Wealthfront (NASDAQ:WLTH) Announces Earnings Results, Misses Expectations By $0.02 EPS

Posted by on Jun 5th, 2026

Wealthfront (NASDAQ:WLTH – Get Free Report) released its quarterly earnings results on Thursday. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.02), Zacks reports. The company had revenue of $90.48 million during the quarter. Wealthfront’s revenue was up 7.1% compared to the same quarter last year.

Here are the key takeaways from Wealthfront’s conference call:

  • Record platform assets reached $96.6 billion, up 19% year over year, while funded clients rose 15% to about 1.46 million and funded accounts grew to roughly 1.9 million.
  • Wealthfront said its cross-product adoption incentive is showing early traction, driving more than 4,000 new account openings and lifting asset-weighted cross-product adoption to about 63% by May end.
  • The company highlighted strong tax-season engagement, including more than $500 million of taxes paid directly from Wealthfront cash accounts, up 40% year over year, and greater use of portfolio lines of credit to fund tax payments.
  • Revenue rose 7% to $90.5 million, with investment advisory revenue up 32% year over year, while adjusted EBITDA was $37.5 million and margin came in at 41% as the company continued investing in incentives and Home Lending.
  • The company said Home Lending is progressing as planned, with Colorado and Texas launches, a second takeout investor added, and rate-lock volume up roughly 25% month over month in May despite a higher-rate environment.

Wealthfront Stock Down 2.2%

WLTH stock opened at $11.50 on Friday. Wealthfront has a fifty-two week low of $7.20 and a fifty-two week high of $14.88. The business’s fifty day moving average price is $10.85.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. T. Rowe Price Investment Management Inc. bought a new position in shares of Wealthfront during the 4th quarter worth $31,136,000. Invesco Ltd. bought a new position in Wealthfront in the 4th quarter worth about $13,590,000. XTX Topco Ltd bought a new position in Wealthfront in the 4th quarter worth about $485,000. Zimmer Partners LP bought a new position in Wealthfront in the 4th quarter worth about $951,000. Finally, Wellington Management Group LLP bought a new stake in shares of Wealthfront during the 4th quarter valued at about $54,182,000.

Analyst Ratings Changes

WLTH has been the subject of a number of analyst reports. Royal Bank Of Canada reissued an “outperform” rating on shares of Wealthfront in a research report on Friday. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $9.50 price target (down from $13.50) on shares of Wealthfront in a research report on Thursday, March 12th. Wells Fargo & Company raised their target price on Wealthfront from $12.00 to $13.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Weiss Ratings initiated coverage on Wealthfront in a research report on Wednesday, March 11th. They set a “sell (d)” rating for the company. Finally, Citizens Jmp cut their price target on Wealthfront from $20.00 to $17.00 and set a “market outperform” rating for the company in a research note on Monday, March 16th. Four equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Wealthfront currently has an average rating of “Hold” and an average target price of $12.33.

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About Wealthfront

(Get Free Report)

Wealthfront (NASDAQ:WLTH) is a technology-driven wealth management firm that provides automated investment services to individual investors. Operating as a robo-advisor, the company uses algorithms and software to construct and manage diversified portfolios largely composed of low-cost exchange-traded funds (ETFs). Its platform is geared toward long-term, goal-based investing with an emphasis on passive strategies, automated rebalancing and straightforward user experience delivered through web and mobile applications.

The company’s product suite includes automated portfolio management, tax-loss harvesting and goal-planning tools that help clients set and track financial objectives.

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