Wealthfront's first public quarterly: 7% revenue growth, but net income halved by IPO costs

Filed June 11, 2026 · Period ending April 30, 2026 · ~2 min read

Key Changes

• high

  Q1 FY2027 revenue rose 7% YoY to $90.5M driven by 32% growth in investment advisory fees, but net income fell 51% to $12.8M as $17.1M in stock-based comp hit post-IPO. Company returned to losses in FY2026 ($42.1M) after two profitable years.

  MD&A: Financial Results verify on EDGAR →
• high

  Net deposits plunged 69% YoY to $0.6B as cash management saw $0.5B outflows due to tax seasonality and Fed rate cuts. Investment advisory deposits surged 141% to $1.0B as clients shifted from cash to equities. Platform assets up 19% to $96.6B.

  MD&A: Client Growth verify on EDGAR →
• high

  December 2025 IPO raised $282.1M at $14/share; company now holds $428.2M cash. Board authorized $100M buyback in March 2026; $27.1M deployed at $8.66/share average (38% below IPO price) through April 30.

  MD&A: Capital Allocation verify on EDGAR →