Tearsheet

WisdomTree (WT)

Market Price (12/17/2025): $11.66 | Market Cap: $1.6 Bil
Sector: Financials | Industry: Asset Management & Custody Banks

WisdomTree (WT)

Market Price (12/17/2025): $11.66
Market Cap: $1.6 Bil
Sector: Financials
Industry: Asset Management & Custody Banks

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.9%, FCF Yield is 6.4%	Meaningful short interest Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 16%	Key risks WT key risks include [1] significant volatility and regulatory hurdles from its strategic focus on digital assets, Show more.
1	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 28%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 27%
2	Low stock price volatility Vol 12M is 32%
3	Megatrend and thematic drivers Megatrends include Digital Asset Revolution, and Next-Gen Investment Solutions. Themes include Digital Asset ETPs, Thematic ETF Innovation, Show more.

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.9%, FCF Yield is 6.4%
1	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 28%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 27%
2	Low stock price volatility Vol 12M is 32%
3	Megatrend and thematic drivers Megatrends include Digital Asset Revolution, and Next-Gen Investment Solutions. Themes include Digital Asset ETPs, Thematic ETF Innovation, Show more.
4	Meaningful short interest Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 16%
5	Key risks WT key risks include [1] significant volatility and regulatory hurdles from its strategic focus on digital assets, Show more.

Valuation, Metrics & Events

	12/17/25	2024	2023	2022	2021
Share Price CYE	$11.66	$10.39	$6.76	$5.22	$5.73
Market Cap CYE ($ Bil)	1.6	1.5	1.0	0.7	0.8
Total Debt ($ Bil)	1.0	0.5	0.3	0.3	0.3
Total Cash ($ Bil)	0.6	0.2	0.1	0.1	0.1
Enterprise Value ($ Bil)	2.0	2.0	1.3	1.0	1.1
Valuation Ratios
P/S TTM	4.2	3.5	2.9	2.6	2.9
P/EBIT TTM	12.8	13.3	7.5	14.2	12.8
P/E TTM	20.1	22.8	9.8	15.4	17.7
Sector Ratios
P/S TTM (Sector)	3.1	3.1	2.8	2.8	3.4
P/EBIT TTM (Sector)	8.7	8.8	8.1	8.1	7.6
P/E TTM (Sector)	11.7	11.6	10.1	9.4	10.1

	12/17/25	2024	2023
Share Price CYE	$11.66	$10.39	$6.76
Market Cap CYE ($ Bil)	1.6	1.5	1.0
Total Debt ($ Bil)	1.0	0.5	0.3
Total Cash ($ Bil)	0.6	0.2	0.1
Enterprise Value ($ Bil)	2.0	2.0	1.3
Valuation Ratios
P/S TTM	4.2	3.5	2.9
P/EBIT TTM	12.8	13.3	7.5
P/E TTM	20.1	22.8	9.8
Sector Ratios
P/S TTM (Sector)	3.1	3.1	2.8
P/EBIT TTM (Sector)	8.7	8.8	8.1
P/E TTM (Sector)	11.7	11.6	10.1

	WT	S&P 500
REVENUE GROWTH	GOOD
Rev LTM ($ Bil)	0.5
Rev Chg Q	11.0%	7.3%
Rev Chg LTM	12.0%	6.0%
Rev Chg 3Y Avg	14.3%	5.5%
PROFITABILITY	VERY GOOD
Op Inc LTM ($ Bil)	0.2
CFO LTM ($ Bil)	0.1
Net Inc LTM ($ Bil)	0.1
Op Mgn LTM	33.7%	18.8%
CFO/Rev LTM	28.0%	20.4%
Net Inc Mgn	21.1%	13.1%
VALUATION	MODERATE
P/S	4.2	3.2
P/CFO	15.2	16.0
P/FCF	15.5	20.7
P/E	20.1	23.5

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Metric	Value	Date	Source
Assets Under Management (AUM)	137,000,000,000	9302025	Link
U.S. Assets Under Management	87,673,000,000	11072025	Link
Europe Assets Under Management	47,680,000,000	11072025	Link
Digital Assets AUM	525,000,000	7312025	Link
Year-to-Date Net Inflows	8,800,000,000	9302025	Link
Annualized Organic Growth Rate	11%	9302025	Link
Average Advisory Fee	0.35%	11072025	Link
Number of U.S. ETFs	81	8012025	Link
Number of European ETPs	285	8012025	Link

Upcoming
1/30/2026	Earnings Release	Rev: - EPS: -

WT Stock

Return (1M):

Why The Stock Moved

Qualitative Assessment

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Here are five key points explaining the approximate -14.1% stock movement for WisdomTree (WT) from August 31, 2025, to December 17, 2025: 1. Issuance of New Convertible Notes and Associated Loss

In mid-August 2025, WisdomTree issued $475.0 million in new convertible senior notes due 2030, primarily to finance the acquisition of Ceres Partners. This issuance was accompanied by a $13.0 million loss on the extinguishment of existing convertible notes. The market may have reacted negatively to the increased debt load or the potential for future share dilution, despite the strategic rationale of the acquisition.

2. Net Outflows in Specific Product Categories

While WisdomTree reported overall positive net inflows and record Assets Under Management (AUM) for Q3 2025, there were notable outflows in specific product areas. During September 2025, Fixed Income products experienced outflows of $1.04 billion. Additionally, analyst commentary highlighted "significant net outflows of approximately $1.5 billion from commodity and currency products, as well as ongoing withdrawals from fixed income strategies," indicating investor caution in these segments.

3. Softening Analyst Sentiment and Valuation Adjustment

Despite strong Q3 2025 earnings that surpassed analyst estimates, the stock's previous valuation might have led to profit-taking or a market re-evaluation. Analyst consensus included "Hold" ratings, and some forecasts for late 2025 and early 2026 indicated a "bearish" sentiment or limited upside for the stock. This suggests that positive news may have already been priced into the stock or was insufficient to drive further gains.

4. Lower Average Fee Capture

WisdomTree's adjusted revenues for the year-to-date period in 2025, while growing, were "partly offset by a lower average fee capture." This indicates potential pressure on the profitability of the company's assets under management, which could be a concern for investors and contribute to a decline in stock value.

5. Uncertainty Regarding Digital Asset Monetization

Although WisdomTree saw significant growth in tokenized assets and digital AUM, management's discussions often emphasized the future potential for "scaling and monetization of WisdomTree's digital asset offerings" and how "tokenization of real-world assets over time will change the face of financial services." This forward-looking language, without immediate strong revenue conversion from these initiatives, might have created uncertainty or a perception that the full financial benefits of their digital strategy were still distant, leading to investor caution.

