WLTH earnings analysis
What we found in WLTH's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
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 54.6%. Management indicated challenges in cash management due to macroeconomic conditions, despite a strong increase in investment advisory assets by 39%.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Growth Year-Over-Year
- Revenue increased by $6.0 million, or 7%, from $84.5 million in Q1 FY2026 to $90.5 million in Q1 FY2027.
- Strong Investment Advisory Growth
- Investment advisory revenue grew by $6.4 million, a 32% increase year-over-year, rising to $26.2 million.
- Record Platform Assets
- Total platform assets reached $96.6 billion, rising 19% year-over-year.
- Increase in Funded Clients
- Funded clients increased by 194, or 15%, year-over-year, totaling 1.5 million.
- Decrease in Operating Cash Flow
- Operating cash flow was $22.7 million, down from $38.5 million in the prior year.
- Increased Share Repurchases
- Over the quarter, the company repurchased 3.1 million shares at an average price of $8.66.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Earnings Miss
- EPS of $0.07 fell 54.6% short of the expected $0.13.
- High Stock-Based Compensation
- Stock-based compensation expense rose to $17.1 million, significantly impacting net income.
- Decline in Cash Management Revenue
- Cash management revenue declined by 1%, primarily due to a decrease in the annualized cash management fee rate.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.07
- Segment
- Cash Management: $63.4M
- Segment
- Investment Advisory: $26.2M
- Segment
- Other Revenue: $0.9M
What they said about what is next.
Outlook deferred to earnings press release / call.
The filing reads worse than the one before it.
What came before.
- 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. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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