WisdomTree, Inc.

Listed Company

WTCIK 0000880631NYSELarge AcceleratedSecurity Brokers, Dealers & Flotation CompaniesDelawareFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$109.13M

Total Assets

$1.51B

Equity

$413.67M

Shares Out

141.62M

Op. Cash Flow

$147.95M

Business

WisdomTree, Inc. is a global financial innovator that sponsors exchange-traded products and provides asset management and digital asset solutions. It offers a diverse suite of ETPs and ETFs, model portfolios, blockchain-enabled Digital Funds, tokenized assets, a blockchain-native wallet (WisdomTree Prime) and institutional access via WisdomTree Connect. The company operates as an ETP sponsor and investment manager with dedicated offerings for U.S. listed ETFs, European listed ETPs and digital asset platforms. Its products are distributed across banks, broker-dealers, registered investment advisers, institutional investors, private wealth managers, online brokers and direct-to-consumer channels.

Summary from filing dated 2025-02-26

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total revenues	494	428	349	—	—
Compensation and benefits	138	121	110	98	88
Fund management and administration	89	84	71	65	—
Marketing and advertising	21	21	17	15	14
Sales and business development	16	15	14	12	10
Contractual gold payments (Note 9)	—	—	6	17	—
Professional fees	13	21	19	14	8
Occupancy, communications and equipment	7	5	5	4	5
Depreciation and amortization	4	2	872,000	262,000	738,000
Third-party distribution fees	16	11	9	8	—
Acquisition-related costs	5	—	—	—	—
Other	12	11	10	9	7
Total operating expenses	320	290	262	241	215
Operating income	174	137	87	60	89
Interest expense	−30	−19	−15	−15	—
Gain on revaluation/termination of deferred considerationgold payments (Note 9)	—	—	62	—	—
Interest income	11	7	4	3	2
Impairments (Note 24)	—	—	−8	—	−16
Loss on extinguishment of convertible notes (Note 10)	−14	−31	−10	—	—
Remeasurement of contingent consideration	−710,000	—	—	—	—
Other gains/(losses), net	2	874,000	−2	−36	—
Income before income taxes	142	95	119	40	57
Income tax expense	33	29	16	−11	7
Net income	109	67	103	51	50
Earnings per sharebasic	0.77	0.34	0.66	0.31	0.31
Earnings per sharediluted	0.75	0.33	0.64	0.31	0.31
Weighted-average common sharesbasic (in Shares)	140	145	145	143,020	143,847
Weighted-average common sharesdiluted (in Shares)	145	159	170	158,914	161,263
Cash dividends declared per common share (in Dollars per share)	0.12	0.12	0.12	0.12	0.12

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash, cash equivalents and restricted cash (including $145,242 and $11,282 invested in WisdomTree Treasury Money Market Digital Fund at December 31, 2025 and 2024, respectively)	312	181	129	132	141
Financial instruments owned, at fair value (including $99,480 and $78,540 invested in WisdomTree products at December 31, 2025 and 2024, respectively)	107	85	59	126	127
Accounts receivable (including $55,432 and $34,959 due from related parties at December 31, 2025 and 2024, respectively)	64	45	35	31	32
Prepaid expenses	7	5	5	5	4
Other current assets	2	2	1	390,000	276,000
Total current assets	492	318	230	294	304
Fixed assets, net	431,000	336,000	427,000	544,000	557,000
Deferred tax assets, net	10	12	11	11	9
Investments (Note 7)	29	9	10	36	14
Right of use assetsoperating leases (Note 13)	3	880,000	563,000	1	520,000
Goodwill (Note 23)	229	87	87	86	86
Intangible assets, net (Note 23)	749	606	605	—	—
Other noncurrent assets	925,000	631,000	459,000	571,000	361,000
Total assets	1,513	1,034	944	1,034	1,038
Convertible notescurrent	150	—	—	—	—
Compensation and benefits payable	52	40	38	24	33
Fund management and administration payable	29	31	30	37	21
Payable to Gold Bullion Holdings (Jersey) Limited (GBH) (Note 12)	14	15	—	—	—
Operating lease liabilitiescurrent (Note 13)	2	709,000	578,000	1	209,000
Income taxes payable	2	724,000	4	2	4
Accounts payable and other liabilities	33	22	16	9	9
Total current liabilities	282	109	103	148	84
Convertible noteslong term (Note 10)	804	512	275	—	—
Contingent consideration	12	—	—	—	—
Operating lease liabilitieslong term (Note 13)	1	171,000	—	339,000	328,000
Payable to GBH (Note 12)	—	12	24	—	—
Total liabilities	1,099	634	402	596	636
Contingencies (Note 14)	—	—	—	—	—
Common stock, par value $0.01; 400,000 shares authorized; issued and outstanding: 140,713 and 146,102 at December 31, 2025 and 2024, respectively	1	1	2	1	1
Additional paid-in capital	189	270	312	292	290
Accumulated other comprehensive income/(loss)	2	−2	−548,000	−1	682,000
Retained earnings	221	130	96	14	−22
Total stockholders equity	414	400	409	306	269
Total liabilities and stockholders equity	1,513	1,034	944	1,034	1,038

