Quarterly ResultJun 12, 2026, 04:32 PM
Wealthfront Corp. Q1 Net Income Falls to $12.8M on $90.5M Revenue
AI Summary
Wealthfront Corporation filed its quarterly report on Form 10-Q for the period ending April 30, 2026. The company reported a decrease in net income to $12.83 million from $25.95 million in the prior year, while total revenue increased to $90.48 million from $84.51 million. Key expense areas like product development and general/administrative saw significant increases. The company also noted a substantial increase in investment advisory revenue.
Key Highlights
- Wealthfront Corporation reported net income of $12.83 million for the three months ended April 30, 2026, a decrease from $25.95 million in the same period last year.
- Total revenue increased to $90.48 million for the three months ended April 30, 2026, up from $84.51 million in the prior year period.
- Investment advisory revenue saw a significant increase to $26.24 million from $19.87 million year-over-year.
- Product development expenses rose to $33.72 million from $20.23 million year-over-year.
- General and administrative expenses increased to $16.92 million from $9.87 million year-over-year.
- Basic earnings per share decreased to $0.08 from $0.64 year-over-year.
- Diluted earnings per share decreased to $0.07 from $0.18 year-over-year.
Price Impact
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