Financial Analysis

Commitments and Contingencies Commitments As of January 31, 2026, the Company had three noncancelable contracts, one of which is related to a third-party partner bank in connection with services that the Company offers its clients as part of the cash sweep program . Payments made to this third-party partner bank during the fiscal years ended January 31, 2026, 2025 and 2024 towards this contract were immaterial. During the fiscal year ended January 31, 2025, the Company entered into a noncancelable contract for cloud computing services with a third-party provider. The Company is committed to a minimum spend during the term of the contract. Payments made to this third-party provider were $6.7 million and $5.9 million during the fiscal years ended January 31, 2026 and 2025, respectively. During the fiscal year ended January 31, 2026, the Company entered into another noncancelable contract for an application programming interface service with a third-party provider. The Company is committed to a minimum monthly spend during the term of the contract. Payments made to this third-party provider were $0.3 million during the fiscal year ended January 31, 2026. The following table provides the future minimum payments over the term of the noncancelable contracts (in thousands): Total Fiscal Year Ended January 31, Amount 2027 $ 6,750 2028 $ 7,400 Total $ 14,150 Contingencies The Company reviews its lawsuits, regulatory inquiries, and other legal proceedings on an ongoing basis and provid …

CommitmentsAndContingenciesDisclosureTextBlock · excerpt; the full note is in the filing

Financing Activities Bridge Loan On January 14, 2022, the Company entered into a loan agreement with an investor and member of the Companys board of directors to allow borrowings of up to $20.0 million (the B ridge Loan). The Company amended this loan agreement on August 7, 2023, to extend the maturity date to September 30, 2025 and increased the interest rate from 10% to 12.5% per annum as of April 3, 2024. The Company was required to repay all outstanding principal and accrued interest on the maturity date and was allowed to make voluntary prepayment at any time prior to the maturity date without penalty or premium. In November 2024, the Bridge Loan was paid off in full. Bridge Loan interest expense was $2.3 million for the fiscal year ended January 31, 2025, recorded as interest expense in the consolidated statements of operations. The weighted-average interest rate was 12% for the fiscal year ended January 31, 2025. Convertible Note On September 2, 2022, the Company issued a $69.7 million convertible n ote with a maturity date of September 2, 2025. The convertible n ote accumulated interest at the SOFR, plus 9.0% per annum, compounding annually and was payable semiannually in arrears either in cash or by increasing the principal amount (PIK Interest). The noteholder had the right to exchange the convertible n ote for Series H-1 or Series H-2 redeemable convertible preferred stock after the filing of the restated certificate of incorporation, as provided in the convertible …

DebtDisclosureTextBlock · excerpt; the full note is in the filing

Stock-Based Compensation In January 2008, the Company adopted the 2008 Equity Incentive Plan (the 2008 Plan), which was most recently amended in October 2017 and subsequently terminated in connection with the adoption of the Companys 2017 Plan (as defined below). The 2008 Plan allowed stock options to be granted to Company employees, officers, directors, advisors, consultants, and other service providers as either incentive stock options (ISOs) or non-statutory stock options (NSOs). ISOs could be granted only to the Companys employees. NSOs could be granted to the Companys service providers who were not employees. Under the 2008 Plan, options could be granted for terms no longer than 10 years from the date of the grant. In the case of an ISO grant to an optionee who, at the time the option is granted, owned stock representing more than 10% of the voting power of all classes of stock of the Company or any parent or subsidiary, the term of the option was five years from the date of grant. ISOs and NSOs generally vested at a rate of 25% on the first anniversary of the grant date and then ratably over the next three years. Upon termination of employment, any unvested shares were automatically returned to the Company. Those shares were added back to the plan and made available for future grants. The 2008 Plan was terminated in 2017, but the awards granted previously still vest. At January 31, 2026 and January 31, 2025, no shares from the 2008 Plan remained available for future gra …

DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock · excerpt; the full note is in the filing