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Stock Movement Drivers

Fundamental Drivers

The -15.7% change in WT stock from 9/16/2025 to 12/16/2025 was primarily driven by a -38.4% change in the company's P/E Multiple.

	9162025	12162025	Change
Stock Price ($)	13.82	11.66	-15.66%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	444.57	457.02	2.80%
Net Income Margin (%)	16.25%	21.10%	29.85%
P/E Multiple	27.39	16.88	-38.36%
Shares Outstanding (Mil)	143.08	139.58	2.44%
Cumulative Contribution			-15.71%

LTM = Last Twelve Months as of date shown

Market Drivers

9/16/2025 to 12/16/2025

	Return	Correlation
WT	-15.7%
Market (SPY)	2.9%	40.7%
Sector (XLF)	2.0%	38.9%

Fundamental Drivers

The 15.7% change in WT stock from 6/17/2025 to 12/16/2025 was primarily driven by a 33.8% change in the company's Net Income Margin (%).

	6172025	12162025	Change
Stock Price ($)	10.08	11.66	15.65%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	438.98	457.02	4.11%
Net Income Margin (%)	15.77%	21.10%	33.81%
P/E Multiple	20.77	16.88	-18.72%
Shares Outstanding (Mil)	142.58	139.58	2.10%
Cumulative Contribution			15.60%

LTM = Last Twelve Months as of date shown

Market Drivers

6/17/2025 to 12/16/2025

	Return	Correlation
WT	15.7%
Market (SPY)	13.9%	52.1%
Sector (XLF)	9.1%	48.2%

Fundamental Drivers

The 2.4% change in WT stock from 12/16/2024 to 12/16/2025 was primarily driven by a 47.2% change in the company's Net Income Margin (%).

	12162024	12162025	Change
Stock Price ($)	11.38	11.66	2.42%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	407.88	457.02	12.05%
Net Income Margin (%)	14.33%	21.10%	47.19%
P/E Multiple	28.03	16.88	-39.77%
Shares Outstanding (Mil)	143.93	139.58	3.02%
Cumulative Contribution			2.33%

LTM = Last Twelve Months as of date shown

Market Drivers

12/16/2024 to 12/16/2025

	Return	Correlation
WT	2.4%
Market (SPY)	12.9%	70.4%
Sector (XLF)	11.8%	68.4%

Fundamental Drivers

The 128.4% change in WT stock from 12/17/2022 to 12/16/2025 was primarily driven by a 108.3% change in the company's P/E Multiple.

	12172022	12162025	Change
Stock Price ($)	5.11	11.66	128.39%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	307.21	457.02	48.76%
Net Income Margin (%)	29.35%	21.10%	-28.12%
P/E Multiple	8.10	16.88	108.30%
Shares Outstanding (Mil)	143.12	139.58	2.47%
Cumulative Contribution			128.25%

LTM = Last Twelve Months as of date shown

Market Drivers

12/17/2023 to 12/16/2025

	Return	Correlation
WT	88.4%
Market (SPY)	47.4%	58.8%
Sector (XLF)	50.4%	57.6%

Return vs. Risk

Price Returns Compared

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
WT Return	14%	17%	-9%	30%	54%	12%	171%
Peers Return	15%	34%	-22%	9%	9%	23%	76%
S&P 500 Return	16%	27%	-19%	24%	23%	16%	110%
Monthly Win Rates [3]
WT Win Rate	58%	33%	50%	75%	50%	50%
Peers Win Rate	60%	65%	42%	43%	62%	62%
S&P 500 Win Rate	58%	75%	42%	67%	75%	73%
Max Drawdowns [4]
WT Max Drawdown	-58%	-2%	-22%	0%	-4%	-27%
Peers Max Drawdown	-42%	-3%	-40%	-17%	-14%	-23%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: BLK, STT, IVZ, BEN, TROW.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/16/2025 (YTD)

How Low Can It Go

Unique Key	Event	WT	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-35.6%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	55.3%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	250 days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-60.4%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	152.5%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	278 days	148 days
2018 Correction	2018 Correction
2018 Correction% Loss	% Loss	-65.5%	-19.8%
2018 Correction% Gain to Breakeven	% Gain to Breakeven	189.5%	24.7%
2018 CorrectionTime to Breakeven	Time to Breakeven	2112 days	120 days
2008 Global Financial Crisis	2008 Global Financial Crisis
2008 Global Financial Crisis% Loss	% Loss	-35.3%	-56.8%
2008 Global Financial Crisis% Gain to Breakeven	% Gain to Breakeven	54.5%	131.3%
2008 Global Financial CrisisTime to Breakeven	Time to Breakeven	30 days	1480 days

Compare to VRTS, SLRC, DHIL, GEG, BLKS

In The Past

WisdomTree's stock fell -35.6% during the 2022 Inflation Shock from a high on 6/3/2021. A -35.6% loss requires a 55.3% gain to breakeven.

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Asset Allocation

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About WisdomTree (WT)

WisdomTree Investments, Inc., through its subsidiaries, operates as an exchange-traded funds (ETFs) sponsor and asset manager. It offers ETFs in equities, currency, fixed income, and alternatives asset classes. The company also licenses its indexes to third parties for proprietary products, as well as offers a platform to promote the use of WisdomTree ETFs in 401(k) plans. It develops index using its fundamentally weighted index methodology. In addition, the company provides investment advisory services. The company was founded in 1985 and is based in New York, New York.

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An ETF asset manager, similar to a more focused iShares (BlackRock) or Vanguard.
A specialized ETF provider, akin to a smaller Invesco or State Street (SPDR), known for its unique strategies.

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Exchange-Traded Funds (ETFs): WisdomTree offers a wide array of ETFs across various asset classes, investment strategies, and geographies, providing investors with diversified exposure and transparent investment vehicles.
Model Portfolios: These are curated, professionally managed portfolios composed of WisdomTree ETFs, designed to meet specific investor objectives such such as income generation, growth, or capital preservation.
Digital Asset Products: The company provides investment exposure to digital assets through products like cryptocurrency ETPs (Exchange Traded Products) and its digital asset platform, WisdomTree Prime.

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WisdomTree (WT) primarily serves a broad base of investors, including individuals and institutions, typically through various distribution channels. While individuals are often the ultimate holders of WisdomTree's products, the company's sales and marketing efforts are also heavily directed at intermediaries and institutional clients.

