10-Q · June 12, 2026
Wealthfront reported Q1 FY2027 results with revenue of $90.5 million, a 7% increase year-over-year but below the analyst estimate of $91.8 million. Diluted EPS was $0.07, significantly missing the estimated $0.13 by…
Earnings analysis · 10-Q
WLTH earnings analysis
Filed September 14, 2026 · Our reading of the company's report
The latest report
Wealthfront delivered modest revenue growth to $91.9 million and remained profitable with $0.10 of diluted EPS, but net income fell 48.7% year over year to $17.8 million and EPS missed the $0.14 consensus estimate.…
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Wealthfront delivered modest revenue growth to $91.9 million and remained profitable with $0.10 of diluted EPS, but net income fell 48.7% year over year to $17.8 million and EPS missed the $0.14 consensus estimate. Capital resources were supported by approximately $282.1 million of IPO proceeds and repayment of $200.0 million of revolver borrowings, although continued repurchases reduced the remaining authorization to $42.372 million. No quantitative forward revenue or EPS guidance was provided, so the outlook remains uncertain.
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Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.1
What stood out
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Revenue Increased Modestly
Revenue was $91.9 million for the three months ended July 31, 2026, compared with $91.1 million in the prior-year period, an increase of approximately 0.9%. Sequentially, revenue increased from $90 million in 2027 Q1 to approximately $91.9 million.
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EPS Improved Sequentially
The company reported diluted EPS of $0.10. This exceeded the prior-quarter diluted EPS of $0.07 but was below the $0.14 consensus estimate, according to the earnings data provided.
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Company Remained Profitable
Net income was $17.8 million for the three months ended July 31, 2026, versus $34.7 million in the prior-year period. Despite remaining profitable, quarterly net income declined by approximately 48.7% year over year.
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Limited Cash Interest Sensitivity
Management reported that cash and cash equivalents were primarily held in cash deposits and money market funds as of July 31, 2026. A hypothetical 100-basis-point increase or decrease in interest rates would not have a material effect on financial results.
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Share Repurchases Continued
The company repurchased 3.320 million shares during the quarter, including 2.504 million shares in June at an average price of $8.85. The remaining authorization under the $100.0 million repurchase program was $42.372 million as of July 31, 2026.
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IPO Proceeds Strengthened Funding
The company generated approximately $282.1 million of net IPO proceeds and reported no material changes through July 31, 2026, in the planned use of the remaining proceeds after repaying $200.0 million of Amended Revolver borrowings.
What to watch
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Profitability Remains Volatile
Profitability weakened materially year over year: net income declined to $17.8 million from $34.7 million, while the company reported a net accumulated deficit of $111.4 million as of July 31, 2026. The company also incurred a $42.1 million net loss in fiscal 2026, underscoring the risk that profitability may not be sustained.
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Liquidity and Capital Allocation
The company continues to face liquidity and capital-allocation demands. It previously borrowed approximately $200.0 million under the Amended Revolver, used IPO proceeds to repay that amount, and had only $42.372 million remaining under its $100.0 million share-repurchase authorization as of July 31, 2026.
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Growth Execution Risk
Growth investments may increase operating complexity and expenses faster than revenue. Revenue was $91.9 million versus $91.1 million in the prior-year quarter, while headcount increased to 415 employees from 359, a 15.6% increase, creating execution risk if workforce and infrastructure investments do not produce comparable growth.
Management's outlook
No quantitative revenue or EPS guidance is provided in the filing; the prior outlook was deferred to a future earnings call.
Earlier filings 2
10-K · April 24, 2026
Wealthfront reported FY2026 revenue of $364.993 million (up 18% year-over-year) and platform assets of $94.1 billion, driven by 17% growth in funded clients to 1.417 million. Despite strong adjusted EBITDA of $170.689…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.