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 |
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 |