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Envestnet

Financial ServicesTechnologyfinancial managementfintechinvestmentplatform

Envestnet, Inc. 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. 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.

Revenue(Q1, 2017)
$157.8 M
Market capitalization(2017-08-17)
$1.9 B
Users(FY, 2016)
22 M
Company Growth (employees)
Type
Public
HQ
Chicago, US
Founded
1999
Size (employees)
3,197 (est)+20%
Website
envestnet.com
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

Envestnet Data and Metrics

Envestnet Financial Metrics

Envestnet's revenue was reported to be $157.8 m in Q1, 2017
USD

Revenue (Q1, 2017)

157.8 m

Gross profit (Q1, 2017)

108.6 m

Gross profit margin (Q1, 2017), %

69%

Net income (Q1, 2017)

(13.1 m)

EBIT (Q1, 2017)

(3.4 m)

Market capitalization (17-Aug-2017)

1.9 b

Cash (31-Mar-2017)

39.5 m
Envestnet's current market capitalization is $1.9 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%

Sales and marketing expense

241.6 m

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 m(16.6 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)
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

84.8 m88.6 m96.5 m102.7 m103.4 m131.8 m141.7 m149.2 m157.8 m

Cost of goods sold

38 m39.1 m38.7 m42.5 m41 m40.2 m44.9 m47.3 m49.2 m

Gross profit

46.9 m49.5 m57.8 m60.2 m62.3 m91.7 m96.8 m101.9 m108.6 m

Gross profit Margin, %

55%56%60%59%60%70%68%68%69%

Sales and marketing expense

25.2 m25.8 m31.5 m32 m32.7 m62.6 m57.7 m60.3 m65.5 m

Operating expense total

25.2 m25.8 m31.5 m32 m32.7 m62.6 m57.7 m60.3 m65.5 m

EBIT

4.2 m6 m6.7 m6.5 m8.3 m(12.8 m)(6.3 m)(1.3 m)(3.4 m)

EBIT margin, %

5%7%7%6%8%(10%)(4%)(1%)(2%)

Pre tax profit

6 m5.9 m4.5 m4.2 m6 m(16.7 m)(11.2 m)(5.7 m)

Income tax expense

2.4 m2.2 m2 m1.7 m2.7 m(5.7 m)(3.2 m)(1.7 m)4.3 m

Net Income

3.7 m3.8 m2.5 m2.5 m3.3 m(11 m)(7.9 m)(4.1 m)(13.1 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

Total Liabilities

458.2 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
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

64.5 m105.9 m209.9 m198.9 m208.3 m36.6 m38.5 m50.7 m39.5 m

Current Assets

99.7 m141.2 m260.8 m253.4 m259.2 m94.9 m111.6 m112.9 m104.4 m

PP&E

14.6 m16.4 m17.1 m18.3 m18.5 m27.1 m28.7 m32.6 m33.5 m

Goodwill

74.9 m77.9 m105 m126.4 m134.8 m426.7 m423.5 m422.6 m432.3 m

Total Assets

240.4 m287.5 m458.8 m485.6 m497.7 m856.2 m860.9 m870 m854.1 m

Accounts Payable

6.7 m7.5 m5.2 m6.4 m5.2 m10.4 m15.9 m10.5 m12.6 m

Current Liabilities

53 m88.2 m65.1 m70.1 m69.8 m102.6 m107.3 m135.6 m171.7 m

Additional Paid-in Capital

202.7 m208.8 m252.5 m271 m278.5 m486.7 m495.3 m504.5 m526.3 m

Retained Earnings

(26.9 m)(23.1 m)(16.9 m)(14.4 m)(11.1 m)(26 m)(33.9 m)(38 m)(83.7 m)

Total Equity

163.7 m173.3 m216.7 m237.6 m248 m434 m431.7 m435.5 m403.5 m

Financial Leverage

1.5 x1.7 x2.1 x2 x2 x2 x2 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)
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

3.7 m3.8 m2.5 m2.5 m3.3 m(11 m)(7.9 m)(4.1 m)(13.1 m)

Depreciation and Amortization

4.6 m4.3 m5.3 m5.7 m6.2 m16.1 m17.1 m16.7 m15.8 m

Accounts Payable

6.7 m7.5 m5.2 m6.4 m5.2 m10.4 m15.9 m10.5 m12.6 m
USDY, 2017

Revenue/Employee

53.8 k

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

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

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

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

Market Position of Envestnet

Competitors

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Technology - Private
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Traffic Overview of Envestnet

Envestnet Online and Social Media Presence

Envestnet News and Updates

August 30, 2016

The new lending paradigm: How 3 key technologies are capturing the lending market (VB Live)

VB LIVE: New lending technologies are transforming the borrowing process and we’re now seeing the retail lending space become a key battleground between traditional financial service providers and more nimble fintech companies. Join leaders from Kabbage, Herio Capital, Indus Insights, and Envestnet …

Envestnet Company Life and Culture

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