[US Market News]

WisdomTree Appoints John Whelan as Head of Strategy for Digital Assets

June 1, 2026 6:00 AM
Business Wire

Appointment underscores firm’s commitment to leadership in the digital assets space, broadening offerings for retail and institutional investors onchain

WisdomTree, Inc. (NYSE: WT), a global financial innovator, today announced the appointment of John Whelan as Head of Strategy, Digital Assets.

Whelan brings nearly a decade of leadership in blockchain and digital assets from Banco Santander’s Corporate and Investment Bank, where he served as Managing Director of Digital Assets after building and leading the bank’s blockchain lab from 2016. He previously founded a Silicon Valley-backed blockchain startup focused on institutional credit ratings.

“John is joining WisdomTree at an exciting time for our digital assets business,” said Jonathan Steinberg, WisdomTree Founder and CEO. “As we continue to scale our digital assets business globally, John’s experience makes him an exceptional addition to our digital assets leadership team. WisdomTree is a leader in defining what the future looks like for financial infrastructure, and John will play a central role in that continued mission.”

Whelan will report to Will Peck, Head of Digital Assets at WisdomTree, and be a part of the Digital Assets Leadership team. Based in the U.S., John will lead business-unit strategy and drive key strategic initiatives, including oversight of strategic investment activities. He will collaborate closely with Business Development and Product teams on partnerships and product strategy, with a particular focus on deepening relationships with financial institutions and crypto firms and expanding WisdomTree’s footprint across Europe, Asia and Latin America. Drawing on deep expertise in stablecoins, cryptocurrency and global banking, Whelan will play a central role in helping WisdomTree drive AUM and wallet growth as the firm continues to scale its digital assets business.

“John’s experience and background in traditional banking and digital assets are precisely what we’re looking for as we accelerate the growth of WisdomTree digital assets across global markets,” said Will Peck, Head of Digital Assets at WisdomTree. “He understands the strategic and commercial realities of bringing onchain finance into institutions, and I’m excited to have him join our team and deepen our partnerships and expand our reach with financial institutions and crypto firms around the world.”

“I am honored to take on this role at such an exciting time for WisdomTree and the digital assets space,” said Whelan. “WisdomTree has built something genuinely differentiated in the digital assets ecosystem, and I’m thrilled to now be driving that mission alongside the team.”

About WisdomTree

WisdomTree is a global financial innovator, offering a diverse suite of exchange-traded products (ETPs), models and solutions, private market investments and digital asset-related products. Our offerings empower investors to shape their financial future and equip financial professionals to grow their businesses. Leveraging the latest financial infrastructure, we create products that emphasize access and transparency and provide an enhanced user experience. Building on our heritage of innovation, we offer next-generation digital products and services related to tokenized real world assets and stablecoins, as well as our institutional platform, WisdomTree Connect™, and blockchain-native digital wallet, WisdomTree Prime^®*, and have expanded into private markets through the acquisition of Ceres Partners’ U.S. farmland platform.

* The WisdomTree Connect institutional platform and WisdomTree Prime digital wallet and digital asset services are made available through WisdomTree Digital Movement, Inc., a federally registered money services business, state-licensed money transmitter and financial technology company (NMLS ID: 2372500) or WisdomTree Digital Trust Company, LLC, and may be limited where prohibited by law. WisdomTree Digital Trust Company, LLC is chartered as a limited purpose trust company by the New York State Department of Financial Services to engage in virtual currency business. Visit https://wisdomtreeconnect.com, https://www.wisdomtreeprime.com or the WisdomTree Prime mobile app for more information.

WisdomTree currently has approximately $168.7 billion in assets under management globally, inclusive of assets managed by Ceres Partners, LLC as of the last reportable period.

For more information about WisdomTree, WisdomTree Connect and WisdomTree Prime, visit: https://www.wisdomtree.com.

Please visit us on X at @WisdomTreeNews.

WisdomTree^® is the marketing name for WisdomTree, Inc. and its subsidiaries worldwide.

PRODUCTS AND SERVICES AVAILABLE VIA WISDOMTREE CONNECT AND WISDOMTREE PRIME:
NOT FDIC INSURED | NO BANK GUARANTEE | NOT A BANK DEPOSIT | MAY LOSE VALUE | NOT SIPC PROTECTED | NOT INSURED BY ANY GOVERNMENT AGENCY

The products and services available through WisdomTree Connect and the WisdomTree Prime app are not endorsed, indemnified or guaranteed by any regulatory agency.

Category: Business Update

View source version on businesswire.com: https://www.businesswire.com/news/home/20260601987207/en/

Contact Information
Media Relations
WisdomTree, Inc.
Jessica Zaloom
+1.917.267.3735
[e-mail]

Investor Relations
WisdomTree, Inc.
Jeremy Campbell
+1.917.267.3859
[e-mail]

Original: WisdomTree Appoints John Whelan as Head of Strategy for Digital Assets

[US Market News]

WisdomTree Launches Physical AI, Humanoids, and Drones Fund (WDRN)

May 14, 2026 8:00 AM
Business Wire

New ETF provides exposure to companies enabling AI deployment in the physical world

WisdomTree, Inc. (“WisdomTree”) (NYSE: WT), a global financial innovator, today announced the launch of the WisdomTree Physical AI, Humanoids, and Drones Fund (WDRN), listed on the Cboe BZX Exchange, Inc., (CBOE), with an expense ratio of 0.45%. The launch comes at a pivotal moment for artificial intelligence (AI), as the technology evolves beyond digital applications to enable physical AI activities (“Physical AI Activities”), powering machines that can perceive, make decisions, and execute tasks autonomously in the physical world. This shift marks a transition from AI as a tool for generating information to a system capable of driving real-world outcomes.

WDRN is designed to track the price and yield performance, before fees and expenses, of the WisdomTree Physical AI, Humanoids, and Drones Index (the “Index”). The Index is designed to provide exposure to global companies involved in Physical AI Activities, including humanoid and collaborative robots, autonomous drones and vehicles, AI-enabled manufacturing systems, warehouse and supply chain automation, and intelligent machines across sectors such as healthcare, construction, agriculture, and defense.

“Over the past several years, AI has largely been confined to the digital world, generating content, analyzing data, and assisting with decision-making. What’s changing now is that AI is beginning to operate in the physical world as advances in models, computing, and robotics come together. We see this as a meaningful turning point in the AI journey,” said Christopher Gannatti, Global Head of Research at WisdomTree. “This shift is already taking shape across autonomous vehicles, next-generation factories, and the growing role of drones in modern conflict. As capital flows accelerate across semiconductors, automation, and industrial infrastructure, we believe Physical AI is emerging as an important new investment cycle with the potential to reshape how intelligence is deployed across the global economy, with WDRN designed to provide investors with exposure to companies at the intersection of this evolving segment of the AI ecosystem.”

WDRN: What’s Under the Hood?

• Targeted Physical AI Exposure: The strategy emphasizes companies applying AI in physical environments, including humanoid robotics, drones and autonomous mobility, smart manufacturing, logistics and supply chain robotics, and emerging applications of robotics.
• Innovation Profile: Exposure spans five key verticals across the Physical AI value chain, including humanoid robotics, drones and autonomous mobility, smart manufacturing, logistics and supply chain robotics, and emerging applications of robotics, providing access to companies across different geographies, market capitalizations, and stages of development.
• Differentiation from Core Technology: The strategy spans multiple sectors, reflecting the application of AI across industries beyond traditional technology segments.
• Systematic, Rules-Based Construction: The Index follows a rules-based methodology with quarterly rebalancing, helping to keep exposure aligned with developments across the Physical AI ecosystem.

The launch of WDRN reflects WisdomTree’s continued focus on developing thematic strategies aligned with structural shifts shaping the global economy.

Read more about the WisdomTree Physical AI, Humanoids, and Drones Fund (WDRN) here.

Investors should carefully consider the investment objectives, risks, charges and expenses of the Fund’s before investing. For a prospectus or, if available, the summary prospectus containing this and other important information about the Fund’s call 866.909.9473 or visit WisdomTree.com/investments. Read the prospectus or, if available, the summary prospectus carefully before investing.

Physical AI, Humanoids, and Drones Fund (WDRN)

There are risks associated with investing, including possible loss of principal. Companies engaged in Physical AI Activities are subject to unique regulatory, operational and technological risks, such as intense competition and potentially rapid product obsolescence. The regulation of such companies in the United States and other countries is diverse and rapidly evolving, which may inhibit or delay adoption. These companies are also heavily dependent on intellectual property rights and may be adversely affected by loss or impairment of those rights. Companies engaged in Physical AI Activities typically invest significant amounts of spending on research and development, and there is no guarantee that the products or services produced by these companies will be successful. Humanoid robotics companies are sensitive to trends in industrial production, capital-expenditure cycles, supply-chain conditions, and adoption rates of automation technologies across varied sectors including business and industrial end-users. Humanoid robotics companies may have long and capital-intensive development timelines, highly uncertain paths to profitability and large-scale deployment, and limited product lines, markets, financial resources or personnel. Drone companies may be dependent on the U.S. Government and its agencies for a significant portion of their revenues, and the commercial and military adoption of drone technologies remains subject to extensive and evolving governmental oversight, including aviation safety standards, airworthiness certification requirements, export controls, and national security reviews. A fund that has a portfolio that is concentrated in the securities of issuers in a particular industry or group of related industries, may be adversely affected by the performance of those securities, and more susceptible to adverse economic, market, political, or regulatory occurrences affecting that industry or group of related industries.

Investments in non-U.S. securities involve political, regulatory, and economic risks that may not be present in U.S. securities. For example, foreign securities may be subject to risk of loss due to foreign currency fluctuations, political or economic instability, or geographic events that adversely impact issuers of foreign securities. Investments in securities and instruments traded in developing or emerging markets, or that provide exposure to such securities or markets, can involve additional risks relating to political, economic, or regulatory conditions not associated with investments in U.S. securities and instruments or investments in more developed international markets.

The Fund invests in the securities included in, or representative of, its Index regardless of their investment merit and the Fund does not attempt to outperform its Index. The composition of the Index is governed by an Index Committee and the Index may not perform as intended. Please read the Fund’s prospectus for specific details regarding the Fund’s risk profile.

WisdomTree Funds are distributed in the U.S. by Foreside Fund Services, LLC. Foreside Fund Services, LLC, is not affiliated with the other entities mentioned.

Christopher Gannatti is a registered representative of Foreside Fund Services, LLC.

About WisdomTree

WisdomTree is a global financial innovator, offering a diverse suite of exchange-traded products (ETPs), models and solutions, private market investments and digital asset-related products. Our offerings empower investors to shape their financial future and equip financial professionals to grow their businesses. Leveraging the latest financial infrastructure, we create products that emphasize access and transparency and provide an enhanced user experience. Building on our heritage of innovation, we offer next-generation digital products and services related to tokenized real world assets and stablecoins, as well as our institutional platform, WisdomTree Connect™, and blockchain-native digital wallet, WisdomTree Prime^®*, and have expanded into private markets through the acquisition of Ceres Partners’ U.S. farmland platform.

* The WisdomTree Connect institutional platform and WisdomTree Prime digital wallet and digital asset services are made available through WisdomTree Digital Movement, Inc., a federally registered money services business, state-licensed money transmitter and financial technology company (NMLS ID: 2372500) or WisdomTree Digital Trust Company, LLC, and may be limited where prohibited by law. WisdomTree Digital Trust Company, LLC is chartered as a limited purpose trust company by the New York State Department of Financial Services to engage in virtual currency business. Visit https://wisdomtreeconnect.com, https://www.wisdomtreeprime.com or the WisdomTree Prime mobile app for more information.

WisdomTree currently has approximately $168.9 billion in assets under management globally, inclusive of assets managed by Ceres Partners, LLC and Atlantic House Holdings Limited as of the last reportable period.

For more information about WisdomTree, WisdomTree Connect and WisdomTree Prime, visit: https://www.wisdomtree.com.

Please visit us on X at @WisdomTreeNews.

WisdomTree^® is the marketing name for WisdomTree, Inc. and its subsidiaries worldwide.

PRODUCTS AND SERVICES AVAILABLE VIA WISDOMTREE CONNECT AND WISDOMTREE PRIME:
NOT FDIC INSURED | NO BANK GUARANTEE | NOT A BANK DEPOSIT | MAY LOSE VALUE | NOT SIPC PROTECTED | NOT INSURED BY ANY GOVERNMENT AGENCY

The products and services available through WisdomTree Connect and the WisdomTree Prime app are not endorsed, indemnified or guaranteed by any regulatory agency.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260514860387/en/

Media Relations
WisdomTree, Inc.
Jessica Zaloom
+1.917.267.3735
[e-mail] Natasha Ramsammy
+1.917.267.3798
[e-mail] / [e-mail]

Original: WisdomTree Launches Physical AI, Humanoids, and Drones Fund (WDRN)

[US Market News]

WisdomTree Announces First Quarter 2026 Results

May 1, 2026 7:00 AM
Business Wire

Record AUM of $152.6 Billion

Diluted Loss Per Share of ($0.17); Adjusted Earnings Per Share of $0.27

17% Annualized Organic Flow Growth Rate

Operating Margin Expanded by 560 bps Year over Year; or 770 bps, on an Adjusted Basis

WisdomTree, Inc. (NYSE: WT), a global financial innovator, today reported financial results for the first quarter of 2026.

($23.1) million of net loss ($40.6⁽¹⁾ million of net income, as adjusted), including a loss on extinguishment of convertible notes of $62.3 million, comprised of a loss on extinguishment of $16.9 million associated with the repurchase of $75.0 million in aggregate principal amount of our 3.25% convertible senior notes due 2026 (the “2026 Notes”) and a $45.4 million inducement expense related to the repurchase of $275.0 million in aggregate principal amount of our 3.25% convertible senior notes due 2029 (the “2029 Notes”). See “Non-GAAP Financial Measurements” for additional information.

$152.6 billion of ending AUM, an increase of 5.6% from the prior quarter arising primarily from net inflows and market appreciation.

$5.9 billion of net inflows, primarily driven by inflows into our international developed equity, fixed income and leveraged and inverse products across the United States and Europe.

0.36% average advisory fee, a 1 basis point increase from the prior quarter.

0.42% revenue yield⁽²⁾, unchanged from the prior quarter.

$159.5 million of operating revenues, an increase of 8.2% from the prior quarter due to higher average AUM and higher other revenues attributable to our European listed exchange-traded products (“ETPs”).

84.4% gross margin⁽¹⁾, a 1.2 point increase from the prior quarter primarily due to higher revenues.

37.2% operating income margin (39.3%⁽¹⁾ as adjusted), a 3.3 point decrease (2.4 point decrease, as adjusted) from the prior quarter primarily due to seasonally higher compensation expense.

$603.75 million issuance of convertible senior notes due 2031 (the “2031 Notes”), bearing interest at a rate of 4.50% and issued with a conversion price of $21.58 per share. Concurrent with the issuance of the 2031 Notes, we completed separate, privately negotiated transactions with certain holders of our outstanding 2026 Notes (conversion price of $11.04 per share) to exchange $75.0 million in aggregate principal amount of the 2026 Notes for approximately 6.81 million shares of our common stock and with certain holders of our outstanding 2029 Notes (conversion price of $11.82 per share) to exchange $275.0 million in aggregate principal amount of the 2029 Notes for approximately $302.7 million in cash and approximately 4.19 million shares of common stock.

$0.03 quarterly dividend declared, payable on May 27, 2026 to stockholders of record as of the close of business on May 13, 2026.

Update from Jarrett Lilien, WisdomTree President and COO

“This was another quarter of consistent, broad-based execution, with nearly $6 billion of net inflows and continued momentum across the business. What stands out most is the quality and breadth of those flows, with clients engaging across asset classes, geographies and use cases. That speaks to the strength of our platform and our ability to generate growth across market environments. We are not reliant on any single product or theme – our business is becoming increasingly diversified, resilient and positioned to scale.”

Update from Jonathan Steinberg, WisdomTree CEO

“We delivered another quarter of strong execution in a volatile environment, reinforcing the strength of a business that is becoming more diversified, more durable and increasingly capable of compounding growth over time. Our strategy is centered on building a high-quality growth platform – combining organic momentum with disciplined, strategic acquisitions like Ceres Partners and Atlantic House that expand our capabilities, enhance our economics and accelerate our long-term trajectory. We believe this positions WisdomTree to deliver sustained growth, margin expansion and increasing earnings power.”

OPERATING AND FINANCIAL HIGHLIGHTS

	Three Months Ended
	Mar. 31, 2026			Dec. 31, 2025			Sept. 30, 2025			June 30, 2025			Mar. 31, 2025
Consolidated Operating Highlights ($ in billions):
AUM—end of period	$	152.6		$	144.5		$	137.2		$	126.1		$	115.8
Net inflows/(outflows)	$	5.9		$	(0.3	)	$	2.2		$	3.5		$	3.1
Average AUM	$	154.7		$	140.7		$	130.8		$	119.2		$	114.6
Average advisory fee		0.36%			0.35%			0.35%			0.35%			0.35%
Revenue yield(2)		0.42%			0.42%			0.38%			0.38%			0.38%
Consolidated Financial Highlights ($ in millions, except per share amounts):
Operating revenues	$	159.5		$	147.4		$	125.6		$	112.6		$	108.1
Net (loss)/income	$	(23.1	)	$	40.0		$	19.7		$	24.8		$	24.6
Diluted (loss)/earnings per share	$	(0.17	)	$	0.28		$	0.13		$	0.17		$	0.17
Operating income margin		37.2%			40.5%			36.3%			30.8%			31.6%
As Adjusted (Non-GAAP(1)):
Operating revenues, as adjusted	$	159.5		$	147.4		$	125.6		$	112.6		$	108.1
Gross margin		84.4%			83.2%			82.2%			81.1%			80.8%
Net income, as adjusted	$	40.6		$	41.2		$	34.5		$	25.9		$	23.0
Diluted earnings per share, as adjusted	$	0.27		$	0.29		$	0.23		$	0.18		$	0.16
Operating income margin, as adjusted		39.3%			41.7%			38.3%			32.5%			31.6%

RECENT BUSINESS DEVELOPMENTS

Company News In February 2026, WisdomTree launched 24/7 trading and instant settlement capabilities for the WisdomTree Treasury Money Market Digital Fund (WTGXX), marking the first time registered tokenized mutual fund shares have been permitted to trade and instantly settle 24/7 within the U.S. regulatory perimeter via a dealer-principal liquidity model. Our digital money market fund (WTGXX) continues to gain traction across new applications, with third parties exploring both real-world and on-chain use cases: In March 2026, WTGXX was included in a first-of-its-kind payroll pilot conducted by Plume and Toku, allowing employees to elect to receive a portion of compensation in yield-bearing fund shares and demonstrating how tokenized assets may interact with payroll workflows; In April 2026, WTGXX was referenced as part of the reserve framework for LotusUSD within Lotus’ DeFi lending protocol, reflecting one of the early instances of a money market fund being referenced within decentralized finance infrastructure; and In April 2026, WTGXX was made available through Stable Sea’s platform, expanding access for businesses to access the fund within treasury and cash management workflows. In March 2026, WisdomTree and Halo Investing, Inc. collaborated to launch a first-of-its-kind defined outcome SMA strategy, expanding access to innovative advisor solutions. Also in March 2026, we entered into a definitive agreement to acquire Atlantic House Holdings Limited (“Atlantic House”), a London-based active manager specializing in defined outcome and derivatives-driven investment strategies; and we completed a private offering of $603.75 million in aggregate principal amount of our 2031 Notes and concurrently repurchased $75.0 million in aggregate principal amount of our 2026 Notes for approximately 6.81 million shares of our common stock and $275.0 million in aggregate principal amount of our 2029 Notes for approximately $302.7 million in cash and approximately 4.19 million shares of our common stock, and used approximately $200.0 million of the proceeds to finance the Atlantic House acquisition. On May 1, 2026, we completed the Atlantic House acquisition, expanding our global ETF lineup with defined outcome and derivatives capabilities. Product News From February 2026 through April 2026, we launched the following products: In Europe, we launched WisdomTree Physical AI, Humanoids and Drones UCITS ETF (WPAI), WisdomTree India Earnings UCITS ETF (EPI), WisdomTree Europe Infrastructure UCITS ETF (WBLD), WisdomTree Tech Megatrends UCITS ETF (TMGT), WisdomTree Asia Defence UCITS ETF (WDAF), WisdomTree Global Defence UCITS ETF (WDGF) and WisdomTree True Emerging Markets UCITS ETF (WEM) on the London Stock Exchange, Börse Xetra, and Borsa Italiana; and During the same period, in the U.S. we launched WisdomTree U.S. Adaptive Moving Average Fund (WAMA) and International Adaptive Moving Average Fund (WIMA), both listed on the NASDAQ; and WisdomTree Efficient U.S. Plus International Equity Fund (NTSD) on the New York Stock Exchange (NYSE). From February through March 2026, we cross-listed the following products: WisdomTree Physical Bitcoin (WBTC), WisdomTree Physical Ethereum (WETH), WisdomTree Physical XRP (WXRP), WisdomTree Physical Solana (SOLW), WisdomTree Physical Stellar Lumens (WXLM), WisdomTree Physical Lido Staked Ether (LSTE), WisdomTree Physical Crypto Altcoins (ALTC) and WisdomTree Physical CoinDesk 20 (WCRX) on Borsa Italiana; WisdomTree Global Ex-USA Quality Dividend Growth UCITS ETF (XUSA), WisdomTree Broad Commodities UCITS ETF (PCOM), WisdomTree Strategic Metals and Rare Earths Miners UCITS ETF (RARE), WisdomTree Megatrends UCITS ETF (WMGT), WisdomTree Blockchain UCITS ETF (WBLK) and WisdomTree Strategic Metals UCITS ETF (WENU) on Euronext Paris; and WisdomTree Quantum Computing UCITS ETF (WQTM), WisdomTree Uranium and Nuclear Energy UCITS ETF (NCLR), WisdomTree Core Physical Gold (WGLD), WisdomTree Core Physical Silver (WSLV), WisdomTree Global Value UCITS ETF (WTVG), WisdomTree US Value UCITS ETF (WTVU) and WisdomTree Europe Value UCITS ETF (WTVE) in Mexico. We also completed the Norway registration of our UCITS ETF range. In February and March 2026, WisdomTree won the following awards: WisdomTree Emerging Markets Equity Income UCITS ETF (DEMS) won in the ETF Equity Emerging Markets category at the 2026 Mountain View Fund Awards; WisdomTree Physical AI, Humanoids and Drones UCITS ETF (WPAI) won innovative Newcomer ETF Award at the XENIX ETF awards France 2026; WisdomTree USD Floating Rate Treasury Bond UCITS ETF (USFR) won at the Lipper Fund Awards in the Bond USD Government Short Term passive category; and WisdomTree won Best ESG Fixed Income ETF Issuer ($100m-$1bn), Best Crypto Linked ETF Issuer ($1bn+), Best Bitcoin ETF Issuer ($100m+) at the 2026 ETF Express European awards.

WISDOMTREE, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands, except per share amounts) (Unaudited)
	Three Months Ended
	Mar. 31, 2026			Dec. 31, 2025			Sept. 30, 2025			June 30, 2025			Mar. 31, 2025
Operating Revenues:
Advisory fees	$	134,880		$	122,712		$	114,485		$	103,241		$	99,549
Management fees		5,231			4,908			—			—			—
Performance fees		2,955			7,105			—			—			—
Other revenues		16,404			12,709			11,131			9,380			8,533
Total revenues		159,470			147,434			125,616			112,621			108,082
Operating Expenses:
Compensation and benefits		47,517			37,273			33,791			32,827			33,788
Fund management and administration		24,880			24,830			22,353			21,252			20,714
Marketing and advertising		5,392			5,613			4,788			5,330			4,813
Sales and business development		4,197			4,045			3,943			4,232			4,137
Professional fees		3,308			3,596			3,505			3,177			2,782
Occupancy, communications and equipment		1,935			1,892			1,601			1,559			1,482
Depreciation and amortization		2,096			2,043			615			580			540
Third-party distribution fees		5,795			4,772			3,977			4,083			3,112
Acquisition-related costs		1,933			317			2,409			1,967			—
Other		3,067			3,306			2,980			2,982			2,552
Total operating expenses		100,120			87,687			79,962			77,989			73,920
Operating income		59,350			59,747			45,654			34,632			34,162
Other Income/(Expenses):
Interest expense		(11,023	)		(11,023	)		(8,466	)		(5,490	)		(5,441	)
Interest income		2,592			2,965			4,015			2,090			1,897
Loss on extinguishment of convertible notes		(62,302	)		(833	)		(13,011	)		—			—
Remeasurement of contingent consideration		(2,562	)		(710	)		—			—			—
Other losses and gains, net		(637	)		317			1,325			638			(250	)
(Loss)/income before income taxes		(14,582	)		50,463			29,517			31,870			30,368
Income tax expense		8,549			10,437			9,816			7,093			5,739
Net (loss)/income	$	(23,131	)	$	40,026		$	19,701		$	24,777		$	24,629
(Loss)/earnings per share—basic	$	(0.17	)	$	0.29		$	0.14	(3)	$	0.17		$	0.17
(Loss)/earnings per share—diluted	$	(0.17	)	$	0.28		$	0.13	(3)	$	0.17		$	0.17
Weighted average common shares—basic		138,005			136,340			139,584			143,076			142,580
Weighted average common shares—diluted		138,005			143,314			150,675			146,640			146,545
As Adjusted (Non-GAAP(1))
Total revenues	$	159,470		$	147,434		$	125,616		$	112,621		$	108,082
Total operating expenses	$	96,752		$	85,936		$	77,553		$	76,022		$	73,920
Operating income	$	62,718		$	61,498		$	48,063		$	36,599		$	34,162
Income before income taxes	$	54,654		$	53,840		$	45,318		$	33,798		$	30,947
Income tax expense	$	14,061		$	12,605		$	10,842		$	7,935		$	7,933
Net income	$	40,593		$	41,235		$	34,476		$	25,863		$	23,014
Earnings per share—diluted	$	0.27		$	0.29		$	0.23		$	0.18		$	0.16
Weighted average common shares—diluted		152,372			143,314			150,675			146,640			146,545

QUARTERLY HIGHLIGHTS

Operating Revenues

• 
  Operating revenues increased 8.2% from the fourth quarter of 2025, driven by higher average AUM, a higher average advisory fee and increased other revenues attributable to our European listed ETPs, partly offset by lower performance fees. Operating revenues increased 47.5% from the first quarter of 2025, driven by higher average AUM, a higher average advisory fee, revenues arising from our acquisition of Ceres Partners, LLC (the “Ceres Acquisition”) and increased other revenues from our European listed ETPs.
  
  


• 
  Our average advisory fee was 0.36% for the first quarter of 2026, compared to 0.35% for both the first and fourth quarters of 2025.
  
  

Operating Expenses

• 
  Operating expenses increased 14.2% from the fourth quarter of 2025 primarily due to higher seasonal compensation expenses related to payroll taxes, benefits and other costs associated with year-end bonus payments, as well as acquisition-related costs associated with our acquisition of Atlantic House and higher third-party distribution fees.
  
  


• 
  Operating expenses increased 35.4% from the first quarter of 2025, primarily due to higher incentive compensation and headcount, as well as increases in fund management and administration expenses, acquisition-related costs, third-party distribution fees and amortization of intangible assets.
  
  

Other Income/(Expenses)

• 
  Interest expense was essentially unchanged from the fourth quarter of 2025 and increased 102.6% from the first quarter of 2025 due to a higher level of debt outstanding.
  
  


• 
  Interest income decreased 12.6% from the fourth quarter of 2025 and increased 36.6% from the first quarter of 2025, primarily due to changes in interest rates and the level of interest-earning assets.
  
  


• 
  During the first quarter of 2026, we recognized a $62.3 million loss related to transactions involving our convertible notes, comprised of a loss on extinguishment of $16.9 million associated with the repurchase of $75.0 million in aggregate principal amount of our 2026 Notes and a $45.4 million inducement expense related to the repurchase of $275.0 million in aggregate principal amount of our 2029 Notes.
  
  


• 
  Contingent consideration related to the Ceres Acquisition increased from $11.8 million on December 31, 2025 to $14.4 million at March 31, 2026, resulting in a $2.6 million loss on remeasurement recognized during the first quarter of 2026.
  
  


• 
  Other losses and gains, net, was a loss of $0.6 million for the first quarter of 2026. This included net losses of $0.9 million on our financial instruments owned and net losses of $0.5 million on our investments. Gains and losses also generally arise from the sale of gold and cryptocurrency earned from advisory fees paid by our physically-backed gold and crypto ETPs, foreign exchange fluctuations and miscellaneous items.
  
  

Income Taxes

• 
  Our effective income tax rate for the first quarter of 2026 was negative 58.6%, resulting in income tax expense of $8.5 million. Despite a pre-tax loss for the quarter, we recorded income tax expense primarily due to certain non-deductible amounts associated with the extinguishment of convertible notes, which caused our effective tax rate to differ from the U.S. federal statutory rate of 21.0%. Other items impacting our effective tax rate included non-deductible executive compensation, partly offset by state and local taxes and tax windfalls associated with the vesting of stock-based compensation awards.
  
  


• 
  Our adjusted effective income tax rate for the first quarter of 2026 was 25.7%⁽¹⁾.
  
  

CONFERENCE CALL DIAL-IN AND WEBCAST DETAILS

WisdomTree will discuss its results and operational highlights during a live webcast on Friday, May 1, 2026 at 11:00 a.m. ET, which, together with all earnings materials, can be accessed via WisdomTree’s investor relations website at https://ir.wisdomtree.com. A replay of the webcast will be available shortly after the call.

Participants also can dial in using the following numbers: [phone] or [phone]. Click here to access the participant international toll-free access numbers.

To avoid delays, we encourage participants to log in or dial into the conference call 10 minutes ahead of the scheduled start time.

About WisdomTree

WisdomTree is a global financial innovator, offering a diverse suite of exchange-traded products (ETPs), models and solutions, private market investments and digital asset-related products. Our offerings empower investors to shape their financial future and equip financial professionals to grow their businesses. Leveraging the latest financial infrastructure, we create products that emphasize access, transparency and provide an enhanced user experience. Building on our heritage of innovation, we offer next-generation digital products and services related to tokenized real world assets and stablecoins, as well as our institutional platform, WisdomTree Connect™ and blockchain-native digital wallet, WisdomTree Prime^®*, and have expanded into private markets through the acquisition of Ceres Partners’ U.S. farmland platform.

* The WisdomTree Connect institutional platform and WisdomTree Prime digital wallet and digital asset services are made available through WisdomTree Digital Movement, Inc., a federally registered money services business, state-licensed money transmitter and financial technology company (NMLS ID: 2372500) or WisdomTree Digital Trust Company, LLC, and may be limited where prohibited by law. WisdomTree Digital Trust Company, LLC is chartered as a limited purpose trust company by the New York State Department of Financial Services to engage in virtual currency business. Visit https://wisdomtreeconnect.com, https://www.wisdomtreeprime.com or the WisdomTree Prime mobile app for more information.

WisdomTree currently has approximately $163.19 billion in assets under management globally, inclusive of assets managed by Ceres Partners, LLC as of the last reportable period.

For more information about WisdomTree, WisdomTree Connect and WisdomTree Prime, visit: https://www.wisdomtree.com.

Please visit us on X at @WisdomTreeNews.

WisdomTree^® is the marketing name for WisdomTree, Inc. and its subsidiaries worldwide.

PRODUCTS AND SERVICES AVAILABLE VIA WISDOMTREE CONNECT AND WISDOMTREE PRIME:

NOT FDIC INSURED | NO BANK GUARANTEE | NOT A BANK DEPOSIT | MAY LOSE VALUE | NOT SIPC PROTECTED | NOT INSURED BY ANY GOVERNMENT AGENCY

The products and services available through WisdomTree Connect and the WisdomTree Prime app are not endorsed, indemnified or guaranteed by any regulatory agency.

References to third-party platforms, protocols, or use cases are provided for informational purposes only and do not constitute an endorsement, recommendation, or solicitation by WisdomTree or its affiliates. WisdomTree and its affiliates do not control or operate such third-party platforms or protocols and are not responsible for their operation or performance.

____________________
(1)		See “Non-GAAP Financial Measurements.”
(2)		Revenue yield is computed by dividing our annualized adjusted operating revenues as reported in the GAAP to Non-GAAP Reconciliation herein by our average AUM during the period.
(3)		Earnings per share (“EPS”) is calculated pursuant to the two-class method as it results in a lower EPS amount as compared to the treasury stock method. In addition, the three months ended September 30, 2025 includes $718 of stock repurchase excise taxes, which is excluded from net income, but is required to be added to net income to arrive at income available to common stockholders in the calculation of EPS. This item is excluded from our EPS when computed on a non-GAAP basis.

