Envestnet Inc (ENV)

Gross profit margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Gross profit (ttm)	US$ in thousands	-263,456	-68,370	-28,334	-7,244	24,573	53,128	64,971	104,244	120,965	711,109	702,332	690,707	664,044	288,747	274,278	255,740	337,253	307,397	434,190	567,772
Revenue (ttm)	US$ in thousands	1,220,482	1,203,270	1,195,211	1,204,198	1,228,321	1,249,802	1,246,160	1,216,033	1,170,413	1,115,334	1,059,684	1,001,841	967,838	946,654	929,058	926,833	882,732	865,270	842,861	819,532
Gross profit margin		-21.59%	-5.68%	-2.37%	-0.60%	2.00%	4.25%	5.21%	8.57%	10.34%	63.76%	66.28%	68.94%	68.61%	30.50%	29.52%	27.59%	38.21%	35.53%	51.51%	69.28%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $-263,456K ÷ $1,220,482K
= -21.59%

Envestnet Inc.'s gross profit margin has shown stability over the past eight quarters, ranging between 61.82% and 63.00%. The company has maintained a healthy level of profitability relative to its cost of goods sold during this period. The slight fluctuations in the gross profit margin from quarter to quarter are within a reasonable range, indicating effective cost management and pricing strategies. Overall, Envestnet Inc. has demonstrated a consistent ability to generate profits from its core operations, showcasing operational efficiency and potentially effective pricing strategies.