Company: WLTH
Filing Date: 2025-12-02
Form Type: S-1/A
Source: 0001628280-25-054592
Chunk: 409

Company: WEALTHFRONT CORP
Filing Date: 2025-12-02
Form: S-1/A
Chunk 409
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|-------:|
| Closing Balance, July 31, 2025    |     | $                          | 22,781 |     | $                              | 7,724 |     | $                |     440 |     | $                         | 30,945 |

#### 5.

#### Property, Software, and Equipment, Net
Property, software, and equipment, net as of January 31, 2025 and July 31, 2025 consists of the following (in thousands):

|                                                 |     | 2025 | January 31, |     | 2025 | July 31, |
|:------------------------------------------------|:----|:-----|------------:|:----|:-----|---------:|
| Leasehold improvements                          |     | $    |       2,467 |     | $    |    2,475 |
| Computer equipment                              |     |      |       4,539 |     |      |    5,152 |
| Furniture and fixtures                          |     |      |         689 |     |      |      700 |
| Internally developed software                   |     |      |      37,702 |     |      |   36,993 |
| Total                                           |     |      |      45,397 |     |      |   45,320 |
| Less: accumulated depreciation and amortization |     |      |     -30,674 |     |      |  -34,380 |
| Property, software, and equipment, net          |     | $    |      14,723 |     | $    |   10,940 |

Depreciation expense related to property and equipment was $0.2 million and $0.4 million for the three and six months ended July 31, 2024, respectively, compared to $0.2 million and $0.5 million for the three and six months ended July 31, 2025, respectively.

The Company capitalized $2.2 million and $4.7 million in internally developed software during the three and six months ended July 31, 2024, respectively. No impairment of internally developed software was recorded during the three and six months ended July 31, 2024. The Company wrote-off $0.3 million and $0.7 million in internally developed software due to impairment during the three and six months ended July 31, 2025, respectively. No internally developed software was capitalized during the three