| Schedule of Disaggregation of Revenue by Major Source |
The following table presents the Company’s revenues disaggregated by major source:
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|
Year Ended December 31, 2022 |
| |
|
Envestnet Wealth Solutions |
|
Envestnet Data & Analytics |
|
Consolidated |
|
|
(in thousands) |
| Revenues: |
|
|
|
|
|
|
| Asset-based |
|
$ |
738,228 |
|
|
$ |
— |
|
|
$ |
738,228 |
|
| Subscription-based |
|
294,997 |
|
|
182,847 |
|
|
477,844 |
|
| Total recurring revenues |
|
1,033,225 |
|
|
182,847 |
|
|
1,216,072 |
|
| Professional services and other revenues |
|
16,568 |
|
|
7,144 |
|
|
23,712 |
|
| Total revenues |
|
$ |
1,049,793 |
|
|
$ |
189,991 |
|
|
$ |
1,239,784 |
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|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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| |
|
Year Ended December 31, 2021 |
| |
|
Envestnet Wealth Solutions |
|
Envestnet Data & Analytics |
|
Consolidated |
|
|
(in thousands) |
| Revenues: |
|
|
|
|
|
|
| Asset-based |
|
$ |
709,376 |
|
|
$ |
— |
|
|
$ |
709,376 |
|
| Subscription-based |
|
267,720 |
|
|
186,269 |
|
|
453,989 |
|
| Total recurring revenues |
|
977,096 |
|
|
186,269 |
|
|
1,163,365 |
|
| Professional services and other revenues |
|
14,070 |
|
|
9,082 |
|
|
23,152 |
|
| Total revenues |
|
$ |
991,166 |
|
|
$ |
195,351 |
|
|
$ |
1,186,517 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended December 31, 2020 |
| |
|
Envestnet Wealth Solutions |
|
Envestnet Data & Analytics |
|
Consolidated |
|
|
(in thousands) |
| Revenues: |
|
|
|
|
|
|
| Asset-based |
|
$ |
540,947 |
|
|
$ |
— |
|
|
$ |
540,947 |
|
| Subscription-based |
|
248,810 |
|
|
177,697 |
|
|
426,507 |
|
| Total recurring revenues |
|
789,757 |
|
|
177,697 |
|
|
967,454 |
|
| Professional services and other revenues |
|
16,333 |
|
|
14,443 |
|
|
30,776 |
|
| Total revenues |
|
$ |
806,090 |
|
|
$ |
192,140 |
|
|
$ |
998,230 |
|
|
| Schedule of Disaggregation of Revenue by Geography |
The following table presents the Company’s revenues disaggregated by geography, based on the billing address of the customer:
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| |
|
Year Ended December 31, |
| |
|
2022 |
|
2021 |
|
2020 |
|
|
(in thousands) |
| United States |
|
$ |
1,218,254 |
|
|
$ |
1,166,251 |
|
|
$ |
977,047 |
|
International (1)
|
|
21,530 |
|
|
20,266 |
|
|
21,183 |
|
| Total revenues |
|
$ |
1,239,784 |
|
|
$ |
1,186,517 |
|
|
$ |
998,230 |
|
__________________________________________________________
(1) No foreign country accounted for more than 10% of total revenues.
|
| Schedule of Costs of Revenues by Revenue Category |
The following table summarizes cost of revenues by revenue category:
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|
|
|
Year Ended December 31, |
| |
|
2022 |
|
2021 |
|
2020 |
|
|
(in thousands) |
| Asset-based |
|
$ |
430,345 |
|
|
$ |
393,717 |
|
|
$ |
278,569 |
|
| Subscription-based |
|
30,613 |
|
|
29,445 |
|
|
26,934 |
|
| Professional services and other |
|
7,502 |
|
|
561 |
|
|
426 |
|
| Total cost of revenues |
|
$ |
468,460 |
|
|
$ |
423,723 |
|
|
$ |
305,929 |
|
|