![ENVESTNET, INC. [ENV] reports annual net loss of $245,774,000.0](/_next/image?url=https%3A%2F%2F10kinfo-appdata.s3.us-west-2.amazonaws.com%2Fedgar0105%2FCompanyLogos%2FUS%2FENV.png&w=3840&q=75)
ENVESTNET, INC. [ENV] reports annual net loss of $245,774,000.0
Company Reports Revenue of $1.2 billion
ENVESTNET, INC. [ENV] has reported a net loss of $245,774,000.0 for year ended Dec 31, 2023.
The Company said in a filing before the Securities and Exchange Commission that its total revenue for the year was $1.2 billion
Based in BERWYN, Pennsylvania, ENVESTNET, INC. operates in the SERVICES sector.
In the annual financial report ending December 31, 2023, Envestnet, Inc. reported total revenue of $1.25 billion, compared to $1.24 billion in the previous year and $1.19 billion in the year before that. This indicates a slight increase in revenue over the years.
The cost of goods sold or operating expenses for the year 2023 amounted to $1.45 billion, higher than the $1.31 billion in 2022 and $1.15 billion in 2021. The increase in operating expenses reflects the growth in the company's operations and investments.
