revenue $90.5M, net income $12.8M. Wealthfront Q1: Net income falls 51% as post-IPO equity comp surges; buyback under new up to program

Filed June 12, 2026 · Period ending April 30, 2026 · ~2 min read

Key Changes

• high

  Net income dropped 51% year-over-year to $12.8M (14% margin) as stock-based compensation jumped from $1.9M to $17.1M following December 2025 IPO. Performance-based equity awards began vesting post-IPO, driving $15.2M of the increase.

  MD&A: Profitability verify on EDGAR →
• high

  Full-year FY2026 posted a $42.1M net loss despite quarterly profitability, driven by the large one-time IPO equity-comp charge now amortizing — reframing the company as run-rate profitable with that charge behind it, not as a newly profitable issuer.

  Risk Factors: Recent net loss verify on EDGAR →
• high

  Board authorized a up to $100M buyback in March 2026; cash used for common-stock repurchases in Q1 was $28.3M (MD&A program narrative rounds to $28.3M / 3.1M shares at $8.66, below the $14 IPO price), leaving ~$72.9M of authorization. Separately paid $4.7M for tax withholding on vesting equity awards.

  MD&A: Share Repurchase verify on EDGAR →