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Leases - Lease Related Assets and Liabilities (Details) - USD ($) $ in Thousands	Apr. 30, 2026	Jan. 31, 2026
Leases [Abstract]
Operating lease ROU assets	$ 7,834	$ 8,696
Current operating lease liabilities	4,157	4,101
Noncurrent operating lease liabilities	5,229	6,292
Total operating lease liabilities	$ 9,386	$ 10,393
Weighted-average remaining lease term (years)	2 years 1 month 24 days	2 years 4 months 24 days
Weighted-average discount rate (percent)	5.29%	5.29%

Fair Value Measurements

3 Months Ended

Apr. 30, 2026

Fair Value Disclosures [Abstract]

Fair Value Measurements

Fair value is defined as the price that would be received from the sale of an asset or paid to transfer a liability in an orderly transaction between market participants on the measurement date. Assets and liabilities recorded at fair value are measured using a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value. These tiers are:

•Level 1 – Observable inputs that reflect quoted prices (unadjusted) available in active markets for identical assets or liabilities.

•Level 2 – Inputs other than quoted prices in active markets that are either directly or indirectly observable.

•Level 3 – Unobservable inputs for which little or no market data exists, therefore requiring the Company to develop its own assumptions that market participants would use in pricing the asset or liability, including assumptions about risk.

A financial instrument’s level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. In addition, the Company considers and uses all valuation methods that are appropriate in estimating the fair value of an asset or liability.

The following tables summarize the fair value of financial assets and liabilities and their classification by level of input within the fair value hierarchy as of April 30, 2026 and January 31, 2026 (in thousands):


	Financial Assets and Liabilities at Fair Value
	Total		Level 1		Level 2		Level 3
April 30, 2026
Assets
Cash equivalents
Money market funds	$	385,777	$	385,777	$	—	$	—
Certificates of deposit	2,600		2,600		—		—
Client-held fractional shares	689,011		689,011		—		—
Other current assets
Proprietary inventory	1,556		1,556		—		—
Total financial assets at fair value	$	1,078,944	$	1,078,944	$	—	$	—
Liabilities

Other noncurrent liabilities

Warrant liabilities	1,956		—		—		1,956
Fractional shares repurchase obligation	689,011		689,011		—		—
Total financial liabilities at fair value	$	690,967	$	689,011	$	—	$	1,956


	Financial Assets and Liabilities at Fair Value
	Total		Level 1		Level 2		Level 3
January 31, 2026
Assets
Cash equivalents
Money market funds	$	406,837	$	406,837	$	—	$	—
Certificates of deposit	2,600		2,600		—		—
Client-held fractional shares	514,877		514,877		—		—
Other current assets
Proprietary inventory	1,500		1,500		—		—
Total financial assets at fair value	$	925,814	$	925,814	$	—	$	—
Liabilities

Other noncurrent liabilities

Warrant liabilities	1,993		—		—		1,993
Fractional shares repurchase obligation	514,877		514,877		—		—
Total financial liabilities at fair value	$	516,870	$	514,877	$	—	$	1,993

The following table sets forth a summary of the changes in the fair value of the Company’s Level 3 financial instruments that are measured at fair value on a recurring basis (in thousands):


	Warrant Liabilities		SAFEs		Total
Balance at January 31, 2026	$	1,993	$	—	$	1,993
Mark-to-market adjustment	412		—		412
Exercise of warrants	(449)		—		(449)


Balance at April 30, 2026	$	1,956	$	—	$	1,956


	Warrant Liabilities		SAFEs		Total
Balance at January 31, 2025	$	3,510	$	6,141	$	9,651
Mark-to-market adjustment	—		—		—


Balance at April 30, 2025	$	3,510	$	6,141	$	9,651

Upon the completion of the Company’s IPO on December 15, 2025, all outstanding SAFEs automatically converted into shares of the Company’s common stock in accordance with their terms, and no SAFEs were outstanding as of the three months ended April 30, 2026.

There were no transfers between Level 1, Level 2, and Level 3 of the fair value hierarchy during the three months ended April 30, 2026.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

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+ Details

Summary of Significant Accounting Policies	3 Months Ended
Summary of Significant Accounting Policies	Apr. 30, 2026
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Basis of Presentation The accompanying condensed consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) and the applicable rules and regulations of the SEC for interim financial reporting. Certain information and note disclosures included in the Company’s annual financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. These unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes included in our Annual Report on Form 10-K for the year ended January 31, 2026 (“2026 Form 10-K”). The condensed consolidated financial statements include the accounts of Wealthfront and its wholly owned subsidiaries. All intercompany balances and transactions have been eliminated upon consolidation. Segment Information Operating segments are defined as components of an enterprise for which separate financial information is evaluated regularly by the chief operating decision maker (“CODM”) in deciding how to allocate resources and assess performance. The Company’s CODM is its Chief Executive Officer (“CEO”). The Company operates and reports financial information in one operating segment. This is because the CODM considers company-wide key performance metrics and utilizes consolidated net income to allocate resources and determine performance. The Company’s objective in making resource allocation decisions is to optimize the condensed consolidated financial results. The significant segment expenses reviewed by the CODM conform to the presentation of such items in the condensed consolidated statements of operations. The CODM does not review segment assets at a different asset level or category other than the amounts disclosed in the condensed consolidated balance sheets. All revenue and long-lived assets in these condensed consolidated financial statements relate to contracts with clients located in the United States of America. Use of Estimates The preparation of the condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts in the condensed consolidated financial statements and accompanying notes. The Company bases its estimates on current and past experiences, to the extent historical experience is predictive of future performance and various other assumptions that are believed to be reasonable, under these circumstances. Appropriate adjustments, if any, are made to the estimates prospectively based upon such periodic evaluation. Actual results could differ from these estimates and could have a material adverse effect on the Company’s business. Estimates, judgments and assumptions in these condensed consolidated financial statements include, but are not limited to: the valuation of allowance for credit losses, warrant liabilities, and SAFEs (as defined below); useful lives assigned to property and equipment; the discount rates used for leases; stock-based compensation, including the determination of the fair value of the Company’s common stock; and the realizability of deferred tax assets, net and uncertain tax positions. Concentrations of Credit Risk The Company’s financial instruments that potentially subject the Company to concentrations of credit risk primarily consist of cash, cash equivalents, restricted cash, margin loans to its clients, and the convertible note. Although the Company deposits corporate cash with multiple financial institutions, the deposits, at times, may exceed federally insured limits. The Company has not experienced any losses on deposits of cash and cash equivalents. Cash equivalents consist of highly liquid investments that are invested at financial institutions in the United States. Management believes that the institutions are financially stable and, accordingly, minimal credit risk exists. The Company engages in trading and brokerage activities on behalf of clients with broker-dealers, banks, and other financial institutions, exposing it to counterparty risk. While equity defaults are typically shared among clearinghouse members, the Company monitors counterparty creditworthiness as needed. The Company provides early paycheck access of up to two days by enabling direct deposit, resulting in short-term receivables to clients. These receivables are highly liquid, typically settle within two business days, and are included within Other current assets on the condensed consolidated balance sheets. Deferred Offering Costs Deferred offering costs primarily consist of accounting, legal, and other fees directly related to the IPO. Upon consummation of the IPO in December 2025, the deferred offering costs of $9.2 million were reclassified to stockholders’ equity and recorded against the proceeds from the IPO. Recent Accounting Pronouncements Adopted There were no new accounting pronouncements adopted during the three months ended April 30, 2026 that materially impacted the condensed consolidated financial statements and related disclosures. Recent Accounting Pronouncements Not Yet Adopted In October 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2023-06, Disclosure Improvements: Codification Amendments in Response to the SEC’s Disclosure Update and Simplification Initiative. The amendments are expected to impact various disclosure areas, including the statement of cash flows, accounting changes and error corrections, earnings per share, debt, derivatives, and transfer of financial assets. The amendments will become effective on the date the related disclosures are removed from Regulation S-X or Regulation S-K by the SEC, and will no longer be effective if the SEC has not removed the applicable disclosure requirement by June 30, 2027. Early adoption is prohibited. The Company is currently evaluating the impact of these amendments on the condensed consolidated financial statements. In March 2024, the SEC adopted final rules, The Enhancement and Standardization of Climate-Related Disclosures for Investors, Release Nos. 33-11275 and 34-99678. The rules would have required registrants to provide certain climate-related information in their registration statements and annual reports. In April 2024, the SEC stayed the effectiveness of the final rules, and in March 2025 the SEC voted to end its defense of the climate disclosure rules in federal court. Subsequently, on May 29, 2026, the SEC issued a formal proposal to rescind the 2024 climate disclosure rules in their entirety. The Company will continue to monitor the formal administrative outcomes of the SEC’s rescission proposal, however, we do not currently anticipate any material operational or financial impact stemming from these rules. In November 2024, the FASB issued ASU No. 2024-03, Income Statement Expense Disaggregation Disclosures, which requires additional disclosures about certain amounts included in the expense captions presented on the statement of operations as well as disclosures about selling expenses. In January 2025, the FASB issued ASU No. 2025-01, which provides a delayed implementation timeline to give issuers additional time to prepare for the impacts of adopting ASU No. 2024-03. ASU No. 2024-03 is effective for fiscal years beginning after December 15, 2026, and interim periods within fiscal years beginning after December 15, 2027. Early adoption is permitted. The Company is currently evaluating the impact of this amendment on the condensed consolidated financial statements. In September 2025, the FASB issued ASU 2025-06, Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40): Accounting for Software Costs, which provides a single capitalization model for internal-use software development and cloud implementation costs and replaces the current phase-based guidance. ASU 2025-06 is effective for fiscal years beginning after December 15, 2027, with early adoption permitted, and may be applied prospectively or modified retrospectively. The Company is currently assessing the impact of this new guidance on the condensed consolidated financial statements.

Earnings per Share Attributable to Common Stockholders - Computation of Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Apr. 30, 2026	Apr. 30, 2025
Numerator:
Net income attributable to common stockholders	$ 12,834	$ 25,947
Denominator:
Weighted-average number of common stock outstanding used in computing earnings per share, basic (in shares)	151,724,284	40,271,969
Earnings per share attributable to common stockholders (in dollars per share)	$ 0.08	$ 0.64
Numerator:
Net income attributable to common stockholders, basic	$ 12,834	$ 25,947
Fair value adjustment of warrants, net of tax effect	(412)	0
Net income attributable to common stockholders, dilutive	$ 12,823	$ 25,947
Denominator:
Weighted-average number of common stock outstanding used in computing earnings per share, basic (in shares)	151,724,284	40,271,969
Conversion of redeemable convertible preferred stock, all series (in shares)	0	69,852,421
Dilutive effect of equity-classified common stock warrants (in shares)	785,884	1,337,133
Dilutive effect of liability-classified Series G Warrant (in shares)	0	190,465
Dilutive effect of liability-classified common stock warrant (in shares)	23,624	55,036
Weighted-average number of common stock outstanding used in computing earnings per share, dilutive (in shares)	175,500,854	142,487,835
Earnings per share attributable to common stockholders, diluted (in dollars per share)	$ 0.07	$ 0.18
RSUs
Denominator:
Dilutive effect of awards (in shares)	4,293,612	0
Employee Stock Option
Denominator:
Dilutive effect of awards (in shares)	18,673,450	30,780,811
Common stock warrants
Numerator:
Fair value adjustment of warrants, net of tax effect	$ (11)	$ 0

Leases - Maturities of Lease Liabilities (Details) - USD ($) $ in Thousands	Apr. 30, 2026	Jan. 31, 2026
Leases [Abstract]
2027 (remaining)	$ 3,412
2028	4,580
2029	1,964
2030	0
2031	0
Total future undiscounted lease payments	9,956
Less: imputed interest	(570)
Present value of lease liabilities	$ 9,386	$ 10,393

Commitment and Contingencies

3 Months Ended

Apr. 30, 2026

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

Commitments

As of April 30, 2026, the Company had three noncancelable contracts, one of which is related to a third-party partner bank in connection with services that the Company offers its clients as part of the cash sweep program. Payments made to this third-party partner bank during the three months ended April 30, 2026 and 2025 towards this contract were immaterial.

