WT

MKT CAP:$2B

WisdomTree, Inc.

Market Cap

$2B

Financial Services·Asset Management·🇺🇸 United States·NYSE

Financials·Asset Management·🇺🇸·NYSE

Stock Price

$17.19+$4.68 (+37.41%)

Apr 22, 2026

Company Details

WisdomTree, 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 ...

CEO

Jonathan Laurence Steinberg

IPO Date

Mar 4, 1993

Website

www.wisdomtree.com

Key Metrics TTM

Revenue

$494M

+27.0% YoY

Net Income

$109M

EPS (Diluted)

$0.75

Free Cash Flow

$149M

Revenue / Share

$3.45

Gross Margin

67.6%

Operating Margin

35.3%

Net Margin

22.1%

FCF Margin

30.2%

P/S

4.7x

P/E

21.2x

Earnings Reports

Q1 2026

May 1, 2026

PENDING

FY 2025

Feb 25, 2026

$494M+15.4%EPS $0.75

Q4 2025

Feb 25, 2026

$147M+33.2%EPS $0.28

Q3 2025

Nov 6, 2025

$126MEPS $0.13

Q2 2025

Aug 6, 2025

$113MEPS $0.17

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q3 21	$78M	$41M	$24M
Q4 21	$79M	$41M	$23M
Q1 22	$78M	$38M	$18M
Q2 22	$77M	$37M	$16M
Q3 22	$72M	$32M	$15M
Q4 22	$73M	$32M	$12M
Q1 23	$82M	$37M	$17M
Q2 23	$86M	$42M	$18M
Q3 23	$90M	$42M	$27M
Q4 23	$91M	$70M	$26M
Q1 24	$97M	$74M	$28M
Q4 24	$111M	$75M	$35M
Q1 25	$108M	$74M	$34M
Q2 25	$113M	$80M	$35M
Q3 25	$126M	$69M	$46M
Q4 25	$147M	$110M	$60M

Valuation

Quarter	P/S	P/E
Q3 21	7.9x	92.1x
Q4 21	7.6x	46.5x
Q1 22	7.4x	94.9x
Q2 22	7.4x	156.7x
Q3 22	7.5x	25.7x
Q4 22	7.7x	45.6x
Q1 23	7.6x	30.0x
Q2 23	7.4x	18.7x
Q3 23	7.0x	41.9x
Q4 23	6.6x	22.6x
Q1 24	6.4x	21.3x
Q4 24	5.9x	28.4x
Q1 25	5.7x	24.8x
Q2 25	5.4x	23.4x
Q3 25	5.1x	24.0x
Q4 25	4.7x	21.2x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q3 21	$28M	$28M
Q4 21	$25M	$25M
Q1 22	-$3M	-$3M
Q2 22	$11M	$11M
Q3 22	$35M	$35M
Q4 22	$12M	$12M
Q1 23	-$5M	-$5M
Q2 23	$25M	$25M
Q3 23	$28M	$28M
Q4 23	$37M	$35M
Q1 24	-$1M	-$2M
Q4 24	$35M	$34M
Q1 25	$6M	$6M
Q2 25	$39M	$39M
Q3 25	$48M	$48M
Q4 25	$56M	$56M

Capital Expenditures

Quarter	CapEx
Q3 21	$64.0K
Q4 21	$56.0K
Q1 22	$54.0K
Q2 22	$151.0K
Q3 22	$6.0K
Q4 22	$9.0K
Q1 23	$26.0K
Q2 23	$32.0K
Q3 23	$35.0K
Q4 23	$2M
Q1 24	$658.0K
Q4 24	$559.0K
Q1 25	$31.0K
Q2 25	$86.0K
Q3 25	$37.0K
Q4 25	$61.0K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 21	+22.5%	+10.0%
Q4 21	+18.1%	+4.5%
Q1 22	+10.0%	+15.3%
Q2 22	+2.0%	+18.0%
Q3 22	-7.3%	+6.7%
Q4 22	-7.4%	+8.8%
Q1 23	+4.7%	+7.9%
Q2 23	+11.0%	+9.9%
Q3 23	+24.9%	+10.7%
Q4 23	+23.9%	+5.2%
Q1 24	+18.0%	+5.2%
Q4 24	+29.1%	+12.0%
Q1 25	+19.5%	+16.0%
Q2 25	+24.0%	+20.3%
Q3 25	+29.7%	+16.1%
Q4 25	+33.2%	+15.9%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q3 21	$2M	3.1%
Q4 21	$2M	3.0%
Q1 22	$3M	3.7%
Q2 22	$2M	3.1%
Q3 22	$2M	3.4%
Q4 22	$3M	3.5%
Q1 23	$5M	5.5%
Q2 23	$4M	4.6%
Q3 23	$4M	4.3%
Q4 23	$4M	4.1%
Q1 24	$5M	5.3%
Q4 24	$5M	4.3%
Q1 25	$6M	5.8%
Q2 25	$6M	4.9%
Q3 25	$5M	3.9%
Q4 25	$5M	3.4%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q3 21	—	$3M	$6M
Q4 21	—	$3M	$7M
Q1 22	—	$5M	$7M
Q2 22	—	$5M	$7M
Q3 22	—	$3M	$6M
Q4 22	—	$4M	$8M
Q1 23	—	$5M	$7M
Q2 23	—	$10M	$8M
Q3 23	$249.0K	$5M	$7M
Q4 23	$634.0K	$4M	$9M
Q1 24	$327.0K	$5M	$8M
Q4 24	—	$6M	$10M
Q1 25	$439.0K	$4M	$9M
Q2 25	—	$5M	$10M
Q3 25	—	$5M	$9M
Q4 25	—	$4M	$6M