WISDOMTREE, INC. AND SUBSIDIARIES KEY OPERATING STATISTICS (Unaudited)
	Three Months Ended
	Mar. 31, 2026				Dec. 31, 2025				Sept. 30, 2025				June 30, 2025				Mar. 31, 2025
GLOBAL PRODUCTS ($ in millions)
Beginning of period assets	$	144,525			$	137,175			$	126,070			$	115,787			$	109,779
Add: Digital Assets—Jan. 1, 2025		—				—				—				—				32
Add: Assets acquired—Ceres Acquisition		—				1,812				—				—				—
Inflows/(outflows)		5,934				(283	)			2,241				3,529				3,052
Market appreciation		2,097				5,821				8,864				6,754				2,924
End of period assets	$	152,556			$	144,525			$	137,175			$	126,070			$	115,787
Average assets during the period	$	154,663			$	140,686			$	130,760			$	119,185			$	114,622
Average ETP advisory fee during the period		0.36%				0.35%				0.35%				0.35%				0.35%
Total revenue yield		0.42%				0.42%				0.38%				0.38%				0.38%
Revenue days		90				92				92				91				90
Number of products—end of the period		416				405				397				383				375	(1)
ETPs AND TOKENIZED PRODUCTS
U.S. LISTED ETFs ($ in millions)
Beginning of period assets	$	88,521			$	88,293			$	85,179			$	80,531			$	79,095
Inflows/(outflows)		2,643				(1,108	)			(445	)			1,110				1,847
Market (depreciation)/appreciation		(218	)			1,336				3,559				3,538				(411	)
End of period assets	$	90,946			$	88,521			$	88,293			$	85,179			$	80,531
Average assets during the period	$	91,742			$	88,074			$	87,205			$	81,525			$	81,127
Number of ETFs—end of the period		90				85				84				81				78
EUROPEAN LISTED ETPs ($ in millions)
Beginning of period assets	$	53,345			$	48,290			$	40,541			$	35,124			$	30,684
Inflows		3,118				609				2,448				2,201				1,104
Market appreciation		2,295				4,446				5,301				3,216				3,336
End of period assets	$	58,758			$	53,345			$	48,290			$	40,541			$	35,124
Average assets during the period	$	60,193			$	50,102			$	42,853			$	37,439			$	33,415
Number of ETPs—end of the period		306				300				295				285				280
DIGITAL ASSETS ($ in millions)
Beginning of period assets	$	770			$	592			$	350			$	132			$	—
Add: Digital Assets—Jan. 1, 2025		—				—				—				—				32
Inflows		98				179				238				218				101
Market (depreciation)/appreciation		(1	)			(1	)			4				—				(1	)
End of period assets	$	867			$	770			$	592			$	350			$	132
Average assets during the period	$	781			$	695			$	702			$	221			$	80
Number of products—end of the period		19				19				18				17				17	(1)
PRIVATE ASSETS ($ in millions)
Beginning of period assets	$	1,889			$	—			$	—			$	—			$	—
Add: Assets acquired—Ceres Acquisition		—				1,812				—				—				—
Inflows		75				37				—				—				—
Market appreciation		21				40				—				—				—
End of period assets	$	1,985			$	1,889			$	—			$	—			$	—
Average assets during the period	$	1,947			$	1,815			$	—			$	—			$	—
Number of products—end of the period		1				1				—				—				—
ETPs AND TOKENIZED PRODUCT CATEGORIES ($ in millions)
U.S. Equity
Beginning of period assets	$	41,427			$	40,977			$	38,617			$	35,628			$	35,414
Add: Digital Assets—Jan. 1, 2025		—				—				—				—				9
Inflows		354				191				32				1,287				963
Market (depreciation)/appreciation		(270	)			259				2,328				1,702				(758	)
End of period assets	$	41,511			$	41,427			$	40,977			$	38,617			$	35,628
Average assets during the period	$	42,394			$	41,161			$	40,024			$	36,080			$	36,281
Commodity & Currency
Beginning of period assets	$	36,980			$	31,705			$	26,696			$	25,487			$	21,906
Add: Digital Assets—Jan. 1, 2025		—				—				—				—				1
Inflows/(outflows)		35				177				1,096				(110	)			(159	)
Market appreciation		3,295				5,098				3,913				1,319				3,739
End of period assets	$	40,310			$	36,980			$	31,705			$	26,696			$	25,487
Average assets during the period	$	41,458			$	33,824			$	28,162			$	25,888			$	23,993
International Developed Market Equity
Beginning of period assets	$	25,616			$	23,893			$	21,725			$	18,178			$	17,602
Inflows		3,495				1,147				478				1,646				474
Market appreciation		75				576				1,690				1,901				102
End of period assets	$	29,186			$	25,616			$	23,893			$	21,725			$	18,178
Average assets during the period	$	29,349			$	24,708			$	22,481			$	19,577			$	18,275
Fixed Income
Beginning of period assets	$	21,074			$	22,509			$	22,543			$	22,230			$	20,043
Add: Digital Assets—Jan. 1, 2025		—				—				—				—				21
Inflows/(outflows)		1,272				(1,358	)			(58	)			148				2,092
Market appreciation/(depreciation)		49				(77	)			24				165				74
End of period assets	$	22,395			$	21,074			$	22,509			$	22,543			$	22,230
Average assets during the period	$	21,187			$	21,422			$	23,128			$	22,526			$	21,464
Emerging Market Equity
Beginning of period assets	$	10,643			$	10,855			$	10,957			$	9,985			$	10,468
(Outflows)/inflows		(206	)			(508	)			(250	)			28				(445	)
Market (depreciation)/appreciation		(294	)			296				148				944				(38	)
End of period assets	$	10,143			$	10,643			$	10,855			$	10,957			$	9,985
Average assets during the period	$	10,902			$	10,839			$	10,874			$	10,295			$	10,072
Leveraged & Inverse
Beginning of period assets	$	3,275			$	2,913			$	2,631			$	2,133			$	1,924
Inflows/(outflows)		565				(15	)			(52	)			141				116
Market (depreciation)/appreciation		(177	)			377				334				357				93
End of period assets	$	3,663			$	3,275			$	2,913			$	2,631			$	2,133
Average assets during the period	$	3,785			$	3,097			$	2,750			$	2,354			$	2,083
Cryptocurrency
Beginning of period assets	$	2,242			$	3,168			$	2,087			$	1,553			$	1,912
Add: Digital Assets—Jan. 1, 2025		—				—				—				—				1
Inflows/(outflows)		137				(117	)			764				198				(89	)
Market (depreciation)/appreciation		(596	)			(809	)			317				336				(271	)
End of period assets	$	1,783			$	2,242			$	3,168			$	2,087			$	1,553
Average assets during the period	$	2,021			$	2,550			$	2,412			$	1,800			$	1,900
Alternatives
Beginning of period assets	$	1,379			$	1,155			$	814			$	593			$	510
Inflows		207				163				231				191				100
Market (depreciation)/appreciation		(6	)			61				110				30				(17	)
End of period assets	$	1,580			$	1,379			$	1,155			$	814			$	593
Average assets during the period	$	1,620			$	1,270			$	929			$	665			$	554
Headcount		357				360				338				321				315

Note: Previously issued statistics may be restated due to fund closures and trade adjustments.

Source: WisdomTree

WISDOMTREE, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (in thousands, except per share amounts)
	Mar. 31, 2026			Dec. 31, 2025
	(Unaudited)
ASSETS
Current assets:
Cash, cash equivalents and restricted cash	$	625,505		$	311,732
Financial instruments owned, at fair value		65,237			107,117
Accounts receivable		66,112			64,452
Income taxes receivable		1,262			—
Prepaid expenses		8,649			7,338
Other current assets		1,320			1,723
Total current assets		768,085			492,362
Fixed assets, net		401			431
Deferred tax assets, net		6,689			9,803
Investments		28,623			29,075
Right of use assets—operating leases		2,326			2,764
Goodwill		228,624			228,624
Intangible assets, net		747,954			748,957
Other noncurrent assets		1,126			925
Total assets	$	1,783,828		$	1,512,941
LIABILITIES AND STOCKHOLDERS’ EQUITY
LIABILITIES
Current liabilities:
Convertible notes—current	$	74,910		$	149,604
Fund management and administration payable		34,465			29,448
Compensation and benefits payable		19,132			52,435
Payable to Gold Bullion Holdings (Jersey) Limited (“GBH”)		14,176			13,940
Operating lease liabilities		1,498			1,614
Income taxes payable		—			2,295
Accounts payable and other liabilities		23,948			32,720
Total current liabilities		168,129			282,056
Convertible notes—long term		1,125,434			804,203
Contingent consideration		14,406			11,844
Operating lease liabilities—long term		841			1,166
Total liabilities		1,308,810			1,099,269
STOCKHOLDERS’ EQUITY
Common stock, par value $0.01; 400,000 shares authorized:
Issued and outstanding: 152,439 and 140,713 at March 31, 2026 and December 31, 2025, respectively		1,524			1,407
Additional paid-in capital		279,000			189,244
Accumulated other comprehensive gain		1,069			2,227
Retained earnings		193,425			220,794
Total stockholders’ equity		475,018			413,672
Total liabilities and stockholders’ equity	$	1,783,828		$	1,512,941

WISDOMTREE, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS (in thousands) (Unaudited)
	Three Months Ended March 31,
		2026				2025
Cash flows from operating activities:
Net (loss)/income	$	(23,131	)		$	24,629
Adjustments to reconcile net (loss)/income to net cash provided by operating activities:
Loss on extinguishment of convertible notes		62,302				—
Advisory and license fees paid in gold, other precious metals and cryptocurrency		(25,348	)			(15,373	)
Stock-based compensation		8,431				6,238
Deferred income taxes		3,395				5,835
Increase in fair value of contingent consideration		2,562				—
Depreciation and amortization		2,096				540
Amortization of issuance costs—convertible notes		1,154				624
Losses on financial instruments owned, at fair value		882				440
Amortization of right of use asset		456				326
Losses/(gains) on investments		452				(316	)
Imputed interest on payable to GBH		235				455
Changes in operating assets and liabilities:
Accounts receivable		(1,410	)			(394	)
Income taxes receivable/payable		(2,572	)			(4,092	)
Prepaid expenses		(1,360	)			(1,522	)
Gold and other precious metals		24,825				14,738
Other assets		168				(295	)
Fund management and administration payable		5,224				3,150
Compensation and benefits payable		(33,182	)			(28,056	)
Operating lease liabilities		(459	)			(325	)
Accounts payable and other liabilities		(6,763	)			(232	)
Net cash provided by operating activities		17,957				6,370
Cash flows from investing activities:
Purchase of financial instruments owned, at fair value		(6,003	)			—
Cash paid—software development		(980	)			(577	)
Purchase of fixed assets		(28	)			(31	)
Proceeds from the sale of financial instruments owned, at fair value		45,650				388
Proceeds from held-to-maturity securities maturing or called prior to maturity		—				6
Net cash provided by/(used in) investing activities		38,639				(214	)
Cash flows from financing activities:
Repurchase of convertible notes		(302,675	)			—
Common stock repurchased		(24,963	)			(12,714	)
Dividends paid		(4,744	)			(4,626	)
Issuance costs—convertible notes		(12,593	)			—
Proceeds from the issuance of convertible notes		603,750				—
Excise taxes paid on common stock repurchased		—				(1,868	)
Net cash provided by/(used in) financing activities		258,775				(19,208	)
(Decrease)/increase in cash flow due to changes in foreign exchange rate		(1,598	)			2,234
Net increase/(decrease) in cash, cash equivalents and restricted cash		313,773				(10,818	)
Cash, cash equivalents and restricted cash—beginning of year		311,732				181,191
Cash, cash equivalents and restricted cash—end of period	$	625,505			$	170,373
Supplemental disclosure of cash flow information:
Cash paid for income taxes	$	7,659			$	4,042
Cash paid for interest	$	18,448			$	6,412

NON-GAAP FINANCIAL MEASUREMENTS

In an effort to provide additional information regarding our results as determined by GAAP, we also disclose certain non-GAAP information which we believe provides useful and meaningful information. Our management reviews these non-GAAP financial measurements when evaluating our financial performance and results of operations; therefore, we believe it is useful to provide information with respect to these non-GAAP measurements so as to share this perspective of management. Non-GAAP measurements do not have any standardized meaning, do not replace nor are they superior to GAAP financial measurements and are unlikely to be comparable to similar measures presented by other companies. These non-GAAP financial measurements should be considered in the context with our GAAP results. The non-GAAP financial measurements contained in this press release include the following:

Adjusted Operating Income, Operating Expenses, Income Before Income Taxes, Income Tax Expense, Net Income and Diluted Earnings per Share

We disclose adjusted operating income, operating expenses, income before income taxes, income tax expense, net income and diluted earnings per share as non-GAAP financial measurements in order to report our results exclusive of items that are non-recurring or not core to our operating business. We believe presenting these non-GAAP financial measurements provides investors with a consistent way to analyze our performance. These non-GAAP financial measurements exclude the following:

Gains or losses on financial instruments owned: We account for our financial instruments owned as trading securities, which requires these instruments to be measured at fair value with gains and losses reported in net income. We exclude these items when calculating our non-GAAP financial measurements as the gains and losses introduce earnings volatility and are not core to our operating business.

Foreign currency remeasurement gains and losses on U.S. dollars held by foreign subsidiaries: GAAP requires account balances to be remeasured into an entity’s functional currency, with resulting gains and losses reported in net income. Foreign subsidiaries holding U.S. dollars remeasure these balances into their functional currencies and recognize the gains and losses. We exclude remeasurement effects from our non-GAAP financial measures, as they introduce earnings volatility, are not core to our operations and arise from balances denominated in our reporting currency.

Tax windfalls and shortfalls upon vesting of stock-based compensation awards: GAAP requires the recognition of tax windfalls and shortfalls within income tax expense. These items arise upon the vesting of stock-based compensation awards and the magnitude is directly correlated to the number of awards vesting/exercised, as well as the difference between the price of our stock on the date the award was granted and the date the award vested or was exercised. We exclude these items when calculating our non-GAAP financial measurements as they introduce earnings volatility and are not core to our operating business.

Amortization of intangible assets and remeasurement of contingent consideration arising from our acquisition of Ceres Partners, LLC: On October 1, 2025, we completed the Ceres Acquisition for aggregate consideration consisting of (i) $275 million in cash payable at closing, subject to customary post-closing adjustments and (ii) contingent consideration of up to $225 million, payable in 2030, contingent upon Ceres Partners, LLC achieving a compound annual growth rate (“CAGR”) in revenues of 12% to 22% during the measurement period of January 1, 2025 through December 31, 2029. GAAP requires contingent consideration to be re-measured each reporting period with changes in fair value reported in net income. In addition, a portion of the consideration totaling $143.5 million was allocated to intangible assets, which is amortized over 25 years. We exclude changes in fair value of contingent consideration and amortization of intangible assets arising from the Ceres Acquisition when calculating our non-GAAP financial measurements as these items are not core to our operating business.

Other items: Losses related to convertible notes transactions, changes in deferred tax asset valuation allowance, acquisition-related costs, imputed interest on our payable to Gold Bullion Holdings (Jersey) Limited (“GBH”) and gains and losses recognized on our investments are excluded when calculating our non-GAAP financial measurements.

Adjusted Effective Income Tax Rate

We disclose our adjusted effective income tax rate as a non-GAAP financial measurement in order to report our effective income tax rate exclusive of items that are non-recurring or not core to our operating business. We believe reporting our adjusted effective income tax rate provides investors with a consistent way to analyze our income taxes. Our adjusted effective income tax rate is calculated by dividing adjusted income tax expense by adjusted income before income taxes. See above for information regarding the items that are excluded.

Gross Margin and Gross Margin Percentage

We disclose our gross margin and gross margin percentage as non-GAAP financial measurements because we believe they provide investors with a consistent way to analyze the amount we retain after paying third-party service providers to operate our ETPs. These measures also assist us in analyzing the profitability of our products. We define gross margin as total adjusted operating revenues less fund management and administration expenses. Gross margin percentage is calculated as gross margin divided by total adjusted operating revenues.

GAAP to NON-GAAP RECONCILIATION (CONSOLIDATED) (in thousands) (Unaudited)
	Three Months Ended
Adjusted Net Income and Diluted Earnings per Share:	Mar. 31, 2026				Dec. 31, 2025				Sept. 30, 2025				June 30, 2025				Mar. 31, 2025
Net (loss)/income, as reported	$	(23,131	)		$	40,026			$	19,701			$	24,777			$	24,629
Add back: Losses related to convertible notes transactions, net of income taxes		62,280				505				12,763				—				—
Deduct: Tax windfalls upon vesting of stock-based compensation awards		(4,421	)			—				(76	)			(4	)			(2,083	)
Add back: Increase in fair value of contingent consideration, net of income taxes		1,940				538				—				—				—
Add back: Acquisition-related costs, net of income taxes		1,933				240				1,824				1,489				—
Add back: Amortization of intangible assets arising from the Ceres Acquisition, net of income taxes		1,087				1,086				—				—				—
Add back/(deduct): Losses/(gains) on financial instruments owned, net of income taxes		668				8				(810	)			(972	)			333
(Deduct)/add back: Foreign currency remeasurement (gains)/losses on U.S. dollar balances, net of income taxes		(435	)			(141	)			—				1,136				—
Add back/(deduct): Losses/(gains) recognized on investments, net of income taxes		342				(75	)			734				(458	)			(239	)
Add back: Imputed interest on payable to GBH, net of income taxes		179				285				364				354				344
Add back/(deduct): Increase/(decrease) in deferred tax asset valuation allowance on capital losses		151				(1,237	)			(24	)			(459	)			30
Adjusted net income	$	40,593			$	41,235			$	34,476			$	25,863			$	23,014
Weighted average common shares—diluted		152,372				143,314				150,675				146,640				146,545
Adjusted earnings per share—diluted	$	0.27			$	0.29			$	0.23			$	0.18			$	0.16

	Three Months Ended
Gross Margin and Gross Margin Percentage:	Mar. 31, 2026				Dec. 31, 2025				Sept. 30, 2025				June 30, 2025				Mar. 31, 2025
Operating revenues	$	159,470			$	147,434			$	125,616			$	112,621			$	108,082
Deduct: Fund management and administration		(24,880	)			(24,830	)			(22,353	)			(21,252	)			(20,714	)
Gross margin	$	134,590			$	122,604			$	103,263			$	91,369			$	87,368
Gross margin percentage		84.4%				83.2%				82.2%				81.1%				80.8%

	Three Months Ended
Adjusted Operating Income and Adjusted Operating Income Margin:	Mar. 31, 2026				Dec. 31, 2025				Sept. 30, 2025				June 30, 2025				Mar. 31, 2025
Operating revenues	$	159,470			$	147,434			$	125,616			$	112,621			$	108,082
Operating income		59,350				59,747			$	45,654			$	34,632			$	34,162
Add back: Amortization of intangible assets arising from the Ceres Acquisition		1,435				1,434				—				—				—
Add back: Acquisition-related costs		1,933				317				2,409				1,967				—
Adjusted operating income	$	62,718			$	61,498			$	48,063			$	36,599			$	34,162
Adjusted operating income margin		39.3%				41.7%				38.3%				32.5%				31.6%

	Three Months Ended
Adjusted Total Operating Expenses:	Mar. 31, 2026				Dec. 31, 2025				Sept. 30, 2025				June 30, 2025				Mar. 31, 2025
Total operating expenses	$	100,120			$	87,687			$	79,962			$	77,989			$	73,920
Deduct: Amortization of intangible assets arising from the Ceres Acquisition		(1,435	)			(1,434	)			—				—				—
Deduct: Acquisition-related costs		(1,933	)			(317	)			(2,409	)			(1,967	)			—
Adjusted total operating expenses	$	96,752			$	85,936			$	77,553			$	76,022			$	73,920

	Three Months Ended
Adjusted Income Before Income Taxes:	Mar. 31, 2026				Dec. 31, 2025				Sept. 30, 2025				June 30, 2025				Mar. 31, 2025
(Loss)/income before income taxes	$	(14,582	)		$	50,463			$	29,517			$	31,870			$	30,368
Add back: Losses related to convertible notes transactions		62,302				833				13,011				—				—
Add back: Increase in fair value of contingent consideration		2,562				710				—				—				—
Add back: Acquisition-related costs		1,933				317				2,409				1,967				—
Add back: Amortization of intangible assets arising from the Ceres Acquisition		1,435				1,434				—				—				—
Add back/(deduct): Losses/(gains) on financial instruments owned		882				10				(1,070	)			(1,284	)			440
(Deduct)/add back: Foreign currency remeasurement (gains)/losses on U.S. dollar balances, net of income taxes		(566	)			(205	)			—				1,383				—
Add back/(deduct): Losses/(gains) recognized on investments		452				(99	)			970				(605	)			(316	)
Add back: Imputed interest on payable to GBH		236				377				481				467				455
Adjusted income before income taxes	$	54,654			$	53,840			$	45,318			$	33,798			$	30,947

	Three Months Ended
Adjusted Income Tax Expense and Adjusted Effective Income Tax Rate:	Mar. 31, 2026				Dec. 31, 2025				Sept. 30, 2025				June 30, 2025				Mar. 31, 2025
Adjusted income before income taxes (above)	$	54,654			$	53,840			$	45,318			$	33,798			$	30,947
Income tax expense	$	8,549			$	10,437			$	9,816			$	7,093			$	5,739
Add back: Tax windfalls upon vesting of stock-based compensation awards		4,421				—				76				4				2,083
Add back: Tax benefit arising from convertible notes transactions		22				328				248				—				—
Add back: Tax benefit arising from increase in fair value of contingent consideration		622				172				—				—				—
Add back: Tax benefit of intangible asset amortization arising from the Ceres Acquisition		348				348				—				—				—
Add back/(deduct): Tax benefit/(expense) arising from losses/(gains) on financial instruments owned		214				2				(260	)			(312	)			107
(Deduct)/add back: (increase)/decrease in deferred tax asset valuation allowance on capital losses		(151	)			1,237				24				459				(30	)
(Deduct)/add back: Tax (expense)/benefit on foreign currency remeasurement losses on U.S. dollar balances		(131	)			(64	)			—				247				—
Add back/(deduct): Tax benefit/(expense) on losses/(gains) on investments		110				(24	)			236				(147	)			(77	)
Add back: Tax benefit on imputed interest		57				92				117				113				111
Add back: Tax benefit on acquisition-related costs		—				77				585				478				—
Adjusted income tax expense	$	14,061			$	12,605			$	10,842			$	7,935			$	7,933
Adjusted effective income tax rate		25.7%				23.4%				23.9%				23.5%				25.6%

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

This press release contains forward-looking statements that are based on our management’s beliefs and assumptions and on information currently available to our management. Although we believe that the expectations reflected in these forward-looking statements are reasonable, these statements relate to future events or our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “should,” “expects,” “intends,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “potential,” “continue” or the negative of these terms or other comparable terminology. These statements are only predictions. You should not place undue reliance on forward-looking statements because they involve known and unknown risks, uncertainties and other factors, which are, in some cases, beyond our control and could materially affect results. Factors that may cause actual results to differ materially from current expectations include, among other things, the risks described below. If one or more of these or other risks or uncertainties occur, or if our underlying assumptions prove to be incorrect, actual events or results may vary significantly from those implied or projected by the forward-looking statements. No forward-looking statement is a guarantee of future performance. You should read this press release completely and with the understanding that our actual future results may be materially different from any future results expressed or implied by these forward-looking statements.

In particular, forward-looking statements in this press release may include statements about:

• 
  anticipated trends, conditions and investor sentiment in the global markets and ETPs;
  
  


• 
  anticipated levels of inflows into and outflows out of our ETPs;
  
  


• 
  our ability to deliver favorable rates of return to investors;
  
  


• 
  competition in our business;
  
  


• 
  whether we will experience future growth;
  
  


• 
  our ability to develop new products and services and their potential for success;
  
  


• 
  our ability to maintain current vendors or find new vendors to provide services to us at favorable costs;
  
  


• 
  our ability to successfully implement our strategy relating to digital assets and blockchain-enabled financial services, including WisdomTree Connect^™ and WisdomTree Prime^®, and achieve its objectives;
  
  


• 
  our ability to successfully operate and expand our business in non-U.S. markets;
  
  


• 
  the effect of laws and regulations that apply to our business;
  
  


• 
  the potential benefits arising from our acquisitions of Ceres Partners, LLC, and Atlantic House Holdings Limited, including financial or strategic outcomes; and
  
  


• 
  our ability to successfully implement our strategic goals relating to the acquisitions and integrate the acquired businesses.
  
  

Our business is subject to many risks and uncertainties, including without limitation:

• 
  declining prices of securities, gold and other precious metals and other commodities and changes in interest rates and general market conditions can adversely affect our business by reducing the market value of the assets we manage or causing WisdomTree ETP investors to sell their fund shares and trigger redemptions;
  
  


• 
  fluctuations in the amount and mix of our AUM, whether caused by disruptions in the financial markets or otherwise, including but not limited to events such as a pandemic or war, geopolitical conflicts, political events, acts of terrorism and other matters beyond our control, may negatively impact revenues and operating margins, and may impede our ability to refinance our debt upon maturity or increase the cost of borrowing upon a refinancing;
  
  


• 
  competitive pressures could reduce revenues and profit margins;
  
  


• 
  we derive a substantial portion of our revenues from a limited number of products, and, as a result, our operating results are particularly exposed to investor sentiment toward investing in the products’ strategies and our ability to maintain the AUM of these products, as well as the performance of these products and market-specific and political and economic risk;
  
  


• 
  a significant portion of our AUM is held in products with exposure to U.S. and international developed markets, and we therefore have exposure to domestic and foreign market conditions and are subject to currency exchange rate risks;
  
  


• 
  withdrawals or broad changes in investments in our ETPs by investors with significant positions may negatively impact revenues and operating margins;
  
  


• 
  we face increased operational, regulatory, financial and other risks as a result of conducting our business internationally, and as we expand our digital assets product offerings and services beyond our existing ETP business;
  
  


• 
  many of our ETPs have a limited track record, and poor investment performance could cause our revenues to decline; and
  
  


• 
  we depend on third parties to provide many critical services to operate our business and our ETPs. The failure of key vendors to adequately provide such services could materially affect our operating business and harm WisdomTree ETP investors.
  
  

Additional risks include those associated with the acquisitions of Ceres Partners, LLC and Atlantic House Holdings Limited, including the risk that the integrations may be more difficult, time-consuming or costly than expected, or that expected benefits (including projected business growth, realization of synergies, or the ability to raise additional capital into the funds of the acquired businesses) may not be realized as anticipated. Other factors, such as general economic conditions, including currency exchange rate fluctuations, also may have an effect on the results of our operations. For a more complete description of the risks noted above and other risks that could cause our actual results to differ from our current expectations, see “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2025.

The forward-looking statements in this press release represent our views as of the date of this press release. We anticipate that subsequent events and developments may cause our views to change. However, while we may elect to update these forward-looking statements at some point in the future, we have no current intention of doing so except to the extent required by applicable law. Therefore, these forward-looking statements do not represent our views as of any date other than the date of this press release.

Category: Business Update

View source version on businesswire.com: https://www.businesswire.com/news/home/20260501395437/en/

Investor Relations

Jeremy Campbell

+1.917.267.3859

[e-mail]

Media Relations

Jessica Zaloom

+1.917.267.3735

[e-mail]

Original: WisdomTree Announces First Quarter 2026 Results

[US Market News]

WisdomTree Completes Acquisition of Atlantic House, Enhancing Active ETF and Defined Outcome Capabilities

May 1, 2026 6:00 AM
Business Wire

Transaction strengthens Models and Portfolio Solutions capabilities and deepens UK adviser distribution

WisdomTree, Inc. (NYSE: WT), a global financial innovator, today announced that it has completed its previously announced acquisition of Atlantic House Holdings Limited (“Atlantic House”), a London-based active manager specializing in defined outcome and derivatives-driven investment strategies.

The completion of the transaction advances WisdomTree’s strategy of expanding in structurally growing areas of asset and wealth management. It enhances the firm’s capabilities in defined outcome and derivatives-driven investing, adding a dedicated investment team with deep expertise and a proven track record in the space.

The acquisition strengthens WisdomTree’s ability to design, launch and scale differentiated active ETFs globally, accelerating innovation in outcome-oriented strategies and supporting the planned launch of 15-20 defined outcome ETFs globally, over the next 18 months. It also expands the firm’s Models and Portfolio Solutions platform into the UK wealth market, deepening adviser relationships and enhancing distribution across Europe.

“This is an important step forward for WisdomTree,” said Jonathan Steinberg, WisdomTree Founder and CEO. “The addition of Atlantic House advances our strategy of expanding in structurally growing areas of asset management, including active ETFs, outcome-oriented strategies and managed models. By combining differentiated derivatives expertise with our global distribution, we are strengthening our ability to innovate and deliver more differentiated solutions that support long-term value for both our clients and our stockholders.”

Tom May, Chief Executive Officer of Atlantic House, said, “Joining WisdomTree represents a compelling opportunity to extend our defined outcome strategies and model portfolio offering with greater scale and reach, globally. Our investment team remains in place and will continue to manage strategies with the same disciplined approach and philosophy our clients expect. Together, we are well positioned to expand access to our defined outcome capabilities to a broader investor base.”

Alexis Marinof, CEO, Europe, WisdomTree, added, “This acquisition represents an important milestone in our European growth strategy. Atlantic House brings a differentiated platform, established client relationships and deep expertise that align closely with our focus on delivering scalable, innovative solutions. With the transaction complete, our focus now shifts to execution – bringing these capabilities to a broader client base through our global platform.”

The purchase price was £150 million (approximately $200 million), payable at closing, subject to customary adjustments.

Following the completion of the transaction, WisdomTree manages approximately $163.19 billion in assets globally¹, including assets from its 2025 acquisition of Ceres Partners, marking WisdomTree’s entry into private markets.

About WisdomTree

WisdomTree is a global financial innovator, offering a diverse suite of exchange-traded products (ETPs), models and solutions, private market investments and digital asset-related products. Our offerings empower investors to shape their financial future and equip financial professionals to grow their businesses. Leveraging the latest financial infrastructure, we create products that emphasize access and transparency and provide an enhanced user experience. Building on our heritage of innovation, we offer next-generation digital products and services related to tokenized real world assets and stablecoins, as well as our institutional platform, WisdomTree Connect™, and blockchain-native digital wallet, WisdomTree Prime^®*, and have expanded into private markets through the acquisition of Ceres Partners’ U.S. farmland platform.

* The WisdomTree Connect institutional platform and WisdomTree Prime digital wallet and digital asset services are made available through WisdomTree Digital Movement, Inc., a federally registered money services business, state-licensed money transmitter and financial technology company (NMLS ID: 2372500) or WisdomTree Digital Trust Company, LLC, and may be limited where prohibited by law. WisdomTree Digital Trust Company, LLC is chartered as a limited purpose trust company by the New York State Department of Financial Services to engage in virtual currency business. Visit https://www.wisdomtreeconnect.com, https://www.wisdomtreeprime.com or the WisdomTree Prime mobile app for more information.

WisdomTree currently has approximately $163.19 billion in assets under management globally, inclusive of Atlantic House and assets managed by Ceres Partners, LLC as of the last reportable period.

For more information about WisdomTree, WisdomTree Connect and WisdomTree Prime, visit: https://www.wisdomtree.com.

Please visit us on X at @WisdomTreeNews.

WisdomTree^® is the marketing name for WisdomTree, Inc. and its subsidiaries worldwide.

PRODUCTS AND SERVICES AVAILABLE VIA WISDOMTREE CONNECT AND WISDOMTREE PRIME:

NOT FDIC INSURED | NO BANK GUARANTEE | NOT A BANK DEPOSIT | MAY LOSE VALUE | NOT SIPC PROTECTED | NOT INSURED BY ANY GOVERNMENT AGENCY

The products and services available through WisdomTree Connect and the WisdomTree Prime app are not endorsed, indemnified or guaranteed by any regulatory agency.

About Atlantic House

Atlantic House is a leading derivatives-based investment manager, supporting multi-asset investors globally in building more predictable, resilient, and effective portfolios.

Specialising exclusively in derivatives, the firm combines deep expertise with robust risk management to deliver efficient, innovative, and tailored investment solutions. This focus allows clients to navigate uncertainty with confidence.

Atlantic House manages a range of market-leading strategies designed to meet specific investment objectives. These include the £2.5 billion Atlantic House Defined Returns Fund, the cornerstone of the firm’s Defined Return capability, alongside specialist strategies in Liquid Alternatives, Equity Replacement, Fixed Income, and Hedging, as well as bespoke structured notes offered through the firm’s solutions business.

About Albemarle Street Partners

Albemarle Street Partners, a part of Atlantic House, provides multi-asset solutions and acts as a trusted partner to independent financial advisers. With a disciplined and academically robust investment approach, they offer responsible, high-quality investment solutions, including multi-asset funds and model portfolios that reflect each adviser’s unique advice philosophy.

Committed to supporting advisers’ propositions and long-term business growth, Albemarle Street Partners looks to deliver consistent outcomes while providing excellent service and value for money.

