Wisdomtree Financials
This page shows Wisdomtree (WT) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Revenue gains increasingly dropped through to profit and cash, revealing an asset-light model with expanding efficiency.
From FY2023 to FY2025, debt-to-equity climbed from 1.0x to 2.7x and liabilities rose by nearly$697M , yet interest expense fell from$15.2M to$1.8M while cash more than doubled to$311.7M . That mix suggests the balance sheet got larger without a matching rise in borrowing cost, so the raw leverage ratio overstates how much of the new funding behaves like traditional interest-bearing debt.
The margin expansion looks like fixed-cost absorption: from FY2023 to FY2025, revenue rose about
Cash conversion is clean and the model is light on maintenance spending: in FY2025, operating cash flow of
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Wisdomtree's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Wisdomtree has an operating margin of 35.3%, meaning the company retains $35 of operating profit per $100 of revenue. This strong profitability earns a score of 94/100, reflecting efficient cost management and pricing power. This is up from 32.1% the prior year.
Wisdomtree's revenue surged 15.4% year-over-year to $493.8M, reflecting rapid business expansion. This strong growth earns a score of 65/100.
Wisdomtree has a moderate D/E ratio of 2.66. This balance of debt and equity financing earns a leverage score of 48/100.
Wisdomtree's current ratio of 1.75 indicates adequate short-term liquidity, earning a score of 31/100. The company can meet its near-term obligations, though with limited headroom.
Wisdomtree converts 29.9% of revenue into free cash flow ($147.7M). This strong cash generation earns a score of 95/100.
Wisdomtree's ROE of 27.3% shows moderate profitability relative to equity, earning a score of 64/100. This is up from 16.7% the prior year.
Wisdomtree scores 2.55, placing it in the grey zone between 1.81 and 2.99. The score is driven primarily by a large market capitalization ($2.7B) relative to total liabilities ($1.1B). This signals moderate financial risk that warrants monitoring.
Wisdomtree passes 5 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Wisdomtree generates $1.31 in operating cash flow ($147.9M OCF vs $113.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Wisdomtree earns $97.8 in operating income for every $1 of interest expense ($174.2M vs $1.8M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
Wisdomtree generated $493.8M in revenue in fiscal year 2025. This represents an increase of 15.4% from the prior year.
Wisdomtree's EBITDA was $178.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 28.0% from the prior year.
Wisdomtree reported $113.0M in net income in fiscal year 2025. This represents an increase of 69.4% from the prior year.
Wisdomtree earned $0.75 per diluted share (EPS) in fiscal year 2025. This represents an increase of 127.3% from the prior year.
Cash & Balance Sheet
Wisdomtree generated $147.7M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 30.4% from the prior year.
Wisdomtree held $311.7M in cash against $0 in long-term debt as of fiscal year 2025.
Wisdomtree paid $0.12 per share in dividends in fiscal year 2025. This represents an increase of 0.0% from the prior year.
Wisdomtree had 141M shares outstanding in fiscal year 2025. This represents a decrease of 3.7% from the prior year.
Margins & Returns
Wisdomtree's operating margin was 35.3% in fiscal year 2025, reflecting core business profitability. This is up 3.2 percentage points from the prior year.
Wisdomtree's net profit margin was 22.9% in fiscal year 2025, showing the share of revenue converted to profit. This is up 7.3 percentage points from the prior year.
Wisdomtree's ROE was 27.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 10.6 percentage points from the prior year.
Capital Allocation
Wisdomtree spent $102.7M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 63.4% from the prior year.
Wisdomtree invested $215K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 52.5% from the prior year.
