WisdomTree, Inc. Leases Disclosure
13. Leases
The Company has entered into operating leases for its office facilities (including its corporate headquarters) and equipment. The Company has no finance leases. The following table provides additional information regarding the Company’s leases:
| Years Ended December 31, | ||||||||
| 2025 | 2024 | |||||||
| Lease cost: | ||||||||
| Operating lease cost | $ | 1,527 | $ | 1,304 | ||||
| Short-term lease cost | 179 | 258 | ||||||
| Total lease cost | $ | 1,706 | $ | 1,562 | ||||
| Other information: | ||||||||
| Cash paid for amounts included in the measurement of operating liabilities (operating leases) | $ | 1,509 | $ | 1,320 | ||||
| Weighted-average remaining lease term (in years)—operating leases | 1.7 | 0.9 | ||||||
| Weighted-average discount rate—operating leases | 4.0% | 8.5% | ||||||
None of the Company’s leases include variable payments, residual value guarantees or any restrictions or covenants relating to the Company’s ability to pay dividends or incur additional financing obligations.
The following table discloses future minimum lease payments at December 31, 2025 with respect to the Company’s operating lease liabilities:
| 2026 | $ | 1,850 | ||
| 2027 | 996 | |||
| 2028 | 470 | |||
| Total future minimum lease payments (undiscounted) | $ | 3,316 |
The following table reconciles the future minimum lease payments (disclosed above) at December 31, 2025 to the operating lease liabilities recognized in the Company’s Consolidated Balance Sheets:
| Amounts recognized in the Company’s Consolidated Balance Sheets | ||||
| Lease liability—short term | $ | 1,614 | ||
| Lease liability—long term | 1,166 | |||
| Subtotal | 2,780 | |||
| Difference between undiscounted and discounted cash flows | 536 | |||
| Total future minimum lease payments (undiscounted) | $ | 3,316 | ||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 25, 2026 | Showing above |
| 2024 | Feb 26, 2025 | |
| 2023 | Feb 23, 2024 | |
| 2022 | Feb 28, 2023 | |
| 2021 | Feb 25, 2022 | |
| 2020 | Feb 19, 2021 | |
| 2019 | Feb 28, 2020 | |
About Leases Disclosures
Lease disclosures under ASC 842 provide a comprehensive view of a company's leased asset portfolio, including the split between operating and finance leases, discount rates used to present-value future payments, and the maturity schedule of lease obligations. This section reveals a significant source of off-balance-sheet commitments that were largely hidden before the current standard.
Key signals: the weighted-average discount rate affects the size of recorded lease liabilities — a higher rate reduces the reported obligation, so compare the chosen rate against the company's incremental borrowing rate. The operating versus finance lease mix affects both EBITDA and operating income presentation. Watch the maturity table for concentration risk: large payment cliffs in specific years may create cash flow pressure. Variable lease payments excluded from the liability measurement represent real obligations that do not appear on the balance sheet. Compare total lease costs against prior-year operating lease expense to assess the true economic burden.