WLTH · Wealthfront Corp
Price & Indicators
The closing range uses available history since Dec 15, 2025; less than a full year is stored.
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Metrics snapshot
Useful current figures from the complete screener profile.
AI Brief
Q2 FY27 earnings call · Sep 9, 2026TL;DR. Wealthfront surpassed $100B in Total Platform Assets by August and delivered $1.1B in net deposits in Q2 driven by Investment Advisory, while expanding Wealthfront Home Lending to Texas and California with more states planned; however, Adjusted EBITDA fell 15% YoY to $38.1M with margin down 8 points, cash management revenue fell 10% YoY on a lower fee rate, and 2023/2024 cohorts lagged. The company also flagged $3–$3.5M in one-time employer tax expense expected next quarter.
- + Total Platform Assets surpassed $100B as of end of August, doubling in less than three years
- + Generated $1.1B in Total Net Deposits in Q2'27, driven by $1.1B from Investment Advisory
- + Investment Advisory Assets up 30% YoY to $54.1B and Investment Advisory revenue up 31% YoY
- + Funded clients up 14% YoY to 1.5M and funded accounts up 15% YoY to 1.97M
- + Expanded Wealthfront Home Lending to Texas (May) and California (August), with four more states (Washington, Florida, Illinois, Oregon) planned
- − Cash Management revenue fell 10% YoY to $61.8M on a 6 bps fee rate decline to 55 bps
- − 2023 and 2024 client cohorts have lagged on cross-product adoption, pressuring cash flows
- − Expect $3–$3.5M one-time employer tax expense next quarter tied to option exercises ahead of September deadline
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders NeutralIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Cash management assets (off-balance sheet), end of the period | 44.86B | Three Months Ended July 31, 2026 filing | — |
| Investment advisory assets (off-balance sheet), end of the period | 54.13B | Three Months Ended July 31, 2026 filing | — |
| Adjusted EBITDA non-GAAP | 38.07M | Three Months Ended July 31, 2026 | — |
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GAAP → non-GAAP reconciliationGAAP Net income (loss) 17.75M
+255K Interest expense
+2.64M Provision for (benefit from) income taxes
+1.24M Depreciation and amortization of property, software, and equipment, net
+16.43M Stock-based compensation expense
-255K Change in fair value of warrant liabilities and SAFEs
= Adjusted EBITDA 38.07M
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| Adjusted EBITDA margin non-GAAP | 41% | Three Months Ended July 31, 2026 | — |
| Adjusted free cash flow non-GAAP | 28.29M | Three Months Ended July 31, 2026 | — |
GAAP → non-GAAP reconciliationGAAP Net cash provided by operating activities 47.31M
-268K Less: Capital expenditures
-18.75M Add: Change in temporary client funding receivables
= Adjusted free cash flow 28.29M
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| Adjusted free cash flow conversion non-GAAP | 74% | Three Months Ended July 31, 2026 | — |
| Adjusted operating expenses non-GAAP | $58.7M | Q2'27 | — |
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| Annualized cash management fee rate | 0.55% | Q2 FY2027 | +0.0% |
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| Annualized investment advisory fee rate | 0.22% | Q2 FY2027 | +0.0% |
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| Cash Management Assets | 44.9B | Fiscal Second Quarter 2027 | — |
| Cash management net deposits | -$26M | Q2 FY2027 | — |
| Corporate cash & cash equivalents | $453.3M | Q2'27 | — |
| Funded Accounts | 1.97M | Fiscal Second Quarter 2027 | — |
| Funded Clients | 1.5M | Fiscal Second Quarter 2027 | — |
| Investment Advisory Assets | 54.1B | Fiscal Second Quarter 2027 | — |
| Investment advisory net deposits | $1.08B | Q2 FY2027 | — |
| LTM FCF conversion non-GAAP | 88% | Q2'27 | — |
| Net deposits | $1.05B | Q2 FY2027 | +0.0% |
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| Platform assets | $98.99B | Three Months Ended July 31, 2026 | — |
| Rule of 40 non-GAAP | 42% | Q2'27 | — |
| Share repurchases | $30M | Q2'27 | — |
| Total available liquidity | $703.3M | Q2'27 | — |
| Total Net Deposits | 1.1B | Fiscal Second Quarter 2027 | — |
| Total Platform Assets | 99B | Fiscal Second Quarter 2027 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Software - Application — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
WLTH
this stock
Wealthfront Corp
|
$1.59B | -23.6% | +18.2% | — | 6.1% |
|
QH
QUHUO Ltd
|
$350.35B | +242.6% | +59.7% | — | 0.0% |
|
SAP
Sap SE
|
$243.17B | -14.2% | — | — | 0.4% |
|
CRM
Salesforce, Inc.
|
$191.79B | -13.3% | +25.9% | 21.3 | 3.9% |
|
SHOP
Shopify Inc.
|
$183.03B | -7.9% | +30.1% | 95.5 | 1.3% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| WLTH | +5.5% | +17.2% | +3.0% | +12.7% | -23.6% |
| SPY | -0.7% | +0.1% | +12.2% | -0.6% | +11.8% |
| vs SPY | +6.2% | +17.1% | -9.2% | +13.3% | -35.5% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.