During the fiscal year ended January 31, 2025, the Company entered into a noncancelable contract for cloud computing services with a third-party provider. The Company is committed to a minimum spend during the term of the contract. Payments made to this third-party provider were $2.0 million during the three months ended April 30, 2026.

During the fiscal year ended January 31, 2026, the Company entered into another noncancelable contract for an application programming interface service with a third-party provider. The Company is committed to a minimum monthly spend during the term of the contract. Payments made to this third-party provider were $0.4 million during the three months ended April 30, 2026.

The following table provides the future minimum payments over the term of the noncancelable contracts (in thousands):



Three Months Ended April 30,	Amount
2027 (remaining)	5,225
2028	7,400
Total	$	12,625

Contingencies

The Company reviews its lawsuits, regulatory inquiries, and other legal proceedings on an ongoing basis and provides disclosure and records loss contingencies in accordance with the loss contingencies accounting guidance. The Company establishes an accrual for losses at management’s best estimate when it assesses that it is probable that a loss has been incurred and the amount of the loss can be

reasonably estimated. If an estimated loss is only reasonably possible rather than probable, no liability is recognized. However, where a material loss is reasonably possible, the Company will disclose details of the legal proceeding or claim and an estimate of the possible loss or range of losses if an estimate can be reasonably made. An event is defined as reasonably possible if the chance of the loss to the Company is more than remote but less than probable. The Company monitors these matters for developments that would affect the likelihood of a loss and the accrued amount, if any, and adjusts the amount as appropriate. As of April 30, 2026 and January 31, 2026, the Company’s loss contingencies were immaterial.

Summary of Significant Accounting Policies (Policies)	3 Months Ended
Summary of Significant Accounting Policies (Policies)	Apr. 30, 2026
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying condensed consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) and the applicable rules and regulations of the SEC for interim financial reporting. Certain information and note disclosures included in the Company’s annual financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. These unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes included in our Annual Report on Form 10-K for the year ended January 31, 2026 (“2026 Form 10-K”).
Consolidation	The condensed consolidated financial statements include the accounts of Wealthfront and its wholly owned subsidiaries. All intercompany balances and transactions have been eliminated upon consolidation.
Segment Information	Segment Information Operating segments are defined as components of an enterprise for which separate financial information is evaluated regularly by the chief operating decision maker (“CODM”) in deciding how to allocate resources and assess performance. The Company’s CODM is its Chief Executive Officer (“CEO”). The Company operates and reports financial information in one operating segment. This is because the CODM considers company-wide key performance metrics and utilizes consolidated net income to allocate resources and determine performance. The Company’s objective in making resource allocation decisions is to optimize the condensed consolidated financial results. The significant segment expenses reviewed by the CODM conform to the presentation of such items in the condensed consolidated statements of operations. The CODM does not review segment assets at a different asset level or category other than the amounts disclosed in the condensed consolidated balance sheets. All revenue and long-lived assets in these condensed consolidated financial statements relate to contracts with clients located in the United States of America.
Use of Estimates	Use of Estimates The preparation of the condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts in the condensed consolidated financial statements and accompanying notes. The Company bases its estimates on current and past experiences, to the extent historical experience is predictive of future performance and various other assumptions that are believed to be reasonable, under these circumstances. Appropriate adjustments, if any, are made to the estimates prospectively based upon such periodic evaluation. Actual results could differ from these estimates and could have a material adverse effect on the Company’s business. Estimates, judgments and assumptions in these condensed consolidated financial statements include, but are not limited to: the valuation of allowance for credit losses, warrant liabilities, and SAFEs (as defined below); useful lives assigned to property and equipment; the discount rates used for leases; stock-based compensation, including the determination of the fair value of the Company’s common stock; and the realizability of deferred tax assets, net and uncertain tax positions.
Concentration of Credit Risk	Concentrations of Credit Risk The Company’s financial instruments that potentially subject the Company to concentrations of credit risk primarily consist of cash, cash equivalents, restricted cash, margin loans to its clients, and the convertible note. Although the Company deposits corporate cash with multiple financial institutions, the deposits, at times, may exceed federally insured limits. The Company has not experienced any losses on deposits of cash and cash equivalents. Cash equivalents consist of highly liquid investments that are invested at financial institutions in the United States. Management believes that the institutions are financially stable and, accordingly, minimal credit risk exists. The Company engages in trading and brokerage activities on behalf of clients with broker-dealers, banks, and other financial institutions, exposing it to counterparty risk. While equity defaults are typically shared among clearinghouse members, the Company monitors counterparty creditworthiness as needed. The Company provides early paycheck access of up to two days by enabling direct deposit, resulting in short-term receivables to clients. These receivables are highly liquid, typically settle within two business days, and are included within Other current assets on the condensed consolidated balance sheets.
Deferred Offering Costs	Deferred Offering Costs Deferred offering costs primarily consist of accounting, legal, and other fees directly related to the IPO. Upon consummation of the IPO in December 2025, the deferred offering costs of $9.2 million were reclassified to stockholders’ equity and recorded against the proceeds from the IPO.
Recently Accounting Pronouncements Adopted and Recent Accounting Pronouncements Not Yet Adopted	Recent Accounting Pronouncements Adopted There were no new accounting pronouncements adopted during the three months ended April 30, 2026 that materially impacted the condensed consolidated financial statements and related disclosures. Recent Accounting Pronouncements Not Yet Adopted In October 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2023-06, Disclosure Improvements: Codification Amendments in Response to the SEC’s Disclosure Update and Simplification Initiative. The amendments are expected to impact various disclosure areas, including the statement of cash flows, accounting changes and error corrections, earnings per share, debt, derivatives, and transfer of financial assets. The amendments will become effective on the date the related disclosures are removed from Regulation S-X or Regulation S-K by the SEC, and will no longer be effective if the SEC has not removed the applicable disclosure requirement by June 30, 2027. Early adoption is prohibited. The Company is currently evaluating the impact of these amendments on the condensed consolidated financial statements. In March 2024, the SEC adopted final rules, The Enhancement and Standardization of Climate-Related Disclosures for Investors, Release Nos. 33-11275 and 34-99678. The rules would have required registrants to provide certain climate-related information in their registration statements and annual reports. In April 2024, the SEC stayed the effectiveness of the final rules, and in March 2025 the SEC voted to end its defense of the climate disclosure rules in federal court. Subsequently, on May 29, 2026, the SEC issued a formal proposal to rescind the 2024 climate disclosure rules in their entirety. The Company will continue to monitor the formal administrative outcomes of the SEC’s rescission proposal, however, we do not currently anticipate any material operational or financial impact stemming from these rules. In November 2024, the FASB issued ASU No. 2024-03, Income Statement Expense Disaggregation Disclosures, which requires additional disclosures about certain amounts included in the expense captions presented on the statement of operations as well as disclosures about selling expenses. In January 2025, the FASB issued ASU No. 2025-01, which provides a delayed implementation timeline to give issuers additional time to prepare for the impacts of adopting ASU No. 2024-03. ASU No. 2024-03 is effective for fiscal years beginning after December 15, 2026, and interim periods within fiscal years beginning after December 15, 2027. Early adoption is permitted. The Company is currently evaluating the impact of this amendment on the condensed consolidated financial statements. In September 2025, the FASB issued ASU 2025-06, Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40): Accounting for Software Costs, which provides a single capitalization model for internal-use software development and cloud implementation costs and replaces the current phase-based guidance. ASU 2025-06 is effective for fiscal years beginning after December 15, 2027, with early adoption permitted, and may be applied prospectively or modified retrospectively. The Company is currently assessing the impact of this new guidance on the condensed consolidated financial statements.

- Definition

Disclosure of accounting policy for segment reporting.

+ References

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+ Details

- Definition

Disclosure of accounting policy for the use of estimates in the preparation of financial statements in conformity with generally accepted accounting principles.

+ References

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+ Details

Commitment and Contingencies (Tables)

3 Months Ended

Apr. 30, 2026

Commitments and Contingencies Disclosure [Abstract]

Future Minimum Payments Over Term Of Contracts

The following table provides the future minimum payments over the term of the noncancelable contracts (in thousands):



Three Months Ended April 30,	Amount
2027 (remaining)	5,225
2028	7,400
Total	$	12,625

Property, Software, and Equipment, Net - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Apr. 30, 2026	Apr. 30, 2025
Property, Plant, and Equipment [Abstract]
Depreciation	$ 0.2	$ 0.2
Internally developed software capitalized	0.0
Computer software impairments		0.4
Computer software capitalized	$ 1.2	$ 1.6

Income Taxes (Tables)

3 Months Ended

Apr. 30, 2026

Income Tax Disclosure [Abstract]

Schedule of Components of Income Before Income Tax Benefit (Expense)


	Three Months Ended April 30,
	2026			2025
Income before income taxes	$	17,430		$	34,111
Provision for (benefit from) income taxes	4,596			8,164
Effective tax rate	26.4		%	23.9		%

Fair Value Measurements - Summary of Changes in Level 3 Instruments (Details) - Level 3 - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2026	Apr. 30, 2025
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	$ 1,993	$ 9,651
Mark-to-market adjustment	412	0
Exercise of warrants	(449)
Ending balance	1,956	9,651
Warrant Liabilities
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	1,993	3,510
Mark-to-market adjustment	412	0
Exercise of warrants	(449)
Ending balance	1,956	3,510
SAFEs
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	0	6,141
Mark-to-market adjustment	0	0
Exercise of warrants	0
Ending balance	$ 0	$ 6,141

Description of Business (Details) - USD ($) $ / shares in Units, $ in Thousands			3 Months Ended
	Feb. 25, 2026	Dec. 15, 2025	Apr. 30, 2026	Apr. 30, 2025
Subsidiary, Sale of Stock [Line Items]
Total stock-based compensation expense, net of amounts capitalized			$ 17,053	$ 1,879
Anticipated tax withholding and remittance obligations		$ 140,900
RSUs
Subsidiary, Sale of Stock [Line Items]
Total stock-based compensation expense, net of amounts capitalized		$ 239,000
IPO Warrants
Subsidiary, Sale of Stock [Line Items]
Exercise price of warrants (in dollars per share)		$ 2.73
Number of securities called by warrants (in shares)		1,953,463
Common Stock
Subsidiary, Sale of Stock [Line Items]
Shares issued during period after conversion of convertible securities	51,481	69,852,421	563,642	61,938
IPO
Subsidiary, Sale of Stock [Line Items]
Number of shares issued in transaction		34,615,384
Sale of stock, price per share (in USD per share)		$ 14.00
Consideration received		$ 282,100
Underwriting discounts and commissions payable		18,500
Deferred offering costs reclassified		$ 9,200
IPO \| Company
Subsidiary, Sale of Stock [Line Items]
Number of shares issued in transaction		21,468,038
IPO \| Selling Stockholders
Subsidiary, Sale of Stock [Line Items]
Number of shares issued in transaction		13,147,346

Earnings per Share Attributable to Common Stockholders (Tables)

3 Months Ended

Apr. 30, 2026

Earnings Per Share [Abstract]

Schedule of Computation of Basic and Diluted Earnings per Share

The following table sets forth the computation of basic and diluted earnings per share attributable to common stockholders for the periods presented (in thousands, except per share and share amounts):


	Three Months Ended April 30,
	2026		2025

Basic earnings per share
Numerator:
Net income attributable to common stockholders	$	12,834	$	25,947
Denominator:
Weighted-average number of common stock outstanding used in computing earnings per share, basic	151,724,284		40,271,969
Earnings per share attributable to common stockholders, basic	$	0.08	$	0.64

Diluted earnings per share
Numerator:
Net income attributable to common stockholders, basic	$	12,834	$	25,947


Fair value adjustment for liability-classified common stock warrant, net of tax effect	(11)		—
Net income attributable to common stockholders, dilutive	$	12,823	$	25,947
Denominator:
Weighted-average number of common stock outstanding used in computing earnings per share, basic	151,724,284		40,271,969

Conversion of redeemable convertible preferred stock, all series	—		69,852,421
Dilutive effect of unvested RSUs	4,293,612		—
Dilutive effect of stock options	18,673,450		30,780,811
Dilutive effect of equity-classified common stock warrants	785,884		1,337,133
Dilutive effect of liability-classified Series G Warrant	—		190,465
Dilutive effect of liability-classified common stock warrant	23,624		55,036
Weighted-average number of common stock outstanding used in computing earnings per share, dilutive	175,500,854		142,487,835
Earnings per share attributable to common stockholders, diluted	$	0.07	$	0.18

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following common stock equivalents were excluded from the computation of diluted earnings per share attributable to common stockholders because including them would have been antidilutive (outstanding):


	Three Months Ended April 30,
	2026	2025

Series G Warrant	251,750	—
RSUs	—	33,493,691
SAFEs	—	Various

Revenue

3 Months Ended

Apr. 30, 2026

Revenue from Contract with Customer [Abstract]

Revenue

Disaggregation of Revenue

The principal categories the Company uses to disaggregate revenue reflect the type of service from which the revenue is generated, which is consistent with the presentation in the condensed consolidated statements of operations.

