10-K · February 25, 2026
WisdomTree reports 2025 revenue of $493.8M (up 15.4% YoY) and net income of $109.1M, driven by higher average AUM, stronger European-listed ETP results and the Oct 1, 2025 acquisition of Ceres (adding ~$1.8B AUM). AUM…
Earnings analysis · 10-Q
WT earnings analysis
Filed May 6, 2026 · Our reading of the company's report
The latest report
WisdomTree reported strong Q1 2026 results with revenues of $159.5 million, a 47.5% increase from $108.1 million a year ago, outpacing forecasted revenues. Adjusted EPS rose to $0.27 from $0.17 in the same quarter last…
Read full summary
WisdomTree reported strong Q1 2026 results with revenues of $159.5 million, a 47.5% increase from $108.1 million a year ago, outpacing forecasted revenues. Adjusted EPS rose to $0.27 from $0.17 in the same quarter last year, driven by significant AUM growth and improved fee structures, despite a net loss attributable to increased expenses from acquisitions and convertible notes.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
Where revenue came from
The business segments reported by the company.
Shares of the segments disclosed in this filing, largest first.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.27
- Gross margin
- 84.4%
What stood out
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Significant Revenue Growth
Total revenue increased 47.5% to $159.5 million from $108.1 million year-over-year.
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EPS Beat Expectations
Adjusted EPS of $0.27 exceeded estimates of $0.25, compared to $0.17 reported in the prior year.
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Record AUM Levels
Assets under management surged to $152.6 billion, an increase from $115.8 billion year-over-year.
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Strong Advisory Fee Increase
Advisory fees rose 35.5% to $134.9 million due to higher AUM.
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Improved Free Cash Flow
Free cash flow increased to $17.96 million from $6.37 million year-over-year.
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Successful Acquisition
Acquisition of Atlantic House completed for approximately $200 million enhances investment strategy.
What to watch
-
Increased Operating Expenses
Total operating expenses jumped 35.4% to $100.1 million, largely due to higher compensation and acquisition costs.
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Net Loss Reported
The company reported a net loss of $23.1 million compared to a profit of $24.6 million last year.
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High Interest Expense
Interest expense soared 102.6% to $11.0 million, primarily due to the rising level of debt.
Management's outlook
Management projects a compensation to revenue ratio ranging from 26% to 28% while estimating discretionary spending of $83 million to $89 million for FY 2026.
Earlier filings 4
10-Q · August 6, 2025
WisdomTree reported Q2 2025 revenue of $112.621M, up from $107.034M a year ago and up sequentially from Q1 2025’s implied $108.082M. Operating income was $34.632M (30.8% operating margin) and diluted EPS was $0.17 (vs…
10-Q · May 9, 2025
WisdomTree reported Q1 revenue of $108,082,000, up 11.6% from $96,838,000 a year ago, driven by advisory fees ($99,549,000) and a near-doubling of other revenues to $8,533,000. Operating income increased to $34,162,000…
10-Q · November 7, 2024
WisdomTree reported Q3 revenue of $113,168,000, up from $90,423,000 a year ago, driven by advisory fees of $101,659,000 and higher other revenues of $11,509,000. Operating income rose to $40,792,000 (36.1% operating…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.