| Schedule of disaggregation of revenue by major source |
The following table presents the Company’s revenues disaggregated by major source:
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|
|
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|
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|
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|
Three Months Ended June 30, |
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2020 |
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2019 |
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|
Envestnet Wealth Solutions |
|
Envestnet Data & Analytics |
|
Consolidated |
|
Envestnet Wealth Solutions |
|
Envestnet Data & Analytics |
|
Consolidated |
| Revenues: |
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|
|
|
|
|
|
|
| Asset-based |
|
$ |
122,246 |
|
|
$ |
— |
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|
$ |
122,246 |
|
|
$ |
120,070 |
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|
$ |
— |
|
|
$ |
120,070 |
|
| Subscription-based |
|
61,410 |
|
|
43,569 |
|
|
104,979 |
|
|
50,078 |
|
|
42,180 |
|
|
92,258 |
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| Total recurring revenues |
|
183,656 |
|
|
43,569 |
|
|
227,225 |
|
|
170,148 |
|
|
42,180 |
|
|
212,328 |
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| Professional services and other revenues |
|
4,029 |
|
|
4,059 |
|
|
8,088 |
|
|
6,742 |
|
|
5,375 |
|
|
12,117 |
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| Total revenues |
|
$ |
187,685 |
|
|
$ |
47,628 |
|
|
$ |
235,313 |
|
|
$ |
176,890 |
|
|
$ |
47,555 |
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|
$ |
224,445 |
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|
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| |
|
Six Months Ended June 30, |
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| |
|
2020 |
|
|
|
|
|
2019 |
|
|
|
|
| |
|
Envestnet Wealth Solutions |
|
Envestnet Data & Analytics |
|
Consolidated |
|
Envestnet Wealth Solutions |
|
Envestnet Data & Analytics |
|
Consolidated |
| Revenues: |
|
|
|
|
|
|
|
|
|
|
|
|
| Asset-based |
|
$ |
257,057 |
|
|
$ |
— |
|
|
$ |
257,057 |
|
|
$ |
229,004 |
|
|
$ |
— |
|
|
$ |
229,004 |
|
| Subscription-based |
|
121,733 |
|
|
87,797 |
|
|
209,530 |
|
|
91,104 |
|
|
84,241 |
|
|
175,345 |
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| Total recurring revenues |
|
378,790 |
|
|
87,797 |
|
|
466,587 |
|
|
320,108 |
|
|
84,241 |
|
|
404,349 |
|
| Professional services and other revenues |
|
7,315 |
|
|
7,950 |
|
|
15,265 |
|
|
9,487 |
|
|
10,275 |
|
|
19,762 |
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| Total revenues |
|
$ |
386,105 |
|
|
$ |
95,747 |
|
|
$ |
481,852 |
|
|
$ |
329,595 |
|
|
$ |
94,516 |
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|
$ |
424,111 |
|
|
| Schedule of disaggregation of revenue by geography |
The following table presents the Company’s revenues disaggregated by geography, based on the billing address of the customer:
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|
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|
|
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| |
|
Three Months Ended |
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|
|
Six Months Ended |
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|
| |
|
June 30, |
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|
|
June 30, |
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| |
|
2020 |
|
2019 |
|
2020 |
|
2019 |
| United States |
|
$ |
230,102 |
|
|
$ |
217,462 |
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|
$ |
470,554 |
|
|
$ |
409,581 |
|
International (1)
|
|
5,211 |
|
|
6,983 |
|
|
11,298 |
|
|
14,530 |
|
| Total revenues |
|
$ |
235,313 |
|
|
$ |
224,445 |
|
|
$ |
481,852 |
|
|
$ |
424,111 |
|
(1) No foreign country accounted for more than 10% of the Company's total revenues.
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| Schedule of estimated revenue expected to be recognized in the future |
The following table includes estimated revenue expected to be recognized in the future related to performance obligations that are unsatisfied (or partially unsatisfied) as of June 30, 2020:
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|
| Years ending December 31, |
|
|
| Remainder of 2020 |
|
$ |
114,905 |
|
| 2021 |
|
181,322 |
|
| 2022 |
|
135,410 |
|
| 2023 |
|
65,759 |
|
| 2024 |
|
35,319 |
|
| Thereafter |
|
35,393 |
|
| Total |
|
$ |
568,108 |
|
|
| Schedule of costs of revenues by revenue category |
The following table summarizes cost of revenues by revenue category:
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|
|
|
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|
|
|
|
| |
|
Three Months Ended |
|
|
|
Six Months Ended |
|
|
| |
|
June 30, |
|
|
|
June 30, |
|
|
| |
|
2020 |
|
2019 |
|
2020 |
|
2019 |
| Asset-based |
|
$ |
61,875 |
|
|
$ |
60,293 |
|
|
$ |
130,467 |
|
|
$ |
114,135 |
|
| Subscription-based |
|
6,807 |
|
|
6,697 |
|
|
13,084 |
|
|
14,374 |
|
| Professional services and other |
|
167 |
|
|
5,090 |
|
|
231 |
|
|
5,216 |
|
| Total cost of revenues |
|
$ |
68,849 |
|
|
$ |
72,080 |
|
|
$ |
143,782 |
|
|
$ |
133,725 |
|
|