Given that its products (ETFs) are distributed through financial intermediaries and stock exchanges, WisdomTree does not have a small number of "major customer companies" that directly purchase its products in the traditional B2B sense. Instead, its "customers" are best described by the categories of investors and professionals who utilize its offerings.

Therefore, describing the categories of customers it serves is more appropriate:

Individual Investors (Retail Investors): These are self-directed investors who purchase WisdomTree Exchange Traded Funds (ETFs) through online brokerage platforms (e.g., Charles Schwab, Fidelity, Vanguard, Robinhood). While WisdomTree does not directly sell to each individual, their products are designed for and ultimately held by these investors.
Financial Professionals: This category includes Registered Investment Advisors (RIAs), independent financial planners, and representatives of broker-dealers. These professionals choose to allocate their clients' assets into WisdomTree ETFs as part of the portfolios they manage on behalf of individual and smaller institutional clients. They are key decision-makers and distribution partners for WisdomTree.
Institutional Investors: This group comprises larger entities such as pension funds, endowments, foundations, corporate treasuries, and other asset managers. These institutions invest directly in WisdomTree ETFs for their own portfolios or for their beneficiaries, often holding significant positions.

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The Bank of New York Mellon Corporation (BK)
S&P Global Inc. (SPGI)
PricewaterhouseCoopers LLP

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Jonathan Steinberg | Founder, Chief Executive Officer and Director

Jonathan Steinberg founded WisdomTree (originally Financial Data Systems, Inc.) in 1985 and has served as CEO since October 1988. He is responsible for the creation and development of WisdomTree's proprietary index methodology. Prior to establishing WisdomTree, he founded and served as Chairman and CEO of Individual Investor Group, Inc., and was Editor-in-Chief of Individual Investor and Ticker magazines. He also worked as an analyst in the Mergers and Acquisitions Department of Bear, Stearns & Co. Inc. from 1986 to 1988. Steinberg is the author of "Midas Investing."

Bryan Edmiston | Chief Financial Officer

Bryan Edmiston has served as WisdomTree's Chief Financial Officer since June 2021. Before this role, he was Chief Accounting Officer from April 2018 to May 2021 and Director – Financial Reporting and Accounting Policy from September 2016 to May 2021 at WisdomTree. Prior to joining WisdomTree, Mr. Edmiston was a Managing Director responsible for Accounting Policy and SEC Reporting at Gleacher & Company, Inc. from December 2009, and later served as Controller and Principal Accounting Officer of Gleacher from August 2011 to September 2016. He also held the position of Senior Manager within the Banking & Capital Markets Assurance Practice at PricewaterhouseCoopers LLP from September 1997 to December 2009. He is a Certified Public Accountant.

R. Jarrett Lilien | President and Chief Operating Officer

R. Jarrett Lilien has served as President and Chief Operating Officer of WisdomTree since September 2019. He was previously Executive Vice President and Head of Emerging Technologies at WisdomTree from November 2017 to September 2019, and a member of WisdomTree's Board of Directors from November 2008 to December 2017. Prior to WisdomTree, Mr. Lilien founded Bendigo Partners, LLC in 2008, a financial services-focused venture capital investing and advisory services firm, where he was Managing Partner. He served as CEO of Kapitall Inc., an online investing platform, from September 2012 to July 2014. From 2003 to 2008, he was President and Chief Operating Officer of E*TRADE Financial Corporation, and earlier was President and Chief Brokerage Officer at E*TRADE Securities. He also co-founded TIR Securities, a global institutional broker, which E*TRADE acquired in 1999.

Jeremy Schwartz | Global Chief Investment Officer

Jeremy Schwartz has served as WisdomTree's Global Chief Investment Officer since November 2021, leading the company's investment strategy team. He joined WisdomTree in May 2005 as a Senior Analyst and has held various research leadership roles, including Director of Research and Global Head of Research. Before joining WisdomTree, he was a head research assistant for Professor Jeremy Siegel at Wharton and co-authored "Stocks for the Long Run" with him. He received his B.S. in Economics from The Wharton School of the University of Pennsylvania.

David Yates | Chief Information Officer

David Yates has served as WisdomTree's Chief Information Officer since April 2015, overseeing global technology infrastructure, cybersecurity, information management, and software engineering. Before joining WisdomTree, he worked at McKinsey & Company from October 2009 to March 2015, most recently as an Associate Principal, where he advised investment management and insurance clients on strategic technology and operations issues. His prior experience includes leading multinational technology delivery programs at Accenture Plc and holding various technology roles at the Bank of England.

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The key risks to WisdomTree's business include intense competition, market volatility and regulatory changes, and challenges in attracting and retaining client assets.

Intense Competition: WisdomTree operates in a fiercely competitive financial services sector, facing challenges from both established players and innovative newcomers. These competitors often possess significant resources, extensive product offerings, and well-established distribution networks. This competitive landscape, particularly the rise of low-cost investment options and large asset managers, can constrain WisdomTree's revenue growth and its ability to maintain premium pricing for its products.
Market Volatility and Regulatory Changes: WisdomTree is exposed to sector-specific risks such as market volatility and evolving regulatory landscapes. The company's share price exhibits moderate volatility compared to the S&P 500. Furthermore, its strategic focus on new areas like digital assets and blockchain technology introduces significant risk and volatility to earnings, especially given tightening regulatory conditions and heightened scrutiny in the digital asset space. Changes in investor demand or new regulatory hurdles for digital assets could undermine growth forecasts.
Challenges in Attracting and Retaining Client Assets: WisdomTree has faced difficulties in attracting and retaining client assets, evidenced by significant net outflows from its commodity, currency, and fixed income products. These outflows, totaling approximately $1.5 billion from commodity and currency products, and ongoing withdrawals from fixed income strategies, highlight investor hesitation amidst economic uncertainties and raise concerns about the firm's overall asset management stability.

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The clear emerging threat for WisdomTree is the increasing adoption and technological advancement of Direct Indexing.

Direct indexing allows investors to own the individual stocks that comprise an index, rather than buying an index fund or ETF. This approach offers several advantages, particularly for tax-managed portfolios, as it enables highly personalized tax-loss harvesting, customization (e.g., ESG overlays, factor tilts), and granular control over individual holdings. As technology makes direct indexing more accessible and cost-effective for a broader range of investors, it directly competes with and could potentially siphon assets from broad-market and factor-based Exchange Traded Funds (ETFs), which form a significant portion of WisdomTree's product offerings. This mirrors the historical threats where new, technologically-enabled solutions offered superior or more convenient alternatives to existing products.

