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Wealthfront cash flow, quarter by quarter

Latest: Q2 FY27 · from the cash-flow statements filed with the SEC

Free cash flow$47.3M in Q2 FY27 · $145M over twelve months

Operating cash flow$47.3M
Free cash flow+$47.3M
Cash / net income2.7×
Cash conversion cycle-29 days

Analysis

In Q2 FY27, Wealthfront generated $47.3M of operating cash flow. That is $8.4M more than in Q2 FY26 ($38.9M).

Over the twelve months to Jul 31, 2026, operating cash flow was $145M; the largest uses were taxes on employees’ shares ($147M), buybacks ($60.3M), other investing ($1.8M); besides operations, cash came from other financing ($282M), shares issued ($14.3M); the cash balance rose by $232M.

Operating cash flow was $47.3M against net income of $17.8M — 2.7× profit, cash ran ahead of reported earnings. The largest differences: contract assets −$28.9M, prepaid and other assets +$20.3M, stock-based pay +$16.4M.

Its cash conversion cycle was -29 days (receivables 30 + inventory 0 − payables 59): suppliers fund its working capital.

Free cash flow

Wealthfront: free cash flow by quarterWealthfront: free cash flow by quarter$19.9MQ4 FY25$38.5MQ1 FY26$38.9MQ2 FY26$41.5MQ3 FY26$33.3MQ4 FY26$22.7MQ1 FY27$47.3MQ2 FY27
Operating cash flow less capital spending.
Wealthfront: operating cash flow against capital spendingWealthfront: operating cash flow against capital spendingOperating cash flowCapital spending$19.9M$0Q4 FY25$38.5M$0Q1 FY26$38.9M$0Q2 FY26$41.5M$0Q3 FY26$33.3M$0Q4 FY26$22.7M$0Q1 FY27$47.3M$0Q2 FY27
Latest (Q2 FY27): Operating cash flow $47.3M, Capital spending $0.

Capital allocation, year by year

Wealthfront: where the cash came from (up) and went (down), by fiscal yearWealthfront: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedBuybacksFY24: Operating cash flow $72.9MFY24: Net borrowing −$40.6MFY24: Shares issued $1.1M$74.0MFY24FY25: Operating cash flow $123MFY25: Net borrowing −$29.1MFY25: Shares issued $27.6MFY25: Buybacks −$37.0M$151MFY25FY26: Operating cash flow $152MFY26: Shares issued $295MFY26: Buybacks −$459K$447MFY26
Over these 3 years operating cash flow totalled $348M; the largest uses were net borrowing ($69.7M) and buybacks ($37.5M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$453M
Debt$5.1M
Net cash$448M

Wealthfront funds itself: free cash flow was $145M over the last twelve months, and $453M of cash and investments stands against $5.1M of debt.

Where the cash came from and went

Wealthfront: sources (+) and uses (−) of cash, Q2 FY27Wealthfront: sources (+) and uses (−) of cash, Q2 FY27Operating cash flow$47.3MBuybacks−$31.8MCash drawn (+) / kept (−)−$23.5MOther financing$8.1MShares issued$5.9MTaxes on employees’ shares−$5.7MOther investing−$268K
Wealthfront: sources (+) and uses (−) of cash, TTM to Q2 FY27Wealthfront: sources (+) and uses (−) of cash, TTM to Q2 FY27Other financing$282MCash drawn (+) / kept (−)−$232MTaxes on employees’ shares−$147MOperating cash flow$145MBuybacks−$60.3MShares issued$14.3MOther investing−$1.8M

From profit to cash

Wealthfront: net income to operating cash flow, Q2 FY27Wealthfront: net income to operating cash flow, Q2 FY27Net income$17.8MDepreciation & amortization$1.2MStock-based pay$16.4MDeferred taxes$1.9MReceivables−$1.2MAccrued liabilities−$2.2MContract assets−$28.9MPrepaid and other assets$20.3MOperating cash flow$47.3M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q2 FY2730—59-29
Q1 FY2731—65-34
Q4 FY2631—81-50

Every quarter

QuarterOperating cash flowBuybacksShares issuedCash drawn (+) / kept (−)Free cash flow
Q2 FY27$47.3M−$31.8M$5.9M−$23.5M$47.3M
Q1 FY27$22.7M−$28.3M$1.1M$9.1M$22.7M
Q4 FY26$33.3M−$194K$5.3M−$174M$33.3M
Q3 FY26$41.5M−$27K$2.0M−$43.3M$41.5M
Q2 FY26$38.9M−$25K$4.8M−$43.2M$38.9M
Q1 FY26$38.5M−$213K$369K−$38.4M$38.5M
Q4 FY25$19.9M−$13.6M$2.6M−$10.7M$19.9M

Wealthfront: income statement and cash flow

Wealthfront, Q2 FY27: revenue $91.9M (+0.8% year over year), operating margin 22.2%. The chart follows the revenue to costs, profit and cash.

Wealthfront: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.