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Financial statements

WEALTHFRONT CORP financial statements

Income statement, balance sheet and cash flow statement for the last 3 fiscal years, taken from the XBRL data WEALTHFRONT CORP files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

FY2024FY2026FY2026
Revenue217309365
Cost of revenue22.93138
Gross profit194278327
Research and development57.664.5212
General and administrative23.829.1149
Interest expense22.810.89
Other non-operating income-0.9920.610.8
Pre-tax income78.6139-101
Income tax1.62-55.2-59.2
Net income77194-42.1
EPS, basic2.064.99-0.74
EPS, diluted0.541.31-0.76
Shares, basic (weighted)37.33956.6
Shares, diluted (weighted)14413956.9

Balance sheet

FY2024FY2026FY2026
Cash and equivalents86.7143441
Receivables29.133.1
Other current assets18.849.2
Total current assets3461,276
Property, plant and equipment14.77.76
Lease right-of-use assets11.28.7
Other non-current assets2.613.75
Total assets4351,416
Accounts payable6.477.3
Accrued liabilities7.528.65
Short-term debt0.18
Total current liabilities173793
Lease liabilities9.86.29
Other non-current liabilities9.651.99
Total liabilities193801
Paid-in capital128770
Retained earnings-99.9-142
Treasury stock-12.6-13.1
Shareholders' equity-18115.3615
Total equity-18115.3615
Total liabilities and equity4351,416
Shares outstanding40.1150

Cash flow statement

FY2024FY2026FY2026
Net income77194-42.1
Depreciation and amortization6.046.247.4
Stock-based compensation11.89.36260
Deferred income tax0-60.2-59.6
Change in receivables-9.31-8.95-4
Cash from operations72.9123152
Cash from investing-5.16-5.84-1.14
Stock issued00282
Share buybacks0-37-0.46
Cash from financing-39.5-58.5148
Net change in cash28.358.8299
Interest paid17.412.29.13
Income taxes paid2.49

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to July 31, 2026; growth uses fiscal years. Valuation uses the share price of $10.18 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Gross margin89.1%Gross profit / revenue.
Pre-tax margin-37.0%Pre-tax income / revenue.
Net margin-19.4%Net income / revenue.
Operating cash flow margin38.9%Cash from operations / revenue.
Return on equity (ROE)-11.6%Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)-4.0%Net income / average total assets.
R&D / revenue64.2%Research and development expense / revenue.
Stock-based pay / revenue78.0%Stock-based compensation (from the cash flow statement) / revenue.
D&A / revenue1.0%Depreciation and amortization / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y18.2%Revenue vs the same period a year earlier. Only from a positive base.
Gross profit growth, 1y17.7%Gross profit vs the same period a year earlier. Only from a positive base.
Net income growth, 1y-121.6%Net income vs the same period a year earlier. Only from a positive base.
EPS growth, 1y-158.0%EPS vs the same period a year earlier. Only from a positive base.
Operating cash flow growth, 1y23.6%Operating cash flow vs the same period a year earlier. Only from a positive base.
Book value growth, 1y3,908.0%Book value vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y225.3%Total assets vs the same period a year earlier. Only from a positive base.
Share count change, 1y-59.0%Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

MetricValueHow it is calculated
Current ratio1.43xCurrent assets / current liabilities.
Quick ratio0.42x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio0.39x(Cash + short-term investments) / current liabilities.
Liabilities / assets65.2%Total liabilities / total assets.
Working capital$494.9MCurrent assets - current liabilities.
Tangible book value$619.9MShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover0.21xRevenue / average total assets.
Fixed asset turnover58.7xRevenue / average property, plant and equipment.
Receivables turnover12.0xRevenue / average receivables.
Days sales outstanding30 days365 x average receivables / revenue.
Days payables59 days365 x average accounts payable / cost of revenue.

Per share

MetricValueHow it is calculated
EPS, diluted-$0.41Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share$2.14Revenue / diluted weighted shares.
Operating cash flow per share$0.83Cash from operations / diluted weighted shares.
Book value per share$4.11Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share$4.11Tangible book value / shares outstanding.
Cash per share$3.01(Cash + short-term investments) / shares outstanding.

Valuation

MetricValueHow it is calculated
Market cap$1.52BShare price x shares outstanding.
Enterprise value$1.07BMarket cap + total debt - cash - short-term investments.
P/S4.09xMarket cap / revenue.
P/B2.45xMarket cap / shareholders' equity. Only when equity is positive.
Price / tangible book2.45xMarket cap / tangible book value, when positive.
P/OCF10.5xMarket cap / cash from operations, when positive.
EV/Sales2.87xEnterprise value / revenue.
Earnings yield-4.7%Net income / market cap (the inverse of P/E).
Shareholder yield4.0%(Dividends paid + share buybacks) / market cap.
What was WEALTHFRONT CORP's revenue in fiscal 2026?

WEALTHFRONT CORP reported revenue of $365.0M for fiscal 2026, 18.2% higher than the year before.

Was WEALTHFRONT CORP profitable in fiscal 2026?

No. It reported a net loss of $42.1M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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