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Advisory fees received in gold, other precious metals and cryptocurrency	−74	−53	−49	−2	−272,000
Stock-based compensation	22	21	16	10	10
Amortization of issuance costsconvertible notes	3	2	2	—	—
(Gains)/losses on financial instruments owned, at fair value	−2	−5	517,000	—	—
Imputed interest on payable to GBH	2	3	297,000	—	—
Amortization of right of use asset	2	1	1	963,000	2
Deferred income taxes	981,000	−398,000	−481,000	−1	316,000
Increase in fair value of contingent consideration	710,000	—	—	—	—
(Gains)/losses on investments	−50,000	1	242,000	—	—
Accounts receivable	−2	−9	−6	−720,000	−4
Prepaid expenses	−2	−107,000	−518,000	−808,000	−139,000
Gold, other precious metals and cryptocurrency	71	53	42	42	57
Other assets	−537,000	−247,000	281,000	−309,000	−394,000
Fund management and administration payable	−2	1	6	4	1
Compensation and benefits payable	8	2	1	4	10
Income taxes payable	2	−3	2	−2	—
Operating lease liabilities	−2	−1	−1	−965,000	—
Accounts payable and other liabilities	−5	3	6	−33,000	−1
Net cash provided by operating activities	148	113	86	55	75
Cash paidacquisition of Ceres Partners, LLC, net of cash acquired (Note 3)	−270	—	—	—	—
Purchase of financial instruments owned, at fair value	−32	−69	−57	−68	−116
Purchase of investments	−20	−674,000	−11	−22	—
Cash paidsoftware development	−3	−2	−2	—	—
Purchase of fixed assets	−215,000	−141,000	−113,000	−220,000	−293,000
Cash paidacquisition of Securrency Transfers, Inc. (net of cash acquired)	—	—	−985,000	—	—
Proceeds from the sale of financial instruments owned, at fair value	13	48	124	52	2
Proceeds from exiting investments	—	565,000	29	—	—
Proceeds from held-to-maturity securities maturing or called prior to maturity	—	24,000	29,000	—	—
Proceeds from receipt of contingent consideration related to the sale of Canadian ETF business	—	—	1	—	—
Net cash (used in)/provided by investing activities	−313	−24	82	−38	−100
Shares repurchased	−103	−63	−4	−3	−35
Repurchase and maturity of convertible notes	−39	−133	−184	—	—
Dividends paid	−17	−19	−20	−19	−19
Cash paid to GBH	−15	−15	—	—	—
Issuance costsconvertible notes	−11	−8	−4	—	—
Repurchase of Series A Preferred Stock	—	−144	—	—	—
Repurchase costsSeries A Preferred Stock	—	−132,000	—	—	—
Termination of deferred considerationgold payments	—	—	−50	—	—
Repurchase of Series C Preferred Stock	—	—	−40	—	—
Issuance costsSeries C Preferred Stock	—	—	−97,000	—	—
Proceeds from the issuance of convertible notes (Note 10)	475	345	130	—	—
Net cash provided by/(used in) financing activities	290	−36	−172	−23	93
Increase(decrease) in cash flow due to changes in foreign exchange rate	6	−2	1	−3	−955,000
Net increase/(decrease) in cash and cash equivalents	131	52	−3	−9	67
Cash paid for income taxes	30	32	16	13	8
Cash paid for interest	18	12	11	12	10

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