Quarterly report pursuant to Section 13 or 15(d)

Segment Information (Tables)

v3.24.1.u1
Segment Information (Tables)
3 Months Ended
Mar. 31, 2024
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 income (loss) attributable to Envestnet, Inc.:

  Three Months Ended
  March 31,
  2024 2023
(in thousands)
Envestnet Wealth Solutions $ 38,930  $ 22,598 
Envestnet Data & Analytics (5,739) (6,915)
Nonsegment operating expenses (24,483) (26,740)
Income (loss) from operations 8,708  (11,057)
Other expense, net (6,664) (7,935)
Income (loss) before income tax provision
2,044  (18,992)
Income tax provision 1,505  23,769 
Net income (loss) 539  (42,761)
Add: Net loss attributable to non-controlling interest 1,974  1,533 
Net income (loss) attributable to Envestnet, Inc. $ 2,513  $ (41,228)
Schedule of Consolidated Total Assets
The following table presents a summary of consolidated total assets by segment:

  March 31, December 31,
  2024 2023
(in thousands)
Envestnet Wealth Solutions $ 1,550,105  $ 1,562,600 
Envestnet Data & Analytics 313,940  314,652 
Consolidated total assets $ 1,864,045  $ 1,877,252