WisdomTree, Inc.
- Open
- 24.75
- Day high
- 24.81
- Day low
- 23.64
- Prev close
- 24.46
- Volume
- 2.6M
- Mkt cap
- $3.6B
- P/E (TTM)
- 42.4
- EPS (TTM)
- $0.56
- P/B
- 8.6
- P/S
- 5.9
- Yield
- 0.38%
- Per share
- $0.09
WisdomTree, Inc. (WT) is a Financial Services company listed on NYSE. The stock is up 76% over the past year. Drillr has 1 published research article covering WT.
WisdomTree, Inc. (WT) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 5 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
WT earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Jul 31, 2026 | $0.26 | $0.31 | +17.4% | $177M | +4.8% |
| May 1, 2026 | $0.25 | $0.27 | +8.4% | $160M | +2.7% |
| Jan 30, 2026 | $0.23 | $0.29 | +26.1% | $147M | -3.6% |
| Oct 31, 2025 | $0.21 | $0.23 | +9.0% | $126M | -11.6% |
| Jul 31, 2025 | $0.18 | $0.18 | -1.1% | $113M | -6.5% |
| May 2, 2025 | $0.16 | $0.16 | -0.6% | $108M | -2.1% |
| Jan 31, 2025 | $0.19 | $0.17 | -10.5% | $111M | +2.8% |
| Oct 25, 2024 | $0.17 | $0.18 | +5.9% | $113M | +0.5% |
| Jul 26, 2024 | $0.14 | $0.16 | +14.3% | $107M | +4.6% |
| Apr 26, 2024 | $0.11 | $0.12 | +9.1% | $97M | +2.9% |
| Feb 2, 2024 | $0.11 | $0.11 | +0.9% | $91M | +1.2% |
| Oct 27, 2023 | $0.10 | $0.10 | +1.0% | $90M | +3.0% |
WT insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 22, 2026 | SALERNO FRANKdirector | Grant | 5,509 | — |
| Jun 18, 2026 | PANKOPF TONIA Ldirector | Grant | 5,509 | — |
| Jun 18, 2026 | Blake Lynn S.director | Grant | 5,509 | — |
| Jun 18, 2026 | Bossone Anthonydirector | Grant | 5,509 | — |
| Jun 18, 2026 | Naidoo Shamladirector | Grant | 5,509 | — |
| Jun 18, 2026 | Delorier Rilla Sdirector | Grant | 5,509 | — |
| Jun 18, 2026 | Conjeevaram Smitadirector | Grant | 5,509 | — |
| Jun 18, 2026 | Mielke Danieladirector | Grant | 5,509 | — |
| May 21, 2026 | Lilien R Jarrettofficer: President and COO | Sell | 30,000 | $18.99 |
| May 20, 2026 | Ziemba Peter Mofficer: Chief Administrative Officer | Sell | 100,000 | $19.31 |
| May 6, 2026 | Yates David Mofficer: Chief Information Officer | Sell | 15,000 | $18.06 |
| Mar 9, 2026 | PANKOPF TONIA Ldirector | Buy | 38 | $11.52 |
| Mar 9, 2026 | PANKOPF TONIA Ldirector | Buy | 44 | $16.94 |
| Mar 9, 2026 | PANKOPF TONIA Ldirector | Buy | 48 | $9.26 |
| Mar 9, 2026 | PANKOPF TONIA Ldirector | Buy | 46 | $9.62 |
Source: WT SEC Form 4 filings, latest Jun 22, 2026. For informational purposes only — not investment advice.
See the full WT insider & 13F page →WT research & analysis
WisdomTree, Inc. company profile
Overview
WisdomTree, Inc. (NASDAQ:WT) is a New York-based financial services company that operates as an exchange-traded fund (ETF) sponsor and asset manager. Founded in 1985 and publicly traded since 1993, WisdomTree has evolved from its early roots to become a significant player in the ETF industry. The company manages over $115 billion in assets under management as of 2025, offering a diverse range of investment products across equities, fixed income, currencies, commodities, and digital assets. WisdomTree has distinguished itself through its fundamentally weighted index methodology and has been expanding into innovative areas including tokenization, digital asset platforms, and model portfolio solutions for financial advisors.
