Company: WLTH
Filing Date: 2025-09-23
Form Type: DRS/A
Source: 0001524566-25-000011
Chunk: 179

Company: WEALTHFRONT CORP
Filing Date: 2025-09-23
Form: DRS/A
Chunk 179
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        58,331 |     | $ |           60,157 |     | $ |           62,056 |     | $ |         64,266 |     | $ |        68,873 |
| Investment advisory |                |   |         12,761 |     |   |        13,951 |     |   |           14,189 |     |   |           15,194 |     |   |         16,383 |     |   |        17,889 |     |   |           19,141 |     |   |           19,632 |     |   |         19,874 |     |   |        22,040 |
| Other revenue       |                |   |          1,649 |     |   |         1,492 |     |   |            1,266 |     |   |            1,412 |     |   |          1,535 |     |   |         1,330 |     |   |            1,011 |     |   |              992 |     |   |            374 |     |   |           210 |
| Total revenue       |                | $ |         39,798 |     | $ |        53,822 |     | $ |           62,868 |     | $ |           60,226 |     | $ |         68,320 |     | $ |        77,550 |     | $ |           80,309 |     | $ |           82,680 |     | $ |         84,514 |     | $ |        91,123 |

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Total revenue has increased sequentially in each of the periods presented, other than the fourth quarter of fiscal 2024, primarily driven by an increase in cash management and investment advisory assets.

Cash Management

Cash management revenue has generally increased sequentially in each of the periods presented, other than the fourth quarter of fiscal 2024, primarily attributable to quarter over quarter increase in the daily average balance of cash management assets. In November 2023, we increased the APY our clients receive on their program deposits without an associated increase in the benchmark. As a result, the average fee rate received for the delivery of cash management services declined in the fourth quarter of fiscal 2024, compared to the prior quarter.

Investment Advisory

Investment advisory revenue has