olivLaw · US equity research
WisdomTree, Inc. WT
Security Brokers, Dealers & Flotation Companies · SIC 6211 · Vertical: Security Brokers, Dealers & Flotation Companies (SIC 6211)
WisdomTree is a global financial innovator offering ETPs, asset management, private market investments and digital asset products. It matters now because its growth is being tested across traditional funds, farmland investments and tokenized products, as assets under management reached a record level by mid-2026.
The AI analysis may be outdated: new filings came after its sources (see the «AI analysis» section).
At the close of 04 Nov 2026, WisdomTree, Inc. (WT) stock was 20.03 USD (+1.47% on the day), with market capitalisation 3.0 bn USD, P/E 38.2 on diluted EPS of 0.52 USD over the last 12 months, dividend yield 0.60%, beta 1.33, 52-week range 10.73–25.04 USD. Latest reported quarter (Q2 2026): revenue of 177.2 m USD (+57.3% YoY), net income of 44.3 m USD (+78.7% YoY), diluted EPS 0.28 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 32.5
- weak (30–45)
- Bollinger (20, 2)
- 19.84 – 22.77
- in the lower half of the band · %B 0.06 · band width 13.8%
- SMA 50 / 200
- 22.88 / 19.14
- mixed trend
- MACD (12, 26, 9)
- -0.73 / -0.61
- MACD below signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | −18.1% | −2.0% | −16.1 pp | — |
| 3 months | −9.1% | −2.2% | −6.9 pp | — |
| 6 months | +5.1% | +4.3% | +0.8 pp | — |
| Year to date | +64.3% | +10.6% | +53.7 pp | — |
| 1 year | +71.2% | +10.5% | +60.7 pp | −16.4% |
| 3 years | +212.0% | +73.7% | +138.3 pp | +54.2% |
| 5 years | +198.1% | +61.7% | +136.3 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q2 2026 · 30 Jun 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 113.2 m | 110.7 m | 108.1 m | 112.6 m | 125.6 m | 147.4 m | 159.5 m | 177.2 m |
| Operating income | 40.8 m | 35.0 m | 34.2 m | 34.6 m | 45.7 m | 59.7 m | 59.4 m | 71.8 m |
| Depreciation & amortisation | 447.0 k | 504.0 k | 540.0 k | 580.0 k | 615.0 k | 2.0 m | 2.1 m | 3.4 m |
| Interest expense | 4.3 m | 7.7 m | 5.4 m | 5.5 m | 8.5 m | 11.0 m | 11.0 m | 14.9 m |
| Pre-tax income | 3.9 m | 34.2 m | 30.4 m | 31.9 m | 29.5 m | 50.5 m | -14.6 m | 58.5 m |
| Income tax | 8.4 m | 6.9 m | 5.7 m | 7.1 m | 9.8 m | 10.4 m | 8.5 m | 14.3 m |
| Net income | -4.5 m | 27.3 m | 24.6 m | 24.8 m | 19.7 m | 40.0 m | -23.1 m | 44.3 m |
| Diluted EPS | -0.13 | 0.19 ≈ | 0.17 | 0.17 | 0.13 | 0.28 ≈ | -0.17 | 0.28 |
| Operating cash flow | 47.7 m ≈ | 34.6 m | 6.4 m | 38.8 m ≈ | 48.1 m ≈ | 54.7 m | 18.0 m | 75.5 m ≈ |
| Capex | 26.0 k ≈ | 13.0 k | 31.0 k | 86.0 k ≈ | 37.0 k ≈ | 61.0 k | 28.0 k | 188.0 k ≈ |
| Dividends paid | 4.9 m ≈ | 4.3 m | 4.6 m | 4.3 m ≈ | 4.3 m ≈ | 4.1 m | 4.7 m | 4.3 m ≈ |
| Share repurchases | 55.1 m ≈ | 0 | 12.7 m | 0 ≈ | 90.0 m ≈ | 0 | 25.0 m | 25.9 m ≈ |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 54 percentile of its own 28-quarter history (min 8.7, median 35.2, max 68.9; quarters with earnings only).