Backed by an experienced team, the firm seeks to make a positive impact for advisers and their clients.

Cautionary Statement Regarding Forward-Looking Statements

This press release may contain a number of “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements about our ability to achieve our financial and business plans, goals and objectives and drive stockholder value, including with respect to our ability to successfully implement our strategic goals relating to our acquisition of Atlantic House and other risk factors discussed from time to time in WisdomTree’s filings with the Securities and Exchange Commission (“SEC”), including those factors discussed under the caption “Risk Factors” in our most recent annual report on Form 10-K, filed with the SEC on February 25, 2026, and in subsequent reports filed with or furnished to the SEC. These forward-looking statements are based on WisdomTree’s management’s current expectations, estimates, projections and beliefs, as well as a number of assumptions concerning future events. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside WisdomTree’s management’s control, that could cause actual results to differ materially from the results discussed in the forward-looking statements. Forward-looking statements included in this release speak only as of the date of this release. WisdomTree does not undertake any obligation to update its forward-looking statements to reflect events or circumstances after the date of this release except as may be required by the federal securities laws.

Category: Business Update

_________________________

1 Source: WisdomTree, as of 4/29/26.

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260501018823/en/

Media Relations

WisdomTree, Inc.

Jessica Zaloom

+1.917.267.3735

[e-mail]
WisdomTree Europe

Arran Fano

[phone]

[e-mail]
Investor Relations

WisdomTree, Inc.

Jeremy Campbell

+1.917.267.3859

[e-mail]

Original: WisdomTree Completes Acquisition of Atlantic House, Enhancing Active ETF and Defined Outcome Capabilities

[US Market News]

WisdomTree Announces Private Offering of $525.0 Million of Convertible Senior Notes

March 23, 2026 4:05 PM
Business Wire

WisdomTree, Inc. (NYSE: WT) (“WisdomTree”), a global financial innovator, today announced its intention to offer, subject to market conditions and other factors, $525.0 million aggregate principal amount of convertible senior notes due 2031 (the “notes”) in a private offering (the “offering”) to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). WisdomTree also expects to grant the initial purchasers of the notes an option to purchase up to an additional $78.75 million aggregate principal amount of the notes to be settled during a period of 13 days from, and including, the date the notes are first issued.

WisdomTree intends to use approximately $200.0 million of the net proceeds from the offering to pay the closing consideration for its previously announced acquisition of Atlantic House Holdings Limited (the “Acquisition”); a portion of the net proceeds from the offering to pay the cash consideration to exchange its 3.25% convertible senior notes due 2029 (the “2029 notes”) in the notes exchange transactions, as described below; and the remainder of the net proceeds from the offering, if any, for working capital and other general corporate purposes, which may include the repayment of indebtedness, including under its 3.25% convertible senior notes due 2026 (the “2026 notes”), the remaining 2029 notes and its 4.625% convertible senior notes due 2030. If the Acquisition is not consummated, WisdomTree intends to use the proceeds it would have otherwise used to finance the Acquisition for general corporate purposes as described above.

Prior to July 1, 2031, the notes will be convertible at the option of the holders of the notes only upon the satisfaction of certain conditions and during certain periods, and thereafter, at any time until the close of business on the second scheduled trading day immediately preceding the maturity date. Upon conversion, WisdomTree will pay cash up to the aggregate principal amount of the notes to be converted and pay or deliver, as the case may be, cash, shares of its common stock or a combination of cash and shares of its common stock, at WisdomTree’s election, in respect of the remainder, if any, of WisdomTree’s conversion obligation in excess of the aggregate principal amount of the notes being converted. The notes will also be redeemable, in whole or in part, for cash at WisdomTree’s option at any time, and from time to time, on or after April 6, 2028 in certain circumstances. The redemption price will be equal to the principal amount of the notes to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the redemption date. The interest rate, conversion rate and other terms of the notes are to be determined upon pricing of the offering.

Concurrently with the pricing of the notes in the offering, WisdomTree expects to enter into one or more separate, privately negotiated transactions with one or more holders of: (i) its 2026 notes to exchange up to approximately $75.0 million in aggregate principal amount of the 2026 notes for shares of its common stock, and cash in respect of accrued and unpaid interest on such 2026 notes; and (ii) its 2029 notes to exchange up to approximately $275.0 million in aggregate principal amount of the 2029 notes for a combination of cash and shares of WisdomTree’s common stock, and cash in respect of accrued and unpaid interest on such 2029 notes, in each case on terms to be negotiated with each holder (each, a “notes exchange transaction” and together, the “notes exchange transactions”). No assurance can be given as to how much, if any, of the 2026 notes or the 2029 notes will be exchanged or the terms on which they will be exchanged.

WisdomTree expects that holders of the 2029 notes who agree to have their 2029 notes exchanged and who have hedged their equity price risk with respect to such notes (the “hedged holders”) will unwind all or part of their hedge positions by buying WisdomTree’s shares of common stock and/or entering into or unwinding various derivative transactions with respect to WisdomTree’s shares of common stock. The amount of common stock to be purchased by the hedged holders or in connection with such derivative transactions may be substantial in relation to the historic average daily trading volume of WisdomTree’s common stock. This activity by the hedged holders could increase (or reduce the size of any decrease in) the market price of WisdomTree’s common stock, including concurrently with the pricing of the notes offered in the offering. WisdomTree cannot predict the magnitude of such market activity or the overall effect it will have on the price of the notes offered in the offering or WisdomTree’s common stock.

The notes will only be offered to qualified institutional buyers pursuant to Rule 144A under the Securities Act. The notes and the common stock issuable upon conversion of the notes, if any, have not been and will not be registered under the Securities Act, or any state securities laws, and unless so registered, may not be offered or sold in the United States except pursuant to an applicable exemption from such registration requirements.

This announcement is neither an offer to sell or exchange nor a solicitation of an offer to buy or exchange any of these securities and shall not constitute an offer, solicitation, exchange or sale in any jurisdiction in which such offer, solicitation, exchange or sale is unlawful.

About WisdomTree

WisdomTree is a global financial innovator, offering a diverse suite of exchange-traded products (ETPs), models and solutions, private market investments and digital asset-related products. Our offerings empower investors to shape their financial future and equip financial professionals to grow their businesses. Leveraging the latest financial infrastructure, we create products that emphasize access and transparency and provide an enhanced user experience. Building on our heritage of innovation, we offer next-generation digital products and services related to tokenized real world assets and stablecoins, as well as our institutional platform, WisdomTree Connect™, and blockchain-native digital wallet, WisdomTree Prime^®*, and have expanded into private markets through the acquisition of Ceres Partners’ U.S. farmland platform.

* The WisdomTree Connect institutional platform and WisdomTree Prime digital wallet and digital asset services are made available through WisdomTree Digital Movement, Inc., a federally registered money services business, state-licensed money transmitter and financial technology company (NMLS ID: 2372500) or WisdomTree Digital Trust Company, LLC, and may be limited where prohibited by law. WisdomTree Digital Trust Company, LLC is chartered as a limited purpose trust company by the New York State Department of Financial Services to engage in virtual currency business.

WisdomTree currently has approximately $150.8 billion in assets under management globally, inclusive of assets managed by Ceres Partners, LLC as of the last reportable period.

WisdomTree^® is the marketing name for WisdomTree, Inc. and its subsidiaries worldwide.

PRODUCTS AND SERVICES AVAILABLE VIA WISDOMTREE CONNECT AND WISDOMTREE PRIME:

NOT FDIC INSURED | NO BANK GUARANTEE | NOT A BANK DEPOSIT | MAY LOSE VALUE | NOT SIPC PROTECTED | NOT INSURED BY ANY GOVERNMENT AGENCY

The products and services available through WisdomTree Connect and the WisdomTree Prime app are not endorsed, indemnified or guaranteed by any regulatory agency.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains forward-looking statements that are based on WisdomTree’s management’s beliefs and assumptions and on information currently available to management. Although WisdomTree believes that the expectations reflected in these forward-looking statements are reasonable, these statements relate to future events or WisdomTree’s future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “should,” “expects,” “intends,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “potential,” “continue” or the negative of these terms or other comparable terminology. These statements are only predictions. You should not place undue reliance on forward-looking statements because they involve known and unknown risks, uncertainties and other factors, which are, in some cases, beyond WisdomTree’s control and which could materially affect results. Factors that may cause actual results to differ materially from current expectations include, among other things, the risks described below. If one or more of these or other risks or uncertainties occur, or if WisdomTree’s underlying assumptions prove to be incorrect, actual events or results may vary significantly from those implied or projected by the forward-looking statements. No forward-looking statement is a guarantee of future performance. You should read this press release completely and with the understanding that WisdomTree’s actual future results may be materially different from any future results expressed or implied by these forward-looking statements.

In particular, forward-looking statements in this press release may include statements about the proposed terms of the notes, the size of the notes offering, including the option to purchase additional notes to be granted to the initial purchasers, the expected use of the proceeds from the sale of the notes (including to finance the Acquisition), the consummation of the Acquisition, the potential effects of the notes exchange transactions on WisdomTree’s common stock and the market price of the notes, and other statements contained in this press release that are not historical facts. Forward-looking statements are subject to many risks and uncertainties, including without limitation, risks related to or associated with whether WisdomTree will consummate the offering of the notes on the expected terms, or at all, which could differ or change based upon market conditions or other reasons, and the other risks set forth under the caption “Risk Factors” in WisdomTree’s Annual Report on Form 10-K for the year ended December 31, 2025, and in subsequent reports filed with or furnished to the Securities and Exchange Commission.

Category: Business Update

View source version on businesswire.com: https://www.businesswire.com/news/home/20260323368212/en/

Investor Relations

Jeremy Campbell

+1.917.267.3859

[e-mail]

Media Relations

Jessica Zaloom

+1.917.267.3735

[e-mail]

Original: WisdomTree Announces Private Offering of $525.0 Million of Convertible Senior Notes

[US Market News]

WisdomTree to Acquire Atlantic House Holdings Limited, Expanding Global ETF Lineup with Defined Outcome and Derivatives Capabilities

March 16, 2026 6:00 AM
Business Wire

Adds scaled derivatives ETF capabilities to accelerate growth in defined outcome strategies

Expands WisdomTree’s Models and Portfolio Solutions capabilities and strengthens UK distribution presence

WisdomTree, Inc. (NYSE: WT), a global financial innovator, today announced that it has entered into a definitive agreement to acquire Atlantic House Holdings Limited (“Atlantic House”), a London-based systematic manager specializing in defined outcome and derivatives-driven investment strategies, with approximately £4.1¹ billion (approximately $5.5 billion) in assets under management.

The acquisition advances WisdomTree’s strategy of combining strong organic growth with disciplined inorganic expansion and enhances its long-term growth profile through expanded product capabilities, broader distribution, and a deeper model portfolio footprint.

Key Highlights:

• 
  Expands global defined outcome and derivatives ETF capabilities, accelerating product innovation and launch capacity
  
  


• 
  Extends WisdomTree’s Models and Portfolio Solutions platform into the UK wealth market
  
  


• 
  Enhances cross-distribution through established UK adviser relationships and broader European reach
  
  


• 
  Accelerates growth, diversifies revenues and expands revenue yields and margins
  
  


• 
  Modestly accretive in 2026, with future upside from revenue synergies and operating scale
  
  

The purchase price is £150 million (approximately $200 million), payable at closing, subject to customary adjustments. The transaction is expected to close in Q2 2026, subject to approvals, financing and other customary closing conditions.

Strategic Rationale:

Advancing Active ETF and Defined Outcome Capabilities

The acquisition strengthens WisdomTree’s position in one of the fastest-growing segments of asset and wealth management by bringing in house established derivatives and systematic investment expertise with a proven track record. It expands the firm’s ability to design, launch and scale differentiated active ETFs and outcome-oriented strategies across global markets.

Expanding Models and Portfolio Solutions Platform

The acquisition also extends WisdomTree’s Models and Portfolio Solutions platform into the UK, building on established momentum in the United States. The added scale enhances portfolio construction capabilities, supports asset durability within the wealth channel and improves the resilience and quality of the firm’s revenue mix over time.

Expanding UK Adviser Distribution with Global Application

Atlantic House brings established relationships across the UK independent financial adviser market, enhancing WisdomTree’s distribution reach and supporting accelerated growth. This mirrors WisdomTree’s successful integrations of Boost ETP in 2014 and ETF Securities in 2018, where existing relationships helped scale the UCITS platform to approximately $15 billion in assets².

Disciplined and Growth-Oriented Transaction

The acquisition is expected to be modestly accretive and is consistent with WisdomTree’s disciplined capital allocation framework. By combining complementary product capabilities and distribution strengths, the transaction positions the firm for incremental revenue growth through product expansion, cross-distribution and enhanced model portfolio capabilities.

Jonathan Steinberg, WisdomTree’s Founder and CEO, said, “Atlantic House strengthens WisdomTree across multiple dimensions. It enhances our defined outcome and derivatives capabilities, expands our Models and Portfolio Solutions platform in the UK, and deepens our presence within the wealth channel. Importantly, it aligns with our disciplined capital allocation framework while positioning the firm for incremental revenue growth. This transaction also advances our multi-year strategy to build a more diversified and higher-quality growth platform, expanding on WisdomTree’s 2025 acquisition of Ceres Partners, LLC and our strategic entry into private markets.”

Tom May, Chief Executive Officer of Atlantic House, added, “Joining WisdomTree enables us to enhance our investment offering through WisdomTree’s extensive research capabilities and distribution platform. We see a significant opportunity to broaden access to our strategies across Europe and the United States, while continuing to serve our existing clients with the same disciplined approach and investment philosophy. Our products will continue to be managed by the same investment team, under my leadership as Global CIO, Outcome and Derivative Strategies at WisdomTree.”

Following the closing of the transaction, Atlantic House’s investment team will continue to manage existing strategies while working with WisdomTree to expand capabilities across ETF and model portfolio platforms.

Alexis Marinof, CEO, Europe, WisdomTree, said, “This acquisition represents an important step in our global growth strategy. Atlantic House has built a differentiated defined outcome, derivatives and model platform with a disciplined investment approach and established client relationships, aligning closely with our strategy to deliver scalable, innovative capabilities to meet evolving client needs. We look forward to welcoming the team to WisdomTree.”

This transaction advances WisdomTree’s strategy of expanding in structurally growing segments of asset management, including active ETFs, outcome-oriented alternatives and managed models. By integrating differentiated derivatives expertise with its global distribution network, the firm enhances its ability to innovate across public markets while deepening its presence in the wealth channel. Together with its existing strengths in ETFs, private markets and tokenization, the acquisition strengthens the firm’s capacity to deliver differentiated exposures and long-term value for clients and stockholders.

Following the completion of the transaction, it is anticipated that WisdomTree will manage approximately $163 billion³ in assets globally.

Advisors

Goodwin Procter LLP is acting as legal counsel to WisdomTree. Piper Sandler & Company is serving as exclusive financial advisor to Atlantic House and DAC Beachcroft LLP and Ogilvy & Wachtel are acting as legal counsel to the shareholders of Atlantic House.

About WisdomTree

WisdomTree is a global financial innovator, offering a diverse suite of exchange-traded products (ETPs), models and solutions, private market investments and digital asset-related products. Our offerings empower investors to shape their financial future and equip financial professionals to grow their businesses. Leveraging the latest financial infrastructure, we create products that emphasize access and transparency and provide an enhanced user experience. Building on our heritage of innovation, we offer next-generation digital products and services related to tokenized real world assets and stablecoins, as well as our institutional platform, WisdomTree Connect™, and blockchain-native digital wallet, WisdomTree Prime®*, and have expanded into private markets through the acquisition of Ceres Partners’ U.S. farmland platform.

* The WisdomTree Connect institutional platform and WisdomTree Prime digital wallet and digital asset services are made available through WisdomTree Digital Movement, Inc., a federally registered money services business, state-licensed money transmitter and financial technology company (NMLS ID: 2372500) or WisdomTree Digital Trust Company, LLC, and may be limited where prohibited by law. WisdomTree Digital Trust Company, LLC is chartered as a limited purpose trust company by the New York State Department of Financial Services to engage in virtual currency business. Visit https://www.wisdomtreeconnect.com, https://www.wisdomtreeprime.com or the WisdomTree Prime mobile app for more information.

WisdomTree currently has approximately $157 billion in assets under management globally, inclusive of assets managed by Ceres Partners, LLC as of the last reportable period.

For more information about WisdomTree, WisdomTree Connect and WisdomTree Prime, visit: https://www.wisdomtree.com.

Please visit us on X at @WisdomTreeNews.

WisdomTree® is the marketing name for WisdomTree, Inc. and its subsidiaries worldwide.

PRODUCTS AND SERVICES AVAILABLE VIA WISDOMTREE CONNECT AND WISDOMTREE PRIME:

NOT FDIC INSURED | NO BANK GUARANTEE | NOT A BANK DEPOSIT | MAY LOSE VALUE | NOT SIPC PROTECTED | NOT INSURED BY ANY GOVERNMENT AGENCY

The products and services available through WisdomTree Connect and the WisdomTree Prime app are not endorsed, indemnified or guaranteed by any regulatory agency.

About Atlantic House

Atlantic House is a leading derivatives-based investment manager, supporting multi-asset investors globally in building more predictable, resilient, and effective portfolios.

Specialising exclusively in derivatives, the firm combines deep expertise with robust risk management to deliver efficient, innovative, and tailored investment solutions. This focus allows clients to navigate uncertainty with confidence.

Atlantic House manages a range of market-leading strategies designed to meet specific investment objectives. These include the £2.5 billion Atlantic House Defined Returns Fund, the cornerstone of the firm’s Defined Return capability, alongside specialist strategies in Liquid Alternatives, Equity Replacement, Fixed Income, and Hedging, as well as bespoke structured notes offered through the firm’s solutions business.

About Albemarle Street Partners

Albemarle Street Partners, a part of Atlantic House, provides multi-asset solutions and acts as a trusted partner to independent financial advisers. With a disciplined and academically robust investment approach, they offer responsible, high-quality investment solutions, including multi-asset funds and model portfolios that reflect each adviser’s unique advice philosophy.

Committed to supporting advisers’ propositions and long-term business growth, Albemarle Street Partners looks to deliver consistent outcomes while providing excellent service and value for money.

Backed by an experienced team, the firm seeks to make a positive impact for advisers and their clients.

Cautionary Statement Regarding Forward-Looking Statements

This press release may contain a number of “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements about our ability to achieve our financial and business plans, goals and objectives and drive stockholder value, including with respect to our ability to successfully implement our strategic goals relating to our acquisition of Atlantic House and other risk factors discussed from time to time in WisdomTree’s filings with the Securities and Exchange Commission (“SEC”), including those factors discussed under the caption “Risk Factors” in our most recent annual report on Form 10-K, filed with the SEC on February 25, 2026, and in subsequent reports filed with or furnished to the SEC. These forward-looking statements are based on WisdomTree’s management’s current expectations, estimates, projections and beliefs, as well as a number of assumptions concerning future events. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside WisdomTree’s management’s control, that could cause actual results to differ materially from the results discussed in the forward-looking statements. Forward-looking statements included in this release speak only as of the date of this release. WisdomTree does not undertake any obligation to update its forward-looking statements to reflect events or circumstances after the date of this release except as may be required by the federal securities laws.

____________________ 1 Source: Atlantic House, as of March 11, 2026 2 Source: WisdomTree as of March 11, 2026 3 Source: WisdomTree and Atlantic House as of March 11, 2026

Category: Business Update 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260316984438/en/

Media Relations

WisdomTree, Inc.

Jessica Zaloom

+1.917.267.3735

[e-mail]
Arran Fano

WisdomTree Europe

[phone]

[e-mail]
Investor Relations

WisdomTree, Inc.

Jeremy Campbell

+1.917.267.3859

[e-mail]

Original: WisdomTree to Acquire Atlantic House Holdings Limited, Expanding Global ETF Lineup with Defined Outcome and Derivatives Capabilities

[US Market News]

WisdomTree Announces Fourth Quarter 2025 Results

January 30, 2026 7:00 AM
Business Wire

Record AUM of $144.5 Billion

Diluted Earnings Per Share of $0.28 ($0.29, as Adjusted)

320 bps of Annual Operating Margin Expansion vs. the Prior Year

WisdomTree, Inc. (NYSE: WT), a global financial innovator, today reported financial results for the fourth quarter of 2025.

$40.0 million of net income ($41.2⁽¹⁾ million of net income, as adjusted). See “Non-GAAP” Financial Measurements” for additional information.

$144.5 billion of ending AUM, an increase of 5.3% from the prior quarter arising from market appreciation and AUM related to our acquisition of Ceres Partners, LLC (the “Ceres Acquisition”), partly offset by net outflows.

($0.3) billion of net outflows, primarily driven by outflows from our fixed income products and partly offset by inflows into our international developed equity products.

0.35% average advisory fee, unchanged from the prior quarter.

0.42% adjusted revenue yield⁽²⁾, a 4 basis point increase from the prior quarter due to revenues arising from the Ceres Acquisition.

$147.4 million of operating revenues, an increase of 17.4% from the prior quarter due to revenues arising from the Ceres Acquisition, higher average AUM and higher other revenues attributable to our European listed exchange-traded products (“ETPs”).

83.2% gross margin⁽¹⁾, a 1 point increase from the prior quarter primarily due to an increase in revenues arising from the Ceres Acquisition.

40.5% operating income margin (41.7%⁽¹⁾ as adjusted), a 4.2 point increase (3.4 point increase, as adjusted) from the prior quarter primarily due to an increase in revenues arising from the Ceres Acquisition.

$0.03 quarterly dividend declared, payable on February 25, 2026 to stockholders of record as of the close of business on February 11, 2026.

Update from Jarrett Lilien, WisdomTree COO and President

“We closed 2025 with strong momentum, delivering $8.5 billion in net inflows, approximately 8% organic growth, and meaningful margin expansion. Model portfolios and SMAs continue to be a major growth engine, with model AUA surpassing $6 billion as adoption deepens across our client base. Combined with continued strength in ETFs and early traction in digital assets and private markets, we enter 2026 well positioned for sustained growth.”

Update from Jonathan Steinberg, WisdomTree CEO

“WisdomTree is operating from a position of strength, with a diversified and scalable platform delivering growth across asset classes, geographies and channels. What were once emerging initiatives, including models, tokenized assets and private markets, are now real businesses contributing to momentum today while still early in their growth. With disciplined execution and improving guidance, we enter 2026 with conviction in the durability of our strategy and its long-term compounding potential.”

OPERATING AND FINANCIAL HIGHLIGHTS
	Three Months Ended
	Dec. 31,				Sept. 30,				June 30,				Mar. 31,				Dec. 31,
	2025				2025				2025				2025				2024
Consolidated Operating Highlights ($ in billions):
AUM—end of period	$	144.5			$	137.2			$	126.1			$	115.8			$	109.8
Net (outflows)/inflows	$	(0.3	)		$	2.2			$	3.5			$	3.1			$	(0.3	)
Average AUM	$	140.7			$	130.8			$	119.2			$	114.6			$	112.3
Average advisory fee		0.35	%			0.35	%			0.35	%			0.35	%			0.36	%
Adjusted revenue yield(2)		0.42	%			0.38	%			0.38	%			0.38	%			0.39	%
Consolidated Financial Highlights ($ in millions, except per share amounts):
Operating revenues	$	147.4			$	125.6			$	112.6			$	108.1			$	110.7
Net income	$	40.0			$	19.7			$	24.8			$	24.6			$	27.3
Diluted earnings per share	$	0.28			$	0.13			$	0.17			$	0.17			$	0.18
Operating income margin		40.5	%			36.3	%			30.8	%			31.6	%			31.7	%
As Adjusted (Non-GAAP(1)):
Operating revenues, as adjusted	$	147.4			$	125.6			$	112.6			$	108.1			$	110.5
Gross margin		83.2	%			82.2	%			81.1	%			80.8	%			79.3	%
Net income, as adjusted	$	41.2			$	34.5			$	25.9			$	23.0			$	25.3
Diluted earnings per share, as adjusted	$	0.29			$	0.23			$	0.18			$	0.16			$	0.17
Operating income margin, as adjusted		41.7	%			38.3	%			32.5	%			31.6	%			31.7	%

RECENT BUSINESS DEVELOPMENTS

Company News In November 2025, We made a strategic minority investment in AlphaBeta ETF Ltd to accelerate AI-driven ETF innovation; WisdomTree was honored as ETF Issuer of the Year and WisdomTree Prime® was named Best Crypto Wallet at the 2025 Benzinga Fintech Day Awards; and WisdomTree Europe Defence UCITS ETF (WDEF) won Best Thematic ETF and ETF Launch of the Year at the 2025 ETF Stream Awards. In December 2025, WisdomTree was recognized as a 2025 Best Places to Work in Money Management by Pensions & Investments for the sixth consecutive year. The firm placed first in the large-employer category for managers with 100–499 employees. In January 2026, WisdomTree expanded its tokenization ecosystem to Solana, increasing access to Real World Assets (RWA); and WisdomTree won Best Thematic ETF in the inaugural Citywire ETF Awards, as judged by Citywire’s European professional investors readership. Product News In November 2025, we registered the WisdomTree Quantum Computing UCITS ETF (WQTM) and the WisdomTree Uranium and Nuclear Energy UCITS ETF (NCLR) for sale in Norway. From November 2025 through January 2026, we launched the following products: WisdomTree Quantum Computing Fund (WQTM) on the Chicago Board Options Exchange (CBOE); WisdomTree Equity Premium Income Digital Fund (Token: EPXC), available to both retail and institutional investors via the WisdomTree Prime® and WisdomTree Connect™ platforms; WisdomTree Efficient TIPS Plus Gold Fund (GDT) and WisdomTree Efficient Long/Short U.S. Equity Fund (WTLS) on the Chicago Board Options Exchange (CBOE); WisdomTree Global Value UCITS ETF (WTVG), WisdomTree US Value UCITS ETF (WTVU) and WisdomTree Europe Value UCITS ETF (WTVE) on the London Stock Exchange, Börse Xetra and Borsa Italiana; and WisdomTree Physical Lido Staked Ether ETP, the world’s first Physical Lido Staked Ether ETP (LIST), on Börse Xetra, SIX Swiss Exchange and Euronext exchanges in Amsterdam and Paris. In January 2026, we cross-listed the WisdomTree Global Ex-USA Quality Dividend Growth UCITS ETF (XUSA) on SIX Swiss Exchange.

WISDOMTREE, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands, except per share amounts) (Unaudited)
	Three Months Ended																				Years Ended
	Dec. 31,				Sept. 30,				June 30,				Mar. 31,				Dec. 31,				Dec. 31,				Dec. 31,
	2025				2025				2025				2025				2024				2025				2024
Operating Revenues:
Advisory fees	$	122,712			$	114,485			$	103,241			$	99,549			$	102,264			$	439,987			$	395,362
Management fees		4,908				—				—				—				—				4,908				—
Performance fees		7,105				—				—				—				—				7,105				—
Other revenues		12,709				11,131				9,380				8,533				8,433				41,753				32,375
Total revenues		147,434				125,616				112,621				108,082				110,697				493,753				427,737
Operating Expenses:
Compensation and benefits		37,273				33,791				32,827				33,788				30,032				137,679				121,281
Fund management and administration		24,830				22,353				21,252				20,714				22,858				89,149				83,963
Marketing and advertising		5,613				4,788				5,330				4,813				6,117				20,544				20,532
Sales and business development		4,045				3,943				4,232				4,137				4,101				16,357				14,817
Professional fees		3,596				3,505				3,177				2,782				4,559				13,060				21,098
Occupancy, communications and equipment		1,892				1,601				1,559				1,482				1,423				6,534				5,344
Depreciation and amortization		2,043				615				580				540				504				3,778				1,752
Third-party distribution fees		4,772				3,977				4,083				3,112				3,161				15,944				11,138
Acquisition-related costs		317				2,409				1,967				—				—				4,693				—
Other		3,306				2,980				2,982				2,552				2,902				11,820				10,519
Total operating expenses		87,687				79,962				77,989				73,920				75,657				319,558				290,444
Operating income		59,747				45,654				34,632				34,162				35,040				174,195				137,293
Other Income/(Expenses):
Interest expense		(11,023	)			(8,466	)			(5,490	)			(5,441	)			(5,616	)			(30,420	)			(18,911	)
Interest income		2,965				4,015				2,090				1,897				2,147				10,967				6,778
Loss on extinguishment of convertible notes		(833	)			(13,011	)			—				—				—				(13,844	)			(30,632	)
Remeasurement of contingent consideration		(710	)			—				—				—				—				(710	)			—
Other gains and losses, net		317				1,325				638				(250	)			2,627				2,030				874
Income before income taxes		50,463				29,517				31,870				30,368				34,198				142,218				95,402
Income tax expense		10,437				9,816				7,093				5,739				6,890				33,085				28,709
Net income.		40,026				19,701			$	24,777			$	24,629			$	27,308			$	109,133			$	66,693
Earnings per share—basic	$	0.29			$	0.14(3)			$	0.17			$	0.17			$	0.19			$	0.77(3)			$	0.34(3)
Earnings per share—diluted	$	0.28			$	0.13(3)			$	0.17			$	0.17			$	0.18			$	0.75(3)			$	0.33(3)
Weighted average common shares—basic		136,340				139,584				143,076				142,580				141,275				140,376				144,630
Weighted average common shares—diluted		143,314				150,675				146,640				146,545				147,612				144,939				158,844
As Adjusted (Non-GAAP(1))
Total revenues.	$	147,434			$	125,616			$	112,621			$	108,082			$	110,505
Total operating expenses	$	85,936			$	77,553			$	76,022			$	73,920			$	75,465
Operating income	$	61,498			$	48,063			$	36,599			$	34,162			$	35,040
Income before income taxes.	$	53,840			$	45,318			$	33,798			$	30,947			$	33,033
Income tax expense	$	12,605			$	10,842			$	7,935			$	7,933			$	7,753
Net income	$	41,235			$	34,476			$	25,863			$	23,014			$	25,280
Earnings per share—diluted	$	0.29			$	0.23			$	0.18			$	0.16			$	0.17
Weighted average common shares—diluted		143,314				150,675				146,640				146,545				147,612

QUARTERLY HIGHLIGHTS

Operating Revenues

• 
  Operating revenues increased 17.4% and 33.2% from the third quarter of 2025 and fourth quarter of 2024, respectively, due to revenues arising from the Ceres Acquisition, higher average AUM and higher other revenues attributable to our European listed ETPs. The increase from the fourth quarter of 2024 was partly offset by a lower average advisory fee.
  
  


• 
  Our average advisory fee was 0.35% during the third and fourth quarters of 2025 and 0.36% during the fourth quarter of 2024.
  
  

Operating Expenses

• 
  Operating expenses increased 9.7% from the third quarter of 2025 primarily due to compensation expense arising from the Ceres Acquisition, fund management and administration expenses, and amortization of intangible assets arising from the Ceres Acquisition. These increases were partly offset by lower acquisition-related costs.
  
  


• 
  Operating expenses increased 15.9% from the fourth quarter of 2024 primarily due to compensation expense arising from the Ceres Acquisition and higher headcount, fund management and administration expenses, third-party distribution fees and amortization of intangible assets arising from the Ceres Acquisition. These increases were partly offset by lower professional fees and marketing expenses.
  
  

Other Income/(Expenses)

• 
  Interest expense increased 30.2% and 96.3% from the third quarter of 2025 and the fourth quarter of 2024, respectively, due to a higher level of debt outstanding, partly offset by a lower average interest rate.
  
  


• 
  Interest income decreased 26.2% and increased 38.1% from the third quarter of 2025 and the fourth quarter of 2024, respectively, due to fluctuations in the level of interest-earning assets.
  
  


• 
  Other gains and losses, net, was a gain of $0.3 million for the fourth quarter of 2025. This included net gains of $0.1 million on our investments. Gains and losses also generally arise from the sale of gold and cryptocurrency earned from advisory fees paid by our physically-backed gold and crypto ETPs, foreign exchange fluctuations and miscellaneous items.
  
  

Income Taxes

• 
  Our effective income tax rate for the fourth quarter of 2025 was 20.7%, resulting in income tax expense of $10.4 million. The effective tax rate differs from the federal statutory rate of 21.0% primarily due to a reduction in the valuation allowance on capital losses and a lower tax rate on foreign earnings. These items were partly offset by state and local income taxes.
  
  


• 
  Our adjusted effective income tax rate for the fourth quarter of 2025 was 23.4%⁽¹⁾.
  
  

ANNUAL HIGHLIGHTS

• 
  Operating revenues increased 15.4% as compared to 2024 due to revenues arising from the Ceres Acquisition, higher average AUM and higher other revenues attributable to our European listed ETPs, partly offset by a lower average advisory fee. Other income for the prior year also included $4.3 million of other revenues related to legal and other related expenses incurred in connection with a settlement with the U.S. Securities and Exchange Commission (the “SEC”) regarding certain statements about the ESG screening process for three ETFs advised by WisdomTree Asset Management, Inc. (the “SEC ESG Settlement”) that were covered by insurance.
  
