Envestnet Inc (N:ENV)

Sector:  Technology Industry:  Software
 
See Regulatory Filings on SEC
Company Contact
Address: 1000 Chesterbrook Boulevard, Suite 250
BERWYN PA 19312
Tel: N/A
Website: https://www.envestnet.com
IR: See website
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Key People
James L. Fox
Chairman of the Board, Interim Chief Executive Officer
Joshua Warren
Chief Financial Officer
Shelly N. O'Brien
Chief Legal Officer, General Counsel, Corporate Secretary
Business Overview
Envestnet, Inc. is a provider of intelligent systems for wealth management and financial wellness. Its segments include Envestnet Wealth Solutions and Envestnet Data & Analytics. The Envestnet Wealth Solutions segment provides unified wealth management software, services and solutions to empower financial advisors and institutions to enable them to deliver holistic advice to their clients. Envestnet Wealth Solutions offers products and services, including Envestnet Enterprise; Envestnet Wealth Analytics; Envestnet Tamarac; Envestnet MoneyGuide; Envestnet Workplace Solutions; Envestnet PMC, or Portfolio Management Consultants, and Envestnet Billing Solutions (Redi2). Envestnet Data & Analytics segment offers data aggregation, analytics and digital experiences platforms. Envestnet Data & Analytics provides clients and their account holders with data connectivity via open application programming interface, data enrichment, artificial intelligence-based analytics and digital experiences.
Financial Overview
For the fiscal year ended 31 December 2023, Envestnet Inc revenues increased less than 1% to $1.25B. Net loss increased from $80.9M to $238.7M. Revenues reflect Envestnet Wealth Solutions segment increase of 4% to $1.09B, International segment increase of 4% to $22.4M, also reflect Envestnet Data & Analytics segment decrease of 21% to $150.9M.
Employees: 3,100 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $4,209M as of Dec 31, 2023
Annual revenue (TTM): $1,246M as of Dec 31, 2023
EBITDA (TTM): $177.07M as of Dec 31, 2023
Net annual income (TTM): -$238.72M as of Dec 31, 2023
Free cash flow (TTM): $24.57M as of Dec 31, 2023
Net Debt Last Fiscal Year: $785.23M as of Dec 31, 2023
Shares outstanding: 55,020,578 as of Mar 12, 2024
Index Membership: S&P 600 Small Cap
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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