Company: WLTH
Filing Date: 2025-12-11
Form Type: S-1/A
Source: 0001628280-25-056439
Chunk: 186

Company: WEALTHFRONT CORP
Filing Date: 2025-12-11
Form: S-1/A
Chunk 186
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2025, compared to the prior year, primarily driven by an increase in cash management and investment advisory assets.

Cash Management 24

|                                                                     | (in millions, except annualized rate and percentages) | Fiscal Year Ended January 31, |   2024 |   |     |   |   2025 |   |     |   | Change |   |     |     | % Change |   |
|:--------------------------------------------------------------------|:------------------------------------------------------|:------------------------------|-------:|:--|:----|:--|-------:|:--|:----|:--|-------:|:--|:----|:----|---------:|:--|
| Cash management assets (off-balance sheet), beginning of the period |                                                       | $                             | 10,392 |   |     | $ | 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