Quarterly report pursuant to Section 13 or 15(d)

Segment Information (Tables)

v3.23.2
Segment Information (Tables)
6 Months Ended
Jun. 30, 2023
Segment Reporting [Abstract]  
Schedule of Income (Loss) from Operations by Segment
The following table presents a reconciliation from income (loss) from operations by segment to consolidated net loss attributable to Envestnet, Inc.:

  Three Months Ended Six Months Ended
  June 30, June 30,
  2023 2022 2023 2022
(in thousands)
Envestnet Wealth Solutions $ 23,399  $ 3,968  $ 46,862  $ 29,237 
Envestnet Data & Analytics (10,993) (3,705) (18,773) (9,292)
Nonsegment operating expenses (27,718) (31,986) (54,458) (58,389)
Loss from operations (15,312) (31,723) (26,369) (38,444)
Other (expense) income, net (7,402) 1,622  (15,337) (4,345)
Consolidated loss before income tax provision (benefit) (22,714) (30,101) (41,706) (42,789)
Income tax provision (benefit) 418  (5,833) 24,187  (3,813)
Consolidated net loss (23,132) (24,268) (65,893) (38,976)
Add: Net loss attributable to non-controlling interest 1,716  983  3,249  1,832 
Consolidated net loss attributable to Envestnet, Inc. $ (21,416) $ (23,285) $ (62,644) $ (37,144)
Schedule of Consolidated Total Assets
The following table presents a summary of consolidated total assets by segment:

  June 30, December 31,
  2023 2022
(in thousands)
Envestnet Wealth Solutions $ 1,479,455  $ 1,503,646 
Envestnet Data & Analytics 574,450  608,519 
Consolidated total assets $ 2,053,905  $ 2,112,165