Company: WLTH
Filing Date: 2025-09-23
Form Type: DRS/A
Source: 0001524566-25-000011
Chunk: 180

Company: WEALTHFRONT CORP
Filing Date: 2025-09-23
Form: DRS/A
Chunk 180
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 increased sequentially in each of the periods presented primarily driven by quarter over quarter increase in the daily average balance of investment advisory assets and the introduction of new investment advisory products.

Other Revenue

Other revenue has generally decreased sequentially in each of the periods presented, other than the fourth quarter of fiscal 2024 and first quarter of fiscal 2025, primarily attributable to discontinuing a product line in November 2024 and the decline in net interest margin revenue. A strategic decision was made in June 2024 to reduce the client borrowing rate for PLOC. This decision, unrelated to the interest rate environment, resulted in a decline in net interest margin revenue.

#### Total Costs and Operating Expenses
|                                    | (in thousands) |   | April 30, 2023 |     |   | July 31, 2023 |     |   | October 31, 2023 |     |   | January 31, 2024 |     |   | April 30, 2024 |     |   | July 31, 2024 |     |   | October 31, 2024 |     |   | January 31, 2025 |     |   | April 30, 2025 |     |   | July 31, 2025 |
|:-----------------------------------|:---------------|:--|---------------:|:----|:--|--------------:|:----|:--|-----------------:|:----|:--|-----------------:|:----|:--|---------------:|:----|:--|--------------:|:----|:--|-----------------:|:----|:--|-----------------:|:----|:--|---------------:|:----|:--|--------------:|
| Cost of revenue                    |                | $ |          5,026 |     | $ |         5,649 |     | $ |            5,798 |     | $ |            6,425 |     | $ |          6,730 |     | $ |         7,703 |     | $ |            7,988 |     | $ |            8,543 |     | $ |          8,668 |     | $ |         9,587 |
| Product development                |                |   |         14,429 |     |   |        15,948 |     |   |           13,760 |     |   |           13,421