Company: WLTH
Filing Date: 2025-12-02
Form Type: S-1/A
Source: 0001628280-25-054592
Chunk: 172

Company: WEALTHFRONT CORP
Filing Date: 2025-12-02
Form: S-1/A
Chunk 172
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 support to increase on an absolute basis. As a percentage of revenue, we expect operations and support expenses to decrease in the long term as we benefit from the scalability of our platform.

#### Interest Expense
Interest expense primarily consists of interest expense related to the Bridge Loan (as defined below) from a related party.

#### Other Expense (Income), Net
Other expense (income), net primarily consists of fair value changes arising from remeasurements of our convertible note, warrant liabilities, and SAFEs.

#### Provision for (Benefit From) Income Taxes
The provision for (benefit from) income taxes primarily consists of federal, state, and local income taxes. Our effective tax rate fluctuates from period to period due to changes in the mix of income and losses in jurisdictions with a wide range of tax rates, changes resulting from the amount of recorded valuation allowance, permanent differences between GAAP and local tax laws, certain one-time items, and changes in tax contingencies.

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#### Results

### of Operations
The results of operations presented below should be reviewed in conjunction with the condensed consolidated financial statements and notes included elsewhere in this prospectus.

| (in thousands)                            |     | 2024 | Fiscal Year Ended January 31, |     | 2025 |         |     | 2024 | Three Months Ended July 31, |     | 2025 |        |     | 2024 | Six Months Ended July 31, |     | 2025 |         |
|:------------------------------------------|:----|:-----|------------------------------:|:----|:-----|--------:|:----|:-----|----------------------------:|:----|:-----|-------:|:----|:-----|--------------------------:|:----|:-----|--------:|
| Revenue:                                  |     |      |                               |     |      |         |     |      |                             |     |      |        |     |      |                           |     |      |         |
| Cash management                           |     | $    |                       154,800 |     | $    | 230,946 |     | $    |                      58,331 |     | $    | 68,873 |     | $    |                   108,733 |     | $    | 133,139 |
| Investment advisory                       |     |      |                        56,095 |     |      |  73,045 |     |      |                      17,