| 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:
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Three Months Ended |
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Nine Months Ended |
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September 30, |
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September 30, |
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2023 |
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2022 |
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2023 |
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2022 |
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(in thousands, except per share and per share data) |
Net income (loss) attributable to Envestnet, Inc. |
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$ |
7,091 |
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$ |
(7,290) |
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$ |
(55,553) |
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$ |
(44,434) |
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Weighted average common shares outstanding: |
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Basic |
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54,562,270 |
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55,226,777 |
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54,380,231 |
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55,109,387 |
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Effect of dilutive shares: |
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| Non-vested RSUs and PSUs |
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361,982 |
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— |
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— |
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— |
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| Options to purchase common stock |
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46,364 |
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— |
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— |
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— |
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Diluted |
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54,970,616 |
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55,226,777 |
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54,380,231 |
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55,109,387 |
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Net income (loss) attributable to Envestnet, Inc., per share: |
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Basic |
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$ |
0.13 |
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$ |
(0.13) |
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$ |
(1.02) |
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$ |
(0.81) |
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Diluted |
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$ |
0.13 |
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$ |
(0.13) |
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$ |
(1.02) |
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$ |
(0.81) |
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Securities that were anti-dilutive and therefore excluded from the computation of diluted net income (loss) per share were as follows:
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Three Months Ended |
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Nine Months Ended |
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September 30, |
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September 30, |
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2023 |
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2022 |
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2023 |
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2022 |
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| Convertible Notes |
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10,811,884 |
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9,898,549 |
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11,176,254 |
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9,898,549 |
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| Non-vested RSUs and PSUs |
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— |
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2,136,483 |
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1,949,171 |
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2,136,483 |
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| Options to purchase common stock |
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— |
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281,535 |
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222,221 |
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281,535 |
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| Warrants |
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— |
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470,000 |
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— |
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470,000 |
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| Total anti-dilutive securities |
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10,811,884 |
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12,786,567 |
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13,347,646 |
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12,786,567 |
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