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ValueScreener company report

Wealthfront Corporation (WLTH)

NASDAQ / Technology / Software - Application

Share price

11.18 USD Market dataClose of Oct 15, 2026

Market capitalisation

1.75B USD Market dataClose of Oct 15, 2026
Market data
Oct 15, 2026
Filed accounts
FY2026, filed Apr 24, 2026
Ratios computed
Oct 15, 2026
Filed years
3, FY2024 to FY2026
Four kinds of sourceSEC filingCompany statementMarket dataComputedWhat each means
SEC filingFiled with the SEC
Read from a statement the company filed with the SEC, with the form, fiscal year, filing date and accession beside it.
Company statementCompany statement
What the company says about itself in a filing: an 8-K item, the auditor, its own segment names.
Market dataMarket data
Prices, market value and what analysts publish, with the date they are as of.
ComputedComputed by ValueScreener
Worked out by us from the other three, with the inputs and the formula one press away. A score is a research output, not a rating or a recommendation.
Reading

1 of 10

Overview

What the business is, what it costs, and how it reads on four questions.

Market dataSEC filingComputed

Four questions, at a glance

Quality

Return on invested capital, after tax

-22.6% Computed

From the FY2026 filing

Read quality

Valuation

Price to earnings

n/m Computed

FY2026 accounts, priced at the latest close

Why n/m

Earnings are zero or negative, so a price to earnings multiple is not meaningful. A negative P/E is not a cheap company and a large positive one from a near-zero denominator is not an expensive one.

Read valuation

Cash generation

Free cash flow yield

n/a Computed

FY2026 accounts, priced at the latest close

Why n/a

We do not hold this figure for this company, so there is nothing to show.

Read cash generation

Revenue and net income, as filed

FY2024 Revenue: 216.7M USDFY2024 Net income: 77.0M USDFY2025 Revenue: 308.9M USDFY2025 Net income: 194.4M USDFY2026 Revenue: 365.0M USDFY2026 Net income: -42.1M USD
Revenue Net income3 filed fiscal years, from the annual reports; the table in Filings names each document.
Named tests met
0 of 30 Which tests
The business, and the score behind its five axes

The reading, in brief

Is it good

Return on invested capital was -22.6% in FY2026, in the band labelled "Likely below the cost of capital" (below 8.0%), on lines anchored on Damodaran's cost-of-capital data, suggesting returns below the usual cost of the capital employed.

Today, against the Software - Application industry (47 companies), -22.6% sits at the 10th percentile; the middle half of that group runs from 1.3% to 18.7%.

Is it safe

Debt to equity was 0.02 in FY2026, in the band labelled "Conservative" (below 0.50), on lines anchored on Graham's defensive-investor criteria, suggesting a balance sheet that relies little on borrowing.

Today, against the Software - Application industry (98 companies), 0.02 sits at the 17th percentile; the middle half of that group runs from 0.03 to 0.99.

Year by year against peers
Whether Wealthfront Corporation's return on equity stayed above the median of the Software - Application industry, year by year. (FY2025 to FY2026, 2 fiscal years of Wealthfront Corporation with a comparable figure)
What could explain it
What in Wealthfront Corporation's filed statements could explain the movements. (2 readings drawn from the statement lines Wealthfront Corporation filed)
What to check next
What to check next on Wealthfront Corporation, and where in its filings. (3 questions for Wealthfront Corporation)
In one paragraph
One paragraph on Wealthfront Corporation's returns, cash, balance sheet and price. (6 of sixteen figures read for Wealthfront Corporation)

These are WLTH’s filed figures. The research desk says what they mean, against peers and its own years, with what to check next.

Research WLTHPart of Serious. New accounts start with 30 days of Professional, free, no card.

2 of 10

What changed

The newest filing, what it moved, and when the next one is due.

SEC filingCompany statement

The newest accounts on file are the FY2026 annual report: 10-K, filed Apr 24, 2026, accession 0001628280-26-027232.

3 of 10

Quality

The returns the business earns on its capital, and the margins behind them.

