Quarterly report pursuant to Section 13 or 15(d)

Revenue (Tables)

v3.20.1
Revenue (Tables)
3 Months Ended
Mar. 31, 2020
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,
 
 
2020
 
2019
 
 
Envestnet Wealth Solutions
 
Envestnet Data & Analytics
 
Consolidated
 
Envestnet Wealth Solutions
 
Envestnet Data & Analytics
 
Consolidated
Revenues:
 
 
 
 
 
 
 
 
 
 
 
 
Asset-based
 
$
134,811

 
$

 
$
134,811

 
$
108,934

 
$

 
$
108,934

Subscription-based
 
60,323

 
44,228

 
104,551

 
41,026

 
42,061

 
83,087

Total recurring revenues
 
195,134

 
44,228

 
239,362

 
149,960

 
42,061

 
192,021

Professional services and other revenues
 
3,286

 
3,891

 
7,177

 
2,745

 
4,900

 
7,645

Total revenues
 
$
198,420

 
$
48,119

 
$
246,539

 
$
152,705

 
$
46,961

 
$
199,666


Summary of revenues from major customers
One customer accounted for more than 10% of the Company’s total revenues:
 
 
Three Months Ended
 
 
March 31,
 
 
2020
 
2019
Fidelity
 
15
%
 
16
%

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,
 
 
2020
 
2019
United States
 
$
240,452

 
$
192,119

International (1)
 
6,087

 
7,547

Total revenues
 
$
246,539

 
$
199,666


(1) 
No foreign country accounted for more than 10% of the Company's total revenues.
Schedule of estimated revenue expected to be recognized in the future
The following table includes estimated revenue expected to be recognized in the future related to performance obligations that are unsatisfied (or partially unsatisfied) as of March 31, 2020
Years ending December 31,
 
 

Remainder of 2020
 
$
169,680

2021
 
166,469

2022
 
121,386

2023
 
57,523

2024
 
32,908

Thereafter
 
27,043

Total
 
$
575,009