Q4 2025 Results January 30, 2026 WisdomTree – Q4/25 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 t ...

Core Insights - WisdomTree has launched a full suite of tokenized fund products on the Solana blockchain, allowing users to access various fund types directly through its platform [1][2] Group 1: Product Launch and Features - The new tokenized funds include money market, equities, fixed income, alternatives, and asset allocation funds, accessible via WisdomTree's stablecoin USDC and PYUSD conversion service [1] - Existing WisdomTree tokenized funds can now be minted directly on Solana, enhancing ecosystem support through a B2B/B2B2C tokenization platform [2] - Retail investors and Wisdom Prime users can transfer USDC directly from Solana into the WisdomTree Prime app, facilitating seamless investing with minimal network fees and full self-custody support [3] Group 2: Market Context and Stock Performance - The launch coincides with a stabilization period in the cryptocurrency market, with Bitcoin trading just below $90K and Solana experiencing a slight decline [4] - WisdomTree's stock reached a 10-year high of $16.89 following the announcement, before slightly decreasing to $16.82, marking an increase of nearly 4% for the week and over 35% in the past 30 days [4] - The stock has rebounded significantly from a recent low of around $11.00 after the firm canceled plans to launch an XRP ETF and withdrew its registration statement with the SEC [5]

Core Insights - Solana is establishing a significant presence in the tokenized real-world assets market as WisdomTree integrates its regulated on-chain funds with the Solana blockchain [1][3] - WisdomTree's full range of tokenized funds, including money markets, equities, fixed income, alternatives, and asset allocation strategies, will now be accessible to users on the Solana network [2][4] Group 1 - WisdomTree has announced that its tokenized funds can be minted directly on Solana, enhancing the capabilities of its WisdomTree Connect platform [4] - Institutional clients can now purchase, hold, and manage tokenized fund positions directly on the Solana blockchain [4] - WisdomTree Prime users can access regulated, yield-generating tokenized funds while remaining entirely on-chain, utilizing a direct on-ramp service [5] Group 2 - Users can buy WisdomTree tokenized funds using USD sourced via USDC directly from Solana, facilitated by WisdomTree's stablecoin conversion service [5] - The integration highlights Solana's growing role in real-world asset tokenization, which is increasingly appealing to asset managers due to benefits like faster settlement and lower costs [3][6] - As real-world assets on Solana exceed $1 billion, the demand for expanded access to tokenized RWAs is evident, showcasing Solana's capability to support this demand at scale [6]

🚨JUST IN: WISDOMTREE EXPANDS TOKENIZED FUND ACCESS TO SOLANA@Solana has confirmed that @WidsomTreePrime has expanded its full suite of regulated funds on the Solana blockchain.Both institutional and retail investors will be able to mint, trade, and hold its full suite of tokenized funds on Solana through the WisdomTree Connect and WisdomTree Prime platforms.According to CoinDesk, the move is part of WisdomTree’s broader multichain strategy and comes as asset managers see to bring traditional financial produ ...

Core Viewpoint - WisdomTree is expanding its tokenization efforts to the Solana blockchain, enabling both institutional and retail investors to mint, trade, and hold tokenized funds through its platforms [1][2]. Group 1: Company Initiatives - WisdomTree is integrating its full suite of tokenized funds on Solana as part of a broader multichain strategy [2]. - The integration allows institutional clients to mint, hold, and manage tokenized fund positions directly on Solana [4]. - Retail users can purchase tokenized funds using USDC without needing to exit to traditional banking systems [4]. Group 2: Industry Trends - The move reflects a growing trend among traditional asset managers to enter the tokenization space, aiming to leverage blockchain for improved settlement times and accessibility [5]. - There is increasing interest in tokenized financial products, including money market funds, equities, and fixed-income products [2].

AUM and Net Flows - Record Global AUM of $1372 billion as of September 30, 2025, with US at $883 billion, Europe at $482 billion, and Digital at $06 billion[8, 10] - Net inflows of $22 billion in Q3 2025 and $88 billion YTD through September 30, 2025, representing an 11% annualized organic growth rate[9, 10] - Updated AUM as of October 29, 2025, is $1385 billion, up approximately 1% from September 30, 2025, driven by positive market movement and Ceres AUM, offset by net outflows[8, 10] Financial Performance - Q3 2025 adjusted revenues increased by 115% compared to Q2 2025, driven by higher average AUM and other revenues[14] - Q3 2025 adjusted revenues increased by 147% compared to Q3 2024, due to higher average AUM and other revenues, partially offset by a lower average advisory fee[14] - Q3 2025 adjusted EPS was $023, compared to $018 in Q2 2025[12] - Adjusted operating margin for Q3 2025 was 383%, compared to 325% in Q2 2025[12] Strategic Initiatives - Completed the acquisition of Ceres Partners, diversifying AUM into farmland and creating opportunities in solar, AI data infrastructure, and water[10] - The Ceres acquisition is expected to be accretive, expanding annualized revenue capture and operating margins by approximately 200 basis points[10] - WisdomTree Prime AUM is $52 million with 30205 opened accounts as of Q3 2025[39] - Total WisdomTree Tokenized AUM is $592 million, a 19x growth vs year-end 2024[39] Guidance and Outlook - Full-year 2025 compensation to revenue ratio is projected to be 28%-30%, with discretionary spending between $68 million and $72 million[15] - Q4 2025 gross margin is anticipated to be approximately 83%, inclusive of the Ceres acquisition impact, with a full-year gross margin trending toward approximately 82%[17] - The company is targeting a 35% to 40% expansion in Model Assets Under Advisement (AUA) and a 25% to 30% growth in Model Users in 2025[27, 29]

