Record AUM of $171.0 Billion
Diluted Earnings Per Share of $0.32
Over $13.6 Billion of Net Inflows Year-to-Date, a 13% Annualized Organic Growth Rate
Operating Margin Expanded by 680 bps Year over Year; or 750 bps, on an Adjusted Basis
NEW YORK--(BUSINESS WIRE)--October 30, 2026--
WisdomTree, Inc. (NYSE: WT), a modern global asset manager, today reported financial results for the third quarter of 2026.
$49.2 million of net income ($49.5(1) million, as adjusted). See "Non-GAAP Financial Measurements" for a reconciliation to net income.
$171.0 billion of ending AUM, an increase of 5.0% from the prior quarter arising from net inflows and market appreciation.
$4.6 billion of net inflows, across the United States and Europe primarily driven by inflows into our fixed income, commodity and U.S. equity products.
0.36% average advisory fee, unchanged from the prior quarter.
0.42% revenue yield(2) , a 1 basis point decrease from the prior quarter due to lower transaction fees from our European ETPs and lower performance fees.
$179.4 million of operating revenues, an increase of 1.3% from the prior quarter due to higher average AUM, partly offset by lower transaction fees from our European ETPs and lower performance fees.
83.0% gross margin(1) , essentially unchanged from the prior quarter.
41.3% operating income margin for the quarter (43.1% as adjusted), a 0.8 point increase (0.5 point increase, as adjusted) from the prior quarter primarily due to higher revenues.
39.8% operating income margin year-to-date (41.8% as adjusted), a 6.8 point increase (7.5 point(3) increase, as adjusted) from the prior-year period. The increase primarily reflected favorable operating leverage from revenue growth, partially offset by higher intangible amortization associated with the Ceres Partners, LLC ("Ceres") and Atlantic House Holdings Limited ("Atlantic House") acquisitions. Adjusted operating income excludes intangible asset amortization and acquisition-related costs.
$18.1 million aggregate principal amount of convertible senior notes due 2029 (the "2029 Notes") retired, for aggregate cash consideration of $32.3 million. The conversion price of the 2029 Notes was $11.82.
$10.6 million of common stock repurchased, representing approximately 0.5 million shares at an average repurchase price of $21.29 per share.
$0.03 quarterly dividend declared, payable on November 25, 2026 to stockholders of record as of the close of business on November 11, 2026.
Update from Jarrett Lilien, WisdomTree President and COO
"Our third quarter results reflect the continued strength and scalability of WisdomTree's business, with record AUM of $171 billion, $4.6 billion of net inflows and meaningful contributions across our global platform. The breadth and consistency of our organic growth, coupled with expanding distribution capabilities and continued operating discipline, are driving significant operating leverage and margin expansion. As we deepen our presence in existing markets and capitalize on new opportunities across liquid alternatives, private markets and tokenization, we remain focused on executing our proven playbook: generating high-quality organic growth, scaling efficiently and translating that momentum into greater earnings power." ------------------------------------------------------------------------------
Update from Jonathan Steinberg, WisdomTree CEO
"WisdomTree continues to evolve into a truly modern global asset manager, strategically positioned at the intersection of three powerful transformations in financial services: the democratization of investing, the convergence of public and private markets, and the tokenization of financial assets. After more than two decades of strategic reinvestment, we have built differentiated capabilities across each of these areas, and we believe the greatest opportunity lies in bringing them together into one integrated investment ecosystem. Combined with our highly efficient and scalable operating model, we believe WisdomTree is well positioned to drive sustained growth and create significant long-term value for stockholders." ------------------------------------------------------------------------------
OPERATING AND FINANCIAL HIGHLIGHTS
Three Months Ended
------------------------------------------
Sept. June Mar. Dec. Sept.
30, 30, 31, 31, 30,
2026 2026 2026 2025 2025
------ ------ ------- ------- --------
Consolidated Operating
Highlights ($ in
billions):
----------------------
AUM--end of period $171.0 $162.9 $152.6 $144.5 $137.2
Net
inflows/(outflows) $ 4.6 $ 3.1 $ 5.9 $ (0.3) $ 2.2
Average AUM $170.5 $164.2 $154.7 $140.7 $130.8
Average advisory
fee 0.36% 0.36% 0.36% 0.35% 0.35%
Revenue yield(2) 0.42% 0.43% 0.42% 0.42% 0.38%
Consolidated Financial
Highlights ($ in
millions, except per
share amounts):
----------------------
Operating revenues $179.4 $177.2 $159.5 $147.4 $125.6
Net income/(loss) $ 49.2 $ 44.3 $(23.1) $ 40.0 $ 19.7
Diluted
earnings/(loss)
per share $ 0.32 $ 0.28 $(0.17) $ 0.28 $ 0.13
Operating income
margin 41.3% 40.5% 37.2% 40.5% 36.3%
As Adjusted
(Non-GAAP(1) ):
----------------------
Operating revenues,
as adjusted $179.4 $177.2 $159.5 $147.4 $125.6
Gross margin 83.0% 82.9% 84.4% 83.2% 82.2%
Net income, as
adjusted $ 49.5 $ 48.1 $ 40.6 $ 41.2 $ 34.5
Diluted earnings
per share, as
adjusted $ 0.32 $ 0.31 $ 0.27 $ 0.29 $ 0.23
Operating income
margin, as
adjusted 43.1% 42.6% 39.3% 41.7% 38.3%
RECENT BUSINESS DEVELOPMENTS