SEC filingComputed

Wealthfront Corporation: returns on capital and margins, each with its source
FigureValue, source and document
Return on invested capital, after tax-22.6% ComputedFY2026 10-K, filed Apr 24, 2026, 0001628280-26-027232
Return on equity-6.8% ComputedFY2026 10-K, filed Apr 24, 2026, 0001628280-26-027232
Return on capital employed, pre-tax
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedFY2026 10-K, filed Apr 24, 2026, 0001628280-26-027232
Return on assets-3.0% ComputedFY2026 10-K, filed Apr 24, 2026, 0001628280-26-027232
Gross margin89.6% ComputedFY2026 10-K, filed Apr 24, 2026, 0001628280-26-027232
Operating margin
Why n/a

No operating income line is filed for this year.

n/a ComputedFY2026 10-K, filed Apr 24, 2026, 0001628280-26-027232
Net margin-11.5% ComputedFY2026 10-K, filed Apr 24, 2026, 0001628280-26-027232
WLTH -11.5%
ALKT -10.7%PRCH -0.7%PDFS -0.3%BL 3.5%APPS -6.7%
-11.5%3.5%
Net margin: WLTH against the 5 companies named under Valuation context, each as filed for its own latest year. Placement only: no average is drawn.

4 of 10

Financial strength

What it owes against what it owns, and whether it can meet what falls due.

SEC filingComputedCompany statement

Wealthfront Corporation: leverage, liquidity and distress, each with its source
FigureValue, source and document
Debt to equity0.02 ComputedFY2026 10-K, filed Apr 24, 2026, 0001628280-26-027232
Current ratio1.61 ComputedFY2026 10-K, filed Apr 24, 2026, 0001628280-26-027232
Quick ratio1.61 ComputedFY2026 10-K, filed Apr 24, 2026, 0001628280-26-027232
Interest coverage
Why n/a

No operating income line is filed for this year.

n/a ComputedFY2026 10-K, filed Apr 24, 2026, 0001628280-26-027232
Altman Z-score
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedClose of Oct 15, 2026 · FY2026 10-K, filed Apr 24, 2026, 0001628280-26-027232
Net debt-430.2M ComputedFY2026 10-K, filed Apr 24, 2026, 0001628280-26-027232
Total assets 1.42BTotal liabilities 801.0MShareholders' equity 614.7MOwnsOwes, and equity
Total assets Total liabilities Shareholders’ equity
The balance sheet, line by line

Financial health

What Wealthfront Corporation owned and owed at the end of fiscal 2026, from the balance sheet it filed (10-K, filed Apr 24, 2026, 0001628280-26-027232).

Wealthfront Corporation: balance sheet position
Total assets1.42B FiledFY2026 10-K, filed Apr 24, 2026
Total liabilities801.0M FiledFY2026 10-K, filed Apr 24, 2026
Shareholders' equity614.7M FiledFY2026 10-K, filed Apr 24, 2026
Cash440.8M FiledFY2026 10-K, filed Apr 24, 2026
Total debt10.6M FiledFY2026 10-K, filed Apr 24, 2026
Net debt-430.2M
Current ratio1.61
Debt to equity0.02
  • Interest cover: FY2026: No operating income line is filed for this year.

Read from the filed balance sheet for each year, with the income statement of the same year supplying operating profit where a ratio needs it. Nothing here is a view on whether this company is sound.

5 of 10

Valuation context

What the market charges for it, against its own record and companies like it.

Market dataSEC filingComputed

Wealthfront Corporation: what the market charges, each with its source
FigureValue, source and document
Price to earnings
Why n/m

Earnings are zero or negative, so a price to earnings multiple is not meaningful. A negative P/E is not a cheap company and a large positive one from a near-zero denominator is not an expensive one.

n/m ComputedClose of Oct 15, 2026 · FY2026 10-K, filed Apr 24, 2026, 0001628280-26-027232
P/E on trailing twelve months16.42x ComputedClose of Oct 15, 2026 · Trailing four quarters, each as known on the day; the quarterly filings are listed under Filings
Price to book
Why n/a

Held back: the last annual report's share count does not match today's, as after a split.

n/a ComputedClose of Oct 15, 2026 · FY2026 10-K, filed Apr 24, 2026, 0001628280-26-027232
Price to sales1.74x ComputedClose of Oct 15, 2026 · FY2026 10-K, filed Apr 24, 2026, 0001628280-26-027232
Enterprise value to EBIT
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedClose of Oct 15, 2026 · FY2026 10-K, filed Apr 24, 2026, 0001628280-26-027232
Enterprise value to EBITDA
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedClose of Oct 15, 2026 · FY2026 10-K, filed Apr 24, 2026, 0001628280-26-027232
Price to earnings over growth
Why n/m