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WisdomTree (WT) operates in several key markets with substantial addressable market sizes:

Exchange-Traded Products (ETPs) / Exchange-Traded Funds (ETFs):
- Globally, the ETF industry reached a record $17.85 trillion in assets under management (AUM) as of August 2025. Projections suggest the global ETF market could reach at least $26 trillion by June 2029, with some estimates even predicting it to double to $30 trillion by 2030.
- In the U.S., the ETF market held approximately $9 trillion in assets as of May 2024, representing nearly 70% of the global ETF AUM.
- The European ETF market (EMEA) had nearly €2.0 trillion (approximately $2.1 trillion) in assets as of May 2024.
Digital Asset-Related Products and Blockchain Technology-Driven Services:
- The global FinTech digital asset market, which encompasses tokenized assets and blockchain-enabled financial services, was valued at $2.08 trillion in 2023. This market is projected to experience significant growth, reaching an estimated $9.05 trillion by the end of 2032.

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WisdomTree (WT) is expected to drive future revenue growth over the next 2-3 years through several key initiatives and market trends:

Growth in Assets Under Management (AUM) and Organic Inflows: WisdomTree consistently highlights robust AUM growth and strong net inflows as primary revenue drivers. The company reported record global AUM of $137.2 billion in Q3 2025, fueled by significant organic growth and favorable market conditions. In the same quarter, global net inflows reached $2.2 billion, contributing to a year-to-date total of $8.8 billion. Similarly, Q1 2025 saw record AUM of $115.8 billion and $3 billion in net inflows.
Expansion in Digital Assets and Blockchain-Enabled Finance: A core strategic focus for WisdomTree is its investment in digital assets and blockchain technology. This includes the development and expansion of its WisdomTree Prime retail app and WisdomTree Connect institutional platform, alongside the launch of new digital funds and a focus on tokenized real-world assets (RWAs) and stablecoins. In Q2 2025, digital assets AUM doubled to $350 million. WisdomTree was recently recognized for "Best Crypto Wallet" for WisdomTree Prime and offers the largest lineup of tokenized funds on public blockchains. The company also made a strategic minority investment in AlphaBeta ETF Ltd to advance AI-driven ETF innovation.
Strategic Product Launches and Diversification: WisdomTree is expanding its product offerings and geographic reach. This includes significant growth in the European market, which achieved record AUM of $48.3 billion in Q3 2025. The firm has introduced new funds, such as the European Defense Fund, which garnered $770 million in net inflows in Q1 2025. Furthermore, WisdomTree expanded into the alternatives space with the acquisition of Ceres Partners, a U.S. farmland investment manager, in Q2 2025.
Growth of Model Portfolios: WisdomTree views its Model Portfolios as a crucial driver of sustainable organic growth. For 2025, the company projected annual growth of 25% to 30% in Model users and 35% to 40% in Model assets, indicating a significant expected contribution to future revenue.

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Share Repurchases

WisdomTree's Board of Directors approved an increase of $190.0 million to its share repurchase program in October 2025, bringing the total authorization to $250.0 million, expiring on April 27, 2028.
In Q3 2025, the company repurchased approximately 6.8 million shares of its common stock for $90.0 million.
The company completed the repurchase of 29,038,866 shares for $224.82 million under a long-term buyback program.

Share Issuance

In August 2025, WisdomTree issued $475.0 million in aggregate principal amount of 4.625% convertible senior notes due 2030, with a conversion price of $19.15 per share.

Outbound Investments

WisdomTree completed the acquisition of Ceres Partners, LLC in October 2025 for $275.0 million in cash, plus a potential earnout of up to $225.0 million.
In November 2025, the company made a strategic minority investment in AlphaBeta ETF Ltd to advance AI-driven ETF innovation.
In June 2025, WisdomTree closed a strategic minority investment and initiated a multi-year collaboration with Quorus Inc., a technology-driven asset manager.

Capital Expenditures

WisdomTree's expected discretionary spending for the full year 2025 is projected to be between $68 million and $72 million.
The company's updated discretionary spending guidance for the full year 2024 was narrowed to $62 million to $65 million.
The primary focus of discretionary spending includes marketing for WisdomTree Prime and other growth initiatives.

Better Bets than WisdomTree (WT)

	WT	Better Performance than WT
Metric	Value	INDUSTRY: Asset Management & Custody Banks
Rev Chg LTM	12.0%	ARES (45.5%), CG (32.4%), CRBG (24.5%), BX (21.9%), BLK (18.2%)
Rev Chg 3Y Avg	14.3%	APO (89.3%), KKR (44.5%), OWL (29.6%), ARCC (20.8%), ARES (17.6%)
Op Mgn LTM	33.7%	BAM (47.6%), VCTR (43.7%), HLNE (43.2%), TROW (33.8%), BLK (33.7%)
CFO/Rev LTM	28.0%	ARES (85.1%), BAM (75.6%), AMP (39.0%), BX (33.0%), KKR (31.5%)
FCF/Rev LTM	27.4%	ARES (83.9%), BAM (75.6%), AMP (38.0%), BX (32.1%), KKR (30.4%)
Total Yield	5.9%	BK (8.2%), AMP (8.0%), APO (7.0%), ARES (6.5%), BX (6.1%)
P/S	4.2	BN (2.0), STT (2.4), AMP (2.7), APO (2.9), BK (4.1)
P/Op Inc	12.6	TROW (9.3), JHG (9.6), IVZ (9.7), BEN (10.8), AMG (12.3)

	WT	Better Performance than WT
Metric	Value	SECTOR: Financials
Rev Chg LTM	12.0%	SCHW (22.3%), MS (17.6%), RY (15.7%), GS (15.2%), MA (14.6%)
Rev Chg 3Y Avg	14.3%	HOOD (47.5%), KKR (44.5%), PGR (20.6%), BRK-B (19.8%), AJG (15.3%)
Op Mgn LTM	33.7%	V (66.4%), MA (58.3%), HOOD (47.7%), SPGI (40.2%), BLK (33.7%)
CFO/Rev LTM	28.0%	V (57.6%), BAC (57.3%), MA (56.1%), GS (30.5%), AXP (30.0%)
FCF/Rev LTM	27.4%	RY (79.6%), BAC (57.3%), V (53.9%), MA (52.5%), COF (43.2%)
Total Yield	5.9%	WFC (9.9%), BAC (7.7%), JPM (6.7%), MS (6.5%), BRK-B (6.2%)
P/S	4.2	BRK-B (2.7), WFC (3.2), BAC (3.6), MS (3.9), GS (4.2)
P/Op Inc	12.6	IBKR (3.6), TROW (9.3), PYPL (10.1), CPAY (10.7), FI (11.2)