Fair Value Measurements Fair value is defined as the price that would be received from the sale of an asset or paid to transfer a liability in an orderly transaction between market participants on the measurement date. Assets and liabilities recorded at fair value are measured using a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value. These tiers are: Level 1 Observable inputs that reflect quoted prices (unadjusted) available in active markets for identical assets or liabilities. Level 2 Inputs other than quoted prices in active markets that are either directly or indirectly observable. Level 3 Unobservable inputs for which little or no market data exists, therefore requiring the Company to develop its own assumptions that market participants would use in pricing the asset or liability, including assumptions about risk. A financial instruments level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. In addition, the Company considers and uses all valuation methods that are appropriate in estimating the fair value of an asset or liability. The following tables summarize the fair value of financial assets and liabilities and their classification by level of input within the fair value hierarchy as of January 31, 2026 and January 31, 2025 ( in thousands ): Financial Assets and Liabilities at Fair Value Total Level 1 Level 2 Level 3 January 31, 2026 Assets Cash equiv …

FairValueDisclosuresTextBlock · excerpt; the full note is in the filing

"Income Taxes The components of income (loss) before income taxes consisted of the following (in thousands): Fiscal Year Ended January 31, 2026 2025 2024 United States (101,264) 139,229 78,589 Foreign 16 Income (loss) before income taxes $ (101,248) $ 139,229 $ 78,589 The provision for (benefit from) income taxes consisted of the following (in thousands): Fiscal Year Ended January 31, 2026 2025 2024 Current expense (benefit): Federal $ $ 1,200 $ State 369 3,774 1,623 Foreign 4 Deferred tax expense (benefit): Federal (46,390) (43,252) State (13,165) (16,940) Foreign $ $ $ Total provision for (benefit from) income taxes $ (59,182) $ (55,218) $ 1,623 The reconciliation of the statutory federal income tax rate to the Companys effective tax rate was as follows: Fiscal Year Ended January 31, 2026 Federal tax (benefit) at statutory rate $ (21,263) 21.0 % State tax (benefit) at statutory rate, net of federal benefit* (14,261) 14.1 % Foreign tax effects 1 % Effect of cross-border tax laws 23 % Tax credits: Research and development credits (13,845) 13.7 % Change in valuation allowance % Nontaxable or nondeductible items: Stock based compensation (43,983) 43.4 % Executive compensation 30,156 (29.8) % Other (28) 0.1 % Changes in unrecognized tax benefits: Reserve on research and development credits 5,584 (5.5) % Other adjustments to prior year tax estimates $ (1,566) 1.6 % Provision for (benefit from) income taxes $ (59,182) 58.6 % *State taxes in California made up the majority (greater …

IncomeTaxDisclosureTextBlock · excerpt; the full note is in the filing

Leases The Company has three noncancelable operating leases for its offices with remaining lease terms ranging f rom 10 months to 29 months. The Co mpany had one operating lease that expired in May 2025 and was not renewed. All leases require the Company to pay annual operating, tax or utilities expenses, which are included in the variable lease costs. The Company utilizes its incremental borrowing rate in determining the present value of lease payments, as the implicit rate is not readily determinable. The components of lease cost for operating leases for the fiscal years ended January 31, 2026 and 2025 were as follows ( in thousands ): Year Ended January 31, 2026 2025 2024 Operating lease cost $ 3,922 $ 3,862 $ 4,165 Variable lease cost 1,211 927 883 Total lease cost $ 5,133 $ 4,789 $ 5,048 Supplemental cash flow information related to leases was as follows ( in thousands ): January 31, 2026 2025 2024 Cash paid for amounts included in the measurement of lease liabilities: Payments for operating leases $ 4,331 $ 4,194 $ 4,066 The following table summarizes the lease-related assets and liabilities recorded in the c onsolidated balance sheets at January 31, 2026 and January 31, 2025 ( in thousands ): January 31, January 31, 2026 2025 Operating lease ROU assets $ 8,696 $ 11,229 Current operating lease liabilities 4,101 3,556 Noncurrent operating lease liabilities 6,292 9,796 Total operating lease liabilities $ 10,393 $ 13,352 Lease term and discount rate were as follows: Januar …

