Company: WLTH
Filing Date: 2025-06-18
Form Type: DRS
Source: 0001628279-25-000372
Chunk: 4

Company: WEALTHFRONT CORP
Filing Date: 2025-06-18
Form: DRS
Chunk 4
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 taking into account the effect of compounding interest.

“Cash account fees” means fees earned from program banks in our cash sweep program with respect to clients’ cash account assets swept to each program bank.

“Client retention rate” is calculated as (x) 1 minus (y) the number of churned clients in the period divided by funded clients at the end of the immediately preceding period.

“Churned client” means a funded client whose account balance drops to or below zero and has not completed a transaction using any account for at least 45 consecutive calendar days.

“Digital natives” mean individuals born after 1980 (i.e., Millennials, Gen Z, and later generations).

“Global Financial Crisis” or “GFC” means the global financial crisis of 2007 to 2009.

“Gross margin” means the percentage of revenue remaining after covering direct costs of delivering our platform, products and services, as reflected in cost of revenue.

“ETF” stands for exchange-traded fund.

“FDIC” stands for Federal Deposit Insurance Corporation.

“Funded clients” means clients who have at least one open account with Wealthfront in which the outstanding value of assets is greater than zero or has been greater than zero on at least one occasion, as of a specified point in time. The number of funded clients is as of a stated date.

“Net deposits” means the value of all assets our clients have placed into products on our platform, net of withdrawals, over a defined period of time. We exclude changes in value attributable to financial market movements from this metric.

“Net income margin” means the percentage of total revenue remaining as net income after the deduction of all expenses, taxes, and interest.

“Net revenue retention” is calculated by dividing total revenue in the current period from all funded clients that existed at the beginning of the period, by total revenue from those same clients in the prior period, inclusive of any clients that have churned. Revenue from new clients acquired during the period is excluded from this calculation.

“Platform assets” means the total value of financial assets held by clients in their accounts as of a stated date on our platform.

“Program banks” means FDIC-insured banks to which we sweep our clients’ cash account assets.

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### PROSPECTUS SUMMARY
The following summary highlights selected information that is presented in greater detail elsewhere in this prospectus. This summary does not contain all of the information you should consider before investing in our common stock. This summary