| 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:
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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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2024 |
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2023 |
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2024 |
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2023 |
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(in thousands, except per share and per share data) |
Net income (loss) attributable to Envestnet, Inc. |
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$ |
(1,661) |
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$ |
7,091 |
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$ |
(78,349) |
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$ |
(55,553) |
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Weighted average common shares outstanding: |
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Basic |
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55,273,324 |
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54,562,270 |
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55,100,239 |
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54,380,231 |
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Effect of dilutive shares: |
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| Non-vested RSUs and PSUs |
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— |
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361,982 |
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— |
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— |
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| Options to purchase common stock |
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— |
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46,364 |
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— |
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— |
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Diluted |
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55,273,324 |
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54,970,616 |
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55,100,239 |
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54,380,231 |
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Net income (loss) attributable to Envestnet, Inc., per share: |
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Basic |
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$ |
(0.03) |
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$ |
0.13 |
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$ |
(1.42) |
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$ |
(1.02) |
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Diluted |
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$ |
(0.03) |
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$ |
0.13 |
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$ |
(1.42) |
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$ |
(1.02) |
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Securities that were anti-dilutive and therefore excluded from the computation of diluted net loss per share were as follows:
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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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2024 |
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2023 |
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2024 |
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2023 |
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| Convertible Notes |
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10,811,884 |
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10,811,884 |
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10,811,884 |
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11,176,254 |
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| Non-vested RSUs and PSUs |
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1,924,200 |
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— |
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1,924,200 |
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1,949,171 |
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| Options to purchase common stock |
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157,213 |
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— |
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157,213 |
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222,221 |
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| Total anti-dilutive securities |
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12,893,297 |
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10,811,884 |
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12,893,297 |
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13,347,646 |
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