Quarterly report pursuant to Section 13 or 15(d)

Segment Information (Tables)

v3.24.3
Segment Information (Tables)
9 Months Ended
Sep. 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 income (loss) attributable to Envestnet, Inc.:

  Three Months Ended Nine Months Ended
  September 30, September 30,
  2024 2023 2024 2023
(in thousands)
Envestnet Wealth Solutions $ 50,310  $ 30,271  $ 142,411  $ 75,574 
Envestnet Data & Analytics (7,506) (7,994) (115,023) (25,208)
Nonsegment operating expenses (35,798) (21,676) (87,221) (76,134)
Income (loss) from operations 7,006  601  (59,833) (25,768)
Other expense, net (4,277) (2,001) (13,446) (12,012)
Income (loss) before income tax provision (benefit) and equity method investments 2,729  (1,400) (73,279) (37,780)
Income tax provision (benefit) 2,864  (8,824) 3,717  15,363 
Loss from equity method investments
(1,526) (2,368) (3,327) (7,694)
Net income (loss) (1,661) 5,056  (80,323) (60,837)
Add: Net loss attributable to non-controlling interest —  2,035  1,974  5,284 
Net income (loss) attributable to Envestnet, Inc. $ (1,661) $ 7,091  $ (78,349) $ (55,553)
Schedule of Consolidated Total Assets
The following table presents a summary of consolidated total assets by segment:

  September 30, December 31,
  2024 2023
(in thousands)
Envestnet Wealth Solutions $ 1,625,821  $ 1,562,600 
Envestnet Data & Analytics 202,883  314,652 
Consolidated total assets $ 1,828,704  $ 1,877,252