Revenue and Cost of Revenues (Tables)

3 Months Ended

Mar. 31, 2022

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:

	Three Months Ended March 31,
	2022						2021
	Envestnet Wealth Solutions		Envestnet Data & Analytics		Consolidated		Envestnet Wealth Solutions		Envestnet Data & Analytics		Consolidated
	(in thousands)
Revenues:
Asset-based	$	202,717	$	—	$	202,717	$	159,375	$	—	$	159,375
Subscription-based	68,537		46,197		114,734		64,012		45,817		109,829
Total recurring revenues	271,254		46,197		317,451		223,387		45,817		269,204
Professional services and other revenues	2,314		1,598		3,912		3,023		2,878		5,901
Total revenues	$	273,568	$	47,795	$	321,363	$	226,410	$	48,695	$	275,105

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:

		Three Months Ended
		March 31,
		2022		2021
	(in thousands)
United States		$	316,729	$	270,072
International		4,634		5,033
Total revenues		$	321,363	$	275,105

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 March 31, 2022: 

Years ending December 31,	(in thousands)
Remainder of 2022	$	201,257
2023	178,329
2024	102,504
2025	57,142
2026	29,564
Thereafter	6,878
Total	$	575,674

Schedule of Costs of Revenues by Revenue Category

The following table summarizes cost of revenues by revenue category:

		Three Months Ended
		March 31,
		2022		2021
	(in thousands)
Asset-based		$	117,428	$	86,190
Subscription-based		7,811		6,604
Professional services and other		43		75
Total cost of revenues		$	125,282	$	92,869