v3.22.2.2
Revenue and Cost of Revenues (Tables)
 9 Months Ended
Sep. 30, 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 September 30,
 20222021
 Envestnet Wealth SolutionsEnvestnet Data & AnalyticsConsolidatedEnvestnet Wealth SolutionsEnvestnet Data & AnalyticsConsolidated
(in thousands)
Revenues:      
Asset-based$177,131 $— $177,131 $184,008 $— $184,008 
Subscription-based75,975 47,772 123,747 66,988 46,584 113,572 
Total recurring revenues253,106 47,772 300,878 250,996 46,584 297,580 
Professional services and other revenues4,229 1,588 5,817 3,738 1,735 5,473 
Total revenues$257,335 $49,360 $306,695 $254,734 $48,319 $303,053 

 Nine Months Ended September 30,
 20222021
 Envestnet Wealth SolutionsEnvestnet Data & AnalyticsConsolidatedEnvestnet Wealth SolutionsEnvestnet Data & AnalyticsConsolidated
(in thousands)
Revenues:      
Asset-based$571,820 $— $571,820 $513,458 $— $513,458 
Subscription-based218,080 138,521 356,601 197,663 138,242 335,905 
Total recurring revenues789,900 138,521 928,421 711,121 138,242 849,363 
Professional services and other revenues13,003 5,486 18,489 10,320 7,213 17,533 
Total revenues$802,903 $144,007 $946,910 $721,441 $145,455 $866,896 
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 EndedNine Months Ended
 September 30,September 30,
 2022202120222021
(in thousands)
United States$300,465 $298,022 $931,465 $851,683 
International6,230 5,031 15,445 15,213 
Total revenues$306,695 $303,053 $946,910 $866,896 
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 September 30, 2022: 

Years ending December 31,(in thousands)
Remainder of 2022$73,189 
2023212,908 
2024126,098 
202573,464 
202640,655 
Thereafter16,890 
Total$543,204 
Schedule of Costs of Revenues by Revenue Category
The following table summarizes cost of revenues by revenue category:
 Three Months EndedNine Months Ended
 September 30,September 30,
 2022202120222021
(in thousands)
Asset-based$102,409 $102,298 $332,138 $281,829 
Subscription-based7,768 7,355 22,820 20,986 
Professional services and other(69)183 6,914 384 
Total cost of revenues$110,108 $109,836 $361,872 $303,199