Recent Updates — WLTH

The Board of Directors approved an additional $150.0 million to repurchase common stock, increasing the existing program originally authorized in March 2026. Approximately $18.3 million remained available under the prior authorization as of October 20, 2026. Repurchases may be executed via open market transactions or privately negotiated deals at management's discretion. Wealthfront operates in the financial technology sector, providing automated digital investment and wealth management services.

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.