Wisdomtree Stock Earnings Reports

Key points for investors: WisdomTree reported record global AUM of $137.2 billion at quarter end (and just over $140 billion following the close of the Ceres acquisition), driven by $2.2 billion of Q3 net inflows and $8.8 billion year-to-date, implying an annualized organic growth pace of ~11%. Adjusted revenues were $125.6 million (up ~14.7% YoY) and adjusted net income was $34.5 million ($0.23 per share), excluding acquisition and financing items. Management closed the Ceres Partners acquisition (farmland/privates), which they say immediately increases revenue capture and operating margins by more than 200 bps, adds roughly $1.7–$1.8 billion of AUM (Ceres trailing 12-month revenues ~ $40M), and introduces private/alternative growth vectors (farmland, solar, data center optionality). WisdomTree reiterated stable expense guidance, expects full-year gross margin around 82% and Q4 gross margin to rise to ~83% factoring in Ceres. Interest expense rose due to convertible note financing; Q4 adjusted interest expense expected ~ $11M. Digital assets AUM is roughly $600–680M (peak near $900M earlier), driven mainly by the blockchain-enabled money market fund (WTGXX) used by stablecoin issuers and crypto-native treasuries; management plans tokenization and on-chain instant liquidity initiatives and is live on multiple blockchains. Gold strategies are a major growth driver (> $22B AUM, strong inflows). Model portfolios are growing fast (model AUM ~ $5.85B, +50% YTD). Management emphasis: disciplined expense management, scaling revenue capture, accelerating revenue growth, expanding privates and tokenization capabilities, and leveraging operating leverage for margin expansion.