Wealthfront FY27 Q2 GAAP net income falls 49% to USD 17.6 million; revenue rises 1% to USD 91.9 million
WLTH•Quarterly earnings and revenue
Wealthfront posted GAAP net income of USD 17.6 million, down 49% year-over-year, on revenue of USD 91.9 million, up 1%.
GAAP expenses climbed to USD 75.1 million from USD 51.8 million, driven by stock-based compensation of USD 16.4 million after the December 2025 IPO.
Product and geographic expansion
Home Lending expanded into Texas and California, with plans to enter Washington, Florida, Illinois, and Oregon. Custodial accounts were also launched for family wealth management.
Assets, deposits and client growth
Total Platform Assets rose 12% to USD 99 billion. Investment Advisory Assets jumped 30% to USD 54.1 billion while Cash Management Assets fell 4% to .
