Ticker: PRIVATE (IPO Pending) Sector: Fintech / Robo-advisory Date: December 2025
📝 Executive Summary
Wealthfront Corporation has officially filed its Form S-1 Registration Statement with the U.S. Securities and Exchange Commission (SEC), marking a significant milestone in the company's path to becoming a publicly traded entity.
Wealthfront is a leading automated investment service (robo-advisor) that has expanded into cash management. It has successfully amassed significant assets under management (AUM) and faces a multi-front war against both digital-native peers and traditional finance giants.
Key Highlights
- Form Type: S-1 (General form for registration of securities)
- Issuer: Wealthfront Corporation
- Key differentiator: Pure-software model ("Self-Driving Money") vs. Hybrid model.
💰 Valuation Snapshot
Financial Projections (Base Case)
| Year | Cash Mgmt Rev | Advisory Rev | Total Revenue | Total OpEx | Operating Income | Net Income | FCF |
|---|---|---|---|---|---|---|---|
| 1 | 265.65 | 87.6 | 358.5 | 215.1 | 143.4 | 113.29 | 113.29 |
| 2 | 305.5 | 105.12 | 416.13 | 249.68 | 166.45 | 131.5 | 131.5 |
| 3 | 351.32 | 126.14 | 483.25 | 289.95 | 193.3 | 152.71 | 152.71 |
| 4 | 404.02 | 151.37 | 561.47 | 336.88 | 224.59 | 177.42 | 177.42 |
| 5 | 464.62 | 181.65 | 652.65 | 391.59 | 261.06 | 206.24 | 206.24 |
DCF Output
- Enterprise Value: $1883.76
- Equity Value: $1933.76
- Value Per Share: $13.81
- Terminal Value (PV): $1339.3
Generated by scripts/valuation/wealthfront.py