Company: WLTH
Filing Date: 2025-09-29
Form Type: S-1
Source: 0001628280-25-043113
Chunk: 170

Company: WEALTHFRONT CORP
Filing Date: 2025-09-29
Form: S-1
Chunk 170
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 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%, for the fiscal year ended January 31, 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 |   |
|:--------------------------------------------------------------------|:------------------------------------------------------|:------------------------------|-------:|:--|:----|:--|-------: