Wealthfront Reports Record Fiscal 2026 Results, Authorizes \$100 Million Share Repurchase Program
Wealthfront Reports Record Fiscal 2026 Results, Authorizes \$100 Million Share Repurchase Program
PALO ALTO, CA – March 11, 2026 – Wealthfront Corporation (Nasdaq: WLTH) released its financial results for the fiscal fourth quarter and full year ended January 31, 2026, posting record performance across its core metrics. The Company also announced the authorization of a significant \$100 million share repurchase program, a move that may have a material impact on share value and is considered highly price-sensitive for shareholders.
Key Financial Highlights
- Record Annual Revenue: Wealthfront delivered record-breaking annual revenue of \$365.0 million for the fiscal year ended January 31, 2026, marking an 18% year-over-year increase from \$308.9 million in fiscal 2025.
- Quarterly Revenue: The fourth quarter saw revenue reach a new high of \$96.1 million.
- Platform Assets: Total platform assets surged 17% year-over-year to \$94.1 billion, with the investment advisory segment ending the period at \$48.7 billion.
- Adjusted EBITDA: Annual Adjusted EBITDA grew 20% year-over-year to \$170.7 million, with an Adjusted EBITDA margin of 47% compared to 46% in fiscal 2025.
- Cash Generation: Wealthfront ended January 2026 with corporate cash balances above \$440 million. Free cash flow conversion improved to 75% from 52% a year ago, reflecting strong operational efficiency.
- Net Income: The company reported a net loss attributable to common shareholders of \$(134.8) million, compared to a net income of \$194.4 million in the prior year. The diluted earnings per share was \$(1.31).
Shareholder-Focused Initiatives
- Share Repurchase Authorization: On March 9, 2026, Wealthfront’s board of directors approved a \$100 million share repurchase program. Repurchases may be conducted in the open market, privately negotiated transactions, or by other methods. The timing and amount will be at the Company’s discretion, reflecting management’s confidence in the valuation and future prospects of Wealthfront shares.
- Repurchase Funding: The Company intends to fund repurchases using existing cash, cash equivalents, and ongoing cash from operations.
- Leadership Commentary: CFO Alan Imberman stated, “Fiscal 2026 was a banner year in which we drove record Platform Assets, Revenue, and Adjusted EBITDA contributing to strong cash generation… In March, our board of directors authorized a \$100 million share repurchase program. Given the multi-decade opportunity to compound wealth with new and existing clients, we view our shares as attractive at current levels.”
Business and Product Highlights
- Cash Management Growth: Cash management revenue reached \$69.7 million for the year, up from \$24.7 million in 2025. The Company increased the base Annual Percentage Yield (APY) on the Wealthfront Cash Account to 3.30% as of January 30, 2026, reflecting higher prevailing interest rates and emphasizing its commitment to passing benefits directly to clients.
- Product Enhancements: Wealthfront introduced several user-focused features, including comprehensive transaction search, real-time debit card notifications, and increased withdrawal limits up to \$1 million for qualified clients. Interoperability between Cash and Investment Advisory accounts was improved, including automated dividend sweeps.
Other Noteworthy Financial Data
- Shares Outstanding: As of January 31, 2026, there were 152.1 million shares issued and 150.6 million shares outstanding.
- Stockholders’ Equity: Total stockholders’ equity stood at \$614.7 million as of January 31, 2026, up significantly from \$15.3 million a year earlier.
- Cash Flows: Net cash provided by operating activities was \$152.2 million, while net cash used in investing activities totaled \$(308) thousand for fiscal 2026.
- Financing Activities: The period reflected significant financing inflows, notably proceeds from the issuance of common stock (\$282.2 million) and drawdown/repayment of credit facilities.
Forward-Looking Statements and Risks
The Company highlighted that the share repurchase program and its timing are subject to market conditions and other factors. There is no guarantee that repurchases will be completed as planned, and actual results may differ due to risks discussed in Wealthfront’s filings with the SEC, including the most recent Form 10-Q. The Company expressly disclaims any obligation to update forward-looking statements even if circumstances change.
How Wealthfront Communicates With Investors
Wealthfront announces material information through SEC filings, its investor relations website (ir.wealthfront.com), press releases, public conference calls, webcasts, and official social media channels. Investors are encouraged to monitor these resources for the most up-to-date information.
Conference Call Details
Wealthfront’s executive management hosted a live audio webcast on March 11, 2026, to discuss these results. The webcast replay and presentation are available on the Company’s Investor Relations website.
Investor Contacts
Disclaimer: This article is for informational purposes only and does not constitute investment advice or an offer to buy or sell securities. Forward-looking statements are subject to risks and uncertainties as detailed in Wealthfront’s public filings. Investors should review all relevant disclosures and consult with their financial advisors before making any investment decisions. Wealthfront undertakes no obligation to update or revise forward-looking statements except as required by law.
View WEALTHFRONT CORP Historical chart here