Contract Balances

The revenue streams identified as being generated through contracts with clients are outlined in Note 2. — Summary of Significant Accounting Policies of the audited annual consolidated financial statements for the fiscal year ended January 31, 2026 are all settled in arrears, in accordance with the Company’s contracts with the applicable counterparties. Receivables relate to the Company’s unconditional right to receive payment for its performance completed under the contract. The Company does not have deferred revenue as of April 30, 2026 and January 31, 2026. No other contract assets or liabilities existed as of April 30, 2026 and January 31, 2026.

The table below sets forth the opening and closing balances for accounts receivable from contracts with clients (in thousands):


	Cash Management Receivable		Investment Advisory Receivable		Other Receivable		Total Accounts Receivable


Closing Balance, January 31, 2026	$	23,603	$	9,001	$	523	$	33,127
Change	(3,297)		57		(136)		(3,376)
Closing Balance, April 30, 2026	$	20,306	$	9,058	$	387	$	29,751

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

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+ Details

Common Stock (Tables)

3 Months Ended

Apr. 30, 2026

Equity [Abstract]

Schedule of Stock Reserved For Issuance

At April 30, 2026 and January 31, 2026, the Company reserved the following shares of common stock for issuance:


	April 30,	January 31,
	2026	2026

Common stock warrants	1,378,963	1,953,463
Other stock awards issued	37,934,770	39,505,733
Authorized for future stock awards or stock options	27,508,041	27,856,967
Total shares of common stock reserved	66,821,774	69,316,163

- Definition

Tabular disclosure of an entity's stock, including par or stated value per share, number and dollar amount of share subscriptions, shares authorized, shares issued, shares outstanding, number and dollar amount of shares held in an employee trust, dividend per share, total dividends, share conversion features, par value plus additional paid in capital, the value of treasury stock and other information necessary to a fair presentation, and EPS information. Stock by class includes common, convertible, and preferred stocks which are not redeemable or redeemable solely at the option of the issuer. Includes preferred stock with redemption features that are solely within the control of the issuer and mandatorily redeemable stock if redemption is required to occur only upon liquidation or termination of the reporting entity. If more than one issue is outstanding, state the title of each issue and the corresponding dollar amount; dollar amount of any shares subscribed but unissued and the deduction of subscriptions receivable there from; number of shares authorized, issued, and outstanding.

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+ Details

Revenue (Details) $ in Thousands	3 Months Ended
Revenue (Details) $ in Thousands	Apr. 30, 2026 USD ($)
Contract with Customer, Receivable, after Allowance for Credit Loss [Roll Forward]
Opening Balance	$ 33,127
Change	(3,376)
Ending Balance	29,751
Cash Management Receivable
Contract with Customer, Receivable, after Allowance for Credit Loss [Roll Forward]
Opening Balance	23,603
Change	(3,297)
Ending Balance	20,306
Investment Advisory Receivable
Contract with Customer, Receivable, after Allowance for Credit Loss [Roll Forward]
Opening Balance	9,001
Change	57
Ending Balance	9,058
Other Receivable
Contract with Customer, Receivable, after Allowance for Credit Loss [Roll Forward]
Opening Balance	523
Change	(136)
Ending Balance	$ 387

Leases - Supplemental Cash Flow Information Related To Leases (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2026	Apr. 30, 2025
Cash paid for amounts included in the measurement of lease liabilities:
Payments for operating leases	$ 1,139	$ 1,079

Leases (Tables)

3 Months Ended

Apr. 30, 2026

Leases [Abstract]

Components of Lease Cost

The components of lease cost for operating leases for the three months ended April 30, 2026 and 2025 were as follows (in thousands):


	Three Months Ended April 30,
	2026		2025
Operating lease cost	$	995	$	965
Variable lease cost	330		254
Total lease cost	$	1,325	$	1,219

Supplemental cash flow information related to leases was as follows (in thousands):


	Three Months Ended April 30,
	2026		2025
Cash paid for amounts included in the measurement of lease liabilities:
Payments for operating leases	$	1,139	$	1,079

Lease-Related Assets and Liabilities

The following table summarizes the lease-related assets and liabilities recorded in the condensed consolidated balance sheet at April 30, 2026 and January 31, 2026 (in thousands):


	April 30,		January 31,
	2026		2026
Operating lease ROU assets	$	7,834	$	8,696

Current operating lease liabilities	4,157		4,101
Noncurrent operating lease liabilities	5,229		6,292
Total operating lease liabilities	$	9,386	$	10,393

Lease term and discount rate were as follows:


	April 30,		January 31,
	2026		2026
Weighted-average remaining lease term (years)	2.15		2.40
Weighted-average discount rate	5.29	%	5.29	%

Maturity of Lease Liabilities

The following table provides the maturities of lease liabilities as of April 30, 2026 (in thousands):


Maturity of lease liabilities at April 30:	Amount
2027 (remaining)	$	3,412
2028	4,580
2029	1,964
2030	—
2031	—
Total future undiscounted lease payments	9,956
Less: imputed interest	(570)
Present value of lease liabilities	$	9,386

Income Taxes - Narrative (Details)	3 Months Ended
Income Taxes - Narrative (Details)	Apr. 30, 2026	Apr. 30, 2025
Income Tax Disclosure [Abstract]
Effective tax rate, percent	26.40%	23.90%

Subsequent Events (Details) - USD ($) $ in Thousands, shares in Millions	1 Months Ended	3 Months Ended
	Jun. 12, 2026	Apr. 30, 2026	Apr. 30, 2025
Subsequent Event [Line Items]
Repurchase of common stock		$ 28,261	$ 213
Subsequent Event
Subsequent Event [Line Items]
Repurchase of common stock (in shares)	1.7
Repurchase of common stock	$ 15,700

- Definition

Number of shares that have been repurchased during the period and are being held in treasury.

+ References

+ Details

- Definition

Equity impact of the cost of common and preferred stock that were repurchased during the period. Recorded using the cost method.

+ References + Details

Insider Trading Arrangements

3 Months Ended

Apr. 30, 2026

Trading Arrangements, by Individual

Non-Rule 10b5-1 Arrangement Adopted

false

Rule 10b5-1 Arrangement Terminated

false

Non-Rule 10b5-1 Arrangement Terminated

false

Jaleh Bisharat [Member]

Trading Arrangements, by Individual

Material Terms of Trading Arrangement

Name and Title

Action

Total Shares of Common Stock to be Sold

Adoption Date

Expiration Date

Jaleh Bisharat, Director

Adopt

17,007

4/6/2026

9/15/2026

Name

Jaleh Bisharat

Title

Director

Rule 10b5-1 Arrangement Adopted

true

4/6/2026

9/15/2026

162 days

17,007

Fair Value Measurements - Financial Assets And Liabilities At Fair Value (Details) - USD ($) $ in Thousands	Apr. 30, 2026	Jan. 31, 2026
Assets
Proprietary inventory	$ 1,556	$ 1,500
Total financial assets at fair value	1,078,944	925,814
Liabilities
Warrant liabilities	1,956	1,993
Fractional shares repurchase obligation	689,011	514,877
Total financial liabilities at fair value	690,967	516,870
Level 1
Assets
Proprietary inventory	1,556	1,500
Total financial assets at fair value	1,078,944	925,814
Liabilities
Warrant liabilities	0	0
Fractional shares repurchase obligation	689,011	514,877
Total financial liabilities at fair value	689,011	514,877
Level 2
Assets
Proprietary inventory	0	0
Total financial assets at fair value	0	0
Liabilities
Warrant liabilities	0	0
Fractional shares repurchase obligation	0	0
Total financial liabilities at fair value	0	0
Level 3
Assets
Proprietary inventory	0	0
Total financial assets at fair value	0	0
Liabilities
Warrant liabilities	1,956	1,993
Fractional shares repurchase obligation	0	0
Total financial liabilities at fair value	1,956	1,993
Money Market Funds
Assets
Cash equivalents	385,777	406,837
Money Market Funds \| Level 1
Assets
Cash equivalents	385,777	406,837
Money Market Funds \| Level 2
Assets
Cash equivalents	0	0
Money Market Funds \| Level 3
Assets
Cash equivalents	0	0
Certificates of Deposit
Assets
Cash equivalents	2,600	2,600
Certificates of Deposit \| Level 1
Assets
Cash equivalents	2,600	2,600
Certificates of Deposit \| Level 2
Assets
Cash equivalents	0	0
Certificates of Deposit \| Level 3
Assets
Cash equivalents	0	0
Client-Held Fractional Shares
Assets
Cash equivalents	689,011	514,877
Client-Held Fractional Shares \| Level 1
Assets
Cash equivalents	689,011	514,877
Client-Held Fractional Shares \| Level 2
Assets
Cash equivalents	0	0
Client-Held Fractional Shares \| Level 3
Assets
Cash equivalents	$ 0	$ 0

Earnings per Share Attributable to Common Stockholders - Anti-Dilutive Excluded From EPS (Details) - shares	3 Months Ended
	Apr. 30, 2026	Apr. 30, 2025
Series G Warrant
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive shares excluded from computation of EPS (in shares)	251,750	0
RSUs
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive shares excluded from computation of EPS (in shares)	0	33,493,691
SAFEs
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive shares excluded from computation of EPS (in shares)	0

Commitment and Contingencies - Narrative (Details) $ in Millions	3 Months Ended
	Apr. 30, 2026 USD ($) contract
Long-Term Purchase Commitment [Line Items]
Number of noncancelable contracts \| contract	3
Number of noncancelable contracts with third-party \| contract	1
Cloud Computing Services
Long-Term Purchase Commitment [Line Items]
Payments to acquire software \| $	$ 2.0
Programming Interface Service
Long-Term Purchase Commitment [Line Items]
Payments to acquire software \| $	$ 0.4

Warrants

3 Months Ended

Apr. 30, 2026

Equity [Abstract]

Warrants

Equity-Classified Warrants

From 2019 to 2023, the Company issued warrants to purchase an aggregate of 1.6 million shares of common stock with a weighted-average exercise price of $2.60. All warrants expire 10 years from the date of grant. During the three months ended April 30, 2026, 514,500 of these equity-classified warrants were exercised. As of April 30, 2026, the remaining 1.1 million equity-classified warrants had not been exercised.

Liability-Classified Warrants

The warrant liabilities are included in other noncurrent liabilities in the condensed consolidated balance sheets. The fair value of the warrants is remeasured at the end of every reporting period, with changes in fair value during the period recorded as a component of other income, net in the condensed consolidated statements of operations.