WT Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $159.5M+8.2% | $147.4M+17.4% | $125.6M+11.5% | $112.6M+4.2% | $108.1M-2.4% | $110.7M-2.2% | $113.2M+5.7% | $107.0M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $24.9M+0.2% | $24.8M+11.1% | $22.4M+5.2% | $21.3M+2.6% | $20.7M-9.4% | $22.9M+8.8% | $21.0M+4.3% | $20.1M |
| Operating Income | $59.4M-0.7% | $59.7M+30.9% | $45.7M+31.8% | $34.6M+1.4% | $34.2M-2.5% | $35.0M-14.1% | $40.8M+21.7% | $33.5M |
| Interest Expense | $235K+101.9% | -$12.6M-249.2% | $8.5M+54.2% | $5.5M+1106.6% | $455K+104.9% | -$9.3M-314.5% | $4.3M+25.0% | $3.5M |
| Income Tax | $8.5M-18.1% | $10.4M+6.3% | $9.8M+38.4% | $7.1M+23.6% | $5.7M-16.7% | $6.9M-17.5% | $8.4M+7.5% | $7.8M |
| Net Income | -$23.1M-152.7% | $43.9M+122.6% | $19.7M-20.5% | $24.8M+0.6% | $24.6M-9.8% | $27.3M+708.9% | -$4.5M-120.6% | $21.8M |
| EPS (Diluted) | $-0.17 | N/A | $0.13-23.5% | $0.170.0% | $0.17 | N/A | $-0.13-200.0% | $0.13 |
WT Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.8B+17.9% | $1.5B+4.6% | $1.4B+35.6% | $1.1B+4.3% | $1.0B-1.0% | $1.0B+1.4% | $1.0B+5.7% | $964.1M |
| Current Assets | $768.1M+56.0% | $492.4M-31.3% | $716.4M+104.3% | $350.7M+11.9% | $313.5M-1.5% | $318.4M+3.7% | $307.2M+20.6% | $254.7M |
| Cash & Equivalents | $625.5M+100.7% | $311.7M-43.9% | $555.9M+187.0% | $193.7M+13.7% | $170.4M-6.0% | $181.2M+2.7% | $176.5M+33.2% | $132.5M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $66.1M+2.6% | $64.5M+38.2% | $46.6M+8.3% | $43.1M-6.6% | $46.1M+2.8% | $44.9M | N/A | $42.7M |
| Goodwill | $228.6M0.0% | $228.6M+163.3% | $86.8M0.0% | $86.8M0.0% | $86.8M0.0% | $86.8M0.0% | $86.8M0.0% | $86.8M |
| Total Liabilities | $1.3B+19.1% | $1.1B+2.4% | $1.1B+72.7% | $621.8M+2.4% | $607.2M-4.2% | $633.6M-1.7% | $644.5M+67.0% | $386.0M |
| Current Liabilities | $168.1M-40.4% | $282.1M+10.9% | $254.4M+4.3% | $243.9M+197.9% | $81.9M-25.0% | $109.2M+2.6% | $106.5M+25.7% | $84.7M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $475.0M+14.8% | $413.7M+10.8% | $373.4M-16.1% | $445.1M+7.1% | $415.6M+3.9% | $400.0M+6.7% | $374.9M-15.9% | $445.6M |
| Retained Earnings | $193.4M-12.4% | $220.8M+19.4% | $185.0M+8.6% | $170.4M+13.6% | $150.0M+15.6% | $129.8M+21.4% | $106.9M-17.5% | $129.6M |
WT Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $18.0M-67.2% | $54.7M+13.7% | $48.1M+23.9% | $38.8M+509.2% | $6.4M-81.6% | $34.6M-27.5% | $47.7M+48.1% | $32.2M |
| Capital Expenditures | $28K-54.1% | $61K+64.9% | $37K-57.0% | $86K+177.4% | $31K+138.5% | $13K-50.0% | $26K-27.8% | $36K |
| Free Cash Flow | $17.9M-67.2% | $54.6M+13.7% | $48.0M+24.1% | $38.7M+510.8% | $6.3M-81.7% | $34.6M-27.5% | $47.7M+48.2% | $32.2M |
| Investing Cash Flow | $38.6M+114.0% | -$276.9M-1322.4% | -$19.5M-18.0% | -$16.5M-7609.3% | -$214K+96.9% | -$7.0M+3.2% | -$7.2M+38.6% | -$11.7M |
| Financing Cash Flow | $258.8M+1302.7% | -$21.5M-106.4% | $334.8M+7891.7% | -$4.3M+77.6% | -$19.2M-0.8% | -$19.1M-2628.0% | $754K+115.5% | -$4.9M |
| Dividends Paid | $4.7M+16.0% | $4.1M-4.8% | $4.3M0.0% | $4.3M-7.1% | $4.6M+8.7% | $4.3M-14.7% | $5.0M-0.2% | $5.0M |
| Share Buybacks | $25.0M | $0-100.0% | $90.0M | $0-100.0% | $12.7M | $0-100.0% | $55.0M | $0 |
WT Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | 37.2%-3.3pp | 40.5%+4.2pp | 36.3%+5.6pp | 30.8%-0.9pp | 31.6%-0.0pp | 31.6%-4.4pp | 36.0%+4.7pp | 31.3% |
