Wealthfront Corporation reported record revenue of $93.2 million, a 16% increase, and net income of $30.9 million with a net income margin of 33%. Total Platform Assets reached $92.8 billion, up 21%, and Adjusted EBITDA increased by 24% to $43.8 million with an Adjusted EBITDA margin of 47% for the fiscal third quarter ending October 31, 2025. The company’s CEO highlighted strong performance in core business and product innovation, including Nasdaq-100 Direct and the origination of its first home mortgage.

Wealthfront’s CFO emphasized the balance between Cash Management and Investment Advisory in the fiscal third quarter, leading to profitable growth and strong free cash flow generation. Total revenue for the quarter was $93.2 million, with Cash Management Assets at $47.0 billion and Investment Advisory Assets at $45.8 billion. The company’s GAAP net income margin was 33%, and Adjusted EBITDA margin was 47%.

Key financial metrics for the quarter include GAAP expenses of $61.8 million, a 21% increase year-over-year, driven by higher share-based compensation and product development expenses. Funded Clients grew by 20% year-over-year to 1.38 million, and Wealthfront achieved the best quarter in net cross account transfers from Cash Management to Investment Advisory in company history. Adjusted EBITDA reached $43.8 million, up 24% year-over-year, with a margin of 47%.

Wealthfront introduced its first home mortgage product during the quarter, aiming to provide clients with access to low rates and transparent fees. The company also launched Nasdaq-100 Direct, offering tax savings from tax-loss harvesting and tracking the Nasdaq-100 Index®. Additional enhancements included free instant wire transfers, strengthening the appeal of the Cash Management account.

In summary, Wealthfront’s fiscal third quarter results demonstrated strong financial performance, with record revenue, net income, and platform assets. The company’s focus on innovation and product expansion, including the launch of new offerings like Nasdaq-100 Direct and the introduction of home mortgages, contributed to its growth and profitability. Adjusted EBITDA increased by 24% to $43.8 million, with a margin of 47%.

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