Related Party Transactions |
3 Months Ended |
|---|---|
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.
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