ByJeff Kauflin,
Forbes Staff.
W
ealthfront, a Palo Alto fintech company with 1.3 million customers that offers automated investing portfolios and high-yield cash accounts, made its public debut today and saw its stock trade mostly sideways, finishing the day up just 1%. Investors now value the company at $2.1 billion when counting its share total of 151.5 million. Wealthfront raised $485 million in the IPO.
Over the past several years, Wealthfront’s expansion into high-yield cash accounts has been particularly successful, helping drive its total assets under management to about $90 billion and propelling it to profitability. In a September 30, 2025, regulatory filing, Wealthfront reported revenue of $339 million and net profits of $123 million for the year ended July 31, 2025. Revenue grew 26% versus the year prior. Last month, it announced it was expanding into mortgages.