Business
WisdomTree operates in the asset management industry, specifically focusing on exchange-traded funds (ETFs). ETFs are investment funds that trade on stock exchanges like individual stocks but hold a diversified portfolio of underlying assets such as stocks, bonds, commodities, or currencies. Unlike traditional mutual funds, ETFs can be bought and sold throughout the trading day at market prices. The company's core business consists of several key segments: 1. **ETF Management and Sponsorship** - WisdomTree creates, manages, and sponsors ETFs across multiple asset classes including U.S. and international equities, fixed income securities, currencies, and commodities. The company uses proprietary fundamentally weighted index methodologies, which weight securities based on fundamental factors like earnings, dividends, and sales rather than just market capitalization. This represents approximately 85-90% of the company's revenue based on assets under management. 2. **Model Portfolio Solutions** - The company provides pre-constructed investment portfolios to financial advisors, which has grown to over $4 billion in assets under advisement. This business targets the approximately 85,000 financial advisors in the U.S. market and represents a growing revenue stream. 3. **Digital Asset Platforms** - WisdomTree has developed two digital platforms: WisdomTree Prime (a direct-to-consumer digital wallet and investment platform) and WisdomTree Connect (a business-to-business platform for tokenized product distribution). This segment is still emerging but represents the company's strategic focus on blockchain-enabled finance and tokenization. 4. **Index Licensing** - The company licenses its proprietary indexes to third parties for use in their investment products, generating additional fee income. WisdomTree's products span global markets, with significant operations in both the United States and Europe through its UCITS (Undertakings for Collective Investment in Transferable Securities) ETF suite, which has grown from nearly zero to approximately $7 billion in assets over five years.
Revenue model
WisdomTree generates revenue primarily through management fees charged on its ETFs, which are calculated as a percentage of assets under management. The company's blended fee rate averages around 37 basis points (0.37% annually), meaning it earns $3.70 for every $1,000 invested in its funds. This asset-based fee model creates recurring revenue that scales with market performance and net inflows. The company's paying customers are primarily institutional investors, financial advisors, and individual investors who purchase shares of WisdomTree ETFs through brokerage accounts. For the model portfolio business, financial advisors pay fees for access to pre-constructed investment strategies. The digital asset platforms generate revenue through multiple streams including management fees, potential brokerage commissions, trading spreads, and future interchange fees from debit card usage. Several factors significantly impact WisdomTree's profitability margins. **Positive margin drivers** include the company's high incremental margins (over 50% on new assets), meaning most additional revenue flows directly to the bottom line once fixed costs are covered. Market appreciation increases assets under management without proportional cost increases. The company's focus on higher-fee specialty products and international expansion also supports margin growth. **Margin pressure factors** include intense fee competition in the ETF industry, particularly from large players like Vanguard and BlackRock offering low-cost index funds. Shifts toward lower-fee products (such as their floating rate treasury fund USFR) can reduce the blended fee rate. Market volatility and outflows directly impact revenue since fees are asset-based. Additionally, the company's investments in new technology platforms and digital assets require upfront costs before generating returns. Regulatory changes affecting ETF structures or digital assets could also impact profitability, though recent regulatory developments appear favorable for the company's digital asset initiatives.
