WisdomTree Reports 5.2% Revenue Growth to $112.6 Million in Q2 2025

WisdomTree, Inc. reported a total revenue of $112.6 million for the second quarter of 2025, reflecting a 5.2% increase from $107.0 million in the same period of the previous year. The company's advisory fees, which constitute a significant portion of its revenue, rose by 4.3% to $103.2 million, driven by higher average assets under management (AUM). Other revenues also saw a notable increase of 15.9%, reaching $9.4 million, attributed to improved performance from European listed exchange-traded products (ETPs). For the first half of 2025, WisdomTree's total revenue was $220.7 million, an 8.3% increase compared to $203.9 million in the first half of 2024.

Operating expenses for the second quarter increased by 6.1% to $78.0 million, primarily due to higher compensation costs associated with an increased headcount and acquisition-related expenses. Notably, the company incurred $2.0 million in acquisition-related costs linked to its planned acquisition of Ceres Partners, LLC, which is expected to close in the fourth quarter of 2025. The net income for the quarter was $24.8 million, up from $21.8 million in the prior year, resulting in diluted earnings per share of $0.17, compared to $0.13 in the same quarter of 2024.

As of June 30, 2025, WisdomTree managed approximately $126.1 billion in AUM, a significant increase from $109.7 billion a year earlier. The growth in AUM was supported by net inflows of $3.5 billion during the quarter and market appreciation of $6.8 billion. The company also expanded its product offerings, increasing the number of ETPs to 383, including 17 digital asset products. The headcount rose to 321 employees, up from 304 a year ago, reflecting the company's growth strategy.

The company’s balance sheet showed total assets of $1.07 billion as of June 30, 2025, with cash and cash equivalents increasing to $193.7 million from $181.2 million at the end of 2024. Total liabilities decreased slightly to $621.8 million, with convertible notes outstanding amounting to $520.8 million. WisdomTree's liquidity position remains strong, with available liquidity of $31.4 million after accounting for current liabilities and regulatory capital requirements.

Looking ahead, WisdomTree anticipates continued growth driven by its strategic initiatives, including the acquisition of Ceres Partners, which is expected to enhance its capabilities in alternative asset management. The company projects its compensation to revenue ratio to remain between 28% and 30% for the year, with an estimated effective tax rate of approximately 24% to 25%. The management remains optimistic about the potential for further expansion in both traditional and digital asset markets, aligning with evolving investor preferences and regulatory developments.