Slide 1: Earnings Presentation Q3 2026
Earnings Presentation Q3 2026
Slide 2: Disclaimer
Disclaimer Cautionary Note Regarding Forward-Looking Statements This presentation contains forward-looking statements that involve substantial risks and uncertainties. All statements contained in this presentation other than statements of historical fact, including statements regarding our future op
Slide 3: Digital-native generations present an extremely large and growing market opportunity
Digital-native generations present an $140T 3 extremely large and growing market opportunity 11.3% Annual Growth Rate2 $16T 2 Household Wealth in the U.S. Born after 1980 Total market Wealthfront-served market1 2024 2045E 1 Wealthfront’s serviceable market is estimated to be 70% of the total address
Slide 4: Q3 2026 Business Update
Q3 2026 Business Update Mortgage Update C2025-TD Joint Cash Account Shared Closed first home mortgage loan in the quarter Official launch of Home Lending offering in November, starting in Colorado C2024 Views & Checking Features Automated Bond Ladders Fully Paid Ongoing nationwide rollout and obtain
Slide 5: Technology to solve our clients' everyday and long-term financial needs
Technology to solve our clients’ everyday and long-term financial needs $2,000 was sent to your bank account $237,672 $1.3M net worth at 65 You earned your monthly interest at 3.25% APY Cash management Investment advisory Borrowing and lending Financial planning Earn an industry-leading APY on as li
Slide 6: Our business model drives our greatest advantage
Our business model drives our greatest advantage Automation and Infrastructure Improvement Build fully automated services to enable a better client experience, faster product/feature velocity, ~90% gross profit margin1 Superior Share Savings Profit Margins with Clients 40%+ adj. EBITDA margin1, 2 Lo
Slide 7: Total Platform Assets (in $ B)
Investment Advisory Record month-end Total Total Platform Assets Cash Management Platform Assets of $92.8 billion were up 21% year- (in $ B) over-year (YoY). This included trailing twelve- month net deposits of $9.7 billion including $1.6 billion $92.8 in Q3 2026. +21% $88.2 Cash Management Assets o
Slide 8: Total Net Deposits (in $ B)
Total Net Deposits Wealthfront attracted $1.6 billion in Total Net Deposits (in $ B) across the platform in Q3 2026. Q3 2026 reflected the best quarter of net cross account transfers from Cash Management to Investment Advisory in the company’s history, highlighting the $4.4 balanced nature of the bu
Slide 9: Total Funded Accounts & Funded Clients (in 000s)
Total Funded Accounts Ending Total Funded Accounts Funded accounts ended the Ending Total quarter at roughly 1.78 Funded Clients & Funded Clients million, up 20% YoY, with funded clients of roughly (in 000s) 1.38 million, also up 20% YoY, reflecting 1.3 funded accounts per funded client. 1,785 +20%
Slide 10: Total Revenue & Gross Profit (in $ M)
Total Revenue & Gross profit margin Adjusted Operating Gross Profit (in $ M) Cost of Revenue Gross profit Expenses (in $ M) $93.2 $53.7 Total revenue $84.5 $91.1 +16% $49.7 $50.0 $50.3 +11% $80.3 $82.7 $48.4 $81.5 $83.0 $74.1 $75.8 +15% $72.3 Gross Profit 90% 90% 90% 89% 89% Q3’25 Q4’25 Q1’26 Q2’26
Slide 11: Adj. EBITDA & GAAP Net Income
Adj. EBITDA (in $ M) Adjusted EBITDA margin GAAP Net Income (in $M) GAAP EPS & Adj. EBITDA Margin (in %) Adjusted EBITDA & GAAP Diluted EPS (in $) GAAP net income $44.8 $43.8 +24% $37.9 $34.7 $36.2 $32.1 $30.9 $35.3 $30.0 +3% 49% $25.9 $0.24 47% $0.23 45% $0.22 $0.21 44% 44% $0.18 Q3 ’2 5 Q4’2 5 Q1
Slide 12: Rule of 40 and Free Cash Flow
Rule of 40 Revenue growth (in ppt) Free Cash Flow ($ M) Free cash flow conversion (in Percentage Points) Adjusted EBITDA margin (in ppt) & Free Cash Flow Free cash flow Conversion (in Percentage Points) $41.3 81 $38.3 $38.5 72 69 67 $34.1 37 63 101% 28 24 18 94% 16 97% 86% $19.0 45 49 47 52% 44 44 Q
Slide 13: Corporate Liquidity (in $ M)
Revolving credit facility (untapped) No corporate debt Corporate Liquidity Corporate cash & cash equivalents (in $ M) Corporate cash continues to build in recent quarters even prior to net IPO $516.2 proceeds raised in 4Q 2026. Increased size of revolver in the quarter from $50 million to $250 milli
Slide 14: Appendix
Appendix
Slide 15: Income Statement
Income Statement 20,922 15,404 12,234 3,046 61,784 34,745 30,901 0.72 0.21 15
Slide 16: Gross Profit
Gross Profit Gross profit 72,321 74,137 75,846 81,536 83,042 16
Slide 17: Free Cash Flow
Free Cash Flow 35,273 43,813 17
Slide 18: Expense Detail
Expense Detail 2,502 8,088 48,431 53,696 1,832 851 7,047 62 2,752 8,088 2,502 8,088 18
Slide 19: Adjusted EBITDA
Adjusted EBITDA 30,901 Net income margin Add: 36,822 2,502 8,088 35,273 43,813 47 % 19
Slide 20: Key Business Metrics (1 of 2)
Key Business Metrics (1 of 2) 80,858 92,822 1,568 1,149 1,488 1,584 1,648 20
Slide 21: Key Business Metrics (2 of 2)
Key Business Metrics (2 of 2) 43,704 21
Slide 22: Definitions
Definitions Key Business Metrics Platform assets: We define “platform assets” as the total value of financial assets held by clients in their accounts as of a stated date on our platform. Net deposits and changes in value attributable to financial market performance are included in the change in pla