Wealthfront Reports Record $96.6B Assets, Q1 Profit Despite 51% EPS Drop on SBC
WLTH sits 55% above its 52-week low of $7.2.
Summary
Wealthfront reported Q1 2027 results with revenue up 7% year-over-year to $90.5 million and record Total Platform Assets of $96.6 billion, a 19% increase. The company posted a GAAP net income of $12.8 million, or $0.07 diluted EPS, which is a 51% decrease from the prior year's quarter. This decline in profitability was primarily driven by a significant increase in stock-based compensation related to post-IPO dual-trigger awards. The company also executed over $27 million in share repurchases during the quarter at an average price of $8.66, following the $100 million program announced in March. This report shows strong operational growth in assets and a return to profitability after reporting losses in the previous quarter and fiscal year, though GAAP earnings were impacted by non-cash compensation.
At the time of this announcement, WLTH was trading at $11.17 on NASDAQ in the Finance sector, with a market capitalization of approximately $1.7B. The 52-week trading range was $7.20 to $14.75. This news item was assessed with neutral market sentiment and an importance score of 8 out of 10. Source: GlobeNewswire.