Quarterly ResultJun 4, 2026, 04:06 PM
Wealthfront Q1 Revenue $90.5M, Assets $96.6B; Repurchases $27M
AI Summary
Wealthfront Corporation announced its fiscal first quarter 2027 results, reporting a 7% year-over-year increase in total revenue to $90.5 million and a record $96.6 billion in Total Platform Assets, up 19% year-over-year. Despite this growth, GAAP diluted net income fell 51% to $12.8 million, and diluted EPS decreased 61% to $0.07, primarily due to higher stock-based compensation expense from dual-trigger stock awards following the IPO. The company also initiated its inaugural share repurchase program, buying back over 3 million shares for more than $27 million, and launched significant product enhancements including Wealthfront Home Lending in new states and a cross-product adoption incentive.
Key Highlights
- Wealthfront repurchased over 3 million shares for over $27 million at an average price of $8.66.
- Total revenue increased 7% year-over-year to $90.5 million for fiscal first quarter 2027.
- Total Platform Assets grew 19% year-over-year to a record $96.6 billion.
- GAAP diluted net income decreased 51% year-over-year to $12.8 million.
- GAAP diluted EPS was $0.07, down 61% from $0.18 in the prior year quarter.
- Funded Clients grew 15% year-over-year to 1.46 million.
- Investment Advisory Assets increased 39% year-over-year to $51.7 billion.
- Launched Wealthfront Home Lending in Colorado and Texas, and a cross-product adoption incentive.
Price Impact
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