Enfusion, Inc.
enfusion.comNo Longer Reporting
The company has not filed an annual or quarterly report since its FY2024 10-K, filed Mar 3, 2025. Its latest SEC filing is a SCHEDULE 13G/A from May 15, 2025.
10-K for FY2024, filed Mar 3, 2025
The sections below describe the company as of the FY2024 annual report.
What Did They Do?
Provides cloud-based investment management software and managed services for alternative and institutional investment managers, including hedge funds, asset managers, family offices and mutual funds.
10-K for FY2024, filed Mar 3, 2025Enfusion is a global, high-growth, software-as-a-service (“SaaS”), provider focused on transforming the investment management industry. The…View ↗
Enfusion’s comprehensive solution cohesively addresses the core components of the investment lifecycle. Our portfolio management system…View ↗
In addition to facilitating the full investment lifecycle, our robust and agile solution allows us to serve a diverse client base that…View ↗
Technology-Powered, Managed Services: We offer access to technology-powered, managed services designed to maximize the power of the…View ↗
How Did They Make Money?
Investment managers pay subscription fees for access to Enfusion’s software and for managed services. They are billed monthly, typically at each month’s end, and invoices are generally due within 30 days.
10-K for FY2024, filed Mar 3, 2025We derive the vast majority of our total revenues (99.3%, 99.3%, and 98.9% for the years ended December 31, 2024, 2023, and 2022…View ↗
Our typical contract has an initial term of two or three years and generally auto-renews for one or two-year terms upon the completion of…View ↗
The Company recognizes revenue in accordance with Accounting Standards Codification 606 (“ASC 606”), Revenue from Contracts with Customers.…View ↗
Platform subscriptions revenues consist primarily of user fees to provide our clients access to our cloud-based solution. Fees consider…View ↗
Managed services revenues primarily consist of client-selected middle- and back-office, technology-powered services. Managed services…View ↗
$201.6M
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10-K for FY2024, filed Mar 3, 2025
$201.6M ↗
Who Were Their Customers?
Alternative investment managers, such as hedge funds and family offices, and institutional managers, such as traditional asset managers and mutual funds, use Enfusion’s platform. The company serves these clients directly through dedicated account managers and support teams.
10-K for FY2024, filed Mar 3, 2025In addition to facilitating the full investment lifecycle, our robust and agile solution allows us to serve a diverse client base that…View ↗
Our client-centric approach is embedded in the operating ethos across Enfusion. Our most important goal is to hold a high standard that…View ↗
Additionally, our solution’s nimble, single-codebase architecture allows us to dedicate resources to our clients holistically, driving a…View ↗
Did Revenues Turn Into Profits?
Yes. It kept 1 cent of every revenue dollar as net income in FY2024 and turned 15 cents into free cash flow.
10-K for FY2024, filed Mar 3, 2025
$6.2MView ↗
10-K for FY2024, filed Mar 3, 2025
$2.8MView ↗
10-K for FY2024, filed Mar 3, 2025
$31MView ↗
How Were They Changing?
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Apr 21, 2025
Clearwater completed its acquisition of Enfusion
Enfusion became part of Clearwater through the merger, with shareholders receiving cash, Clearwater shares, or a mix of both, subject to the merger terms.
Sources
8-K, filed Apr 21, 2025
Completion of Acquisition or Disposition of Assets.View ↗
Grew. Revenue grew 2.5x in 4 years, from $79.6M in FY2020 to $201.6M in FY2024, about 26% a year.
Who Did They Compete With?
Competes with Blackrock’s Aladdin, Broadridge, State Street Alpha, SS&C, SimCorp, Bloomberg AIM, LayerOne, and Coremont
10-K for FY2024, filed Mar 3, 2025Incumbents such as Blackrock’s Aladdin, Broadridge, State Street Alpha, SS&C, SimCorp, Bloomberg AIM, LayerOne and Coremont may provide…View ↗
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