Company: WLTH
Filing Date: 2025-12-11
Form Type: S-1/A
Source: 0001628280-25-056439
Chunk: 433

Company: WEALTHFRONT CORP
Filing Date: 2025-12-11
Form: S-1/A
Chunk 433
---
 each period is primarily due to the release in the valuation allowance on federal and state net deferred tax assets. The Company’s effective tax rate was 12.9% and 18.0% for the three and six months ended July 31, 2025. The primary difference between the effective tax rate and the federal statutory tax rate for each period was primarily due to nondeductible expenses and research and development tax credits.

On July 4, 2025, the One Big Beautiful Bill Act (“OBBBA”), was enacted into law in the United States. The OBBBA introduces significant changes to U.S. tax law, including full expensing of qualified capital expenditures, full expensing of domestic research and development expenditures, changes to the business interest limitation, and modifications to the international tax framework. The Company is still evaluating the impact of the OBBBA; however, we do anticipate a material reduction in current income tax expense for the year, primarily driven by the permanent reinstatement of full expensing of domestic research and development expenditures, with no material impact to the effective tax rate.

<div align='center'>F-55</div>

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

#### 15.
Earnings per Share Attributable to Common Stockholders

The following table sets forth the computation of basic and diluted earnings per share attributable to common stockholders for the periods presented (in thousands, except per share and share amounts):

| Basic earnings per share                                                                           
 Numerator:                                                                                         |     | Three Months Ended July 31, 
 2024                        |             |            |     | 2025 |             |            |     | Six Months Ended July 31, 
 2024                      |             |            |     | 2025 |             |            |
|:---------------------------------------------------------------------------------------------------|:----|:----------------------------|------------:|-----------:|:----|:-----|------------:|-----------:|:----|:--------------------------|------------:|-----------:|:----|:-----|------------:|-----------:|
| Net income attributable to common stockholders                                                     |     | $                           |      34,178 |            |     | $    |      34,741 |            |     | $                         |     132,309 |            |     | $    |      60,688 |            |
| Denominator:                                                                                       |     |                             |             |            |     |