Wealthfront

Wealthfront released results for the quarter ended July 31, 2026: earnings per share were $0.10 compared with $0.23 in the year-ago period. Revenue was $91.9 million, virtually unchanged from $91.1 million a year earlier. » Mere på finanzen.net

Wealthfront reported revenue of $91.9m for fiscal Q2 2026 (+1% y/y), with adjusted EBITDA down 15% and a gross margin of 88%. Total platform assets stood at $99bn at the end of July and exceeded $100bn in August; the company finished the quarter debt-free with $453m in cash and repurchased about $30m of stock. Management emphasizes product expansion (brokerage account, home lending) as a growth strategy, but investors reacted to the slowed revenue growth and margin pressure with share-price declines. » Mere på de.investing.com

Wealthfront expands Wealthfront Home Lending into California, making the offering available in three states (California, Colorado, Texas). The division holds licenses in 28 states and plans near-term expansion to Florida, Illinois, Oregon and Washington. The product targets interest rates roughly 50 basis points below the national average, which the company says is achievable through automated underwriting and lower operating costs; for a $1 million purchase this translates to savings of about $262/month or $94,400 over 30 years. Wealthfront notes a high share of its borrowers receive RSU income (20% overall, 30% in California) and offers dedicated RSU verification as well as self-service tools for online rate locks and automatic import of account data. » Mere på de.investing.com