Fiscal years
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 274.1 m | unavailable | unavailable | 304.3 m | 301.3 m | 349.0 m | 427.7 m | 493.8 m |
| Revenue YoY | +20.1% | unavailable | unavailable | unavailable | −1.0% | +15.8% | +22.5% | +15.4% |
| Net income | 36.6 m | -10.4 m | -35.7 m | 49.8 m | 50.7 m | 102.5 m | 66.7 m | 109.1 m |
| Net income YoY | +34.7% | −128.5% | unavailable | unavailable | +1.8% | +102.3% | −35.0% | +63.6% |
| Diluted EPS | 0.23 | -0.08 | -0.25 | 0.31 | 0.31 | 0.64 | 0.33 | 0.75 |
| Diluted EPS YoY | +15.0% | −134.8% | unavailable | unavailable | 0.0% | +106.5% | −48.4% | +127.3% |
| net % | 13.4% | unavailable | unavailable | 16.4% | 16.8% | 29.4% | 15.6% | 22.1% |
| Free cash flow | 37.4 m | 57.4 m | 46.7 m | 75.0 m | 54.9 m | 85.5 m | 113.3 m | 147.7 m |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 311.7 m USD
- Financial debt
- unavailable USD
- Net debt
- unavailable USD
- Equity
- 413.7 m USD
- Total assets
- 1.5 bn USD
- Debt / equity
- unavailable
- Current ratio
- 1.75x
- ROE
- 26.8%
- ROA
- 8.6%
- FCF margin
- 29.9%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | — | 304.3 m | 301.3 m | 349.0 m | 427.7 m | 493.8 m | SEC (XBRL)· 25 Feb 2026verified |
| Operating income | 55.1 m | 89.1 m | 60.1 m | 87.5 m | 137.3 m | 174.2 m | SEC (XBRL)· 25 Feb 2026verified |
| Depreciation & amortisation | 1.0 m | 738.0 k | 262.0 k | 872.0 k | 1.8 m | 3.8 m | SEC (XBRL)· 25 Feb 2026verified |
| EBITDA | 56.1 m ≈ | 89.8 m ≈ | 60.3 m ≈ | 88.4 m ≈ | 139.0 m ≈ | 178.0 m ≈ | SEC (XBRL)· 25 Feb 2026derived |
| Interest expense | 9.7 m | 12.3 m | 14.9 m | 15.2 m | 18.9 m | 30.4 m | SEC (XBRL)· 25 Feb 2026verified |
| Pre-tax income | -35.2 m | 56.7 m | 40.0 m | 119.0 m | 95.4 m | 142.2 m | SEC (XBRL)· 25 Feb 2026verified |
| Income tax | 433.0 k | 6.9 m | -10.7 m | 16.5 m | 28.7 m | 33.1 m | SEC (XBRL)· 25 Feb 2026verified |
| Net income | -35.7 m | 49.8 m | 50.7 m | 102.5 m | 66.7 m | 109.1 m | SEC (XBRL)· 25 Feb 2026verified |
| Diluted EPS | -0.25 | 0.31 | 0.31 | 0.64 | 0.33 | 0.75 | SEC (XBRL)· 25 Feb 2026verified |
| Weighted average diluted shares | 148.7 m | 161.3 k | 158.9 k | 170.4 m | 158.8 m | 144.9 m | SEC (XBRL)· 25 Feb 2026verified |
| Dividend per share | 0.12 | 0.12 | 0.12 | 0.12 | 0.12 | 0.12 | SEC (XBRL)· 25 Feb 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 73.4 m | 140.7 m | 132.1 m | 129.3 m | 181.2 m | 311.7 m | SEC (XBRL)· 25 Feb 2026verified |
| Receivables | 29.5 m | 31.9 m | 30.5 m | 35.5 m | 44.9 m | 64.5 m | SEC (XBRL)· 25 Feb 2026verified |
| Current assets | 141.9 m | 304.0 m | 294.0 m | 229.8 m | 318.4 m | 492.4 m | SEC (XBRL)· 25 Feb 2026verified |
| Property, plant & equipment, net | 7.6 m | 557.0 k | 544.0 k | 427.0 k | 336.0 k | 431.0 k | SEC (XBRL)· 25 Feb 2026verified |
| Goodwill | 85.9 m | 85.9 m | 85.9 m | 86.8 m | 86.8 m | 228.6 m | SEC (XBRL)· 25 Feb 2026verified |
| Intangibles (excl. goodwill) | — | — | 603.6 m | 605.1 m | 605.9 m | 749.0 m | SEC (XBRL)· 25 Feb 2026verified |
| Total assets | 896.7 m | 1.0 bn | 1.0 bn | 944.1 m | 1.0 bn | 1.5 bn | SEC (XBRL)· 25 Feb 2026verified |
| Long-term debt | 166.6 m | 318.6 m | 321.2 m | — | — | — | SEC (XBRL)· 28 Feb 2023verified |
| Current liabilities | 74.0 m | 83.7 m | 148.4 m | 103.2 m | 109.2 m | 282.1 m | SEC (XBRL)· 25 Feb 2026verified |
| Total liabilities | 497.9 m | 635.9 m | 595.6 m | 402.4 m | 633.6 m | 1.1 bn | SEC (XBRL)· 25 Feb 2026verified |
| Equity | 266.3 m † | 269.4 m † | 305.6 m † | 409.1 m † | 400.0 m † | 413.7 m † | SEC (XBRL)· 25 Feb 2026verified |
† equity attributable to the parent's shareholders: in these years the issuer no longer reports the total including non-controlling interests.