Common Stock Warrant

In April 2020, the Company issued a warrant to purchase 60,000 shares of common stock at an exercise price of $1.16 per share. On February 25, 2026, this warrant was exercised in full on a net exercise basis, resulting in the issuance of 51,481 shares of common stock. No cash was received in connection with these exercises. At January 31, 2026, the warrant was recorded at fair value of approximately $0.5 million.

The fair value of the common stock warrant was estimated using the BSM option-pricing model with the following assumptions:


	January 31,
	2026
Expected term (years)	4.24
Expected volatility	55.00		%
Risk-free interest rate	3.70		%
Expected dividends	—		%
Fair value of common stock	$	8.68

Series G Warrant

At April 30, 2026 and January 31, 2026, a warrant to purchase 251,750 shares of the Company’s common stock (the “Series G Warrant”) at an exercise price of $3.97 was outstanding at a fair value of $2.0 million and $1.5 million, respectively. The Series G Warrant was originally exercisable for shares of Series G redeemable convertible preferred stock, which automatically converted into common stock upon the completion of the IPO. The Series G Warrant is immediately exercisable and expires five years from the effective date of the IPO.

The fair value of the Series G Warrant was estimated using the BSM option-pricing model with the following assumptions:


	April 30,			January 31,
	2026			2026
Expected term (years)	4.61			4.86
Expected volatility	55.00		%	55.00		%
Risk-free interest rate	4.02		%	3.75		%
Expected dividends	—		%	—		%
Fair value of Series G redeemable convertible preferred stock	$	10.53		$	8.68

Leases - Narrative (Details)	Apr. 30, 2026 operatingLease
Lessee, Lease, Description [Line Items]
Number of noncancelable operating leases	3
Number of leases executed	1
Maximum
Lessee, Lease, Description [Line Items]
Noncancelable operating lease remaining term	26 months
Minimum
Lessee, Lease, Description [Line Items]
Noncancelable operating lease remaining term	7 months

Stock-Based Compensation - Summary of RSU Activity (Details) - RSUs	3 Months Ended
	Apr. 30, 2026 $ / shares shares
Number of Shares
Outstanding at January 31, 2026 (in shares) \| shares	15,676,155
Granted (in shares) \| shares	1,350,754
Settled (in shares) \| shares	(1,954,916)
Forfeited (in shares) \| shares	(385,654)
Outstanding at April 30, 2026 (in shares) \| shares	14,686,339
Weighted Average Grant Date Fair Value
Outstanding, Weighted average grant date fair value at January 31 , 2025 (in dollars per share) \| $ / shares	$ 12.51
Granted, Weighted average grant date fair value (in dollars per share) \| $ / shares	8.12
Vested, Weighted average grant date fair value (in dollars per share) \| $ / shares	9.95
Forfeited, Weighted average grant date fair value (in dollars per share) \| $ / shares	12.72
Outstanding, Weighted average grant date fair value at October 31, 2025 (in dollars per share) \| $ / shares	$ 12.32

Common Stock - Common Stock Reserved For Future Issuance (Details) - shares	Apr. 30, 2026	Jan. 31, 2026
Class of Stock [Line Items]
Total shares of common stock reserved	66,821,774	69,316,163
Common stock warrants
Class of Stock [Line Items]
Total shares of common stock reserved	1,378,963	1,953,463
Other stock awards issued
Class of Stock [Line Items]
Total shares of common stock reserved	37,934,770	39,505,733
Authorized for future stock awards or stock options
Class of Stock [Line Items]
Total shares of common stock reserved	27,508,041	27,856,967

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-5

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480008/505-10-S99-1

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480070/505-10-S50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480070/505-10-S50-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
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-Name Accounting Standards Codification
-Section 50
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-Subparagraph (d)
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
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-Name Accounting Standards Codification
-Section 50
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-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-11

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-5

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-3

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section S45
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480100/505-10-S45-3

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section S45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480100/505-10-S45-2

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-2

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
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Reference 16: http://www.xbrl.org/2003/role/disclosureRef
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Reference 17: http://www.xbrl.org/2003/role/disclosureRef
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Reference 18: http://www.xbrl.org/2003/role/disclosureRef
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Reference 19: http://www.xbrl.org/2003/role/disclosureRef
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Reference 20: http://www.xbrl.org/2003/role/disclosureRef
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Reference 21: http://www.xbrl.org/2003/role/disclosureRef
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Reference 22: http://www.xbrl.org/2003/role/disclosureRef
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Reference 23: http://www.xbrl.org/2003/role/disclosureRef
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Reference 24: http://www.xbrl.org/2003/role/disclosureRef
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Reference 25: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 26: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org/1943274/2147479857/480-10-S50-1

Reference 27: http://www.xbrl.org/2003/role/recommendedDisclosureRef
-Topic 272
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-Name Accounting Standards Codification
-Section 45
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483014/272-10-45-3

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org/1943274/2147482987/272-10-50-1

Reference 29: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
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-Name Accounting Standards Codification
-Section S99
-Paragraph 1
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-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
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-Name Accounting Standards Codification
-Section 50
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Reference 31: http://www.xbrl.org/2003/role/disclosureRef
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Reference 32: http://www.xbrl.org/2003/role/disclosureRef
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Reference 33: http://www.xbrl.org/2003/role/disclosureRef
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Reference 34: http://www.xbrl.org/2003/role/disclosureRef
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Reference 35: http://www.xbrl.org/2003/role/disclosureRef
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Reference 36: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479886/946-10-S99-3

Reference 37: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 10
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-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-03(i)(2)(ii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479886/946-10-S99-3

+ Details

Stock-Based Compensation - Summary of Stock Option Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	6 Months Ended
	Apr. 30, 2026	Jul. 31, 2025
Number of Options Outstanding Under the Plans
Outstanding, beginning balance (in shares)	23,755,365
Exercised (in shares)	(501,789)
Expired (in shares)	(5,145)
Forfeited (in shares)	0
Outstanding, ending balance (in shares)	23,248,431
Weighted Average Exercise Price
Options outstanding, Weighted average exercise price per share, beginning balance (in dollars per share)	$ 1.90
Options exercised, Weighted average exercise price per share (in dollars per share)	2.23
Options expired, Weighted average exercise price per share (in dollars per share)	2.45
Options forfeited, Weighted average exercise price per share (in dollars per share)	0
Options outstanding, Weighted average exercise price per share, ending balance (in dollars per share)	$ 1.89
Aggregate Intrinsic Value (in thousands)
Options outstanding, Aggregate intrinsic value, beginning balance (in USD)	$ 161,131
Options exercised, Aggregate intrinsic value (in USD)	3,521
Options outstanding, Aggregate intrinsic value, ending balance (in USD)	$ 200,844
Stock Options Additional Disclosures
Options outstanding, Weighted average remaining contractual term	3 years	3 years 2 months 12 days
Options exercisable, Number of options (in shares)	23,204,963
Options exercisable, Weighted average exercise price per share (in dollars per share)	$ 1.89
Options exercisable, Weighted average remaining contractual term	3 years
Options exercisable, Aggregate intrinsic value (in USD)	$ 200,513

Redeemable Convertible Preferred Stock - Narrative (Details) $ in Thousands	Apr. 30, 2026 USD ($) shares	Dec. 15, 2025 shares	Dec. 14, 2025	Apr. 30, 2025 USD ($) shares	Jan. 31, 2025 USD ($) shares
Temporary Equity [Line Items]
Redeemable convertible preferred stock, shares issued (in shares)	0	69,852,421
Redeemable convertible preferred stock, liquidation preference, Net Carrying Value \| $	$ 227,200			$ 227,198	$ 227,198
Redeemable convertible preferred stock, shares outstanding (in shares)	0	69,852,421		69,852,421	69,914,359
Series A Preferred Stock
Temporary Equity [Line Items]
Preferred stock conversion ratio			1
Series B Preferred Stock
Temporary Equity [Line Items]
Preferred stock conversion ratio			1
Series C Preferred Stock
Temporary Equity [Line Items]
Preferred stock conversion ratio			1
Series D Preferred Stock
Temporary Equity [Line Items]
Preferred stock conversion ratio			1
Series E Preferred Stock
Temporary Equity [Line Items]
Preferred stock conversion ratio			1
Series F Preferred Stock
Temporary Equity [Line Items]
Preferred stock conversion ratio			1
Series G Preferred Stock
Temporary Equity [Line Items]
Preferred stock conversion ratio			1
Redeemable Convertible Preferred Stock Series G-1
Temporary Equity [Line Items]
Preferred stock conversion ratio			1
Redeemable Convertible Preferred Stock Series H-1
Temporary Equity [Line Items]
Preferred stock conversion ratio			1
Redeemable Convertible Preferred Stock Series H-2
Temporary Equity [Line Items]
Preferred stock conversion ratio			1

Common Stock

3 Months Ended

Apr. 30, 2026

Equity [Abstract]

Common Stock

As of April 30, 2026 and January 31, 2026, the Company was authorized to issue 214.6 million shares of common stock, with a par value of $0.0001 per share. Each share of voting common stock has the right to one vote. The holders of common stock are also entitled to receive dividends whenever funds are legally available and when declared by the board of directors, subject to the prior rights of holders of all classes of stock outstanding having priority rights to dividends, and subject to beneficial ownership limitations applicable to certain regulated stockholders. No dividends have been declared by the board of directors from the Company’s inception through April 30, 2026.

Common Stock Reserved for Future Issuance

At April 30, 2026 and January 31, 2026, the Company reserved the following shares of common stock for issuance:


	April 30,	January 31,
	2026	2026

Common stock warrants	1,378,963	1,953,463
Other stock awards issued	37,934,770	39,505,733
Authorized for future stock awards or stock options	27,508,041	27,856,967
Total shares of common stock reserved	66,821,774	69,316,163

- Definition

The entire disclosure for equity.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 20
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479951/505-20-S50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 20
-Name Accounting Standards Codification
-Section S25
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-URI https://asc.fasb.org/1943274/2147479982/505-20-S25-1

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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480008/505-10-S99-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org/1943274/2147480070/505-10-S50-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org/1943274/2147481112/505-10-50-3

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
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-URI https://asc.fasb.org/1943274/2147480100/505-10-S45-3

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org/1943274/2147480100/505-10-S45-2

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
-Section S50
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-URI https://asc.fasb.org/1943274/2147479951/505-20-S50-2

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 20
-Name Accounting Standards Codification
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-Paragraph 2
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-URI https://asc.fasb.org/1943274/2147479982/505-20-S25-2

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
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-Paragraph 4
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-URI https://asc.fasb.org/1943274/2147480008/505-10-S99-4

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
-Section 50
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-URI https://asc.fasb.org/1943274/2147481520/505-30-50-2

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
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-Paragraph 1
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-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
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+ Details

Cover Page - shares	3 Months Ended
Cover Page - shares	Apr. 30, 2026	Jun. 11, 2026
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Apr. 30, 2026
Document Transition Report	false
Entity File Number	001-42987
Entity Registrant Name	Wealthfront Corporation
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	20-8280144
Entity Address, Address Line One	261 Hamilton Avenue
Entity Address, City or Town	Palo Alto,
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	94301
City Area Code	(844)
Local Phone Number	995-8437
Title of 12(b) Security	Common stock, $0.0001 par value per share
Trading Symbol	WLTH
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	true
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		149,361,216
Entity Central Index Key	0001524566
Current Fiscal Year End Date	--01-31
Document Fiscal Year Focus	2027
Document Fiscal Period Focus	Q1
Amendment Flag	false
Entity Ex Transition Period	false