LesseeOperatingLeasesTextBlock · excerpt; the full note is in the filing

Recent Accounting Pronouncements Adopted In November 2023, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures . The amendments in guidance improve reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses. This guidance is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted. The Company adopted the pronouncement on February 1, 2024. The Company applied the amendments retrospectively to all prior periods presented in the consolidated financial statements. In December 2023, the FASB issued ASU No. 2023-09, Income taxes (Topic 740): Improvements to Income Taxes Disclosures. This guidance requires annual disclosure of specific categories in the rate reconciliation and provides additional information for reconciling items that meet a quantitative threshold. The guidance is effective for fiscal years beginning after December 15, 2024. Early adoption is permitted. The Company adopted the disclosure requirements of ASU 2023-09 prospectively for the fiscal year ended January 31, 2026. See Note 14. Income Taxes for more information. Recent Accounting Pronouncements Not Yet Adopted In October 2023, the FASB issued ASU 2023-06, Disclosure Improvements: Codification Amendments in Response to …

NewAccountingPronouncementsPolicyPolicyTextBlock · excerpt; the full note is in the filing

Related Party Transactions Related party transactions may include any transaction between the Company and entities under common control or with a related party. In July 2024, in connection with the acquisition of Unified National Mortgage LLC (renamed Wealthfront Home Lending, LLC), the Company entered into a series of agreements with the Companys Chief Executive Officer, Wealthfront Home Lending, and Wealthfront Holdings LLC, the purchasing entity. Through related management and financing agreements, the Company directs the significant activities of Wealthfront Home Lending and absorbs all associated benefits and losses. As of and during the fiscal year ended January 31, 2026, the assets, liabilities and activities of Wealthfront Home Lending and Wealthfront Holdings were immaterial to the Companys consolidated financial statements. …

RelatedPartyTransactionsDisclosureTextBlock · excerpt; the full note is in the filing

Revenue Disaggregation of Revenue The principal categories the Company uses to disaggregate revenue reflect the type of service from w hich the revenue is generated, which is consistent with the presentation in the consolidated statements of operations. Contract Balances The revenue streams identified as being generated through contracts with clients are outlined in Note 2. Summary of Significant Accounting Policies are all settled in arrears, in accordance with the Companys contracts with the applicable counterparties. Receivables relate to the Companys unconditional right to receive payment for its performance completed under the contract. The Company does not have deferred revenue as of January 31, 2026 and January 31, 2025. No other contract assets or liabilities existed as of January 31, 2026 and January 31, 2025. The table below sets forth the opening and closing balances for accounts receivable from contracts with clients (in thousands): Cash Management Receivable Investment Advisory Receivable Other Receivable Total Accounts Receivable Opening Balance, February 1, 2024 $ 14,580 $ 5,303 $ 298 $ 20,181 Change 6,402 1,365 1,179 8,946 Closing Balance, January 31, 2025 $ 20,982 $ 6,668 $ 1,477 $ 29,127 Change 2,621 2,333 (954) 4,000 Closing Balance, January 31, 2026 $ 23,603 $ 9,001 $ 523 $ 33,127 …

RevenueFromContractWithCustomerTextBlock · excerpt; the full note is in the filing

Summary of Significant Accounting Policies Basis of Presentation The accompanying consolidated financial statements have been prepared in accordance with U.S. GAAP and the applicable rules and regulations of the SEC. The consolidated financial statements include the accounts of Wealthfront and its wholly owned subsidiaries. All intercompany balances and transactions have been eliminated upon consolidation. Segment Information Operating segments are defined as components of an enterprise for which separate financial information is evaluated regularly by the chief operating decision maker (CODM) in deciding how to allocate resources and assess performance. The Companys CODM is its Chief Executive Officer (CEO). The Company operates and reports financial information in one operating segment. This is because the CODM considers company-wide key performance metrics and utilizes consolidated net income (loss) to allocate resources and determine performance. The Companys objective in making resource allocation decisions is to optimize the consolidated financial results. The significant segment expenses reviewed by the CODM conform to the presentation of such items in the consolidated statements of operations. The CODM does not review segment assets at a different asset level or category other than the amounts disclosed in the consolidated balance sheets. All revenue and long-lived assets in these consolidated financial statements relate to contracts with clients located in the United …