	WT	Better Performance than WT
Metric	Value	ALL OTHER SECTORS
Rev Chg LTM	12.0%	NVDA (65.2%), AVGO (28.0%), META (21.3%), MSFT (15.6%), GOOGL (13.4%)
Rev Chg 3Y Avg	14.3%	NVDA (91.6%), PLTR (29.3%), AVGO (24.0%), LLY (23.4%), META (17.3%)
Op Mgn LTM	33.7%	NVDA (58.8%), MSFT (46.3%), META (43.2%), LLY (43.0%), AVGO (39.0%)
CFO/Rev LTM	28.0%	META (56.8%), MSFT (50.0%), NVDA (44.4%), AVGO (42.4%), GOOGL (39.3%)
FCF/Rev LTM	27.4%	PLTR (46.0%), AVGO (41.6%), NVDA (41.3%), ABBV (33.0%), CRM (32.0%)
Total Yield	5.9%	XOM (9.8%), JNJ (8.4%), UNH (8.1%), KO (7.5%), HD (6.8%)
P/S	4.2	WMT (1.2), XOM (1.5), COST (1.5), HD (2.1), AMZN (3.5)
P/Op Inc	12.6	VZ (5.9), T (8.3), MRK (9.4), UNH (11.9), GILD (12.4)

		Best Bets In Financials Sector
	WT	JXN	FG	MTG	CME	KNSL	NMIH	CACC	ENVA	TW	HOOD
What You Pay
P/E	20.1	13.0	9.8	8.6	25.8	20.8	7.8	11.6	9.8	37.6	58.0
P/EBIT	12.9	9.8	5.7	6.6	19.4	16.2	5.7	9.2	7.5	25.4	63.5
What You Get
Rev Chg Q	11.0%	-35.5%	17.8%	-0.7%	-3.0%	19.0%	7.6%	6.0%	16.3%	13.3%	100.0%
Rev Chg LTM	12.0%	24.0%	-4.9%	2.2%	5.8%	18.1%	8.9%	10.2%	21.1%	22.2%	74.6%
Rev Chg 3Y Avg	14.3%	429.4%	22.0%	1.2%	8.9%	32.4%	10.3%	7.6%	23.5%	19.7%	47.5%
FCF/Rev 3Y Avg	24.3%	847.0%	120.8%	62.2%	61.9%	60.8%	58.4%	55.6%	54.7%	49.8%	45.9%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 21%, alpha of 9.1%, and sharpe of 0.94

Latest Trefis Analyses

	Title	Topic
0	DASHBOARDS
1	WisdomTree Earnings Notes
2	How Low Can WisdomTree Stock Really Go?	Return
3	WisdomTree (WT) Operating Cash Flow Comparison	Financials
4	WisdomTree (WT) Debt Comparison	Financials
5	WisdomTree (WT) Revenue Comparison	Financials
6	WisdomTree (WT) Net Income Comparison	Financials
7	WisdomTree (WT) EBITDA Comparison	Financials
8	WisdomTree (WT) Operating Income Comparison	Financials
9	WisdomTree (WT) Tax Expense Comparison	Financials
10	Why WisdomTree Stock Moved: WT Stock Has Gained 127% Since 2022 Fiscal End, Primarily Due To Favorable Change In Revenues

	Title
0	ARTICLES

Trade Ideas

Select past ideas related to WT. For more, see Trefis Trade Ideas.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
WU_11212025_Dip_Buyer_FCFYield	11212025	WU	Western Union	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	14.1%	14.1%	-0.4%
COIN_11212025_Monopoly_xInd_xCD_Getting_Cheaper	11212025	COIN	Coinbase Global	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	5.1%	5.1%	0.0%
PYPL_11142025_Dip_Buyer_FCFYield	11142025	PYPL	PayPal	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	-2.4%	-2.4%	-7.5%
V_11142025_Monopoly_xInd_xCD_Getting_Cheaper	11142025	V	Visa	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	4.6%	4.6%	-2.7%
WD_11072025_Dip_Buyer_ValueBuy	11072025	WD	Walker & Dunlop	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	-9.0%	-9.0%	-11.0%

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
WU_11212025_Dip_Buyer_FCFYield	11212025	WU	Western Union	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	14.1%	14.1%	-0.4%
COIN_11212025_Monopoly_xInd_xCD_Getting_Cheaper	11212025	COIN	Coinbase Global	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	5.1%	5.1%	0.0%
PYPL_11142025_Dip_Buyer_FCFYield	11142025	PYPL	PayPal	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	-2.4%	-2.4%	-7.5%
V_11142025_Monopoly_xInd_xCD_Getting_Cheaper	11142025	V	Visa	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	4.6%	4.6%	-2.7%
WD_11072025_Dip_Buyer_ValueBuy	11072025	WD	Walker & Dunlop	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	-9.0%	-9.0%	-11.0%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
EEX	Emerald	1.0	39.8%	4.1%
TLRY	Tilray Brands	14.8	27.5%	4.8%
RZLT	Rezolute	0.2	23.9%	-58.8%
GLUE	Monte Rosa Therapeutics	1.5	13.4%	168.9%
FRMI	Fermi	6.8	13.4%
ZBIO	Zenas BioPharma	1.5	13.2%	350.4%
WW	WW International	2.2	12.1%
AFRM	Affirm	25.6	11.8%	20.5%
SEZL	Sezzle	2.5	10.4%	71.3%
OLPX	Olaplex	1.0	10.0%	-17.3%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
LWLG	Lightwave Logic	0.4	-20.4%	42.9%
ULCC	Frontier	1.2	-11.2%	-28.1%
PBF	PBF Energy	3.0	-11.0%	4.9%
EVMN	Evommune	0.5	-10.0%
VSTS	Vestis	0.9	-8.7%	-54.6%
AMKR	Amkor Technology	10.0	-8.3%	59.0%
XPRO	Expro	1.5	-8.2%	1.4%
NKTR	Nektar Therapeutics	0.7	-7.8%	252.4%
GSAT	Globalstar	8.1	-7.7%	105.2%
METCB	Ramaco Resources	0.6	-7.5%	33.4%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
TLRY	Tilray Brands	14.8	72.3%	4.8%
PL	Planet Labs PBC	5.4	39.3%	342.6%
EVCM	EverCommerce	2.4	34.4%	21.7%
PLAB	Photronics	2.0	33.7%	45.8%
EEX	Emerald	1.0	33.4%	4.1%
OLMA	Olema Pharmaceuticals	2.9	29.0%	488.0%
IMNM	Immunome	2.1	23.2%	121.1%
NX	Quanex Building Products	0.7	19.1%	-31.8%
CRON	Cronos	1.2	17.5%	56.4%
IMVT	Immunovant	4.5	16.9%	7.4%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
RZLT	Rezolute	0.2	-79.5%	-58.8%
FRMI	Fermi	6.8	-39.7%
LENZ	LENZ Therapeutics	0.5	-36.9%	-42.2%
FBYD	Falcons Beyond Global	0.5	-35.8%	50.1%
LWLG	Lightwave Logic	0.4	-27.2%	42.9%
APLD	Applied Digital	6.2	-26.0%	217.3%
OMER	Omeros	0.5	-23.6%	-11.3%
CIFR	Cipher Mining	5.6	-23.4%	223.1%
CRWV	CoreWeave	33.8	-23.3%
WVE	WAVE Life Sciences	2.7	-23.0%	32.7%