Financing Activities - Narrative (Details) $ in Millions			1 Months Ended
Financing Activities - Narrative (Details) $ in Millions	Oct. 14, 2025 USD ($)	Oct. 31, 2024 USD ($)	Nov. 30, 2019 USD ($)
Line of Credit \| Revolving Credit Facility
Line of Credit Facility [Line Items]
Maximum borrowing capacity	$ 250.0	$ 50.0
Line of Credit \| Revolving Credit Facility \| Commitment Fee Scenario One
Line of Credit Facility [Line Items]
Unused capacity commitment fee, percentage	0.25%
Net leverage ratio	2.00
Line of Credit \| Revolving Credit Facility \| Commitment Fee Scenario Two
Line of Credit Facility [Line Items]
Unused capacity commitment fee, percentage	0.375%
Line of Credit \| Revolving Credit Facility \| Commitment Fee Scenario Two \| Minimum
Line of Credit Facility [Line Items]
Net leverage ratio	2.00
Line of Credit \| Revolving Credit Facility \| Commitment Fee Scenario Two \| Maximum
Line of Credit Facility [Line Items]
Net leverage ratio	3.00
Line of Credit \| Revolving Credit Facility \| Commitment Fee Scenario Three
Line of Credit Facility [Line Items]
Unused capacity commitment fee, percentage	0.50%
Net leverage ratio	3.00
Line of Credit \| Revolving Credit Facility \| Base Rate
Line of Credit Facility [Line Items]
Spread on variable rate		1.00%
Floor rate	0.50%
Line of Credit \| Revolving Credit Facility \| Fed Funds Effective Rate Overnight Index Swap Rate
Line of Credit Facility [Line Items]
Floor rate		0.50%
Line of Credit \| Revolving Credit Facility \| Secured Overnight Financing Rate (SOFR)
Line of Credit Facility [Line Items]
Spread on variable rate		2.00%
Floor rate	1.00%
Line of Credit \| Revolving Credit Facility \| Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Line of Credit Facility [Line Items]
Floor rate		1.00%
Line of Credit \| Letter of Credit
Line of Credit Facility [Line Items]
Maximum borrowing capacity	$ 25.0
SAFEs
Line of Credit Facility [Line Items]
Aggregate purchase amount			$ 2.2

Income Taxes

3 Months Ended

Apr. 30, 2026

Income Tax Disclosure [Abstract]

Income Taxes


	Three Months Ended April 30,
	2026			2025
Income before income taxes	$	17,430		$	34,111
Provision for (benefit from) income taxes	4,596			8,164
Effective tax rate	26.4		%	23.9		%

Each quarter, the Company’s tax provision for interim periods is determined by using an estimated annual effective tax rate, adjusted for discrete items arising in that quarter. The Company updates the estimated annual effective tax rate quarterly and makes a year-to-date adjustment to the provision.

The Company’s effective tax rate was 26.4% and 23.9% for the three months ended April 30, 2026 and 2025. The difference between the effective tax rate and the federal statutory tax rate for each period was primarily due to state income taxes and permanent non-deductible expenses, which were partially offset by federal and state research and development tax credits.

- Definition

The entire disclosure for income tax.

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+ Details

Commitment and Contingencies - Future Minimum Payments (Details) $ in Thousands	Apr. 30, 2026 USD ($)
Commitments and Contingencies Disclosure [Abstract]
2027 (remaining)	$ 5,225
2028	7,400
Total	$ 12,625

Subsequent Events	3 Months Ended
Subsequent Events	Apr. 30, 2026
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events The Company has evaluated subsequent events from the condensed consolidated balance sheets date through June 12, 2026, the issuance date of the condensed consolidated financial statements. Subsequent to April 30, 2026, the Company repurchased an additional 1.7 million shares of its common stock under its authorized share repurchase program for an aggregate settlement amount of $15.7 million. There have been no other material subsequent events other than previously disclosed that occurred during such period that would require disclosure or would be required to be recognized in the consolidated financial statements as of April 30, 2026.

Property, Software, and Equipment, Net - Schedule of Property, Software, and Equipment, Net (Details) - USD ($) $ in Thousands	Apr. 30, 2026	Jan. 31, 2026
Property, Plant, and Equipment [Line Items]
Property, plant and equipment, gross	$ 46,809	$ 45,825
Less: accumulated depreciation and amortization	(39,503)	(38,070)
Property, software, and equipment, net	7,306	7,755
Leasehold Improvements
Property, Plant, and Equipment [Line Items]
Property, plant and equipment, gross	2,475	2,475
Computer Equipment
Property, Plant, and Equipment [Line Items]
Property, plant and equipment, gross	6,620	5,645
Furniture and Fixtures
Property, Plant, and Equipment [Line Items]
Property, plant and equipment, gross	721	712
Software, Internally Developed
Property, Plant, and Equipment [Line Items]
Property, plant and equipment, gross	$ 36,993	$ 36,993

- Definition

Amount of accumulated depreciation, depletion, and amortization of property, plant, and equipment. Includes, but is not limited to, land and land improvement; building; machinery and equipment; furniture and fixture; and work of art, historical treasure, or similar asset classified as collection.

+ References + Details

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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- Definition

Amount, after accumulated depreciation, depletion, and amortization, of property, plant, and equipment. Includes, but is not limited to, land and land improvement; building; machinery and equipment; furniture and fixture; and work of art, historical treasure, or similar asset classified as collection.

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+ Details

Leases - Components of Lease Cost (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2026	Apr. 30, 2025
Leases [Abstract]
Operating lease cost	$ 995	$ 965
Variable lease cost	330	254
Total lease cost	$ 1,325	$ 1,219

Earnings per Share Attributable to Common Stockholders

3 Months Ended

Apr. 30, 2026

Earnings Per Share [Abstract]

Earnings per Share Attributable to Common Stockholders


	Three Months Ended April 30,
	2026		2025

Basic earnings per share
Numerator:
Net income attributable to common stockholders	$	12,834	$	25,947
Denominator:
Weighted-average number of common stock outstanding used in computing earnings per share, basic	151,724,284		40,271,969
Earnings per share attributable to common stockholders, basic	$	0.08	$	0.64

Diluted earnings per share
Numerator:
Net income attributable to common stockholders, basic	$	12,834	$	25,947


Fair value adjustment for liability-classified common stock warrant, net of tax effect	(11)		—
Net income attributable to common stockholders, dilutive	$	12,823	$	25,947
Denominator:
Weighted-average number of common stock outstanding used in computing earnings per share, basic	151,724,284		40,271,969

Conversion of redeemable convertible preferred stock, all series	—		69,852,421
Dilutive effect of unvested RSUs	4,293,612		—
Dilutive effect of stock options	18,673,450		30,780,811
Dilutive effect of equity-classified common stock warrants	785,884		1,337,133
Dilutive effect of liability-classified Series G Warrant	—		190,465
Dilutive effect of liability-classified common stock warrant	23,624		55,036
Weighted-average number of common stock outstanding used in computing earnings per share, dilutive	175,500,854		142,487,835
Earnings per share attributable to common stockholders, diluted	$	0.07	$	0.18


	Three Months Ended April 30,
	2026	2025

Series G Warrant	251,750	—
RSUs	—	33,493,691
SAFEs	—	Various

Redeemable Convertible Preferred Stock (Tables)	3 Months Ended
Redeemable Convertible Preferred Stock (Tables)	Apr. 30, 2026
Temporary Equity Disclosure [Abstract]
Schedule of Redeemable Convertible Preferred Stock

- Definition

Tabular disclosure of temporary equity. Temporary equity is a security with redemption features that are outside the control of the issuer, is not classified as an asset or liability in conformity with GAAP, and is not mandatorily redeemable. Includes any type of security that is redeemable at a fixed or determinable price or on a fixed or determinable date or dates, is redeemable at the option of the holder, or has conditions for redemption which are not solely within the control of the issuer. If convertible, the issuer does not control the actions or events necessary to issue the maximum number of shares that could be required to be delivered under the conversion option if the holder exercises the option to convert the stock to another class of equity. If the security is a warrant or a rights issue, the warrant or rights issue is considered to be temporary equity if the issuer cannot demonstrate that it would be able to deliver upon the exercise of the option by the holder in all cases. Includes stock with put option held by ESOP and stock redeemable by holder only in the event of a change in control of the issuer.

+ References + Details

Leases

3 Months Ended

Apr. 30, 2026

Leases [Abstract]

Leases

The Company has three noncancelable operating leases for its offices with remaining lease terms ranging from 7 months to 26 months. All leases require the Company to pay annual operating, tax or utilities expenses, which are included in the variable lease costs. The Company utilizes its incremental borrowing rate in determining the present value of lease payments, as the implicit rate is not readily determinable.

The components of lease cost for operating leases for the three months ended April 30, 2026 and 2025 were as follows (in thousands):


	Three Months Ended April 30,
	2026		2025
Operating lease cost	$	995	$	965
Variable lease cost	330		254
Total lease cost	$	1,325	$	1,219

Supplemental cash flow information related to leases was as follows (in thousands):


	Three Months Ended April 30,
	2026		2025
Cash paid for amounts included in the measurement of lease liabilities:
Payments for operating leases	$	1,139	$	1,079

The following table summarizes the lease-related assets and liabilities recorded in the condensed consolidated balance sheet at April 30, 2026 and January 31, 2026 (in thousands):


	April 30,		January 31,
	2026		2026
Operating lease ROU assets	$	7,834	$	8,696

Current operating lease liabilities	4,157		4,101
Noncurrent operating lease liabilities	5,229		6,292
Total operating lease liabilities	$	9,386	$	10,393

Lease term and discount rate were as follows:


	April 30,		January 31,
	2026		2026
Weighted-average remaining lease term (years)	2.15		2.40
Weighted-average discount rate	5.29	%	5.29	%

The following table provides the maturities of lease liabilities as of April 30, 2026 (in thousands):


Maturity of lease liabilities at April 30:	Amount
2027 (remaining)	$	3,412
2028	4,580
2029	1,964
2030	—
2031	—
Total future undiscounted lease payments	9,956
Less: imputed interest	(570)
Present value of lease liabilities	$	9,386

As of April 30, 2026, the Company had one executed operating lease modification that had not yet commenced. This modification, which became effective May 1, 2026, extends the lease term and expands the leased square footage within an existing facility.

Related Party Transactions (Details) - Wealthfront Holdings LLC	Feb. 16, 2026 USD ($)
Related Party Transaction [Line Items]
Percentage of voting interest acquired	0.951
Purchase price	$ 1
Ownership interest, percentage	100.00%

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

Common Stock - Narrative (Details)	Apr. 30, 2026 vote $ / shares shares	Jan. 31, 2026 $ / shares shares
Equity [Abstract]
Common stock, authorized (in shares) \| shares	214,611,134	214,611,134
Common stock, par value (in dollars per share) \| $ / shares	$ 0.0001	$ 0.0001
Voting rights per share of stock \| vote	1

Warrants - Narrative (Details) - USD ($) $ / shares in Units, $ in Millions			3 Months Ended
	Feb. 25, 2026	Dec. 15, 2025	Apr. 30, 2026	Apr. 30, 2025	Jan. 31, 2026	Dec. 31, 2023	Apr. 30, 2020
Programming Interface Service
Class of Warrant or Right [Line Items]
Payments to acquire software			$ 0.4
Common Stock
Class of Warrant or Right [Line Items]
Shares issued during period after conversion of convertible securities	51,481	69,852,421	563,642	61,938
Equity-Classified Warrants
Class of Warrant or Right [Line Items]
Number of securities called by warrants (in shares)						1,600,000
Exercise price of warrants (in dollars per share)						$ 2.60
Warrants term						10 years
Warrants exercised during period (in warrants)			514,500
Warrants outstanding			1,100,000
Series G Warrant
Class of Warrant or Right [Line Items]
Number of securities called by warrants (in shares)			251,750		251,750
Exercise price of warrants (in dollars per share)			$ 3.97		$ 3.97
Warrants term			5 years
Liability outstanding			$ 2.0		$ 1.5
Common stock warrants
Class of Warrant or Right [Line Items]
Number of securities called by warrants (in shares)							60,000
Exercise price of warrants (in dollars per share)							$ 1.16
Liability outstanding					$ 0.5