Company News In September,WisdomTree completed the rebrand of Atlantic House's fund and structured solutions business following WisdomTree's recent acquisition of Atlantic House in May 2026; WisdomTree and MoonPay entered into a strategic agreement to expand U.S. investor access to tokenized funds, including the WisdomTree Treasury Money Market Digital Fund (WTGXX), and to support stablecoin reserves by making WTGXX more accessible to everyday investors through MoonPay; and WisdomTree introduced WisdomTree Onchain(TM), bringing its tokenized funds, onchain infrastructure and platforms for individual and institutional investors under one name. In September and October, WisdomTree won the following awards:Luba Spear was named "CMO of the Year" at the 2026 Wealth Management Industry Awards; four WisdomTree leaders were recognized on INvolve's 2026 'Heroes Role Model Lists supported by YouTube;' the WisdomTree Enhanced Commodity UCITS ETF (WCOA) was the winner in the Commodity ETFs category at the Swiss ETF Awards 2026; received the "M&A Deal of the Year" award for our acquisition of Ceres Partners, LLC at the 2026 Asset Management STAR Awards North America. In October,WisdomTree and BitGo entered into an agreement to bring tokenized Treasury yield, liquidity and collateral capabilities to institutional investors directly on the BitGo platform. Eligible BitGo clients can access WTGXX without leaving the platform, putting idle cash to work while maintaining 24/7 liquidity and settlement capabilities; and WisdomTree and Return Stacked(R) ETFs entered into a strategic relationship to deliver co-branded, capital-efficient model portfolios through the Quorus implementation platform. The collaboration combines WisdomTree's portfolio construction expertise with Return Stacked ETFs' institutional-style diversifying strategies, helping financial advisors integrate alternative sources of return alongside core stock and bond exposures through a scalable portfolio framework. Product News In August, September and October, WisdomTree launched the following products:In the U.S., we launched the WisdomTree Efficient Long/Short U.S. SmallCap Equity Fund $(WSLS)$ and the WisdomTree Global Alpha Fund $(WTAL)$, both powered by AlphaBeta and listed on the Texas Stock Exchange (TXSE). During the same period, in Europe, we launched the WisdomTree Enhanced Commodity UCITS ETF -- GBP Hedged (WCOM), WisdomTree Physical Silver -- EUR Daily Hedged (AGSE), WisdomTree Physical Silver -- GBP Daily Hedged $(PAGP)$, WisdomTree Defined Return Autocallable EUR Active UCITS ETF (DRTN) and WisdomTree Defensive Defined Return Autocallable EUR Active UCITS ETF (DRTD). The latter two ETFs -- the first actively managed autocallable ETFs in Europe -- leverage the investment team that joined WisdomTree through the Atlantic House acquisition. These ETFs are listed on major European exchanges, including the London Stock Exchange, Börse Xetra and Borsa Italiana. We also launched the WisdomTree Tail Risk Fund. ------------------------------------------------------------------------------ WISDOMTREE, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands, except per share amounts) (Unaudited) Three Months Ended Nine Months Ended -------------------------------------------------------- ---------------------- Sept. 30, June 30, Mar. 31, Dec. 31, Sept. 30, Sept. 30, Sept. 30, 2026 2026 2026 2025 2025 2026 2025 --------- --------- --------- --------- ------------ --------- --------- Operating Revenues:
Advisory fees $151,631 $146,300 $134,880 $122,712 $114,485 $432,811 $317,275
Management fees 5,420 5,369 5,231 4,908 -- 16,020 --
Performance fees 3,778 5,964 2,955 7,105 -- 12,697 --
Other revenues 18,546 19,527 16,404 12,709 11,131 54,477 29,044
------- ------- ------- ------- ------- ------- -------
Total revenues 179,375 177,160 159,470 147,434 125,616 516,005 346,319
------- ------- ------- ------- ------- ------- -------
Operating Expenses:
Compensation and
benefits 44,770 43,718 47,517 37,273 33,791 136,005 100,406
Fund management and
administration 30,532 30,229 24,880 24,830 22,353 85,641 64,319
Marketing and
advertising 5,426 6,041 5,392 5,613 4,788 16,859 14,931
Sales and business
development 4,820 4,938 4,197 4,045 3,943 13,955 12,312
Professional fees 4,263 4,098 3,308 3,596 3,505 11,669 9,464
Occupancy,
communications and
equipment 2,620 2,229 1,935 1,892 1,601 6,784 4,642
Depreciation and
amortization 4,028 3,415 2,096 2,043 615 9,539 1,735
Third-party
distribution fees 5,334 5,401 5,795 4,772 3,977 16,530 11,172
Acquisition-related
costs -- 1,118 1,933 317 2,409 3,051 4,376
Other 3,460 4,162 3,067 3,306 2,980 10,689 8,514
------- ------- ------- ------- ------- ------- -------
Total operating
expenses 105,253 105,349 100,120 87,687 79,962 310,722 231,871
------- ------- ------- ------- ------- ------- -------
Operating income 74,122 71,811 59,350 59,747 45,654 205,283 114,448
Other
Income/(Expenses):
Interest expense (13,520) (14,852) (11,023) (11,023) (8,466) (39,395) (19,397)
Interest income 1,841 3,203 2,592 2,965 4,015 7,636 8,002
Loss on repurchase
of convertible
notes -- (6,623) (62,302) (833) (13,011) (68,925) (13,011)
Remeasurement of
contingent
consideration 2,069 (1,360) (2,562) (710) -- (1,853) --
Other losses and
gains, net (35) 6,368 (637) 317 1,325 5,696 1,713
------- ------- ------- ------- ------- ------- -------
Income/(loss) before
income taxes 64,477 58,547 (14,582) 50,463 29,517 108,442 91,755
Income tax expense 15,261 14,263 8,549 10,437 9,816 38,073 22,648
------- ------- ------- ------- ------- ------- -------
Net income/(loss) $ 49,216 $ 44,284 $(23,131) $ 40,026 $ 19,701 $ 70,369 $ 69,107
======= ======= ======= ======= ======= ======= =======
Earnings/(loss) per
share--basic $ 0.33 $ 0.30 $ (0.17) $ 0.29 $ 0.14(4 () $ 0.49 $ 0.48
Earnings/(loss) per
share--diluted $ 0.32 $ 0.28 $ (0.17) $ 0.28 $ 0.13(4 () $ 0.46 $ 0.47
Weighted average common
shares--basic 147,570 149,001 138,005 136,340 139,584 144,894 141,736
Weighted average common
shares--diluted 156,179 156,276 138,005 143,314 150,675 153,767 146,360
As Adjusted
(Non-GAAP(1) )
-----------------------
Total revenues $179,375 $177,160 $159,470 $147,434 $125,616
Total operating
expenses $102,032 $101,619 $ 96,752 $ 85,936 $ 77,553
Operating income $ 77,343 $ 75,541 $ 62,718 $ 61,498 $ 48,063
Income before income
taxes $ 65,679 $ 63,354 $ 54,654 $ 53,840 $ 45,318
Income tax expense $ 16,199 $ 15,274 $ 14,061 $ 12,605 $ 10,842
Net income $ 49,480 $ 48,080 $ 40,593 $ 41,235 $ 34,476
Earnings per
share--diluted $ 0.32 $ 0.31 $ 0.27 $ 0.29 $ 0.23
Weighted average common
shares--diluted 156,179 156,276 152,372 143,314 150,675
----------------------- ------- ------- ------- ------- -------
QUARTERLY HIGHLIGHTS
Operating Revenues
-- Operating revenues increased 1.3% from the second quarter of 2026 due
to higher average AUM, partly offset by lower transaction fees from our
European ETPs and lower performance fees. Operating revenues increased
42.8% from the third quarter of 2025 due to higher average AUM, a higher
average advisory fee, revenues arising from the Ceres and Atlantic House
acquisitions and increased other revenues from our European listed ETPs.
