| Schedule of Reconciliation of the Numerators and Denominators used in Computing Basic and Diluted Net Income (Loss) per Share Attributable to Common Stockholders |
The following table provides the numerators and denominators used in computing basic and diluted net income (loss) per share attributable to Envestnet, Inc.:
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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, except share and per share data) |
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Net income (loss) attributable to Envestnet, Inc. (a)
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$ |
(23,285) |
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$ |
(8,281) |
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$ |
(37,144) |
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$ |
6,665 |
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| Weighted-average common shares outstanding: |
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Basic (b)
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55,203,120 |
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54,440,388 |
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55,054,272 |
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54,325,353 |
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| Effect of dilutive shares: |
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| Options to purchase common stock |
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— |
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— |
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— |
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210,381 |
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| Unvested restricted stock units |
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— |
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— |
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— |
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536,186 |
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| Warrants |
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— |
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— |
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— |
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65,026 |
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Diluted (c)
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55,203,120 |
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54,440,388 |
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55,054,272 |
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55,136,946 |
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| Net income (loss) per share attributable to Envestnet, Inc common stock: |
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Basic (a/b)
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$ |
(0.42) |
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$ |
(0.15) |
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$ |
(0.67) |
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$ |
0.12 |
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Diluted (a/c)
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$ |
(0.42) |
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$ |
(0.15) |
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$ |
(0.67) |
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$ |
0.12 |
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| Schedule of Anti-Dilutive Securities Excluded from Computation of Diluted Earnings per Share |
Securities that were anti-dilutive and therefore excluded from the computation of diluted net income (loss) per share were as follows:
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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) |
| Options to purchase common stock |
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319,585 |
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405,638 |
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319,585 |
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— |
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| Unvested RSUs and PSUs |
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2,299,589 |
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2,161,056 |
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2,299,589 |
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39,652 |
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| Warrants |
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470,000 |
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470,000 |
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470,000 |
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— |
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| Convertible Notes |
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9,898,549 |
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9,898,549 |
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9,898,549 |
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9,898,549 |
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| Total anti-dilutive securities |
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12,987,723 |
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12,935,243 |
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12,987,723 |
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9,938,201 |
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