Wealthfront Reports Fiscal First Quarter 2027 Results
Summary
Wealthfront reported fiscal first quarter 2027 results with revenue of $90.5 million and total platform assets reaching a record $96.6 billion. The company highlighted product work across home lending, cash management, investment advisory, and stock investing, including a new cross-product adoption incentive and one-tap-to-invest. It also said client growth remained strong, with funded clients and funded accounts both up 15% year over year. Expenses rose because of higher headcount, cloud computing, and stock-based compensation tied to the IPO. Management also announced an inaugural share repurchase program after generating positive adjusted free cash flow.
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industries
Fintech & Banking
applications
Accounting and Taxes
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Financial Technology
Investment Software
Robo-Advisor Software
Linked Companies
Wealthfront
$10M to $25M