Warrants - Fair Value of Warrants (Details)	Apr. 30, 2026 $ / shares yr	Jan. 31, 2026 $ / shares yr
Common stock warrants \| Expected term (years)
Class of Warrant or Right [Line Items]
Warrants, measurement input \| yr		4.24
Common stock warrants \| Expected volatility
Class of Warrant or Right [Line Items]
Warrants, measurement input		0.5500
Common stock warrants \| Risk-free interest rate
Class of Warrant or Right [Line Items]
Warrants, measurement input		0.0370
Common stock warrants \| Expected dividends
Class of Warrant or Right [Line Items]
Warrants, measurement input		0
Common stock warrants \| Fair value of common stock
Class of Warrant or Right [Line Items]
Warrants, measurement input \| $ / shares		8.68
Series G Warrant \| Expected term (years)
Class of Warrant or Right [Line Items]
Warrants, measurement input \| yr	4.61	4.86
Series G Warrant \| Expected volatility
Class of Warrant or Right [Line Items]
Warrants, measurement input	0.5500	0.5500
Series G Warrant \| Risk-free interest rate
Class of Warrant or Right [Line Items]
Warrants, measurement input	0.0402	0.0375
Series G Warrant \| Expected dividends
Class of Warrant or Right [Line Items]
Warrants, measurement input	0	0
Series G Warrant \| Fair value of common stock
Class of Warrant or Right [Line Items]
Warrants, measurement input \| $ / shares	10.53	8.68

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Apr. 30, 2026	Jan. 31, 2026
Current assets:
Cash and cash equivalents	$ 428,208	$ 440,805
Cash segregated and on deposit for regulatory purposes	13,833	10,375
Due from clients	273,668	227,413
Accounts receivable	29,751	33,127
Client-held fractional shares	689,011	514,877
Other current assets	51,127	49,187
Total current assets	1,485,598	1,275,784
Deferred tax assets, net	115,869	119,749
Operating lease right-of-use asset	7,834	8,696
Property, software, and equipment, net	7,306	7,755
Other noncurrent assets	3,650	3,745
Total assets	1,620,257	1,415,729
Current liabilities:
Accounts payable	7,258	7,299
Accrued liabilities	12,897	8,830
Due to clients	12,049	30,209
Payable to clearing broker	273,512	227,439
Current portion of operating lease liabilities	4,157	4,101
Fractional shares repurchase obligation	689,011	514,877
Total current liabilities	998,884	792,755
Operating lease liabilities, net of current portion	5,229	6,292
Other noncurrent liabilities	1,956	1,993
Total liabilities	1,006,069	801,040
Commitments and contingencies (Note 8)
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	12	12
Treasury stock, at cost; 4,606,471 and 1,476,948 shares held as of April 30, 2026 and January 31, 2026, respectively	(41,313)	(13,052)
Additional paid-in capital	784,656	769,730
Accumulated deficit	(129,167)	(142,001)
Total stockholders’ equity	614,188	614,689
Total liabilities and stockholders’ equity	$ 1,620,257	$ 1,415,729

Stock-Based Compensation - Nonvested Stock Option Activity (Details)	3 Months Ended
	Apr. 30, 2026 $ / shares shares
Shares
Unvested at January 31, 2026 \| shares	74,213
Vested \| shares	(30,745)
Forfeited \| shares	0
Unvested at April 30, 2026 \| shares	43,468
Weighted-Average Grant-Date Fair Value
Unvested at January 31, 2025, Weighted average exercise price (in dollars per share) \| $ / shares	$ 4.73
Vested, Weighted average grant date fair value (in dollars per share) \| $ / shares	4.73
Forfeited, Weighted average grant date fair value (in dollars per share) \| $ / shares	0
Unvested at October 31, 2025, Weighted average exercise price (in dollars per share) \| $ / shares	$ 4.73

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2026	Apr. 30, 2025
Revenue:
Revenue	$ 90,484	$ 84,514
Costs and operating expenses:
Cost of revenue	9,964	8,668
Product development	33,715	20,232
General and administrative	16,921	9,867
Marketing	11,220	10,188
Operations and support	4,116	2,925
Total costs and operating expenses	75,936	51,880
Interest expense	252	67
Other expense (income), net	(3,134)	(1,544)
Income before income taxes	17,430	34,111
Provision for income taxes	4,596	8,164
Net income	$ 12,834	$ 25,947
Earnings per share:
Earnings per share attributable to common stockholders, basic	$ 0.08	$ 0.64
Diluted (in dollars per share)	$ 0.07	$ 0.18
Weighted-average shares outstanding used in computing earnings per share:
Basic (in shares)	151,724,284	40,271,969
Diluted (in shares)	175,500,854	142,487,835
Cash management
Revenue:
Revenue	$ 63,381	$ 64,266
Investment advisory
Revenue:
Revenue	26,244	19,874
Other revenue
Revenue:
Revenue	$ 859	$ 374

Redeemable Convertible Preferred Stock	3 Months Ended
Redeemable Convertible Preferred Stock	Apr. 30, 2026
Temporary Equity Disclosure [Abstract]
Redeemable Convertible Preferred Stock	Redeemable Convertible Preferred Stock Upon completion of the IPO, all shares of the Company’s redeemable convertible preferred stock outstanding, totaling 69,852,421, were automatically converted into an equivalent number of shares of common stock on a one-to-one basis and their carrying value of $227.2 million was reclassified into stockholders’ equity. As of April 30, 2026, there were no shares of redeemable convertible preferred stock issued and outstanding.

Financing Activities	3 Months Ended
Financing Activities	Apr. 30, 2026
Debt Disclosure [Abstract]
Financing Activities	Financing Activities Revolving Line of Credit On October 31, 2024, the Company entered into a credit agreement (the “Original Credit Agreement”) with a third-party financial institution to provide a revolving line of up to $50.0 million (the “Revolver”) with a maturity date of October 30, 2025. Interest accrued on the outstanding principal balance is at (i) the base rate, plus 1.0% per annum or (ii) Adjusted Daily Simple SOFR (as defined in the Original Credit Agreement), plus 2.0% per annum. The base rate is defined as the highest of (i) the Prime Rate (as defined in the Original Credit Agreement); (ii) the Federal Funds Rate (as defined in the Original Credit Agreement), plus 0.50%; and (iii) Adjusted Daily Simple SOFR plus 1.00%, and is payable on a monthly basis. On October 14, 2025, the Company entered into an amended and restated credit agreement (the “Credit Agreement”) with the same third-party financial institution acting as administrative agent to provide a revolving line of up to $250.0 million (the “Amended Revolver”), including a subfacility of up to $25.0 million for letters of credit. This Credit Agreement replaced the Original Credit Agreement entered into on October 31, 2024. Interest accrues on the outstanding principal balance, at the Company’s option, is at either (i) the base rate determined by the highest of the prime rate, the federal funds effective rate plus 0.50% and the adjusted daily SOFR plus the 1.00%, or (ii) the adjusted daily SOFR plus the applicable interest margin. In addition, the Company will be required to pay commitment fees of (i) 0.25% per annum on the undrawn portion of the commitments under the Credit Agreement based on a consolidated total net leverage ratio less than 2.00 to 1.00, (ii) 0.375% per annum based on a consolidated total net leverage ratio greater than or equal to 2.00 to 1.00 but less than 3.00 to 1.00, and (iii) 0.50% per annum based on a consolidated total net leverage ratio greater than or equal to 3.00 to 1.00. There were no amounts outstanding under the Amended Revolver as of April 30, 2026 and January 31, 2026, and no borrowing or repayment activity occurred under the facility during the three months ended April 30, 2026. Simple Agreement for Future Equity In November 2019, the Company entered into a series of SAFEs with new investors associated with a small “acquihire” for an aggregate purchase amount of $2.2 million (the “Purchase Amount”). Upon equity financing or termination, the SAFE holders will receive an aggregate number of shares of common stock equal to the Purchase Amount divided by the conversion price. Upon completion of the Company’s IPO on December 15, 2025, all outstanding SAFEs automatically converted into shares of the Company’s common stock in accordance with their terms, and no SAFEs were outstanding as of April 30, 2026.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

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+ Details

Related Party Transactions	3 Months Ended
Related Party Transactions	Apr. 30, 2026
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions Related party transactions may include any transaction between the Company and entities under common control or with a related party. The Company defines related parties as members of the board of directors, executive officers, existing investors holding 10% or more of the Company’s outstanding voting stock, principal owners of the Company’s outstanding stock and any immediate family members of each related party, as well as any other person or entity with significant influence over the management or operations of the Company. In July 2024, in connection with the acquisition of Unified National Mortgage LLC (renamed Wealthfront Home Lending, LLC), the Company entered into a series of management and financing agreements with the Company’s Chief Executive Officer, Wealthfront Home Lending, and Wealthfront Holdings LLC (“Holdings LLC”), the purchasing entity. Through these agreements, the Company directs the significant activities of Wealthfront Home Lending and absorbs all associated benefits and losses from Wealthfront Home Lending. As of and during the three months ended April 30, 2026 and 2025, the assets, liabilities and activities of Wealthfront Home Lending and Wealthfront Holdings were immaterial to the Company’s condensed consolidated financial statements. On February 16, 2026, the Company entered into an equity purchase agreement (the “Purchase Agreement”) with David Fortunato, the Company’s Chief Executive Officer, President and director. Pursuant to the Purchase Agreement, Mr. Fortunato sold his entire 95.1% limited liability company interest (the “Ownership Interest”) in Holdings LLC to the Company for nominal consideration in the amount of one dollar ($1). Following this transaction, the Company became the sole owner of 100.0% of the limited liability company interests of Holdings LLC. The transactions had no material impact to the condensed consolidated financial statements.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References

+ Details

Income Taxes - Components of Income Tax Expense (Benefit) (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2026	Apr. 30, 2025
Income Tax Disclosure [Abstract]
Income before income taxes	$ 17,430	$ 34,111
Provision for income taxes	$ 4,596	$ 8,164
Effective tax rate, percent	26.40%	23.90%

- Definition

Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.

+ References

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+ Details

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References

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+ Details

Summary of Significant Accounting Policies - Narrative (Details)	3 Months Ended
	Apr. 30, 2026 segment
Accounting Policies [Abstract]
Number of operating segments	1

Stock-Based Compensation (Tables)

3 Months Ended

Apr. 30, 2026

Share-Based Payment Arrangement [Abstract]

Summary of Stock Option Activity

A summary of stock option activity as of and for the three months ended April 30, 2026 under the Plans is as follows:


	Number of Options Outstanding Under the Plans	Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (Years)	Aggregate Intrinsic Value (in thousands)
Outstanding at January 31, 2026*	23,755,365	$	1.90	3.2	161,131


Exercised	(501,789)	2.23			3,521
Expired	(5,145)	2.45			—
Forfeited	—	—			—
Outstanding at April 30, 2026*	23,248,431	1.89		3.0	$	200,844
Exercisable at April 30, 2026	23,204,963	$	1.89	3.0	$	200,513

Schedule of Nonvested Stock Option Activity


	Shares	Weighted-Average Grant-Date Fair Value
Unvested at January 31, 2026	74,213	$	4.73

Vested	(30,745)	4.73
Forfeited	—	—
Unvested at April 30, 2026	43,468	$	4.73

Summary of Restricted Stock Activity

A summary of RSU activity for the three months ended April 30, 2026 under the Plans is as follows:


	Number of Shares	Weighted Average Grant Date Fair Value
Outstanding at January 31, 2026	15,676,155	$	12.51
Granted	1,350,754	8.12
Settled	(1,954,916)	9.95
Forfeited	(385,654)	12.72
Outstanding at April 30, 2026	14,686,339	$	12.32

Allocation of Stock-Based Compensation

Stock-based compensation expense recognized in the condensed consolidated statements of operations for the three months ended April 30, 2026 and 2025 was as follows (in thousands):


	Three Months Ended April 30,
	2026		2025
Product development	$	10,120	$	1,251
General and administrative	5,721		349
Marketing	240		91
Operations and support	972		188


Total stock-based compensation expense, net of amounts capitalized	$	17,053	$	1,879

Stock-Based Compensation - Share-Based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2026	Apr. 30, 2025
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense, net of amounts capitalized	$ 17,053	$ 1,879
Income Statement Location [Axis]: us-gaap:GeneralAndAdministrativeExpense
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense, net of amounts capitalized	5,721	349
Income Statement Location [Axis]: us-gaap:LaborAndRelatedExpense
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense, net of amounts capitalized	972	188
Income Statement Location [Axis]: us-gaap:MarketingExpense
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense, net of amounts capitalized	240	91
Income Statement Location [Axis]: us-gaap:ResearchAndDevelopmentExpense
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense, net of amounts capitalized	$ 10,120	$ 1,251

Property, Software, and Equipment, Net

3 Months Ended

Apr. 30, 2026

Property, Plant, and Equipment [Abstract]

Property, Software, and Equipment, Net

Property, software, and equipment, net as of April 30, 2026 and January 31, 2026 consists of the following (in thousands):


	April 30,		January 31,
	2026		2026
Leasehold improvements	$	2,475	$	2,475
Computer equipment	6,620		5,645
Furniture and fixtures	721		712
Internally developed software	36,993		36,993
Total	46,809		45,825
Less: accumulated depreciation and amortization	(39,503)		(38,070)
Property, software, and equipment, net	$	7,306	$	7,755

Depreciation expense related to property and equipment was $0.2 million for the three months ended April 30, 2026, compared to $0.2 million for the three months ended April 30, 2025.