  


• 
  Operating expenses increased 10.0% as compared to 2024 primarily due to compensation expense arising from the Ceres Acquisition and higher headcount, fund management and administration expenses, acquisition-related costs, third-party distribution fees, occupancy costs and sales and business development expenses. These increases were partly offset by lower professional fees, as the prior year included $5.0 million of expenses incurred in response to an activist campaign and $4.3 million of other revenues related to legal and other related expenses incurred in connection with the SEC ESG Settlement that were covered by insurance.
  
  


• 
  Significant items reported in other income/(expense) in 2025 include: an increase in interest expense of 60.9% due to a higher level of debt outstanding, partly offset by a lower average interest rate; a loss on extinguishment of convertible notes of $13.8 million arising from the repurchase of $25.8 million aggregate principal amount of our 5.75% convertible senior notes due 2028; an increase in interest income of 61.8% due to an increase in our interest-earning assets; net gains on our financial instruments owned of $1.9 million and $1.2 million of foreign currency remeasurement losses on U.S. dollars held by foreign subsidiaries. Gains and losses also generally arise from the sale of gold earned on advisory fees paid by our physically-backed gold ETPs, other foreign exchange fluctuations and miscellaneous items.
  
  


• 
  Our effective income tax rate for 2025 was 23.3%, resulting in an income tax expense of $33.1 million. Our tax rate differs from the federal statutory rate of 21.0% primarily due to a non-deductible loss on extinguishment of convertible notes and state and local income taxes. These items were partly offset by a reduction in the valuation allowance on capital losses and a lower tax rate on foreign earnings.
  
  

CONFERENCE CALL DIAL-IN AND WEBCAST DETAILS

WisdomTree will discuss its results and operational highlights during a live webcast on Friday, January 30, 2026 at 11:00 a.m. ET, which, together with all earnings materials, can be accessed via WisdomTree’s investor relations website at https://ir.wisdomtree.com. A replay of the webcast will be available shortly after the call.

Participants also can dial in using the following numbers: [phone] or [phone]. Click here to access the participant international toll-free access numbers.

To avoid delays, we encourage participants to log in or dial into the conference call 10 minutes ahead of the scheduled start time.

About WisdomTree

WisdomTree is a global financial innovator, offering a diverse suite of exchange-traded products (ETPs), models and solutions, private market investments and digital asset-related products. Our offerings empower investors to shape their financial future and equip financial professionals to grow their businesses. Leveraging the latest financial infrastructure, we create products that emphasize access, transparency and provide an enhanced user experience. Building on our heritage of innovation, we offer next-generation digital products and services related to tokenized real world assets and stablecoins, as well as our institutional platform, WisdomTree Connect™ and blockchain-native digital wallet, WisdomTree Prime^®*, and have expanded into private markets through the acquisition of Ceres Partners’ U.S. farmland platform.

* The WisdomTree Connect institutional platform and WisdomTree Prime digital wallet and digital asset services are made available through WisdomTree Digital Movement, Inc., a federally registered money services business, state-licensed money transmitter and financial technology company (NMLS ID: 2372500) or WisdomTree Digital Trust Company, LLC, in select U.S. jurisdictions and may be limited where prohibited by law. WisdomTree Digital Trust Company, LLC is chartered as a limited purpose trust company by the New York State Department of Financial Services to engage in virtual currency business. Visit https://wisdomtreeconnect.com, https://www.wisdomtreeprime.com or the WisdomTree Prime mobile app for more information.

WisdomTree currently has approximately $159.0 billion in assets under management globally, inclusive of assets under management related to our recently completed acquisition of Ceres Partners, LLC.

For more information about WisdomTree, WisdomTree Connect and WisdomTree Prime, visit: https://www.wisdomtree.com.

Please visit us on X at @WisdomTreeNews.

WisdomTree^® is the marketing name for WisdomTree, Inc. and its subsidiaries worldwide.

PRODUCTS AND SERVICES AVAILABLE VIA WISDOMTREE CONNECT AND WISDOMTREE PRIME:

NOT FDIC INSURED | NO BANK GUARANTEE | NOT A BANK DEPOSIT | MAY LOSE VALUE | NOT SIPC PROTECTED | NOT INSURED BY ANY GOVERNMENT AGENCY

The products and services available through WisdomTree Connect and the WisdomTree Prime app are not endorsed, indemnified or guaranteed by any regulatory agency.

__________________
(1)	See “Non-GAAP Financial Measurements.”
(2)	Adjusted revenue yield is computed by dividing our annualized adjusted operating revenues as reported in the GAAP to Non-GAAP Reconciliation herein by our average AUM during the period.
(3)	Earnings per share (“EPS”) is calculated pursuant to the two-class method as it results in a lower EPS amount as compared to the treasury stock method. In addition, the three months ended September 30, 2025 includes $718 of stock repurchase excise taxes, which is excluded from net income, but is required to be added to net income to arrive at income available to common stockholders in the calculation of EPS. This item is excluded from our EPS when computed on a non-GAAP basis.

WISDOMTREE, INC. AND SUBSIDIARIES KEY OPERATING STATISTICS (Unaudited)
	Three Months Ended
	Dec. 31,				Sept. 30,				June 30,				Mar. 31,				Dec. 31,
	2025				2025				2025				2025				2024
GLOBAL PRODUCTS ($ in millions)
Beginning of period assets	$	137,175			$	126,070			$	115,787			$	109,779			$	112,577
Add: Digital Assets—Jan. 1, 2025		—				—				—				32				—
Add: Assets acquired—Ceres Acquisition		1,812				—				—				—				—
(Outflows)/inflows		(283	)			2,240				3,529				3,052				(281	)
Market appreciation/(depreciation)		5,820				8,865				6,754				2,924				(2,517	)
End of period assets	$	144,524			$	137,175			$	126,070			$	115,787			$	109,779
Average assets during the period	$	140,685			$	130,760			$	119,185			$	114,622			$	112,349
Average ETP advisory fee during the period		0.35	%			0.35	%			0.35	%			0.35	%			0.36	%
Total revenue yield		0.42	%			0.38	%			0.38	%			0.38	%			0.39	%
Revenue days		92				92				91				90				92
Number of products—end of the period		406				397				383			375([1])					353
ETPs AND TOKENIZED PRODUCTS
U.S. LISTED ETFs ($ in millions)
Beginning of period assets	$	88,293			$	85,179			$	80,531			$	79,095			$	81,267
(Outflows)/inflows		(1,108	)			(445	)			1,110				1,847				(40	)
Market appreciation/(depreciation)		1,336				3,559				3,538				(411	)			(2,132	)
End of period assets	$	88,521			$	88,293			$	85,179			$	80,531			$	79,095
Average assets during the period	$	88,074			$	87,205			$	81,525			$	81,127			$	80,661
Number of ETFs—end of the period		86				84				81				78				78
EUROPEAN LISTED ETPs ($ in millions)
Beginning of period assets	$	48,290			$	40,541			$	35,124			$	30,684			$	31,310
Inflows/(outflows)		609				2,447				2,201				1,104				(241	)
Market appreciation/(depreciation)		4,446				5,302				3,216				3,336				(385	)
End of period assets	$	53,345			$	48,290			$	40,541			$	35,124			$	30,684
Average assets during the period	$	50,102			$	42,853			$	37,439			$	33,415			$	31,688
Number of ETPs—end of the period		300				295				285				280				275
DIGITAL ASSETS ($ in millions)
Beginning of period assets	$	592			$	350			$	132			$	—			$	—
Add: Digital Assets—Jan. 1, 2025		—				—				—				32				—
Inflows		179				238				218				101				—
Market (depreciation)/appreciation		(2	)			4				—				(1	)			—
End of period assets	$	769			$	592			$	350			$	132			$
Average assets during the period	$	694			$	702			$	221			$	80			$
Number of products—end of the period		19				18				17				17(1)				—
PRIVATE ASSETS ($ in millions)
Beginning of period assets	$	—			$	—			$	—			$	—			$	—
Add: Assets acquired—Ceres Acquisition		1,812				—				—				—				—
Inflows		37				—				—				—				—
Market appreciation		40				—				—				—				—
End of period assets	$	1,889			$	—			$	—			$	—			$	—
Average assets during the period	$	1,815			$	—			$	—			$	—			$	—
Number of products—end of the period		1				—				—				—				—
ETPs AND TOKENIZED PRODUCT CATEGORIES ($ in millions)
U.S. Equity
Beginning of period assets.	$	40,977			$	38,617			$	35,628			$	35,414			$	34,643
Add: Digital Assets—Jan. 1, 2025.		—				—				—				9				—
Inflows		191				32				1,284				962				1,100
Market appreciation/(depreciation)		260				2,328				1,705				(757	)			(329	)
End of period assets	$	41,428			$	40,977			$	38,617			$	35,628			$	35,414
Average assets during the period	$	41,163			$	40,024			$	36,080			$	36,281			$	35,714
Commodity & Currency
Beginning of period assets	$	31,705			$	26,696			$	25,487			$	21,906			$	23,034
Add: Digital Assets—Jan. 1, 2025		—				—				—				1				—
Inflows/(outflows)		177				1,096				(110	)			(159	)			(441	)
Market appreciation/(depreciation)		5,098				3,913				1,319				3,739				(687	)
End of period assets	$	36,980			$	31,705			$	26,696			$	25,487			$	21,906
Average assets during the period	$	33,824			$	28,162			$	25,888			$	23,993			$	22,989
International Developed Market Equity
Beginning of period assets	$	23,893			$	21,725			$	18,178			$	17,602			$	18,075
Inflows		1,146				477				1,649				474				63
Market appreciation/(depreciation)		577				1,691				1,898				102				(536	)
End of period assets	$	25,616			$	23,893			$	21,725			$	18,178			$	17,602
Average assets during the period	$	24,708			$	22,481			$	19,577			$	18,275			$	17,716
Fixed Income
Beginning of period assets	$	22,509			$	22,543			$	22,230			$	20,043			$	20,767
Add: Digital Assets—Jan. 1, 2025		—				—				—				21				—
(Outflows)/inflows		(1,355	)			(58	)			148				2,093				(387	)
Market (depreciation)/appreciation		(80	)			24				165				73				(337	)
End of period assets	$	21,074			$	22,509			$	22,543			$	22,230			$	20,043
Average assets during the period	$	21,422			$	23,128			$	22,526			$	21,464			$	20,398
Emerging Market Equity
Beginning of period assets	$	10,855			$	10,957			$	9,985			$	10,468			$	12,452
(Outflows)/inflows		(508	)			(250	)			28				(445	)			(908	)
Market appreciation/(depreciation)		296				148				944				(38	)			(1,076	)
End of period assets	$	10,643			$	10,855			$	10,957			$	9,985			$	10,468
Average assets during the period	$	10,839			$	10,874			$	10,295			$	10,072			$	11,407
Leveraged & Inverse
Beginning of period assets	$	2,913			$	2,631			$	2,133			$	1,924			$	2,082
(Outflows)/inflows		(15	)			(52	)			141				116				(69	)
Market appreciation/(depreciation)		377				334				357				93				(89	)
End of period assets	$	3,275			$	2,913			$	2,631			$	2,133			$	1,924
Average assets during the period	$	3,097			$	2,750			$	2,354			$	2,083			$	2,032
Cryptocurrency
Beginning of period assets	$	3,168			$	2,087			$	1,553			$	1,912			$	1,054
Add: Digital Assets—Jan. 1, 2025		—				—				—				1				—
(Outflows)/inflows		(117	)			764				198				(89	)			315
Market (depreciation)/appreciation		(809	)			317				336				(271	)			543
End of period assets	$	2,242			$	3,168			$	2,087			$	1,553			$	1,912
Average assets during the period	$	2,550			$	2,412			$	1,800			$	1,900			$	1,599
Alternatives
Beginning of period assets	$	1,155			$	814			$	593			$	510			$	470
Inflows		161				231				191				100				46
Market appreciation/(depreciation)		61				110				30				(17	)			(6	)
End of period assets	$	1,377			$	1,155			$	814			$	593			$	510
Average assets during the period	$	1,267			$	929			$	665			$	554			$	494
Headcount		360				338				321				315				313

__________________

(1) Includes 17 digital assets products, which were launched prior to January 1, 2025.

Note: Previously issued statistics may be restated due to fund closures and trade adjustments.

Source: WisdomTree

WISDOMTREE, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (in thousands, except per share amounts)
	Dec. 31,			Dec. 31,
		2025			2024
	(Unaudited)
ASSETS
Current assets:
Cash, cash equivalents and restricted cash	$	311,732		$	181,191
Financial instruments owned, at fair value		107,117			85,439
Accounts receivable		64,452			44,866
Prepaid expenses		7,338			5,340
Other current assets		1,723			1,542
Total current assets		492,362			318,378
Fixed assets, net		431			336
Deferred tax assets, net		9,803			11,656
Investments		29,075			8,922
Right of use assets—operating leases		2,764			880
Goodwill		228,624			86,841
Intangible assets, net		748,957			605,896
Other noncurrent assets		925			631
Total assets	$	1,512,941		$	1,033,540
LIABILITIES AND STOCKHOLDERS’ EQUITY
LIABILITIES
Current liabilities:
Convertible notes—current	$	149,604		$	—
Compensation and benefits payable		52,435			39,701
Fund management and administration payable		29,448			31,135
Payable to Gold Bullion Holdings (Jersey) Limited (“GBH”)		13,940			14,804
Operating lease liabilities		1,614			709
Income taxes payable		2,295			724
Accounts payable and other liabilities		32,720			22,124
Total current liabilities		282,056			109,197
Convertible notes—long term		804,203			512,033
Contingent consideration		11,844			—
Operating lease liabilities—long term		1,166			171
Payable to GBH		—			12,159
Total liabilities		1,099,269			633,560
STOCKHOLDERS’ EQUITY
Common stock, par value $0.01; 400,000 shares authorized:
Issued and outstanding: 140,713 and 146,102 at December 31, 2025 and December 31, 2024, respectively		1,407			1,461
Additional paid-in capital		189,244			270,303
Accumulated other comprehensive gain/(loss)		2,227			(1,607	)
Retained earnings		220,794			129,823
Total stockholders’ equity		413,672			399,980
Total liabilities and stockholders’ equity	$	1,512,941		$	1,033,540

WISDOMTREE, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS (in thousands) (Unaudited)
	Years Ended December 31,
		2025			2024
Cash flows from operating activities:
Net income	$	109,133			$	66,693
Adjustments to reconcile net income to net cash provided by operating activities:
Advisory and license fees paid in gold, other precious metals and cryptocurrency		(73,540	)			(53,452	)
Stock-based compensation		21,619				20,691
Loss on extinguishment of convertible notes		13,844				30,632
Depreciation and amortization		3,778				1,752
Amortization of issuance costs—convertible notes		3,297				1,893
Gains on financial instruments owned, at fair value		(1,904	)			(4,851	)
Imputed interest on payable to GBH		1,781				2,635
Amortization of right of use asset		1,527				1,304
Deferred income taxes		981				(398	)
Increase in fair value of contingent consideration		710				—
Net (gains)/losses on investments		(50	)			1,135
Changes in operating assets and liabilities:
Accounts receivable		(2,282	)			(9,036	)
Prepaid expenses		(1,872	)			(107	)
Gold and other precious metals		70,624				52,640
Other assets		(537	)			(247	)
Fund management and administration payable		(2,382	)			1,290
Compensation and benefits payable		7,936				1,937
Income taxes payable		1,647				(3,126	)
Operating lease liabilities		(1,509	)			(1,320	)
Accounts payable and other liabilities		(4,855	)			3,396
Net cash provided by operating activities		147,946				113,461
Cash flows from investing activities:
Cash paid—Ceres acquisition, net of cash acquired		(270,346	)			—
Purchase of financial instruments owned, at fair value		(32,028	)			(69,439	)
Purchase of investments		(20,053	)			(674	)
Cash paid—software development		(2,968	)			(2,336	)
Purchase of fixed assets		(215	)			(141	)
Proceeds from the sale of financial instruments owned, at fair value		12,577				48,126
Proceeds from the exit from investment in Securrency, Inc.		—				565
Proceeds from held-to-maturity securities maturing or called prior to maturity		—				24
Net cash used in investing activities		(313,033	)			(23,875	)
Cash flows from financing activities:
Common stock repurchased		(102,732	)			(62,870	)
Repurchase and maturity of convertible notes		(39,304	)			(132,713	)
Dividends paid		(17,308	)			(19,002	)
Cash paid to GBH		(14,804	)			(14,804	)
Issuance costs—convertible notes		(11,064	)			(7,667	)
Repurchase of Series A Non-Voting Convertible Preferred Stock		—				(143,812	)
Proceeds from the issuance of convertible notes		475,000				345,000
Repurchase costs—Series A Non-Voting Convertible Preferred Stock		—				(132	)
Net cash provided by/(used in) financing activities		289,788				(36,000	)
Increase/(decrease) in cash flow due to changes in foreign exchange rate		5,840				(1,700	)
Net increase in cash, cash equivalents and restricted cash		130,541				51,886
Cash, cash equivalents and restricted cash—beginning of year		181,191				129,305
Cash, cash equivalents and restricted cash—end of period	$	311,732			$	181,191
Supplemental disclosure of cash flow information:
Cash paid for income taxes	$	30,340			$	32,218
Cash paid for interest	$	17,636			$	12,350

NON-GAAP FINANCIAL MEASUREMENTS

In an effort to provide additional information regarding our results as determined by GAAP, we also disclose certain non-GAAP information which we believe provides useful and meaningful information. Our management reviews these non-GAAP financial measurements when evaluating our financial performance and results of operations; therefore, we believe it is useful to provide information with respect to these non-GAAP measurements so as to share this perspective of management. Non-GAAP measurements do not have any standardized meaning, do not replace nor are they superior to GAAP financial measurements and are unlikely to be comparable to similar measures presented by other companies. These non-GAAP financial measurements should be considered in the context with our GAAP results. The non-GAAP financial measurements contained in this press release include:

Adjusted Revenues, Operating Income, Operating Expenses, Income Before Income Taxes, Income Tax Expense, Net Income and Diluted Earnings per Share

We disclose adjusted revenues, operating income, operating expenses, income before income taxes, income tax expense, net income and diluted earnings per share as non-GAAP financial measurements in order to report our results exclusive of items that are non-recurring or not core to our operating business. We believe presenting these non-GAAP financial measurements provides investors with a consistent way to analyze our performance. These non-GAAP financial measurements exclude the following:

Gains or losses on financial instruments owned: We account for our financial instruments owned as trading securities, which requires these instruments to be measured at fair value with gains and losses reported in net income. We exclude these items when calculating our non-GAAP financial measurements as the gains and losses introduce earnings volatility and are not core to our operating business.

Foreign currency remeasurement gains and losses on U.S. dollars held by foreign subsidiaries: GAAP requires account balances to be remeasured into an entity’s functional currency, with resulting gains and losses reported in net income. Foreign subsidiaries holding U.S. dollars remeasure these balances into their functional currencies and recognize the gains and losses. Beginning in the second quarter of 2025, we began excluding remeasurement effects from our non-GAAP financial measures, as they introduce earnings volatility, are not core to our operations and arise from balances denominated in our reporting currency.

Tax windfalls and shortfalls upon vesting of stock-based compensation awards: GAAP requires the recognition of tax windfalls and shortfalls within income tax expense. These items arise upon the vesting of stock-based compensation awards and the magnitude is directly correlated to the number of awards vesting/exercised, as well as the difference between the price of our stock on the date the award was granted and the date the award vested or was exercised. We exclude these items when calculating our non-GAAP financial measurements as they introduce earnings volatility and are not core to our operating business.

Amortization of intangible assets and remeasurement of contingent consideration arising from our acquisition of Ceres Partners, LLC: On October 1, 2025, we completed the Ceres Acquisition for aggregate consideration consisting of (i) $275 million in cash payable at closing, subject to customary post-closing adjustments and (ii) contingent consideration of up to $225 million, payable in 2030, contingent upon Ceres Partners, LLC achieving a compound annual growth rate (“CAGR”) in revenues of 12% to 22% during the measurement period of January 1, 2025 through December 31, 2029. GAAP requires contingent consideration to be re-measured each reporting period with changes in fair value reported in net income. In addition, a portion of the consideration totaling $143.5 million was allocated to intangible assets, which is amortized over 25 years. We exclude changes in fair value of contingent consideration and amortization of intangible assets arising from the Ceres Acquisition when calculating our non-GAAP financial measurements as these items are not core to our operating business.

Other items: Changes in deferred tax asset valuation allowance, loss on extinguishment of convertible notes, acquisition-related costs, imputed interest on our payable to Gold Bullion Holdings (Jersey) Limited (“GBH”) and gains and losses recognized on our investments are excluded when calculating our non-GAAP financial measurements. We also offset revenues and related expenses pertaining to legal and other related expenses covered by insurance as the gross presentation required under GAAP serves to overstate our revenues and expenses in the ordinary course of business.

Adjusted Effective Income Tax Rate

We disclose our adjusted effective income tax rate as a non-GAAP financial measurement in order to report our effective income tax rate exclusive of items that are non-recurring or not core to our operating business. We believe reporting our adjusted effective income tax rate provides investors with a consistent way to analyze our income taxes. Our adjusted effective income tax rate is calculated by dividing adjusted income tax expense by adjusted income before income taxes. See above for information regarding the items that are excluded.

Gross Margin and Gross Margin Percentage

We disclose our gross margin and gross margin percentage as non-GAAP financial measurements because we believe they provide investors with a consistent way to analyze the amount we retain after paying third-party service providers to operate our ETPs. These measures also assist us in analyzing the profitability of our products. We define gross margin as total adjusted operating revenues less fund management and administration expenses. Gross margin percentage is calculated as gross margin divided by total adjusted operating revenues.

GAAP to NON-GAAP RECONCILIATION (CONSOLIDATED) (in thousands) (Unaudited)
	Three Months Ended
	Dec. 31,				Sept. 30,				June 30,				Mar. 31,				Dec. 31,
Adjusted Net Income and Diluted Earnings per Share:	2025				2025				2025				2025				2024
Net income, as reported	$	40,026			$	19,701			$	24,777			$	24,629			$	27,308
(Deduct)/add back: (Decrease)/increase in deferred tax asset valuation allowance on capital losses		(1,237	)			(24	)			(459	)			30				(428	)
Add back: Amortization of intangible assets arising from the Ceres Acquisition, net of income taxes		1,086				—				—				—				—
Add back: Increase in fair value of contingent consideration, net of income taxes		538				—				—				—				—
Add back: Loss on extinguishment of convertible notes, net of income taxes		505				12,763				—				—				(718	)
Add back: Imputed interest on payable to GBH, net of income taxes		285				364				354				344				451
Add back: Acquisition-related costs, net of income taxes		240				1,824				1,489				—				—
(Deduct)/add back: Foreign currency remeasurement (gains)/losses on U.S. dollar balances, net of income taxes		(141	)			—				1,136				—				—
(Deduct)/add back: (Gains)/losses recognized on investments, net of income taxes		(75	)			734				(458	)			(239	)			389
Add back/(deduct): Losses/(gains) on financial instruments owned, net of income taxes		8				(810	)			(972	)			333				(1,722	)
Deduct: Tax windfalls upon vesting of stock-based compensation awards		—				(76	)			(4	)			(2,083	)			—
Adjusted net income	$	41,235			$	34,476			$	25,863			$	23,014			$	25,280
Weighted average common shares—diluted		143,314				150,675				146,640				146,545				147,612
Adjusted earnings per share—diluted	$	0.29			$	0.23			$	0.18			$	0.16			$	0.17

	Three Months Ended
	Dec. 31,				Sept. 30,				June 30,				Mar. 31,				Dec. 31
Gross Margin and Gross Margin Percentage:	2025				2025				2025				2025				2024
Operating revenues	$	147,434			$	125,616			$	112,621			$	108,082			$	110,697
Deduct: Legal and other related expenses covered by insurance		—				—				—				—				(192	)
Operating revenues, as adjusted	$	147,434			$	125,616			$	112,621			$	108,082			$	110,505
Deduct: Fund management and administration		(24,830	)			(22,353	)			(21,252	)			(20,714	)			(22,858	)
Gross margin	$	122,604			$	103,263			$	91,369			$	87,368			$	87,647
Gross margin percentage		83.2	%			82.2	%			81.1	%			80.8	%			79.3	%

	Three Months Ended
	Dec. 31,				Sept. 30,				June 30,				Mar. 31,				Dec. 31,
Adjusted Operating Revenues, Operating Income and Adjusted Operating Income Margin:	2025				2025				2025				2025				2024
Operating revenues	$	147,434			$	125,616			$	112,621			$	108,082			$	110,697
Deduct: Legal and other related expenses covered by insurance						—				—				—				(192	)
Operating revenues, as adjusted	$	147,434			$	125,616			$	112,621			$	108,082			$	110,505
Operating income		59,747			$	45,654			$	34,632			$	34,162			$	35,040
Add back: Amortization of intangible assets arising from the Ceres acquisition		1,434				—				—				—				—
Add back: Acquisition-related costs		317				2,409				1,967				—				—
Adjusted operating income		61,498			$	48,063			$	36,599			$	34,162			$	35,040
Adjusted operating income margin		41.7	%			38.3	%			32.5	%			31.6	%			31.7	%

	Three Months Ended
	Dec. 31,				Sept. 30,				June 30,				Mar. 31,			Dec. 31,
Adjusted Total Operating Expenses:	2025				2025				2025				2025			2024
Total operating expenses	$	87,687			$	79,962			$	77,989			$	73,920		$	75,657
Deduct: Amortization of intangible assets arising from the Ceres acquisition		(1,434	)			—				—				—			—
Deduct: Acquisition-related costs		(317	)			(2,409	)			(1,967	)			—			—
Deduct: Legal and other related expenses covered by insurance		—				—				—				—			(192	)
Adjusted total operating expenses	$	85,936			$	77,553			$	76,022			$	73,920		$	75,465

	Three Months Ended
	Dec. 31,				Sept. 30,				June 30,				Mar. 31,				Dec. 31,
Adjusted Income Before Income Taxes:	2025				2025				2025				2025				2024
Income before income taxes	$	50,463			$	29,517			$	31,870			$	30,368			$	34,198
Add back: Amortization of intangible assets arising from the Ceres Acquisition		1,434				—				—				—				—
Add back: Loss on extinguishment of convertible notes		833				13,011				—				—				—
Add back: Increase in fair value of contingent consideration		710				—				—				—				—
Add back: Imputed interest on payable to GBH		377				481				467				455				596
Add back: Acquisition-related costs		317				2,409				1,967				—				—
(Deduct)/add back: Foreign currency remeasurement (gains)/losses on U.S. dollar balances, net of income taxes		(205	)			—				1,383				—				—
(Deduct)/add back: (Gains)/losses recognized on investments		(99	)			970				(605	)			(316	)			514
Add back/(deduct): Losses/(gains) on financial instruments owned		10				(1,070	)			(1,284	)			440				(2,275	)
Adjusted income before income taxes	$	53,840			$	45,318			$	33,798			$	30,947			$	33,033

	Three Months Ended
Adjusted Income Tax Expense and Adjusted Effective Income Tax Rate:	Dec. 31, 2025				Sept. 30, 2025				June 30, 2025				Mar. 31, 2025				Dec. 31, 2024
Adjusted income before income taxes (above)	$	53,840			$	45,318			$	33,798			$	30,947			$	33,033
Income tax expense	$	10,437			$	9,816			$	7,093			$	5,739			$	6,890
Add back/(deduct): Decrease/(increase) in deferred tax asset valuation allowance on capital losses		1,237				24				459				(30	)			428
Add back: Tax benefit of intangible asset amortization arising from the Ceres Acquisition		348				—				—				—				—
Add back: Tax benefit arising from extinguishment of convertible notes		328				248				—				—				718
Add back: Tax benefit arising from increase in fair value of contingent consideration		172				—				—				—				—
Add back: Tax benefit on imputed interest		92				117				113				111				145
Add back: Tax benefit on acquisition-related costs		77				585				478				—				—
(Deduct)/add back: Tax (expense)/benefit on foreign currency remeasurement losses on U.S. dollar balances		(64	)			—				247				—				—
(Deduct)/add back: Tax (expense)/benefit on (gains)/losses on investments		(24	)			236				(147	)			(77	)			125
Add back/(deduct): Tax benefit/(expense) arising from losses/(gains) on financial instruments owned		2				(260	)			(312	)			107				(553	)
Add back: Tax windfalls upon vesting of stock-based compensation awards		—				76				4				2,083				—
Adjusted income tax expense	$	12,605			$	10,842			$	7,935			$	7,933			$	7,753
Adjusted effective income tax rate		23.4	%			23.9	%			23.5	%			25.6	%			23.5	%

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

This press release contains forward-looking statements that are based on our management’s beliefs and assumptions and on information currently available to our management. Although we believe that the expectations reflected in these forward-looking statements are reasonable, these statements relate to future events or our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “should,” “expects,” “intends,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “potential,” “continue” or the negative of these terms or other comparable terminology. These statements are only predictions. You should not place undue reliance on forward-looking statements because they involve known and unknown risks, uncertainties and other factors, which are, in some cases, beyond our control and could materially affect results. Factors that may cause actual results to differ materially from current expectations include, among other things, the risks described below. If one or more of these or other risks or uncertainties occur, or if our underlying assumptions prove to be incorrect, actual events or results may vary significantly from those implied or projected by the forward-looking statements. No forward-looking statement is a guarantee of future performance. You should read this press release completely and with the understanding that our actual future results may be materially different from any future results expressed or implied by these forward-looking statements.

In particular, forward-looking statements in this press release may include statements about:

• 
  anticipated trends, conditions and investor sentiment in the global markets and ETPs;
  
  


• 
  anticipated levels of inflows into and outflows out of our ETPs;
  
  


• 
  our ability to deliver favorable rates of return to investors;
  
  


• 
  competition in our business;
  
  


• 
  whether we will experience future growth;
  
  


• 
  our ability to develop new products and services and their potential for success;
  
  


• 
  our ability to maintain current vendors or find new vendors to provide services to us at favorable costs;
  
  


• 
  our ability to successfully implement our strategy relating to digital assets and blockchain-enabled financial services, including WisdomTree Connect^™ and WisdomTree Prime^®, and achieve its objectives;
  
  


• 
  our ability to successfully operate and expand our business in non-U.S. markets;
  
  


• 
  the effect of laws and regulations that apply to our business;
  
  


• 
  the potential benefits arising from our acquisition of Ceres Partners, LLC, including financial or strategic outcomes; and
  
  


• 
  our ability to successfully implement our strategic goals relating to the acquisition and integrate the acquired business.
  
  

Our business is subject to many risks and uncertainties, including without limitation:

• 
  declining prices of securities, gold and other precious metals and other commodities and changes in interest rates and general market conditions can adversely affect our business by reducing the market value of the assets we manage or causing WisdomTree ETP investors to sell their fund shares and trigger redemptions;
  
  


• 
  fluctuations in the amount and mix of our AUM, whether caused by disruptions in the financial markets or otherwise, including but not limited to events such as a pandemic or war, geopolitical conflicts, political events, acts of terrorism and other matters beyond our control, may negatively impact revenues and operating margins, and may impede our ability to refinance our debt upon maturity or increase the cost of borrowing upon a refinancing;
  
  


• 
  competitive pressures could reduce revenues and profit margins;
  
  


• 
  we derive a substantial portion of our revenues from a limited number of products, and, as a result, our operating results are particularly exposed to investor sentiment toward investing in the products’ strategies and our ability to maintain the AUM of these products, as well as the performance of these products and market-specific and political and economic risk;
  
  


• 
  a significant portion of our AUM is held in products with exposure to U.S. and international developed markets, and we therefore have exposure to domestic and foreign market conditions and are subject to currency exchange rate risks;
  
  


• 
  withdrawals or broad changes in investments in our ETPs by investors with significant positions may negatively impact revenues and operating margins;
  
  


• 
  we face increased operational, regulatory, financial and other risks as a result of conducting our business internationally, and as we expand our digital assets product offerings and services beyond our existing ETP business;
  
  


• 
  many of our ETPs have a limited track record, and poor investment performance could cause our revenues to decline; and
  
  


• 
  we depend on third parties to provide many critical services to operate our business and our ETPs. The failure of key vendors to adequately provide such services could materially affect our operating business and harm WisdomTree ETP investors.
  
  

Additional risks include those associated with the acquisition of Ceres Partners, LLC, including the risk that integration may be more difficult, time-consuming or costly than expected, or that expected benefits (including projected business growth or the ability to raise additional capital into the funds of the acquired business) may not be realized as anticipated. Other factors, such as general economic conditions, including currency exchange rate fluctuations, also may have an effect on the results of our operations. For a more complete description of the risks noted above and other risks that could cause our actual results to differ from our current expectations, see “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2024, and in subsequent reports filed with or furnished to the SEC.

The forward-looking statements in this press release represent our views as of the date of this press release. We anticipate that subsequent events and developments may cause our views to change. However, while we may elect to update these forward-looking statements at some point in the future, we have no current intention of doing so except to the extent required by applicable law. Therefore, these forward-looking statements do not represent our views as of any date other than the date of this press release.

Category: Business Update

View source version on businesswire.com: https://www.businesswire.com/news/home/20260130506887/en/

Investor Relations

Jeremy Campbell

+1.917.267.3859

[e-mail]
Media Relations

Jessica Zaloom

+1.917.267.3735

[e-mail]

Original: WisdomTree Announces Fourth Quarter 2025 Results

[US Market News]

WisdomTree Expands Tokenization Ecosystem to Solana, Increasing Access to Real World Assets (RWA)

January 28, 2026 12:30 PM
Business Wire

Strategic expansion enables both institutional and retail users to mint, trade, and hold WisdomTree’s full suite of tokenized funds on Solana, supporting the growth of onchain offerings

WisdomTree, Inc. (NYSE: WT), a global financial innovator, today announced an expansion to Solana as an available blockchain, enabling both retail and institutional investors to access WisdomTree’s tokenized* funds through the WisdomTree Connect™ and WisdomTree Prime® platforms. The integration extends WisdomTree’s full suite of regulated tokenized funds to Solana as part of the firm’s multi-chain deployment strategy.

“Bringing our full suite of tokenized funds to Solana reflects our continued focus on, regulated real world assets across the onchain ecosystem,” said Maredith Hannon, Head of Business Development, Digital Assets at WisdomTree. “Solana’s infrastructure, which focuses on high transaction speeds, allows us to meet growing crypto-native demand while maintaining the regulatory standards institutions expect, giving both institutional and retail investors more seamless, onchain access to tokenized funds.”

Both WisdomTree Connect and WisdomTree Prime users can now access WisdomTree’s full suite of tokenized funds natively on Solana, including money market, equities, fixed income, alternatives, asset allocation funds and via WisdomTree’s stablecoin conversion service, USDC and PYUSD.

Key capabilities for WisdomTree Connect include:

• 
  Native Minting: All existing WisdomTree tokenized funds can now be minted directly on Solana.
  
  


• 
  Full Ecosystem Support: Solana is now a supported blockchain within the WisdomTree Connect B2B/B2B2C tokenization platform, including WisdomTree’s stablecoin conversion service for subscriptions and redemptions.
  
  


• 
  Onchain Utility: Institutional clients can purchase, hold and manage tokenized fund positions directly on Solana. This includes the technical capability to interact with Solana-native applications and protocols, subject to applicable institutional risk controls.
  
  

Key capabilities for WisdomTree Prime users include:

• 
  Direct On-Ramp: On-ramp USDC directly from Solana into the WisdomTree Prime app, with the ability to access regulated, yield-generating WisdomTree tokenized funds while remaining entirely onchain and removing friction of exiting to traditional banking rails.
  
  


• 
  Seamless Investing: Purchase regulated WisdomTree tokenized funds using USD sourced via USDC directly from Solana via WisdomTree’s stablecoin conversion service.
  
  


• 
  Self-Custody & Portability: Off-ramp WisdomTree tokenized fund holdings to self-custody wallets on Solana with the potential ability to interact with Solana-native applications and protocols.
  
  

“WisdomTree has been an entrepreneurial leader in bringing regulated financial products onchain,” said Nick Ducoff, Head of Institutional Growth, Solana Foundation. “As real world assets on Solana surpass $1B, WisdomTree’s decision to expand their full suite of tokenized funds to Solana reflects the demand for expanded access to tokenized RWAs and Solana’s ability to support that demand at scale. This launch also highlights the growing role regulated asset managers play in shaping the future of onchain finance.”

For more information about WisdomTree Prime and WisdomTree Connect, please visit: https://www.wisdomtreeprime.com/ and https://www.wisdomtreeconnect.com.

*Tokenization: The process of creating a digital representation of an asset (in this case, mutual fund shares) using a token recorded on a blockchain. The token generally serves as a record of ownership to the asset. Tokenization of an asset does not change the nature of asset.

About WisdomTree

WisdomTree is a global financial innovator, offering a diverse suite of exchange-traded products (ETPs), models and solutions, private market investments and digital asset-related products. Our offerings empower investors to shape their financial future and equip financial professionals to grow their businesses. Leveraging the latest financial infrastructure, we create products that emphasize access and transparency and provide an enhanced user experience. Building on our heritage of innovation, we offer next-generation digital products and services related to tokenized real world assets and stablecoins, as well as our institutional platform, WisdomTree Connect^™, blockchain-native digital wallet, WisdomTree Prime^®*, and have expanded into private markets through the acquisition of Ceres Partners’ U.S. farmland platform.

* The WisdomTree Connect institutional platform and WisdomTree Prime digital wallet and digital asset services are made available through WisdomTree Digital Movement, Inc., a federally registered money services business, state-licensed money transmitter and financial technology company (NMLS ID: 2372500) or WisdomTree Digital Trust Company, LLC, in select U.S. jurisdictions and may be limited where prohibited by law. WisdomTree Digital Trust Company, LLC is chartered as a limited purpose trust company by the New York State Department of Financial Services to engage in virtual currency business. Visit https://www.wisdomtreeconnect.com, https://www.wisdomtreeprime.com or the WisdomTree Prime mobile app for more information.

WisdomTree currently has approximately $159.3 billion in assets under management globally, inclusive of assets under management related to our recently completed acquisition of Ceres Partners, LLC as of the last reportable period.

For more information about WisdomTree, WisdomTree Connect and WisdomTree Prime, visit: https://www.wisdomtree.com.

Please visit us on X at @WisdomTreeNews.

WisdomTree® is the marketing name for WisdomTree, Inc. and its subsidiaries worldwide.

PRODUCTS AND SERVICES AVAILABLE VIA WISDOMTREE CONNECT AND WISDOMTREE PRIME:

NOT FDIC INSURED | NO BANK GUARANTEE | NOT A BANK DEPOSIT | MAY LOSE VALUE | NOT SIPC PROTECTED | NOT INSURED BY ANY GOVERNMENT AGENCY

WisdomTree does not endorse or recommend any particular blockchain or digital asset (including stablecoins) and an investor should independently assess any blockchain or digital asset for their own purposes and use cases. Investors should note that they may experience materially different service levels on different blockchains. Users of the blockchain networks generally must pay transaction fees to the networks in order to validate or consummate a transaction. Blockchain technology is a relatively new and untested technology. There are risks associated with a tokenized fund’s issuance, redemption, transfer, and recordkeeping of shares on a blockchain, and these risks may not fully emerge until the technology becomes more widely used.

The products and services available through WisdomTree Connect and the WisdomTree Prime app are not endorsed, indemnified or guaranteed by any regulatory agency.

Category: Business Update

View source version on businesswire.com: https://www.businesswire.com/news/home/20260128885072/en/

Media Relations

WisdomTree, Inc.

Jessica Zaloom

+1.917.267.3735

[e-mail]

Original: WisdomTree Expands Tokenization Ecosystem to Solana, Increasing Access to Real World Assets (RWA)

[Monksdream]

WT new 52 week high

[TrendTrade2016]

WETF...love the asset management sector....watch this beast beast!!

[want-abee]

Nice run !!! How far can it go ???

[want-abee]

The company

[adammh]

The company? Or the shares? Sorry not sure what you meant. I think they are doing great recently

[want-abee]

Will they ever get bought ?? And by who???

[adammh]

Stock is looking really good! Love the dividend and growth from $8 to $10 can't be mad at 25%!!

[want-abee]

Loading up

[mailhot72]

time to buy!!!

[want-abee]

Down 5% on no news !!! What's up with that ?!!

[MisterEC]

Motley Fool recommended it again.

[Drmicrocap]

7:02 am WisdomTree reports EPS in-line, beats on revs (WETF) :

Reports Q4 (Dec) earnings of $0.15 per share, in-line with the Capital IQ Consensus of $0.15; revenues rose 54.2% year/year to $76.5 mln vs the $74.59 mln Capital IQ Consensus.
"In challenging market conditions the benefit of the ETF structure becomes even more apparent. Against a backdrop of $125 billion in mutual fund outflows in 2015, the ETF industry enjoyed $232 billion in net inflows."

[Drmicrocap]

The "Street has WETF coming in at .15 for the quarter that should be reported on or about February 5, 2016! All post's welcome! The "Good Dr's In"!

[Litchfield]

look at the ASK!!! WOW

[Drmicrocap]

WisdomTree Announces First Quarter 2015 Results

.


WisdomTree Investments, Inc.
29 minutes ago

GlobeNewswire






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Net income of $12.1 million or diluted EPS $0.09

Record $13.5 billion in net inflows for the quarter with AUM reaching record $55.8 billion

Net inflow market share of 23.8% for the quarter

Declares $0.08 quarterly dividend

NEW YORK, May 1, 2015 (GLOBE NEWSWIRE) -- WisdomTree Investments, Inc. (WETF), an exchange-traded fund ("ETF") and exchange-traded product ("ETP") sponsor and asset manager today reported net income of $12.1 million for the first quarter of 2015 or $0.09 per share on a fully diluted basis. This compares to $30.2 million in the first quarter of 2014 (which included a non-recurring tax benefit of $13.7 million) and $9.6 million in the fourth quarter of 2014. Included in the quarter was a loss of $1.8 million, or $0.01 per diluted EPS, associated with the Company`s European listed ETP business, which was acquired in April 2014.

WisdomTree CEO and President Jonathan Steinberg said, "We reported a record $13.5 billion in net inflows in the first quarter in the U.S., making WisdomTree one of the fastest-growing companies within the ETF and broader asset management industry in 2015 to date. WisdomTree`s industry-leading growth underscores our ability to identify and disseminate useful and differentiated investment solutions to an ever-growing ETF market. We also recorded record revenues and pre-tax earnings in the quarter."

"Now the sixth largest ETP sponsor in the world with $61.2 billion in AUM globally, we are continuing to experience strong organic growth in the second quarter, led by our currency hedged equity ETFs. Importantly, we are continuing to plant the seeds for future growth as we execute against the strategic growth initiatives we previously outlined for the year, including investments in people, products and technology."

Summary Operating and Financial Highlights

Three Months Ended Change From
Mar. 31, Dec. 31, Mar. 31, Dec. 31, Mar. 31,
Operating Highlights 2015 2014 2014 2014 2014
US listed ETFs ($, in billions):
AUM $55.8 $39.3 $33.9 41.9% 64.6%
Net inflows $13.5 $4.5 ($0.5) 200.7% n/a
Average AUM $46.4 $37.7 $33.9 23.1% 37.0%
Average advisory fee 0.52% 0.52% 0.51% -- +.01
Market share of industry inflows 23.8% 3.8% -- +20.0 --

European listed ETPs ($, in millions):
AUM $334.6 $181.2 -- 84.7% --
Net inflows $174.2 $98.2 -- 77.4% --
Average advisory fee 0.75% 0.73% -- +.02 --


Financial Highlights ($, in millions, except per share amounts):
Consolidated Results:
Total revenues $60.1 $49.6 $42.9 21.3% 40.1%
Pre-tax income $21.0 $16.7 $16.5 26.0% 27.6%
Net income $12.1 $9.6 $30.2 25.4% (60.1%)
Diluted earnings per share $0.09 $0.07 $0.22 0.02 (0.13)
Pre-tax margin 35.0% 33.6% 38.4% +1.4 -3.4

US listed ETFs:
Gross margin1 (non-GAAP) 83.2% 82.5% 78.6% +0.7 +4.6
Pre-tax margin 38.3% 37.8% 38.4% +0.5 -0.1


1 Gross margin is defined as total revenues less fund management and administration expenses and third-party sharing arrangements.

Recent Business Developments
•On February 17, 2015, the WisdomTree Europe Hedged Equity Fund (HEDJ) surpassed $10 billion in assets
•On March 4, 2015, the Company launched the Europe Hedged SmallCap Equity Fund (EUSC)
•On March 9, 2015, the Company surpassed $50 billion in assets under management
•On March 20, 2015, the WisdomTree Europe Hedged Equity Fund (HEDJ) received ETF.com award for `ETF of the Year`
•On April 9, 2015, the Company launched the Japan Hedged Dividend Growth Fund (JHDG)
•On April 16, 2015, the Company announced it named David Yates Chief Information Officer
•On April 20, 2015, the Company announced it named Alisa Maute Head of U.S. Sales
•WisdomTree Europe: •Listed six WisdomTree UCITS ETFs in Germany on the Deutsche Börse on February 15, 2015; listed six WisdomTree UCITS ETFs in Switzerland on the SIX Swiss Exchange on March 15, 2015; listed the ISEQ 20® UCITS ETF (WTIE) in Ireland on the Irish Stock Exchange on April 20, 2015 and in London on the London Stock Exchange on April 21, 2015; and announced it named Nizam Hamid Head of European Sales on April 23, 2015
•Listed seven Boost ETP ETCs in Italy on the Borsa Italiana on April 9, 2015


Assets Under Management and Net Inflows

US listed ETF assets under management ("AUM") reached a record $55.8 billion at March 31, 2015, up 42% from December 31, 2014, primarily due to record inflows of $13.5 billion. US listed AUM was up 65% from March 31, 2014.

European listed AUM was $334.6 million, up 85% from $181.2 million at December 31, 2014 primarily due to $174.2 million of net inflows, primarily in the company`s Boost branded ETPs.

Performance

In evaluating the performance of our US listed equity, fixed income and alternative ETFs against actively managed and index based mutual funds and ETFs, 90.2% of the $49.5 billion invested in our ETFs and 60% (31 of 52) of our ETFs outperformed their comparable Morningstar average since inception as of March 31, 2015.

For more information about WisdomTree ETFs including standardized performance, please click here or visit www.wisdomtree.com.

First Quarter Financial Discussion

Revenues

Total revenues increased 40.1% from the first quarter of 2014 and 21.3% compared to the fourth quarter of 2014 to a record $60.1 million primarily due to higher average AUM from strong inflows. Revenues from our European listed ETPs, which were acquired in April 2014, increased to $0.6 million from $0.4 million in the fourth quarter of 2014 primarily due to higher inflows for the Boost branded ETPs. The average advisory fee for our US listed ETFs increased to 0.52% as compared to 0.51% for the first quarter of 2014 due to the change in the mix of our AUM and remained the same at 0.52% as compared to the fourth quarter of 2014.

Margins

Gross margin for our US listed ETFs, which is our total revenues less fund management and administration expenses and third party sharing arrangements, was 83.2% in the first quarter of 2015 as compared to 78.6% in the first quarter of 2014 and 82.5% in the fourth quarter of 2014. The increase was primarily due to beneficial pricing changes for our fund accounting, administration and custody services, which took effect in April 2014, as well as higher average AUM.

Consolidated pre-tax margin was 35.0% in the first quarter of 2015. Pre-tax margin for our U.S. listed ETFs was 38.3% on average U.S. listed AUM of $46.4 billion. The Company`s margins were compressed in the first quarter due to the timing difference between when the Company recorded higher compensation costs from record inflows levels versus when it recognizes the full impact of the revenues from these inflows.

Expenses

Total expenses increased 48.0% from the first quarter of 2014 and 18.8% compared to the fourth quarter of 2014 to $39.1 million. Included in the quarter was $2.4 million of expenses associated with our European listed ETPs.
•Compensation and benefits expense increased 110% from the first quarter of 2014 to $19.6 million due to higher accrued incentive compensation due to our record setting inflow levels experienced in the quarter as well as higher headcount related expenses to support our growth. Included in the quarter was $1.1 million in compensation costs for employees associated with our European listed ETPs. Our headcount was 109 in the US and 136 globally at the end of the quarter.
•Fund management and administration expense increased 10.9% from the first quarter of 2014 to $10.2 million. Fees associated with higher inflow levels, average AUM and number of ETFs increased, and were partly offset by lower fees as a result of changing our fund accounting, administration and custody service provider in April 2014. We also incurred additional costs for our European listed ETPs which were acquired in April 2014. This expense increased 13.8% compared to the fourth quarter of 2014 due to expenses associated with higher inflow levels and additional costs for the WisdomTree branded ETFs which were launched in Europe in the fourth quarter. We had 70 US listed ETFs and 63 European listed ETPs at the end of the quarter.
•Marketing and advertising expense increased 19.3% from the first quarter of 2014 and 7.2% from the fourth quarter to $3.1 million primarily due to higher levels of advertising related activities to support our growth.
•Sales and business development expense increased 46.0% from the first quarter of 2014 to $1.9 million primarily due to higher spending for sales related activities. This expense was relatively unchanged compared to the fourth quarter of 2014.
•Professional and consulting fees decreased 18.5% from the first quarter of 2014 to $1.5 million. In the first quarter of last year, we incurred advisory fees in connection with our acquisition of Boost. This expense decreased 42.9% compared to the fourth quarter of 2014 primarily due to lower fees relating to strategic consulting services.
•Occupancy, communication and equipment expense was essentially unchanged at $0.9 million as compared to the first and fourth quarters of last year.
•Depreciation and amortization expense was also relatively unchanged at $0.2 million as compared to the first and fourth quarters of last year.
•Third-party sharing arrangements expense increased to $0.3 million in the first quarter of 2015 as compared to the first quarter of 2014 primarily due to higher fees for our marketing agents in Latin America and listing our ETFs on a third party platform.
•Acquisition contingent payment expense was $0.3 million in the first quarter. This represents the current expense accrual for expected payments due to the former Boost shareholders related to our acquisition in April 2014 and is primarily driven by increased AUM derived from our European business.
•Income tax expense was $9.0 million for the first quarter of 2015. The effective tax rate on our US listed ETF business increased to 39.4% from 38.3% in the fourth quarter of last year due to state taxes. The Company`s overall effective tax rate was 42.6% due to the non-deductibility of losses in our European ETP business. These losses may be recognized in the future after the European business is profitable. The Company recorded a tax benefit of $13.7 million in the first quarter of last year related to its deferred tax asset, which previously had been recorded with a full valuation allowance.

Balance Sheet

As of March 31, 2015, the Company had total assets of $217.9 million which consisted primarily of cash and cash equivalents and investments of $173.3 million. There were approximately 135.6 million shares of common stock outstanding as of March 31, 2015. Fully diluted weighted average shares outstanding were 137.3 million for the first quarter.

Quarterly Dividend and Stock Buyback

The Company`s Board of Directors declared a quarterly cash dividend of $0.08 per share of the Company`s common stock. The dividend will be paid on May 27, 2015 to stockholders of record as of the close of business on May 13, 2015. In addition, during the quarter, the Company purchased approximately 773,000 shares for $14.1 million.

Conference Call

WisdomTree will discuss its results and operational highlights during a conference call on Friday, May 1, 2015 at 9:00 a.m. ET. The call-in number will be [phone]. Anyone outside the U.S. or Canada should call [phone]. The slides used during the presentation will be available at http://ir.wisdomtree.com. For those unable to join the conference call at the scheduled time, an audio replay will be available on http://ir.wisdomtree.com.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains forward-looking statements that are based on our management`s beliefs and assumptions and on information currently available to our management. Although we believe that the expectations reflected in these forward-looking statements are reasonable, these statements relate to future events or our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expects," "intends," "plans," "anticipates," "believes," "estimates," "predicts," "potential," "continue" or the negative of these terms or other comparable terminology. These statements are only predictions. You should not place undue reliance on forward-looking statements because they involve known and unknown risks, uncertainties and other factors, which are, in some cases, beyond our control and which could materially affect results. Factors that may cause actual results to differ materially from current expectations include, among other things, the risks described below. If one or more of these or other risks or uncertainties occur, or if our underlying assumptions prove to be incorrect, actual events or results may vary significantly from those implied or projected by the forward-looking statements. No forward-looking statement is a guarantee of future performance. You should read this press release completely and with the understanding that our actual future results may be materially different from any future results expressed or implied by these forward-looking statements.

In particular, forward-looking statements in this press release may include statements about:
•anticipated trends, conditions and investor sentiment in the global markets and ETPs;
•anticipated levels of inflows into and outflows out of our ETPs;
•our ability to deliver favorable rates of return to investors;
•our ability to develop new products and services;
•our ability to maintain current vendors or find new vendors to provide services to us at favorable costs;
•our ability to successfully expand our business into non-U.S. markets;
•timing of payment of our cash income taxes;
•competition in our business; and
•the effect of laws and regulations that apply to our business.

Our business is subject to many risks and uncertainties, including without limitation:
•Recent historical growth may not provide an accurate representation of the growth we may experience in the future, which may make it difficult to evaluate our future prospects.
•Challenging global market conditions associated with declining prices of securities can adversely affect our business by reducing the market value of the assets we manage or causing customers to sell their fund shares and trigger redemptions.
•Fluctuations in the amount and mix of our AUM may negatively impact revenue and operating margin.
•We derive a substantial portion of our revenue from a limited number of products - in particular two funds, the WisdomTree Europe Hedged Equity Fund and the WisdomTree Japan Hedged Equity Fund - and, as a result, our operating results are particularly exposed to the performance of those funds, investor sentiment toward the strategies pursued by those funds and our ability to maintain the AUM of those funds.
•Most of our AUM are held in our U.S. listed ETFs that invest in foreign securities and we therefore have substantial exposure to foreign market conditions and are subject to currency exchange rate risks.
•We derive a substantial portion of our revenue from international hedged equity ETFs and are exposed to the market-specific political and economic risks, as well as general investor sentiment regarding monetary policy of those markets.
•We derive a substantial portion of our revenue from products invested in securities of Japanese and European companies and are exposed to the market-specific political and economic risks, as well as general investor sentiment regarding future growth of those markets and currency fluctuations.
•We derive a significant portion of our revenue from products invested in emerging markets and are exposed to the market-specific political and economic risks as well as general investor sentiment regarding future growth of those markets.
•Many of our ETPs and ETFs have a limited track record, and poor investment performance could cause our revenue to decline.
•We depend on third parties to provide many critical services to operate our business and our ETPs and ETFs. The failure of key vendors to adequately provide such services could materially affect our operating business and harm our customers.

Other factors, such as general economic conditions, including currency exchange rate fluctuations, also may have an effect on the results of our operations. For a more complete description of the risks noted above and other risks that could cause our actual results to differ from our current expectations, please see the section entitled "Risk Factors" in the Company`s Annual Report on Form 10-K for the fiscal year ended December 31, 2014.

The forward-looking statements in this press release represent our views as of the date of this press release. We anticipate that subsequent events and developments may cause our views to change. However, while we may elect to update these forward-looking statements at some point in the future, we have no current intention of doing so except to the extent required by applicable law. Therefore, these forward-looking statements do not represent our views as of any date other than the date of this press release.

About WisdomTree

WisdomTree Investments, Inc., through its subsidiaries in the U.S. and Europe (collectively, "WisdomTree"), is an exchange-traded fund ("ETF") and exchange-traded product ("ETP") sponsor and asset manager headquartered in New York. WisdomTree offers products covering equities, fixed income, currencies, commodities and alternative strategies. WisdomTree currently has approximately $61.2 billion in assets under management globally.

WisdomTree® is the marketing name for WisdomTree Investments, Inc. and its subsidiaries worldwide.

WISDOMTREE INVESTMENTS, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share amounts)
(Unaudited)

Three Months Ended % Change From
Mar. 31, Dec. 31, Mar. 31, Dec. 31, Mar. 31,
2015 2014 2014 2014 2014

Revenues
Advisory fees $ 59,869 $ 49,327 $ 42,609 21.4% 40.5%
Other income 272 273 311 -0.4% -12.5%

Total revenues 60,141 49,600 42,920 21.3% 40.1%

Expenses
Compensation and benefits 19,601 14,099 9,355 39.0% 109.5%
Fund management and administration 10,168 8,932 9,168 13.8% 10.9%
Marketing and advertising 3,076 2,869 2,578 7.2% 19.3%
Sales and business development 1,900 1,914 1,301 -0.7% 46.0%
Professional and consulting fees 1,463 2,560 1,795 -42.9% -18.5%
Occupancy, communication and equipment 918 943 900 -2.7% 2.0%
Depreciation and amortization 220 221 192 -0.5% 14.6%
Third party sharing arrangements 283 282 10 0.4% 2730.0%
Acquisition contingent payment 257 -- -- n/a n/a
Other 1,235 1,101 1,142 12.2% 8.1%
Total expenses 39,121 32,921 26,441 18.8% 48.0%

Income before taxes 21,020 16,679 16,479 26.0% 27.6%

Income tax expense/(benefit) 8,958 7,057 (13,725) -- --

Net income $ 12,062 $ 9,622 $ 30,204 25.4% -60.1%


Income before taxes per share - basic $ 0.16 $ 0.13 $ 0.13

Income before taxes per share - diluted $ 0.15 $ 0.12 $ 0.12


Net income per share - basic $ 0.09 $ 0.07 $ 0.23

Net income per share - diluted $ 0.09 $ 0.07 $ 0.22

Weighted average common shares - basic 134,075 132,816 130,934

Weighted average common shares - diluted 137,311 138,787 138,667



WISDOMTREE INVESTMENTS, INC.
NON-GAAP SUPPLEMENTAL CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands)
(Unaudited)

US European
Listed Listed US Listed Business
Business Business Total % Change From
Q1/15 Q1/15 Q1/15 Q1/15 Q4/14 Q1/14 Q4/14 Q1/14
Revenues
Advisory fees $ 59,346 $ 523 $ 59,869 $ 59,346 $ 48,966 $ 42,609 21.2% 39.3%
Other income 234 38 272 234 243 311 -3.7% -24.8%

Total revenues 59,580 561 60,141 59,580 49,209 42,920 21.1% 38.8%

Expenses
Compensation and benefits 18,475 1,126 19,601 18,475 13,127 9,355 40.7% 97.5%
Fund management and administration 9,733 435 10,168 9,733 8,334 9,168 16.8% 6.2%
Marketing and advertising 2,952 124 3,076 2,952 2,696 2,578 9.5% 14.5%
Sales and business development 1,865 35 1,900 1,865 1,620 1,301 15.1% 43.4%
Professional and consulting fees 1,298 165 1,463 1,298 2,456 1,795 -47.1% -27.7%
Occupancy, communication and equipment 847 71 918 847 850 900 -0.4% -5.9%
Depreciation and amortization 219 1 220 219 219 192 0.0% 14.1%
Third party sharing arrangements 283 -- 283 283 282 10 0.4% 2730.0%
Acquisition contingent payment -- 257 257 -- -- -- n/a n/a
Other 1,091 144 1,235 1,091 1,007 1,142 8.3% -4.5%
Total expenses 36,763 2,358 39,121 36,763 30,591 26,441 20.2% 39.0%

Income/(loss) before taxes 22,817 (1,797) 21,020 22,817 18,618 16,479 22.6% 38.5%

Income tax expense/(benefit) 8,987 (30) 8,958 8,987 7,131 (13,725) 26.0% n/a

Net income/(loss) $ 13,830 $ (1,767) $ 12,062 $ 13,830 $ 11,487 $ 30,204 20.4% -54.2%

Pretax margin 38.3% 35.0%

Gross margin 83.2% 82.6%



WISDOMTREE INVESTMENTS, INC.
CONSOLIDATED BALANCE SHEET
(in thousands, except per share amounts)

March 31, December 31,
2015 2014
(Unaudited)

ASSETS
Current assets:
Cash and cash equivalents $ 151,701 $ 165,284
Accounts receivable 24,600 18,176
Deferred tax asset, net 2,599 3,872
Other current assets 2,051 1,708

Total current assets 180,951 189,040

Fixed assets, net 10,153 10,356
Investments 21,629 13,990
Deferred tax asset, net 3,441 5,618
Goodwill 1,676 1,676
Other noncurrent assets 83 71

Total assets $ 217,933 $ 220,751


LIABILITIES AND STOCKHOLDERS` EQUITY
LIABILITIES
Current liabilities:
Fund management and administration payable $ 12,648 $ 9,983
Compensation and benefits payable 11,070 14,333
Accounts payable and other liabilities 5,920 5,115

Total current liabilities 29,638 29,431

Other noncurrent liabilities:
Acquisition payable 2,014 1,757
Deferred rent payable 5,230 5,278

Total liabilities 36,882 36,466

STOCKHOLDERS` EQUITY
Common stock, par value $0.01; 250,000 shares authorized:
issued: 136,971 and 134,959 1,370 1,350
outstanding: 135,553 and 133,445
Additional paid-in capital 204,752 209,216
Accumulated other comprehensive loss (106) (53)
Accumulated deficit (24,965) (26,228)

Total stockholders` equity 181,051 184,285

Total liabilities and stockholders` equity $ 217,933 $ 220,751



WISDOMTREE INVESTMENTS, INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
(Unaudited)

Three Months Ended
March 31, March 31,
2015 2014
Cash flows from operating activities
Net income $ 12,062 $ 30,204
Non-cash items included in net income:
Income tax expense/(benefit) 8,608 (13,725)
Depreciation and amortization 220 192
Stock-based compensation 2,344 2,015
Deferred rent (48) 643
Deferred acquisition contingent payment 257 --
Accretion to interest income and other 3 (111)

Changes in operating assets and liabilities:
Accounts receivable (6,356) (224)
Other assets (359) 18
Fund management and administration payable 2,640 1,358
Compensation and benefits payable (3,230) (11,473)
Accounts payable and other liabilities 796 537

Net cash provided by operating activities 16,937 9,434

Cash flows from investing activities
Purchase of fixed assets (20) (3,527)
Purchase of investments (8,449) (154)
Proceeds from the redemption of investments 808 61

Net cash used in investing activities (7,661) (3,620)

Cash flows from financing activities
Shares repurchased (14,070) (5,426)
Dividends paid (10,799) --
Proceeds from exercise of stock options 2,125 76

Net cash used in financing activities (22,744) (5,350)

Decrease in cash flows due to changes in foreign exchange rate (115) --


Net (decrease)/ increase in cash and cash equivalents (13,583) 464

Cash and cash equivalents - beginning of period 165,284 104,316

Cash and cash equivalents - end of period $ 151,701 $ 104,780

Supplemental disclosure of cash flow information

Cash paid for taxes $ 356 $ 14



WisdomTree Investments, Inc.
Key Operating Statistics (Unaudited)

Three Months Ended
March 31, December 31, March 31,
2015 2014 2014
US LISTED ETFs
Total ETFs (in millions)
Beginning of period assets 39,281 35,823 34,884
Inflows/(outflows) 13,520 4,496 (502)
Market appreciation/(depreciation) 2,957 (1,038) (498)
End of period assets 55,758 39,281 33,884

Average assets during the period 46,391 37,680 33,859
Revenue Days 90 92 90

ETF Industry and Market Share (in billions)
ETF industry net inflows 56.7 119.7 14.5
WisdomTree market share of industry inflows 23.8% 3.8% 0.0%

International Hedged Equity ETFs (in millions)
Beginning of period assets 17,760 13,971 13,348
Inflows/(outflows) 13,440 4,580 (12)
Market appreciation/(depreciation) 2,725 (791) (724)
End of period assets 33,925 17,760 12,612

Average assets during the period 24,559 15,637 13,052

US Equity ETFs (in millions)
Beginning of period assets 9,390 7,939 7,181
Inflows 294 968 189
Market appreciation 64 483 135
End of period assets 9,748 9,390 7,505

Average assets during the period 9,770 8,833 7,176

Emerging Markets Equity ETFs (in millions)
Beginning of period assets 6,187 7,495 7,448
Outflows (165) (836) (632)
Market appreciation/(depreciation) 46 (472) (63)
End of period assets 6,068 6,187 6,753

Average assets during the period 6,147 7,092 6,775

International Developed Equity ETFs (in millions)
Beginning of period assets 3,988 4,494 3,864
Inflows/(outflows) 188 (305) 812
Market appreciation/(depreciation) 147 (201) 154
End of period assets 4,323 3,988 4,830

Average assets during the period 4,111 4,170 4,347

Fixed Income ETFs (in millions)
Beginning of period assets 1,152 1,379 1,906
Outflows (210) (164) (306)
Market appreciation/(depreciation) (38) (63) 10
End of period assets 904 1,152 1,610

Average assets during the period 1,018 1,294 1,747

Currency ETFs (in millions)
Beginning of period assets 599 362 979
Inflows/(outflows) (44) 232 (549)
Market appreciation/(depreciation) 10 5 (8)
End of period assets 565 599 422

Average assets during the period 571 456 611

Alternative Strategy ETFs (in millions)
Beginning of period assets 205 183 158
Inflows/(outflows) 17 21 (4)
Market appreciation/(depreciation) 3 1 (2)
End of period assets 225 205 152

Average assets during the period 215 198 151

Three Months Ended
March 31, December 31, March 31,
2015 2014 2014
Average ETF assets during the period
International hedged equity ETFs 53% 42% 39%
US equity ETFs 21% 23% 21%
Emerging markets equity ETFs 14% 19% 20%
International developed equity ETFs 9% 11% 13%
Fixed income ETFs 2% 3% 5%
Currency ETFs 1% 1% 2%
Alternative strategy ETFs 0% 1% 0%
Total 100% 100% 100%

Average ETF advisory fee during the period
Alternative strategy ETFs 0.95% 0.95% 0.94%
Emerging markets equity ETFs 0.71% 0.70% 0.66%
International developed equity ETFs 0.56% 0.56% 0.56%
International hedged equity ETFs 0.53% 0.51% 0.49%
Fixed income ETFs 0.52% 0.53% 0.55%
Currency ETFs 0.50% 0.49% 0.49%
US equity ETFs 0.35% 0.35% 0.35%
Blended total 0.52% 0.52% 0.51%

Number of ETFs - end of the period
International developed equity ETFs 17 17 16
US equity ETFs 13 13 13
International hedged equity ETFs 13 12 6
Fixed income ETFs 11 12 12
Emerging markets equity ETFs 8 8 7
Currency ETFs 6 6 6
Alternative strategy ETFs 2 2 2
Total 70 70 62

EUROPEAN LISTED ETPs
Total ETPs (in thousands)
Beginning of period assets 165,018 123,210
Inflows 145,381 82,175
Market depreciation (21,598) (40,367)
End of period assets 288,801 165,018

Average ETP advisory fee during the period 0.81% 0.78%
Number of ETPs - end of the period 57 50

Total UCITS ETFs (in thousands)
Beginning of period assets**** 16,179 --
Inflows 28,851 16,036
Market appreciation 816 143
End of period assets 45,846 16,179

Average ETP advisory fee during the period 0.40% 0.38%
Number of ETPs - end of the period 6 6

U.S. headcount 109 101 90
European headcount 27 23


Note: Previously issued statistics may be restated due to trade adjustments
Source: Investment Company Institute, Bloomberg, WisdomTree

****UCITS first launched October 24, 2014


Non-GAAP Financial Measurements

In an effort to provide additional information regarding our results as determined by GAAP, we also disclose certain non-GAAP information which we believe provides useful and meaningful information. The non-GAAP financial measurements included in this release include gross margin, gross margin percentage and our operating results for our US and European listed ETF businesses. Our management reviews these non-GAAP financial measurements when evaluating our financial performance and results of operations; therefore, we believe it is useful to provide information with respect to these non-GAAP measurements so as to share this perspective of management. Non-GAAP measurements do not have any standardized meaning, do not replace nor are superior to GAAP financial measurements and are unlikely to be comparable to similar measures presented by other companies. These non-GAAP financial measurements should be considered in the context with our GAAP results. We disclose gross margin as a non-GAAP financial measurement to allow investors to analyze our revenues less the direct costs paid to third parties attributable to those revenues. We disclose the results of our US listed ETF business to allow investors to better compare our results to the prior year as in April 2014, we acquired Boost ETP, a UK based ETP sponsor.