1 Month Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
OLMA	Olema Pharmaceuticals	2.9	308.1%	488.0%
WVE	WAVE Life Sciences	2.7	131.8%	32.7%
ALMS	Alumis	0.9	106.5%	45.0%
TERN	Terns Pharmaceuticals	3.9	90.2%	674.7%
NUVB	Nuvation Bio	3.0	78.2%	225.6%
ANNX	Annexon	0.7	77.1%	-6.4%
CBLL	CeriBell	0.8	70.5%	-15.0%
VERA	Vera Therapeutics	3.1	70.4%	14.2%
SGML	Sigma Lithium	1.1	68.8%	-8.8%
SEMR	SEMrush	1.8	68.0%	-0.2%

1 Month Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
RZLT	Rezolute	0.2	-79.5%	-58.8%
JANX	Janux Therapeutics	0.9	-50.0%	-72.6%
FRMI	Fermi	6.8	-46.7%
AGIO	Agios Pharmaceuticals	1.5	-40.2%	-20.6%
LWLG	Lightwave Logic	0.4	-38.0%	42.9%
UP	Wheels Up Experience	0.5	-36.2%	-58.2%
LENZ	LENZ Therapeutics	0.5	-34.8%	-42.2%
GOGO	Gogo	0.6	-34.2%	-41.9%
IMSR	Terrestrial Energy	0.7	-32.8%
UAMY	United States Antimony	0.6	-32.5%	181.4%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
EEX	Emerald	1.0	39.8%	4.1%
TLRY	Tilray Brands	14.8	27.5%	4.8%
RZLT	Rezolute	0.2	23.9%	-58.8%
GLUE	Monte Rosa Therapeutics	1.5	13.4%	168.9%
FRMI	Fermi	6.8	13.4%
ZBIO	Zenas BioPharma	1.5	13.2%	350.4%
WW	WW International	2.2	12.1%
AFRM	Affirm	25.6	11.8%	20.5%
SEZL	Sezzle	2.5	10.4%	71.3%
OLPX	Olaplex	1.0	10.0%	-17.3%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
LWLG	Lightwave Logic	0.4	-20.4%	42.9%
ULCC	Frontier	1.2	-11.2%	-28.1%
PBF	PBF Energy	3.0	-11.0%	4.9%
EVMN	Evommune	0.5	-10.0%
VSTS	Vestis	0.9	-8.7%	-54.6%
AMKR	Amkor Technology	10.0	-8.3%	59.0%
XPRO	Expro	1.5	-8.2%	1.4%
NKTR	Nektar Therapeutics	0.7	-7.8%	252.4%
GSAT	Globalstar	8.1	-7.7%	105.2%
METCB	Ramaco Resources	0.6	-7.5%	33.4%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
TLRY	Tilray Brands	14.8	72.3%	4.8%
PL	Planet Labs PBC	5.4	39.3%	342.6%
EVCM	EverCommerce	2.4	34.4%	21.7%
PLAB	Photronics	2.0	33.7%	45.8%
EEX	Emerald	1.0	33.4%	4.1%
OLMA	Olema Pharmaceuticals	2.9	29.0%	488.0%
IMNM	Immunome	2.1	23.2%	121.1%
NX	Quanex Building Products	0.7	19.1%	-31.8%
CRON	Cronos	1.2	17.5%	56.4%
IMVT	Immunovant	4.5	16.9%	7.4%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
RZLT	Rezolute	0.2	-79.5%	-58.8%
FRMI	Fermi	6.8	-39.7%
LENZ	LENZ Therapeutics	0.5	-36.9%	-42.2%
FBYD	Falcons Beyond Global	0.5	-35.8%	50.1%
LWLG	Lightwave Logic	0.4	-27.2%	42.9%
APLD	Applied Digital	6.2	-26.0%	217.3%
OMER	Omeros	0.5	-23.6%	-11.3%
CIFR	Cipher Mining	5.6	-23.4%	223.1%
CRWV	CoreWeave	33.8	-23.3%
WVE	WAVE Life Sciences	2.7	-23.0%	32.7%

Peer Comparisons for WisdomTree

Peers to compare with:

Financials

	WT	BLK	STT	IVZ	BEN	TROW	Median
Name	WisdomTr.	BlackRock	State St.	Invesco	Franklin.	T. Rowe .
Mkt Price	11.66	1,068.14	127.15	26.03	23.47	103.92	64.97
Mkt Cap	1.6	165.5	36.0	11.8	12.1	22.8	17.4
Rev LTM	457	22,885	13,710	6,278	8,771	7,205	7,988
Op Inc LTM	154	7,721	-	1,074	1,100	2,433	1,100
FCF LTM	125	3,933	-6,611	1,326	912	1,170	1,041
FCF 3Y Avg	99	3,922	-2,121	1,217	882	1,181	1,031
CFO LTM	128	4,268	-5,574	1,386	1,066	1,490	1,226
CFO 3Y Avg	101	4,248	-1,209	1,341	1,042	1,514	1,192