No internally developed software was capitalized or written off due to impairment during the three months ended April 30, 2026. The Company wrote-off $0.4 million due to impairment in internally developed software during the three months ended April 30, 2025.

The amortization expense on capitalized internally developed software was $1.2 million for the three months ended April 30, 2026, compared to $1.6 million for the three months ended April 30, 2025.

- Definition

The entire disclosure for property, plant, and equipment. Includes, but is not limited to, land and land improvement; building; machinery and equipment; furniture and fixture; and work of art, historical treasure, or similar asset classified as collection.

+ References

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+ Details

Description of Business	3 Months Ended
Description of Business	Apr. 30, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of Business	Description of Business Wealthfront Corporation, a Delaware corporation incorporated in January 2007 (together with its consolidated subsidiaries, “Wealthfront” or the “Company”), is a technology company that built a financial solutions platform for digital natives to turn their savings into long-term wealth. The Company’s broad suite of products, including cash management, investing, borrowing and lending, and financial planning solutions, address the diverse financial needs of its clients regardless of the economic environment. Clients have ownership of the securities they transact on the Company’s platform, including those that collateralize margin loans, and, as a result, such securities are not presented on the consolidated balance sheets, other than client-held fractional shares which are presented gross. The Company’s significant, wholly owned subsidiaries include Wealthfront Advisers LLC, a U.S. Securities and Exchange Commission (“SEC”)-registered investment adviser, and Wealthfront Brokerage LLC, an SEC-registered broker-dealer and a member of the Financial Industry Regulatory Authority. Initial Public Offering On December 15, 2025, the Company closed its initial public offering (“IPO”) of 34,615,384 shares of its common stock at a public offering price of $14.00 per share. In the IPO, 21,468,038 shares of common stock were sold by the Company and 13,147,346 shares of common stock were sold by selling stockholders. The Company’s net proceeds from the sale of common stock were $282.1 million, partially offset by underwriting discounts and commissions payable by the Company of $18.5 million. In connection with the IPO, all of the outstanding shares of convertible preferred stock automatically converted into 69,852,421 shares of common stock and all warrants became exercisable at a weighted average price of $2.73 per share for an aggregate of 1,953,463 shares of common stock. Upon completion of the IPO, approximately $9.2 million of deferred offering costs were reclassified into stockholders’ equity as a reduction of the IPO proceeds. The Company recognized a one-time cumulative share-based compensation expense of approximately $239.0 million related to restricted stock units (“RSUs”) for which the time-based vesting condition was satisfied or partially satisfied when the performance condition was satisfied. The performance condition was satisfied upon the completion of the IPO. The Company incurred $140.9 million of tax withholdings and remittance obligations in connection with the net settlement of RSUs upon IPO completion, inclusive of employee and employer payroll tax obligations.

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2026	Apr. 30, 2025
Operating activities
Net income	$ 12,834	$ 25,947
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization of property, software, and equipment, net	1,434	1,847
Non-cash lease expense	862	794
Deferred income taxes	3,880	0
Stock-based compensation expense	17,053	1,879
Impairment of internally developed software	0	378
Change in fair value of warrant liabilities	412	0
Changes in operating assets and liabilities:
Due from clients	(46,255)	(25,685)
Accounts receivable	3,376	1,309
Other current and noncurrent assets	(1,845)	1,325
Accounts payable	(41)	226
Accrued liabilities	4,067	8,234
Due to clients	(18,160)	(2,711)
Payable to clearing broker	46,073	25,847
Lease liabilities	(1,007)	(909)
Net cash provided by (used in) operating activities	22,683	38,481
Investing activities
Purchases of property, software, and equipment	(985)	(211)
Net cash used in investing activities	(985)	(211)
Financing activities
Taxes paid related to net share settlement of RSUs	(4,653)	0
Proceeds from exercise of stock options, including early exercises	1,118	369
Proceeds from exercise of common stock warrants	960	0
Repurchase of common stock	(28,261)	(213)
Net cash (used in) provided by financing activities	(30,837)	156
Net (decrease) increase in cash and cash equivalents, cash segregated and on deposit for regulatory purposes, and restricted cash and cash equivalents	(9,139)	38,426
Cash and cash equivalents, cash segregated and on deposit for regulatory purposes, and restricted cash and cash equivalents at the beginning of the period	453,790	154,553
Cash and cash equivalents, cash segregated and on deposit for regulatory purposes, and restricted cash and cash equivalents at the end of the period	444,651	192,979
Supplemental disclosures of cash flow information
Cash (refunded) paid for income taxes	(420)	481
Cash paid for interest	2,736	1,654
Non-cash financing activities
Issuance of common stock warrants upon cashless exercise	449
The following presents cash and cash equivalents, cash segregated and on deposit for regulatory purposes, and restricted cash and cash equivalents
Cash and cash equivalents	428,208	182,867
Cash segregated and on deposit for regulatory purposes	13,833	7,502
Restricted cash and cash equivalents in other noncurrent assets	2,610	2,610
Total cash and cash equivalents, cash segregated and on deposit for regulatory purposes, and restricted cash and cash equivalents	$ 444,651	$ 192,979

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Apr. 30, 2026	Jan. 31, 2026
Statement of Financial Position [Abstract]
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, authorized (in shares)	214,611,134	214,611,134
Common stock, issued (in shares)	154,081,996	151,782,411
Common stock, outstanding (in shares)	149,475,525	150,305,463
Treasury stock (in shares)	4,606,471	1,476,948

- Definition

Number of shares of common stock outstanding. Common stock represent the ownership interest in a corporation.

+ References

+ Details

Property, Software, and Equipment, Net (Tables)

3 Months Ended

Apr. 30, 2026

Property, Plant, and Equipment [Abstract]

Schedule of Property, Software, and Equipment, Net

Property, software, and equipment, net as of April 30, 2026 and January 31, 2026 consists of the following (in thousands):


	April 30,		January 31,
	2026		2026
Leasehold improvements	$	2,475	$	2,475
Computer equipment	6,620		5,645
Furniture and fixtures	721		712
Internally developed software	36,993		36,993
Total	46,809		45,825
Less: accumulated depreciation and amortization	(39,503)		(38,070)
Property, software, and equipment, net	$	7,306	$	7,755

Fair Value Measurements (Tables)

3 Months Ended

Apr. 30, 2026

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis


	Financial Assets and Liabilities at Fair Value
	Total		Level 1		Level 2		Level 3
April 30, 2026
Assets
Cash equivalents
Money market funds	$	385,777	$	385,777	$	—	$	—
Certificates of deposit	2,600		2,600		—		—
Client-held fractional shares	689,011		689,011		—		—
Other current assets
Proprietary inventory	1,556		1,556		—		—
Total financial assets at fair value	$	1,078,944	$	1,078,944	$	—	$	—
Liabilities

Other noncurrent liabilities

Warrant liabilities	1,956		—		—		1,956
Fractional shares repurchase obligation	689,011		689,011		—		—
Total financial liabilities at fair value	$	690,967	$	689,011	$	—	$	1,956


	Financial Assets and Liabilities at Fair Value
	Total		Level 1		Level 2		Level 3
January 31, 2026
Assets
Cash equivalents
Money market funds	$	406,837	$	406,837	$	—	$	—
Certificates of deposit	2,600		2,600		—		—
Client-held fractional shares	514,877		514,877		—		—
Other current assets
Proprietary inventory	1,500		1,500		—		—
Total financial assets at fair value	$	925,814	$	925,814	$	—	$	—
Liabilities

Other noncurrent liabilities

Warrant liabilities	1,993		—		—		1,993
Fractional shares repurchase obligation	514,877		514,877		—		—
Total financial liabilities at fair value	$	516,870	$	514,877	$	—	$	1,993

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation

The following table sets forth a summary of the changes in the fair value of the Company’s Level 3 financial instruments that are measured at fair value on a recurring basis (in thousands):


	Warrant Liabilities		SAFEs		Total
Balance at January 31, 2026	$	1,993	$	—	$	1,993
Mark-to-market adjustment	412		—		412
Exercise of warrants	(449)		—		(449)


Balance at April 30, 2026	$	1,956	$	—	$	1,956


	Warrant Liabilities		SAFEs		Total
Balance at January 31, 2025	$	3,510	$	6,141	$	9,651
Mark-to-market adjustment	—		—		—


Balance at April 30, 2025	$	3,510	$	6,141	$	9,651

Stock-Based Compensation

3 Months Ended

Apr. 30, 2026

Share-Based Payment Arrangement [Abstract]

Stock-Based Compensation

In January 2008, the Company adopted the 2008 Equity Incentive Plan (the “2008 Plan”), which was most recently amended in October 2017 and subsequently terminated in connection with the adoption of the Company’s 2017 Plan (as defined below). The 2008 Plan allowed stock options to be granted to Company employees, officers, directors, advisors, consultants, and other service providers as either incentive stock options (“ISOs”) or non-statutory stock options (“NSOs”). ISOs could be granted only to the Company’s employees. NSOs could be granted to the Company’s service providers who were not employees.

Under the 2008 Plan, options could be granted for terms no longer than 10 years from the date of the grant. In the case of an ISO grant to an optionee who, at the time the option is granted, owned stock representing more than 10% of the voting power of all classes of stock of the Company or any parent or subsidiary, the term of the option was five years from the date of grant. ISOs and NSOs generally vested

at a rate of 25% on the first anniversary of the grant date and then ratably over the next three years. Upon termination of employment, any unvested shares were automatically returned to the Company. Those shares were added back to the plan and made available for future grants. The 2008 Plan was terminated in 2017, but the awards granted previously still vest. At April 30, 2026 and January 31, 2026, no shares from the 2008 Plan remained available for future grants.

In December 2017, the Company adopted the 2017 Equity Incentive Plan (the “2017 Plan”), which was most recently amended in September 2025 and subsequently terminated in connection with the adoption of the Company’s 2025 Plan (as defined below). The 2017 Plan allowed stock options to be granted to Company employees, officers, directors, advisors, consultants, and other service providers as either stock options, restricted stock awards, restricted stock units (“RSUs”), stock appreciation rights, and other equity awards. The 2017 Plan was initially adopted with substantively similar plan features as the 2008 Plan. In August 2018, the 2017 Plan was amended to extend the post-termination exercise period for vested awards, other than terminations for cause, to up to 10 years. At April 30, 2026 and January 31, 2026, no shares from the 2017 Plan remained available for future grants.

