Wealthfront Corporation’s Total Platform Assets rose 12% year-over-year to $99.0 billion in the fiscal second quarter, while Funded Clients increased 14% to 1.5 million. The quarter also generated $28.293 million in adjusted free cash flow, supporting continued Investment in Wealthfront’s product-led growth strategy and expansion of its financial platform.

Key Highlights

  • Wealthfront repurchased 3.3 million shares during the quarter for approximately $30 million.
  • Diluted Net Income was $17.562 million, with a 19% net income margin.
  • Cash balances exceeded $450 million at quarter-end, and the Balance Sheet was debt-free.

Wealthfront Corporation (NASDAQ: WLTH) ended its fiscal second quarter with Total Platform Assets of $99.0 billion, a 12% year-over-year increase. The quarter ended July 31, 2026, while Total Platform Assets exceeded $100 billion by the end of August. Total Revenue reached $91.874 million.

Growth Reaches $100B Milestone

Investment Advisory Assets increased 30% year-over-year to $54.1 billion, while Cash Management Assets declined 4% year-over-year to $44.9 billion. Total Net Deposits contributed $1.1 billion during the quarter. Funded Accounts grew 15% year-over-year to 1.97 million. Wealthfront said its product-led growth strategy supported adjusted free Cash Flow and investment in its product platform.

Revenue And Profit Measures

GAAP total revenue rose 1% year-over-year from $91.123 million to $91.874 million. Diluted net income fell from $34.741 million to $17.562 million, while diluted Earnings per common share declined from $0.24 to $0.10. GAAP expenses increased to $75.1 million from $51.8 million in the prior-year quarter. The increase was primarily linked to higher stock-based compensation expense and product development expense. Adjusted EBITDA was $38.065 million, down 15% year-over-year, and its Margin was 41%, compared with 49% in the prior-year quarter.

Capital And Product Investment

Cash balances were above $450 million at quarter-end, and the balance sheet was debt-free. The company said it continued investing in Wealthfront Home Lending, Cash Management, Investment Advisory products and Custodial Accounts. The company also said expansions to Washington, Florida, Illinois and Oregon were planned in the coming months.