Robo-advising and wealth management firm Wealthfront has filed for a proposed initial public offering.
The company, which claims to have ’pioneered using automation to offer low-cost diversified portfolios,’ operates an online financial service provider and robo-advisor, offering automated investment management, financial planning, and banking services. It plans to list on Nasdaq under the ticker "WLTH."
According to the filing, Wealthfront’s platform assets grew from $57.6 billion as of January 31, 2024, to $80.2 billion as of January 31, 2025, representing 39% year-over-year growth. The company further expanded to $88.2 billion in assets by July 31, 2025, showing 24% year-over-year growth.
The financial technology firm generated total revenue of $308.9 million in fiscal 2025, up 43% from $216.7 million in fiscal 2024. For the six months ended July 31, 2025, revenue reached $175.6 million, a 20% increase from the same period in 2024.
Wealthfront reported net income of $194.4 million in fiscal 2025, representing a 63% net income margin. This included a one-time tax benefit of $55.2 million, primarily resulting from the release of the full valuation allowance on historical net deferred tax assets.
Goldman Sachs and J.P. Morgan will serve as lead underwriters for the IPO, with Citigroup, Wells Fargo Securities, RBC Capital Markets, and others also participating.
Source :
https://www.investing.com/news/stock-market-news/roboadvisor-wealthfront-files-for-nasdaq-ipo-4261933
