Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v3.20.1
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenues:    
Total revenues $ 246,539 $ 199,666
Operating expenses:    
Cost of revenues 74,933 61,645
Compensation and benefits 110,430 86,717
General and administration 41,110 40,524
Depreciation and amortization 27,683 19,517
Total operating expenses 254,156 208,403
Loss from operations (7,617) (8,737)
Other expense, net (1,537) (5,763)
Loss before income tax provision (benefit) (9,154) (14,500)
Income tax provision (benefit) (1,964) 3,768
Net loss (7,190) (18,268)
Add: Net (income) loss attributable to non-controlling interest (146) 83
Net loss attributable to Envestnet, Inc. $ (7,336) $ (18,185)
Net loss per share attributable to Envestnet, Inc.:    
Basic (in dollars per share) $ (0.14) $ (0.38)
Diluted (in dollars per share) $ (0.14) $ (0.38)
Weighted average common shares outstanding:    
Basic (in shares) 53,016,511 48,237,265
Diluted (in shares) 53,016,511 48,237,265
Total recurring revenues    
Revenues:    
Total revenues $ 239,362 $ 192,021
Asset-based    
Revenues:    
Total revenues 134,811 108,934
Operating expenses:    
Cost of revenues 68,592 53,842
Subscription-based    
Revenues:    
Total revenues 104,551 83,087
Operating expenses:    
Cost of revenues 6,277 7,677
Professional services and other revenues    
Revenues:    
Total revenues 7,177 7,645
Operating expenses:    
Cost of revenues $ 64 $ 126