Envestnet
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Envestnet

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    • Financial ServicesTechnologyfinancial managementfintechinvestmentplatform

    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. 

    Revenue(FY, 2017)
    $683.7 M
    Market capitalization(2018-06-14)
    $2.7 B
    Enterprise Customers(FY, 2016)
    2.5 K
    Type
    Public
    HQ
    Chicago, US
    Founded
    1999
    Size (employees)
    3,197 (est)
    Website
    envestnet.com
    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
    Show all (11)
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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 (Q1, 2018)

    		198 m

    Gross profit (Q1, 2018)

    		135.1 m

    Gross profit margin (Q1, 2018), %

    		68.2%

    Net income (Q1, 2018)

    		8 m

    EBIT (Q1, 2018)

    		(738 k)

    Market capitalization (14-Jun-2018)

    		2.7 b

    Closing share price (14-Jun-2018)

    		58.8

    Cash (31-Mar-2018)

    		44 m
    Envestnet's current market capitalization is $2.7 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, 2017Q1, 2018

    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 m198 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 m62.9 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 m135.1 m

    Gross profit Margin, %

    		57%56%55%56%60%59%60%70%68%68%69%67%68%
    show all
    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, 2017Q1, 2018

    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 m44 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 m135.5 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 m40 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 m530 m
    show all
    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, 2017Q1, 2018

    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)8 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 m19.5 m

    Accounts Payable

    		6.7 m7.5 m5.2 m6.4 m5.2 m32 k2.6 m124 k865 k(184 k)1.6 m

    Cash From Operating Activities

    		13.8 m25.9 m51.9 m9 m35.5 m(753 k)
    show all
    USDY, 2018

    Financial Leverage

    		2.4 x
    Show all financial metrics

    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
    Show all operating metrics

    Envestnet Acquisitions / Subsidiaries

    Acquired CompanyDateDeal Size
    FolioDynamix January 02, 2018$195 m

    Envestnet Revenue Breakdown

    Embed Graph

    Envestnet revenue breakdown by business segment: 77.4% from Envestnet and 22.6% from Envestnet | Yodlee

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    Competitors

    Kredx
    Financial Services - Private
    Harvest Platform
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    Swell
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    Mirror Labs
    Financial Services - Private
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    Envestnet Online and Social Media Presence

    Embed Graph
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    Envestnet News and Updates

    May 09, 2018

    Envestnet (ENV) Q1 2018 Results - Earnings Call Transcript

    May 08, 2018

    Transforming personal financial management with AI-driven insights (VB Live)

    VB LIVE: Learn how AI and machine learning are helping innovative financial institutions build financial wellness apps that actually attract and engage today’s evolving consumer.
    April 19, 2018

    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…
    April 10, 2018

    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…
    March 28, 2018

    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…
    January 03, 2018

    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.
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