Wealthfront Reports Q2 Earnings with $99 Billion in Total Platform Assets
Wealthfront (WLTH) reported second-quarter results for fiscal year 2027, showing total platform assets of $99.0 billion at quarter end, a 12% increase from the prior year driven by growth in investment advisory balances and market performance. Investment advisory revenue rose 31%, while cash management fees declined due to lower interest rates and client asset shifts into investments. The company reported total revenue of $91.9 million for Q2, up slightly year over year despite a drop in cash management income. GAAP diluted earnings per share fell from $0.24 to $0.10 primarily due to stock-based compensation expenses following the IPO. Adjusted EBITDA was $38.1 million with an operating margin of 41%, down from 49% last year as a result of increased product development spending. Wealthfront also highlighted its expansion into family wealth management and lending, which contributed to growth in funded clients and accounts. The company repurchased shares using free cash flow and maintained strong liquidity with $453 million in cash at quarter end.
Topics: assets_under_management cash_management investment_advisory revenue_growth