-- Our average advisory fee was 0.36% for the second and third quarters of
2026 and 0.35% for the third quarter of 2025.
Operating Expenses
-- Operating expenses were essentially unchanged from the second quarter
of 2026.
-- Operating expenses increased 31.6% from the third quarter of 2025
primarily due to higher incentive compensation and headcount, as well as
increased fund management and administration expenses, intangible asset
amortization related to the Ceres and Atlantic House acquisitions and
third-party distribution fees, partly offset by lower acquisition-related
costs.
Other Income/(Expenses)
-- Interest expense decreased 9.0% from the second quarter of 2026,
reflecting a lower level of debt outstanding. Interest expense increased
59.7% from the third quarter of 2025, reflecting a higher level of debt
outstanding and higher interest rates.
-- Interest income decreased 42.5% and 54.1% from the second quarter of
2026 and the third quarter of 2025, respectively, reflecting a lower
level of interest earning assets following recent debt retirements and
stock repurchases.
-- Contingent consideration related to the Ceres acquisition decreased
from $15.8 million on June 30, 2026 to $13.7 million at September 30,
2026, resulting in a $2.1 million gain on remeasurement recognized during
the third quarter of 2026.
-- Other losses and gains, net, was a loss of $0.04 million for the third
quarter of 2026. Gains and losses generally arise on our financial
instruments and investments owned, as well as from the sale of gold and
cryptocurrency earned from advisory fees paid by our physically-backed
gold and crypto ETPs, foreign exchange fluctuations and miscellaneous
items.
Income Taxes
-- Our effective income tax rate for the third quarter of 2026 was 23.7%,
resulting in income tax expense of $15.3 million. The effective tax rate
differs from the U.S. federal statutory rate of 21.0% primarily due to
non-deductible executive compensation and state taxes, partly offset by a
reduction in the capital loss valuation allowance.
-- Our adjusted effective income tax rate for the third quarter of 2026
was 24.7%(1).
NINE MONTH HIGHLIGHTS
-- Operating revenues increased 49.0% as compared to 2025 due to higher
average AUM, a higher average advisory fee, revenues arising from the
Ceres and Atlantic House acquisitions and increased other revenues from
our European listed ETPs.
-- Operating expenses increased 34.0% as compared to 2025 primarily due to
higher incentive compensation and headcount, as well as increased fund
management and administration expenses, third-party distribution fees and
intangible asset amortization arising from the Ceres and Atlantic House
acquisitions.
-- Significant items reported in other income/(expense) in 2026 include:
an increase in interest expense of 103.1% due to a higher level of debt
outstanding and higher interest rates; a decrease in interest income of
4.6% reflecting a lower level of interest earning assets following recent
debt retirements and stock repurchases; a remeasurement gain of $4.4
million on British pounds held to complete the Atlantic House acquisition,
net gains on our financial instruments owned of $2.0 million, net losses
on our investments of $0.4 million and $0.6 million of foreign currency
remeasurement gains on U.S. dollars held by foreign subsidiaries. Gains
and losses also generally arise from the sale of gold earned on advisory
fees paid by our physically-backed gold ETPs, other foreign exchange
fluctuations and miscellaneous items.
-- Our effective income tax rate for 2026 was 35.1%, resulting in an
income tax expense of $38.1 million. The effective tax rate differs from
the federal statutory rate of 21.0% primarily due to non-deductible
amounts associated with the repurchase of convertible notes.
CONFERENCE CALL DIAL-IN AND WEBCAST DETAILS
WisdomTree will discuss its results and operational highlights during a live webcast on Friday, October 30, 2026 at 11:00 a.m. ET, which, together with all earnings materials, can be accessed via WisdomTree's investor relations website at https://ir.wisdomtree.com. A replay of the webcast will be available shortly after the call.
Participants also can dial in using the following numbers: (877) 407-9210 or (201) 689-8049. Click here to access the participant international toll-free access numbers.
To avoid delays, we encourage participants to log in or dial into the conference call 10 minutes ahead of the scheduled start time.
About WisdomTree
WisdomTree is a modern global asset manager with capabilities across public markets, private markets, tokenization and onchain finance. We offer a diverse suite of exchange-traded products, models and solutions, private market investments and blockchain-enabled products and services, helping investors shape their financial future and financial professionals grow their businesses. Through WisdomTree Onchain(TM), we combine tokenized investment products, infrastructure and distribution capabilities into an integrated financial services platform serving retail and institutional investors.
WisdomTree currently has approximately $175.0 billion in assets under management globally, inclusive of assets managed by Ceres as of the last reportable period.
For more information about WisdomTree visit: https://www.wisdomtree.com.
For more information about WisdomTree Onchain, visit: https://www.wisdomtree.com/onchain.
Please visit us on X at @WisdomTreeNews.
WisdomTree(R) is the marketing name for WisdomTree, Inc. and its subsidiaries worldwide.
The WisdomTree Connect(TM) institutional platform and WisdomTree Prime(R) digital wallet and digital asset services are made available through WisdomTree Digital Movement, Inc., a federally registered money services business, state-licensed money transmitter and financial technology company (NMLS ID: 2372500) or WisdomTree Digital Trust Company, LLC, and may be limited where prohibited by law. WisdomTree Digital Trust Company, LLC is chartered as a limited purpose trust company by the New York State Department of Financial Services to engage in virtual currency business. Visit https://wisdomtreeconnect.com, https://www.wisdomtreeprime.com or the WisdomTree Prime mobile app for more information.
PRODUCTS AND SERVICES AVAILABLE VIA WISDOMTREE CONNECT AND WISDOMTREE PRIME:
NOT FDIC INSURED | NO BANK GUARANTEE | NOT A BANK DEPOSIT | MAY LOSE VALUE | NOT SIPC PROTECTED | NOT INSURED, ENDORSED, INDEMNIFIED OR GUARANTEED BY ANY GOVERNMENT AGENCY
References to third-party platforms, protocols, or use cases are provided for informational purposes only and do not constitute an endorsement, recommendation, or solicitation by WisdomTree or its affiliates. WisdomTree and its affiliates do not control or operate such third-party platforms or protocols and are not responsible for their operation or performance.
