Wealthfront Corporation
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 |
|---|---|---|---|
| Revenue | $365.0M | $308.9M | $216.7M |
| Cost of Revenue | $38.0M | $31.0M | $22.9M |
| Gross Profit | $327.0M | $277.9M | $193.8M |
| Gross Margin | 89.6% | 90.0% | 89.4% |
| Operating Expenses | |||
| Research & Development | $212.4M | $64.5M | $57.6M |
| SG&A Expense | $149.1M | $29.1M | $23.8M |
| Operating Income | $-101.2M | $139.2M | $78.6M |
| Operating Margin | -27.7% | 45.1% | 36.3% |
| Interest Expense | — | — | — |
| Pretax Income | $-101.2M | $139.2M | $78.6M |
| Income Tax Expense | $-59.2M | $-55.2M | $1.6M |
| Net Income | $-42.1M | $194.4M | $77.0M |
| Net Margin | -11.5% | 63.0% | 35.5% |
| EPS (Basic) | $-0.74 | $4.99 | $2.06 |
| EPS (Diluted) | $-0.76 | $1.31 | $0.54 |
| Shares Outstanding (Basic) | 56.6M | 39.0M | 37.3M |
| Shares Outstanding (Diluted) | 56.9M | 138.7M | 143.9M |
| Dividends Per Share | — | — | — |