Envestnet Q1 revenue $325M (+9% YoY), net income $2.5M vs loss; adj. EPS $0.60

ENVESTNET, INC.

2024-Q1 EPS reported $0.05 revenue$324,950,000

Total revenue $325.0M, up 9% YoY from $298.7M; asset-based recurring revenue up 15% to 62% of total.
Net income attributable to Envestnet $2.5M ($0.05 diluted EPS) vs net loss of $41.2M ($0.76 loss) a year ago.
Adjusted EBITDA $70.4M, up 30% YoY; adjusted net income $39.4M ($0.60 per diluted share), up 31%.
Free cash flow improved to negative $19.9M from negative $61.7M a year ago, a 68% improvement.
Debt of $892.5M; $500M revolver undrawn; cash and equivalents $61.2M as of March 31, 2024.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

ENVESTNET, INC. reported the three months ended March 31, 2024 results: revenue $325.0, net income $2.5, EPS $0.05 per diluted share.

Period: the three months ended March 31, 2024
Revenue: $325.0
Net income: $2.5
EPS: $0.05 per diluted share
Result: reported results

Exact text from the filing

for the three months ended March 31, 2024. Three months ended Key Financial Metrics March 31, % (in millions, except per share data) 2024 2023 Change GAAP: Total revenue $ 325.0 $ 298.7 9 % Net income (loss) attributable to Envestnet, Inc. $ 2.5 $ (41.2) 106 % Net income (loss) attributable to Envestnet, Inc. per diluted share $ 0.05 $ (0.76) 107 %

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Source: SEC EDGAR

accession 0001337619-24-000008

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