WisdomTree (WT)
NYSE:WT
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WisdomTree
(NYSE:WT)
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Rating:66Neutral
Price Target:
$16.00
â–²(2.83% Upside)
Action:ReiteratedDate:03/26/26
The score is driven primarily by improving fundamentals (stronger growth, profitability, and expanding free cash flow) and a constructive earnings outlook tied to record AUM and operating leverage guidance. These positives are tempered by higher balance-sheet leverage and weak near-term technical momentum, while valuation is reasonable but not strongly discounted.
Positive Factors
Record AUM Scale
Sizable, growing AUM provides a durable revenue base because fees scale with assets and dilute fixed costs. Record and expanding AUM supports recurring advisory revenues, improves operating leverage potential and funds product/distribution investment over the medium term.
Negative Factors
Higher Balance-Sheet Leverage
A step-up in leverage increases interest and refinancing sensitivity, reducing financial flexibility during market stress. Elevated debt-to-equity raises the company’s earnings volatility exposure and constrains optionality for opportunistic investments or buybacks over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Record AUM Scale
Sizable, growing AUM provides a durable revenue base because fees scale with assets and dilute fixed costs. Record and expanding AUM supports recurring advisory revenues, improves operating leverage potential and funds product/distribution investment over the medium term.
Read all positive factors
WisdomTree (WT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.20B
Dividend Yield0.95%
Average Volume (3M)2.97M
Price to Earnings (P/E)15.7
Beta (1Y)1.10
Revenue Growth12.05%
EPS Growth120.13%
CountryUS
Employees315
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)0.29
Shares Outstanding141,616,700
10 Day Avg. Volume3,151,068
30 Day Avg. Volume2,973,393
Financial Highlights & Ratios
PEG Ratio0.12
Price to Book (P/B)4.14
Price to Sales (P/S)3.47
P/FCF Ratio11.47
Enterprise Value/Market Cap1.29
Enterprise Value/Revenue5.77
Enterprise Value/Gross Profit8.54
Enterprise Value/Ebitda16.47
Forecast
1Y Price Target
$17.69Price Target Upside13.69% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering5
EPS Forecast (FY)1.1
Revenue Forecast (FY)$648.27M
WisdomTree Business Overview & Revenue Model
Company Description
WisdomTree, Inc., through its subsidiaries, operates as an exchange-traded funds (ETFs) sponsor and asset manager. It offers ETFs in equities, currency, fixed income, and alternatives asset classes. The company also licenses its indexes to third p...
How the Company Makes Money
WisdomTree generates the majority of its revenue from investment advisory and management fees earned on assets under management (AUM) in its ETFs/ETPs and other managed products. These fees are typically charged as an annual expense ratio (or mana...
WisdomTree Key Performance Indicators (KPIs)
WisdomTree Earnings Call Summary
Earnings Call Date:Jan 30, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Apr 24, 2026
Earnings Call Sentiment Positive
The call emphasized broad-based and diversified growth: record and expanding AUM, strong organic inflows, meaningful revenue and operating margin expansion, and fast traction in metals, European listed products, models/SMAs and tokenization. Management updated guidance reflecting operating leverage (lower comp ratio range and improved gross margin) while outlining intentional incremental investments (higher discretionary spend) and noting a few near-term headwinds (seasonal Q1 comp, forecasting variability from performance fees, modest Q4 outflows, and potential dilution from convertible notes). On balance the positive operational and financial momentum, strategic product and distribution wins, and margin expansion materially outweigh the manageable near-term risks called out on the call.Positive Updates
Record and Rapidly Growing AUM
Assets under management ended the year at $144.5B (a record), up 5% from Q3 and over 30% year-over-year; global AUM subsequently reached $160.8B, up $16B or 11% from year-end driven by favorable markets and nearly $2B of net inflows to start the year.
Negative Updates
Modest Q4 Outflows and Flow Variability
Management noted modest outflows in Q4 despite strong full-year inflows, indicating some quarter-to-quarter flow volatility and sensitivity to market rotations and product demand.
Read all updates
Q4-2025 Updates
Positive
Negative
Record and Rapidly Growing AUM
Assets under management ended the year at $144.5B (a record), up 5% from Q3 and over 30% year-over-year; global AUM subsequently reached $160.8B, up $16B or 11% from year-end driven by favorable markets and nearly $2B of net inflows to start the year.
