Wealthfront Corporation announced its financial results for the fiscal third quarter ended October 31, 2025, with record total revenue of $93.2 million and net income of $30.9 million.
The company's total platform assets reached a record $92.8 billion, marking a 21% increase.
Adjusted EBITDA grew by 24% to $43.8 million, with a margin of 47%.
Strong Revenue Growth
Total revenue increased by 16% year-over-year, driven by growth in total platform assets.
Record Net Income Margin
Achieved a net income margin of 33%, showcasing profitability and efficiency in operations.
Product Innovation
Introduced Nasdaq-100 Direct and originated the first home mortgage during the quarter, enhancing service offerings.
Client Growth
Funded clients grew by 20% year-over-year, reaching 1.38 million, reflecting continued user acquisition and retention efforts.
Financial Performance
Maintained a strong cash flow position with net cash provided by operating activities of $41.5 million and free cash flow of $41.3 million.
- Wealthfront's fiscal third quarter results demonstrate sustainable growth and strategic business decisions, leading to increased revenue and profitability.
- The company's focus on innovation with new product launches and expansion into new services positions it well for continued success in the digital financial services sector.
Overall, Wealthfront's performance in the fiscal third quarter underscores its ability to drive growth, enhance services, and maintain financial strength in a competitive market.