In September 2025, the Company’s stockholders approved the 2025 Equity Incentive Plan (the “2025 Plan” and, together with the 2017 and 2008 Plan, the “Plans”). The 2025 Plan became effective in connection with the IPO, and provides for the issuance of up to 17,500,000 shares of the Company’s common stock, plus any reserved shares of the Company’s common stock not issued or subject to outstanding grants under the 2008 Plan and the 2017 Plan on the effective date of the 2025 Plan, pursuant to stock options, RSUs, stock appreciation rights, and other equity awards. The number of shares reserved for issuance under the 2025 Plan will increase automatically on February 1 of each of 2026 through 2035 by the number of shares equal to 5% of the aggregate number of outstanding shares of all classes of the Company’s common stock as of the immediately preceding January 31, or a lesser number as may be determined by the board of directors. The 2025 Plan was initially adopted with substantively similar plan features to the 2017 and 2008 Plans. The Company began issuing awards under the 2025 Plan during the quarter ended January 31, 2026. At April 30, 2026 and January 31, 2026, 35,052,906 and 27,856,967 shares from the 2025 Plan remained available for future grants, respectively.

In accordance with the Plans, the exercise price of an ISO and NSO shall not be less than 100% of the estimated fair value of the shares on the date of grant unless expressly determined in writing by the board of directors or its designated committee, and the exercise price of an ISO granted to a 10% stockholder shall not be less than 110% of the estimated fair value of the shares on the date of grant.

Stock Options

A summary of stock option activity as of and for the three months ended April 30, 2026 under the Plans is as follows:


	Number of Options Outstanding Under the Plans	Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (Years)	Aggregate Intrinsic Value (in thousands)
Outstanding at January 31, 2026*	23,755,365	$	1.90	3.2	161,131


Exercised	(501,789)	2.23			3,521
Expired	(5,145)	2.45			—
Forfeited	—	—			—
Outstanding at April 30, 2026*	23,248,431	1.89		3.0	$	200,844
Exercisable at April 30, 2026	23,204,963	$	1.89	3.0	$	200,513

______________

*The Plans allow for early exercise of stock options and exercised/forfeited balances include only vested stock options exercised.


	Shares	Weighted-Average Grant-Date Fair Value
Unvested at January 31, 2026	74,213	$	4.73

Vested	(30,745)	4.73
Forfeited	—	—
Unvested at April 30, 2026	43,468	$	4.73

As of April 30, 2026, unrecognized stock-based compensation expense related to unvested stock options was $0.2 million, which is expected to be recognized over a weighted-average period of 0.3 years.

No options were granted during the three months ended April 30, 2026 and 2025.

Restricted Stock Units

RSUs are issued at no cost to the recipient and can be settled only in shares after the RSUs have vested. RSUs do not provide the holder with voting rights or cash dividends. Prior to the Company’s IPO, the majority of RSUs vest upon satisfaction of time-based service and performance-based conditions (“dual-trigger RSUs”). Upon completion of the IPO on December 15, 2025, the performance condition was satisfied and the existing dual-trigger awards are now subject only to the remaining service-based vesting conditions. Accordingly, the Company began recognizing share-based compensation expense for these awards from the date the performance condition was satisfied. Following the Company’s IPO, RSUs granted are subject only to continued service-based vesting conditions and do not contain performance or market conditions.

A summary of RSU activity for the three months ended April 30, 2026 under the Plans is as follows:


	Number of Shares	Weighted Average Grant Date Fair Value
Outstanding at January 31, 2026	15,676,155	$	12.51
Granted	1,350,754	8.12
Settled	(1,954,916)	9.95
Forfeited	(385,654)	12.72
Outstanding at April 30, 2026	14,686,339	$	12.32

As of April 30, 2026, unrecognized stock-based compensation expense related to unvested RSUs was $95.0 million, which is expected to be recognized over a weighted-average period of 2.3 years.

Employee Stock Purchase Plan

The Company’s employee stock purchase plan (“ESPP”) became effective in connection with the IPO in December 2025. The ESPP enables employees to purchase shares of the Company’s common stock at a discounted price through payroll deductions of up to 15% of their eligible compensation up to the statutory maximum. The purchase price is equal to 85% of the fair market value of a share of common stock on the first day of an offering period or the purchase date, whichever is lower.

During the three months ended April 30, 2026, no shares had been purchased under the ESPP. Compensation expense associated with the ESPP is recognized over the offering period based on the grant-date fair value. Compensation expense was $288.0 thousand for the three months ended April 30, 2026.

Allocation of Stock-Based Compensation

Stock-based compensation expense recognized in the condensed consolidated statements of operations for the three months ended April 30, 2026 and 2025 was as follows (in thousands):


	Three Months Ended April 30,
	2026		2025
Product development	$	10,120	$	1,251
General and administrative	5,721		349
Marketing	240		91
Operations and support	972		188


Total stock-based compensation expense, net of amounts capitalized	$	17,053	$	1,879

Revenue (Tables)

3 Months Ended

Apr. 30, 2026

Revenue from Contract with Customer [Abstract]

Accounts Receivable From Contracts with Clients

The table below sets forth the opening and closing balances for accounts receivable from contracts with clients (in thousands):


	Cash Management Receivable		Investment Advisory Receivable		Other Receivable		Total Accounts Receivable


Closing Balance, January 31, 2026	$	23,603	$	9,001	$	523	$	33,127
Change	(3,297)		57		(136)		(3,376)
Closing Balance, April 30, 2026	$	20,306	$	9,058	$	387	$	29,751

Condensed Consolidated Statements of Redeemable Convertible Preferred Stock and Stockholders' Equity - USD ($) $ in Thousands	Total	Common Stock	Treasury Stock	Additional Paid-in Capital	Accumulated Deficit
Redeemable Convertible Preferred Stock, beginning balance (in shares) at Jan. 31, 2025	69,914,359
Redeemable Convertible Preferred Stock, beginning balance at Jan. 31, 2025	$ 227,198
Increase (Decrease) in Temporary Equity [Roll Forward]
Conversion of redeemable convertible preferred stock	(61,938)
Redeemable Convertible Preferred Stock, ending balance (in shares) at Apr. 30, 2025	69,852,421
Redeemable Convertible Preferred Stock, ending balance at Apr. 30, 2025	$ 227,198
Beginning balance at Jan. 31, 2025	15,338	$ 4	$ (12,593)	$ 127,862	$ (99,935)
Beginning balance (in shares) at Jan. 31, 2025		40,110,106
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	25,947				25,947
Issuance of common stock upon exercise of vested stock options (in shares)		201,687
Issuance of common stock upon exercise of vested stock options	369			369
Issuance of common stock upon settlement of RSUs (in shares)		1,000
Issuance of common stock upon warrant exercise (in shares)		61,938
Repurchase of common stock (in shares)		(23,076)
Repurchase of common stock	(213)		(213)
Stock-based compensation expense	1,879			1,879
Ending balance (in shares) at Apr. 30, 2025		40,351,655
Ending balance at Apr. 30, 2025	$ 43,320	$ 4	(12,806)	130,110	(73,988)
Redeemable Convertible Preferred Stock, ending balance (in shares) at Apr. 30, 2026	0
Redeemable Convertible Preferred Stock, ending balance at Apr. 30, 2026	$ 227,200
Beginning balance at Jan. 31, 2026	$ 614,689	$ 12	(13,052)	769,730	(142,001)
Beginning balance (in shares) at Jan. 31, 2026	150,305,463	150,305,463
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	$ 12,834				12,834
Issuance of common stock upon exercise of vested stock options (in shares)	501,789	454,869
Issuance of common stock upon exercise of vested stock options	$ 1,118			1,118
Issuance of common stock upon settlement of RSUs, net of tax withholdings	(4,653)			(4,653)
Issuance of common stock upon settlement of RSUs (in shares)		1,362,349
Issuance of common stock upon warrant exercise (in shares)		563,642
Issuance of common stock upon warrant exercise	1,409			1,409
Repurchase of common stock (in shares)		(3,210,798)
Repurchase of common stock	(28,261)		(28,261)
Stock-based compensation expense	$ 17,053			17,053
Ending balance (in shares) at Apr. 30, 2026	149,475,525	149,475,525
Ending balance at Apr. 30, 2026	$ 614,188	$ 12	$ (41,313)	$ 784,656	$ (129,167)

Warrants (Tables)

3 Months Ended

Apr. 30, 2026

Equity [Abstract]

Fair Value of Warrants

The fair value of the common stock warrant was estimated using the BSM option-pricing model with the following assumptions:


	January 31,
	2026
Expected term (years)	4.24
Expected volatility	55.00		%
Risk-free interest rate	3.70		%
Expected dividends	—		%
Fair value of common stock	$	8.68

The fair value of the Series G Warrant was estimated using the BSM option-pricing model with the following assumptions:


	April 30,			January 31,
	2026			2026
Expected term (years)	4.61			4.86
Expected volatility	55.00		%	55.00		%
Risk-free interest rate	4.02		%	3.75		%
Expected dividends	—		%	—		%
Fair value of Series G redeemable convertible preferred stock	$	10.53		$	8.68

Stock-Based Compensation - Narrative (Details) - USD ($)		1 Months Ended				3 Months Ended
	Dec. 15, 2025	Dec. 31, 2025	Sep. 30, 2025	Aug. 31, 2018	Jan. 31, 2008	Apr. 30, 2026	Apr. 30, 2025	Jan. 31, 2026
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense, net of amounts capitalized						$ 17,053,000	$ 1,879,000
2008 Plan \| First Year
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting rights, percentage					25.00%
Award vesting period					1 year
2008 Plan \| Subsequent Years
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period					3 years
2017 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expiration period				10 years
2025 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized	17,500,000
Yearly increase in shares reserved for issuance, percentage			5.00%
Number of shares available for grant						35,052,906		27,856,967
Maximum exercise price of stock on day of grant, percent		100.00%
2025 Plan \| 10% of Voting Power Employee
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percent of voting power owner		10.00%
Maximum exercise price of stock on day of grant, percent		110.00%
Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expiration period					10 years
Unrecognized share-based compensation cost related to unvested stock options						$ 200,000
Unrecognized share-based compensation cost, period of recognition						3 months 18 days
Employee Stock Option \| 10% of Voting Power Employee
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expiration period					5 years
Percent of voting power owner					10.00%
RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized share-based compensation cost, period of recognition						2 years 3 months 18 days
Unrecognized share-based compensation cost related to unvested restricted stock units						$ 95,000,000.0
Total stock-based compensation expense, net of amounts capitalized	$ 239,000,000.0
Employee Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Discount from market price on purchase date, percentage	15.00%
Percentage of fair value of purchase price of common stock	85.00%
Total stock-based compensation expense, net of amounts capitalized						$ 288,000.0

Financial Instruments with Off-Balance Sheet Credit Risk	3 Months Ended
	Apr. 30, 2026
Commitments and Contingencies Disclosure [Abstract]
Financial Instruments with Off-Balance Sheet Credit Risk	Financial Instruments with Off-Balance Sheet Credit Risk As a securities broker, the Company executes transactions with and on behalf of clients. The Company clears these transactions with its clearing firm on an omnibus basis. In the normal course of business, the Company’s client activities involve the execution of securities transactions and settlement by its clearing broker. The agreement between the Company and its clearing broker provides that the Company is obligated to assume any exposure related to nonperformance by its clients. These activities may expose the Company to off-balance sheet risk in the event the client is unable to fulfill its contracted obligations. In the event the client fails to satisfy its obligations, the Company may be required to purchase or sell financial instruments at the prevailing market price in order to fulfill the client’s obligation. The Company seeks to control off-balance sheet credit risk by monitoring its client transactions and reviewing information it receives from its clearing broker on a daily basis and reserving for doubtful accounts when necessary.