HIGHBuilt-inProduct / Revenue mix
74%
cash management product
“10-K Item 1: 'For fiscal 2026 and fiscal 2025, revenue from our cash management product constituted approximately 74% and 75% of our total revenue, respectively.'”
WLTH · Concentration risk · 10-K extracted
Wealthfront (WLTH) concentration risks
Updated
The most significant concentration Wealthfront discloses is cash management product at 74%, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Wealthfront’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 2 disclosed concentrations
HIGH1
MEDIUM1
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
MEDIUMBuilt-inProduct / Revenue mix
25%
investment advisory products
“10-K Item 1: 'For fiscal 2026 and fiscal 2025, revenue from our investment advisory products constituted approximately 25% and 24% of our total revenue, respectively.'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-07-06Wealthfront's concentration risk is straightforward and entirely structural — it's about what the company sells, not who it sells to. The cash management product generated approximately 74% of total revenue in fiscal 2026, down slightly from 75% in fiscal 2025 — a high-share exposure that makes cash management the dominant driver of the business rather than one of several roughly equal-sized lines. Investment advisory products accounted for the bulk of the remainder, at approximately 25% in fiscal 2026 and 24% in fiscal 2025 — a medium-share exposure that has held essentially flat alongside the cash management share. Together these two product lines account for nearly all disclosed revenue, and both figures have been stable year over year rather than shifting sharply in either direction. Because the exposure is structural rather than a dependency on a specific customer or supplier, the risk here is less about a counterparty that could fail and more about revenue being weighted heavily toward one product: any change in the economics, competitive dynamics, or rate sensitivity of cash management specifically would flow through to a high-share portion of the business, with investment advisory offering only a medium-share offset.
For the engine’s reasoning on WLTH’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Software - Application
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| ADSK | Autodesk, Inc. | 1 | 1 | 1 | 3 |
| WLTH● | Wealthfront Corporation | 1 | 1 | 0 | 2 |
| ADEA | Adeia Inc. | 1 | 0 | 0 | 1 |
| AGYS | Agilysys, Inc. | 0 | 2 | 0 | 2 |
| ADBE | Adobe Inc. | 0 | 0 | 0 | 0 |
| ADP | Automatic Data Processing, Inc. | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.