Wealthfront: Overview of Fourth Quarter Financial Results

Wealthfront Corp. Reports Fourth Quarter Financial Results

Wealthfront Corp., headquartered in Palo Alto, California, announced a net loss of $133.7 million for its fiscal fourth quarter.

The company reported a quarterly loss of $1.31 per share.

During this period, the investment management firm, which primarily serves affluent individuals and businesses, generated $96.1 million in revenue.

For the entire fiscal year, Wealthfront recorded a total loss of $42.1 million, translating to a loss of 76 cents per share, while annual revenue reached $365 million.