SignificantAccountingPoliciesTextBlock · excerpt; the full note is in the filing

Common Stock As of January 31, 2026 and January 31, 2025, the Company was authorized to issue 214.6 million shares of common stock, with a par value of $0.0001 per share. Each share of voting common stock has the right to one vote. The holders of common stock are also entitled to receive dividends whenever funds are legally available and when declared by the board of directors, subject to the prior rights of holders of all classes of stock outstanding having priority rights to dividends, and subject to beneficial ownership limitations applicable to certain regulated stockholders. No dividends have been declared by the board of directors from the Companys inception through January 31, 2026. Common Stock Reserved for Future Issuance At January 31, 2026 and January 31, 2025, the Company reserved the following shares of common stock for issuance: January 31, January 31, 2026 2025 Redeemable convertible preferred stock, all series (1) 84,525,493 Series G redeemable convertible preferred stock warrant 251,750 Common stock warrants 1,953,463 1,701,713 Other stock awards issued 39,505,733 62,903,172 Authorized for future stock awards or stock options 27,856,967 5,795,839 Total shares of common stock reserved 69,316,163 155,177,967 _______________ (1) Includes Series H-2 redeemable convertible preferred stock, which is convertible into shares of nonvoting common stock. As a result of the completion of the IPO on December 15, 2025, all shares of redeemable convertible preferred stock w …

StockholdersEquityNoteDisclosureTextBlock · excerpt; the full note is in the filing

Subsequent Events The Company has evaluated subsequent events from the consolidated balance sheets date through April 24, 2026, the issuance date of the consolidated financial statements. On February 16, 2026, the Company entered into an equity purchase agreement with David Fortunato, the Companys Chief Executive Officer, President and director (the Purchase Agreement). Pursuant to the Purchase Agreement, Mr. Fortunato sold the entirety of his limited liability company interest (the Ownership Interest) in Wealthfront Holdings LLC (Holdings LLC), which represented 95.1% of the aggregate limited liability company interests of Holdings LLC, to the Company for nominal consideration in the amount of one dollar ($1). Following Mr. Fortunatos sale of the Ownership Interest to the Company, the Company became the sole owner of 100.0% of the limited liability company interests of Holdings LLC. On February 25, 2026, 60,000 warrants were exercised on a cashless basis, resulting in the issuance of 51,481 net shares of common stock. No cash was received in connection with these exercises On March 9, 2026, the Companys board of directors approved a share repurchase program with authorization to purchase up to $100.0 million of its outstanding common stock. 3,037,141 shares have been repurchased at an average purchase price of $8.58. There have been no other material subsequent events other than previously disclosed that occurred during such period that would require disclosure or would be r …

SubsequentEventsTextBlock · excerpt; the full note is in the filing

Commitments and Contingencies Commitments As of April 30, 2026, the Compa ny had three noncancelable contracts, one of which is related to a third-party partner bank in connection with services that the Company offers its clients as part of the cash sweep program . Payments made to this third-party partner bank during the three months ended April 30, 2026 and 2025 towards this contract were immaterial. During the fiscal year ended January 31, 2025, the Company entered into a noncancelable contract for cloud computing services with a third-party provider. The Company is committed to a minimum spend during the term of the contract. Payments made to this third-party provider were $2.0 million during the three months ended April 30, 2026. During the fiscal year ended January 31, 2026, the Company entered into another noncancelable contract for an application programming interface service with a third-party provider. The Company is committed to a minimum monthly spend during the term of the contract. Payments made to this third-party provider were $0.4 million during the three months ended April 30, 2026. The following table provides the future minimum payments over the term of the noncancelable contracts (in thousands): Three Months Ended April 30, Amount 2027 (remaining) 5,225 2028 7,400 Total $ 12,625 Contingencies The Company reviews its lawsuits, regulatory inquiries, and other legal proceedings on an ongoing basis and provides disclosure and records loss contingencies in acc …

CommitmentsAndContingenciesDisclosureTextBlock · excerpt; the full note is in the filing