Growth & Margins

	WT	BLK	STT	IVZ	BEN	TROW	Median
Name	WisdomTr.	BlackRock	State St.	Invesco	Franklin.	T. Rowe .
Rev Chg LTM	12.0%	18.2%	9.2%	6.6%	3.5%	4.3%	7.9%
Rev Chg 3Y Avg	14.3%	7.5%	4.5%	-0.2%	2.1%	1.6%	3.3%
Rev Chg Q	11.0%	25.2%	11.5%	8.2%	6.0%	6.0%	9.6%
QoQ Delta Rev Chg LTM	2.8%	6.1%	2.8%	2.0%	1.5%	1.5%	2.4%
Op Mgn LTM	33.7%	33.7%	-	17.1%	12.5%	33.8%	33.7%
Op Mgn 3Y Avg	30.1%	35.3%	-	7.9%	14.8%	33.0%	30.1%
QoQ Delta Op Mgn LTM	0.7%	-1.9%	-	2.4%	0.3%	0.1%	0.3%
CFO/Rev LTM	28.0%	18.6%	-40.7%	22.1%	12.2%	20.7%	19.7%
CFO/Rev 3Y Avg	24.9%	21.5%	-8.0%	22.4%	12.5%	22.1%	21.8%
FCF/Rev LTM	27.4%	17.2%	-48.2%	21.1%	10.4%	16.2%	16.7%
FCF/Rev 3Y Avg	24.3%	19.9%	-15.1%	20.3%	10.6%	17.3%	18.6%

Valuation

	WT	BLK	STT	IVZ	BEN	TROW	Median
Name	WisdomTr.	BlackRock	State St.	Invesco	Franklin.	T. Rowe .
Mkt Cap	1.6	165.5	36.0	11.8	12.1	22.8	17.4
P/S	4.2	7.9	2.4	1.7	1.4	3.1	2.8
P/EBIT	12.9	20.6	-	7.7	13.5	9.3	12.9
P/E	20.1	29.6	11.0	9.9	23.0	10.8	15.6
P/CFO	15.2	42.3	-5.9	7.5	11.3	15.1	13.2
Total Yield	5.9%	5.2%	9.1%	13.7%	10.0%	14.3%	9.5%
Dividend Yield	0.9%	1.8%	0.0%	3.6%	5.7%	5.1%	2.7%
FCF Yield 3Y Avg	6.7%	3.0%	-5.5%	14.7%	7.7%	5.0%	5.9%
D/E	0.5	0.1	1.0	0.2	1.1	0.0	0.3
Net D/E	0.2	0.0	-3.3	0.0	0.8	-0.1	0.0

Returns

	WT	BLK	STT	IVZ	BEN	TROW	Median
Name	WisdomTr.	BlackRock	State St.	Invesco	Franklin.	T. Rowe .
1M Rtn	3.8%	1.5%	8.8%	10.7%	5.9%	3.4%	4.8%
3M Rtn	-15.7%	-4.1%	15.9%	18.8%	-1.8%	1.5%	-0.2%
6M Rtn	15.7%	11.3%	33.8%	82.6%	7.9%	16.3%	16.0%
12M Rtn	2.4%	2.4%	30.1%	50.3%	13.8%	-8.3%	8.1%
3Y Rtn	128.4%	64.0%	81.2%	63.3%	6.7%	8.2%	63.6%
1M Excs Rtn	2.8%	0.5%	7.8%	9.7%	4.9%	2.4%	3.9%
3M Excs Rtn	-18.5%	-8.2%	11.6%	15.4%	-4.7%	-2.7%	-3.7%
6M Excs Rtn	2.0%	-2.4%	20.1%	69.0%	-5.7%	2.6%	2.3%
12M Excs Rtn	-10.2%	-9.4%	17.9%	35.4%	0.4%	-21.0%	-4.5%
3Y Excs Rtn	55.5%	-10.4%	5.3%	-9.2%	-69.5%	-72.0%	-9.8%

Financials

Annual
Quarterly

$ Mil \| FY: 12/31	LTM	2024	2023	2022	2021	2020	2019
Period End	9/30/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Filing Date	11/6/2025	2/26/2025	2/23/2024	2/28/2023	2/25/2022	2/19/2021	2/28/2020
Key Financials
Total Revenue	457	428	349	301	304	250	267
Net Income	96	67	103	51	50	-36	-10
EPS	0.67	0.34	0.66	0.31	0.31	-0.25	-0.08
Growth Rates
Total Revenue Growth	12.0%	22.5%	15.8%	-1.0%	21.8%	-6.2%	-2.8%
Net Income Growth	64.9%	-35.0%	102.3%	1.8%	239.7%	-242.0%	-128.5%
Margins
Net Income Margin	21.1%	15.6%	29.4%	16.8%	16.4%	-14.3%	-3.9%
Cash & Debt
Total Cash	660	267	188	258	268	108	92
Total Debt	956	513	275	323	319	187	199
Net Debt / (Cash)	296	246	87	64	51	79	106
Cash Flows
Net Cash from Operations	128	113	86	55	75	47	57
Free Cash from Operations	125	111	83	55	75	47	57
Returns to Shareholders
Dividends	17	19	20	19	19	20	20
Share Repurchases	103	207	44	3	35	31	2

$ Mil \| FY: 12/31	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4
Period End	9/30/2025	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022
Filing Date	11/6/2025	8/6/2025	5/9/2025	2/26/2025	11/7/2024	8/2/2024	5/7/2024	2/23/2024	11/8/2023	8/4/2023	5/9/2023	2/28/2023
Key Financials Quarterly
Total Revenue	126	113	108	111	113	107	97	91	90	86	82	73
Net Income	20	25	25	27	-4	22	22	19	13	54	16	-28
EPS	0.14	0.17	0.17	0.19	-0.13	0.13	0.14	0.16	0.07	0.32	0.10	-0.20
Key Financials TTM
Total Revenue TTM	457	445	439	428	408	385	364	349	332	313	305	301
Net Income TTM	96	72	69	67	58	76	108	103	55	123	77	51
Growth Rates Quarterly
Total Revenue Growth	11.0%	5.2%	11.6%	21.9%	25.2%	24.9%	18.0%	23.9%	24.9%	11.0%	4.7%	-7.4%
Net Income Growth	539.3%	13.9%	11.4%	43.1%	-134.5%	-59.9%	36.2%	167.4%	-84.0%	577.7%	258.2%	-352.9%
Margins Quarterly
Net Income Margin	15.7%	22.0%	22.8%	24.7%	-4.0%	20.3%	22.8%	21.0%	14.4%	63.3%	19.8%	-38.6%
Cash & Debt
Total Cash	660	291	256	267	243	189	67	188	80	67	131	258
Total Debt	956	515	513	513	513	276	276	275	275	275	335	323
Net Debt / (Cash)	296	224	258	246	270	88	208	87	195	208	204	64
Cash Flows Quarterly
FCF from Operations	48	39	6	35	48	32	-1	37	28	25	-5	12
Cash Flows TTM
FCF from Operations TTM	128	127	121	113	116	97	90	86	60	67	52	55
Returns to Shareholders Quarterly
Dividends	4	4	5	4	5	5	5	5	5	5	5	5
Share Repurchases	90	-0	13	-0	199	-0	8	40	0	0	3	-0
Return on Invested Capital (ROIC) Quarterly
ROIC	26.5%	22.8%	21.2%	21.7%	30.3%	24.5%	17.1%	20.0%	12.6%	12.5%	15.6%	17.8%
Return on Invested Capital (ROIC) TTM
ROIC TTM	24.3%	21.2%	19.4%	18.6%	16.2%	21.3%	16.3%	20.1%	12.0%	12.0%	14.0%	21.7%