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 47.1 m | 75.3 m | 55.1 m | 85.6 m | 113.5 m | 147.9 m | SEC (XBRL)· 25 Feb 2026verified |
| Capex | 472.0 k | 293.0 k | 220.0 k | 113.0 k | 141.0 k | 215.0 k | SEC (XBRL)· 25 Feb 2026verified |
| Free cash flow | 46.7 m ≈ | 75.0 m ≈ | 54.9 m ≈ | 85.5 m ≈ | 113.3 m ≈ | 147.7 m ≈ | SEC (XBRL)· 25 Feb 2026derived |
| Investing cash flow | 10.6 m | -99.6 m | -37.7 m | 82.0 m | -23.9 m | -313.0 m | SEC (XBRL)· 25 Feb 2026verified |
| Financing cash flow | -60.2 m | 92.6 m | -22.8 m | -171.6 m | -36.0 m | 289.8 m | SEC (XBRL)· 25 Feb 2026verified |
| Dividends paid | 20.1 m | 19.5 m | 19.4 m | 20.1 m | 19.0 m | 17.3 m | SEC (XBRL)· 25 Feb 2026verified |
| Share repurchases | 31.2 m | 34.5 m | 3.4 m | 3.6 m | 62.9 m | 102.7 m | SEC (XBRL)· 25 Feb 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
Score: 75 / 100
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 3.0 bn USD
Key indicators
Coverage and freshness
Score by group
- Valuation48
- Returns85
- Quality73
- Balance sheet74
- Growth100
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 5.47 – 9.21 USD.
Methods computed but outside the aggregate range: Dividend discount (DDM) (a small share of earnings is paid as dividends (capital returns through buybacks): the dividend model does not describe the value and stays outside the aggregate).
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (USD per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)unavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: EV/EBITDAunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: P/E5.47 – 9.21 (Mid 6.96)16 companies used · median multiple 13.3x · quartiles 10.4x – 17.6xBLK, COHN, ETOR, HOOD, IBKR, JEF, MIAX, MKTX, MS, OPY, PIPR, RJF, SCHW, SEIC, SF, VIRT
- Dividend discount (DDM)outside the aggregate1.58 – 2.12 (Mid 1.81)a small share of earnings is paid as dividends (capital returns through buybacks): the dividend model does not describe the value and stays outside the aggregate
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Neutral profile · Score 75/100
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | 13.3% | 46 (vs peers) | 9% |
| FCF conversion · Quality | 242.2% | 100 (on a fixed band) | 9% |
| Revenue CAGR 3Y · Growth | 17.9% | 100 (on a fixed band) | 12% |
| EPS CAGR 3Y · Growth | 34.2% | 100 (on a fixed band) | 12% |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | 5.2x | 57 (on a fixed band) | 9% |
| Current ratio · Balance sheet | 3.0x | 100 (on a fixed band) | 6% |
| P/E (TTM) · Valuation | 38.2x | 21 (vs peers) | 15% |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | 6.5% | 81 (on a fixed band) | 12% |
| Shareholder yield (distributions) · Returns | 5.2% | 75 (on a fixed band) | 9% |
| Payout ratio (FCF) · Returns | 8.9% | 100 (on a fixed band) | 6% |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet74/100 · 2/3 factors with a value
- Growth100/100 · 2/2 factors with a value
- Quality73/100 · 2/3 factors with a value
- Returns85/100 · 2/2 factors with a value
- Valuation48/100 · 2/3 factors with a value
Memo
WisdomTree, Inc. (WT). Latest full fiscal year: 2025; data up to 2026-06-30.
