Revenues and Cost of Revenues (Tables)

12 Months Ended

Dec. 31, 2021

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregation of Revenue by Major Source

The following table presents the Company’s revenues disaggregated by major source:

	Year Ended December 31, 2021
	Envestnet Wealth Solutions		Envestnet Data & Analytics		Consolidated
Revenues:	(in thousands)
Asset-based	$	709,376	$	—	$	709,376
Subscription-based	267,720		186,269		453,989
Total recurring revenues	977,096		186,269		1,163,365
Professional services and other revenues	14,070		9,082		23,152
Total revenues	$	991,166	$	195,351	$	1,186,517

	Year Ended December 31, 2020
	Envestnet Wealth Solutions		Envestnet Data & Analytics		Consolidated
Revenues:	(in thousands)
Asset-based	$	540,947	$	—	$	540,947
Subscription-based	248,810		177,697		426,507
Total recurring revenues	789,757		177,697		967,454
Professional services and other revenues	16,333		14,443		30,776
Total revenues	$	806,090	$	192,140	$	998,230

	Year Ended December 31, 2019
	Envestnet Wealth Solutions		Envestnet Data & Analytics		Consolidated
Revenues:	(in thousands)
Asset-based	$	484,312	$	—	$	484,312
Subscription-based	207,606		171,207		378,813
Total recurring revenues	691,918		171,207		863,125
Professional services and other revenues	17,540		19,462		37,002
Total revenues	$	709,458	$	190,669	$	900,127

Summary of Revenues from Major Customers

One customer accounted for more than 10% of the Company’s total revenues, substantially all of which are included within the Envestnet Wealth Solutions segment:

	Year Ended December 31,
	2021		2020		2019
Fidelity	17	%	15	%	15	%

Schedule of Disaggregation of Revenue by Geography

The following table presents the Company’s revenues disaggregated by geography, based on the billing address of the customer:

	Year Ended December 31,
	2021		2020		2019
	(in thousands)
United States	$	1,166,251	$	977,047	$	871,456
International (1)	20,266		21,183		28,671
Total revenues	$	1,186,517	$	998,230	$	900,127

(1)No foreign country accounted for more than 10% of total revenues.

Schedule of Estimated Revenue Expected to be Recognized in the Future

The following table includes estimated revenue expected to be recognized in the future as of December 31, 2021:

Years ending December 31,	(in thousands)
2022	$	253,848
2023	161,762
2024	88,269
2025	46,173
2026	19,845
Thereafter	4,433
Total	$	574,330

Schedule of Costs of Revenues by Revenue Category

The following table summarizes cost of revenues by revenue category:

	Year Ended December 31,
	2021		2020		2019
	(in thousands)
Asset-based	$	393,717	$	278,569	$	243,913
Subscription-based	29,445		26,934		28,904
Professional services and other	561		426		5,994
Total cost of revenues	$	423,723	$	305,929	$	278,811