Company: WLTH
Filing Date: 2025-09-29
Form Type: S-1
Source: 0001628280-25-043113
Chunk: 172

Company: WEALTHFRONT CORP
Filing Date: 2025-09-29
Form: S-1
Chunk 172
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 the section titled “—Components of Operations—Revenue” for additional information.

24 Wealthfront accrues and/or recognizes cash management revenue on a daily basis. The chart shows resulting averages for the periods presented.

<div align='center'>124</div>

Investment Advisory 25

|                                                                         | (in millions, except annualized rate and percentages) | Fiscal Year Ended January 31, |   2024 |   |     |   |   2025 |   |     |   | Change |   |     |     | % Change |   |
|:------------------------------------------------------------------------|:------------------------------------------------------|:------------------------------|-------:|:--|:----|:--|-------:|:--|:----|:--|-------:|:--|:----|:----|---------:|:--|
| Investment advisory assets (off-balance sheet), beginning of the period |                                                       | $                             | 24,083 |   |     | $ | 28,240 |   |     | $ |  4,157 |   |     |     |       17 | % |
| Investment advisory assets (off-balance sheet), end of the period       |                                                       |                               | 28,240 |   |     |   | 37,764 |   |     |   |  9,524 |   |     |     |       34 | % |
| Average(1)                                                              |                                                       |                               | 26,162 |   |     |   | 33,002 |   |     |   |  6,840 |   |     |     |       26 | % |
| Investment advisory revenue                                             |                                                       | $                             |   56.1 |   |     | $ |   73.0 |   |     | $ |   17.0 |   |     |     |       30 | % |
| Annualized investment advisory fee rate(2)                              |                                                       |                               |   0.21 | % |     |   |   0.22 | % |     |   |   0.01 | % |     |     |        3 | % |

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(1) Average balance rows represent the simple average of the beginning of period and end of period balances.

(2) Annualized investment advisory fee rate.

Investment advisory revenue increased by $17.0 million, or 30%, for the fiscal year ended January 31, 2025,