WISDOMTREE INVESTMENTS, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
GAAP to NON-GAAP RECONCILIATION
(in thousands)
(Unaudited)

Three Months Ended
Mar. 31, Dec. 31, Mar. 31,
2015 2014 2014
GAAP total revenue $ 60,141 $ 49,600 $ 42,920
Fund management and administration (10,168) (8,932) (9,168)
Third party sharing arrangements (283) (282) (10)

Gross margin $ 49,690 $ 40,386 $ 33,742

Gross margin percentage 82.6% 81.4% 78.6%


US listed ETFs:

GAAP total revenue $ 59,580 $ 49,209 $ 42,920
Fund management and administration (9,733) (8,334) (9,168)
Third party sharing arrangements (283) (282) (10)

Gross margin $ 49,564 $ 40,593 $ 33,742

Gross margin percentage 83.2% 82.5% 78.6%
CONTACT: WisdomTree Investments, Inc.
Stuart Bell / Jessica Zaloom
+1.917.267.3702 / +1.917.267.3735
[e-mail] / [e-mail]

[RickKayne]

This is a winner.
ETFs are a booming business.

[stocktrademan]

$WETF DD Notes ~ http://www.ddnotesmaker.com/WETF

bullish
cci(50) crosses 100 upwards
http://stockcharts.com/school/doku.php?st=cci&id=chart_school:technical_indicators:commodity_channel_index_cci
double bottom pattern

$WETF recent news/filings

## source: finance.yahoo.com

Fri, 31 Oct 2014 22:04:56 GMT ~ Nasdaq stocks posting largest percentage decreases

[AP] - A look at the 10 biggest percentage decliners on Nasdaq at the close of trading: Ohr Pharmaceutical fell 32.1 percent to $7.74. Web.com Inc. fell 19.9 percent to $27.70. Aemetis Inc. fell 12.5 percent ...

read full: http://sg.finance.yahoo.com/news/nasdaq-stocks-posting-largest-percentage-220242625--finance.html
*********************************************************

Fri, 31 Oct 2014 17:34:00 GMT ~ Earnings, Abe Nurture WisdomTree Shares


read full: http://blogs.barrons.com/focusonfunds/2014/10/31/earnings-abe-nurture-wisdomtree-shares/?mod=yahoobarrons&ru=yahoo
*********************************************************

Fri, 31 Oct 2014 17:00:12 GMT ~ Why WisdomTree Is Back!


read full: http://247wallst.com/banking-finance/2014/10/31/why-wisdomtree-is-back/
*********************************************************

Fri, 31 Oct 2014 13:00:00 GMT ~ WisdomTree Investments Inc Earnings Call scheduled for 9:00 am ET today


read full: http://biz.yahoo.com/cc/8/146238.html
*********************************************************

Fri, 31 Oct 2014 12:01:48 GMT ~ WISDOMTREE INVESTMENTS, INC. Files SEC form 8-K, Results of Operations and Financial Condition, Other Events, Financi


read full: http://biz.yahoo.com/e/141031/wetf8-k.html
*********************************************************


$WETF charts

basic chart ## source: stockcharts.com



basic chart ## source: stockscores.com



big daily chart ## source: stockcharts.com



big weekly chart ## source: stockcharts.com


$WETF company information

## source: otcmarkets.com

Link: http://www.otcmarkets.com/stock/WETF/company-info
Ticker: $WETF
OTC Market Place: Not Available
CIK code: 0000880631
Company name: WisdomTree Investments, Inc.
Company website: http://www.wisdomtree.com
Incorporated In: DE, USA

Business Description: Securities Index developer, sponsor of exchange-traded funds and investment adviser.


$WETF share structure

## source: otcmarkets.com

Market Value: $1,678,019 a/o Oct 31, 2014
Shares Outstanding: 113,764 a/o Mar 31, 2011
Float: Not Available
Authorized Shares: 250,000,000 a/o Mar 31, 2011
Par Value: 0.01
$WETF extra dd links

Company name: WisdomTree Investments, Inc.
Company website: http://www.wisdomtree.com

## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/WETF/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/WETF/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=WETF+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=WETF+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=WETF+Industry

## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/WETF/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/WETF/news - http://finance.yahoo.com/q/h?s=WETF+Headlines

## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/WETF/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/WETF/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/WETF/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/WETF/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/WETF/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/WETF/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/WETF/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/WETF/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=WETF+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/WETF
DTCC (dtcc.com): http://search2.dtcc.com/?q=WisdomTree+Investments%2C+Inc.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=WisdomTree+Investments%2C+Inc.
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=WisdomTree+Investments%2C+Inc.&x=0&y=0
WHOIS (domaintools.com): http://whois.domaintools.com/http://www.wisdomtree.com
Alexa (alexa.com): http://www.alexa.com/siteinfo/http://www.wisdomtree.com#
Corporate website internet archive (archive.org): http://web.archive.org/web/*/http://www.wisdomtree.com

## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/WETF/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/WETF
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/WETF/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/WETF/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/WETF/sec-filings
Edgar filings (sec.gov): http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000880631&owner=exclude&count=40
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/WETF/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/WETF/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/WETF/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/WETF/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=WETF&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=WETF
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/WETF/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=WETF+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=WETF+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=WETF
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=WETF
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=WETF+Cash+Flow&annual

## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/WETF/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=WETF+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/WETF.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=WETF
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/WETF/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/WETF/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/WETF/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/WETF/insider-transactions

## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/WETF
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/WETF
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/WETF:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=WETF
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=WETF



$WETF DD Notes ~ http://www.ddnotesmaker.com/WETF

[ClayTrader]

* * $WETF Video Chart 11-01-14 * *

Link to Video - click here to watch the technical chart video

[Drmicrocap]

WisdomTree Announces Third Quarter 2014 Results



WisdomTree Investments, Inc. 3 hours ago GlobeNewswire







? ? ? ?







Content preferences

Done



$0.08 diluted net income EPS

Pre-tax income increases 35% and revenues increase 19% from year ago quarter

Declares $0.08 quarterly dividend and $100 million share buyback program

Lowers baseline U.S. tax rate to approximately 38%

NEW YORK, Oct. 31, 2014 (GLOBE NEWSWIRE) -- WisdomTree Investments, Inc. ( WETF), an exchange-traded fund ("ETF") and exchange-traded product ("ETP") sponsor and asset manager, today reported net income of $10.6 million or $0.08 per diluted EPS in the third quarter. Pre-tax income was $20.3 million in the third quarter, an increase of 35.4% from the third quarter of 2013 and 0.6% from the second quarter of 2014. Pre-tax income is comparable to previous periods since prior to 2014, the Company did not record tax expense because of its net operating losses.

Included in the quarter was a loss of $1.5 million, or $0.01 per diluted EPS, associated with the Company's European listed ETP business, which was acquired in April 2014. The Company also lowered its U.S. income tax rate to approximately 38% from 45% (see "Income Taxes" for further discussion).

WisdomTree CEO and President Jonathan Steinberg said, "WisdomTree reported another quarter of record revenues and strong financial results. Despite the challenging market, net inflow levels increased from the second quarter to $748 million."

Mr. Steinberg continued, "The growing scale and positive momentum of our business is driving powerful cash generation. In addition, we are lowering our tax rate which will increase our earnings going forward, further propelling WisdomTree to a position of financial strength. As a result, we believe the time is right to institute a new component of our capital management program."

Capital Return Program - Quarterly Dividend and Share Buyback

The Company's Board of Directors declared a quarterly cash dividend of $0.08 per share of the Company's common stock. The dividend will be paid on November 26, 2014, to stockholders of record as of the close of business on November 12, 2014.

The Board also authorized the Company to purchase up to $100 million of its common stock over three years, including purchases to offset future equity grants made under the Company's equity plans. Purchases under this program will be made in open market or privately negotiated transactions. This authority may be exercised from time to time and in such amounts as market conditions warrant, and subject to regulatory considerations. The timing and actual number of shares repurchased will depend on a variety of factors including price, corporate and regulatory requirements, market conditions, and other corporate liquidity requirements and priorities. The repurchase program may be suspended or terminated at any time without prior notice.

"We have structured a capital management plan which reflects WisdomTree's strength, strategy and commitment to our shareholders. With $164 million in cash and investments, we are confident we can continue to profitably grow the business and reinvest aggressively for future growth while continuing to generate surplus cash," added Mr. Steinberg.

Summary Operating and Financial Highlights



Three Months Ended Change From
Sep. 30, Jun. 30, Sep. 30,
Jun. 30, Sep. 30,
Operating Highlights 2014 2014 2013 2014 2013
U.S. listed ETFs($, in billions):





AUM $35.8 $35.5 $31.4 0.9% 14.3%
Net inflows/(outflows) $0.7 $0.3 $1.2 124.0% (35.5%)
Average AUM $35.6 $34.1 $30.5 4.1% 16.7%
Average advisory fee 0.52% 0.51% 0.51% 0.01 0.01
Market share of industry inflows 1.5% 0.6% 2.2% 0.9 (0.7)







European listed ETPs($, in millions):





AUM $123.2 $113.2 -- 8.8% --
Net inflows/(outflows) $19.2 $17.7 -- 8.7% --
Average advisory fee 0.79% 0.82% -- (0.03) --








Financial Highlights($, in millions, except per share amounts):





Consolidated Results:





Total revenues $47.1 $44.1 $39.6 6.8% 18.9%
Pre-tax income $20.3 $20.1 $15.0 0.6% 35.4%
Net income $10.6 $10.6 $15.0 0.2% (29.0%)
Diluted earnings per share $0.08 $0.08 $0.11 -- ($0.03)
Pre-tax margin 43.0% 45.6% 37.8% (2.6) 5.2







U.S. listed ETFs:





Total revenues $46.9 $43.9 $39.6 6.7% 18.3%
Pre-tax income $21.8 $21.7 $15.0 0.6% 45.9%
Gross margin1 (non-GAAP) 82.2% 82.4% 76.9% (0.2) 5.3
Pre-tax margin 46.6% 49.4% 37.8% (2.8) 8.8
1 Gross margin is defined as total revenues less fund management and administration expenses and third-party sharing arrangements.





Recent Business Developments

• On September 18, 2014, WisdomTree announced six of its ETFs are available on Schwab ETF OneSource
• On August 12, 2014, WisdomTree announced a strategic alliance with leading Australian ETP provider BetaShares
• On October 24, 2014, WisdomTree Europe announced the launch of 4 UCITS ETFs on the London Stock Exchange (LSE)
Assets Under Management and Net Inflows

U.S. listed ETF assets under management ("AUM") were $35.8 billion at September 30, 2014, up 14.3% from September 30, 2013 primarily due to inflow levels. U.S. listed AUM was up 0.9% from June 30, 2014 primarily due to $0.7 billion of net inflows partly offset by $0.4 billion of negative market movement.

European listed AUM was $123.2 million, up 8.8% from $113.2 million at June 30, 2014 primarily due to $19.2 million of net inflows partly offset by $9.2 million of negative market movement.

Performance

In evaluating the performance of our U.S. listed equity, fixed income and alternative ETFs against actively managed and index based mutual funds and ETFs, 86% of the $35.3 billion invested in our ETFs and 56% (29 of 52) of our ETFs outperformed their comparable Morningstar average since inception as of September 30, 2014.

For more information about WisdomTree ETFs including standardized performance, pleaseclick here or visit www.wisdomtree.com.

Third Quarter Financial Discussion

Revenues

Total revenues increased 18.9% from the third quarter of 2013 and 6.8% compared to the second quarter of 2014 to $47.1 million primarily due to higher average AUM and average fee capture. Included in the third quarter was $0.2 million in revenues from our European listed ETPs, which were acquired in April 2014. Our average advisory fee for our U.S. listed ETFs was 0.52% as compared to 0.51% for the third quarter of 2013 and 0.51% in the second quarter of 2014.

Margins

Gross margin for our U.S. listed ETFs, which is our total revenues less fund management and administration expenses and third party sharing arrangements, was 82.2% in the third quarter of 2014 as compared to 76.9% in the third quarter of 2013 and 82.4% in the second quarter of 2014. The increase was primarily due to beneficial pricing changes for our fund accounting, administration and custody services, which took effect April 2014.

Pre-tax margin was 43.0% in the third quarter of 2014 as compared to 37.8% in the third quarter of 2013 and 45.6% in the second quarter of 2014. Pre-tax margin for our U.S. listed ETFs was 46.6% in the quarter.

Expenses

Total expenses increased 8.9% from the third quarter of 2013 and 11.9% compared to the second quarter of 2014 to $26.9 million. Included in the quarter was $1.8 million of expenses associated with our European listed ETPs.

• Compensation and benefits expense increased 3.5% from the third quarter of 2013 to $10.0 million as lower accrued incentive compensation due to our inflow levels were offset by higher headcount related expenses to support our growth. In addition, we incurred higher compensation costs due to our acquisition of Boost in April 2014. This expense increased 32.3% as compared to the second quarter of 2014 primarily due to higher accrued incentive compensation and headcount related expenses. Our global headcount was 114 at the end of the third quarter of 2014.

• Fund management and administration expense decreased 3.7% from the third quarter of 2013 to $8.5 million. This decrease was primarily due to the transfer of our fund accounting, administration and custody services to State Street, despite the higher average AUM. Partly offsetting this decrease was $0.3 million of expenses for our European listed ETPs. This expense increased 8.3% from the second quarter of 2014 primarily due to variable costs related to higher average AUM. We had 69 U.S. listed ETFs and 42 European listed ETPs at the end of the third quarter of 2014.

• Marketing and advertising expense increased 64.5% from the third quarter of 2013 and 22.6% from the second quarter of 2014 to $3.3 million primarily due to higher levels of advertising related activities to support our growth.

• Sales and business development expense decreased 2.0% from the third quarter of 2013 and 25.9% from the second quarter of 2014 to $1.3 million primarily due to lower spending for sales and product development related initiatives.

• Professional and consulting fees increased $0.8 million from the third quarter of 2013 to $1.4 million primarily due to higher strategic corporate consulting costs. This expense decreased 24.8% compared to the second quarter of 2014. The second quarter of 2014 included advisory and other costs associated with our transaction to acquire Boost, which we completed in April 2014.

• Occupancy, communication and equipment expense increased 22.0% from the third quarter of 2013 to $0.9 million primarily due to costs for new office space which we began to occupy in January 2014. This expense was relatively unchanged compared to the second quarter of 2014.

• Depreciation and amortization expense increased $0.1 million to $0.2 million from the third quarter of 2013 primarily due to amortization of leasehold improvements for our new office space. This expense was essentially unchanged compared to the second quarter of 2014.

• Third-party sharing arrangements expense decreased 50.0% to $0.2 million in the third quarter of 2014 as compared to the third quarter of 2013 primarily due to lower fees to our third party marketing agent in Latin America. This expense was relatively unchanged as compared to the second quarter of 2014.

• Other expenses remained relatively unchanged as compared to the third quarter of 2013 and second quarter of 2014 at $1.1 million.
Income Taxes

The Company completed state tax planning which resulted in a reduction of its current baseline operating tax rate in the U.S. from 45% to approximately 38%. As a result, the Company recorded a charge to tax expense to reduce the value of its deferred tax asset, which had previously been recorded at a 45% rate. In addition, the Company accounted for non-deductible expenses associated with its acquisition of Boost in April 2014. As a result of these items, the Company recorded a charge of $1.3 million to tax expense. Management will discuss income taxes further on its conference call.

Balance Sheet

As of September 30, 2014, the Company had total assets of $202.2 million which consisted primarily of cash and cash equivalents of $151.3 million and investments of $12.2 million. There were approximately 131.9 million shares of common stock outstanding as of September 30, 2014. Fully diluted weighted average shares outstanding were 138.3 million for the third quarter.

Conference Call

WisdomTree will discuss its results and operational highlights during a conference call on Friday, October 31, 2014 at 9:00 a.m. ET. The call-in number will be [phone]. Anyone outside the U.S. or Canada should call [phone]. The slides used during the presentation will be available at http://ir.wisdomtree.com. For those unable to join the conference call at the scheduled time, an audio replay will be available on http://ir.wisdomtree.com.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains forward-looking statements that are based on our management's beliefs and assumptions and on information currently available to our management. Although we believe that the expectations reflected in these forward-looking statements are reasonable, these statements relate to future events or our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expects," "intends," "plans," "anticipates," "believes," "estimates," "predicts," "potential," "continue" or the negative of these terms or other comparable terminology. These statements are only predictions. You should not place undue reliance on forward-looking statements because they involve known and unknown risks, uncertainties and other factors, which are, in some cases, beyond our control and which could materially affect results. Factors that may cause actual results to differ materially from current expectations include, among other things, the risks described below. If one or more of these or other risks or uncertainties occur, or if our underlying assumptions prove to be incorrect, actual events or results may vary significantly from those implied or projected by the forward-looking statements. No forward-looking statement is a guarantee of future performance. You should read this press release completely and with the understanding that our actual future results may be materially different from any future results expressed or implied by these forward-looking statements.

In particular, forward-looking statements in this press release may include statements about:

• anticipated trends, conditions and investor sentiment in the global markets and ETPs;

• anticipated levels of inflows into and outflows out of our ETPs;

• our ability to deliver favorable rates of return to investors;

• our ability to develop new products and services;

• our ability to maintain current vendors or find new vendors to provide services to U.S. at favorable costs;

• our ability to successfully expand our business into non-U.S. markets;

• timing of payment of our cash income taxes;

• competition in our business; and

• the effect of laws and regulations that apply to our business.
Our business is subject to many risks and uncertainties, including without limitation:

• We have only a limited operating history and, as a result, recent historical growth may not provide an accurate representation of the growth we may experience in the future, which may make it difficult to evaluate our future prospects.

• Challenging market conditions associated with declining prices of securities can adversely affect our business by reducing the market value of the assets we manage or causing customers to sell their fund shares and trigger redemptions.

• Fluctuations in the amount and mix of our AUM may negatively impact revenue and operating margin.

• Most of our assets under management are held in our U.S. listed ETFs that invest in foreign securities and we therefore have substantial exposure to foreign market conditions and are subject to currency exchange rate risks.

• We derive a substantial portion of our revenue from products invested in emerging markets and are exposed to the market-specific political and economic risks as well as general investor sentiment regarding future growth of those markets.

• We derive a substantial amount of our revenue from products invested in securities of Japanese companies and are exposed to the market-specific political and economic risks as well as general investor sentiment regarding future growth of those markets and currency fluctuations between the Japanese Yen and the U.S. Dollar.

• We derive a majority of our revenue from a limited number of products -- in particular one fund, WisdomTree Japan Hedged Equity Fund, that accounted for approximately 30% of our ETF AUM -- and, as a result, our operating results are particularly exposed to the performance of those funds, investor sentiment toward the strategies pursued by those funds and our ability to maintain the assets under management of those funds.

• Our ETPs and ETFs have a limited track record, and poor investment performance could cause our revenue to decline.

• We depend on other third parties to provide many critical services to operate our business and our ETPs and ETFs. The failure of key vendors to adequately provide such services could materially affect our operating business and harm our customers.
Other factors, such as general economic conditions, including currency exchange rate fluctuations, also may have an effect on the results of our operations. For a more complete description of the risks noted above and other risks that could cause our actual results to differ from our current expectations, please see the section entitled "Risk Factors" in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2013.

The forward-looking statements in this press release represent our views as of the date of this press release. We anticipate that subsequent events and developments may cause our views to change. However, while we may elect to update these forward-looking statements at some point in the future, we have no current intention of doing so except to the extent required by applicable law. Therefore, these forward-looking statements do not represent our views as of any date other than the date of this press release.

About WisdomTree

WisdomTree Investments, Inc., through its subsidiaries in the U.S. and Europe (collectively, "WisdomTree"), is an exchange-traded fund ("ETF") and exchange-traded product ("ETP") sponsor and asset manager headquartered in New York. WisdomTree offers products covering equities, fixed income, currencies, commodities and alternative strategies. WisdomTree currently has approximately $35.9 billion in assets under management globally.

WisdomTree(R) is the marketing name for WisdomTree Investments, Inc. and its subsidiaries worldwide.












WISDOMTREE INVESTMENTS, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share amounts)
(Unaudited)











Three Months Ended % Change From Nine Months Ended

Sep. 30,
2014 Jun. 30,
2014 Sep. 30,
2013 Jun. 30,
2014 Sep. 30,
2013 Sep. 30,
2014 Sep. 30,
2013 %
Change










Revenues








Advisory fees $ 46,942 $ 43,938 $ 39,437 6.8% 19.0% $ 133,489 $ 105,691 26.3%
Other income 172 190 193 -9.5% -10.9% 673 611 10.1%
Total revenues 47,114 44,128 39,630 6.8% 18.9% 134,162 106,302 26.2%










Expenses








Compensation and benefits 9,990 7,551 9,648 32.3% 3.5% 26,896 26,577 1.2%
Fund management and administration 8,465 7,818 8,794 8.3% -3.7% 25,451 26,123 -2.6%
Marketing and advertising 3,341 2,726 2,031 22.6% 64.5% 8,645 6,164 40.2%
Sales and business development 1,279 1,727 1,305 -25.9% -2.0% 4,307 4,626 -6.9%
Professional and consulting fees 1,383 1,840 542 -24.8% 155.2% 5,018 1,812 176.9%
Occupancy, communication and equipment 882 853 723 3.4% 22.0% 2,635 1,691 55.8%
Depreciation and amortization 207 201 84 3.0% 146.4% 600 249 141.0%
Third party sharing arrangements 187 115 374 62.6% -50.0% 312 913 -65.8%
Other 1,123 1,164 1,164 -3.5% -3.5% 3,429 3,086 11.1%
Total expenses 26,857 23,995 24,665 11.9% 8.9% 77,293 71,241 8.5%










Income before taxes 20,257 20,133 14,965 0.6% 35.4% 56,869 35,061 62.2%










Income tax expense 9,634 9,531 -- -- -- 5,440 -- --









Net income $ 10,623 $ 10,602 $ 14,965 0.2% -29.0% $ 51,429 $ 35,061 46.7%




















Income before taxes per share - basic $ 0.15 $ 0.15 $ 0.12

$ 0.43 $ 0.28











Income before taxes per share - diluted $ 0.15 $ 0.15 $ 0.11

$ 0.41 $ 0.25











Net income per share - basic $ 0.08 $ 0.08 $ 0.12

$ 0.39 $ 0.28











Net income per share - diluted $ 0.08 $ 0.08 $ 0.11

$ 0.37 $ 0.25











Weighted average common shares - basic 131,778 131,533 126,509

131,418 125,909











Weighted average common shares - diluted 138,346 138,258 140,097

138,476 139,805






















WISDOMTREE INVESTMENTS, INC.
SUPPLEMENTAL CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands)









U.S. Listed Business

U.S.
Listed
Business European
Listed
Business

Total




% Change From

Q3/14 Q3/14 Q3/14 Q3/14 Q2/14 Q3/13 Q2/14 Q3/13
Revenues








Advisory fees $ 46,659 $ 283 $ 46,942 $ 46,659 $ 43,753 $ 39,437 6.6% 18.3%
Other income 224 (52) 172 224 182 193 23.1% 16.1%
Total revenues 46,883 231 47,114 46,883 43,935 39,630 6.7% 18.3%










Expenses








Compensation and benefits 9,250 740 9,990 9,250 7,026 9,648 31.7% -4.1%
Fund management and administration 8,139 326 8,465 8,139 7,625 8,794 6.7% -7.4%
Marketing and advertising 3,244 97 3,341 3,244 2,675 2,031 21.3% 59.7%
Sales and business development 1,185 94 1,279 1,185 1,653 1,305 -28.3% -9.2%
Professional and consulting fees 945 438 1,383 945 1,026 542 -7.9% 74.4%
Occupancy, communication and equipment 809 73 882 809 807 723 0.2% 11.9%
Depreciation and amortization 206 1 207 206 199 84 3.5% 145.2%
Third party sharing arrangements 187 -- 187 187 115 374 62.6% -50.0%
Other 1,088 35 1,123 1,088 1,105 1,164 -1.5% -6.5%
Total expenses 25,053 1,804 26,857 25,053 22,231 24,665 12.7% 1.6%










Income/(loss) before taxes 21,830 (1,573) 20,257 21,830 21,704 14,965 0.6% 45.9%










Income tax expense/(benefit) 9,662 (28) 9,634 9,662 9,873 -- -2.1% n/a










Net income/(loss) $ 12,168 $ (1,545) $ 10,623 $ 12,168 $ 11,831 $ 14,965 2.8% -18.7%










Pretax margin 46.6%
43.0%















Gross margin 82.2%
81.6%






















WISDOMTREE INVESTMENTS, INC.
SUPPLEMENTAL CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands)









U.S. Listed Business

U.S.
Listed
Business European
Listed
Business

Total



%

9M/14 9M/14 9M/14 9M/14 9M/13 Change
Revenues






Advisory fees $ 133,021 $ 468 $ 133,489 $ 133,021 $ 105,691 26%
Other income 717 (44) 673 717 611 17%
Total revenues 133,738 424 134,162 133,738 106,302 26%








Expenses






Compensation and benefits 25,631 1,265 26,896 25,631 26,577 -4%
Fund management and administration 24,932 519 25,451 24,932 26,123 -5%
Marketing and advertising 8,497 148 8,645 8,497 6,164 38%
Sales and business development 4,139 168 4,307 4,139 4,626 -11%
Professional and consulting fees 3,766 1,252 5,018 3,766 1,812 108%
Occupancy, communication and equipment 2,516 119 2,635 2,516 1,691 49%
Depreciation and amortization 597 3 600 597 249 140%
Third party sharing arrangements 312 -- 312 312 913 -66%
Other 3,335 94 3,429 3,335 3,086 8%
Total expenses 73,725 3,568 77,293 73,725 71,241 3%








Income/(loss) before taxes 60,013 (3,144) 56,869 60,013 35,061 71%








Income tax expense/(benefit) 5,810 (370) 5,440 5,810 -- n/a








Net income/(loss) $ 54,203 $ (2,774) $ 51,429 $ 54,203 $ 35,061 55%








Pretax margin 44.9%
42.4%











Gross margin 81.1%
80.8%












WISDOMTREE INVESTMENTS, INC.
CONSOLIDATED BALANCE SHEET
(in thousands, except per share amounts)









September 30,
2014 December 31,
2013

(Unaudited)





ASSETS


Current assets:


Cash and cash equivalents $ 151,287 $ 104,316
Accounts receivable 16,268 18,100
Other current assets 2,208 1,320




Total current assets 169,763 123,736




Fixed assets, net 10,263 6,252
Investments 12,224 11,748
Deferred tax asset, net 8,253 --
Goodwill 1,676 --
Other noncurrent assets 56 55




Total assets $ 202,235 $ 141,791




LIABILITIES AND STOCKHOLDERS' EQUITY


LIABILITIES


Current liabilities:


Fund management and administration payable $ 8,833 $ 10,394
Compensation and benefits payable 7,062 14,278
Accounts payable and other liabilities 4,956 4,384




Total current liabilities 20,851 29,056




Other noncurrent liabilities:


Acquisition payable 1,757 --
Deferred rent payable 5,326 3,706




Total liabilities 27,934 32,762




STOCKHOLDERS' EQUITY


Common stock, par value $0.01; 250,000 shares authorized: issued: 133,516 and 132,247 outstanding: 131,947 and 130,350 1,335 1,322
Additional paid-in capital 198,040 184,201
Accumulated other comprehensive loss (9) --
Accumulated deficit (25,065) (76,494)




Total stockholders' equity 174,301 109,029




Total liabilities and stockholders' equity $ 202,235 $ 141,791









WISDOMTREE INVESTMENTS, INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
(Unaudited)





Nine Months Ended

September 30,
2014 September 30,
2013




Cash flows from operating activities


Net income $ 51,429 $ 35,061
Non-cash items included in net income:


Income tax expense 5,396 --
Depreciation and amortization 600 249
Stock-based compensation 6,122 5,186
Deferred rent 1,620 111
Accretion to interest income and other (76) 108
Changes in operating assets and liabilities:


Accounts receivable 2,049 (3,683)
Other assets (811) (720)
Fund management and administration payable (1,579) 3,697
Compensation and benefits payable (7,510) 7,235
Accounts payable and other liabilities (590) 471




Net cash provided by operating activities 56,650 47,715




Cash flows from investing activities


Purchase of fixed assets (4,580) (1,118)
Purchase of investments (1,384) (3,358)
Cash acquired on acquisition 1,349 --
Proceeds from the redemption of investments 868 2,693




Net cash used in investing activities (3,747) (1,783)




Cash flows from financing activities


Shares repurchased (6,259) (1,413)
Proceeds from exercise of stock options 341 1,349




Net cash used in financing activities (5,918) (64)




Decrease in cash flows due to changes in foreign exchange rate (14) --




Net increase in cash and cash equivalents 46,971 45,868




Cash and cash equivalents - beginning of period 104,316 41,246




Cash and cash equivalents - end of period $ 151,287 $ 87,114




Supplemental disclosure of cash flow information






Cash paid for taxes $ 66 $ 33















WisdomTree Investments, Inc.