Financing Activities Revolving Line of Credit On October 31, 2024, the Company entered into a credit agreement (the Original Credit Agreement) with a third-party financial institution to provide a revolving line of up to $50.0 million (the Revolver) with a maturity date of October 30, 2025. Interest accrued on the outstanding principal balance is at (i) the base rate, plus 1.0% per annum or (ii) Adjusted Daily Simple SOFR (as defined in the Original Credit Agreement), plus 2.0% per annum. The base rate is defined as the highest of (i) the Prime Rate (as defined in the Original Credit Agreement); (ii) the Federal Funds Rate (as defined in the Original Credit Agreement), plus 0.50%; and (iii) Adjusted Daily Simple SOFR plus 1.00%, and is payable on a monthly basis. On October 14, 2025, the Company entered into an amended and restated credit agreement (the Credit Agreement) with the same third-party financial institution acting as administrative agent to provide a revolving line of up to $250.0 million (the Amended Revolver), including a subfacility of up to $25.0 million for letters of credit. This Credit Agreement replaced the Original Credit Agreement entered into on October 31, 2024. Interest accrues on the outstanding principal balance, at the Companys option, is at either (i) the base rate determined by the highest of the prime rate, the federal funds effective rate plus 0.50% and the adjusted daily SOFR plus the 1.00%, or (ii) the adjusted daily SOFR plus the applicable i …

DebtDisclosureTextBlock · excerpt; the full note is in the filing

Stock-Based Compensation In January 2008, the Company adopted the 2008 Equity Incentive Plan (the 2008 Plan), which was most recently amended in October 2017 and subsequently terminated in connection with the adoption of the Companys 2017 Plan (as defined below). The 2008 Plan allowed stock options to be granted to Company employees, officers, directors, advisors, consultants, and other service providers as either incentive stock options (ISOs) or non-statutory stock options (NSOs). ISOs could be granted only to the Companys employees. NSOs could be granted to the Companys service providers who were not employees. Under the 2008 Plan, options could be granted for terms no longer than 10 years from the date of the grant. In the case of an ISO grant to an optionee who, at the time the option is granted, owned stock representing more than 10% of the voting power of all classes of stock of the Company or any parent or subsidiary, the term of the option was five years from the date of grant. ISOs and NSOs generally vested at a rate of 25% on the first anniversary of the grant date and then ratably over the next three years. Upon termination of employment, any unvested shares were automatically returned to the Company. Those shares were added back to the plan and made available for future grants. The 2008 Plan was terminated in 2017, but the awards granted previously still vest. At April 30, 2026 and January 31, 2026, no shares from the 2008 Plan remained available for future grant …

DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock · excerpt; the full note is in the filing

Fair Value Measurements Fair value is defined as the price that would be received from the sale of an asset or paid to transfer a liability in an orderly transaction between market participants on the measurement date. Assets and liabilities recorded at fair value are measured using a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value. These tiers are: Level 1 Observable inputs that reflect quoted prices (unadjusted) available in active markets for identical assets or liabilities. Level 2 Inputs other than quoted prices in active markets that are either directly or indirectly observable. Level 3 Unobservable inputs for which little or no market data exists, therefore requiring the Company to develop its own assumptions that market participants would use in pricing the asset or liability, including assumptions about risk. A financial instruments level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. In addition, the Company considers and uses all valuation methods that are appropriate in estimating the fair value of an asset or liability. The following tables summarize the fair value of financial assets and liabilities and their classification by level of input within the fair value hierarchy as of April 30, 2026 and January 31, 2026 ( in thousands ): Financial Assets and Liabilities at Fair Value Total Level 1 Level 2 Level 3 April 30, 2026 Assets Cash equivalen …

FairValueDisclosuresTextBlock · excerpt; the full note is in the filing

Income Taxes Three Months Ended April 30, 2026 2025 Income before income taxes $ 17,430 $ 34,111 Provision for (benefit from) income taxes 4,596 8,164 Effective tax rate 26.4 % 23.9 % Each quarter, the Companys tax provision for interim periods is determined by using an estimated annual effective tax rate, adjusted for discrete items arising in that quarter. The Company updates the estimated annual effective tax rate quarterly and makes a year-to-date adjustment to the provision. The Companys effective tax rate was 26.4% and 23.9% for the three months ended April 30, 2026 and 2025. The difference between the effective tax rate and the federal statutory tax rate for each period was primarily due to state income taxes and permanent non-deductible expenses, which were partially offset by federal and state research and development tax credits. …