Q2 2025 Results Highlights - WisdomTree reported record global AUM of $126.1 billion as of June 30, 2025[31] - The company experienced net inflows of $3.5 billion in Q2 2025, resulting in a year-to-date total of $6.6 billion through June 30, 2025[31] - Q2 adjusted revenues increased by 4.2% compared to Q1 2025 due to higher average AUM[36] - Adjusted earnings per share (EPS) was $0.18 in Q2 2025[33] Ceres Partners Acquisition - WisdomTree agreed to acquire Ceres Partners, LLC, which manages approximately $1.85 billion in farmland assets[7, 23] - The acquisition consideration includes $275 million in cash at closing and a potential earn-out of up to $225 million in 2030, contingent on Ceres achieving specific revenue growth targets[24] - The company targets over $750 million of fundraising by year-end 2030, doubling Ceres' base fees from current levels[7] Digital Assets Platform - Total WisdomTree tokenized AUM reached $350 million, a 10x growth compared to year-end 2024[63] - WisdomTree Connect has expanded to several different blockchains and gathered over $500 million in assets in 2025 so far through July 2025[70] - WisdomTree Prime AUM reached $4.3 million[63] Model AUA Growth - Model Assets Under Advisement (AUA) reached over $5.2 billion as of Q2 2025, up nearly 40% versus year-end 2024[53]

Financial Data and Key Metrics Changes - The company ended the quarter with record AUM of $115.8 billion, up 5.5% from the prior quarter [5] - Net inflows totaled $3 billion, reflecting an annualized organic growth rate of 11% [5] - Revenue for the quarter was $108 million, down slightly from the previous quarter due to two fewer trading days, but up 11.6% year-over-year [7][8] - Adjusted net income for the quarter was $23 million, or $0.16 per share, impacted by seasonal compensation [8] Business Line Data and Key Metrics Changes - Inflows in the U.S. exceeded $1.8 billion, with significant contributions from fixed income and U.S. equity products [6] - The digital money market fund attracted $100 million in AUM during the quarter [6] - In Europe, inflows were over $1.1 billion, primarily into the USITS ETF suite, including $770 million into the European defense fund launched in March [6] Market Data and Key Metrics Changes - The company experienced positive market movement, particularly in commodities, which helped offset headwinds in the U.S. market [6] - The European Defense Fund has been a standout, bringing in $770 million in Q1 and over $700 million in April [11] Company Strategy and Development Direction - The company is focusing on adapting to evolving market dynamics and has introduced unique investment ideas, such as the geopolitical risk-aware model portfolios [12] - There is a strong emphasis on deepening client relationships, with a target to grow the total number of clients using WisdomTree products by 4% this year [13] - The model portfolios business reached $4 billion in AUA, reflecting a nearly 20% annualized organic growth rate [13] - The company is expanding its digital assets offerings, with plans to enable on-chain transfers and broaden functionality in the coming months [15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate a more volatile market, highlighting the balanced AUM and diversification as strengths [10] - The company anticipates continued growth in client relationships and product usage, with a focus on leveraging AI to enhance performance across various functions [22][32] - The future outlook is described as bright, with a strong platform and execution strategy to drive value creation for shareholders [23] Other Important Information - The WisdomTree European Defense Fund has become one of the most successful launches in the company's history, reflecting a timely response to geopolitical themes [11][19] - The company has positioned itself as a leader in tokenized products, with over $100 million in inflows year-to-date [20][42] Q&A Session Summary Question: Opportunity for WisdomTree Prime - Management discussed the importance of on and off ramps for interacting with stable coins and crypto assets, with a measured rollout planned for the summer and expanded marketing in September [25][27] Question: Update on AI Deployment - Management highlighted the integration of AI across the company to enhance customer experience, growth, and decision-making, with positive results seen in various departments [30][32] Question: Update on Crypto Funds and New ETFs - The company has seen good early capital in its crypto offerings in Europe, with a focus on expanding offerings in the U.S. as regulatory conditions improve [37][40]