Figures computed from the financial statements: revenue 493.8 m USD in 2025; YoY growth 15.4%; net margin 13.3%; ROE 18.7%.
The estimated value range is 5.47–9.21 USD per share (median of 1 methods, agreement: single method); assumptions are illustrative. Against the central value of 6.96 USD, the price of 20.03 USD leaves a potential of -65.2% (value / price − 1) and a margin of safety of -187.6% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
olivLaw score 75/100, methodological classification: neutral profile (score, margin of safety and method agreement together; not a judgement of the right price). Not investment advice.
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- FCF conversion: 242.2%
- Revenue CAGR 3Y: 17.9%
- EPS CAGR 3Y: 34.2%
- Current ratio: 3.0x
- FCF yield: 6.5%
- Shareholder yield (distributions): 5.2%
- Payout ratio (FCF): 8.9%
What contradicts it
- P/E (TTM): 38.2x
- The price is above the estimated value range
Not assessed (insufficient data or a ratio without meaning): ROIC, Net debt / EBITDA, EV/EBITDA.
Versus the vertical median
Security Brokers, Dealers & Flotation Companies (SIC 6211) · same industry (4-digit SIC) · compared with 29 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| MSMorgan Stanley | 292.3 bn | 14.9 | 18.0% | — | unavailable | +10% / +135% |
| BLKBlackRock, Inc. | 179.9 bn | 28.0 | 12.3% | 24.1% | +89.3% | +11% / +55% |
| SCHWSchwab Charles Corp | 154.4 bn | 16.1 | 20.3% | 38.8% | +22.0% | −4% / +46% |
| RJFRaymond James Financial, Inc. | 31.1 bn | 14.1 | 18.5% | 13.6% | +6.6% | +3% / +54% |
| SEICSei Investments Company | 12.9 bn | 18.9 | 28.9% | 28.1% | +8.1% | +34% / +85% |
| FRHCFreedom Holding Corp. | 11.9 bn | 73.8 | 11.2% | 6.5% | +9.3% | +42% / +129% |
| JEFJefferies Financial Group Inc. | 10.5 bn | 11.5 | 8.6% | 7.5% | +2.9% | −11% / +44% |
| MKTXMarketaxess Holdings Inc | 5.8 bn | 19.5 | 23.3% | 35.2% | +3.6% | +1% / −31% |
| SFStifel Financial Corp | 5.1 bn | 10.3 | 16.4% | 14.3% | +6.7% | −10% / +79% |
| IBKRInteractive Brokers Group, Inc. | 5.0 bn | 17.1 | 91.3% | 179.4% | +23.4% | +20% / +300% |
| PIPRPiper Sandler Companies | 5.0 bn | 6.0 | 23.6% | 14.5% | +24.3% | −16% / +82% |
| MIAXMiami International Holdings, Inc. | 3.5 bn | 12.5 | 28.9% | 19.8% | +19.6% | −23% / unavailable |
| WTWisdomTree, Inc. | 3.0 bn | 38.2 | 18.7% | 13.3% | +15.4% | +71% / +212% |
| JSMNavient Corporation | 1.5 bn | — | -2.0% | — | −15.6% | −21% / −19% |
| MTCMmtec, Inc. | 534.8 m | — | -272.7% | -6,944.3% | −56.8% | +97% / −42% |
| SIEBSiebert Financial Corp. | 75.2 m | — | -1.3% | -1.1% | +12.3% | −43% / −3% |
| DOMHDominari Holdings Inc. | 39.8 m | — | -315.4% | -51.6% | +487.0% | −65% / −28% |
| LGHLLion Group Holding Ltd. | 34.3 m | — | -27.4% | -52.8% | unavailable | −100% / −100% |
| COHNCohen & Co Inc. | 33.0 m | 1.9 | 33.3% | 5.6% | +246.2% | −33% / +66% |
| AXGSolowin Holdings, Ltd. | 26.5 m | — | -88.9% | -47.4% | +895.0% | −53% / −38% |
| GLXYGalaxy Digital Inc. | 1.4 k | — | -16.7% | -0.5% | +41.8% | −47% / unavailable |
| HOODRobinhood Markets, Inc. | 0 | 40.3 | 21.3% | 39.0% | +51.6% | −32% / +893% |
| ETOReToro Group Ltd. | — | 10.4 | 1.4% | 1.6% | +9.5% | −43% / unavailable |
| NMRNomura America Finance, LLC | — | — | — | — | +12.7% | +29% / +138% |
| FUTUFutu Holdings Ltd | 0 | 75.9 | 33.3% | 49.6% | +67.8% | −42% / +82% |
1- and 3-year price returns: for WT from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 13.32 Total return -33% · Per year -33% | 23.45 Total return 18% · Per year 18% | 35.17 Total return 76% · Per year 76% |
| 3 years | 15.80 Total return -19% · Per year -7% | 31.01 Total return 57% · Per year 16% | 50.65 Total return 156% · Per year 37% |
| 5 years | 18.75 Total return -3% · Per year -1% | 41.01 Total return 109% · Per year 16% | 72.93 Total return 270% · Per year 30% |
