WisdomTree (WT) investor relations material

Executive summary

• Record AUM reached $171.0B at Sept. 30, up 5% QoQ; Q3 net inflows were $4.6B and YTD inflows were $13.6B, a 13% annualized organic growth rate.

• Q3 revenue rose 42.8% YoY to $179.4M; adjusted net income was $49.5M and adjusted diluted EPS was $0.32.

• Strategy spans public and private markets, tokenized products and onchain finance, with a focus on organic growth and operating leverage.

Financial highlights

• Q3 operating income was $74.1M versus $45.7M a year earlier; net income was $49.2M versus $19.7M.

• Nine-month revenue rose 49% YoY to $516.0M; adjusted operating income increased 81% to $215.6M.

• Nine-month adjusted net income was $138.2M versus $83.4M, and adjusted diluted EPS was $0.90 versus $0.57.

• Q3 average AUM rose 30.4% to $170.5B; average advisory fee increased to 0.36% from 0.35%.

Outlook and guidance

• FY26 discretionary spending guidance narrowed to $83M–$87M from $83M–$89M; YTD spending was $62.2M.

• Third-party distribution expense guidance narrowed to $21M–$23M; interest income guidance rose to $9M from $8M, while interest expense guidance remained $53M–$54M in reported guidance.

• Compensation-to-revenue guidance remained 26%–28%, gross margin 83%–84%, and normalized effective tax-rate guidance 23%–24%.

• Q4 diluted weighted-average shares were guided at 154M–160M, including potential convertible-note dilution and subject to the average share price.

• Long-term framework targets 50%+ incremental margins and 10%–20% accelerated EPS growth; private-asset ETF allocations are targeted for 2027.