WT
WisdomTree, Inc.11.66
-0.01-0.09%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Q&A flags thematics, tokenization upside
Q&A spotlighted Europe thematics as a market share hotspot, with rare earths exploding from $100 million to $700 million and strategic metals hitting $1.4 billion, alongside U.S. commodity underallocation. Management outlined tokenization scaling via WisdomTree Prime, Connect, and platform deals targeting stablecoin reserves, treasuries, collateral, and DeFi users—potentially WisdomTree's largest fund. Ceres drew praise for seamless integration and synergies poised to beat historical 6-7% inflows. Spending guidance tied to marketing and sales promised 50%+ incremental margins. Tokenization could eclipse all else. Confident vibe held; watch Europe share and digital adoption.
Key Stats
Market Cap
1.72BP/E (TTM)
18.22Basic EPS (TTM)
0.64Dividend Yield
0.01%Recent Filings
8-K
WisdomTree issues $604M notes
WisdomTree issued $603.75 million of 4.50% Convertible Senior Notes due 2031 on March 30, 2026, netting $591.2 million from the private offering. These senior unsecured notes, convertible at $21.58 per share initially, rank equally with existing convertibles and mature October 1, 2031. Holders can force repurchase on fundamental change. No redemption before April 6, 2028.
8-K
WisdomTree prices $604M convertibles
WisdomTree priced $525M of 4.50% convertible senior notes due 2031, upsized to $603.75M via full greenshoe exercise, netting ~$591.2M. Concurrently exchanged $75M 2026 notes for 6.81M shares and $0.7M cash, plus $275M 2029 notes for $302.7M cash and 4.19M shares—expecting $105M extinguishment loss. Proceeds fund Atlantic House acquisition and debt paydown. Hedged holders may spike stock trading.
8-K
WisdomTree notes offering launched
WisdomTree launched a $525.0 million private offering of convertible senior notes due 2031 on March 23, 2026, subject to market conditions. It plans to allocate $200.0 million of net proceeds to fund its pending Atlantic House acquisition, while exchanging up to $275.0 million of 2029 notes and $75.0 million of 2026 notes for cash and stock. Deal hinges on market reception.
8-K
WisdomTree acquires Atlantic House
WisdomTree signed a deal on March 13, 2026, to buy Atlantic House Holdings for £150 million ($200 million) cash at closing, targeting its £4.11 billion ($5.5 billion) AUM in defined outcome and derivatives strategies. This bolsters ETF innovation, UK models platform, and adviser ties, mirroring past integrations. Deal closes Q2 2026, pending approvals and financing. Risks include MAC events or financing failure, triggering £5 million penalty.
10-K
FY2025 results
WisdomTree closed FY2025 with AUM at $144.5B, up 31.6% y/y from $109.8B, fueled by $24.4B market gains and $8.5B net inflows (8% organic). Revenues hit $493.8M (+15.4% y/y) on higher average AUM ($126.3B) despite a dip to 0.35% advisory fee, while expenses rose 10% to $319.6M, lifting operating income 26.9% to $174.2M. Q4 accelerated with $147.4M revenues (up from Q3's $125.6M), $40M net income, and European ETPs at $53.3B (+74% y/y) on inflows and appreciation; U.S. ETFs hit $88.5B. Ceres farmland added $1.9B AUM post-October close, boosting revenue capture. Q4 repurchases paused; $250M remains authorized. Declining commodity prices could hit AUM.
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