Wealthfront Corp 2026年季度报告

FORM 10-Q (Mark One) For the quarterly period ended October 31, 2025OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 001-42987 (Exact name of registrant as specified in its charter) Wealthfront Corporation Delaware(State or other jurisdiction ofincorporation or organization)261 Hamilton AvenuePalo Alto, California(Address of principal executive offices) (844) 995-8437(Registrant’s telephone number, including area code) Not Applicable(Former name, former address and former fiscal year, if changed since last report) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during thepreceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for thepast 90 days. Yes☐No☒ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of RegulationS-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerginggrowth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and "emerging growth company" in Rule 12b-2 ofthe Exchange Act. Accelerated filerSmaller reporting companyEmerging growth company Large accelerated filer☐Non-accelerated filer☒ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revisedfinancial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒ As of January 22, 2026, the number of shares of the registrant’s common stock outstanding was 150,120,383. TABLE OF CONTENTS Item 1.Financial Statements (Unaudited)Condensed Consolidated Balance SheetsCondensed Consolidated Statements of OperationsCondensed Consolidated Statements of Redeemable Convertible Preferred Stock and StockholdersEquity (Deficit)Condensed Consolidated Statements of Cash FlowsNotes to Condensed Consolidated Financial StatementsItem 2.Management’s Discussion and Analysis of Financial Condition and Resultsof OperationsItem 3.Quantitative and Qualitative Disclosures About Market RiskItem 4.Controls and Procedures This Quarterly Report on Form 10-Q (“Form 10-Q”) contains forward-looking statements about us and our industry that involvesubstantial risks and uncertainties. All statements contained in this Form 10-Q other than statements of historical fact, includingstatements regarding our future operating results and financial condition, our business strategy and plans, market growth, and ourobjectives for future operations, are forward-looking statements. The words “believe,” “may,” “will,” “potentially,” “estimate,”“continue,” “anticipate,” “intend,” “could,” “would,” “project,” “target,” “plan,” “expect,” and similar expressions are intended toidentify forward-looking statements. Forward-looking statements contained in this Form 10-Q include, but are not limited to, statements about: •our future financial performance, including our expectations regarding our revenue, cost of revenue, gross profit or grossmargin, operating expenses, including changes in operating expenses, and our ability to maintain profitability;•our business plan and our ability to effectively manage our growth;•our ability to attract new clients and retain and grow platform assets from our existing clients;•our total market opportunity;•anticipated trends, growth rates, and challenges in our business and in the markets in which we operate;•market acceptance of our platform, products, and services;•our beliefs and objectives for future operations;•our ability to develop and introduce platform enhancements and new products and services and bring them to market in atimely manner;•our expectations concerning relationships with third parties;•our ability to maintain, protect, and enhance our intellectual property;•the effects of increased competition in our markets and our ability to compete effectively;•future acquisitions or investments in complementary companies or products;•our ability to stay in compliance with laws and regulations that currently apply or may become applicable to our businessboth in the United States and internationally;•economic and industry trends, projected growth, or trend analysis;•the effects of seasonal trends on our operating results;•general economic conditions in