Envestnet, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Net Income (Loss) Per Share

Net Income (Loss) Per Share

3 Months Ended

Mar. 31, 2022

Basic net income (loss) per common share is computed by dividing net income (loss) available to common stockholders by the weighted average number of shares of common stock outstanding for the period. For the calculation of diluted net income (loss) per share, the basic weighted average number of shares is increased by the dilutive effect of stock options, common warrants, restricted stock awards and restricted stock units and convertible notes, if dilutive, using either the treasury method or if-converted method as appropriate.

The following table provides the numerators and denominators used in computing basic and diluted net income (loss) per share attributable to Envestnet, Inc.:


	Three Months Ended
	March 31,
			2022		2021

		(in thousands, except share and per share data)







Net income (loss) attributable to Envestnet, Inc. (a)			$	(13,859)	$	14,946
Interest on dilutive Convertible Notes due 2025, net of tax			—		1,252
Net income (loss) attributable to Envestnet, Inc - Diluted (b)			$	(13,859)	$	16,198

Weighted-average common shares outstanding:
Basic (c)			54,903,677		54,208,469
Effect of dilutive shares:
Options to purchase common stock			—		222,387
Unvested restricted stock units			—		562,606
Convertible Notes			—		4,848,044
Warrants			—		76,142
Diluted (d)			54,903,677		59,917,648

Net income (loss) per share attributable to Envestnet, Inc common stock:
Basic (a/c)			$	(0.25)	$	0.28
Diluted (b/d)			$	(0.25)	$	0.27

Securities that were anti-dilutive and therefore excluded from the computation of diluted net income (loss) per share were as follows:


	Three Months Ended
	March 31,
			2022	2021
		(in thousands)
Options to purchase common stock			326,300	—
Unvested RSUs and PSUs			2,641,362	—
Warrants			470,000	—
Convertible Notes			9,898,549	5,050,505
Total anti-dilutive securities			13,336,211	5,050,505