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what it is
WisdomTree builds and sells exchange-traded funds, then collects fees as your money stays in those funds.
how it gets paid
Last year Wisdomtree made $494M in revenue. Fundamentally weighted equity ETFs was the main engine at $222M, or 45% of sales.
why it's growing
Revenue grew 15.4% last year. Revenue rose 176% vs. prior year, while EPS climbed 262%, based on the latest quarter figures provided from SEC-backed data.
what just happened
Revenue hit $346M and EPS reached $0.47, both sharply above the prior year.
At a glance
B+ balance sheet — decent shape, but not bulletproof
30/100 earnings predictability — expect surprises
21.0x trailing p/e — priced about right
0.8% dividend yield — cash in your pocket every quarter
10.9% return on capital — nothing to write home about
xvary composite: 55/100 — below average
What they do
WisdomTree builds and sells exchange-traded funds, then collects fees as your money stays in those funds.
WisdomTree is narrow on purpose. It focuses on ETFs, and 313 employees helped support $494M in annual revenue and a 35.3% operating margin. Operating margin → profit after running the business → so what: this is a small shop that keeps more of each dollar than many larger asset managers, which gives you cushion when markets get noisy.
How they make money
$494M
annual revenue · their business grew +15.4% last year
Fundamentally weighted equity ETFs
$222M
Fixed income and commodity ETFs
$99M
Currency and alternatives ETFs
$74M
Actively managed ETFs and models
$64M
Licensing and other asset-management fees
$35M
The products that matter
core asset management
exchange-traded funds
$158B AUM
this is the main engine. $158B in assets means fees rise with markets and net inflows. The catch: they fall with weaker markets and outflows too.
core fee engine
blockchain-based investing
tokenized assets platform
revenue not broken out
management talks about this as part of the future mix. This snapshot shows no revenue attached to it yet. In human-speak: it is still early, and the ETF business still pays the bills.
early-stage bet
private markets expansion
atlantic house acquisition
$200M deal
this is a $200M debt-funded bet layered onto $806M of long-term debt. Management says it should be modestly accretive in 2026. Now they have to prove it.
capital allocation test
Key numbers
$0.48
fy2024 eps est
$428M
fy2024 rev est
21.0x
trailing p/e
0.8%
dividend yield
Financial health
B+
strength
- balance sheet grade B+ — solid but not elite
- risk rank 3 — safer than 50% of stocks
- price stability 65 / 100
- long-term debt $806M (27% of capital)
B+ — functional but not a standout on the balance sheet.
Total return vs. market
Return history isn't available for WT right now.
source: institutional data · return history unavailable
What just happened
beat estimates
Revenue hit $346M and EPS reached $0.47, both sharply above the prior year.
Revenue rose 176% vs. prior year, while EPS climbed 262%, based on the latest quarter figures provided from SEC-backed data. The quieter detail is that full-year EPS for 2024 was $0.48, down from $0.64 in 2023, so one strong quarter does not erase the full-year slowdown.
$346M
revenue
$0.47
eps
35.3%
operating margin
the number that mattered
The number that mattered was 176% revenue growth, because asset managers live on fee revenue and that kind of jump changes the story faster than a one-quarter EPS pop.
source: company earnings report, 2026
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What could go wrong
WT's risk is specific: a debt-heavier balance sheet now sits under a business where revenue still moves with markets and investor flows.
high
atlantic house has to earn its keep
the acquisition costs $200M and is debt-funded. that sits on top of a company already carrying $806M of long-term debt.
if integration disappoints or the revenue contribution lands below expectations, the market stops caring about the strategic story and starts caring about debt service.
high
AUM is market-sensitive by definition
$158B of assets under management sounds sturdy until markets fall or clients pull money. Fee revenue does not need a recession to slow — it just needs lower asset values or weaker flows.
a lower AUM base pressures revenue even if management keeps costs under control.
med
the source data is not perfectly clean
this page shows a $428M annual revenue figure and a separate $494M reported revenue figure. those two numbers are both in the source set.
when the revenue base itself is fuzzy, you should put more weight on AUM, margin, and debt than on any one headline figure.
low
tokenization is still more story than segment
the platform is part of the pitch, but this snapshot provides no revenue figure for it.
if adoption stays niche, the business is still what the numbers say it is: an ETF fee machine with limited diversification.
between $806M of long-term debt and another $200M acquisition tab, WT has less margin for error than a 40% operating margin first suggests.
source: institutional data · regulatory filings · risk analysis
Pay attention to
flows
monthly AUM updates
2026-02 AUM was $158B. that number tells you more about next-quarter fee revenue than any prepared remark will.
balance sheet
atlantic house integration
the $200M acquisition was announced 2026-03-16. watch how quickly management ties it to earnings contribution versus added debt.
calendar
next earnings report
expected late april 2026. you want clarity on margin durability, integration costs, and whether fee growth came from markets, flows, or both.
profitability
40% operating margin
that margin keeps the story investable. if it slips while debt rises, the valuation case gets thinner fast.
Analyst rankings
earnings predictability
30 / 100
low predictability score. in human-speak, analysts do not expect a smooth, boring earnings profile here.
price stability
65 / 100
middle-of-the-road stability. your stock is not a bunker, but it is not built like a biotech either.
risk rank
3
around the market midpoint on risk. the business looks manageable, but debt keeps it from feeling sleepy.
source: institutional data
Institutional activity
institutional ownership data for WT is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$13
current price
n/a
target midpoint · n/a from current
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