Earnings are zero or negative, so a price to earnings multiple is not meaningful. A negative P/E is not a cheap company and a large positive one from a near-zero denominator is not an expensive one.

n/m ComputedClose of Oct 15, 2026 · FY2026 10-K, filed Apr 24, 2026, 0001628280-26-027232
Diluted earnings per share-0.76 USD FiledFY2026 10-K, filed Apr 24, 2026, 0001628280-26-027232
Graham number
Why n/m

Earnings are zero or negative, so a price to earnings multiple is not meaningful. A negative P/E is not a cheap company and a large positive one from a near-zero denominator is not an expensive one.

n/m ComputedFY2026 10-K, filed Apr 24, 2026, 0001628280-26-027232

We publish no fair value or price target of our own. Value WLTH on your own assumptions in the DCF workbench, starting from the filed figures.

Its own record, and companies like it

Valuation

What the market charges for Wealthfront Corporation today, and the multiples it has carried. No value of ours: the figures are the filings’ and the market’s.

Wealthfront Corporation: valuation
Share price11.18 USD
Market capitalisation1.75B USD
Enterprise value to EBITDAn/a
Graham numbern/m
Diluted earnings per share, FY2026-0.76 USD

Price to earnings on trailing twelve months, a different basis from the fiscal-year P/E above, since Apr 24, 2026: low 15.14x, median 15.68x, high 16.77x, latest 16.42x. 21 trading days with a meaningful ratio, 97 more on a loss and left out. Each close over the trailing twelve months of earnings as known that day: a quarter counts from the day it was filed.

Companies like Wealthfront Corporation

  1. Alkami Technology, Inc. (ALKT)Market cap 1.52B USD
  2. Porch Group, Inc. (PRCH)Market cap 2.00B USD
  3. PDF Solutions, Inc. (PDFS)Market cap 1.74B USD
  4. BlackLine, Inc. (BL)Market cap 1.77B USD
  5. Digital Turbine, Inc. (APPS)Market cap 1.28B USD

Same industry (Software - Application) and size band (Small, 300M to 2B), nearest in market value, net margin and current ratio. Each of those counts equally, by how many of the companies considered sit between the two on it. Closest first: the order is likeness and nothing else.

6 of 10

Cash generation

Whether profit arrives as cash, and what is paid back to shareholders.

Computed

Wealthfront Corporation: cash generation and what is paid out, each with its source
FigureValue, source and document
Free cash flow yield
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedClose of Oct 15, 2026 · FY2026 10-K, filed Apr 24, 2026, 0001628280-26-027232
Free cash flow
Why n/a

The FY2026 filing carries no free cash flow we could read.

n/a ComputedFY2026 10-K, filed Apr 24, 2026, 0001628280-26-027232
Free cash flow margin
Why n/a

No free cash flow, and no operating cash flow and capital expenditure pair, is filed for this year.

n/a ComputedFY2026 10-K, filed Apr 24, 2026, 0001628280-26-027232
Dividend yield
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedClose of Oct 15, 2026 · FY2026 10-K, filed Apr 24, 2026, 0001628280-26-027232
Payout ratio
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedFY2026 10-K, filed Apr 24, 2026, 0001628280-26-027232
FY2024 Net income: 77.0M USDFY2025 Net income: 194.4M USDFY2026 Net income: -42.1M USD
Free cash flow Net incomeProfit that arrives as cash stands level with net income; a gap year after year is worth reading about.

7 of 10

Filings

Every figure, the year it is for and the document it was read from.

SEC filingMarket data

The filed figures

Computed from the accounts this company filed with the SEC and, in a ratio with a price in it, the last close, dated on this page. Every filed figure below carries the fiscal year and the filing date its accounts were read from, and every blank carries the reason it is blank. Nothing here is a view on this company.

