WEALTHFRONT CORP
For the period ended Oct 31, 2025. Filed Jan 23, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Oct 31, 2025 · Filed Jan 23, 2026
WLTH$10.93-2.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
| Nine Months Ended October 31, | ||
|---|---|---|
| (in thousands) | 2025 | 2024 |
| Operating activities | ||
| Net income | $91,589 | $162,355 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization of property, software, and equipment, net | 5,568 | 4,457 |
| Non-cash lease expense | 2,421 | 2,283 |
| Cash interest paid on convertible note | — | (904) |
| Non-cash interest expense on related-party long-term debt | — | 2,101 |
| Deferred income taxes | 14,494 | (59,534) |
| Stock-based compensation expense | 11,536 | 7,244 |
| Impairment of internally developed software | 709 | — |
| Change in fair value of convertible note | — | (16,927) |
| Change in fair value of warrant liabilities | (23) | 458 |
| Change in fair value of simple agreement for future equity | 285 | 924 |
| Changes in operating assets and liabilities: | ||
| Due from clients | (72,552) | (25,842) |
| Accounts receivable | (2,944) | (7,299) |
| Other current and noncurrent assets | (13,373) | (4,304) |
| Accounts payable | 3,126 | 3,258 |
| Accrued liabilities | 4,860 | 5,459 |
| Due to clients | 2,961 | 6,304 |
| Payable to clearing broker | 72,952 | 25,724 |
| Lease liabilities | (2,725) | (2,522) |
| Net cash provided by operating activities | 118,883 | 103,235 |
| Investing activities | ||
| Purchases of property, software, and equipment | (830) | (502) |
| Capitalized internally developed software | — | (4,395) |
| Net cash used in investing activities | (830) | (4,897) |
| Financing activities | ||
| Repayment of convertible note | — | (29,122) |
| Proceeds from exercise of stock options, including early exercises | 7,161 | 2,293 |
| Repurchase of common stock | (265) | (23,482) |
| Net cash provided by (used in) financing activities | $6,896 | $(50,311) |
| Net increase in cash and cash equivalents, cash segregated and on deposit for regulatory purposes, and restricted cash | 124,949 | 48,027 |
| Cash and cash equivalents, cash segregated and on deposit for regulatory purposes, and restricted cash at the beginning of the period | 154,553 | 95,792 |
| Cash and cash equivalents, cash segregated and on deposit for regulatory purposes, and restricted cash at the end of the period | $279,502 | $143,819 |
| Supplemental disclosures of cash flow information | ||
| Cash paid for income taxes | $2,661 | $5,156 |
| Cash paid for interest | $6,267 | $4,495 |
| Non-cash investing activities | ||
| Stock-based compensation included in capitalized internally developed software | $— | $1,358 |
| Non-cash recognition of new lease | $737 | $— |
| Non-cash financing activities | ||
|---|---|---|
| Change in early exercise of options liability | $— | $153 |
| Retirement of common stock | $— | $(1,000) |
| The following presents cash and cash equivalents, cash segregated and on deposit for regulatory purposes, and restricted cash | ||
| Cash and cash equivalents | $266,191 | $132,858 |
| Cash segregated and on deposit for regulatory purposes | 10,701 | 8,351 |
| Restricted cash in other noncurrent assets | 2,610 | 2,610 |
| Total cash and cash equivalents, cash segregated and on deposit for regulatory purposes, and restricted cash | $279,502 | $143,819 |
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