WisdomTree, Inc. (WT) came out with quarterly earnings of $0.16 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.12 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this company would post earnings of $0.18 per share when it actually produced earnings of $0.17, delivering a surprise of -5.56%.Over the last four quarters, the company has surpassed consensus EPS estimates two times.WisdomTree, Inc., which belongs ...

Assets Under Management (AUM) - WisdomTree reported a record AUM of $115.8 billion, an increase of 5.5% from the prior quarter due to net inflows and market appreciation[3] - WisdomTree's assets under management (AUM) reached approximately $116.2 billion globally[21] - The end of period assets for U.S. listed ETFs was $80.531 billion, an increase from $79.095 billion in Q4 2024[27] - The end of period assets for European listed ETPs rose to $35.124 billion, up from $30.684 billion in Q4 2024[27] - Digital assets reached $132 million at the end of the period, following inflows of $101 million[27] Financial Performance - Operating revenues for Q1 2025 were $108.1 million, a decrease of 2.4% from the prior quarter due to two fewer trading days and a lower average advisory fee[5] - Operating revenues decreased by 2.4% from Q4 2024, but increased by 11.6% from Q1 2024, driven by higher average AUM and other revenues from European ETPs[20] - Net income for the three months ended March 31, 2025, was $24,629,000, compared to $22,111,000 for the same period in 2024, representing an increase of 11.4%[34] - Adjusted net income for Q1 2025 was $23.0 million, with diluted earnings per share at $0.16, compared to $25.3 million and $0.17 in Q4 2024[45] - Total operating revenues for Q1 2025 were $108.1 million, slightly down from $110.7 million in Q4 2024[45] Expenses and Margins - The average advisory fee was 0.35%, a 1 basis point decrease from the prior quarter[4] - WisdomTree's gross margin improved to 80.8%, a 1.5 point increase from the prior quarter[6] - Total operating expenses for Q1 2025 were $73.9 million, down from $75.7 million in Q4 2024[46] - Operating expenses decreased by 2.3% from Q4 2024, primarily due to lower fund management and administration expenses[20] - The adjusted effective income tax rate for Q1 2025 was 25.6%, compared to 23.5% in Q4 2024[46] Product Development and Innovation - WisdomTree launched several new products, including the WisdomTree Europe Defence UCITS ETF, which quickly surpassed $1.4 billion in assets[8] - The company reported an 11% annualized organic growth rate across all products[8] - The company launched 17 digital asset products prior to January 1, 2025, indicating ongoing innovation in their product offerings[28] - WisdomTree's tokenized products attracted over $100 million in inflows year-to-date, showcasing its leadership in digital asset innovation[9] - The WisdomTree Emerging Market SmallCap Dividend UCITS ETF won the ETF Equity Emerging Markets category at the Mountain View Fund Awards 2025[13] Cash Flow and Liabilities - The company reported a net cash provided by operating activities of $6,370,000 for the three months ended March 31, 2025, compared to a net cash used of $1,038,000 in the same period of 2024[34] - Cash, cash equivalents, and restricted cash decreased to $170,373,000 from $181,191,000, reflecting a decrease of 6.5%[34] - Total current liabilities decreased to $81,864,000 from $109,197,000, a reduction of 25.0%[32] Risks and Challenges - A significant portion of revenues is derived from a limited number of products, exposing the company to investor sentiment and market risks[48] - The company faces increased operational and regulatory risks as it expands internationally and develops new product offerings[48] - Fluctuations in assets under management (AUM) due to market disruptions could negatively impact revenues and operating margins[48] - The company relies on third-party vendors for critical services, and any failure could materially affect operations[48] - The company is subject to currency exchange rate risks due to significant AUM exposure in developed markets[48] Shareholder Actions - The company repurchased Series C Non-Voting Convertible Preferred Stock for approximately $84.4 million, convertible into about 13.1 million shares of common stock[40] - The company acknowledges the potential impact of activist stockholders on its strategic direction[48]

Q1 2025 Results May 2, 2025 WisdomTree – Q1/25 Results 1 Forward Looking Statements This presentation contains forward-looking statements that are based on our management's beliefs and assumptions and on information currently available to our management. Although we believe that the expectations reflected in these forward-looking statements are reasonable, these statements relate to future events or our future financial performance, and involve known and unknown risks, uncertainties and other factors that m ...

