Quarterly ResultJun 4, 2026, 04:24 PM
Wealthfront Q1 Revenue $90.5M (+7% YoY); Platform Assets $96.6B (+19% YoY)
AI Summary
Wealthfront Corporation announced its fiscal first quarter 2027 financial results, reporting a 7% year-over-year increase in revenue to $90.5 million and record Total Platform Assets of $96.6 billion, up 19% YoY. While Investment Advisory Assets saw significant growth, Cash Management Assets experienced slower growth. GAAP diluted EPS decreased to $0.07 due to higher stock-based compensation, and Adjusted EBITDA saw a slight decline. The company also highlighted its inaugural share repurchase program, completing opportunistic buybacks of over 3 million shares.
Key Highlights
- Wealthfront reported Q1 2027 revenue of $90.5 million, a 7% increase year-over-year.
- Total Platform Assets reached a record $96.6 billion, up 19% year-over-year.
- Investment Advisory Assets grew 39% year-over-year to $51.7 billion.
- Cash Management Assets grew 3% year-over-year to $44.9 billion.
- GAAP diluted EPS was $0.07, down from $0.18 in the prior year quarter, primarily due to higher stock-based compensation.
- Adjusted EBITDA was $37.5 million, down 1% year-over-year.
- Adjusted free cash flow was $42.7 million, up 1% year-over-year.
- The company repurchased over 3 million shares for approximately $27 million in the quarter.
Price Impact
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