| Schedule of disaggregation of revenue by major source |
The following table presents the Company’s revenues disaggregated by major source:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended September 30, |
|
|
2020 |
|
2019 |
|
|
Envestnet Wealth Solutions |
|
Envestnet Data & Analytics |
|
Consolidated |
|
Envestnet Wealth Solutions |
|
Envestnet Data & Analytics |
|
Consolidated |
| Revenues: |
|
|
|
|
|
|
|
|
|
|
|
|
| Asset-based |
|
$ |
137,744 |
|
|
$ |
— |
|
|
$ |
137,744 |
|
|
$ |
126,591 |
|
|
$ |
— |
|
|
$ |
126,591 |
|
| Subscription-based |
|
62,783 |
|
|
45,114 |
|
|
107,897 |
|
|
57,353 |
|
|
43,230 |
|
|
100,583 |
|
| Total recurring revenues |
|
200,527 |
|
|
45,114 |
|
|
245,641 |
|
|
183,944 |
|
|
43,230 |
|
|
227,174 |
|
| Professional services and other revenues |
|
3,767 |
|
|
3,151 |
|
|
6,918 |
|
|
4,280 |
|
|
4,626 |
|
|
8,906 |
|
| Total revenues |
|
$ |
204,294 |
|
|
$ |
48,265 |
|
|
$ |
252,559 |
|
|
$ |
188,224 |
|
|
$ |
47,856 |
|
|
$ |
236,080 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Nine Months Ended September 30, |
| |
|
2020 |
|
2019 |
| |
|
Envestnet Wealth Solutions |
|
Envestnet Data & Analytics |
|
Consolidated |
|
Envestnet Wealth Solutions |
|
Envestnet Data & Analytics |
|
Consolidated |
| Revenues: |
|
|
|
|
|
|
|
|
|
|
|
|
| Asset-based |
|
$ |
394,801 |
|
|
$ |
— |
|
|
$ |
394,801 |
|
|
$ |
355,595 |
|
|
$ |
— |
|
|
$ |
355,595 |
|
| Subscription-based |
|
184,516 |
|
|
132,911 |
|
|
317,427 |
|
|
148,457 |
|
|
127,471 |
|
|
275,928 |
|
| Total recurring revenues |
|
579,317 |
|
|
132,911 |
|
|
712,228 |
|
|
504,052 |
|
|
127,471 |
|
|
631,523 |
|
| Professional services and other revenues |
|
11,082 |
|
|
11,101 |
|
|
22,183 |
|
|
13,767 |
|
|
14,901 |
|
|
28,668 |
|
| Total revenues |
|
$ |
590,399 |
|
|
$ |
144,012 |
|
|
$ |
734,411 |
|
|
$ |
517,819 |
|
|
$ |
142,372 |
|
|
$ |
660,191 |
|
|
| 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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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Three Months Ended |
|
Nine Months Ended |
| |
|
September 30, |
|
September 30, |
| |
|
2020 |
|
2019 |
|
2020 |
|
2019 |
| United States |
|
$ |
247,692 |
|
|
$ |
228,427 |
|
|
$ |
718,246 |
|
|
$ |
638,008 |
|
International (1)
|
|
4,867 |
|
|
7,653 |
|
|
16,165 |
|
|
22,183 |
|
| Total revenues |
|
$ |
252,559 |
|
|
$ |
236,080 |
|
|
$ |
734,411 |
|
|
$ |
660,191 |
|
(1) No foreign country accounted for more than 10% of the Company's total revenues.
|
| 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 September 30, 2020:
|
|
|
|
|
|
|
|
|
| Years ending December 31, |
|
|
| Remainder of 2020 |
|
$ |
62,167 |
|
| 2021 |
|
198,655 |
|
| 2022 |
|
141,388 |
|
| 2023 |
|
74,195 |
|
| 2024 |
|
39,180 |
|
| Thereafter |
|
31,013 |
|
| Total |
|
$ |
546,598 |
|
|
| Schedule of costs of revenues by revenue category |
The following table summarizes cost of revenues by revenue category:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Three Months Ended |
|
Nine Months Ended |
| |
|
September 30, |
|
September 30, |
| |
|
2020 |
|
2019 |
|
2020 |
|
2019 |
| Asset-based |
|
$ |
71,133 |
|
|
$ |
64,339 |
|
|
$ |
201,600 |
|
|
$ |
178,474 |
|
| Subscription-based |
|
7,291 |
|
|
7,278 |
|
|
20,375 |
|
|
21,652 |
|
| Professional services and other |
|
121 |
|
|
253 |
|
|
352 |
|
|
5,469 |
|
| Total cost of revenues |
|
$ |
78,545 |
|
|
$ |
71,870 |
|
|
$ |
222,327 |
|
|
$ |
205,595 |
|
|