Annual report pursuant to Section 13 and 15(d)

Net Income (Loss) Per Share

v3.24.0.1
Net Income (Loss) Per Share
 12 Months Ended
Dec. 31, 2023
Earnings Per Share [Abstract]  
Net Income (Loss) Per Share Net Income (Loss) Per Share
 
The following table provides the numerators and denominators used in computing basic and diluted net income (loss) attributable to Envestnet, Inc., per share:

  Year Ended December 31,
  2023 2022 2021
(in thousands, except share and per share amounts)
Net income (loss) attributable to Envestnet, Inc. - Basic $ (238,724) $ (80,939) $ 13,296 
Interest and gain on settlement of Convertible Notes due 2025, net of interest and tax —  (9,524) — 
Net income (loss) attributable to Envestnet, Inc. - Diluted $ (238,724) $ (90,463) $ 13,296 
Weighted-average common shares outstanding:
Basic 54,457,365  55,199,482  54,470,975 
Effect of dilutive shares:
Convertible Notes —  1,642,643  — 
Non-vested RSUs and PSUs —  —  633,384 
Options to purchase common stock —  —  206,022 
Warrants —  —  73,715 
Diluted 54,457,365  56,842,125  55,384,096 
Net income (loss) attributable to Envestnet, Inc., per share:
Basic $ (4.38) $ (1.47) $ 0.24 
Diluted $ (4.38) $ (1.59) $ 0.24 
 
Securities that were anti-dilutive and therefore excluded from the computation of diluted net income (loss) per share were as follows: 

  December 31,
  2023 2022 2021
Convertible Notes(1)
11,084,413  11,470,646  9,898,549 
Non-vested RSU's and PSU's 1,672,311  1,941,025  — 
Options to purchase common stock 202,166  277,535  — 
Total anti-dilutive securities 12,958,890  13,689,206  9,898,549 
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(1) From 2021 to 2022, this amount increased by 7,837,480 potential common shares associated with the Convertible Notes due 2027 issued in 2022, partially offset by 4,391,743 potential common shares associated with the Convertible Notes due 2023 and 1,873,640 potential common shares associated with the Convertible Notes due 2025 repurchased in 2022. From 2022 to 2023, this amount decreased by 386,233 potential common shares associated with the Convertible Notes due 2023 that matured on June 1, 2023. See "Note 14—Debt".