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WT

WisdomTree, Inc.

WT

WisdomTree, Inc. • NYSE
$11.04 ▲ 0.73% (+0.08)
Market Cap $1.56 B
52w High $14.96
52w Low $7.47
Dividend Yield 0.12%
P/E 17.25
Volume 1.74M
Outstanding Shares 141.62M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $125.616M ▲ $23.818M ▼ $19.701M ▼ 15.684% ▼ $0.14 ▼ $38.939M ▲
Q2-2025 $112.621M ▲ $45.162M ▲ $24.777M ▲ 22% ▼ $0.17 $37.179M ▲
Q1-2025 $108.082M ▼ $40.132M ▼ $24.629M ▼ 22.787% ▼ $0.17 ▼ $35.028M ▼
Q4-2024 $110.697M ▼ $40.258M ▼ $27.308M ▲ 24.669% ▲ $0.19 ▲ $35.872M ▼
Q3-2024 $113.168M $41.574M $-4.485M -3.963% $-0.13 $41.568M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $555.851M ▲ $1.447B ▲ $1.074B ▲ $373.418M ▼
Q2-2025 $291.422M ▲ $1.067B ▲ $621.79M ▲ $445.087M ▲
Q1-2025 $255.667M ▼ $1.023B ▼ $607.225M ▼ $415.631M ▲
Q4-2024 $266.63M ▲ $1.034B ▲ $633.56M ▼ $399.98M ▲
Q3-2024 $242.632M $1.019B $644.517M $374.918M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $19.701M ▼ $48.081M ▲ $-19.464M ▼ $334.81M ▲ $362.178M ▲ $48.044M ▲
Q2-2025 $24.777M ▲ $38.806M ▲ $-16.498M ▼ $-4.297M ▲ $23.3M ▲ $38.72M ▲
Q1-2025 $24.629M ▼ $6.37M ▼ $-214K ▲ $-19.208M ▼ $-10.818M ▼ $6.339M ▼
Q4-2024 $27.308M ▲ $34.575M ▼ $-6.973M ▲ $-19.061M ▼ $4.708M ▼ $34.016M ▼
Q3-2024 $-301K $47.714M $-7.203M $754K $44.024M $47.082M

Revenue by Products

Product Q3-2024Q4-2024Q1-2025Q2-2025
Investment Advisory Management and Administrative Service
Investment Advisory Management and Administrative Service
 $100.00M ▲$100.00M ▲$100.00M ▲$100.00M ▲
Other Services Income
Other Services Income
 $10.00M ▲$10.00M ▲$10.00M ▲$0 ▼

Five-Year Company Overview

Income Statement

Income Statement WisdomTree’s revenue has climbed steadily over the past several years, showing that its product set is gaining traction. Gross and operating profits have generally moved in the same positive direction, suggesting decent cost control and operating leverage in the model. That said, bottom‑line earnings and per‑share results have been choppy, with one standout year followed by a step down, which hints at non‑recurring items and some sensitivity to market conditions. Overall, the income statement shows a business that is structurally profitable but with earnings that can swing from year to year as markets and one‑time items change.

Balance Sheet

Balance Sheet The balance sheet looks reasonably solid but clearly more leveraged than a few years ago. Total assets have stayed fairly stable, while cash on hand has improved over time, which supports day‑to‑day resilience. However, debt has risen meaningfully in the most recent year and equity has ticked down, signaling a shift toward more borrowing and a thinner capital cushion. This capital structure can amplify returns in good times but also increases financial risk if market conditions turn or earnings soften.

Cash Flow

Cash Flow Cash generation is a relative strength. Operating cash flow has been consistently positive and has grown alongside the business, and free cash flow is very close to operating cash flow because the company needs little in the way of physical investment. This is typical for an asset‑light asset manager and means most cash generated is available for debt service, strategic initiatives, or shareholder returns. The main watchpoint is less about cash production and more about how that cash is allocated, especially given the higher debt load and investment in new digital platforms.

Competitive Edge

Competitive Edge WisdomTree occupies a differentiated niche in asset management. It built its brand around “smart beta” and fundamentally‑weighted ETFs, currency‑hedged and thematic strategies, and more recently around tokenized and digital‑asset products. This gives it a distinct identity versus low‑cost, broad‑market index giants. Its first‑mover efforts in areas like digital assets, tokenization, and innovative index design support a meaningful but not unassailable moat. Key pressures remain intense fee competition, the scale advantages of much larger rivals, and regulatory and market uncertainty around crypto and blockchain‑based products.

Innovation and R&D

Innovation and R&D Innovation is a core part of WisdomTree’s strategy. The firm has long pushed beyond plain index tracking into fundamentally‑weighted and thematic strategies, and is now investing heavily in blockchain infrastructure, tokenized funds, and its Prime and Connect platforms. It is also experimenting with “responsible DeFi” and using data science and AI in parts of its investment process. This forward‑leaning stance could open new revenue streams and deepen client relationships, but it also raises execution risk: not all new products will scale, and digital‑asset efforts are especially exposed to regulatory shifts and changing investor sentiment.

Summary

WisdomTree shows the profile of a growing, asset‑light manager with a clear innovative tilt. Revenues and operating profits have generally trended upward, supported by a differentiated ETF and digital‑asset lineup, though net earnings remain somewhat volatile. The balance sheet has more cash than in the past but also materially more debt, which heightens sensitivity to downturns or missteps in strategy. Strong and improving free cash flow provides flexibility to support growth initiatives and manage obligations. Strategically, the company is betting that its leadership in smart beta and tokenized, blockchain‑enabled products will matter more over time, but this path depends on successful execution and a cooperative regulatory and market environment.

NEWS

November 12, 2025 · 8:00 AM UTC

WisdomTree Reports Monthly Metrics for October 2025

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November 12, 2025 · 7:30 AM UTC

WisdomTree Honored as ETF Issuer of the Year and WisdomTree Prime® Named Best Crypto Wallet at 2025 Benzinga Fintech Day Awards

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November 3, 2025 · 8:00 AM UTC

WisdomTree Makes Strategic Minority Investment in AlphaBeta ETF Ltd to Accelerate AI-Driven ETF Innovation

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October 31, 2025 · 7:00 AM UTC

WisdomTree Announces Third Quarter 2025 Results

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October 28, 2025 · 7:00 AM UTC

WisdomTree Appoints BNY for Banking-as-a-Service Infrastructure for Digital Assets, Advancing Access to Stablecoins and Tokenized Real-World Assets

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