Company: WLTH
Filing Date: 2025-12-12
Form Type: 424B4
Source: 0001628280-25-056780
Chunk: 176

Company: WEALTHFRONT CORP
Filing Date: 2025-12-12
Form: 424B4
Chunk 176
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 |      |                      11,531 |     |      |  9,093 |     |          | -2,438 |     |          | -21 | % |     |      |                    21,909 |     |      |  19,281 |     |          | -2,628 |     |          | -12 | % |
| Operations and support             |     |      |                       2,575 |     |      |  3,063 |     |          |    488 |     |          |  19 | % |     |      |                     5,075 |     |      |   5,988 |     |          |    913 |     |          |  18 | % |
| Total costs and operating expenses |     | $    |                      44,071 |     | $    | 51,843 |     | $        |  7,772 |     |          |  18 | % |     | $    |                    84,670 |     | $    | 103,723 |     | $        | 19,053 |     |          |  23 | % |

Cost of Revenue

Cost of revenue increased by $1.9 million, or 24%, and $3.8 million, or 26%, 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 $0.7 million and $1.7 million in cash management costs for the three and six months ended July 31, 2025, respectively, compared to the same periods in the prior year. The increase in cash management costs was primarily due to increased cash assets held by clients in the cash sweep program;

• an increase of $0.9 million and $1.5 million in brokerage platform fees for the three and six months ended July 31, 2025, respectively, compared to the same periods in the prior year. The increases in brokerage platform costs were primarily due to an increase in money movement volumes, clients and accounts ; and

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• an increase of $0.3 million and $0.6 million in other cost of revenue for the three and six months ended July 31, 2025, respectively, compared to the same periods in the prior year due primarily to increased amortization of internally developed