WLTH Wealthfront (WLTH) Q1 FY27 earnings call
The quarter marks a monetization-mix inflection: advisory momentum is now the growth engine while rate-linked cash economics compress, and management is deliberately trading near-term margin for the home-lending build-out despite a rising mortgage-rate backdrop. The trust-led flywheel — deposits, cross-product deepening, automation — stays intact, supporting stepped-up capital return from a debt-free base.
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WLTH operating KPIs by quarter
| KPI | This call Apr 2026 Q1 FY27 | Jul 2026 Q2 FY27 | Change vs prior quarter |
|---|---|---|---|
| Net new assets | $554MTotal net deposits in the quarter were $554 million.Source: earnings call transcript | $1.1BOverall net deposits were $1.1 billion in the quarter, including $1.1 billion from investment advisory, which incorporated the second best quarter of net cross-account transfers from cash to invest in the company's history.Source: earnings call transcript | +98.6% |
| Average client balances Cash management | $45.1BThe lower fee rate was partially offset by higher average cash management balances measured as the simple average of beginning and end of quarter figures, up 5% year-over-year to $45.1 billion.Source: earnings call transcript | $44.9BAverage cash management balances measured as the simple average of beginning and end of quarter figures was also down 1% year-over-year to $44.9 billion.Source: earnings call transcript | -0.4% |
| Average client balances Investment advisory | $50.2BInvestment advisory revenue was $26.2 million, up 32% year-over-year, primarily due to average investment advisory balances of $50.2 billion, up 34% year-over-year, while the annualized investment advisory fee rate of 21 basis points was roughly flat versus the same period last year.Source: earnings call transcript | $52.9BInvestment advisory revenue was $28.8 million, up 31% year-over-year, primarily due to average investment advisory balances of $52.9 billion, up 35% year-over-year, while the annualized investment advisory fee rate of 22 basis points was down 1 basis point versus the same period last year due to the impact of one-time client incentives tied to the launch of Custodial Accounts.Source: earnings call transcript | +5.4% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.