Key Operating Statistics (Unaudited)













Three Months Ended Nine Months Ended

September 30,
2014 June 30,
2014 September 30,
2013 September 30,
2014 September 30,
2013
U.S. LISTED ETFs





Total ETFs (in millions)





Beginning of period assets 35,500 33,884 28,975 34,884 18,286
Inflows/(outflows) 748 334 1,160 580 12,015
Market appreciation/(depreciation) (425) 1,282 1,217 359 1,051
End of period assets 35,823 35,500 31,352 35,823 31,352







Average assets during the period 35,554 34,141 30,473 34,518 26,932
Revenue Days 92 91 92 273 273







ETF Industry and Market Share (in billions)





ETF industry net inflows 48.5 57.7 53.7 120.7 121.3
WisdomTree market share of industry inflows 1.5% 0.6% 2.2% 0.5% 9.9%







International Hedged Equity ETFs (in millions)





Beginning of period assets 12,557 12,612 10,270 13,348 1,258
Inflows/(outflows) 799 (502) 752 285 9,199
Market appreciation/(depreciation) 615 447 459 338 1,024
End of period assets 13,971 12,557 11,481 13,971 11,481







Average assets during the period 12,654 12,189 11,175 12,631 7,744







US Equity ETFs (in millions)





Beginning of period assets 8,052 7,505 5,777 7,181 4,371
Inflows/(outflows) 84 221 273 494 1,111
Market appreciation/(depreciation) (197) 326 221 264 789
End of period assets 7,939 8,052 6,271 7,939 6,271







Average assets during the period 8,067 7,721 6,214 7,655 5,502







Emerging Markets Equity ETFs (in millions)





Beginning of period assets 7,606 6,753 7,172 7,448 7,332
Inflows/(outflows) 270 388 286 26 1,111
Market appreciation/(depreciation) (381) 465 245 21 (740)
End of period assets 7,495 7,606 7,703 7,495 7,703







Average assets during the period 7,878 7,088 7,289 7,247 7,719







International Developed Equity ETFs (in millions)





Beginning of period assets 5,340 4,830 2,633 3,864 2,474
Inflows/(outflows) (452) 518 205 878 401
Market appreciation/(depreciation) (394) (8) 312 (248) 275
End of period assets 4,494 5,340 3,150 4,494 3,150







Average assets during the period 5,016 5,135 2,888 4,833 2,782







Fixed Income ETFs (in millions)





Beginning of period assets 1,376 1,610 2,437 1,906 2,118
Inflows/(outflows) 69 (278) (320) (515) 266
Market appreciation/(depreciation) (66) 44 (22) (12) (289)
End of period assets 1,379 1,376 2,095 1,379 2,095







Average assets during the period 1,385 1,435 2,246 1,522 2,466







Currency ETFs (in millions)





Beginning of period assets 406 422 547 979 611
Inflows/(outflows) (35) (21) (48) (605) (98)
Market appreciation/(depreciation) (9) 5 3 (12) (11)
End of period assets 362 406 502 362 502







Average assets during the period 380 413 515 468 586







Alternative Strategy ETFs (in millions)





Beginning of period assets 163 152 139 158 122
Inflows/(outflows) 13 8 12 17 25
Market appreciation/(depreciation) 7 3 (1) 8 3
End of period assets 183 163 150 183 150







Average assets during the period 174 160 146 162 133







Average ETF assets during the period





International hedged equity ETFs 36% 36% 37% 37% 29%
US equity ETFs 23% 23% 20% 22% 20%
Emerging markets equity ETFs 22% 21% 24% 21% 29%
International developed equity ETFs 14% 15% 9% 14% 10%
Fixed income ETFs 4% 4% 7% 4% 9%
Currency ETFs 1% 1% 2% 1% 2%
Alternative strategy ETFs 0% 0% 1% 1% 1%
Total 100% 100% 100% 100% 100%







Average ETF advisory fee during the period





Alternative strategy ETFs 0.94% 0.94% 0.94% 0.94% 0.94%
Emerging markets equity ETFs 0.68% 0.67% 0.66% 0.67% 0.66%
International developed equity ETFs 0.56% 0.57% 0.56% 0.56% 0.56%
Fixed income ETFs 0.55% 0.55% 0.55% 0.55% 0.55%
International hedged equity ETFs 0.50% 0.50% 0.49% 0.50% 0.49%
Currency ETFs 0.49% 0.49% 0.50% 0.49% 0.50%
US equity ETFs 0.35% 0.35% 0.35% 0.35% 0.35%
Blended total 0.52% 0.51% 0.51% 0.52% 0.52%







Number of ETFs - end of the period





International developed equity ETFs 17 17 16 17 16
US equity ETFs 13 13 13 13 13
Fixed income ETFs 12 12 6 12 6
International hedged equity ETFs 12 12 4 12 4
Emerging markets equity ETFs 7 7 7 7 7
Currency ETFs 6 6 5 6 5
Alternative strategy ETFs 2 2 2 2 2
Total 69 69 53 69 53







EUROPEAN LISTED ETPs





Total ETPs (in thousands)





Beginning of period assets*** 113,244 96,817
96,817

Inflows/(outflows) 19,192 17,658
36,850

Market appreciation/(depreciation) (9,226) (1,231)
(10,457)

End of period assets 123,210 113,244
123,210








Average ETP advisory fee during the period 0.79% 0.82%
0.80%

Number of ETPs - end of the period 42 38
42








Global headcount 114 103 84 114 84







Note: Previously issued statistics may be restated due to trade adjustments
Source: Investment Company Institute, Bloomberg, WisdomTree


***Q1 and 9 month stats began April 16, 2014
Non-GAAP Financial Measurements

In an effort to provide additional information regarding our results as determined by GAAP, we also disclose certain non-GAAP information which we believe provides useful and meaningful information. The non-GAAP financial measurements included in this release include gross margin, gross margin percentage and our operating results for our U.S. listed ETF business. Our management reviews these non-GAAP financial measurements when evaluating our financial performance and results of operations; therefore, we believe it is useful to provide information with respect to these non-GAAP measurements so as to share this perspective of management. Non-GAAP measurements do not have any standardized meaning, do not replace nor are superior to GAAP financial measurements and are unlikely to be comparable to similar measures presented by other companies. These non-GAAP financial measurements should be considered in the context with our GAAP results. We disclose gross margin as a non-GAAP financial measurement to allow investors to analyze our revenues less the direct costs paid to third parties attributable to those revenues. We disclose the results of our U.S. listed ETF business to allow investors to better compare our results to the prior year as in April 2014, we acquired Boost ETP, a UK based ETP sponsor.
















WISDOMTREE INVESTMENTS, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
GAAP to NON-GAAP RECONCILIATION
(in thousands)
(Unaudited)








Three Months Ended For the Nine Months Ended

Sep. 30,
2014 Jun. 30,
2014 Sep. 30,
2013 Sep. 30,
2014 Sep. 30,
2013
GAAP total revenue $ 47,114 $ 44,128 $ 39,630 $ 134,162 $ 106,302
Fund management and administration (8,465) (7,818) (8,794) (25,451) (26,123)
Third party sharing arrangements (187) (115) (374) (312) (913)







Gross margin $ 38,462 $ 36,195 $ 30,462 $ 108,399 $ 79,266







Gross margin percentage 81.6% 82.0% 76.9% 80.8% 74.6%














U.S. listed ETFs:












GAAP total revenue $ 46,883 $ 43,935



Fund management and administration (8,139) (7,625)



Third party sharing arrangements (187) (115)










Gross margin $ 38,557 $ 36,195










Gross margin percentage 82.2% 82.4%







FinanceInvestment & Company Information
Contact:
WisdomTree Investments, Inc.
Stuart Bell / Jessica Zaloom
+1.917.267.3702 / +1.917.267.3735
[e-mail] / [e-mail]

[RickKayne]

Wisdomtree makes a great product. I will buy and hold for several years. Also watching JNS and Vrts in same sector,

[maytepper]

$WETF WisdomTree: We Remain On The Sidelines, Says William Blair http://www.smarteranalyst.com/2014/08/05/wisdomtree-we-remain-on-the-sidelines-says-william-blair/

[RickKayne]

"don't call it comeback"

[Drmicrocap]

WisdomTree Announces First Quarter 2014 Results
GlobeNewswire WisdomTree Investments, Inc.
May 2, 2014 7:00 AM
Pre-Tax Income of $16.5 Million; Doubles From Year Ago Quarter

$0.12 Diluted Pretax EPS

Revenues Increase 46% From Year Ago Quarter

NEW YORK, May 2, 2014 (GLOBE NEWSWIRE) --WisdomTree Investments, Inc. (WETF), an exchange-traded product ("ETP") sponsor and asset manager, today reported pre-tax income of $16.5 million or $0.12 per share on a fully diluted basis. This compares to $7.9 million in the first quarter of 2013 and $16.5 million in the fourth quarter of 2013. Included in the quarter were $1.3 million, or $0.01 per diluted EPS, of costs associated with our acquisition of U.K.-based ETP provider Boost and non-recurring costs for transitioning our fund accounting and administration services. The Company also recorded a non-recurring tax benefit of $13.7 million resulting in net income of $30.2 million for the first quarter of 2014.1

WisdomTree CEO and President Jonathan Steinberg said, "WisdomTree's powerful operating model produced strong financial results in the first quarter on a base of $33.9 billion in average ETF assets. Even against the backdrop of a challenging market environment for some of our largest exposures, we increased revenues and earnings year over year, demonstrating the scale and strength of our business."

Mr. Steinberg continued, "We completed important initiatives, including a seamless transition in back office fund accounting, administration and custody services. We also completed our investment to establish WisdomTree Europe and look forward to building out a platform of Boost and WisdomTree products for the world's second largest ETF market. We continue to invest strategically to make WisdomTree even more competitive for the future."

Summary Operating and Financial Highlights







Three Months Ended Change From

Mar. 31, Dec. 31, Mar. 31, Dec. 31, Mar. 31,
Operating Highlights ($, in billions): 2014 2013 2013 2013 2013
ETF AUM $33.9 $34.9 $25.1 (2.9%) 35.0%
ETF net inflows/(outflows) ($0.5) $2.3 $5.9 ($2.8) ($6.4)
Average ETF AUM $33.9 $33.1 $21.9 2.3% 54.4%
Average ETF advisory fee 0.51% 0.51% 0.54% -- (0.03)
Market share of industry inflows -- 3.9% 11.3% (3.9) (11.3)
Revenue days 90 92 90 (2.0) --






Financial Highlights ($, in millions, except per share amounts):




Total revenues $42.9 $43.2 $29.3 (0.6%) 46.3%
Pre-tax income $16.5 $16.5 $7.9 0.0% 109.8%
Net income $30.2 $16.5 $7.9 83.3% 284.6%
Diluted pre-tax earnings per share $0.12 $0.12 $0.06 -- $0.06
Gross margin2 (non-GAAP) 78.6% 78.2% 71.6% +0.4 +7.0
Pre-tax margin 38.4% 38.2% 26.8% +0.2 +11.6
1 Please see section titled "Taxes."

2 Gross margin is defined as total revenues less fund management and administration expenses and third-party sharing arrangements.

Recent Business Developments

On May 1, 2014, WisdomTree announced the WisdomTree MidCap Dividend Fund (DON) surpassed $1 billion in assets
On April 29, 2014, WisdomTree announced 10 additional ETFs became available for sale in Japan
On April 21, 2014, WisdomTree announced the Mexican pension funds investment regulator approved 6 WisdomTree ETFs for sale to Mexican pension funds
On April 17, 2014, WisdomTree announced it completed an investment to create WisdomTree Europe
On April 8, 2014, WisdomTree announced the launch of a suite of currency hedged Japan Sector ETFs
On April 7, 2014, WisdomTree announced the WisdomTree Europe Hedged Equity Fund (HEDJ) surpassed $1 billion in assets
On March 20, 2014, WisdomTree announced it received three awards from ETF.com: "Most innovative ETF issuer of the year," "ETF of the year" (WisdomTree Japan Hedged Equity Fund (DXJ)) and "Best new currency ETF of 2013"(WisdomTree Bloomberg U.S. Dollar Bullish Fund (USDU))
On February 26, 2014, WisdomTree announced the Peruvian pension funds investment regulator approved 12 WisdomTree ETFs for sale to Peruvian pension funds
On February 17, 2014, WisdomTree announced the WisdomTree Europe SmallCap Dividend Fund (DFE) surpassed $1 billion in assets
On February 2, 2014, WisdomTree announced the launch of the WisdomTree Bloomberg Floating Rate Treasury Fund (USFR)
Assets Under Management and Net Inflows

ETF assets under management ("AUM") were $33.9 billion at March 31, 2014, up 35.0% from $25.1 billion at March 31, 2013, and down 2.9% from $34.9 billion at December 31, 2013. AUM decreased from December 31, 2013 due to net outflows of $0.5 billion primarily in our emerging markets equity, currency and fixed income focused ETFs as well as in our Japan Hedged Equity ETF (DXJ). We also had negative market movement of $0.5 billion, primarily in those same funds.

Performance

In evaluating the performance of our Equity, Fixed Income and Alternatives ETFs against actively managed and index based mutual funds and ETFs, 85% of the $33.4 billion invested in our ETFs and 58% (29 of 50) of our ETFs outperformed their comparable Morningstar average since inception as of March 31, 2014.

For more information about WisdomTree ETFs including standardized performance, please click here or visit www.wisdomtree.com.

First Quarter Financial Discussion

Revenues

Total revenues increased 46.3% to $42.9 million as compared to the first quarter of 2013 primarily due to higher average AUM. Revenues decreased 0.6% compared to the fourth quarter of 2013 due to two less revenue days in the first quarter. Our average advisory fee was 0.51% as compared to 0.54% for the first quarter of 2013 and 0.51% in the fourth quarter of 2013 due to a change in mix of our ETFs.

Margins

Our gross margin, which is our total revenues less fund management and administration expenses and third party sharing arrangements, was 78.6% in the first quarter of 2014 as compared to 71.6% in the first quarter of 2013 and 78.2% in the fourth quarter of 2013.

Our pre-tax margin was 38.4% in the first quarter of 2014 as compared to 26.8% in the first quarter of 2013 and 38.2% in the fourth quarter of 2013.

Expenses

Total expenses increased 23.1% to $26.4 million from $21.5 million in the first quarter of 2013. Total expenses decreased 0.9% from $26.7 million in the fourth quarter of 2013. Included in the quarter was $0.8 million of costs associated with our acquisition of Boost and $0.5 million in non-recurring costs for transitioning our fund accounting and administration services.

Compensation and benefits expense increased 25.0% to $9.4 million compared to the first quarter of 2013. This increase was primarily due to higher headcount related expenses to support our growth as well as higher payroll taxes associated with 2013 bonus payments.
Compensation and benefits expense decreased 2.9% as compared to the fourth quarter of 2013 primarily due to lower accrued incentive compensation partly offset by higher payroll taxes and stock based compensation associated with 2013 bonus awards.

Our headcount at the end of the first quarter of 2014 was 90 compared to 72 at the end of the first quarter of 2013 and 87 at the end of 2013.

Fund management and administration expenses increased 11.5% to $9.2 million compared to the first quarter of 2013. Higher average AUM resulted in a $0.6 million increase in variable fees charged by our third party service providers associated with AUM. In addition, we incurred a non-recurring charge of $0.5 million for transitioning our fund accounting and administration services.
Fund management and administration expenses increased 2.4% compared to the fourth quarter of 2013 primarily due to the transition cost referred to above. Partly offsetting this increase was a decrease in regulatory fees associated with net inflow levels and certain variable fees associated with a decrease in our emerging markets AUM.

We had 62 ETFs at the end of the first quarter of 2014 compared to 47 at the end of the first quarter of 2013 and 61 at the end of 2013.

Marketing and advertising expenses increased to $2.6 million representing an increase of 33.1% from the first quarter and 20.2% from the fourth quarter of last year primarily due to higher levels of advertising related activities to support our growth.
Sales and business development expenses decreased to $1.3 million representing a decrease of 27.8% from the first quarter and 29.6% from the fourth quarter of last year primarily due to lower levels of spending for sales related initiatives.
Professional and consulting fees increased to $1.8 million representing an increase of 192.8% from the first quarter and 91.8% from the fourth quarter of last year primarily due to advisory and other costs associated with our transaction to acquire Boost. In addition, corporate legal fees increased as well as technology consulting expenses associated with our office relocation.
Occupancy, communication and equipment expense increased to $0.9 million in the first quarter of 2014 representing a 138.7% increase from the first quarter of last year primarily due to costs for new office space which we began to occupy in January 2014. This expense decreased 17.7% compared to the fourth quarter of 2013 primarily due to the expiration in January 2014 of the lease for our previous office space. From September 2013 to January 2014, we recognized rent expense for the new office space we were preparing to occupy while continuing to recognize rent expense for the old space we were occupying at the time.
Depreciation and amortization expense increased to $0.2 million in the first quarter of 2014 representing a 134.1% increase from the first quarter of last year primarily due to amortization of leasehold improvements for our new office space. This expense was essentially unchanged compared to the fourth quarter of 2013.
Third-party sharing arrangements expense decreased to $0.01 million representing a decrease of 91.0% from the first quarter and 97.8% from the fourth quarter of last year primarily due to lower levels of inflows from our third party marketing agent in Latin America.
Other expenses increased 32.6% to $1.1 million compared to the first quarter of 2013 primarily due to higher independent director fees as well as higher general and administrative expenses. This expense decreased 20.5% compared to the fourth quarter of 2013 primarily due to lower overhead related expenses.
Taxes

The Company recorded a non-recurring tax benefit of $13.7 million in the first quarter to recognize the Company's deferred tax asset, which previously had been reserved with a 100% valuation allowance. The Company expects to record GAAP taxes beginning in the second quarter at a rate of 45%; however, for some time it will not be paying cash taxes due to the size of its net operating losses. The Company will discuss this topic on its conference call.

Balance Sheet

As of March 31, 2014, the Company had total assets of $159.7 million which consisted primarily of cash and cash equivalents of $104.8 million and investments of $11.8 million. There were approximately 131.5 million shares of common stock outstanding as of March 31, 2014. Fully diluted weighted average shares outstanding were approximately 138.7 million for the first quarter.

Conference Call

WisdomTree will discuss its results and operational highlights during a conference call on Friday, May 2, 2014 at 9:00 a.m. ET. The call-in number will be [phone]. Anyone outside the U.S. or Canada should call [phone]. The slides used during the presentation will be available at http://ir.wisdomtree.com. For those unable to join the conference call at the scheduled time, an audio replay will be available on http://ir.wisdomtree.com.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains forward-looking statements that are based on our management's beliefs and assumptions and on information currently available to our management. Although we believe that the expectations reflected in these forward-looking statements are reasonable, these statements relate to future events or our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expects," "intends," "plans," "anticipates," "believes," "estimates," "predicts," "potential," "continue" or the negative of these terms or other comparable terminology. These statements are only predictions. You should not place undue reliance on forward-looking statements because they involve known and unknown risks, uncertainties and other factors, which are, in some cases, beyond our control and which could materially affect results. Factors that may cause actual results to differ materially from current expectations include, among other things, the risks described below. If one or more of these or other risks or uncertainties occur, or if our underlying assumptions prove to be incorrect, actual events or results may vary significantly from those implied or projected by the forward-looking statements. No forward-looking statement is a guarantee of future performance. You should read this press release completely and with the understanding that our actual future results may be materially different from any future results expressed or implied by these forward-looking statements.

In particular, forward-looking statements in this press release may include statements about:

anticipated trends, conditions and investor sentiment in the global markets;
anticipated levels of inflows into and outflows out of our exchange traded funds;
our ability to deliver favorable rates of return to investors;
our ability to develop new products and services;
our ability to maintain current vendors or find new vendors to provide services to us at favorable costs;
competition in our business; and
the effect of laws and regulations that apply to our business.
Our business is subject to many risks and uncertainties, including without limitation:

We have only a limited operating history and, as a result, recent historical growth may not provide an accurate representation of the growth we may experience in the future, which may make it difficult to evaluate our future prospects.
Challenging market conditions associated with declining prices of securities can adversely affect our business by reducing the market value of the assets we manage or causing WisdomTree ETF shareholders to sell their fund shares and trigger redemptions.
Fluctuations in the amount and mix of our AUM may negatively impact revenue and operating margin.
Most of our assets under management are held in ETFs that invest in foreign securities and we therefore have substantial exposure to foreign market conditions and are subject to currency exchange rate risks.
We derive a substantial portion of our revenue from products invested in emerging markets and are exposed to the market-specific political and economic risks as well as general investor sentiment regarding future growth of those markets.
We derive a substantial amount of our revenue from products invested in securities of Japanese companies and are exposed to the market-specific political and economic risks as well as general investor sentiment regarding future growth of those markets and currency fluctuations between the Japanese Yen and the U.S. Dollar.
We derive a majority of our revenue from a limited number of products--in particular one fund, WisdomTree Japan Hedged Equity Fund, that accounted for approximately one third of our ETF AUM--and, as a result, our operating results are particularly exposed to the performance of those funds, investor sentiment toward the strategies pursued by those funds and our ability to maintain the assets under management of those funds.
The WisdomTree ETFs have a limited track record, and poor investment performance could cause our revenue to decline.
We depend on other third parties to provide many critical services to operate our business and the WisdomTree ETFs. The failure of key vendors to adequately provide such services could materially affect our operating business and harm WisdomTree ETF shareholders.
Other factors, such as general economic conditions, including currency exchange rate fluctuations, also may have an effect on the results of our operations. For a more complete description of the risks noted above and other risks that could cause our actual results to differ from our current expectations, please see the section entitled "Risk Factors" in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2013.

The forward-looking statements in this press release represent our views as of the date of this press release. We anticipate that subsequent events and developments may cause our views to change. However, while we may elect to update these forward-looking statements at some point in the future, we have no current intention of doing so except to the extent required by applicable law. Therefore, these forward-looking statements do not represent our views as of any date other than the date of this press release.

About WisdomTree

WisdomTree Investments, Inc., through its subsidiaries in the U.S. and the U.K. (collectively, "WisdomTree"), is an exchange-traded product ("ETP") sponsor and asset manager headquartered in New York. WisdomTree offers ETPs covering equity, fixed income, currency, alternatives and commodity asset classes. WisdomTree currently has approximately $33.3 billion in assets under management globally.

WisdomTree(R) is the marketing name for WisdomTree Investments, Inc. and its wholly owned subsidiary, WisdomTree Asset Management, Inc., a registered investment adviser and investment adviser to the WisdomTree Trust and each of its series. The WisdomTree Trust is a registered open-end management investment company.


WISDOMTREE INVESTMENTS, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share amounts)
(Unaudited)







Three Months Ended % Change From

Mar. 31, Dec. 31, Mar. 31, Dec. 31, Mar. 31,

2014 2013 2013 2013 2013






Revenues




ETF advisory fees $ 42,609 $ 42,903 $ 29,153 -0.7% 46.2%
Other income 311 263 188 18.3% 65.4%
Total revenues 42,920 43,166 29,341 -0.6% 46.3%






Expenses




Compensation and benefits 9,355 9,633 7,482 -2.9% 25.0%
Fund management and administration 9,168 8,953 8,223 2.4% 11.5%
Marketing and advertising 2,578 2,145 1,937 20.2% 33.1%
Sales and business development 1,301 1,848 1,801 -29.6% -27.8%
Professional and consulting fees 1,795 936 613 91.8% 192.8%
Occupancy, communication and equipment 900 1,093 377 -17.7% 138.7%
Depreciation and amortization 192 190 82 1.1% 134.1%
Third party sharing arrangements 10 455 111 -97.8% -91.0%
Other 1,142 1,437 861 -20.5% 32.6%
Total expenses 26,441 26,690 21,487 -0.9% 23.1%
Income before taxes 16,479 16,476 7,854 0.0% 109.8%
Income tax benefit (13,725) -- -- -- --






Net income $ 30,204 $ 16,476 $ 7,854 83.3% 284.6%






Income before taxes per share - basic $ 0.13 $ 0.13 $ 0.06

Income before taxes per share - diluted $ 0.12 $ 0.12 $ 0.06

Net income per share - basic $ 0.23 $ 0.13 $ 0.06

Net income per share - diluted $ 0.22 $ 0.12 $ 0.06

Weighted average common shares - basic 130,934 128,851 125,436

Weighted average common shares - diluted 138,667 140,065 139,650


WISDOMTREE INVESTMENTS, INC.
CONSOLIDATED BALANCE SHEET
(in thousands, except per share amount)




March 31, December 31,

2014 2013

(Unaudited)



ASSETS

Current assets:

Cash and cash equivalents $ 104,780 $ 104,316
Accounts receivable 17,815 18,100
Other current assets 1,927 1,320
Total current assets 124,522 123,736



Fixed assets, net 9,587 6,252
Investments 11,835 11,748
Deferred income taxes 13,725 --
Other noncurrent assets 56 55
Total assets $ 159,725 $ 141,791

LIABILITIES AND STOCKHOLDERS' EQUITY LIABILITIES

Current liabilities:

Fund management and administration payable $ 11,752 $ 10,394
Compensation and benefits payable 2,805 14,278
Accounts payable and other liabilities 4,921 4,384
Total current liabilities 19,478 29,056



Other noncurrent liabilities 4,349 3,706
Total liabilities 23,827 32,762



STOCKHOLDERS' EQUITY

Common stock, par value $0.01; 250,000 shares authorized: issued: 133,265 and 132,247 outstanding: 131,525 and 130,350 1,332 1,322
Additional paid-in capital 180,856 184,201
Accumulated deficit (46,290) (76,494)
Total stockholders' equity 135,898 109,029



Total liabilities and stockholders' equity $ 159,725 $ 141,791

WISDOMTREE INVESTMENTS, INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
(Unaudited)







Three Months Ended

March 31, March 31,

2014 2013



Cash flows from operating activities

Net income $ 30,204 $ 7,854
Non-cash items included in net income:

Income tax benefit (13,725) --
Depreciation and amortization 192 82
Stock-based compensation 2,015 1,714
Deferred rent 643 (34)
Accretion to interest income and other (111) 39
Changes in operating assets and liabilities:

Accounts receivable 285 (1,750)
Other assets (491) (256)
Fund management and administration payable 1,358 2,589
Compensation and benefits payable (11,473) 457
Accounts payable and other liabilities 537 (451)
Net cash provided by operating activities 9,434 10,244



Cash flows from investing activities

Purchase of fixed assets (3,527) (10)
Purchase of investments (154) (1,314)
Proceeds from the redemption of investments 61 1,633
Net cash (used in)/provided by investing activities (3,620) 309



Cash flows from financing activities

Shares repurchased (5,426) (249)
Proceeds from exercise of stock options 76 747
Net cash (used in)/provided by financing activities (5,350) 498
Net increase in cash and cash equivalents 464 11,051
Cash and cash equivalents - beginning of period 104,316 41,246
Cash and cash equivalents - end of period $ 104,780 $ 52,297



Supplemental disclosure of cash flow information

Cash paid for taxes $ 14 $ 34

WisdomTree Investments, Inc.
Key Operating Statistics (Unaudited)





Three Months Ended

March 31, December 31, March 31,

2014 2013 2013
Total ETFs (in millions)


Beginning of period assets 34,884 31,352 18,286
Inflows/(outflows) (498) 2,308 5,893
Market appreciation/(depreciation) (502) 1,224 924
End of period assets 33,884 34,884 25,103




Average assets during the period 33,859 33,091 21,934




Revenue Days 90 92 90




ETF Industry and Market Share (in billions)


ETF industry net inflows 14.6 58.6 52.2
WisdomTree market share of industry inflows -- 3.9% 11.3%




International Hedged Equity ETFs (in millions)


Beginning of period assets 13,348 11,481 1,258
Inflows/(outflows) (12) 1,243 4,071
Market appreciation/(depreciation) (724) 624 468
End of period assets 12,612 13,348 5,797




Average assets during the period 13,052 11,848 3,432




US Equity ETFs (in millions)


Beginning of period assets 7,181 6,271 4,371
Inflows/(outflows) 189 367 291
Market appreciation/(depreciation) 135 543 499
End of period assets 7,505 7,181 5,161




Average assets during the period 7,176 6,771 4,749




Emerging Markets Equity ETFs (in millions)


Beginning of period assets 7,448 7,703 7,332
Inflows/(outflows) (632) (246) 876
Market appreciation/(depreciation) (63) (9) (137)
End of period assets 6,753 7,448 8,071




Average assets during the period 6,775 7,891 7,905




International Developed Equity ETFs (in millions)


Beginning of period assets 3,864 3,150 2,474
Inflows/(outflows) 812 565 139
Market appreciation/(depreciation) 154 149 115
End of period assets 4,830 3,864 2,728




Average assets during the period 4,347 3,490 2,640




Fixed Income ETFs (in millions)


Beginning of period assets 1,906 2,095 2,118
Inflows/(outflows) (302) (144) 508
Market appreciation/(depreciation) 6 (45) (26)
End of period assets 1,610 1,906 2,600




Average assets during the period 1,747 2,008 2,453




Currency ETFs (in millions)


Beginning of period assets 979 502 611
Inflows/(outflows) (549) 515 12
Market appreciation/(depreciation) (8) (38) 3
End of period assets 422 979 626




Average assets during the period 611 933 637




Alternative Strategy ETFs (in millions)


Beginning of period assets 158 150 122
Inflows/(outflows) (4) 8 (4)
Market appreciation/(depreciation) (2) -- 2
End of period assets 152 158 120




Average assets during the period 151 150 118




Average ETF assets during the period


International hedged equity ETFs 39% 36% 15%
US equity ETFs 21% 20% 22%
Emerging markets equity ETFs 20% 24% 36%
International developed equity ETFs 13% 11% 12%
Fixed income ETFs 5% 6% 11%
Currency ETFs 2% 3% 3%
Alternative strategy ETFs 0% 0% 1%
Total 100% 100% 100%




Average ETF advisory fee during the period


Alternative strategy ETFs 0.94% 0.94% 0.94%
Emerging markets equity ETFs 0.66% 0.66% 0.67%
International developed equity ETFs 0.56% 0.56% 0.56%
Fixed income ETFs 0.55% 0.55% 0.55%
International hedged equity ETFs 0.49% 0.49% 0.49%
Currency ETFs 0.49% 0.48% 0.51%
US equity ETFs 0.35% 0.35% 0.35%
Blended total 0.51% 0.51% 0.54%




Number of ETFs - end of the period


International developed equity ETFs 16 16 16
US equity ETFs 13 13 11
Fixed income ETFs 12 11 6
Emerging markets equity ETFs 7 7 5
International hedged equity ETFs 6 6 2
Currency ETFs 6 6 5
Alternative strategy ETFs 2 2 2
Total 62 61 47




Headcount 90 87 72




Note: Previously issued statistics may be restated due to trade adjustments
Source: Investment Company Institute, Bloomberg, WisdomTree
Non-GAAP Financial Measurements

In an effort to provide additional information regarding our results as determined by GAAP, we also disclose certain non-GAAP information which we believe provides useful and meaningful information. The non-GAAP financial measurements included in this release include gross margin and gross margin percentage. Our management reviews these non-GAAP financial measurements when evaluating our financial performance and results of operations; therefore, we believe it is useful to provide information with respect to these non-GAAP measurements so as to share this perspective of management. Non-GAAP measurements do not have any standardized meaning, do not replace nor are superior to GAAP financial measurements and are unlikely to be comparable to similar measures presented by other companies. These non-GAAP financial measurements should be considered in the context with our GAAP results. We disclose gross margin as a non-GAAP financial measurement to allow investors to analyze our revenues less the direct costs paid to third parties attributable to those revenues.


WISDOMTREE INVESTMENTS, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
GAAP to NON-GAAP RECONCILIATION
(in thousands)
(Unaudited)









Three Months Ended

Mar. 31, Dec. 31, Mar. 31,

2014 2013 2013
GAAP total revenue $ 42,920 $ 43,166 $ 29,341
Fund management and administration (9,168) (8,953) (8,223)
Third party sharing arrangements (10) (455) (111)




Gross margin $ 33,742 $ 33,758 $ 21,007




Gross margin percentage 78.6% 78.2% 71.6%

Contact:
WisdomTree Investments, Inc.
Stuart Bell / Jessica Zaloom
+1.917.267.3702 / +1.917.267.3735
[e-mail] / [e-mail]

[Drmicrocap]

WisdomTree Schedules Earnings Conference Call for Q1 on May 2, 2014 at 9:00 a.m. ET
GlobeNewswire WisdomTree Investments, Inc.
April 16, 2014 1:00 PM
NEW YORK, April 16, 2014 (GLOBE NEWSWIRE) -- WisdomTree Investments, Inc. (WETF), an exchange-traded fund ("ETF") sponsor and asset manager, announced today that it plans to release its first quarter results on May 2, 2014 at 7:00 a.m. ET. A conference call to discuss the firm's results will be held at 9:00 a.m. ET.

Teleconference and Webcast Details

The call and accompanying presentation will be accessible as a webcast on the Investor Relations section of WisdomTree's web site at http://ir.wisdomtree.com/. A replay will be available on the web site shortly after the call.

Those wishing to listen to the live conference via telephone should dial-in at least 10 minutes before the call begins at the following telephone numbers:

Live Dial-in Information:

United States: [phone]

International: [phone]

About WisdomTree

WisdomTree Investments, Inc. is a New York-based exchange-traded fund ("ETF") sponsor and asset manager. WisdomTree currently offers 67 ETFs across Equities, Fixed Income, Currency Income and Alternatives asset classes. WisdomTree also licenses its indexes to third parties for proprietary products and promotes the use of WisdomTree ETFs in 401(k) plans. WisdomTree currently has approximately $33.1 billion in ETF assets under management. F

WisdomTree(R) is the marketing name for WisdomTree Investments, Inc. and its wholly owned subsidiary WisdomTree Asset Management, Inc. WisdomTree Asset Management, Inc. is a registered investment advisor and is the investment advisor to the WisdomTree Trust and the WisdomTree ETFs. The WisdomTree Trust is a registered open-end investment company. Each WisdomTree ETF is a series of the WisdomTree Trust.