| Net Margin | -14.5%-44.3pp | 29.8%+14.1pp | 15.7%-6.3pp | 22.0%-0.8pp | 22.8%-1.9pp | 24.7%+28.6pp | -4.0%-24.3pp | 20.3% |
| Return on Equity | -4.9%-15.5pp | 10.6%+5.3pp | 5.3%-0.3pp | 5.6%-0.4pp | 5.9%-0.9pp | 6.8%+8.0pp | -1.2%-6.1pp | 4.9% |
| Return on Assets | -1.3%-4.2pp | 2.9%+1.5pp | 1.4%-1.0pp | 2.3%-0.1pp | 2.4%-0.2pp | 2.6%+3.1pp | -0.4%-2.7pp | 2.3% |
| Current Ratio | 4.57+2.8 | 1.75-1.1 | 2.82+1.4 | 1.44-2.4 | 3.83+0.9 | 2.92+0.0 | 2.88-0.1 | 3.01 |
| Debt-to-Equity | 2.76+0.1 | 2.66-0.2 | 2.88+1.5 | 1.40-0.1 | 1.46-0.1 | 1.58-0.1 | 1.72+0.9 | 0.87 |
| FCF Margin | 11.2%-25.8pp | 37.0%-1.2pp | 38.3%+3.9pp | 34.4%+28.5pp | 5.9%-25.4pp | 31.2%-10.9pp | 42.1%+12.1pp | 30.1% |
Similar Companies
Frequently Asked Questions
What is Wisdomtree's annual revenue?
Wisdomtree (WT) reported $493.8M in total revenue for fiscal year 2025. This represents a 15.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Wisdomtree's revenue growing?
Wisdomtree (WT) revenue grew by 15.4% year-over-year, from $427.7M to $493.8M in fiscal year 2025.
Is Wisdomtree profitable?
Yes, Wisdomtree (WT) reported a net income of $113.0M in fiscal year 2025, with a net profit margin of 22.9%.
What is Wisdomtree's EBITDA?
Wisdomtree (WT) had EBITDA of $178.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Wisdomtree's operating margin?
Wisdomtree (WT) had an operating margin of 35.3% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Wisdomtree's net profit margin?
Wisdomtree (WT) had a net profit margin of 22.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Wisdomtree pay dividends?
Yes, Wisdomtree (WT) paid $0.12 per share in dividends during fiscal year 2025.
What is Wisdomtree's return on equity (ROE)?
Wisdomtree (WT) has a return on equity of 27.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Wisdomtree's free cash flow?
Wisdomtree (WT) generated $147.7M in free cash flow during fiscal year 2025. This represents a 30.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Wisdomtree's operating cash flow?
Wisdomtree (WT) generated $147.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Wisdomtree's total assets?
Wisdomtree (WT) had $1.5B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Wisdomtree's capital expenditures?
Wisdomtree (WT) invested $215K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Wisdomtree's current ratio?
Wisdomtree (WT) had a current ratio of 1.75 as of fiscal year 2025, which is generally considered healthy.
What is Wisdomtree's debt-to-equity ratio?
Wisdomtree (WT) had a debt-to-equity ratio of 2.66 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Wisdomtree's return on assets (ROA)?
Wisdomtree (WT) had a return on assets of 7.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Wisdomtree's Altman Z-Score?
Wisdomtree (WT) has an Altman Z-Score of 2.55, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Wisdomtree's Piotroski F-Score?
Wisdomtree (WT) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Wisdomtree's earnings high quality?
Wisdomtree (WT) has an earnings quality ratio of 1.31x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Wisdomtree cover its interest payments?
Wisdomtree (WT) has an interest coverage ratio of 97.8x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Wisdomtree?
Wisdomtree (WT) scores 66 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.