Wealthfront, which debuted on the Nasdaq Global Select Market at $14.00 per share in December 2025, has faced mounting pressure from shareholders after a string of disappointing financial disclosures. The first major downturn followed the January 2026 report, where the company revealed net deposits had plummeted to $1.6 billion from $4.4 billion in the previous year. Investors responded by pushing the stock price down to $10.47.

Negative momentum continued into mid-2026. Despite reporting a 7% revenue increase in the first quarter of fiscal year 2027, Wealthfront saw its diluted net income drop to $12.8 million from $25.9 million. The adjusted EBITDA margin also contracted to 41%, down from 45% the year prior. By June 5, 2026, shares closed at $9.85. Robbins LLP is currently soliciting inquiries from investors who suffered losses during these periods to determine the viability of a class-action claim.