Wealthfront Stock Slumps After 1Q Results Miss Wall Street Estimates

Dow Jones

Jun 05

By Dean Seal

Wealthfront shares slipped after the company recorded a smaller profit in the first quarter from a mix of mild revenue growth against big cost hikes.

The stock was down 9.3% at $10.43 after hours. Shares had already fallen 15% year-to-date when the market closed.

The robo-adviser posted a first-quarter profit of $12.8 million, or 7 cents a share. That's down from $25.9 million, or 18 cents a share, and missed analyst projections for a profit of $14.7 million and earnings of 12 cents a share, according to FactSet.

Revenue climbed 7% to $90.5 million, but missed the $91.8 million expected by analysts, according to FactSet.

Costs, meanwhile, climbed 46% mostly from big jumps in expenses for product development as well as general and administrative costs.

Write to Dean Seal at dean.seal@wsj.com

(END) Dow Jones Newswires

June 04, 2026 18:08 ET (22:08 GMT)

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