Subsequent Events |
12 Months Ended |
|---|---|
Jan. 31, 2026 | |
| Subsequent Events [Abstract] | |
| Subsequent Events | Subsequent Events The Company has evaluated subsequent events from the consolidated balance sheets date through April 24, 2026, the issuance date of the consolidated financial statements. On February 16, 2026, the Company entered into an equity purchase agreement with David Fortunato, the Company’s Chief Executive Officer, President and director (the “Purchase Agreement”). Pursuant to the Purchase Agreement, Mr. Fortunato sold the entirety of his limited liability company interest (the “Ownership Interest”) in Wealthfront Holdings LLC (“Holdings LLC”), which represented 95.1% of the aggregate limited liability company interests of Holdings LLC, to the Company for nominal consideration in the amount of one dollar ($1). Following Mr. Fortunato’s sale of the Ownership Interest to the Company, the Company became the sole owner of 100.0% of the limited liability company interests of Holdings LLC. On February 25, 2026, 60,000 warrants were exercised on a cashless basis, resulting in the issuance of 51,481 net shares of common stock. No cash was received in connection with these exercises On March 9, 2026, the Company’s board of directors approved a share repurchase program with authorization to purchase up to $100.0 million of its outstanding common stock. 3,037,141 shares have been repurchased at an average purchase price of $8.58. 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 January 31, 2026.
|