Envestnet

Envestnet, Inc. is a leading provider of unified wealth management technology and services to investment advisors. The Company's open-architecture platforms unify and fortify the wealth management process, delivering unparalleled flexibility, accuracy, performance, and value. Envestnet solutions enable the transformation of wealth management into a transparent, conflict-free and fully-aligned standard of care, and empower advisors to deliver better results. Envestnet's Advisor Suite® software empowers financial advisors to better manage client outcomes and strengthen their practice.

Type
Public
HQ
Chicago, US
Founded
1999
Size (employees)
2,665 (est)
Envestnet was founded in 1999 and is headquartered in Chicago, US

Envestnet Office Locations

Envestnet has offices in Chicago, Boston, Addison, Denver and in 7 other locations
Chicago, US (HQ)
35 E Upper Wacker Dr
Tucson, US
620 5151 E Broadway Blvd
Thiruvananthapuram, IN
Tc 4/2035 1 Kowdiar Post
Sunnyvale, US
306 150 Mathilda Pl
Seattle, US
701 5th Ave
Raleigh, US
1500 One Bank Of America Plaza 421 Fayetteville St
Berwyn, US
135 1000 Chesterbrook Blvd
New York, US
489 5th Ave
Denver, US
1801 California St
Addison, US
700 16633 Dallas Pkwy
Boston, US
75 State St

Envestnet Data and Metrics

Envestnet Financial Metrics

Envestnet's revenue was reported to be $578.2 m in FY, 2016 which is a 37% increase from the previous period.
$, USD

Revenue (FY, 2016)

578.2 m

Revenue growth (FY, 2015 - FY, 2016), %

37%

Gross profit (FY, 2016)

397.6 m

Gross profit margin (FY, 2016), %

69%

Net income (FY, 2016)

(55.6 m)

EBIT (FY, 2016)

(23.4 m)

Market capitalization (23-Jun-2017)

1.7 b

Closing share price (23-Jun-2017)

38.5

Cash (31-Dec-2016)

52.6 m
Envestnet's current market capitalization is $1.7 b.
$, USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

242.5 m348.7 m420.9 m578.2 m

Revenue growth, %

44%21%37%

Cost of goods sold

99 m150.1 m161.3 m180.6 m

Gross profit

143.6 m198.7 m259.6 m397.6 m

Gross profit Margin, %

59%57%62%69%

Operating expense total

138.1 m177.4 m240.6 m601.6 m

EBIT

5.5 m21.3 m19 m(23.4 m)

EBIT margin, %

2%6%5%(4%)

Interest expense

626 k10.3 m16.6 m

Interest income

18 k139 k338 k37 k

Pre tax profit

5.7 m22.5 m9 m(40.5 m)

Income tax expense

2.1 m8.5 m4.6 m15.1 m

Net Income

3.7 m14 m4.4 m(55.6 m)
$, USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

49.9 m209.8 m51.7 m52.6 m

Inventories

7.2 m7.2 m15.2 m16.2 m

Current Assets

79.4 m242 m113.6 m113.1 m

PP&E

12.8 m16.6 m28.7 m33 m

Goodwill

74.3 m105 m421.3 m431.9 m

Total Assets

221.2 m439.4 m885.6 m872.4 m

Accounts Payable

5.5 m4.9 m10.4 m11.5 m

Current Liabilities

53 m64.7 m111.5 m156 m

Additional Paid-in Capital

192.3 m233.9 m474.7 m516.7 m

Retained Earnings

(33.6 m)(19.4 m)(15 m)(70.6 m)

Total Equity

147.8 m202 m439.9 m413.3 m

Financial Leverage

1.5 x2.2 x2 x2.1 x
$, USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

3.7 m14 m4.4 m(55.6 m)

Depreciation and Amortization

15.3 m18.7 m28 m64 m

Inventories

(1.1 m)9.7 m14.7 m(3.3 m)

Accounts Payable

2.9 m(659 k)3.1 m(462 k)

Cash From Operating Activities

28.9 m56 m24.4 m76.8 m

Purchases of PP&E

(6.1 m)(6.2 m)(9.2 m)(14 m)

Cash From Investing Activities

(18.3 m)(69.1 m)(344.6 m)(57.9 m)

Cash From Financing Activities

9.4 m172.9 m162.2 m(18 m)
Y, 2016

Financial Leverage

2.1 x

Envestnet Operating Metrics

Envestnet's Users was reported to be 22 m in FY, 2016, which is a 3% increase from the previous period. Envestnet's Enterprise Customers was reported to be 2.5 k in FY, 2016
FY, 2011FY, 2012FY, 2013Q1, 2014Q2, 2014Q3, 2014FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017

Advisors

19.6 k16.09 k30.63 k32.39 k33.53 k36.15 k40.24 k41.33 k42.41 k43.59 k47.33 k49.39 k51.15 k52.05 k54.34 k55.14 k

Platform Accounts

929 k1.68 m2.24 m2.35 m2.5 m2.73 m2.86 m2.98 m3.07 m3.2 m3.47 m3.64 m5.74 m5.88 m6.1 m5.82 m

Platform Assets

$140 b$368 b$537 b$572.47 b$621.93 b$667.74 b$713 b$749.17 b$792.52 b$788.56 b$852 b$880.01 b$1 t$1.09 t$1.1 t$1.13 t

Users

18.4 m21.3 m22 m

Patents Issued

7680

Enterprise Customers

2.5 k

Envestnet Market Value History

Envestnet Revenue Breakdown

Envestnet Median Salaries

Source: 54 public H-1B filings from Envestnet

Envestnet Online and Social Media Presence

Envestnet News and Updates

Envestnet Company Life and Culture

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