Read all positive updates
Company Guidance
For 2026 WisdomTree provided detailed financial guidance: they expect a compensation-to-revenue ratio of 26%–28% (a roughly 2 percentage‑point downward shift versus prior guidance) with first‑quarter comp running about 30% before stepping down to the annual range; discretionary spending of $80M–$86M (vs. $71M in 2025) primarily for marketing, sales/distribution and Ceres-related costs; gross margin of 82%–83% (vs. 81.9% in 2025) with upside as AUM grows; third‑party distribution expense of $17M–$19M (vs. $16M); interest expense of about $40M for the year (roughly $10.5M in Q1 and Q2, then about $9.5M per quarter in H2) and interest income of ~ $8M; an adjusted tax rate of ~24%; and weighted average diluted shares of 152M–157M (vs. 145M last year), which contemplates roughly $7M–$12M of incremental shares tied to convertible notes under recent stock price assumptions.WisdomTree Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
54
Neutral
Cash Flow
69
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 493.75M | 427.74M | 349.04M | 301.35M | 304.32M |
| Gross Profit | 356.07M | 306.46M | 168.16M | 138.69M | 157.24M |
| EBITDA | 177.97M | 117.37M | 136.41M | 56.11M | 71.69M |
| Net Income | 109.13M | 66.69M | 102.55M | 50.68M | 49.80M |
Balance Sheet | |||||
| Total Assets | 1.51B | 1.03B | 944.14M | 1.03B | 1.04B |
| Cash, Cash Equivalents and Short-Term Investments | 418.85M | 266.63M | 188.03M | 258.34M | 267.88M |
| Total Debt | 956.59M | 512.91M | 275.47M | 322.68M | 319.16M |
| Total Liabilities | 1.10B | 633.56M | 402.43M | 728.21M | 768.44M |
| Stockholders Equity | 413.67M | 399.98M | 541.71M | 305.61M | 269.42M |
Cash Flow | |||||
| Free Cash Flow | 149.24M | 113.32M | 83.34M | 54.87M | 75.03M |
| Operating Cash Flow | 149.46M | 113.46M | 85.60M | 55.09M | 75.32M |
| Investing Cash Flow | -313.03M | -23.88M | 82.05M | -37.66M | -99.63M |
| Financing Cash Flow | 288.28M | -36.00M | -171.64M | -22.78M | 92.55M |
WisdomTree Technical Analysis
Positive
15.56
Price Trends
15.78
Negative
14.07
Positive
13.49
Positive
Market Momentum
-0.31
Negative
51.46
Neutral
80.31
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For WT, the sentiment is Positive. The current price of 15.56 is above the 20-day moving average (MA) of 14.60, below the 50-day MA of 15.78, and above the 200-day MA of 13.49, indicating a neutral trend. The MACD of -0.31 indicates Negative momentum. The RSI at 51.46 is Neutral, neither overbought nor oversold. The STOCH value of 80.31 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for WT.
WisdomTree Risk Analysis
WisdomTree disclosed 63 risk factors in its most recent earnings report. WisdomTree reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
WisdomTree Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | $2.12B | 12.09 | 7024.00% | 0.08% | 21.53% | 42.18% | |
69 Neutral | $1.98B | 29.32 | 14.71% | 3.78% | 22.09% | 58.98% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
66 Neutral | $2.20B | 15.68 | 26.49% | 0.95% | 12.05% | 120.13% | |
65 Neutral | $2.65B | 25.54 | 3.20% | 3.21% | 21.37% | 17.19% | |
62 Neutral | $2.02B | 12.97 | -863.72% | 3.91% | 18.33% | 109.57% | |
55 Neutral | $908.05M | 8.05 | 15.20% | 5.41% | -3.07% | 18.00% |
* Financial Sector Average
WT
WisdomTree
15.56
7.17
85.53%
BBT
Beacon Financial Corporation
31.64
8.24
35.24%
VRTS
Virtus Investment Partners
135.62
-15.64
-10.34%
AAMI
Acadian Asset Management
59.43
33.41
128.41%
GCMG
GCM Grosvenor
9.97
-2.11
-17.48%
PAX
Patria Investments
12.39
2.39
23.89%
WisdomTree Corporate Events
Private Placements and Financing
WisdomTree Issues New Convertible Senior Notes Offering
Neutral
Mar 30, 2026
On March 30, 2026, WisdomTree, Inc. issued $603.75 million of 4.50% Convertible Senior Notes due 2031 in a private Rule 144A offering to qualified institutional buyers, generating approximately $591.2 million in net proceeds. The new senior unsecu...
Business Operations and StrategyM&A TransactionsPrivate Placements and Financing
WisdomTree Prices Convertible Notes Offering and Exchanges
Neutral
Mar 24, 2026
On March 23 and 24, 2026, WisdomTree, Inc. priced a private offering of $525 million of 4.50% convertible senior notes due 2031 and the initial purchasers exercised a $78.75 million greenshoe, bringing the total to $603.75 million, with settlement...
Business Operations and StrategyM&A TransactionsPrivate Placements and Financing
WisdomTree Launches $525 Million Convertible Notes Offering
Positive
Mar 23, 2026
On March 23, 2026, WisdomTree announced it had commenced a private offering of $525 million in convertible senior notes due 2031, targeted at qualified institutional buyers under Rule 144A. The company also signaled an option for initial purchaser...
Business Operations and StrategyM&A Transactions
WisdomTree Acquires Atlantic House to Expand ETF Platform
Positive
Mar 16, 2026
On March 13, 2026, WisdomTree agreed to acquire London-based Atlantic House Holdings Limited, a derivatives-focused, systematic investment manager with roughly £4.1 billion in assets, for £150 million in cash plus working capital adjustm...
Business Operations and StrategyDividendsFinancial Disclosures
WisdomTree Reports Record AUM and Strong Q4 2025 Results
Positive
Jan 30, 2026
On January 28, 2026, WisdomTree’s board declared a quarterly cash dividend of $0.03 per share, payable on February 25, 2026 to shareholders of record as of February 11, 2026, underscoring the company’s ongoing capital return to investo...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.