Wealthfront Corporation: the eight ratios, with the fiscal year and filing date behind each.
FigureValueYearAs of
n/mFY2026Oct 15, 2026
n/m Not meaningful for this company, such as a P/E on negative earnings or a bank's EV/EBIT.
n/aFY2026Oct 15, 2026
n/a Held back: the last annual report's share count does not match today's, as after a split.
n/aFY2026Oct 15, 2026
n/a Operating profit is zero or negative, so there is no profit for a buyer's price to be a multiple of.
n/aFY2026Oct 15, 2026
n/a The filed cash flow statement reports neither free cash flow nor the operating cash flow and capital spending it is built from.
-22.6%FY2026Apr 24, 2026
n/aFY2026Oct 15, 2026
n/a The filed cash flow statement reports no dividend paid at all. That is not the same as a filed zero, and we will not read it as one.
0.02FY2026Apr 24, 2026
1.61FY2026Apr 24, 2026
1.74xFY2026Oct 15, 2026
n/mFY2026Oct 15, 2026
n/m Not meaningful for this company, such as a P/E on negative earnings or a bank's EV/EBIT.
n/aFY2026Oct 15, 2026
n/a We hold no figure here and no stored reason for its absence. The gap is ours, not the company's.
-3.27FY2026Apr 24, 2026
3/9FY2026Apr 24, 2026

The figures are computed from the accounts for fiscal 2026, the newest full year on file. 3 filed fiscal years on record, FY2024 to FY2026, from SEC EDGAR. Prices as of Oct 15, 2026. Ratios recomputed Oct 15, 2026. Two facts, because a recompute is not a fresh quote.

The year and the filing date name the statement each figure’s accounts are read from, and they stand even where the figure itself could not be computed: the line beneath a blank says what that statement did not carry. A figure’s name opens its formula and the filings behind it; a statement that names no SEC filing has no filing date, and reads n/a.

Ten years of filed figures, year by year

Ten years of filed figures

3 filed fiscal years, FY2024 to FY2026, read from the annual reports Wealthfront Corporation filed with the SEC. Each year names its filing. Amounts in USD, as filed.

Wealthfront Corporation: revenue, earnings, free cash flow and returns, by fiscal year, with the filing each year was read from
YearRevenueOperating incomeNet incomeEPS, dilutedFree cash flowOperating marginReturn on equityFiling
FY2026365.0M-100.4M-42.1M-0.76n/an/a-6.8%10-K, Apr 24, 20260001628280-26-027232
FY2025308.9M142.0M194.4M1.31n/an/a1267.8%10-K, Apr 24, 20260001628280-26-027232
FY2024216.7M80.6M77.0M0.54n/an/an/a10-K, Apr 24, 20260001628280-26-027232
  • Revenue, compound annual growth FY2024 to FY2026: 29.8%
  • Earnings: Earnings was not positive in both 2024 and 2026, so a compound rate across the window is not defined. Both figures are in the table.
  • Earnings per share: Earnings per share was not positive in both 2024 and 2026, so a compound rate across the window is not defined. Both figures are in the table.
  • Free cash flow: Fewer than two filed years carry free cash flow.

Every figure in this section is a line of a filed annual statement or a ratio of two of them. Nothing here is estimated or smoothed. Earnings per share filed before a share split are put on today's share count, and say so. Nothing here is a verdict on the company.

8 of 10

Risks and guardrails

The accounting screens, the published tests, and the lines you can set to be told.

ComputedCompany statement

Wealthfront Corporation: accounting screens and published tests, each with its source
FigureValue, source and document
Beneish M-score-3.27 ComputedFY2026 10-K, filed Apr 24, 2026, 0001628280-26-027232
Piotroski F-score3/9 ComputedFY2026 10-K, filed Apr 24, 2026, 0001628280-26-027232
Named tests met0 of 30 Computed
Beta
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedClose of Oct 15, 2026

The named tests

Of 30 tests value investors published: 0 met, 20 not met, 10 we could not complete. Counts, never a score: a single figure would have to decide that meeting one investor’s criteria and meeting another’s are worth the same.

