Wealthfront (NASDAQ:WLTH) reported higher year-over-year revenue and record platform assets in its fiscal first quarter, while management said the company continued to invest in product expansion, including home lending, cash management features and artificial intelligence-related capabilities.
The company said fiscal first-quarter 2027 results reflected the quarter ended April 30, 2026. Total platform assets reached a record $96.6 billion at quarter-end, up 19% from a year earlier, according to Chief Executive Officer and President David Fortunato. Investment advisory assets rose 39% year-over-year to $51.7 billion, while cash management assets increased 3% to $44.9 billion.
