Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Oct. 31, 2025	Jan. 31, 2025
Current assets:
Cash and cash equivalents	$ 266,191	$ 142,860
Cash segregated and on deposit for regulatory purposes	10,701	9,083
Due from clients	191,070	118,518
Accounts receivable	32,071	29,127
Client-held fractional shares	211,299	28,057
Other current assets	31,447	18,805
Total current assets	742,779	346,450
Deferred tax assets, net	45,700	60,194
Operating lease right-of-use asset	9,545	11,229
Property, software, and equipment, net	9,276	14,723
Other noncurrent assets	3,341	2,610
Total assets	810,641	435,206
Current liabilities:
Accounts payable	9,593	6,467
Accrued liabilities	12,377	7,517
Due to clients	12,413	9,452
Payable to clearing broker	191,126	118,174
Current portion of operating lease liabilities	4,035	3,556
Fractional shares repurchase obligation	211,299	28,057
Total current liabilities	440,843	173,223
Operating lease liabilities, net of current portion	7,329	9,796
Other noncurrent liabilities	9,912	9,651
Total liabilities	458,084	192,670
Commitments and contingencies (Note 8)
Redeemable convertible preferred stock, shares authorized (in shares)	85,490,483	85,490,483
Redeemable convertible preferred stock, $0.0001 par value per share; 85,490,483 shares authorized as of October 31, 2025 and January 31, 2025; 69,852,421 and 69,914,359 shares issued and outstanding as of October 31, 2025 and January 31, 2025, respectively; aggregate liquidation preference of $229,393 and $229,543 as of October 31, 2025 and January 31, 2025, respectively	$ 227,198	$ 227,198
Stockholders’ Equity:
Common stock, $0.000001 par value: Class A - XX million shares authorized; XX million and XX million issued and outstanding as of December 31, 2025 and 2024, respectively; Class B - XX million shares authorized; XX million and XX million issued and outstanding as of December 31, 2025 and 2024, respectively	4	4
Treasury stock, at cost; 1,452,269 and 1,422,493 shares held as of October 31, 2025 and January 31, 2025, respectively	(12,858)	(12,593)
Additional paid-in capital	146,559	127,862
Accumulated deficit	(8,346)	(99,935)
Total stockholders’ equity	125,359	15,338
Total liabilities, redeemable convertible preferred stock, and stockholders’ equity	$ 810,641	$ 435,206

WEALTHFRONT CORP 10-Q