Segment Financials

Revenue by Segment

$ Mil	2024	2023	2022	2021	2020
Exchange-traded products (ETP) sponsor and asset manager	349
Advisory fees		294	298	246	266
Other revenues		8	6	4	3
Total	349	301	304	250	268

Operating Income by Segment

$ Mil	2024	2023	2022	2021	2020
Exchange-traded products (ETP) sponsor and asset manager	87
Total	87

Net Income by Segment

$ Mil	2024	2023	2022	2021	2020
Exchange-traded products (ETP) sponsor and asset manager	103
Total	103

Price Behavior

Price Behavior

Market Price	$11.66
Market Cap ($ Bil)	1.6
First Trading Date	01/12/2009
Distance from 52W High	-20.3%
	50 Days	200 Days
DMA Price	$11.88	$11.25
DMA Trend	up	down
Distance from DMA	-1.9%	3.6%
	3M	1YR
Volatility	25.6%	32.1%
Downside Capture	143.84	124.13
Upside Capture	37.11	111.70
Correlation (SPY)	40.4%	70.4%

WT Betas & Captures as of 11/30/2025

	1M	2M	3M	6M	1Y	3Y
Beta	0.99	0.93	1.02	1.47	1.15	1.00
Up Beta	0.73	1.36	1.17	1.20	1.06	0.96
Down Beta	-0.27	0.48	0.66	1.59	1.24	1.14
Up Capture	80%	-0%	33%	156%	110%	98%
Bmk +ve Days	13	26	39	74	142	427
Stock +ve Days	9	16	25	67	124	373
Down Capture	146%	166%	170%	150%	116%	97%
Bmk -ve Days	7	16	24	52	107	323
Stock -ve Days	11	25	34	54	119	351

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

1Y 5Y 10Y

Based On 1-Year Data

		Comparison of WT With Other Asset Classes (Last 1Y)
	WT	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	1.6%	11.0%	12.8%	57.8%	0.6%	-2.7%	-14.9%
Annualized Volatility	32.0%	19.3%	19.7%	19.3%	15.9%	17.7%	35.3%
Sharpe Ratio	0.08	0.41	0.49	2.24	-0.15	-0.31	-0.22
Correlation With Other Assets		68.3%	70.4%	5.3%	25.0%	52.6%	36.9%

ETFs used for asset classes: Sector ETF = XLF, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
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Based On 5-Year Data

		Comparison of WT With Other Asset Classes (Last 5Y)
	WT	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	20.4%	15.6%	14.4%	17.7%	11.1%	4.6%	36.3%
Annualized Volatility	32.4%	18.9%	17.1%	15.5%	18.9%	18.9%	48.9%
Sharpe Ratio	0.63	0.69	0.68	0.92	0.48	0.16	0.63
Correlation With Other Assets		57.8%	54.6%	7.6%	16.0%	42.0%	28.4%

Based On 10-Year Data

		Comparison of WT With Other Asset Classes (Last 10Y)
	WT	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	-2.7%	12.8%	14.5%	14.4%	6.0%	5.3%	70.5%
Annualized Volatility	43.8%	22.3%	18.0%	14.7%	17.7%	20.8%	55.9%
Sharpe Ratio	0.10	0.53	0.69	0.81	0.27	0.22	0.91
Correlation With Other Assets		62.4%	55.8%	-5.4%	25.4%	43.4%	16.7%

Short Interest

Short Interest: As Of Date	11282025
Short Interest: Shares Quantity	21,970,677
Short Interest: % Change Since 11152025	-7.0%
Average Daily Volume	3,007,392
Days-to-Cover Short Interest	7.31
Basic Shares Quantity	139,584,000
Short % of Basic Shares	15.7%

Returns Analyses

	Title
0	How Low Can WisdomTree Stock Really Go?

Earnings Returns History

Expand for More

	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
10/31/2025	3.3%	0.7%	-5.5%
7/31/2025	-6.9%	-1.8%	2.8%
5/2/2025	4.6%	7.4%	8.9%
1/31/2025	-0.3%	-2.2%	-7.5%
10/25/2024	0.9%	-0.3%	15.9%
7/26/2024	6.4%	6.6%	-6.0%
4/26/2024	-1.4%	3.4%	13.1%
2/2/2024	0.7%	2.8%	19.4%
...
SUMMARY STATS
# Positive	12	15	15
# Negative	12	9	9
Median Positive	1.3%	3.4%	5.3%
Median Negative	-2.2%	-3.3%	-3.5%
Max Positive	6.4%	9.9%	20.2%
Max Negative	-6.9%	-8.0%	-7.5%

SEC Filings

Expand for More

Report Date	Filing Date	Filing
9302025	11062025	10-Q 9/30/2025
6302025	8062025	10-Q 6/30/2025
3312025	5092025	10-Q 3/31/2025
12312024	2262025	10-K 12/31/2024
9302024	11072024	10-Q 9/30/2024
6302024	8022024	10-Q 6/30/2024
3312024	5072024	10-Q 3/31/2024
12312023	2232024	10-K 12/31/2023
9302023	11082023	10-Q 9/30/2023
6302023	8042023	10-Q 6/30/2023
3312023	5092023	10-Q 3/31/2023
12312022	2282023	10-K 12/31/2022
9302022	11042022	10-Q 9/30/2022
6302022	8052022	10-Q 6/30/2022
3312022	5052022	10-Q 3/31/2022
12312021	2252022	10-K 12/31/2021

Industry Resources

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External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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WisdomTree (WT)

Market Price (12/17/2025): $11.66 | Market Cap: $1.6 BilSector: Financials | Industry: Asset Management & Custody Banks

WisdomTree (WT)

Market Price (12/17/2025): $11.66Market Cap: $1.6 BilSector: FinancialsIndustry: Asset Management & Custody Banks

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WT Stock

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Market Price (12/17/2025): $11.66 | Market Cap: $1.6 Bil
Sector: Financials | Industry: Asset Management & Custody Banks

Market Price (12/17/2025): $11.66
Market Cap: $1.6 Bil
Sector: Financials
Industry: Asset Management & Custody Banks