IncomeTaxDisclosureTextBlock · excerpt; the full note is in the filing

Leases The Company has three noncancelable operating leases for its offices with remaining lease terms ranging from 7 months to 26 months . All leases require the Company to pay annual operating, tax or utilities expenses, which are included in the variable lease costs. The Company utilizes its incremental borrowing rate in determining the present value of lease payments, as the implicit rate is not readily determinable. The components of lease cost for operating leases for the three months ended April 30, 2026 and 2025 were as follows ( in thousands ): Three Months Ended April 30, 2026 2025 Operating lease cost $ 995 $ 965 Variable lease cost 330 254 Total lease cost $ 1,325 $ 1,219 Supplemental cash flow information related to leases was as follows ( in thousands ): Three Months Ended April 30, 2026 2025 Cash paid for amounts included in the measurement of lease liabilities: Payments for operating leases $ 1,139 $ 1,079 The following table summarizes the lease-related assets and liabilities recorded in the c ondensed c onsolidated balance sheet at April 30, 2026 and January 31, 2026 ( in thousands ): April 30, January 31, 2026 2026 Operating lease ROU assets $ 7,834 $ 8,696 Current operating lease liabilities 4,157 4,101 Noncurrent operating lease liabilities 5,229 6,292 Total operating lease liabilities $ 9,386 $ 10,393 Lease term and discount rate were as follows: April 30, January 31, 2026 2026 Weighted-average remaining lease term (years) 2.15 2.40 Weighted-average disc …

LesseeOperatingLeasesTextBlock · excerpt; the full note is in the filing

Recent Accounting Pronouncements Adopted There were no new accounting pronouncements adopted during the three months ended April 30, 2026 that materially impacted the condensed consolidated financial statements and related disclosures. Recent Accounting Pronouncements Not Yet Adopted In October 2023, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2023-06, Disclosure Improvements: Codification Amendments in Response to the SECs Disclosure Update and Simplification Initiative . The amendments are expected to impact various disclosure areas, including the statement of cash flows, accounting changes and error corrections, earnings per share, debt, derivatives, and transfer of financial assets. The amendments will become effective on the date the related disclosures are removed from Regulation S-X or Regulation S-K by the SEC, and will no longer be effective if the SEC has not removed the applicable disclosure requirement by June 30, 2027. Early adoption is prohibited. The Company is currently evaluating the impact of these amendments on the condensed consolidated financial statements. In March 2024, the SEC adopted final rules, The Enhancement and Standardization of Climate-Related Disclosures for Investors , Release Nos. 33-11275 and 34-99678. The rules would have required registrants to provide certain climate-related information in their registration statements and annual reports. In April 2024, the SEC stayed the effectiveness of the …

NewAccountingPronouncementsPolicyPolicyTextBlock · excerpt; the full note is in the filing

Related Party Transactions Related party transactions may include any transaction between the Company and entities under common control or with a related party. The Company defines related parties as members of the board of directors, executive officers, existing investors holding 10% or more of the Companys outstanding voting stock, principal owners of the Companys outstanding stock and any immediate family members of each related party, as well as any other person or entity with significant influence over the management or operations of the Company. In July 2024, in connection with the acquisition of Unified National Mortgage LLC (renamed Wealthfront Home Lending, LLC), the Company entered into a series of management and financing agreements with the Companys Chief Executive Officer, Wealthfront Home Lending, and Wealthfront Holdings LLC (Holdings LLC), the purchasing entity. Through these agreements, the Company directs the significant activities of Wealthfront Home Lending and absorbs all associated benefits and losses from Wealthfront Home Lending. As of and during the three months ended April 30, 2026 and 2025, the assets, liabilities and activities of Wealthfront Home Lending and Wealthfront Holdings were immaterial to the Companys condensed consolidated financial statements. On February 16, 2026, the Company entered into an equity purchase agreement (the Purchase Agreement) with David Fortunato, the Companys Chief Executive Officer, President and director. Pursuant to …