_______________________
(1) See "Non-GAAP Financial Measurements."
(2) Revenue yield is computed by dividing our annualized adjusted operating
revenues as reported in the GAAP to Non-GAAP Reconciliation herein by
our average AUM during the period.
(3) Adjusted operating margin is calculated as adjusted operating income
divided by total revenues. Adjusted operating income excludes
intangible asset amortization of $7.3 million for the nine months ended
September 30, 2026 (none in the prior year period) and
acquisition-related costs of $3.1 million and $4.4 million for the nine
months ended September 30, 2026 and 2025, respectively.
(4) Earnings per share ("EPS") is calculated pursuant to the two-class
method as it results in a lower EPS amount as compared to the treasury
stock method. In addition, the three months ended September 30, 2025
includes $0.7 million of stock repurchase excise taxes, which is
excluded from net income, but is required to be added to net income to
arrive at income available to common stockholders in the calculation of
EPS. This item is excluded from our EPS when computed on a non-GAAP
basis.
WISDOMTREE, INC. AND SUBSIDIARIES
KEY OPERATING STATISTICS
(Unaudited)
Three Months Ended
-------------------------------------------------------
Sept. 30, June 30, Mar. 31, Dec. 31, Sept. 30,
2026 2026 2026 2025 2025
--------- --------- --------- --------- -----------
GLOBAL PRODUCTS ($ in millions)
----------------------------------
Beginning of period assets $162,910 $152,556 $144,525 $137,175 $126,070
Add: Assets acquired--Ceres
acquisition -- -- -- 1,812 --
Add: Assets
acquired--Atlantic House
acquisition -- 4,137 -- -- --
Inflows/(outflows) 4,622 3,063 5,934 (283) 2,241
Market appreciation 3,453 3,154 2,097 5,821 8,864
------- ------- ------- ------- -------
End of period assets $170,985 $162,910 $152,556 $144,525 $137,175
======= ======= ======= ======= =======
Average assets during the
period $170,504 $164,150 $154,654 $140,686 $130,760
Average ETPs and tokenized
products during the period $168,466 $162,151 $152,716 $138,871 $130,760
Average ETP advisory fee
during the period 0.36% 0.36% 0.36% 0.35% 0.35%
Total revenue yield 0.42% 0.43% 0.42% 0.42% 0.38%
Revenue days 92 91 90 92 92
Number of products--end of
the period 434 428 414 405 397
ETPs AND ONCHAIN PRODUCTS
----------------------------------
U.S. LISTED ETFs ($ in
millions)
----------------------------------
Beginning of period assets $ 99,014 $ 90,946 $ 88,521 $ 88,293 $ 85,179
Inflows/(outflows) 2,382 1,079 2,643 (1,108) (445)
Market
appreciation/(depreciation) 240 6,989 (218) 1,336 3,559
------- ------- ------- ------- -------
End of period assets $101,636 $ 99,014 $ 90,946 $ 88,521 $ 88,293
======= ======= ======= ======= =======
Average assets during the
period $101,620 $ 96,585 $ 91,742 $ 88,074 $ 87,205
Number of ETFs--end of the
period 93 92 90 85 84
EUROPEAN LISTED ETPs ($ in
millions)
----------------------------------
Beginning of period assets $ 61,106 $ 58,758 $ 53,345 $ 48,290 $ 40,541
Add: Assets
acquired--Atlantic House
acquisition -- 4,137 -- -- --
Inflows 1,731 2,090 3,118 609 2,448
Market
appreciation/(depreciation) 3,184 (3,879) 2,295 4,446 5,301
------- ------- ------- ------- -------
End of period assets $ 66,021 $ 61,106 $ 58,758 $ 53,345 $ 48,290
======= ======= ======= ======= =======
Average assets during the
period $ 65,874 $ 64,649 $ 60,193 $ 50,102 $ 42,853
Number of ETPs--end of the
period 320 315 304 300 295
ONCHAIN AUM ($ in millions)
----------------------------------
Beginning of period assets $ 761 $ 867 $ 770 $ 592 $ 350
Inflows/(outflows) 509 (110) 98 179 238
Market
appreciation/(depreciation) 3 4 (1) (1) 4
------- ------- ------- ------- -------
End of period assets $ 1,273 $ 761 $ 867 $ 770 $ 592
======= ======= ======= ======= =======
Average assets during the
period $ 972 $ 917 $ 781 $ 695 $ 702
Number of products--end of
the period 19 19 19 19 18
PRIVATE ASSETS ($ in millions)
----------------------------------
Beginning of period assets $ 2,029 $ 1,985 $ 1,889 $ -- $ --
Add: Assets acquired--Ceres
acquisition -- -- -- 1,812 --
Inflows -- 4 75 37 --
Market appreciation 26 40 21 40 --
------- ------- ------- ------- -------
End of period assets $ 2,055 $ 2,029 $ 1,985 $ 1,889 $ --
======= ======= ======= ======= =======
Average assets during the
period $ 2,038 $ 1,999 $ 1,938 $ 1,815 $ --
Number of products--end of
the period 2 2 1 1 --
ETPs AND ONCHAIN PRODUCT
CATEGORIES ($ in millions)
----------------------------------
U.S. Equity
Beginning of period assets $ 46,371 $ 41,511 $ 41,427 $ 40,977 $ 38,617
Inflows 769 458 354 191 32
Market
appreciation/(depreciation) 57 4,402 (270) 259 2,328
------- ------- ------- ------- -------
End of period assets $ 47,197 $ 46,371 $ 41,511 $ 41,427 $ 40,977
======= ======= ======= ======= =======
Average assets during the
period $ 47,740 $ 44,884 $ 42,394 $ 41,161 $ 40,024
Commodity & Currency
Beginning of period assets $ 37,586 $ 40,310 $ 36,980 $ 31,705 $ 26,696
Inflows 1,009 1,890 35 177 1,096
Market
appreciation/(depreciation) 2,497 (4,614) 3,295 5,098 3,913
------- ------- ------- ------- -------
End of period assets $ 41,092 $ 37,586 $ 40,310 $ 36,980 $ 31,705
======= ======= ======= ======= =======
Average assets during the
period $ 41,206 $ 41,749 $ 41,458 $ 33,824 $ 28,162
International Developed
Market Equity
Beginning of period assets $ 32,219 $ 29,186 $ 25,616 $ 23,893 $ 21,725
(Outflows)/inflows (135) 749 3,495 1,147 478
Market appreciation 422 2,284 75 576 1,690
------- ------- ------- ------- -------
End of period assets $ 32,506 $ 32,219 $ 29,186 $ 25,616 $ 23,893
======= ======= ======= ======= =======
Average assets during the
period $ 32,909 $ 32,022 $ 29,349 $ 24,708 $ 22,481
Fixed Income
Beginning of period assets $ 22,658 $ 22,395 $ 21,074 $ 22,509 $ 22,543
Inflows/(outflows) 2,719 320 1,272 (1,358) (58)
Market
(depreciation)/appreciation (200) (57) 49 (77) 24
------- ------- ------- ------- -------
End of period assets $ 25,177 $ 22,658 $ 22,395 $ 21,074 $ 22,509
======= ======= ======= ======= =======
Average assets during the