- Exit P/E± 7.75
- Net margin± 5.43
- Annual revenue growth± 4.05
- Annual dilution± 0.46
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 05 Aug 2026; since then the company filed 8-K (30 Oct 2026 · results).
In brief
WisdomTree is a global financial innovator offering ETPs, asset management, private market investments and digital asset products. It matters now because its growth is being tested across traditional funds, farmland investments and tokenized products, as assets under management reached a record level by mid-2026.
SWOT
Strengths
- The company has a solid position in ETPs, with strong long-term product performance. Diversification into private and digital assets strengthens its revenue base.
- Consistent net inflows and organic growth support business development. Innovative products, including its own indexes, help it differentiate from competitors.
- The leadership team has experience in ETPs, operations and compliance, and recent acquisitions have been integrated with operational discipline.
Weaknesses
- A significant share of assets is concentrated in a few products, so results are sensitive to investor sentiment toward those strategies.
- The company relies on third-party providers for administration, custody and portfolio management, and their failure could affect operations.
- Many ETPs have a limited track record, and intangible amortization from acquisitions adds pressure on expenses.
Opportunities
- Expansion into private assets and tokenized products could open new revenue sources. Growing interest in ETFs in Europe and Asia offers room for expansion.
- Partnerships with advisory platforms and regional distributors could broaden market reach. Model services and SMA solutions could bring more stable revenue.
- If digital asset regulation becomes clearer, the company could benefit from its early position in tokenization and stablecoin-related products.
Threats
- Intense competition in asset management could lead to fee pressure and loss of market share.
- Regulatory changes and heightened scrutiny of digital assets could raise costs and limit product development.
- Market declines, large investor withdrawals and gold price moves could reduce assets and fee revenues.
Risks
- Dependence on a few productshigh
Revenue depends on a small number of ETPs, so a decline in assets in these funds would directly affect financial results.
- Exposure to gold priceshigh
A significant part of assets is linked to gold-backed products, and changes in demand for the precious metal could affect revenues.
- Reliance on third-party providersmedium
Administration, custody and portfolio management are outsourced, and the failure of one provider could generate operational losses.
- Digital asset risksmedium
Changing regulation, cyber attacks and the risk of asset loss could lead to litigation and additional costs.
- Integration of acquisitionslow
Integrating Ceres and Atlantic House could present operational difficulties, and intangible amortization may reduce reported profitability.
Investment thesis
What would need to be true (bull case)
- Record assets under management and steady net inflows suggest growth is supported by several segments rather than a single product. If operating margins hold, the growth could prove durable.
- Entry into private assets and digital products could diversify revenues. If these lines grow, dependence on traditional markets could decrease.
- The industry shift toward ETFs and fee-based models could favor the company, especially if it keeps its innovation edge.
What would break the thesis
- Revenue depends heavily on asset levels, so a falling market could quickly reduce fees. The concentration in a few products makes this vulnerability more pronounced.
