Company: WLTH
Filing Date: 2025-12-02
Form Type: S-1/A
Source: 0001628280-25-054592
Chunk: 410

Company: WEALTHFRONT CORP
Filing Date: 2025-12-02
Form: S-1/A
Chunk 410
---
 and six months ended July 31, 2025. The impairment of internally developed software was recorded in product and development in the condensed consolidated statements of operations. The amortization

<div align='center'>F-45</div>

### WEALTHFRONT CORPORATION
<div align='center'>Notes to Unaudited Condensed Consolidated Financial Statements</div>

expense on capitalized internally developed software was $1.2 million and $2.4 million for the three and six months ended July 31, 2024, respectively, compared to $1.6 million and $3.2 million for the three and six months ended July 31, 2025, respectively.

#### 6.

#### Leases
The Company has three noncancelable operating leases for its offices, one of which has a lease term that expired in May 2025 and was not renewed. The second one has a lease term expiring in June 2028 and includes free rent periods and escalating rent payment provisions. The third lease commenced in May 2025 with free rent periods. 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 and six months ended July 31, 2024 and 2025 were as follows ( in thousands ):

|                      |     | 2024 | Three Months Ended July 31, |     | 2025 |       |     | 2024 | Six Months Ended July 31, |     | 2025 |       |
|:---------------------|:----|:-----|----------------------------:|:----|:-----|------:|:----|:-----|--------------------------:|:----|:-----|------:|
| Operating lease cost |     | $    |                         965 |     | $    |   979 |     | $    |                     1,939 |     | $    | 1,944 |
| Variable lease cost  |     |      |                         280 |     |      |   363 |     |      |                       462 |     |      |   616 |
| Total lease cost     |     | $    |                       1,245 |     | $    | 1,342 |     | $    |                     2,401 |     | $