WLTHWealthfront Corporation

$9.29

Is the business good?

How good a business is WLTH?

Wealthfront Corporation earns −55% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.

−55%

Return on invested capital · cost of capital 9.0% · 64 points below what the capital costs: growth destroys value

Operating margin
−35%

Operating margin · Software - Application median 8.2% · 12 months to Q1 2027

Share count, year on year
+23%

Share count, year on year · shareholders own a smaller slice than a year ago

R&D as % of revenue
61%

R&D as % of revenue

Operating margin by fiscal year
YearOperating margin
FY202438%
FY202539%
FY2026−30%
Details
Gross margin12 months to Q1 2027
89%
Operating margin12 months to Q1 2027
−35%
Net margin12 months to Q1 2027
−15%
R&D as % of revenue
61%
Revenue, trailing twelve months
$371M
Net income, trailing twelve months
−$55M
Return on invested capitaloperating profit after tax ÷ debt + equity − cash
−55%

Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.