The market expects WisdomTree, Inc. (WT) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2025. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be releas ...

In 2006, WisdomTree launched with a big idea and an impressive mission — to create a better way to invest. We believed investors shouldn’t have to choose between cost efficiency and performance potential, so we developed the first family of ETFs designed to deliver both. Today, WisdomTree offers a leading product range that offers access to an unparalleled selection of unique and smart exposures. ...

Group 1 - WisdomTree is an asset manager that differentiates itself from competitors by focusing on exchange-traded products and digital assets [1] - The company has a unique business profile compared to most of its peers in the asset management industry [1] Group 2 - The author of the article has extensive experience in the financial sector, specifically in portfolio management, which adds credibility to the analysis [1]

Financial Performance - Net income for the year ended December 31, 2024, was reported at $66.7 million, a decrease from $102.5 million in 2023[27]. - Operating revenues increased by 22.5% to $427.7 million for the year ended December 31, 2024, driven by higher average AUM and revenues from European listed ETPs[28]. - Total operating expenses rose by 11.1% to $290.4 million in 2024, primarily due to increased compensation, headcount, and marketing expenses[28]. - WisdomTree's AUM reached $109.8 billion as of December 31, 2024, reflecting strong growth in asset management[41]. - WisdomTree generated $32.4 million in other revenue in 2024, showcasing success in diversifying income streams beyond traditional expense ratios[42]. - Total AUM for U.S. Equity products was $35.4 billion, while Commodity & Currency products totaled $21.9 billion as of December 31, 2024[57][58]. Market Position and Growth - As of December 31, 2024, the global AUM of ETPs reached $13.8 trillion, with the company ranking as the 15th largest ETP sponsor globally[29][30]. - The company anticipates growth driven by increased investor awareness of ETP advantages, a transition to fee-based models, and innovative product offerings[35]. - The number of advisors utilizing WisdomTree's model portfolios surpassed 2,500 in 2024, indicating a steady increase in advisor engagement[41]. - WisdomTree's employee retention rate was 93.8% in 2024, reflecting strong employee engagement and satisfaction[49]. Product Innovation and Development - The company has introduced several first-to-market ETF offerings, including the first currency-hedged international equity ETFs in the U.S. and the first spot bitcoin ETFs[39]. - WisdomTree is committed to developing new investment products and blockchain-enabled solutions, reinforcing its role as an innovator in the digital assets space[36]. - WisdomTree's focus on product development includes launching next-generation digital products and structures, aiming to be first to market with differentiated offerings[76]. - WisdomTree's self-indexing model and newer active ETFs are positioned to generate alpha versus traditional benchmarks, focusing on after-fee performance[81]. Digital Assets and Blockchain - The WisdomTree Prime Mobile App is available in 45 states, serving as a blockchain-native digital wallet and enhancing the company's position in blockchain-enabled financial services[39]. - WisdomTree's blockchain-native digital wallet, WisdomTree Prime, offers access to various digital assets, positioning the company as a leader in digital assets and tokenization[42]. - WisdomTree Prime offers access to digital assets such as bitcoin and tokenized gold, with 13 Digital Funds designed for interoperability across blockchains[82]. Marketing and Brand Strategy - WisdomTree's marketing efforts will focus on increasing brand awareness and user adoption for its blockchain-enabled products, including WisdomTree Prime and WisdomTree Connect[69]. - WisdomTree's advertising strategy includes targeted multi-media campaigns on financial networks like CNBC and Fox Business, with a focus on professional investors in Europe[12]. - The company maintains a database of financial advisors for multi-channel marketing, including research presentations and educational events, enhancing engagement through predictive analytics[12]. - The company has established a strong presence on social media platforms to enhance brand reputation and connect with financial advisors and investors[12]. Regulatory Compliance and Risk Management - The company emphasizes maintaining strong internal controls and risk management to foster customer trust and ensure compliance with evolving regulatory standards[83]. - WisdomTree's digital assets business is actively engaging with U.S. regulators to secure necessary approvals for various initiatives, including a limited purpose trust company and money services business[85]. - The firm is subject to currency translation exposure primarily from its non-U.S. operations in the U.K. and Europe, with advisory fees predominantly earned in U.S. dollars[373]. - The company has adhered to various regulatory requirements, including EMIR and BMR, which govern its operations and risk management practices[104]. Shareholder Returns and Stock Management - The company has repurchased over $100 million of its common stock over the past four years, with plans for additional buybacks and strategic acquisitions[41]. Competitive Landscape - The asset management industry is highly competitive, with significant competition from ETP sponsors and larger financial institutions, necessitating innovative product development[77]. - Approximately 73% of net flows globally over the past three years have been in funds with fees of 20 basis points or less, despite these funds representing only about 32% of global revenues[79].

