Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v3.22.1
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenues:    
Total revenues $ 321,363 $ 275,105
Operating expenses:    
Cost of revenues 125,282 92,869
Compensation and benefits 126,849 100,714
General and administration 44,335 36,315
Depreciation and amortization 31,618 28,392
Total operating expenses 328,084 258,290
Income (loss) from operations (6,721) 16,815
Other expense, net (5,967) (7,468)
Income (loss) before income tax provision (benefit) (12,688) 9,347
Income tax provision (benefit) 2,020 (5,588)
Net income (loss) (14,708) 14,935
Add: Net loss attributable to non-controlling interest 849 11
Net income (loss) attributable to Envestnet, Inc. $ (13,859) $ 14,946
Net income (loss) per share attributable to Envestnet, Inc.:    
Basic (in dollars per share) $ (0.25) $ 0.28
Diluted (in dollars per share) $ (0.25) $ 0.27
Weighted average common shares outstanding:    
Basic (in shares) 54,903,677 54,208,469
Diluted (in shares) 54,903,677 59,917,648
Total recurring revenues    
Revenues:    
Total revenues $ 317,451 $ 269,204
Asset-based    
Revenues:    
Total revenues 202,717 159,375
Operating expenses:    
Cost of revenues 117,428 86,190
Subscription-based    
Revenues:    
Total revenues 114,734 109,829
Operating expenses:    
Cost of revenues 7,811 6,604
Professional services and other revenues    
Revenues:    
Total revenues 3,912 5,901
Operating expenses:    
Cost of revenues $ 43 $ 75