Quarterly report pursuant to Section 13 or 15(d)

Segment Information (Tables)

v3.24.2.u1
Segment Information (Tables)
6 Months Ended
Jun. 30, 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 loss attributable to Envestnet, Inc.:

  Three Months Ended Six Months Ended
  June 30, June 30,
  2024 2023 2024 2023
(in thousands)
Envestnet Wealth Solutions $ 53,171  $ 22,705  $ 92,101  $ 45,303 
Envestnet Data & Analytics (101,778) (10,299) (107,517) (17,214)
Nonsegment operating expenses (26,940) (27,718) (51,423) (54,458)
Loss from operations (75,547) (15,312) (66,839) (26,369)
Other expense, net (4,788) (5,016) (9,169) (10,011)
Loss before income tax provision (benefit) and equity method investments (80,335) (20,328) (76,008) (36,380)
Income tax provision (benefit) (652) 418  853  24,187 
Gain (loss) from equity method investments
482  (2,386) (1,801) (5,326)
Net loss
(79,201) (23,132) (78,662) (65,893)
Add: Net loss attributable to non-controlling interest —  1,716  1,974  3,249 
Net loss attributable to Envestnet, Inc.
$ (79,201) $ (21,416) $ (76,688) $ (62,644)
Schedule of Consolidated Total Assets
The following table presents a summary of consolidated total assets by segment:

  June 30, December 31,
  2024 2023
(in thousands)
Envestnet Wealth Solutions $ 1,585,678  $ 1,562,600 
Envestnet Data & Analytics 209,294  314,652 
Consolidated total assets $ 1,794,972  $ 1,877,252