Company: WLTH
Filing Date: 2025-12-12
Form Type: 424B4
Source: 0001628280-25-056780
Chunk: 180

Company: WEALTHFRONT CORP
Filing Date: 2025-12-12
Form: 424B4
Chunk 180
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     | $ Change |        |     | % Change |      |   |
|:------------------------------------------|:----|:-----|----------------------------:|:--|:----|:-----|------:|:--|:----|:---------|------:|:----|:---------|:----|:---|:----|:-----|--------------------------:|:--|:----|:-----|-------:|:--|:----|:---------|-------:|:----|:---------|-----:|:--|
| Provision for (benefit from) income taxes |     | $    |                        -655 |   |     | $    | 5,130 |   |     | $        | 5,785 |     |          |     | NM |     | $    |                   -54,063 |   |     | $    | 13,294 |   |     | $        | 67,357 |     |          | -125 | % |
| Effective income tax rate                 |     |      |                        -2.0 | % |     |      |  12.9 | % |     |          |       |     |          |     |    |     |      |                     -69.1 | % |     |      |   18.0 | % |     |          |        |     |          |      |   |

Provision for (benefit from) income taxes increased by $5.8 million, and $67.4 million for the three and six months ended July 31, 2025, respectively, compared to the same 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,