earnings
confidence high
sentiment neutral
materiality 0.65
Wealthfront Q1 revenue $90.5M (+7% YoY), net income down 51% on IPO SBC
WEALTHFRONT CORP
- Revenue $90.5M (+7% YoY); Total Platform Assets $96.6B (+19% YoY) record.
- GAAP net income $12.8M vs $25.9M; diluted EPS $0.07 vs $0.18; SBC $17.1M from IPO dual-trigger.
- Adjusted EBITDA $37.5M (-1% YoY), margin 41% vs 45%; adjusted free cash flow $42.7M.
- Investment Advisory Assets $51.7B (+39% YoY) vs Cash Mgmt Assets $44.9B (+3%).
- Repurchased over 3M shares at avg $8.66 for $27M in open market.