| 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 September 30, |
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2022 |
|
2021 |
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Envestnet Wealth Solutions |
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Envestnet Data & Analytics |
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Consolidated |
|
Envestnet Wealth Solutions |
|
Envestnet Data & Analytics |
|
Consolidated |
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(in thousands) |
| Revenues: |
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| Asset-based |
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$ |
177,131 |
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$ |
— |
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$ |
177,131 |
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|
$ |
184,008 |
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|
$ |
— |
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|
$ |
184,008 |
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| Subscription-based |
|
75,975 |
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|
47,772 |
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|
123,747 |
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|
66,988 |
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|
46,584 |
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|
113,572 |
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| Total recurring revenues |
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253,106 |
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|
47,772 |
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|
300,878 |
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|
250,996 |
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|
46,584 |
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|
297,580 |
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| Professional services and other revenues |
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4,229 |
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|
1,588 |
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|
5,817 |
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|
3,738 |
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|
1,735 |
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|
5,473 |
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| Total revenues |
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$ |
257,335 |
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$ |
49,360 |
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$ |
306,695 |
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$ |
254,734 |
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|
$ |
48,319 |
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$ |
303,053 |
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Nine Months Ended September 30, |
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2022 |
|
2021 |
| |
|
Envestnet Wealth Solutions |
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Envestnet Data & Analytics |
|
Consolidated |
|
Envestnet Wealth Solutions |
|
Envestnet Data & Analytics |
|
Consolidated |
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(in thousands) |
| Revenues: |
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| Asset-based |
|
$ |
571,820 |
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|
$ |
— |
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|
$ |
571,820 |
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|
$ |
513,458 |
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|
$ |
— |
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|
$ |
513,458 |
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| Subscription-based |
|
218,080 |
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|
138,521 |
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|
356,601 |
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|
197,663 |
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|
138,242 |
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|
335,905 |
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| Total recurring revenues |
|
789,900 |
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|
138,521 |
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|
928,421 |
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|
711,121 |
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|
138,242 |
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|
849,363 |
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| Professional services and other revenues |
|
13,003 |
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|
5,486 |
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|
18,489 |
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|
10,320 |
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|
7,213 |
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|
17,533 |
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| Total revenues |
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$ |
802,903 |
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$ |
144,007 |
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$ |
946,910 |
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$ |
721,441 |
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$ |
145,455 |
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$ |
866,896 |
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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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Nine Months Ended |
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September 30, |
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September 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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$ |
300,465 |
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$ |
298,022 |
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$ |
931,465 |
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$ |
851,683 |
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| International |
|
6,230 |
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|
5,031 |
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|
15,445 |
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|
15,213 |
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| Total revenues |
|
$ |
306,695 |
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|
$ |
303,053 |
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|
$ |
946,910 |
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$ |
866,896 |
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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 September 30, 2022:
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| Years ending December 31, |
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(in thousands) |
| Remainder of 2022 |
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$ |
73,189 |
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| 2023 |
|
212,908 |
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| 2024 |
|
126,098 |
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| 2025 |
|
73,464 |
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| 2026 |
|
40,655 |
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| Thereafter |
|
16,890 |
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| Total |
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$ |
543,204 |
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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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Nine Months Ended |
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|
September 30, |
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September 30, |
| |
|
2022 |
|
2021 |
|
2022 |
|
2021 |
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(in thousands) |
| Asset-based |
|
$ |
102,409 |
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|
$ |
102,298 |
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$ |
332,138 |
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$ |
281,829 |
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| Subscription-based |
|
7,768 |
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|
7,355 |
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|
22,820 |
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|
20,986 |
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| Professional services and other |
|
(69) |
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|
183 |
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|
6,914 |
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|
384 |
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| Total cost of revenues |
|
$ |
110,108 |
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|
$ |
109,836 |
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|
$ |
361,872 |
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$ |
303,199 |
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