---
schema_version: "secwatch.filing_event.v1"
accession: "0001337619-24-000008"
form_type: "8-K"
ticker: null
cik: "0001337619"
company_name: "ENVESTNET, INC."
filed_at: "2024-05-07T23:59:59+00:00"
generated_at: "2026-06-02T16:56:06.937235+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001337619-24-000008
- form_type: 8-K
- cik: 0001337619
- company_name: ENVESTNET, INC.
- filed_at: 2024-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1337619/000133761924000008/0001337619-24-000008-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1337619/000133761924000008/env-20240507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001337619-24-000008
- JSON: https://secwatch.observer/filing/0001337619-24-000008.json
- Plain text: https://secwatch.observer/filing/0001337619-24-000008.txt

## Key facts
- Earnings Releases
  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
  source text: 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 %
  evidence_url: https://www.sec.gov/Archives/edgar/data/1337619/000133761924000008/0001337619-24-000008-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.