secwatch.observer — SEC 8-K summary
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Issuer:     ENVESTNET, INC. (—)
CIK:        0001337619
Form:       8-K
Filed at:   2024-05-07T23:59:59+00:00
Accession:  0001337619-24-000008
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1337619/000133761924000008/0001337619-24-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1337619/000133761924000008/env-20240507.htm
  HTML page:      https://secwatch.observer/filing/0001337619-24-000008

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer