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Wealthfront Corp. Financials

WLTH
Source SEC Filings (10-K/10-Q) Data as of Apr 30, 2026 Currency USD FYE January

This page shows Wealthfront Corp. (WLTH) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 3 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI WLTH FY2026

Stable around 90.0% gross margins show the core engine stayed intact while FY2026 spending and recapitalization rewired reported results.

From FY2025 to FY2026, gross margin barely moved, from 90.0% to 89.6%, even as earnings swung from profit to loss. Operating cash flow still increased from $123.2M to $152.2M, which suggests the FY2026 loss reflected pressure from spending and accounting below gross profit more than a weakening in the underlying revenue model.

The direct cost structure stayed unusually light across all three years, leaving the business highly gross-profitable and making overhead allocation the real swing factor rather than product-level cost inflation. In FY2026, research and development alone rose to $212.4M, showing that management can change reported profitability much faster through operating spend than through changes in service delivery costs.

The balance sheet also changed character in FY2026: cash climbed to $428.2M while liabilities fell sharply, so the company was less dependent on balance-sheet leverage when earnings turned negative and more able to absorb that volatility internally. That shift shows up in debt-to-equity falling to 1.6x from 31.7x, a rare case where a loss year coincided with a much stronger capital cushion.

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Financial Health Signals

Financial health score pending refresh

We are recalculating Wealthfront Corp.'s peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The signals and metrics below are current.

Piotroski F-Score Partial
4/8

Wealthfront Corp. passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Mixed
-3.62x

For every $1 of reported earnings, Wealthfront Corp. generates $-3.62 in operating cash flow ($152.2M OCF vs -$42.1M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

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Earnings & Revenue

Revenue
$365.0M
YoY+18.2%

Wealthfront Corp. generated $365.0M in revenue in fiscal year 2026. This represents an increase of 18.2% from the prior year.

EBITDA
N/A
Net Income
-$42.1M
YoY-121.6%

Wealthfront Corp. reported -$42.1M in net income in fiscal year 2026. This represents a decrease of 121.6% from the prior year.

EPS (Diluted)
$-0.76
YoY-158.0%

Wealthfront Corp. earned $-0.76 per diluted share (EPS) in fiscal year 2026. This represents a decrease of 158.0% from the prior year.

Cash & Balance Sheet

Free Cash Flow
N/A
Cash & Debt
$428.2M
YoY+134.2%

Wealthfront Corp. held $428.2M in cash against $0 in long-term debt as of fiscal year 2026.

Dividends Per Share
N/A
Shares Outstanding
150M
YoY-0.4%

Wealthfront Corp. had 150M shares outstanding in fiscal year 2026. This represents a decrease of 0.4% from the prior year.

Margins & Returns

Gross Margin
89.6%
YoY-0.4pp

Wealthfront Corp.'s gross margin was 89.6% in fiscal year 2026, indicating the percentage of revenue retained after direct costs. This is down 0.4 percentage points from the prior year.

Operating Margin
N/A
Net Margin
-11.5%
YoY-74.5pp

Wealthfront Corp.'s net profit margin was -11.5% in fiscal year 2026, showing the share of revenue converted to profit. This is down 74.5 percentage points from the prior year.

Return on Equity
-6.9%
YoY-455.7pp

Wealthfront Corp.'s ROE was -6.9% in fiscal year 2026, measuring profit generated per dollar of shareholder equity. This is down 455.7 percentage points from the prior year.

Capital Allocation

R&D Spending
$212.4M
YoY+229.3%

Wealthfront Corp. invested $212.4M in research and development in fiscal year 2026. This represents an increase of 229.3% from the prior year.

Share Buybacks
$459K
YoY-98.8%

Wealthfront Corp. spent $459K on share buybacks in fiscal year 2026, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 98.8% from the prior year.

Capital Expenditures
N/A

WLTH Income Statement

Metric Q1'27 Q4'26 Q3'26 Q1'26 Q4'25 Q3'25
Revenue $90.5M N/A $93.2M+10.3% $84.5M N/A $80.3M
Cost of Revenue $10.0M N/A $10.2M+17.4% $8.7M N/A $8.0M
Gross Profit $80.5M N/A $83.0M+9.5% $75.8M N/A $72.3M
R&D Expenses $33.7M N/A $20.9M+3.4% $20.2M N/A $17.1M
SG&A Expenses $16.9M N/A $15.4M+56.1% $9.9M N/A $7.4M
Operating Income N/A N/A N/A N/A N/A N/A
Interest Expense $252K N/A $217K+223.9% $67K N/A $1.0M
Income Tax $4.6M N/A $3.8M-52.9% $8.2M N/A -$519K
Net Income $12.8M N/A $30.9M+19.1% $25.9M N/A $30.0M
EPS (Diluted) $0.07 N/A $0.21+16.7% $0.18 N/A $0.22

WLTH Balance Sheet

Metric Q1'27 Q4'26 Q3'26 Q1'26 Q4'25 Q3'25
Total Assets $1.6B+14.4% $1.4B+74.6% $810.6M N/A $435.2M N/A
Current Assets $1.5B+16.4% $1.3B+71.8% $742.8M N/A $346.4M N/A
Cash & Equivalents $428.2M-2.9% $440.8M+65.6% $266.2M+45.6% $182.9M+28.0% $142.9M+7.5% $132.9M
Inventory N/A N/A N/A N/A N/A N/A
Accounts Receivable $29.8M-10.2% $33.1M+3.3% $32.1M N/A $29.1M N/A
Goodwill N/A N/A N/A N/A N/A N/A
Total Liabilities $1.0B+25.6% $801.0M+16.9% $685.3M N/A $419.9M N/A
Current Liabilities $998.9M+26.0% $792.8M+79.8% $440.8M N/A $173.2M N/A
Long-Term Debt N/A N/A N/A N/A N/A N/A
Total Equity $614.2M-0.1% $614.7M+390.3% $125.4M+189.4% $43.3M+182.4% $15.3M+149.6% -$30.9M
Retained Earnings -$129.2M+9.0% -$142.0M-1601.4% -$8.3M N/A -$99.9M N/A

WLTH Cash Flow Statement

Metric Q1'27 Q4'26 Q3'26 Q1'26 Q4'25 Q3'25
Operating Cash Flow $22.7M-31.9% $33.3M N/A $38.5M+93.2% $19.9M N/A
Capital Expenditures N/A N/A N/A N/A N/A N/A
Free Cash Flow N/A N/A N/A N/A N/A N/A
Investing Cash Flow -$985K-219.8% -$308K N/A -$211K+77.7% -$946K N/A
Financing Cash Flow -$30.8M-121.8% $141.3M N/A $156K+101.9% -$8.2M N/A
Dividends Paid N/A N/A N/A N/A N/A N/A
Share Buybacks $28.3M+14467.5% $194K N/A $213K-98.4% $13.6M N/A

WLTH Financial Ratios

Metric Q1'27 Q4'26 Q3'26 Q1'26 Q4'25 Q3'25
Gross Margin 89.0% N/A 89.1%-0.7pp 89.7% N/A 90.0%
Operating Margin N/A N/A N/A N/A N/A N/A
Net Margin 14.2% N/A 33.1%+2.5pp 30.7% N/A 37.4%
Return on Equity 2.1% N/A 24.6%-35.3pp 59.9% N/A N/A
Return on Assets 0.8% N/A 3.8% N/A N/A N/A
Current Ratio 1.49-0.1 1.61-0.1 1.68 N/A 2.00 N/A
Debt-to-Equity 1.64+0.3 1.30-4.2 5.47 N/A 27.37 N/A
FCF Margin N/A N/A N/A N/A N/A N/A

Frequently Asked Questions

Wealthfront Corp. (WLTH) reported $365.0M in total revenue for fiscal year 2026. This represents a 18.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

Wealthfront Corp. (WLTH) revenue grew by 18.2% year-over-year, from $308.9M to $365.0M in fiscal year 2026.

No, Wealthfront Corp. (WLTH) reported a net income of -$42.1M in fiscal year 2026, with a net profit margin of -11.5%.

Wealthfront Corp. (WLTH) reported diluted earnings per share of $-0.76 for fiscal year 2026. This represents a -158.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Wealthfront Corp. (WLTH) had a gross margin of 89.6% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.

Wealthfront Corp. (WLTH) had a net profit margin of -11.5% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.

Wealthfront Corp. (WLTH) has a return on equity of -6.9% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.

Wealthfront Corp. (WLTH) generated $152.2M in operating cash flow during fiscal year 2026, representing cash generated from core business activities.

Wealthfront Corp. (WLTH) had $1.6B in total assets as of fiscal year 2026, including both current and long-term assets.

Wealthfront Corp. (WLTH) invested $212.4M in research and development during fiscal year 2026.

Yes, Wealthfront Corp. (WLTH) spent $459K on share buybacks during fiscal year 2026, returning capital to shareholders by reducing shares outstanding.

Wealthfront Corp. (WLTH) had 150M shares outstanding as of fiscal year 2026.

Wealthfront Corp. (WLTH) had a current ratio of 1.49 as of fiscal year 2026, which is considered adequate.

Wealthfront Corp. (WLTH) had a debt-to-equity ratio of 1.64 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.

Wealthfront Corp. (WLTH) had a return on assets of -2.6% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.

Wealthfront Corp. (WLTH) has a Piotroski F-Score of 4 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Wealthfront Corp. (WLTH) has an earnings quality ratio of -3.62x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

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