Company: WLTH
Filing Date: 2025-12-12
Form Type: 424B4
Source: 0001628280-25-056780
Chunk: 182

Company: WEALTHFRONT CORP
Filing Date: 2025-12-12
Form: 424B4
Chunk 182
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     | $ | 29,361 |   |     | $ | 18,969 |   |     |     |      183 | % |
| Cash management assets (off-balance sheet), end of the period       |                                                       |                               | 29,361 |   |     |   | 42,411 |   |     |   | 13,050 |   |     |     |       44 | % |
| Average(1)                                                          |                                                       |                               | 19,877 |   |     |   | 35,886 |   |     |   | 16,009 |   |     |     |       81 | % |
| Cash management revenue                                             |                                                       |                               |  154.8 |   |     |   |  230.9 |   |     |   |   76.1 |   |     |     |       49 | % |
| Annualized cash management fee rate(2)                              |                                                       |                               |   0.78 | % |     |   |   0.64 | % |     |   |  -0.14 | % |     |     |      -17 | % |

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(1) Average balance rows represent the simple average of the beginning of period and end of period balances.

(2) Annualized cash management fee rate is calculated by annualizing revenue for the given period and dividing by the applicable average asset balance.

Cash management revenue increased by $76.1 million, or 49%, for the fiscal year ended January 31, 2025, compared to the prior year. The significant increase in cash management revenue was primarily attributable to an 81% increase, year over year, in the average balance of cash management assets and net deposits of $13.0 billion in the fiscal year ended January 31, 2025. In November 2023, we increased the APY our clients receive on their program deposits without an associated increase in the benchmark. As a result, the annualized cash management fee rate received for the delivery of cash management services declined by 17% in the fiscal year ended January 31, 2025, compared to the prior year. See the section titled “—Components of Operations—Revenue” for additional information.

24 Wealthfront accrues and/or recognizes cash management revenue on a daily basis. The chart shows resulting averages for the periods presented.

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Investment Advisory 25