Wealthfront Q2 revenue slightly beats estimates on platform asset growth

Wealthfront

09/09/2026 21:17

Overview
U.S. fintech platform's fiscal Q2 revenue rose 1% yr/yr, slightly beating analyst expectations
Adjusted EBITDA for fiscal Q2 fell 15% yr/yr and slightly missed analyst estimates
Company repurchased 3.3 mln shares during the quarter

Outlook
Company did not provide specific financial guidance for future quarters or the full year

Result Drivers
ASSET MIX SHIFT - Revenue growth lagged platform asset growth due to stronger gains in lower-fee investment advisory assets and a decline in higher-fee cash management assets
EXPENSE INCREASES - Higher GAAP expenses, mainly from stock-based compensation after IPO and increased product development spending, reduced net income
PRODUCT DEVELOPMENT - Ongoing investment in new offerings such as Home Lending and Custodial Accounts contributed to higher expenses

Company press release: ID:nGNX4JFx2

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Slight Beat*
$91.87 mln
$91.50 mln (7 Analysts)
Q2 EPS
 
$0.10
 
Q2 Net Income
 
$17.56 mln
 
Q2 Adjusted EBITDA
Slight Miss*
$38.07 mln
$38.20 mln (7 Analysts)
Q2 Adjusted EBITDA Margin
 
41%
 
*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the diversified investment services peer group is "buy"
Wall Street's median 12-month price target for Wealthfront Corporation is $11.50, about 19.4% above its September 8 closing price of $9.63

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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)