period $ 23,862 $ 22,179 $ 21,187 $ 21,422 $ 23,128
Emerging Market Equity
Beginning of period assets $ 11,279 $ 10,143 $ 10,643 $ 10,855 $ 10,957
Outflows (106) (106) (206) (508) (250)
Market
(depreciation)/appreciation (80) 1,242 (294) 296 148
------- ------- ------- ------- -------
End of period assets $ 11,093 $ 11,279 $ 10,143 $ 10,643 $ 10,855
======= ======= ======= ======= =======
Average assets during the
period $ 11,248 $ 11,188 $ 10,902 $ 10,839 $ 10,874
Alternatives
Beginning of period assets $ 5,708 $ 1,580 $ 1,379 $ 1,155 $ 814
Add: Assets
acquired--Atlantic House
acquisition -- 4,137 -- -- --
Inflows 52 31 207 163 231
Market
appreciation/(depreciation) 92 (40) (6) 61 110
------- ------- ------- ------- -------
End of period assets $ 5,852 $ 5,708 $ 1,580 $ 1,379 $ 1,155
======= ======= ======= ======= =======
Average assets during the
period $ 5,865 $ 4,462 $ 1,620 $ 1,270 $ 929
Leveraged & Inverse
Beginning of period assets $ 3,464 $ 3,663 $ 3,275 $ 2,913 $ 2,631
Inflows/(outflows) 272 (354) 565 (15) (52)
Market
(depreciation)/appreciation (102) 155 (177) 377 334
------- ------- ------- ------- -------
End of period assets $ 3,634 $ 3,464 $ 3,663 $ 3,275 $ 2,913
======= ======= ======= ======= =======
Average assets during the
period $ 3,665 $ 3,772 $ 3,785 $ 3,097 $ 2,750
Cryptocurrency
Beginning of period assets $ 1,596 $ 1,783 $ 2,242 $ 3,168 $ 2,087
Inflows/(outflows) 42 71 137 (117) 764
Market
appreciation/(depreciation) 741 (258) (596) (809) 317
------- ------- ------- ------- -------
End of period assets $ 2,379 $ 1,596 $ 1,783 $ 2,242 $ 3,168
======= ======= ======= ======= =======
Average assets during the
period $ 1,971 $ 1,895 $ 2,021 $ 2,550 $ 2,412
Headcount 438 414 357 360 338
Note: Previously issued statistics may be restated due to fund closures and trade adjustments.
Source: WisdomTree
WISDOMTREE, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(in thousands, except per share amounts)
Sept. 30, Dec. 31,
2026 2025
----------- ----------
(Unaudited)
ASSETS
Current assets:
Cash, cash equivalents and restricted
cash $ 299,740 $ 311,732
Financial instruments owned, at fair
value 41,014 107,117
Accounts receivable 72,696 64,452
Prepaid expenses 11,326 7,338
Other current assets 2,304 1,723
--------- ---------
Total current assets 427,080 492,362
Fixed assets, net 548 431
Deferred tax assets, net -- 9,803
Investments 31,747 29,075
Right of use assets--operating leases 2,324 2,764
Goodwill 360,495 228,624
Intangible assets, net 823,447 748,957
Other noncurrent assets 1,445 925
--------- ---------
Total assets $1,647,086 $1,512,941
========= =========
LIABILITIES AND STOCKHOLDERS' EQUITY
LIABILITIES
Current liabilities:
Compensation and benefits payable $ 48,286 $ 52,435
Fund management and administration
payable 31,766 29,448
Payable to Gold Bullion Holdings
(Jersey) Limited ("GBH") 14,667 13,940
Income taxes payable 3,889 2,295
Operating lease liabilities 1,752 1,614
Convertible notes--current -- 149,604
Accounts payable and other liabilities 20,212 32,720
--------- ---------
Total current liabilities 120,572 282,056
Convertible notes--long term 1,058,716 804,203
Contingent consideration 13,697 11,844
Deferred tax liabilities 7,776 --
Operating lease liabilities--long term 582 1,166
--------- ---------
Total liabilities 1,201,343 1,099,269
STOCKHOLDERS' EQUITY
Common stock, par value $0.01; 400,000 shares
authorized:
Issued and outstanding: 151,154 and
140,713 at September 30, 2026 and
December 31, 2025, respectively 1,512 1,407
Additional paid-in capital 168,751 189,244
Accumulated other comprehensive (loss)/income (2,527) 2,227
Retained earnings 278,007 220,794
--------- ---------
Total stockholders' equity 445,743 413,672
--------- ---------
Total liabilities and stockholders' equity $1,647,086 $1,512,941
========= =========
WISDOMTREE, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
(Unaudited)
Nine Months Ended
September 30,
------------------------
2026 2025
---------- ------------
Cash flows from operating activities:
Net income $ 70,369 $ 69,107
Adjustments to reconcile net
income to net cash provided by
operating activities:
Advisory and license fees
paid in gold, other
precious metals and
cryptocurrency (69,127) (51,354)
Loss on repurchase of
convertible notes 68,925 13,011
Stock-based compensation 23,701 16,645
Depreciation and
amortization 9,539 1,735
Amortization of issuance
costs--convertible notes 3,546 2,151
Gains on financial
instruments owned, at fair
value (2,015) (1,914)
Increase in fair value of
contingent consideration 1,853 --
Deferred income taxes (1,512) 2,628
Amortization of right of use
asset 1,491 1,003
Imputed interest on payable
to GBH 727 1,405
Losses on investments 435 49
Changes in operating assets and
liabilities:
Accounts receivable (2,887) 582
Income taxes payable 1,294 (40)
Prepaid expenses (2,917) (2,351)
Gold and other precious
metals 69,733 49,686
Other assets (27) (482)
Fund management and
administration payable 2,614 (749)
Compensation and benefits
payable (8,412) (6,328)
Operating lease liabilities (1,480) (987)
Accounts payable and other
liabilities (12,705) (540)
-------- --------
Net cash provided by
operating activities 153,145 93,257
-------- --------
Cash flows from investing activities:
Purchase of financial instruments
owned, at fair value (20,512) (25,314)
Purchase of investments (3,107) (17,553)
Cash paid--software development (2,659) (2,015)
Purchase of fixed assets (252) (154)
Proceeds from the sale of
financial instruments owned, at
fair value 87,219 8,860
Cash paid--Atlantic House
acquisition, net of cash
acquired (197,488) --
-------- --------
Net cash used in
investing activities (136,799) (36,176)
-------- --------
Cash flows from financing activities:
Repurchase of convertible notes (542,545) (36,681)
Common stock repurchased (61,506) (102,732)
Dividends paid (13,451) (13,218)
Issuance costs--convertible notes (12,593) (11,064)
Proceeds from the issuance of
convertible notes 603,750 475,000
-------- --------
Net cash (used
in)/provided by
financing activities (26,345) 311,305
-------- --------
