Shares of Wealthfront fell after investors continued to digest the Company’s post-IPO disclosures around slowing net deposits, cash management trends, and the rollout of Wealthfront Home Lending. Wealthfront previously declined more than 15% on January 13, 2026, after reporting net deposit outflows and disclosing that CEO David Fortunato held a large personal controlling stake in the Company’s home-lending business. On June 4, 2026, Wealthfront reported fiscal first quarter results that missed expectations, with EPS down year over year, revenue below estimates, weaker GAAP profitability, and gross margin pressure tied in part to startup expenses for Wealthfront Home Lending. Block & Leviton LLP is investigating whether Wealthfront made adequate disclosures in its IPO offering documents.
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