Wealthfront reported third-quarter 2026 revenue of $93.2 million, up 16% year-over-year, driven by a 21% increase in platform assets to $92.8 billion. Funded client accounts climbed 20% to 1.38 million, while adjusted EBITDA margin expanded to 47%, reflecting scalable, software-driven operating leverage. The fintech’s cash management assets grew 14% to $47 billion, and investment advisory assets surged 31% to $45.8 billion, boosted by rising equity markets and clients reallocating savings into higher-return portfolios.

Despite robust quarterly growth, December saw net deposit outflows of $208 million, marking a reversal from the $874 million of net inflows recorded in the same month a year earlier. The decline was concentrated in the cash management business, where lower interest rates reduced the attractiveness of savings yields. This shift partially offset gains in the investment advisory segment and prompted a more cautious investor reaction, underscoring the importance of balancing deposit gathering with fee-based advisory services.

Wealthfront’s core demographic—young, affluent clients—continues to expand its share of the digital wealth management market, with clients under 40 representing over 60% of the base. The company’s launch of mortgage origination services and Nasdaq-100 Direct investments is designed to deepen engagement and broaden the addressable market, leveraging its automated platform to cross-sell new offerings. Management projects these initiatives could add $1.5 billion to addressable assets within two years, reinforcing structural growth prospects.