(Decrease)/increase in cash flow due to
changes in foreign exchange rate (1,993) 6,274
-------- --------
Net (decrease)/increase in cash, cash
equivalents and restricted cash (11,992) 374,660
Cash, cash equivalents and restricted
cash--beginning of year 311,732 181,191
-------- --------
Cash, cash equivalents and restricted
cash--end of period $ 299,740 $ 555,851
======== ========
Supplemental disclosure of cash flow
information:
Cash paid for income
taxes $ 35,060 $ 19,999
======== ========
Cash paid for interest $ 45,128 $ 15,198
======== ========
NON-GAAP FINANCIAL MEASUREMENTS
In an effort to provide additional information regarding our results as determined by GAAP, we also disclose certain non-GAAP information which we believe provides useful and meaningful information. Our management reviews these non-GAAP financial measurements when evaluating our financial performance and results of operations; therefore, we believe it is useful to provide information with respect to these non-GAAP measurements so as to share this perspective of management. Non-GAAP measurements do not have any standardized meaning, do not replace nor are they superior to GAAP financial measurements and are unlikely to be comparable to similar measures presented by other companies. These non-GAAP financial measurements should be considered in the context with our GAAP results. The non-GAAP financial measurements contained in this press release include the following:
Adjusted Operating Income, Operating Expenses, Income Before Income Taxes, Income Tax Expense, Net Income and Diluted Earnings per Share
We disclose adjusted operating income, operating expenses, income before income taxes, income tax expense, net income and diluted earnings per share as non-GAAP financial measurements in order to report our results exclusive of items that are non-recurring or not core to our operating business. We believe presenting these non-GAAP financial measurements provides investors with a consistent way to analyze our performance. These non-GAAP financial measurements exclude the following:
Gains or losses on financial instruments owned: We account for our financial instruments owned as trading securities, which requires these instruments to be measured at fair value with gains and losses reported in net income. We exclude these items when calculating our non-GAAP financial measurements as the gains and losses introduce earnings volatility and are not core to our operating business.
Foreign currency remeasurement gains and losses on U.S. dollars held by foreign subsidiaries: GAAP requires account balances to be remeasured into an entity's functional currency, with resulting gains and losses reported in net income. Foreign subsidiaries holding U.S. dollars remeasure these balances into their functional currencies and recognize the gains and losses. Also excluded are remeasurement gains on British pounds held to complete the Atlantic House acquisition. We exclude remeasurement effects from our non-GAAP financial measures, as they introduce earnings volatility, are not core to our operations and arise from balances denominated in our reporting currency.
Tax windfalls and shortfalls upon vesting of stock-based compensation awards: GAAP requires the recognition of tax windfalls and shortfalls within income tax expense. These items arise upon the vesting of stock-based compensation awards and the magnitude is directly correlated to the number of awards vesting/exercised, as well as the difference between the price of our stock on the date the award was granted and the date the award vested or was exercised. We exclude these items when calculating our non-GAAP financial measurements as they introduce earnings volatility and are not core to our operating business.
Remeasurement of contingent consideration arising from the Ceres acquisition: On October 1, 2025, we completed the Ceres acquisition for aggregate consideration consisting of (i) $275 million in cash payable at closing, subject to customary post-closing adjustments and (ii) contingent consideration of up to $225 million, payable in 2030, contingent upon Ceres achieving a compound annual growth rate in revenues of 12% to 22% during the measurement period of January 1, 2025 through December 31, 2029. GAAP requires contingent consideration to be re-measured each reporting period with changes in fair value reported in net income. We exclude changes in fair value of contingent consideration when calculating our non-GAAP financial measurements as these items are not core to our operating business.
Other items: Amortization of intangible assets, changes in deferred tax asset valuation allowance, imputed interest on our payable to Gold Bullion Holdings (Jersey) Limited ("GBH"), gains and losses recognized on our investments, losses related to convertible notes transactions and acquisition-related costs are excluded when calculating our non-GAAP financial measurements.
Adjusted Effective Income Tax Rate
We disclose our adjusted effective income tax rate as a non-GAAP financial measurement in order to report our effective income tax rate exclusive of items that are non-recurring or not core to our operating business. We believe reporting our adjusted effective income tax rate provides investors with a consistent way to analyze our income taxes. Our adjusted effective income tax rate is calculated by dividing adjusted income tax expense by adjusted income before income taxes. See above for information regarding the items that are excluded.
Gross Margin and Gross Margin Percentage
We disclose our gross margin and gross margin percentage as non-GAAP financial measurements because we believe they provide investors with a consistent way to analyze the amount we retain after paying third-party service providers to operate our ETPs. These measures also assist us in analyzing the profitability of our products. We define gross margin as total adjusted operating revenues less fund management and administration expenses. Gross margin percentage is calculated as gross margin divided by total adjusted operating revenues.