RelatedPartyTransactionsDisclosureTextBlock · excerpt; the full note is in the filing

Revenue Disaggregation of Revenue The principal categories the Company uses to disaggregate revenue reflect the type of service from w hich the revenue is generated, which is consistent with the presentation in the condensed consolidated statements of operations. Contract Balances The revenue streams identified as being generated through contracts with clients are outlined in Note 2. Summary of Significant Accounting Policies of the audited annual consolidated financial statements for the fiscal year ended January 31, 2026 are all settled in arrears, in accordance with the Companys contracts with the applicable counterparties. Receivables relate to the Companys unconditional right to receive payment for its performance completed under the contract. The Company does not have deferred revenue as of April 30, 2026 and January 31, 2026. No other contract assets or liabilities existed as of April 30, 2026 and January 31, 2026. The table below sets forth the opening and closing balances for accounts receivable from contracts with clients (in thousands): Cash Management Receivable Investment Advisory Receivable Other Receivable Total Accounts Receivable Closing Balance, January 31, 2026 $ 23,603 $ 9,001 $ 523 $ 33,127 Change (3,297) 57 (136) (3,376) Closing Balance, April 30, 2026 $ 20,306 $ 9,058 $ 387 $ 29,751 …

RevenueFromContractWithCustomerTextBlock · excerpt; the full note is in the filing

Summary of Significant Accounting Policies Basis of Presentation The accompanying condensed consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (GAAP) and the applicable rules and regulations of the SEC for interim financial reporting. Certain information and note disclosures included in the Companys annual financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. These unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes included in our Annual Report on Form 10-K for the year ended January 31, 2026 (2026 Form 10-K). The condensed consolidated financial statements include the accounts of Wealthfront and its wholly owned subsidiaries. All intercompany balances and transactions have been eliminated upon consolidation. Segment Information Operating segments are defined as components of an enterprise for which separate financial information is evaluated regularly by the chief operating decision maker (CODM) in deciding how to allocate resources and assess performance. The Companys CODM is its Chief Executive Officer (CEO). The Company operates and reports financial information in one operating segment. This is because the CODM considers company-wide key performance metrics and utilizes consolidated net income to allocate resources and determine performance. T …

SignificantAccountingPoliciesTextBlock · excerpt; the full note is in the filing

Common Stock As of April 30, 2026 and January 31, 2026, the Company was authorized to issue 214.6 million shares of common stock, with a par value of $0.0001 per share. Each share of voting common stock has the right to one vote. The holders of common stock are also entitled to receive dividends whenever funds are legally available and when declared by the board of directors, subject to the prior rights of holders of all classes of stock outstanding having priority rights to dividends, and subject to beneficial ownership limitations applicable to certain regulated stockholders. No dividends have been declared by the board of directors from the Companys inception th rough April 30, 2026 . Common Stock Reserved for Future Issuance At April 30, 2026 and January 31, 2026 , the Company reserved the following shares of common stock for issuance: April 30, January 31, 2026 2026 Common stock warrants 1,378,963 1,953,463 Other stock awards issued 37,934,770 39,505,733 Authorized for future stock awards or stock options 27,508,041 27,856,967 Total shares of common stock reserved 66,821,774 69,316,163 …

StockholdersEquityNoteDisclosureTextBlock · excerpt; the full note is in the filing

Subsequent Events The Company has evaluated subsequent events from the condensed consolidated balance sheets date through June 12, 2026, the issuance date of the condensed consolidated financial statements. Subsequent to April 30, 2026, the Company repurchased an additional 1.7 million shares of its common stock under its authorized share repurchase program for an aggregate settlement amount of $15.7 million. There have been no other material subsequent events other than previously disclosed that occurred during such period that would require disclosure or would be required to be recognized in the consolidated financial statemen ts as of April 30, 2026 .

SubsequentEventsTextBlock