Company: WLTH
Filing Date: 2025-12-12
Form Type: 424B4
Source: 0001628280-25-056780
Chunk: 177

Company: WEALTHFRONT CORP
Filing Date: 2025-12-12
Form: 424B4
Chunk 177
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 software.

See the section titled “Components of Operations—Costs and Operating Expenses” for additional information.

Product Development

Product development expenses increased by $6.1 million, or 41%, and $12.1 million, or 41%, for the three and six months ended July 31, 2025, respectively, compared to the same periods in the prior year. The increase was primarily due to an increase of $5.8 million and $11.4 million in personnel-related expenses due to increased headcount for the three and six months ended July 31, 2025, respectively, compared to the same periods in the prior year, which reflected a $0.9 million and $1.6 million decrease in stock-based compensation for the three and six months ended July 31, 2025, respectively, compared to the same periods in the prior year.

General and Administrative

General and administrative expenses increased by $1.7 million, or 24%, and $4.9 million, or 35%, for the three and six months ended July 31, 2025, respectively, compared to the same periods in the prior year. The increase was primarily due to an increase of $0.6 million and $2.4 million in professional fees for the three and six months ended July 31, 2025, respectively, compared to the same periods in the prior year, and an increase of $1.0 million and $1.8 million in personnel-related expenses due to increased headcount for the three and six months ended July 31, 2025, respectively, compared to the same periods in the prior year.

Marketing

| (in thousands, except percentages) |     | 2024 | Three Months Ended July 31, |     | 2025 |       |     | $ Change |        |     | % Change |     |   |     | 2024 | Six Months Ended July 31, |     | 2025 |        |     | $ Change |        |     | % Change |     |   |
|:-----------------------------------|:----|:-----|----------------------------:|:----|:-----|------:|:----|:---------|-------:|:----|:---------|----:|:--|:----|:-----|--------------------------:|:----|:-----|-------:|:----|:---------|-------:|:----|:---------|----:|:--|
| Performance and