Competitive moat
WisdomTree operates in a highly competitive asset management industry where traditional moats are relatively weak. The company's primary competitive advantages include its **fundamentally weighted index methodology**, which differentiates its products from market-cap weighted alternatives and has historically provided better risk-adjusted returns. This proprietary approach creates some intellectual property protection and brand recognition among advisors seeking alternatives to traditional indexing. The company has built **meaningful scale and distribution relationships** with major financial platforms, wirehouses like Merrill Lynch and Morgan Stanley, and independent broker-dealers. These relationships create switching costs and provide access to the crucial advisor channel. WisdomTree's **first-mover advantage in digital assets and tokenization** within the traditional ETF space could provide temporary competitive positioning, particularly with regulatory approvals and infrastructure already in place. However, the company's moat is **relatively narrow and under pressure**. The ETF industry faces intense competition from much larger players like BlackRock (iShares), Vanguard, and State Street, which benefit from massive scale economies and can offer lower fees. These giants have virtually unlimited resources to replicate successful strategies and can price aggressively to gain market share. **Product commoditization** is a significant threat, as many investment strategies can be replicated relatively easily, and investors increasingly focus on fees over active management or proprietary methodologies. The **regulatory environment** presents both opportunities and risks, particularly for digital assets where changing rules could either accelerate adoption or create barriers. **Technology disruption** from fintech companies and robo-advisors could disintermediate traditional asset managers. While WisdomTree's digital initiatives show promise, they face competition from established fintech players and crypto-native companies with deeper technology expertise and venture capital backing. The company's success will largely depend on execution in these emerging areas and its ability to maintain relevance in an increasingly commoditized traditional ETF market.
Risks & safety
WisdomTree demonstrates a **moderate margin of safety** with solid financial fundamentals but some leverage concerns: **Liquidity and Solvency:** - Strong cash position of $170 million with current ratio of 3.83x indicating excellent short-term liquidity - Positive free cash flow of $113 million annually with consistent cash generation - No immediate solvency risk given asset-light business model **Debt and Capital Structure:** - Debt-to-equity ratio of 1.23x is elevated, primarily from $240 million in convertible notes issued in 2024 - Interest coverage appears adequate given EBITDA of $117 million annually - Convertible structure provides flexibility but potential dilution risk **Valuation Metrics:** - P/E ratio of 12.9x appears reasonable for a growing asset manager - EV/EBITDA of 11.0x is moderate for the sector - Price-to-book of 3.1x reflects premium to tangible assets but typical for asset managers - Graham number suggests potential undervaluation relative to conservative metrics **Other Considerations:** - Revenue concentration risk in fee-based model tied to market performance - Asset-light model provides operational flexibility but limited tangible asset protection - Growing digital asset investments represent both opportunity and execution risk
Recent development
Over the past few years, WisdomTree has undergone significant strategic transformation beyond traditional ETF management. The company's most notable pivot has been into **digital assets and tokenization**, launching two key platforms: WisdomTree Prime, a direct-to-consumer digital wallet and investment platform now available in 44 states, and WisdomTree Connect, a business-to-business platform for tokenized product distribution. The company obtained a New York State trust charter for digital assets and has been steadily building this infrastructure, with 26,000 opened accounts and 2,300 funded accounts as of early 2025. The **model portfolio business** has emerged as another major growth driver, expanding from $2 billion to over $4 billion in assets under advisement. WisdomTree has significantly broadened its addressable market from 70,000 to 85,000 financial advisors and established partnerships with major wirehouses including Merrill Lynch and Morgan Stanley. This business now contributes approximately 12% of total flows and represents a key diversification strategy. **International expansion** has accelerated, particularly in Europe where the company's UCITS ETF suite has grown from nearly zero to approximately $7 billion in assets over five years. Notable product launches include a European Defense Fund that attracted $770 million in the first quarter of 2025. The company has also expanded its cryptocurrency offerings in European markets with funds covering Bitcoin, Ethereum, Solana, and other digital assets. **Artificial intelligence deployment** has become a strategic priority across three areas: enhancing customer experience, improving operational efficiency, and supporting decision-making processes. The company has also implemented significant **capital management initiatives**, including repurchasing over 19 million shares (roughly 12% of shares outstanding) and refinancing debt to reduce interest rates from 5.75% to 3.25% through convertible note issuance. These developments reflect WisdomTree's evolution from a traditional ETF provider to a more diversified financial technology company positioning itself for the future of digital finance.
WT company profile · for informational purposes only — not investment advice.
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