For the second quarter of FY2023 (ending June 30, 2023), ENVESTNET ($NYSE:ENV) reported a total revenue of USD 312.4 million, a 2.0% decrease from the same period in the prior year; additionally, their net income was USD -21.4 million, a 8.1% decrease from the same period in the prior year.
GoodWhale conducted an analysis of ENVESTNET‘s wellbeing in terms of its cashflows and debt. After evaluating the data, the company was assigned a Star Chart Health Score of 6/10, indicating it is likely to sustain future operations in times of crisis. Based on this analysis, GoodWhale classified ENVESTNET as a ‘sloth’, which suggests that the company has achieved revenue or earnings growth slower than the overall economy. This type of company may be of interest to investors who are looking for a steady return with minimal risk. Although ENVESTNET is strong in some categories such as medium in growth, profitability and weak in asset, dividend, due to its low risk profile it will be attractive to those investors who are not looking for a higher return but are happy with a steady and consistent return on investment. More…
Risk Rating Analysis
Star Chart Analysis
About the Company
Ownership (Institutional/ Fund Holdings)
Below shows the total revenue, net income and net margin for Envestnet. ENVESTNET_Reports_Total_Revenue_of_USD_312.4_Million_for_2nd_Quarter_of_FY2023_Net_Income_Decreases_8.1_from_Prior_Year”>More…
Income Statement Reports (Yearly/ Quarterly/ LTM)
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Envestnet. ENVESTNET_Reports_Total_Revenue_of_USD_312.4_Million_for_2nd_Quarter_of_FY2023_Net_Income_Decreases_8.1_from_Prior_Year”>More…
Cash Flow Statement (Yearly/ Quarterly/ LTM)
Cash Flow Supplement
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Envestnet. ENVESTNET_Reports_Total_Revenue_of_USD_312.4_Million_for_2nd_Quarter_of_FY2023_Net_Income_Decreases_8.1_from_Prior_Year”>More…
Balance Sheet (Yearly/ Quarterly)
Balance Sheet Supplement
||Book Value Per Share
Key Ratios Snapshot
Some of the financial key ratios for Envestnet are shown below. ENVESTNET_Reports_Total_Revenue_of_USD_312.4_Million_for_2nd_Quarter_of_FY2023_Net_Income_Decreases_8.1_from_Prior_Year”>More…
Income Statement Ratios
Balance Sheet Ratios
Cash Flow Ratios
Other Supplementary Items
|3Y Rev Growth
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The competition between Envestnet Inc and its competitors is fierce. Each company is vying for market share and customer loyalty. Envestnet Inc has a strong product offering and a loyal customer base.
However, its competitors are not to be underestimated. Liquid Holdings Group Inc, Clearwater Analytics Holdings Inc, and Centergistic Solutions Inc are all viable competitors in the market.
– Liquid Holdings Group Inc ($OTCPK:LIQDQ)
Liquid Holdings Group Inc is a financial technology company that provides an integrated suite of cloud-based solutions for the global hedge fund and active trading markets. The company’s solutions include order and execution management, portfolio and risk management, and compliance and reporting. Liquid Holdings Group Inc is headquartered in New York, New York.
– Clearwater Analytics Holdings Inc ($NYSE:CWAN)
Clearwater Analytics Holdings Inc is a provider of cloud-based software solutions for the global insurance industry. The company’s software solutions are used by insurance companies and other financial institutions to manage their investment portfolios, including risk management and compliance. Clearwater’s software solutions are delivered through a software-as-a-service (SaaS) model and are available on a subscription basis.
Envestnet reported a 2.0% decrease in total revenue to USD 312.4 million and an 8.1% decrease in net income to USD -21.4 million for the second quarter of FY2023 (ending June 30, 2023). This could indicate a challenging environment for investing in the company, and could suggest reasons for investors to be cautious or reevaluate their positions in the firm.
However, it is important to take a closer look at Envestnet’s specific financials, as well as its competitors, to determine whether its performance is indicative of a broader trend or simply a temporary setback.
Additionally, investors should consider the potential risks associated with investing in Envestnet, such as the economic outlook and competition. Ultimately, investors must make their own decisions about whether to invest in Envestnet or any other stock.