- Recent acquisitions and their amortization could pressure margins, and integration could prove harder than expected. If these costs rise, profitability could be affected.
- Digital assets still have a small volume and recent outflows, and a stricter regulatory framework could limit their expansion.
What to watch
- Evolution of AUM and net flows after the Atlantic House acquisitionQ3 2026
- Adjusted operating margin and compensation to revenue guidance2026
- Effect of digital asset regulation on the company's products2027
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 05 Aug 2026; since then the company filed 8-K (30 Oct 2026 · results).
The business
WisdomTree, Inc. is a global financial innovator offering a suite of ETPs, models and solutions, private market investments and digital asset-related products. It operates as an ETP sponsor and asset manager through subsidiaries in the U.S. and Europe. According to the 2025 annual report, its offering also includes tokenized products such as Digital Funds, the institutional platform WisdomTree Connect and the digital wallet WisdomTree Prime, along with entry into private assets through the Ceres acquisition.
Segments
Digital assets and private assets
The digital division includes tokenized funds and the WisdomTree Prime platform, while the private division is built on the Ceres acquisition, a specialist in U.S. farmland investments. Digital products reached 761 million USD in AUM at June 30, 2026, after net outflows in the second quarter.
Trends
- Shift toward fee-based advisory modelstailwind
Financial advisors are increasingly charging clients based on assets under management rather than earning commissions on transactions. The company believes ETFs, which typically carry lower expense ratios than mutual funds, could benefit from this change.
- Consolidation in asset managementmixed
Fee compression, cost pressures and tougher regulation are encouraging acquisitions across the industry. The company sees this consolidation as an opportunity, but also as pressure on operating efficiency.
- Regulation of digital assetsmixed
The legal framework for digital assets is expanding, and the GENIUS Act on stablecoins could bring more clarity. Its implementation still requires further rulemaking, and heightened scrutiny could raise compliance costs.
- Market volatility and gold pricesheadwind
Declines in securities or precious metal prices can reduce assets under management and fee revenues. A rising interest rate environment could weigh on gold-linked products, which is a risk for the company.
Competitive position
The ETP industry is dominated by large sponsors, and WisdomTree ranked 15th globally by assets under management at the end of 2025. Competition comes from both traditional players and new entrants in digital assets, and differences in regulation across jurisdictions can influence its competitive position.
- iShares
The largest global ETP sponsor according to the ranking in the annual report.
- Vanguard
A major ETP sponsor ranked second globally in the annual report's table.
- Invesco
An ETP sponsor ranked among the top four globally, according to the annual report.
- Charles Schwab
A competitor in distribution and ETFs, listed in the global sponsor ranking.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
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News & filings
In the press
- Markets Pricing for Long-Term Uncertainty: WisdomTree's GuptaBloomberg Markets · 28 Sept 2026 · EN
- WisdomTree COO Lilien Jarrett Sells 30,000 Shares for $737,000Yahoo Finance — News · 12 Sept 2026 · EN
The latest news item in our archive is from 28 Sept 2026; the newest SEC filing is from 30 Oct 2026. The press archive comes from the RSS feeds we follow and does not necessarily cover the latest event — the filings alongside do.
SEC filings
- Current report30 Oct 2026Results of operations · Other events · Financial statements and exhibits
- Quarterly report05 Aug 2026
- Current report31 Jul 2026Results of operations · Other events · Financial statements and exhibits
- Current report18 Jun 2026Shareholder vote
- Current report29 May 2026Other events
- Quarterly report06 May 2026
- Current report01 May 2026Material agreement · Acquisition or disposition of assets · Results of operations · Regulation FD disclosure · Other events · Financial statements and exhibits
- Proxy statement29 Apr 2026
- Current report30 Mar 2026Material agreement · Creation of a direct financial obligation · Financial statements and exhibits
- Current report24 Mar 2026Item 3.02 · Other events · Financial statements and exhibits
Sources
- [1] Form 10-K, fiscal year ended 2025-12-31 · SEC / WisdomTree, Inc. · 25 Feb 2026
- [2] Form 10-Q, quarter ended 2026-06-30 · SEC / WisdomTree, Inc. · 05 Aug 2026
- [3] Form 8-K, results release (exhibit 99.1) · SEC / WisdomTree, Inc. · 31 Jul 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.