| Schedule of Disaggregation of Revenue by Major Source |
The following table presents the Company’s revenues disaggregated by major source:
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Three Months Ended June 30, 2022 |
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2022 |
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2021 |
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Envestnet Wealth Solutions |
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Envestnet Data & Analytics |
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Consolidated |
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Envestnet Wealth Solutions |
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Envestnet Data & Analytics |
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Consolidated |
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(in thousands) |
| Revenues: |
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| Asset-based |
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$ |
191,972 |
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$ |
— |
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$ |
191,972 |
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|
$ |
170,075 |
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$ |
— |
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|
$ |
170,075 |
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| Subscription-based |
|
73,568 |
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|
44,552 |
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|
118,120 |
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|
66,663 |
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|
45,841 |
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|
112,504 |
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| Total recurring revenues |
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265,540 |
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44,552 |
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|
310,092 |
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|
236,738 |
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|
45,841 |
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|
282,579 |
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| Professional services and other revenues |
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6,460 |
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|
2,300 |
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|
8,760 |
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|
3,559 |
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|
2,600 |
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|
6,159 |
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| Total revenues |
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$ |
272,000 |
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$ |
46,852 |
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$ |
318,852 |
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$ |
240,297 |
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$ |
48,441 |
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$ |
288,738 |
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Six Months Ended June 30, |
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2022 |
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2021 |
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Envestnet Wealth Solutions |
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Envestnet Data & Analytics |
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Consolidated |
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Envestnet Wealth Solutions |
|
Envestnet Data & Analytics |
|
Consolidated |
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(in thousands) |
| Revenues: |
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| Asset-based |
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$ |
394,689 |
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|
$ |
— |
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$ |
394,689 |
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|
$ |
329,450 |
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$ |
— |
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$ |
329,450 |
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| Subscription-based |
|
142,105 |
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|
90,749 |
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|
232,854 |
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|
130,675 |
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|
91,658 |
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|
222,333 |
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| Total recurring revenues |
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536,794 |
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|
90,749 |
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|
627,543 |
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|
460,125 |
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|
91,658 |
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|
551,783 |
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| Professional services and other revenues |
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8,774 |
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|
3,898 |
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|
12,672 |
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|
6,582 |
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|
5,478 |
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|
12,060 |
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| Total revenues |
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$ |
545,568 |
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$ |
94,647 |
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$ |
640,215 |
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$ |
466,707 |
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$ |
97,136 |
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$ |
563,843 |
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| 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 |
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Six Months Ended |
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June 30, |
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June 30, |
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2022 |
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2021 |
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2022 |
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2021 |
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(in thousands) |
| United States |
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$ |
314,271 |
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$ |
283,589 |
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$ |
631,000 |
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$ |
553,661 |
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| International |
|
4,581 |
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|
5,149 |
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|
9,215 |
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|
10,182 |
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| Total revenues |
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$ |
318,852 |
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|
$ |
288,738 |
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|
$ |
640,215 |
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$ |
563,843 |
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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 as of June 30, 2022:
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| Years ending December 31, |
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(in thousands) |
| Remainder of 2022 |
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$ |
137,741 |
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| 2023 |
|
196,180 |
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| 2024 |
|
114,774 |
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| 2025 |
|
67,070 |
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| 2026 |
|
35,991 |
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| Thereafter |
|
8,228 |
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| Total |
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$ |
559,984 |
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| Schedule of Costs of Revenues by Revenue Category |
The following table summarizes cost of revenues by revenue category:
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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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|
2022 |
|
2021 |
|
2022 |
|
2021 |
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(in thousands) |
| Asset-based |
|
$ |
112,301 |
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$ |
93,341 |
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$ |
229,729 |
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$ |
179,531 |
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| Subscription-based |
|
7,241 |
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|
7,027 |
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|
15,052 |
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|
13,631 |
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| Professional services and other |
|
6,940 |
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|
126 |
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|
6,983 |
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|
201 |
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| Total cost of revenues |
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$ |
126,482 |
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$ |
100,494 |
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$ |
251,764 |
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$ |
193,363 |
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