Wealthfront (WLTH) financial statements
Wealthfront reported revenue of $365M in fiscal 2026, up 29.8% a year over 2 years.
Net income was -$42M and the operating margin -30.5%, against 37.6% in 2024.
Free cash flow was $152M, and the company returned $459,000 in net buybacks.
The diluted share count fell 60% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Wealthfront's 10-K filings with the SEC.
| Fiscal year | 2024 | 2025 | 2026 |
|---|---|---|---|
| Revenue | $217M | $309M | $365M |
| Cost of revenue | $23M | $31M | $38M |
| Gross profit | $194M | $278M | $327M |
| Research and development | $58M | $65M | $212M |
| Selling, general and admin | $45M | $81M | $201M |
| Operating income | $82M | $121M | -$111M |
| Interest expense | $2M | $3M | $891,000 |
| Pre-tax income | $79M | $139M | -$101M |
| Income tax | $2M | -$55M | -$59M |
| Net income | $77M | $194M | -$42M |
| EPS (diluted) | $0.54 | $1.31 | -$0.76 |
| Diluted shares | 144M | 139M | 57M |
| Gross margin | 89.4% | 90.0% | 89.6% |
| Operating margin | 37.6% | 39.3% | -30.5% |
| Net margin | 35.5% | 63.0% | -11.5% |
Balance sheet
Fiscal years, from Wealthfront's 10-K filings with the SEC.
| Fiscal year | 2024 | 2025 | 2026 |
|---|---|---|---|
| Cash and short-term investments | $87M | $143M | $441M |
| Receivables | — | $29M | $33M |
| Total current assets | — | $346M | $1.3B |
| Property, plant and equipment | — | $15M | $8M |
| Total assets | — | $435M | $1.4B |
| Total current liabilities | — | $173M | $793M |
| Total liabilities | — | $193M | $801M |
| Shareholders' equity | -$181M | $15M | $615M |
| Net debt | -$87M | -$143M | -$441M |
Cash flow
Fiscal years, from Wealthfront's 10-K filings with the SEC.
| Fiscal year | 2024 | 2025 | 2026 |
|---|---|---|---|
| Operating cash flow | $73M | $123M | $152M |
| Capital spending | $5M | $5M | $0 |
| Free cash flow | $68M | $118M | $152M |
| Stock-based compensation | $12M | $9M | $260M |
| Share buybacks (net) | $0 | -$37M | -$459,000 |
| Free cash flow margin | 31.5% | 38.2% | 41.7% |
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Open WLTH in InvestinglyQuestions
What was Wealthfront's revenue in 2026?
$365M in fiscal 2026, from its 10-K filing.
How much free cash flow does Wealthfront generate?
$152M in fiscal 2026 (operating cash flow minus capital spending).
From Wealthfront's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.