Quarterly report pursuant to Section 13 or 15(d)

Net Income (Loss) Per Share

v3.23.3
Net Income (Loss) Per Share
9 Months Ended
Sep. 30, 2023
Earnings Per Share [Abstract]  
Net Income (Loss) Per Share Net Income (Loss) Per Share
The following table provides the numerators and denominators used in computing basic and diluted net income (loss) attributable to Envestnet, Inc., per share:

Three Months Ended Nine Months Ended
  September 30, September 30,
2023 2022 2023 2022
(in thousands, except per share and per share data)
Net income (loss) attributable to Envestnet, Inc.
$ 7,091  $ (7,290) $ (55,553) $ (44,434)
Weighted average common shares outstanding:
Basic
54,562,270  55,226,777  54,380,231  55,109,387 
Effect of dilutive shares:
Non-vested RSUs and PSUs 361,982  —  —  — 
Options to purchase common stock 46,364  —  —  — 
Diluted
54,970,616  55,226,777  54,380,231  55,109,387 
Net income (loss) attributable to Envestnet, Inc., per share:
Basic
$ 0.13  $ (0.13) $ (1.02) $ (0.81)
Diluted
$ 0.13  $ (0.13) $ (1.02) $ (0.81)
 
Securities that were anti-dilutive and therefore excluded from the computation of diluted net income (loss) per share were as follows:

Three Months Ended Nine Months Ended
  September 30, September 30,
2023 2022 2023 2022
Convertible Notes 10,811,884  9,898,549  11,176,254  9,898,549 
Non-vested RSUs and PSUs —  2,136,483  1,949,171  2,136,483 
Options to purchase common stock —  281,535  222,221  281,535 
Warrants —  470,000  —  470,000 
Total anti-dilutive securities 10,811,884  12,786,567  13,347,646  12,786,567