Wealthfront Corp (NASDAQ: WLTH) Reports Slight Revenue Growth to $91.9M, Net Income Declines
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Recent News What's Driving ONEOK (NYSE:OKE) Dividend Attention Now? Is Best Buy (NYSE:BBY) Finding Its Retail Edge Again? Could Medtronic (NYSE:MDT) Be Entering A New Phase? What's Putting Visa (NYSE:V) Back In The Spotlight? Make Kalkine Media My Trusted Source Wealthfront's quarterly Revenue increased by 1% to $91.874 million, while Net Income dropped to $17.751 million from $34.741 million. The results highlight a 31% rise in Investment advisory revenue to $28.804 million, offset by a 10% decline in Cash Management revenue to $61.758 million, with higher operating expenses impacting earnings. Key Highlights Wealthfront Corp (NASDAQ:WLTH) WLTH (NASDAQ:WLTH) posted quarterly revenue of $91.874 million for the period ending July 31, 2026, marking a 1% increase from $91.123 million in the same period last year. Net income declined to $17.751 million from $34.741 million, with basic Earnings per share at $0.12 and Diluted Earnings per Share at $0.10. For the six-month period, revenue reached $182.358 million while net income was $30.585 million. Investment Advisory Revenue Shows Strong Growth Investment advisory revenue climbed 31% to $28.804 million for the quarter, up from $22.040 million in the prior year. Conversely, cash management revenue decreased 10% to $61.758 million from $68.873 million, while other revenue increased to $1.312 million from $0.210 million. Cash...
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