Envestnet is a 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. Its 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. 

Type
Public
HQ
Chicago, US
Founded
1999
Size (employees)
3,197 (est)
Envestnet was founded in 1999 and is headquartered in Chicago, US
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Envestnet Office Locations

Envestnet has offices in Chicago, Thiruvananthapuram, Boston, Addison and in 7 other locations
Chicago, US (HQ)
35 E Upper Wacker Dr
Addison, US
700 16633 Dallas Pkwy
Berwyn, US
135 1000 Chesterbrook Blvd
Boston, US
75 State St
Denver, US
1801 California St
New York, US
489 5th Ave
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Envestnet Financials and Metrics

Envestnet Financials

Envestnet's revenue was reported to be $683.68 m in FY, 2017
USD

Revenue (FY, 2017)

683.7 m

Gross profit (FY, 2017)

464.6 m

Gross profit margin (FY, 2017), %

68%

Net income (FY, 2017)

(3.3 m)

EBIT (FY, 2017)

16.4 m

Market capitalization (20-Apr-2018)

2.4 b

Cash (31-Dec-2017)

60.1 m
Envestnet's current market capitalization is $2.4 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

242.5 m348.7 m420.9 m578.2 m683.7 m

Revenue growth, %

44%21%37%

Cost of goods sold

99 m150.1 m161.3 m180.6 m219 m

Gross profit

143.6 m198.7 m259.6 m397.6 m464.6 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Revenue

69.9 m78.5 m84.8 m88.6 m96.5 m102.7 m103.4 m131.8 m141.7 m149.2 m157.8 m167.4 m

Cost of goods sold

30.2 m34.4 m38 m39.1 m38.7 m42.5 m41 m40.2 m44.9 m47.3 m49.2 m55.7 m

Gross profit

39.7 m44.1 m46.9 m49.5 m57.8 m60.2 m62.3 m91.7 m96.8 m101.9 m108.6 m111.7 m

Gross profit Margin, %

57%56%55%56%60%59%60%70%68%68%69%67%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

49.9 m209.8 m51.7 m52.6 m60.1 m

Accounts Receivable

Inventories

7.2 m7.2 m15.2 m16.2 m

Current Assets

79.4 m242 m113.6 m113.1 m131.1 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Cash

36.7 m52.6 m64.5 m105.9 m209.9 m198.9 m208.3 m36.6 m38.5 m50.7 m39.5 m27.7 m

Current Assets

66.2 m84.3 m99.7 m141.2 m260.8 m253.4 m259.2 m94.9 m111.6 m112.9 m104.4 m96.2 m

PP&E

12.5 m13.3 m14.6 m16.4 m17.1 m18.3 m18.5 m27.1 m28.7 m32.6 m33.5 m34.8 m

Goodwill

74.3 m74.3 m74.9 m77.9 m105 m126.4 m134.8 m426.7 m423.5 m422.6 m432.3 m432.9 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

3.7 m14 m4.4 m(55.6 m)(3.3 m)

Depreciation and Amortization

15.3 m18.7 m28 m64 m62.8 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)(442 k)
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Net Income

1.3 m2.9 m3.7 m3.8 m2.5 m2.5 m3.3 m(11 m)(18.9 m)(23 m)(13.1 m)(19.6 m)

Depreciation and Amortization

4.5 m4.4 m4.6 m4.3 m5.3 m5.7 m6.2 m16.1 m33.2 m49.9 m15.8 m31.3 m

Accounts Payable

6.7 m7.5 m5.2 m6.4 m5.2 m32 k2.6 m124 k865 k(184 k)

Cash From Operating Activities

13.8 m25.9 m51.9 m9 m35.5 m
USDY, 2017

Revenue/Employee

226.4 k

Financial Leverage

2 x
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Envestnet Operating Metrics

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, 2017Q2, 2017Q3, 2017

Advisors

19.60 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 k57.51 k59.48 k

Platform Accounts

929 k1.68 m2.24 m2.35 m2.50 m2.73 m2.86 m2.98 m3.07 m3.20 m3.47 m3.64 m5.74 m5.88 m6.10 m5.82 m6.51 m6.72 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$1.10 t$1.13 t$1.22 t$1.29 t

Enterprise Customers

2.50 k
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Envestnet Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
FolioDynamix January 02, 2018$195 m
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Envestnet News and Updates

How AI is helping bank customers make sense of their financial lives (VB Live)

VB LIVE: With the power of artificial intelligence (AI) and machine learning, banks and other FIs have an opportunity to help consumers manage their budgets and plan for big life events. Find out how the industry’s most innovative companies are using these technologies to build financial solutions a…

AI and the next step in financial management tools (VB Live)

VB LIVE: Today’s consumers want financial wellness tools that help them proactively manage their money. Join this VB Live event to learn how the industry’s most innovative companies are using artificial intelligence (AI) and machine learning to build the kind of financial solutions and apps to attra…

Developing financial wellness tools with artificial intelligence (VB Live)

VB LIVE: Research shows that consumers want an interactive digital financial coach, but most are still stuck with static online banking. Discover how the industry’s most innovative companies are using AI and machine learning to build financial solutions and apps to attract and engage today’s evolvin…

Envestnet closes FolioDynamix buy

Envestnet said Jan. 2 that it closed its $195 million buy of FolioDynamix. The deal was announced in September. Actua Corp was the seller.

Envestnet to buy FolioDynamix for $195 mln

Envestnet said Sept. 25 that it will buy FolioDynamix for $195 million. Actua Corp is the seller. FolioDynamix, of Secaucus, New Jersey, provides financial institutions, registered investment advisors, and other wealth management clients with technology software. J.P. Morgan Securities LLC provided …

Next-gen banking experiences that customers are demanding now (VB Live)

VB LIVE: The better you understand your users, the more relevant your solutions will be — and the more likely they’ll bank with you instead of the next guy. Learn how AI technology and tools can help you deliver the future-forward financial solutions customers are looking for, when you join this VB …
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