Revenue Segments

Quarter	Investment Advisory, Management and Administrative Service	Other Services Income
Q3 21	$76M	$2M
Q1 22	$77M	$2M
Q2 22	$76M	$2M
Q3 22	$71M	$2M
Q4 22	$71M	$2M
Q1 23	$78M	$4M
Q2 23	$82M	$4M
Q3 23	$87M	—
Q4 23	$87M	—
Q1 24	$93M	$4M
Q4 24	$102M	$8M
Q1 25	$100M	$9M

Revenue by Geography

Quarter	Ireland	Jersey	United States
Q3 21	$3M	$29M	$47M
Q1 22	$4M	$29M	$46M
Q2 22	$4M	$28M	$46M
Q3 22	$3M	$24M	$45M
Q4 22	$3M	$24M	$47M
Q1 23	$3M	$29M	$50M
Q2 23	$4M	$29M	$53M
Q3 23	$4M	$28M	$58M
Q4 23	$4M	$27M	$60M
Q1 24	$5M	$26M	$66M
Q4 24	$6M	$32M	$73M
Q1 25	$6M	$33M	$69M
Q2 25	$8M	$35M	$70M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$110M	$134M	$244M
Q2 22	$110M	$129M	$239M
Q3 22	$133M	$125M	$258M
Q4 22	$132M	$126M	$258M
Q1 23	$119M	$130M	$249M
Q2 23	$84M	$65M	$149M
Q3 23	$89M	$79M	$168M
Q4 23	$129M	$59M	$188M
Q1 24	$117M	$58M	$175M
Q2 24	$132M	$70M	$202M
Q3 24	$165M	$77M	$243M
Q4 24	$181M	$85M	$267M
Q1 25	$170M	$85M	$256M
Q2 25	$194M	$98M	$291M
Q3 25	$556M	$104M	$660M
Q4 25	$312M	$107M	$419M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q3 21	159M	-3.4%	+9.4%
Q4 21	160M	+0.4%	+10.2%
Q1 22	143M	-10.7%	-11.8%
Q2 22	159M	+11.3%	-3.6%
Q3 22	159M	-0.0%	-0.2%
Q4 22	143M	-10.0%	-10.4%
Q1 23	160M	+11.7%	+12.0%
Q2 23	171M	+6.7%	+7.4%
Q3 23	177M	+3.8%	+11.4%
Q4 23	172M	-3.1%	+20.0%
Q1 24	165M	-3.7%	+3.4%
Q4 24	148M	-10.7%	-13.5%
Q1 25	147M	-0.7%	-17.3%
Q2 25	147M	-0.0%	-14.7%
Q3 25	146M	-0.1%	-11.4%
Q4 25	143M	-2.1%	-2.9%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q3 21	—	—
Q4 21	—	—
Q1 22	—	—
Q2 22	—	—
Q3 22	—	—
Q4 22	$268.5K	273
Q1 23	$300.5K	273
Q2 23	$314.0K	273
Q3 23	$331.2K	273
Q4 23	$299.8K	303
Q1 24	$319.6K	303
Q4 24	$353.7K	313
Q1 25	$345.3K	313
Q2 25	$359.8K	313
Q3 25	$401.3K	313
Q4 25	$409.5K	360

Revenue / Employee