Wealthfront Reports Fiscal Fourth Quarter and Full Year 2026 Results

Wealthfront Corporation (Nasdaq: WLTH) reported record financial results for the fiscal year and fourth quarter ended Jan. 31, 2026, its first fiscal year as a newly public company. Total revenue rose 18% year over year to $365.0 million, while fourth-quarter revenue increased 16% to a quarterly record $96.1 million.

Total Platform Assets climbed 17% year over year to $94.1 billion, with Investment Advisory Assets up 29% to $48.7 billion and Cash Management Assets up 7% to $45.4 billion. Funded clients grew 17% to 1.42 million and funded accounts rose 16% to 1.84 million. Platform-wide net deposits totaled $6.7 billion for the full year but were negative $360 million in the fourth quarter.

GAAP results were heavily affected by one-time, IPO-related stock-based compensation expense of $239.0 million. GAAP diluted net loss was $134.8 million in the fourth quarter, versus income of $32.1 million a year earlier. For the full year, GAAP diluted net loss was $43.2 million, compared with income of $181.8 million in the prior year. Adjusted EBITDA grew 22% in the quarter to $44.2 million and 20% for the year to $170.7 million. Free cash flow was $33.0 million in the fourth quarter and $151.1 million for the full year, and the company ended January with corporate cash above $440 million.

CEO David Fortunato said the company capped a milestone year by going public and posting another quarter-end record in Total Platform Assets, helped by a second consecutive record quarter of net cross-account transfers from Cash Management to Investment Advisory. CFO Alan Imberman said fiscal 2027 has started with total net deposit growth in February and that the board-authorized $100 million share repurchase program reflects management's view that shares are attractive at current levels.

During the quarter, Wealthfront launched early access to Wealthfront Home Lending, rolled out the Wealthfront Treasury Money Market Fund (WLTXX) at a 0.25% expense ratio, and raised the base APY on its Cash Account by five basis points to 3.30% effective Jan. 30. The company also introduced transaction search, real-time debit card notifications, higher daily withdrawal limits for qualified clients, and automatic dividend sweeps from Investment Advisory accounts to Cash Management accounts.