Quarterly report pursuant to Section 13 or 15(d)

Revenue and Cost of Revenues (Tables)

v3.22.1
Revenue and Cost of Revenues (Tables)
3 Months Ended
Mar. 31, 2022
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue by Major Source
The following table presents the Company’s revenues disaggregated by major source:

  Three Months Ended March 31,
  2022 2021
  Envestnet Wealth Solutions Envestnet Data & Analytics Consolidated Envestnet Wealth Solutions Envestnet Data & Analytics Consolidated
(in thousands)
Revenues:            
Asset-based $ 202,717  $ —  $ 202,717  $ 159,375  $ —  $ 159,375 
Subscription-based 68,537  46,197  114,734  64,012  45,817  109,829 
Total recurring revenues 271,254  46,197  317,451  223,387  45,817  269,204 
Professional services and other revenues 2,314  1,598  3,912  3,023  2,878  5,901 
Total revenues $ 273,568  $ 47,795  $ 321,363  $ 226,410  $ 48,695  $ 275,105 
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:
  Three Months Ended
  March 31,
  2022 2021
(in thousands)
United States $ 316,729  $ 270,072 
International 4,634  5,033 
Total revenues $ 321,363  $ 275,105 
Schedule of Estimated Revenue Expected to be Recognized in the Future
The following table includes estimated revenue expected to be recognized in the future as of March 31, 2022: 

Years ending December 31, (in thousands)
Remainder of 2022 $ 201,257 
2023 178,329 
2024 102,504 
2025 57,142 
2026 29,564 
Thereafter 6,878 
Total $ 575,674 
Schedule of Costs of Revenues by Revenue Category
The following table summarizes cost of revenues by revenue category:
  Three Months Ended
  March 31,
  2022 2021
(in thousands)
Asset-based $ 117,428  $ 86,190 
Subscription-based 7,811  6,604 
Professional services and other 43  75 
Total cost of revenues $ 125,282  $ 92,869