Company: WLTH
Filing Date: 2025-12-02
Form Type: S-1/A
Source: 0001628280-25-054592
Chunk: 185

Company: WEALTHFRONT CORP
Filing Date: 2025-12-02
Form: S-1/A
Chunk 185
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 periods in the prior year, primarily due to the release of the $70.8 million valuation allowance on our U.S. federal and state deferred tax assets, leading to an increase of $2.7 million and $42.6 million in deferred federal tax expense for the three and six months ended July 31, 2025, respectively, compared to the same periods in the prior year, an increase of $0.2 million and $16.9 million in deferred state tax expense for the three and six months ended July 31, 2025, respectively, compared to the same periods in the prior year, and an increase of $3.1 million and $8.0 million in federal income expense for the three and six months ended July 31, 2025, respectively, compared to the same periods in the prior year. For additional information, refer to Note 14. — Income Taxes to our condensed consolidated financial statements included in this prospectus.

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#### Comparison

#### of Fiscal Years Ended January 31, 2024 and 2025

#### Total Revenue
|                     | (in thousands, except percentages) | Fiscal Year Ended January 31, |    2024 |     |   |    2025 |     |   | $ Change |     |     | % Change |   |
|:--------------------|:-----------------------------------|:------------------------------|--------:|:----|:--|--------:|:----|:--|---------:|:----|:----|---------:|:--|
| Cash management     |                                    | $                             | 154,800 |     | $ | 230,946 |     | $ |   76,146 |     |     |       49 | % |
| Investment advisory |                                    |                               |  56,095 |     |   |  73,045 |     |   |   16,950 |     |     |       30 | % |
| Other revenue       |                                    |                               |   5,819 |     |   |   4,868 |     |   |     -951 |     |     |      -16 | % |
| Total revenue       |                                    | $                             | 216,714 |     | $ | 308,859 |     | $ |   92,145 |     |     |       43 | % |

Total revenue increased by $92.1 million, or 43%,