Group 1 - WisdomTree's U.S. Large Cap Fund ETF (EPS) received a 5-star rating from Morningstar, indicating high performance and quality [1] - The Barnacle, a quantitative analyst with a mathematics background, emphasizes the importance of numerical analysis in investment decisions [1] - The Barnacle shares insights on value stocks with growth potential across various market capitalizations, including large caps, midcaps, small caps, international stocks, gold miners, and REITs [1] Group 2 - The article does not contain any disclosures related to stock positions or business relationships with mentioned companies [2] - Seeking Alpha clarifies that past performance does not guarantee future results and that the views expressed may not reflect the platform's overall stance [3]

Core Insights - WisdomTree, Inc. reported revenue of $110.7 million for the quarter ended December 2024, reflecting a year-over-year increase of 21.9% [1] - The earnings per share (EPS) for the quarter was $0.17, up from $0.11 in the same quarter last year, but below the consensus estimate of $0.18, resulting in an EPS surprise of -5.56% [1] Financial Performance - The reported revenue was slightly below the Zacks Consensus Estimate of $111.41 million, with a surprise of -0.64% [1] - The company’s assets under management (AUM) at the end of the period were $109.8 billion, which was lower than the average estimate of $111.45 billion [4] - Specific asset categories showed the following performance against analyst estimates: - International Developed Market Equity: $17.60 billion vs. $18.05 billion [4] - Emerging Market Equity: $10.47 billion vs. $11.69 billion [4] - Fixed Income: $20.04 billion vs. $20.41 billion [4] - Alternatives: $510 million vs. $490.08 million [4] - U.S. Equity: $35.41 billion vs. $35.58 billion [4] - Cryptocurrency: $1.91 billion vs. $1.48 billion [4] Inflows and Outflows - Inflows for U.S. Equity were reported at $1.10 billion, exceeding the average estimate of $799.78 million [4] - International Developed Market Equity experienced inflows of $63 million, below the average estimate of $81.44 million [4] - Global ETPs saw outflows of -$281 million, contrasting with the estimated inflows of $284.73 million [4] Revenue Breakdown - Advisory fees amounted to $102.26 million, slightly below the average estimate of $103.91 million, but represented a year-over-year increase of 17.6% [4] - Other income was reported at $8.43 million, exceeding the average estimate of $8.16 million, with a significant year-over-year increase of 118.7% [4] Stock Performance - Over the past month, shares of WisdomTree, Inc. have returned -2.9%, while the Zacks S&P 500 composite has increased by +2.9% [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]

分组1 - WisdomTree, Inc. reported quarterly earnings of $0.17 per share, missing the Zacks Consensus Estimate of $0.18 per share, but showing an increase from $0.11 per share a year ago, resulting in an earnings surprise of -5.56% [1] - The company posted revenues of $110.7 million for the quarter ended December 2024, which was below the Zacks Consensus Estimate by 0.64%, and an increase from $90.84 million year-over-year [2] - Over the last four quarters, WisdomTree has surpassed consensus EPS estimates three times and topped consensus revenue estimates three times [2] 分组2 - The stock has underperformed the market, losing about 6.5% since the beginning of the year compared to the S&P 500's gain of 3.2% [3] - The current consensus EPS estimate for the coming quarter is $0.16 on revenues of $108.82 million, and for the current fiscal year, it is $0.70 on revenues of $451.95 million [7] - The Zacks Industry Rank for Financial - Miscellaneous Services is currently in the top 31% of over 250 Zacks industries, indicating a favorable outlook for the industry [8]