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August 5 , 2021 ENVESTNET Envestnet Reports Second Quarter 2021 Financial Results Revenues , adjusted EBITDA and adjusted EPS exceed guidance in Q2 2021 , Raising 2021 Outlook CHICAGO -- ( BUSINESS WIRE ) -- Envestnet ( NYSE : ENV ) , a leading provider of intelligent systems for wealth management and financial wellness , today reported financial results for the three and six months ended June 30 , 2021 . Key Financial Metrics ( in millions except per share data ) GAAP : Total revenues Three months ended June 30 , 2021 2020 % Change Six months ended June 30 , 2021 2020 % Change $ 288.7 $ 235.3 23 % $ 563.8 $ 481.9 17 % Net income ( loss ) $ ( 8.4 ) $ ( 5.5 ) 53 % $ 6.6 $ ( 12.7 ) n / m Net income ( loss ) per diluted share attributable to Envestnet , Inc. $ ( 0.15 ) $ ( 0.09 ) 67 % $ 0.12 $ ( 0.23 ) n / m Non - GAAP : Adjusted revenues ( 1 ) Adjusted EBITDA ( 1 ) Adjusted net income ( 1 ) Adjusted net income per diluted share ( 1 ) n / m not meaningful $ 288.8 $ 235.4 $ 71.1 $ $ $ 55.8 43.5 $ 31.8 0.67 $ 0.59 23 % $ 564.0 $ 482.4 27 % $ 139.3 $ 110.4 37 % $ 85.4 $ 63.0 14 % $ 1.31 $ 1.16 17 % 26 % 36 % 13 % " During the second quarter and first half of 2021 , Envestnet again delivered strong financial results , " said Bill Crager , Chief Executive Officer . " We are executing our investment plan , which we expect to drive consistent , accelerated growth . Additionally , we will continue to utilize our operational expertise and leverage our competitive advantage to create the ecosystem that powers the intelligent financial life , ” concluded Mr. Crager . Financial Results for the Second Quarter of 2021 Asset - based recurring revenues increased 39 % from the second quarter of 2020 , and represented 59 % of total revenues for the second quarter of 2021 compared to 52 % for the second quarter of 2020. Subscription - based recurring revenues increased 7 % from the second quarter of 2020 , and represented 39 % of total revenues for the second quarter of 2021 , compared to 45 % for the second quarter of 2020. Professional services and other non- recurring revenues decreased 24 % from the prior year period . Total revenues increased 23 % to $ 288.7 million for the second quarter of 2021 from $ 235.3 million for the second quarter of 2020 .