WEALTHFRONT CORP WLTH
We are a product-driven technology company that built a financial solutions platform for "digital natives," defined as those born after 1980 (i.e., Millennials, Gen Z, and later generations). Our platform is designed to address the needs of the wealth builders within these generations. We have differentiated, trusted relationships with our clients due to our unique and fundamentally aligned incentives. Simply put, we succeed because our clients succeed.
Founded in 2008 and headquartered in Palo Alto, California, we were among the first digital-only financial solutions platforms, pioneering the use of automation to offer low-cost diversified portfolios. We built our platform using software to deliver our solutions quickly, conveniently, and at low cost. These principles align with the preferences of digital natives, who use digital platforms for the vast majority of their everyday services ranging from entertainment and commerce to food delivery and ride sharing. Our technology-driven financial solutions help clients turn savings into long-term wealth. Our broad suite of products, including cash management, investment advisory, borrowing and lending, and financial planning solutions, address the diverse financial needs of our clients regardless of the economic environment.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Revenue | $365.0M | $308.9M | $216.7M | — |
| Cost of revenue | $38.0M | $31.0M | $22.9M | — |
| Gross profit | $327.0M | $277.9M | $193.8M | — |
| R&D | $212.4M | $64.5M | $57.6M | — |
| SG&A | $149.1M | $29.1M | $23.8M | — |
| Interest expense | $891.0K | $2.8M | $2.0M | — |
| Pre-tax income | -$101.2M | $139.2M | $78.6M | — |
| Income tax | $59.2M | $55.2M | $1.6M | — |
| Net income | -$42.1M | $194.4M | $77.0M | — |
| EPS, basic | -0.74 | 4.99 | 2.06 | — |
| EPS, diluted | -0.76 | 1.31 | 0.54 | — |
| Shares, diluted (wtd. avg.) | 56.9M | 138.7M | 143.9M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Cash and equivalents | $440.8M | $142.9M | $86.7M | $67.5M |
| Receivables | $33.1M | $29.1M | — | — |
| Total current assets | $1.28B | $346.4M | — | — |
| Property, plant and equipment | $7.8M | $14.7M | — | — |
| Total assets | $1.42B | $435.2M | — | — |
| Accounts payable | $7.3M | $6.5M | — | — |
| Total current liabilities | $792.8M | $173.2M | — | — |
| Total liabilities | $801.0M | $192.7M | — | — |
| Retained earnings | -$142.0M | -$99.9M | — | — |
| Total equity | $614.7M | $15.3M | -$180.9M | -$272.6M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Operating cash flow | $152.2M | $123.2M | $72.9M | — |
| Depreciation and amortisation | $7.4M | $6.2M | $6.0M | — |
| Stock-based compensation | $259.8M | $9.4M | $11.8M | — |
| Investing cash flow | -$1.1M | -$5.8M | -$5.2M | — |
| Financing cash flow | $148.2M | -$58.5M | -$39.5M | — |
| Buybacks | $459.0K | $37.0M | $0 | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-027232.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|
| Revenue | — | $216.7M | $308.9M | $365.0M |
| Gross profit | — | $193.8M | $277.9M | $327.0M |
| Net income | — | $77.0M | $194.4M | -$42.1M |
Recent filings and events
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Regulation FD disclosure Item 7.01
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Regulation FD disclosure Item 7.01
- Results announced Item 2.02
- Regulation FD disclosure Item 7.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
Others in SIC 6199
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