WT earnings analysis
What we found in WT's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
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.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Significant Revenue Growth
- Total revenue increased 47.5% to $159.5 million from $108.1 million year-over-year.
- EPS Beat Expectations
- Adjusted EPS of $0.27 exceeded estimates of $0.25, compared to $0.17 reported in the prior year.
- Record AUM Levels
- Assets under management surged to $152.6 billion, an increase from $115.8 billion year-over-year.
- Strong Advisory Fee Increase
- Advisory fees rose 35.5% to $134.9 million due to higher AUM.
- Improved Free Cash Flow
- Free cash flow increased to $17.96 million from $6.37 million year-over-year.
- Successful Acquisition
- Acquisition of Atlantic House completed for approximately $200 million enhances investment strategy.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Increased Operating Expenses
- Total operating expenses jumped 35.4% to $100.1 million, largely due to higher compensation and acquisition costs.
- Net Loss Reported
- The company reported a net loss of $23.1 million compared to a profit of $24.6 million last year.
- High Interest Expense
- Interest expense soared 102.6% to $11.0 million, primarily due to the rising level of debt.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.27
- Gross margin
- 84.4%
- Segment
- U.S. Listed ETFs: $90.9B AUM
- Segment
- European Listed ETPs: $58.8B AUM
- Segment
- Digital Assets: $0.9B AUM
- Segment
- Private Assets: $2.0B AUM
What they said about what is next.
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.
The filing reads better than the one before it.
What came before.
- 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…
- 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. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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