GAAP to NON-GAAP RECONCILIATION (CONSOLIDATED)
(in thousands)
(Unaudited)
Three Months Ended
-------------------------------------------------------
Adjusted Net Income and
Diluted Earnings per Sept. 30, June 30, Mar. 31, Dec. 31, Sept. 30,
Share: 2026 2026 2026 2025 2025
--------- --------- --------- --------- -----------
Net income/(loss), as
reported $ 49,216 $ 44,284 $(23,131) $ 40,026 $ 19,701
Add back:
Amortization of
intangible assets
arising from the
Ceres and Atlantic
House acquisitions,
net of income taxes 2,426 1,969 1,087 1,086 --
(Deduct)/add back:
(Decrease)/increase
in fair value of
contingent
consideration, net
of income taxes (1,566) 1,030 1,940 538 --
(Deduct)/add back:
(Decrease)/increase
in deferred tax
asset valuation
allowance on capital
losses (636) (1,615) 151 (1,237) (24)
Add back: Imputed
interest on payable
to GBH, net of
income taxes 189 183 179 285 364
(Deduct)/add back:
Foreign currency
remeasurement
(gains)/losses on
U.S. dollar
balances, net of
income taxes (98) 36 (435) (141) --
(Deduct)/add back:
(Gains)/losses on
financial
instruments owned,
net of income taxes (49) (2,143) 668 8 (810)
(Deduct)/add back:
(Gains)/losses
recognized on
investments, net of
income taxes (2) (11) 342 (75) 734
Add back: Losses
related to
convertible notes
transactions, net of
income taxes -- 6,572 62,280 505 12,763
Deduct: Foreign
currency
remeasurement gains
on British pounds
held to complete the
Atlantic House
acquisition, net of
income taxes -- (3,277) -- -- --
Add back:
Acquisition-related
costs, net of income
taxes -- 1,118 1,933 240 1,824
Deduct: Tax windfalls
upon vesting of
stock-based
compensation awards -- (66) (4,421) -- (76)
------- ------- ------- ------- -------
Adjusted net income $ 49,480 $ 48,080 $ 40,593 $ 41,235 $ 34,476
Weighted average common
shares--diluted 156,179 156,276 152,372 143,314 150,675
------- ------- ------- ------- -------
Adjusted earnings per
share--diluted $ 0.32 $ 0.31 $ 0.27 $ 0.29 $ 0.23
======= ======= ======= ======= =======
Three Months Ended
-------------------------------------------------------
Gross Margin and
Gross Margin Sept. 30, June 30, Mar. 31, Dec. 31, Sept. 30,
Percentage: 2026 2026 2026 2025 2025
--------- --------- --------- --------- -----------
Operating revenues $179,375 $177,160 $159,470 $147,434 $125,616
Deduct: Fund
management and
administration (30,532) (30,229) (24,880) (24,830) (22,353)
------- ------- ------- ------- -------
Gross margin $148,843 $146,931 $134,590 $122,604 $103,263
------- ------- ------- ------- -------
Gross margin
percentage 83.0% 82.9% 84.4% 83.2% 82.2%
======= ======= ======= ======= =======
Three Months Ended
--------------------------------------------------
Adjusted Operating Income Sept.
and Adjusted Operating 30, June 30, Mar. 31, Dec. 31, Sept. 30,
Income Margin: 2026 2026 2026 2025 2025
-------- -------- -------- -------- ----------
Operating revenues $179,375 $177,160 $159,470 $147,434 $125,616
------- ------- ------- ------- -------
Operating income 74,122 71,811 59,350 59,747 $ 45,654
Add back:
Amortization of
intangible assets
arising from the
Ceres and Atlantic
House acquisitions 3,221 2,612 1,435 1,434 --
Add back:
Acquisition-related
costs -- 1,118 1,933 317 2,409
------- ------- ------- ------- -------
Adjusted operating income $ 77,343 $ 75,541 $ 62,718 $ 61,498 $ 48,063
------- ------- ------- ------- -------
Adjusted operating income
margin 43.1% 42.6% 39.3% 41.7% 38.3%
======= ======= ======= ======= =======
Three Months Ended
-----------------------------------------------------
Adjusted Total Operating Sept. 30, June 30, Mar. 31, Dec. 31, Sept. 30,
Expenses: 2026 2026 2026 2025 2025
--------- --------- --------- -------- ----------
Total operating expenses $105,253 $105,349 $100,120 $87,687 $79,962
Deduct: Amortization
of intangible
assets arising from
the Ceres and
Atlantic House
acquisitions (3,221) (2,612) (1,435) (1,434) --
Deduct:
Acquisition-related
costs -- (1,118) (1,933) (317) (2,409)
------- ------- ------- ------ ------
Adjusted total operating
expenses $102,032 $101,619 $ 96,752 $85,936 $77,553
======= ======= ======= ====== ======
Three Months Ended
---------------------------------------------------
Sept.
Adjusted Income Before 30, June 30, Mar. 31, Dec. 31, Sept. 30,
Income Taxes: 2026 2026 2026 2025 2025
-------- -------- --------- -------- ----------
Income/(loss) before
income taxes $64,477 $58,547 $(14,582) $50,463 $29,517
Add back:
Amortization of
intangible assets
arising from the
Ceres and Atlantic
House acquisitions 3,221 2,612 1,435 1,434 --
(Deduct)/add back:
(Decrease)/increase
in fair value of
contingent
consideration (2,069) 1,360 2,562 710 --
Add back: Imputed
interest on payable
to GBH 249 242 236 377 481
(Deduct)/add back:
Foreign currency
remeasurement
(gains)/losses on
U.S. dollar
balances, net of
income taxes (132) 68 (566) (205) --
(Deduct)/add back:
(Gains)/losses on
financial
instruments owned (65) (2,831) 882 10 (1,070)
(Deduct)/add back:
(Gains)/losses
recognized on
investments (2) (15) 452 (99) 970
Add back: Losses
related to
convertible notes
transactions -- 6,623 62,302 833 13,011
Deduct: Foreign
currency
remeasurement gains
on British pounds
held to complete
the Atlantic House
acquisition, net of
income taxes -- (4,370) -- -- --
Add back:
Acquisition-related
costs -- 1,118 1,933 317 2,409
------ ------ ------- ------ ------
Adjusted income before
income taxes $65,679 $63,354 $ 54,654 $53,840 $45,318
====== ====== ======= ====== ======
Three Months Ended
--------------------------------------------------
Adjusted Income Tax
Expense and Adjusted Sept.
