earnings
confidence high
sentiment positive
materiality 0.75
Wealthfront reports record Q3 revenue $93.2M, net income $30.9M, Platform Assets $92.8B
WEALTHFRONT CORP
- Revenue up 16% YoY to $93.2M; net income $30.9M (33% margin); diluted EPS $0.21.
- Adjusted EBITDA $43.8M (+24% YoY), margin 47% vs 44% prior year.
- Platform assets $92.8B (+21% YoY); Cash Mgmt $47.0B, Investment Advisory $45.8B.
- Funded clients 1.38M (+20% YoY); net deposits $1.6B in quarter.
- First home mortgage originated; launched Nasdaq-100 Direct product.