Wealthfront surpassed $100 billion in total platform assets for the first time in August, ending the month at $100.9 billion, the company said on its fiscal second quarter 2027 earnings call. Total platform assets grew 12% year-over-year to $99 billion at quarter end, with investment advisory assets up 30% year-over-year to $54.1 billion and cash management assets down 4% to $44.9 billion. Revenue for the quarter came in at $91.9 million, up 1% year-over-year, while adjusted EBITDA of $38.1 million was down 15% and reflected a 41% adjusted EBITDA margin. GAAP diluted net income was $17.6 million, or $0.10 a share, and the company repurchased 3.3 million shares for approximately $30 million during the quarter. Wealthfront also said it will complete the transition of its stock investing account to the broker dealer and rename it the Wealthfront Brokerage Account in October, and it plans to enter Washington, Florida, Illinois, and Oregon with Wealthfront Home Lending in the coming months.
Wealthfront Corporation Common StockWealthfront topped $100B in platform assets and reported Q2 revenue of $91.9M with $17.6M net income and a $30M buyback.
