Drew Barrymore and Will Kopelman have spoken out on their split.

Just one day after ET confirmed that the 41-year-old actress and her art consultant husband called it quits after three years of marriage, the two released a joint statement regarding their separation.

PHOTOS: Drew Barrymore Split: 7 Things She's Said About Love & Marriage

"Sadly our family is separating legally, although we do not feel this takes away from us being a family," they said in a statement to People. "Divorce might make one feel like a failure, but eventually you start to find grace in the idea that life goes on."

Click here to subscribe to FOX411’s YouTube channel

The pair also spoke out regarding their two daughters, Olive, 3, and Frankie, 1.

"Our children are our universe, and we look forward to living the rest of our lives with them as the first priority," they explained.

A source told ET on Friday that a talk of a separation had been going on since October 2015, though no papers had been filed at the time.

Barrymore and Kopelman, who started dating in early 2011, held their nuptials at the "Miss You Already" star's Montecito, California, estate in June 2012.

This marks the third divorce for Barrymore. She was previously married to her "Charlie's Angels" co-star, Tom Green, for five months in 2001. She also wed Jeremy Thomas, a Los Angeles bar owner, when she was age 19. The two said "I Do" in May 1994 and divorced two months later.

ET has reached out to Barrymore's rep for comment.