Financial Data and Key Metrics Changes - The company ended the quarter with record AUM of $115.8 billion, up 5.5% from the prior quarter [4] - Net inflows totaled $3 billion, reflecting an annualized organic growth rate of 11% [4] - Revenue for the quarter was $108 million, down slightly from the previous quarter due to two fewer trading days and lower average fee capture, but up 11.6% year-over-year [6][7] - Adjusted net income for the quarter was $23 million, or $0.16 per share, impacted by seasonal compensation [7] Business Line Data and Key Metrics Changes - In the U.S., the company generated over $1.8 billion of inflows, including into fixed income and U.S. equity products [5] - In Europe, over $1.1 billion of inflows were generated, primarily into the USITS ETF suite, with $770 million into the European Defense Fund launched in March [5] - The model portfolios business reached AUA of $4 billion, up 4% year-to-date, reflecting a nearly 20% annualized organic growth rate [12] Market Data and Key Metrics Changes - The company experienced positive market movement in commodities, which helped offset headwinds in the U.S. market [6] - The European Defense Fund has been a standout, bringing in $770 million in Q1 alone and over $700 million in April [10] Company Strategy and Development Direction - The company is focusing on adapting to evolving market dynamics and has introduced unique investment ideas, such as the geopolitical risk-aware model portfolios [11] - There is a strategic emphasis on deepening client relationships, with a target to grow the total number of clients using WisdomTree products by 4% this year [12] - The company is also expanding its digital assets offerings, with plans to enable on-chain transfers and broaden functionality in the coming months [14] Management's Comments on Operating Environment and Future Outlook - Management noted that the company is well-positioned in a more volatile market, with a balanced AUM and strong client momentum [9] - The CEO expressed confidence in the company's ability to drive long-term value creation for shareholders, highlighting the efficiency of the business model [21][22] Other Important Information - The company has seen significant growth in its tokenized products, with over $100 million in inflows year-to-date [19] - The company is actively working on AI deployment across various functions to enhance performance and decision-making [30][31] Q&A Session Summary Question: Opportunity for WisdomTree Prime - Management discussed the importance of on and off ramps for interacting with stable coins and other crypto assets, with a measured rollout planned for the summer and expanded marketing in September [24][26] Question: Update on Crypto Funds and New ETFs - The company highlighted its focus on Bitcoin in the U.S. and a broader 20-coin basket product in Europe, with over $100 million in inflows for the crypto offering in Europe this year [36][37]

Financial Data and Key Metrics Changes - The company ended the quarter with record assets under management (AUM) of $115.8 billion, up 5.5% from the prior quarter [4] - Net inflows totaled $3 billion, reflecting an annualized organic growth rate of 11% [4] - Revenue for the quarter was $108 million, down slightly from the previous quarter due to two fewer trading days and lower average fee capture, but 11.6% higher than the same period last year [6][7] - Adjusted net income for the quarter was $23 million, or $0.16 per share, impacted by seasonal compensation [7] Business Line Data and Key Metrics Changes - Inflows in the U.S. exceeded $1.8 billion, with significant contributions from fixed income and U.S. equity products [5] - The European market generated over $1.1 billion in inflows, primarily into the USITS ETF suite, including $770 million into the newly launched European Defense Fund [5][11] - The model portfolios business reached $4 billion in assets under administration (AUA), up 4% year-to-date, reflecting a nearly 20% annualized organic growth rate [13] Market Data and Key Metrics Changes - The company experienced positive market movement in commodities, which helped offset headwinds in the U.S. market [6] - The European Defense Fund has been a standout, bringing in $1.4 billion in net inflows year-to-date, making it one of the most successful launches in the company's history [19] Company Strategy and Development Direction - The company is focusing on adapting to evolving market dynamics and has introduced unique investment ideas, such as the geopolitical risk-aware model portfolios [12] - There is a strategic emphasis on deepening client relationships, with a target to grow the total number of clients using WisdomTree products by 4% this year [13] - The company is also expanding its digital assets offerings, with plans to enable on-chain transfers and broaden functionality in the coming months [14][15] Management's Comments on Operating Environment and Future Outlook - Management noted that the company is well-positioned in a more volatile market, with a balanced AUM and strong client momentum [9][10] - The future outlook is positive, with expectations for continued organic growth and a focus on efficiency improvements through AI deployment [23][24] Other Important Information - The company has positioned itself as a leader in tokenized products, with over $100 million in inflows year-to-date [21] - The management highlighted the diversification of AUM across geographies, asset classes, and client types as a significant strength [22] Q&A Session Summary Question: Opportunity for WisdomTree Prime - Management discussed the importance of on and off ramps for interacting with stable coins and other crypto assets, with a measured rollout planned for the summer and expanded marketing in September [26][27] Question: AI Deployment - Management explained that AI is being implemented across various functions to enhance customer experience, growth, and decision-making [31][33] Question: Update on Crypto Funds - The company has focused on Bitcoin in the U.S. and launched a broad 20-coin basket product in Europe, with over $100 million in inflows [38][39]