Which tests, by name(all 30)
Meets
None of the named tests.
Does not
Defensive investor (Benjamin Graham); Deep value; Large cap, low P/E; Earnings yield and ROIC (Joel Greenblatt); High F-score, low P/B (Joseph Piotroski); Three forensic scores; High returns and growth; Gross margin, turnover (Robert Novy-Marx); Low beta, profitable; ROIC at or above WACC; Near the 52-week low; High returns, low debt; Owner earnings yield; High return on tangibles; Low P/S, rising earnings (James O'Shaughnessy); Book or below, low debt (Walter Schloss); Tangible book or below; Cash-flow yield and ROIC; Clean books, high ROIC; Cheapest quarter on P/B (David Dreman)
Not measured
Low PEG, low debt (Peter Lynch); EV/EBITDA and coverage; High yield, low payout; Dividends and buybacks; Z-score and coverage (Edward Altman); Two thirds of NCAV (Benjamin Graham); P/E times P/B (Benjamin Graham); Cash-covered dividend; Cheapest quarter on P/E (David Dreman); Low P/E, growth, yield (John Neff). A test with a figure we could not read is incomplete, never met and never failed.
Figures we could not read(18)
  • P/E Ratio: Earnings are zero or negative, so a price to earnings multiple is not meaningful. A negative P/E is not a cheap company and a large positive one from a near-zero denominator is not an expensive one.
  • EV/EBIT: We do not hold this figure for this company, so there is nothing to show.
  • Altman Z-Score: We do not hold this figure for this company, so there is nothing to show.
  • PEG Ratio: Earnings are zero or negative, so a price to earnings multiple is not meaningful. A negative P/E is not a cheap company and a large positive one from a near-zero denominator is not an expensive one.
  • Eps Growth 5Y: We do not hold this figure for this company, so there is nothing to show.
  • Rev Growth 5Y: We do not hold this figure for this company, so there is nothing to show.
  • EV/EBITDA: We do not hold this figure for this company, so there is nothing to show.
  • Interest Coverage: No operating income line is filed for this year.
  • Dividend Yield: We do not hold this figure for this company, so there is nothing to show.
  • Payout Ratio: We do not hold this figure for this company, so there is nothing to show.
  • Free Cash Flow Yield: We do not hold this figure for this company, so there is nothing to show.
  • Beta: We do not hold this figure for this company, so there is nothing to show.
  • % Above 52-Week Low: We do not hold this figure for this company, so there is nothing to show.
  • Price To Ncav: The filed share count no longer matches today's share, after a split or new shares since the fiscal year, so the two do not compare.
  • Price To Graham: Earnings are zero or negative, so a price to earnings multiple is not meaningful. A negative P/E is not a cheap company and a large positive one from a near-zero denominator is not an expensive one.
  • Capex To Ocf: We do not hold this figure for this company, so there is nothing to show.
  • Dividend Coverage Ratio: We do not hold this figure for this company, so there is nothing to show.
  • Dividend Streak: We do not hold this figure for this company, so there is nothing to show.

9 of 10

Declared positions

Whether anybody here owns this company.

Positions declared by Javier Sanz Alvarez: no holding in any company shown here, as of October 3, 2026.

10 of 10

Next step

What to do with what you have read.

A thesis is your reason for owning it, in your words, with the figures that must stay true. Checking those figures every night against the newest filed accounts, and telling you once when one breaks, is what the subscription adds.

More on this company

What this cannot tell you

  • 18 figures could not be read on this company, among them P/E Ratio, EV/EBIT, Altman Z-Score. Each blank in the table above names the rest, with its reason. 10 named tests come back incomplete because of them, which is neither met nor missed.
  • We hold 3 filed fiscal years rather than 10, so the run above is shorter than a full decade and is counted as what it is.

And the one that is true of all of it: This is what the numbers say today. It cannot tell you the day one of them stops being true. Nothing here can, because the reasons are not written down.

Running this once is arithmetic on public documents and you are welcome to it. Writing down why you own each company, in your own words and with the numbers that have to stay true for it to hold, and then having those numbers re-checked every night against the newest filed accounts, and against the latest close where a rule watches a price, is Professional, the plan a new account starts on for 30 days, one trial per person. It writes to you the day one breaks, and stays quiet when nothing does. The check runs every night at 23:30 UTC. A filing is picked up the night after it is published.

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ValueScreener · valuescreener.ai · Computed from accounts filed with the SEC by this company, read from EDGAR, and from dated closing prices. On this page a filed figure opens into its formula, its inputs and the statement, fiscal year and filing date it was read from, and a price into the day of its close. A figure that cannot show that trail says so.

A computation on accounts filed with the SEC, not a recommendation and not advice. Past filings do not indicate future results. Risk disclaimer.

Margin Notes

Once a week, what changed in the filings of US-listed companies, why it can matter to a thesis, and what deserves a closer review. Grounded in filings, not market noise.

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