Effective Income Tax 30, June 30, Mar. 31, Dec. 31, Sept. 30,
Rate: 2026 2026 2026 2025 2025
-------- -------- -------- -------- ----------
Adjusted income before
income taxes (above) $65,679 $63,354 $54,654 $53,840 $45,318
------ ------ ------ ------ ------
Income tax expense $15,261 $14,263 $ 8,549 $10,437 $ 9,816
Add back: Tax benefit
of intangible asset
amortization arising
from the Ceres and
Atlantic House
acquisitions 795 643 348 348 --
Add back/(deduct):
decrease/(increase)
in deferred tax
asset valuation
allowance on capital
losses 636 1,615 (151) 1,237 24
(Deduct)/add back:
Tax
(expense)/benefit
arising from
(decrease)/increase
in fair value of
contingent
consideration (503) 330 622 172 --
Add back: Tax benefit
on imputed interest 60 59 57 92 117
(Deduct)/add back:
Tax
(expense)/benefit on
foreign currency
remeasurement
losses/(gains) on
U.S. dollar
balances (34) 32 (131) (64) --
(Deduct)/add back:
Tax
(expense)/benefit
arising from
(gains)/losses on
financial
instruments owned (16) (688) 214 2 (260)
Deduct: Tax expense
on foreign currency
remeasurement gains
on British pounds
held to complete the
Atlantic House
acquisition -- (1,093) -- -- --
Add back: Tax
windfalls upon
vesting of
stock-based
compensation awards -- 66 4,421 -- 76
Add back: Tax benefit
arising from
convertible notes
transactions -- 51 22 328 248
(Deduct)/add back:
Tax
(expense)/benefit on
(gains)/losses on
investments -- (4) 110 (24) 236
Add back: Tax benefit
on
acquisition-related
costs -- -- -- 77 585
------ ------ ------ ------ ------
Adjusted income tax expense $16,199 $15,274 $14,061 $12,605 $10,842
------ ------ ------ ------ ------
Adjusted effective income
tax rate 24.7% 24.1% 25.7% 23.4% 23.9%
====== ====== ====== ====== ======
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
This press release 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 may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should, " "expects," "intends," "plans," "anticipates," "believes," "estimates," "predicts," "potential," "continue" or the negative of these terms or other comparable terminology. These statements are only predictions. You should not place undue reliance on forward-looking statements because they involve known and unknown risks, uncertainties and other factors, which are, in some cases, beyond our control and could materially affect results. Factors that may cause actual results to differ materially from current expectations include, among other things, the risks described below. If one or more of these or other risks or uncertainties occur, or if our underlying assumptions prove to be incorrect, actual events or results may vary significantly from those implied or projected by the forward-looking statements. No forward-looking statement is a guarantee of future performance. You should read this press release completely and with the understanding that our actual future results may be materially different from any future results expressed or implied by these forward-looking statements.
In particular, forward-looking statements in this press release may include statements about:
-- anticipated trends, conditions and investor sentiment in the global
markets and ETPs;
-- anticipated levels of inflows into and outflows out of our ETPs;
-- our ability to deliver favorable rates of return to investors;
-- competition in our business;
-- whether we will experience future growth;
-- our ability to develop new products and services and their potential
for success;
-- our ability to maintain current vendors or find new vendors to provide
services to us at favorable costs;
-- our ability to successfully implement our WisdomTree Onchain(TM)
strategy relating to digital assets and blockchain-enabled financial
services and achieve its objectives;
-- our ability to successfully operate and expand our business in non-U.S.
markets;
-- the effect of laws and regulations that apply to our business;
-- the potential benefits arising from the Ceres and Atlantic House
acquisitions, including financial or strategic outcomes; and
-- our ability to successfully implement our strategic goals relating to
the acquisitions and integrate the acquired businesses.
Our business is subject to many risks and uncertainties, including without limitation:
-- declining prices of securities, gold and other precious metals and
other commodities and changes in interest rates and general market
conditions can adversely affect our business by reducing the market value
of the assets we manage or causing WisdomTree ETP investors to sell their
fund shares and trigger redemptions;
-- fluctuations in the amount and mix of our AUM, whether caused by
disruptions in the financial markets or otherwise, including but not
limited to events such as a pandemic or war, geopolitical conflicts,
political events, acts of terrorism and other matters beyond our control,
may negatively impact revenues and operating margins, and may impede our
ability to refinance our debt upon maturity or increase the cost of
borrowing upon a refinancing;
-- competitive pressures could reduce revenues and profit margins;
-- we derive a substantial portion of our revenues from a limited number
of products, and, as a result, our operating results are particularly
exposed to investor sentiment toward investing in the products'
strategies and our ability to maintain the AUM of these products, as well
as the performance of these products and market-specific and political
and economic risk;
-- a significant portion of our AUM is held in products with exposure to
U.S. and international developed markets, and we therefore have exposure
to domestic and foreign market conditions and are subject to currency
exchange rate risks;
-- withdrawals or broad changes in investments in our ETPs by investors
with significant positions may negatively impact revenues and operating
margins;
-- we face increased operational, regulatory, financial and other risks as
a result of conducting our business internationally, and as we expand our
digital assets product offerings and services beyond our existing ETP
business;
-- many of our ETPs have a limited track record, and poor investment
performance could cause our revenues to decline; and
-- we depend on third parties to provide many critical services to operate
our business and our ETPs. The failure of key vendors to adequately
provide such services could materially affect our operating business and
harm WisdomTree ETP investors.
Additional risks include those associated with the Ceres and Atlantic House acquisitions, including the risk that the integrations may be more difficult, time-consuming or costly than expected, or that expected benefits (including projected business growth, realization of synergies, or the ability to raise additional capital into the funds of the acquired businesses) may not be realized as anticipated. Other factors, such as general economic conditions, including currency exchange rate fluctuations, also may have an effect on the results of our operations. For a more complete description of the risks noted above and other risks that could cause our actual results to differ from our current expectations, see "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2025.
The forward-looking statements in this press release represent our views as of the date of this press release. We anticipate that subsequent events and developments may cause our views to change. However, while we may elect to update these forward-looking statements at some point in the future, we have no current intention of doing so except to the extent required by applicable law. Therefore, these forward-looking statements do not represent our views as of any date other than the date of this press release.
Category: Business Update
View source version on businesswire.com: https://www.businesswire.com/news/home/20261030615267/en/
CONTACT: Investor Relations
Jeremy Campbell
+1.917.267.3859
jeremy.campbell@wisdomtree.com
Media Relations
Jessica Zaloom
+1.917.267.3735
jzaloom@wisdomtree.com
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