Earnings ·
Wealthfront Corporation reported financial results for its fiscal second quarter ended July 31, 2026
WLTHWealthfront Corp
Wealthfront Corporation reported financial results for its fiscal second quarter ended July 31, 2026. Total revenue was $91.9 million, a 1% increase year-over-year, driven by a 12% rise in total platform assets to $99.0 billion. GAAP diluted net income decreased 49% to $17.6 million, and diluted EPS fell to $0.10 from $0.24, primarily due to higher stock-based compensation expense following the recognition of dual-trigger awards after its December 2025 IPO. Adjusted EBITDA declined 15% to $38.1 million with a margin of 41%. The company repurchased approximately $30 million in shares during the quarter and ended with $453 million in cash. Wealthfront operates as a technology-driven financial platform providing automated investing, cash management, and home lending products to digital natives.