Contact:
WisdomTree Investments, Inc.
Stuart Bell / Jessica Zaloom
+1.917.267.3702 / +1.917.267.373

[risk on]

Wetf = WTF, chart set UP WAS Looking great, now.... Not so much

[RickKayne]

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[Drmicrocap]

WisdomTree Announces Fourth Quarter and Year End 2013 Results
GlobeNewswire WisdomTree Investments, Inc.
2 hours ago
Record net income more than triples from year ago quarter and for the year

Diluted EPS $0.12 for the quarter and $0.37 for the year

Record revenues up 83% from year ago quarter and 76% for the year

$2.3 billion net inflows in quarter and record $14.3 billion for the year

NEW YORK, Jan. 31, 2014 (GLOBE NEWSWIRE) -- WisdomTree Investments, Inc. (WETF), an exchange-traded fund ("ETF") sponsor and asset manager, today reported net income of $16.5 million for the fourth quarter of 2013, or $0.12 per share on a fully diluted basis. This compares to $5.3 million in the fourth quarter of 2012 and $15.0 million in the third quarter of 2013. For the full year, net income was $51.5 million, or $0.37 per share on a fully diluted basis. This compares to $11.0 million in 2012.

WisdomTree CEO and President Jonathan Steinberg commented, "2013 was a year of transformational growth, stellar operating performance and record financial results for WisdomTree. Powered by $14.3 billion in net inflows, our revenues are up 76% for the year, and with the growth of our business we are demonstrating the scale, efficiency and earnings power of our operating model."

Mr. Steinberg continued, "We also continued to invest in our business to position WisdomTree for future growth. During the course of the year we bolstered our product set in important categories like domestic equities, domestic fixed income and currency hedged equities. In total, 15 new products launched in 2013 provide investment solutions for a strengthening U.S. dollar, as well as rising interest rates."

Mr. Steinberg concluded, "We also made important strides at the business level, including the announcement last quarter of a new fund administration and custody services relationship with State Street Bank and Trust Company, a global leader with the infrastructure to support our growth. Today, we announced expansion plans for the European ETF market. As we continue into 2014 with strong momentum, I am excited about the significant opportunities for WisdomTree's expansion and development."

Summary Operating and Financial Highlights







Three Months Ended Change From

Dec. 31, Sep. 30, Dec. 31, Sep. 30, Dec. 31,
Operating Highlights ($, in billions): 2013 2013 2012 2013 2012
ETF AUM $34.9 $31.4 $18.3 11.3% 90.8%
ETF net inflows $2.3 $1.2 $1.1 99.0% 117.9%
Average ETF AUM $33.1 $30.5 $17.1 8.6% 93.9%
Average ETF advisory fee 0.51% 0.51% 0.54% -- (0.03)
Market share of industry inflows 3.9% 2.2% 1.9% +1.7 +2.0






Financial Highlights ($, in millions, except per share amounts):




Total revenues $43.2 $39.6 $23.6 8.9% 83.1%
Net income $16.5 $15.0 $5.3 10.1% 213.6%
Diluted earnings per share $0.12 $0.11 $0.04 $0.01 $0.08
Gross margin1 (non-GAAP) 78% 77% 68% +.10 +10.0
Pre-tax margin 38% 38% 22% -- +16.0







Year Ended


Dec. 31, Dec. 31,


Operating Highlights ($, in billions): 2013 2012 Change

ETF AUM $34.9 $18.3 90.8%

ETF net inflows $14.3 $4.7 202.7%

Average ETF AUM $28.5 $15.6 83.1%

Average ETF advisory fee 0.52% 0.54% (0.02)

Market share of industry inflows 8.0% 2.6% +5.4







Financial Highlights ($, in millions, except per share amounts):




Total revenues $149.5 $84.8 76.3%

Net income $51.5 $11.0 367.2%

Diluted earnings per share $0.37 $0.08 $0.29

Gross margin1 (non-GAAP) 76% 66% +10.0

Pre-tax margin 34% 17% +17.0







[1] Gross margin is defined as total revenues less fund management and administration expenses and third-party sharing arrangements.
Recent Business Developments

On November 4, 2013 WisdomTree announced the Chilean pension regulator approved the sale of three additional WisdomTree ETFs in Chile
On November 7, 2013, WisdomTree announced the launch of the WisdomTree Korea Hedged Equity Fund (DXKW)
On December 4, 2013, WisdomTree announced the WisdomTree SmallCap Dividend Fund (DES) surpassed $1 billion in assets
On December 18, 2013, WisdomTree announced the launch of the WisdomTree Bloomberg U.S. Dollar Bullish Fund (USDU)
On December 18, 2013, WisdomTree announced the launch of the WisdomTree Japan Interest Rate Strategy Fund (JGBB)
On December 18, 2013, WisdomTree announced the launch of Rising Rates Bond ETFs based on leading Fixed Income benchmarks: WisdomTree Barclays U.S. Aggregate Bond Zero Duration Fund (AGZD), WisdomTree Barclays U.S. Aggregate Bond Negative Duration Fund (AGND), WisdomTree BofA Merrill Lynch High Yield Bond Zero Duration Fund (HYZD), WisdomTree BofA Merrill Lynch High Yield Bond Negative Duration Fund (HYND)
On January 31, 2014, WisdomTree announced the launch of a platform for European ETF operations through a majority investment in Boost ETP, expected to close in the first half of 2014
Assets Under Management, Net Inflows and Market Share

ETF assets under management ("AUM") were $34.9 billion at December 31, 2013, up 90.8% from $18.3 billion at December 31, 2012, and up 11.3% from $31.4 billion at September 30, 2013. Net inflows for the fourth quarter of 2013 were $2.3 billion as compared to $1.1 billion in the fourth quarter of 2012 and $1.2 billion in the third quarter of 2013. For the year, net inflows were $14.3 billion as compared to $4.7 billion in 2012. WisdomTree's market share of industry net inflows was 3.9% in the fourth quarter of 2013 as compared to 1.9% in the fourth quarter of 2012 and 2.2% in the third quarter of 2013. For the full year, WisdomTree's market share was 8.0% as compared to 2.6% in 2012.

Performance

In evaluating the performance of our Equity, Fixed Income and Alternatives ETFs against actively managed and index based mutual funds and ETFs, 85% of the $33.9 billion invested in our ETFs and 56% (28 of 50) of our ETFs outperformed their comparable Morningstar average since inception as of December 31, 2013.

For more information about WisdomTree ETFs including standardized performance, please click here or visit www.wisdomtree.com.

Fourth Quarter Financial Discussion

Revenues

Total revenues increased 83.1% to a record $43.2 million as compared to the fourth quarter of 2012 and 8.9% compared to the third quarter of 2013 primarily due to higher average AUM as a result of positive net inflows into our ETFs and market appreciation. Our average advisory fee earned was 0.51% as compared to 0.54% for the fourth quarter of 2012 and 0.51% in the third quarter of 2013 due to the majority of our inflows going to our Japan hedged equity ETF (DXJ), which has an expense ratio of 0.48%.

Margins

Our gross margin, which is our total revenues less fund management and administration expenses and third party sharing arrangements, was 78% in the fourth quarter of 2013 as compared to 68% in the fourth quarter of 2012 and 77% in the third quarter of 2013.

Our pre-tax margin was 38% in the third and fourth quarters of 2013 as compared to 22% in the fourth quarter of 2012.

Expenses

Total expenses increased 45.7% to $26.7 million from $18.3 million in the fourth quarter of 2012. Included in the prior year quarter was $0.2 million of net costs related to patent litigation and offering costs. Total expenses increased 8.2% from $24.7 million in the third quarter of 2013.

Compensation and benefits expense increased 56.3% to $9.6 million compared to the fourth quarter of 2012. This increase was primarily due to higher accrued incentive compensation due to our record level of net inflows in 2013 and higher headcount related expenses to support our growth.
Compensation and benefits expense was essentially unchanged from the third quarter of 2013 as higher accrued incentive compensation was partly offset by lower stock based compensation.
Our headcount at the end of 2013 was 87 compared to 70 at the end of 2012 and 84 at the end of the third quarter of 2013.
Fund management and administration expenses increased 41.1% to $9.0 million compared to the fourth quarter of 2012. At the end of 2012, we ended our joint venture with BNY Mellon. As a result, we began to record certain operating costs related to our currency and fixed income ETFs, which were previously recognized by BNY Mellon as part of the joint venture. This resulted in approximately $0.5 million in higher costs this quarter, while eliminating the expense of the third-party sharing arrangement. Higher average AUM resulted in a $1.9 million increase in variable fees charged by our third party service providers associated with AUM.
Fund management and administration expenses increased 1.8% compared to the third quarter of 2013 primarily due to higher average AUM as well as costs associated with new ETFs.
We have 61 ETFs at the end of the year compared to 46 at the end of 2012 and 53 at the end of the third quarter of 2013.
Marketing and advertising expenses increased to $2.1 million representing an increase of 31.8% from the fourth quarter of last year and 5.6% from the third quarter of 2013 primarily due to higher levels of advertising related activities to support our growth.
Sales and business development expenses increased to $1.8 million representing an increase of 75.5% from the fourth quarter of last year and 41.6% from the third quarter of 2013 primarily due to higher levels of spending for sales related initiatives.
Professional and consulting fees increased to $0.9 million representing an increase of 18.8% from the fourth quarter of last year and 72.7% from the third quarter of 2013 primarily due advisory costs associated with our transaction to acquire a majority stake in Boost ETP.
Occupancy, communication and equipment expense increased to $1.1 million in the fourth quarter of 2013 representing a 196.2% increase from the fourth quarter of last year and 51.2% from the third quarter of 2013 primarily due to costs for new office space which we began to occupy in January 2014.
Third-party sharing arrangements expense decreased 65.0% to $0.5 million compared to the fourth quarter of 2012 due to the end of our joint venture with BNY Mellon discussed above.
Third-party sharing arrangements expense increased 21.7% compared to the third quarter of 2013 due to higher inflow levels by our marketing agent in Latin America.
Other expenses increased 87.8% to $1.4 million compared to the fourth quarter of 2012 and increased 23.5% compared to the third quarter of 2013 primarily due to higher general and administrative expenses.
Balance Sheet

As of December 31, 2013, WisdomTree had total assets of $141.8 million which consisted primarily of cash and cash equivalents of $104.3 million and investments of $11.7 million. There were approximately 130.4 million shares of common stock outstanding as of December 31, 2013. Fully diluted weighted average shares outstanding were approximately 140.0 million for the fourth quarter and full year.

Net Operating Loss

The Company's pretax net operating loss carryforward (NOL) was $136.5 million at December 31, 2012. The Company estimates its NOL has increased to approximately $143.0 million as of December 31, 2013. The increase was primarily due to the tax benefit the Company receives when its employees exercise options or vest in restricted stock. The Company will discuss the treatment of its NOL further on its earnings call.

Conference Call

WisdomTree will discuss its results and operational highlights during a conference call on Friday, January 31, 2014 at 9:00 a.m. ET. The call-in number will be [phone]. Anyone outside the U.S. or Canada should call [phone]. The slides used during the presentation will be available at http://ir.wisdomtree.com. For those unable to join the conference call at the scheduled time, an audio replay will be available on http://ir.wisdomtree.com.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains forward-looking statements that are based on our management's beliefs and assumptions and on information currently available to our management. Although we believe that the expectations reflected in these forward-looking statements are reasonable, these statements relate to future events or our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expects," "intends," "plans," "anticipates," "believes," "estimates," "predicts," "potential," "continue" or the negative of these terms or other comparable terminology. These statements are only predictions. You should not place undue reliance on forward-looking statements because they involve known and unknown risks, uncertainties and other factors, which are, in some cases, beyond our control and which could materially affect results. Factors that may cause actual results to differ materially from current expectations include, among other things, the risks described below. If one or more of these or other risks or uncertainties occur, or if our underlying assumptions prove to be incorrect, actual events or results may vary significantly from those implied or projected by the forward-looking statements. No forward-looking statement is a guarantee of future performance. You should read this press release completely and with the understanding that our actual future results may be materially different from any future results expressed or implied by these forward-looking statements.

In particular, forward-looking statements in this press release may include statements about:

anticipated trends, conditions and investor sentiment in the global markets;
anticipated levels of inflows into and outflows out of our exchange-traded funds;
our ability to deliver favorable rates of return to investors;
our ability to develop new products and services;
our ability to maintain current vendors or find new vendors to provide services to us at favorable costs;
competition in our business; and
the effect of laws and regulations that apply to our business.
Our business is subject to many risks and uncertainties, including without limitation:

We have only a limited operating history and, as a result, recent historical growth may not provide an accurate representation of the growth we may experience in the future, which may make it difficult to evaluate our future prospects.
Challenging market conditions associated with declining prices of securities can adversely affect our business by reducing the market value of the assets we manage or causing WisdomTree ETF shareholders to sell their fund shares and trigger redemptions.
Fluctuations in the amount and mix of our AUM may negatively impact revenue and operating margin.
Most of our assets under management are held in ETFs that invest in foreign securities and we therefore have substantial exposure to foreign market conditions and are subject to currency exchange rate risks.
We derive a substantial portion of our revenue from products invested in emerging markets and are exposed to the market-specific political and economic risks as well as general investor sentiment regarding future growth of those markets.
We derive a substantial amount of our revenue from products invested in securities of Japanese companies and are exposed to the market-specific political and economic risks as well as general investor sentiment regarding future growth of those markets and currency fluctuations between the Japanese Yen and the U.S. Dollar.
We derive a majority of our revenue from a limited number of products--in particular one fund, WisdomTree Japan Hedged Equity Fund, that accounted for more than one third of our ETF AUM--and, as a result, our operating results are particularly exposed to the performance of those funds, investor sentiment toward the strategies pursued by those funds and our ability to maintain the assets under management of those funds.
The WisdomTree ETFs have a limited track record, and poor investment performance could cause our revenue to decline.
We depend on other third parties to provide many critical services to operate our business and the WisdomTree ETFs. The failure of key vendors to adequately provide such services could materially affect our operating business and harm WisdomTree ETF shareholders.
Other factors, such as general economic conditions, including currency exchange rate fluctuations, also may have an effect on the results of our operations. For a more complete description of the risks noted above and other risks that could cause our actual results to differ from our current expectations, please see the section entitled "Risk Factors" in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2012 and Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2013.

The forward-looking statements in this press release represent our views as of the date of this press release. We anticipate that subsequent events and developments may cause our views to change. However, while we may elect to update these forward-looking statements at some point in the future, we have no current intention of doing so except to the extent required by applicable law. Therefore, these forward-looking statements do not represent our views as of any date other than the date of this press release.

About WisdomTree

WisdomTree Investments, Inc. is a New York-based exchange-traded fund ("ETF") sponsor and asset manager. WisdomTree currently offers 61 ETFs across Equities, Fixed Income, Currency Income and Alternatives asset classes. WisdomTree also licenses its indexes to third parties for proprietary products and promotes the use of WisdomTree ETFs in 401(k) plans. WisdomTree currently has approximately $33.7 billion in ETF assets under management. For more information, please visit www.wisdomtree.com.

WisdomTree(R) is the marketing name for WisdomTree Investments, Inc. and its wholly owned subsidiary WisdomTree Asset Management, Inc. WisdomTree Asset Management, Inc. is a registered investment advisor and is the investment advisor to the WisdomTree Trust and the WisdomTree ETFs. The WisdomTree Trust is a registered open-end investment company. Each WisdomTree ETF is a series of the WisdomTree Trust.

WISDOMTREE INVESTMENTS, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share amounts)
(Unaudited)










Three Months Ended % Change From Year Ended

Dec. 31, Sept. 30, Dec. 31, Sept. 30, Dec. 31, Dec. 31, Dec. 31, %

2013 2013 2012 2013 2012 2013 2012 Change







(Audited)
Revenues







ETF advisory fees $ 42,903 $ 39,437 $ 23,379 8.8% 83.5% $ 148,594 $ 84,024 76.8%
Other income 263 193 195 36.3% 34.9% 874 774 12.9%









Total revenues 43,166 39,630 23,574 8.9% 83.1% 149,468 84,798 76.3%









Expenses







Compensation and benefits 9,633 9,648 6,165 -0.2% 56.3% 36,210 23,233 55.9%
Fund management and administration 8,953 8,794 6,343 1.8% 41.1% 35,076 23,020 52.4%
Marketing and advertising 2,145 2,031 1,627 5.6% 31.8% 8,309 5,363 54.9%
Sales and business development 1,848 1,305 1,053 41.6% 75.5% 6,474 3,586 80.5%
Professional and consulting fees 936 542 788 72.7% 18.8% 2,748 4,603 -40.3%
Occupancy, communication and equipment 1,093 723 369 51.2% 196.2% 2,784 1,419 96.2%
Depreciation and amortization 190 84 82 126.2% 131.7% 439 307 43.0%
Third party sharing arrangements 455 374 1,300 21.7% -65.0% 1,368 5,468 -75.0%
Other 1,437 1,164 765 23.5% 87.8% 4,523 2,976 52.0%
ETF shareholder proxy -- -- -- -- -- -- 3,264 --
Patant litigation, net -- -- (524) -- -- -- 176 --
Offering costs -- -- 353 -- -- -- 353 --
Total expenses 26,690 24,665 18,321 8.2% 45.7% 97,931 73,768 32.8%









Income before provision for income taxes 16,476 14,965 5,253 10.1% 213.6% 51,537 11,030 367.2%









Provision for income taxes -- -- -- -- -- -- -- --








Net income $ 16,476 $ 14,965 $ 5,253 10.1% 213.6% $ 51,537 $ 11,030 367.2%









Net income per share - basic $ 0.13 $ 0.12 $ 0.04

$ 0.41 $ 0.09









Net income per share - diluted $ 0.12 $ 0.11 $ 0.04

$ 0.37 $ 0.08









Weighted average common shares - basic 128,851 126,509 124,202

126,651 122,138









Weighted average common shares - diluted 140,065 140,097 138,417

139,797 137,968

WISDOMTREE INVESTMENTS, INC.
NON-GAAP CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands)
(Unaudited)







Three Months Ended Year Ended

Dec. 31, Sept. 30, Dec. 31, Dec. 31, Dec. 31,

2013 2013 2012 2013 2012






Revenues




ETF advisory fees $ 42,903 $ 39,437 $ 23,379 $ 148,594 $ 84,024
Other income 263 193 195 874 774






Total revenues 43,166 39,630 23,574 149,468 84,798






Operating expenses




Compensation and benefits 9,633 9,648 6,165 36,210 23,233
Fund management and administration 8,953 8,794 6,343 35,076 23,020
Marketing and advertising 2,145 2,031 1,627 8,309 5,363
Sales and business development 1,848 1,305 1,053 6,474 3,586
Professional and consulting fees 936 542 788 2,748 4,603
Occupancy, communication and equipment 1,093 723 369 2,784 1,419
Depreciation and amortization 190 84 82 439 307
Third party sharing arrangements 455 374 1,300 1,368 5,468
Other 1,437 1,164 765 4,523 2,976
Total proforma operating expenses 26,690 24,665 18,492 97,931 69,975












Proforma operating income 16,476 14,965 5,082 51,537 14,823






ETF shareholder proxy -- -- -- -- 3,264
Patant litigation, net -- -- (524) -- 176
Offering costs -- -- 353 -- 353
Income before provision for income taxes 16,476 14,965 5,253 51,537 11,030






Provision for income taxes -- -- -- -- --






Net income $ 16,476 $ 14,965 $ 5,253 $ 51,537 $ 11,030

WISDOMTREE INVESTMENTS, INC.
CONSOLIDATED BALANCE SHEET
(in thousands, except per share amount)




December 31, December 31,

2013 2012

(Unaudited)



ASSETS

Current assets:

Cash and cash equivalents $ 104,316 $ 41,246
Accounts receivable 18,100 9,348
Other current assets 1,320 1,273



Total current assets 123,736 51,867



Fixed assets, net 6,252 480
Investments 11,748 11,036
Other noncurrent assets 55 42



Total assets $ 141,791 $ 63,425

LIABILITIES AND STOCKHOLDERS' EQUITY

LIABILITIES

Current liabilities:

Fund management and administration payable $ 10,394 $ 6,924
Compensation and benefits payable 14,278 2,156
Accounts payable and other liabilities 4,384 3,272



Total current liabilities 29,056 12,352



Other noncurrent liabilities 3,706 13



Total liabilities 32,762 12,365



STOCKHOLDERS' EQUITY

Common stock, par value $0.01; 250,000 shares authorized:

issued: 132,247 and 126,554 1,322 1,265
outstanding: 130,350 and 125,272

Additional paid-in capital 184,201 177,826
Accumulated deficit (76,494) (128,031)



Total stockholders' equity 109,029 51,060



Total liabilities and stockholders' equity $ 141,791 $ 63,425

WISDOMTREE INVESTMENTS, INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)




Twelve Months Ended

December 31, December 31,

2013 2012

(Unaudited)
Cash flows from operating activities

Net income $ 51,537 $ 11,030
Non-cash items included in net income:

Depreciation and amortization 439 307
Stock-based compensation 6,459 7,437
Deferred rent 706 (140)
Accretion to interest income and other 116 194
Changes in operating assets and liabilities:

Accounts receivable (5,529) (3,723)
Other assets (70) 337
Fund management and administration payable 3,470 (3,111)
Compensation and benefits payable 12,122 (2,012)
Accounts payable and other liabilities 875 915



Net cash provided by operating activities 70,125 11,234



Cash flows from investing activities

Purchase of fixed assets (6,211) (190)
Purchase of investments (3,597) (10,004)
Proceeds from the redemption of investments 2,781 7,836



Net cash used in investing activities (7,027) (2,358)



Cash flows from financing activities

Net proceeds from sale of common stock -- 4,329
Shares repurchased (1,614) (2,261)
Proceeds from exercise of stock options 1,586 4,672



Net cash (used in)/provided by financing activities (28) 6,740



Net increase in cash and cash equivalents 63,070 15,616



Cash and cash equivalents - beginning of period 41,246 25,630



Cash and cash equivalents - end of period $ 104,316 $ 41,246



Supplemental disclosure of cash flow information




Cash paid for income taxes $ 38 $ 33



Non-cash investing and financing activities:

Cashless exercise of stock options $ 267 $ --






WisdomTree Investments, Inc.




Key Operating Statistics (Unaudited)











Three Months Ended For the Year Ended

December 31, September 30, December 31, December 31, December 31,

2013 2013 2012 2013 2012
Total ETFs (in millions)




Beginning of period assets 31,352 28,975 16,783 18,286 12,182
Inflows/(outflows) 2,308 1,160 1,059 14,323 4,732
Market appreciation/(depreciation) 1,224 1,217 444 2,275 1,372
End of period assets 34,884 31,352 18,286 34,884 18,286






Average assets during the period 33,091 30,473 17,068 28,472 15,554






ETF Industry and Market Share (in billions)




ETF industry net inflows 58.6 53.7 55.4 179.9 185.4
WisdomTree market share of industry inflows 3.9% 2.2% 1.9% 8.0% 2.6%






International Hedged Equity ETFs (in millions)




Beginning of period assets 11,481 10,270 569 1,258 418
Inflows/(outflows) 1,243 752 588 10,441 757
Market appreciation/(depreciation) 624 459 101 1,649 83
End of period assets 13,348 11,481 1,258 13,348 1,258






Average assets during the period 11,848 11,175 662 8,770 600






Emerging Markets Equity ETFs (in millions)




Beginning of period assets 7,703 7,172 6,542 7,332 3,613
Inflows/(outflows) (246) 286 515 865 3,111
Market appreciation/(depreciation) (9) 245 275 (749) 608
End of period assets 7,448 7,703 7,332 7,448 7,332






Average assets during the period 7,891 7,289 6,767 7,762 5,715






US Equity ETFs (in millions)




Beginning of period assets 6,271 5,777 4,640 4,371 3,429
Inflows/(outflows) 367 273 (205) 1,477 610
Market appreciation/(depreciation) 543 221 (64) 1,333 332
End of period assets 7,181 6,271 4,371 7,181 4,371






Average assets during the period 6,771 6,214 4,522 5,819 4,252






International Developed Equity ETFs (in millions)




Beginning of period assets 3,150 2,633 2,327 2,474 1,989
Inflows/(outflows) 565 205 32 967 243
Market appreciation/(depreciation) 149 312 115 423 242
End of period assets 3,864 3,150 2,474 3,864 2,474






Average assets during the period 3,490 2,888 2,360 2,959 2,254






Fixed Income ETFs (in millions)




Beginning of period assets 2,095 2,437 1,904 2,118 1,506
Inflows/(outflows) (144) (320) 190 121 491
Market appreciation/(depreciation) (45) (22) 24 (333) 121
End of period assets 1,906 2,095 2,118 1,906 2,118






Average assets during the period 2,008 2,246 1,990 2,352 1,770






Currency ETFs (in millions)




Beginning of period assets 502 547 654 611 950
Inflows/(outflows) 515 (48) (37) 418 (351)
Market appreciation/(depreciation) (38) 3 (6) (50) 12
End of period assets 979 502 611 979 611






Average assets during the period 933 515 632 673 772






Alternative Strategy ETFs (in millions)




Beginning of period assets 150 139 147 122 277
Inflows/(outflows) 8 12 (24) 34 (129)
Market appreciation/(depreciation) -- (1) (1) 2 (26)
End of period assets 158 150 122 158 122






Average assets during the period 150 146 135 137 191






Average ETF assets during the period




International hedged equity ETFs 36% 37% 4% 31% 4%
Emerging markets equity ETFs 24% 24% 39% 27% 37%
US equity ETFs 20% 20% 26% 20% 27%
International developed equity ETFs 11% 9% 14% 11% 15%
Fixed income ETFs 6% 7% 12% 8% 11%
Currency ETFs 3% 2% 4% 2% 5%
Alternative strategy ETFs 0% 1% 1% 1% 1%
Total 100% 100% 100% 100% 100%






Average ETF advisory fee during the period




Alternative strategy ETFs 0.94% 0.94% 0.94% 0.94% 0.95%
Emerging markets equity ETFs 0.66% 0.66% 0.67% 0.66% 0.67%
International developed equity ETFs 0.56% 0.56% 0.56% 0.56% 0.56%
Fixed income ETFs 0.55% 0.55% 0.55% 0.55% 0.55%
International hedged equity ETFs 0.49% 0.49% 0.49% 0.49% 0.49%
Currency ETFs 0.48% 0.50% 0.50% 0.49% 0.50%
US equity ETFs 0.35% 0.35% 0.35% 0.35% 0.35%
Blended total 0.51% 0.51% 0.54% 0.52% 0.54%






Number of ETFs - end of the period




International developed equity ETFs 16 16 16 16 16
US equity ETFs 13 13 11 13 11
Fixed income ETFs 11 6 5 11 5
Emerging markets equity ETFs 7 7 5 7 5
International hedged equity ETFs 6 4 2 6 2
Currency ETFs 6 5 5 6 5
Alternative strategy ETFs 2 2 2 2 2
Total 61 53 46 61 46






Headcount 87 84 70 87 70






Note: Previously issued statistics may be restated due to trade adjustments
Source: Investment Company Institute, Bloomberg, WisdomTree
Non-GAAP Financial Measurements

In an effort to provide additional information regarding our results as determined by GAAP, we also disclose certain non-GAAP information which we believe provides useful and meaningful information. The non-GAAP financial measurements included in this release include proforma operating income, proforma operating expenses, proforma pre-tax operating margin, gross margin and gross margin percentage. Our management reviews these non-GAAP financial measurements when evaluating our financial performance and results of operations; therefore, we believe it is useful to provide information with respect to these non-GAAP measurements so as to share this perspective of management. Non-GAAP measurements do not have any standardized meaning, do not replace nor are superior to GAAP financial measurements and are unlikely to be comparable to similar measures presented by other companies. These non-GAAP financial measurements should be considered in the context with our GAAP results. We have disclosed our results excluding certain non-operating items including (1) our patent litigation with Research Affiliates LLC; (2) expenses for the WisdomTree ETF shareholder proxy solicitation; and (3) advisory and other related fees associated with the secondary offering of our common stock in November 2012. Management excludes these items when measuring our financial performance as they are not directly related to our core business of being an ETF sponsor and asset manager. We disclose gross margin as a non-GAAP financial measurement to allow investors to analyze our revenues less the direct costs paid to third parties attributable to those revenues.

WISDOMTREE INVESTMENTS, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
GAAP to NON-GAAP RECONCILIATION
(in thousands)
(Unaudited)







Three Months Ended For the Year Ended

Dec. 31, Sept. 30, Dec. 31, Dec. 31, Dec. 31,

2013 2013 2012 2013 2012
GAAP total expenses $ 26,690 $ 24,665 $ 18,321 $ 97,931 $ 73,768






ETF shareholder proxy -- -- -- -- (3,264)
Patent litigation, net -- -- 524 -- (176)
Offering costs -- -- (353) -- (353)






Proforma operating expenses $ 26,690 $ 24,665 $ 18,492 $ 97,931 $ 69,975












GAAP net income $ 16,476 $ 14,965 $ 5,253 $ 51,537 $ 11,030






ETF shareholder proxy -- -- -- -- 3,264
Patent litigation, net -- -- (524) -- 176
Offering costs -- -- 353 -- 353






Proforma operating income $ 16,476 $ 14,965 $ 5,082 $ 51,537 $ 14,823












GAAP net income $ 16,476 $ 14,965 $ 5,253 $ 51,537 $ 11,030
Divide GAAP total revenue 43,166 39,630 23,574 149,468 84,798






GAAP pre-tax margin 38.2% 37.8% 22.3% 34.5% 13.0%












Proforma operating income $ 16,476 $ 14,965 $ 5,082 $ 51,537 $ 14,823
Divide GAAP total revenue 43,166 39,630 23,574 149,468 84,798






Proforma operating margin 38.2% 37.8% 21.6% 34.5% 17.5%












GAAP total revenue $ 43,166 $ 39,630 $ 23,574 $ 149,468 $ 84,798
Fund management and administration (8,953) (8,794) (6,343) (35,076) (23,020)
Third party sharing arrangements (455) (374) (1,300) (1,368) (5,468)






Gross margin $ 33,758 $ 30,462 $ 15,931 $ 113,024 $ 56,310






Gross margin percentage 78.2% 76.9% 67.6% 75.6% 66.4%

Contact:
WisdomTree Investments, Inc.
Stuart Bell / Jessica Zaloom
+1.917.267.3702 / +1.917.267.3735
[e-mail] / [e-mail]

[Drmicrocap]

WisdomTree Schedules Earnings Conference Call for Q4 on January 31, 2014 at 9:00 a.m. ET
GlobeNewswire WisdomTree Investments, Inc.
January 21, 2014 9:00 AM
NEW YORK, Jan. 21, 2014 (GLOBE NEWSWIRE) -- WisdomTree Investments, Inc. (WETF), an exchange-traded fund ("ETF") sponsor and asset manager, announced today that it plans to release its fourth quarter results on January 31, 2014 at 7:00 a.m. ET. A conference call to discuss the firm's results will be held at 9:00 a.m. ET.

Teleconference and Webcast Details

The call and accompanying presentation will be accessible as a webcast on the Investor Relations section of WisdomTree's web site at http://ir.wisdomtree.com/. A replay will be available on the web site shortly after the call.

Those wishing to listen to the live conference via telephone should dial-in at least 10 minutes before the call begins at the following telephone numbers:

Live Dial-in Information:

United States: [phone]

International: [phone]

About WisdomTree

WisdomTree Investments, Inc. is a New York-based exchange-traded fund ("ETF") sponsor and asset manager. WisdomTree currently offers 61 ETFs across Equities, Fixed Income, Currency Income and Alternatives asset classes. WisdomTree also licenses its indexes to third parties for proprietary products and promotes the use of WisdomTree ETFs in 401(k) plans. WisdomTree currently has approximately $35.0 billion in ETF assets under management. For more information, please visit www.wisdomtree.com.

WisdomTree(R) is the marketing name for WisdomTree Investments, Inc. and its wholly owned subsidiary WisdomTree Asset Management, Inc. WisdomTree Asset Management, Inc. is a registered investment advisor and is the investment advisor to the WisdomTree Trust and the WisdomTree ETFs. The WisdomTree Trust is a registered open-end investment company. Each WisdomTree ETF is a series of the WisdomTree Trust.


Contact:
WisdomTree Investments, Inc.
Stuart Bell / Jessica Zaloom
+1.917.267.3702 / +1.917.267.3735
[e-mail] / [e-mail]

[Drmicrocap]

WisdomTree Announces Third Quarter 2013 Results
GlobeNewswirePress Release: WisdomTree Investments, Inc. – Fri, Oct 25, 2013 7:00 AM EDT..

Record net income $15.0 million up 230% from year ago quarter; Diluted EPS $0.11

Record revenues, up 83% from year ago quarter

$1.2 billion net inflows in quarter; Net inflow market share 2.1% in third quarter, 9.8% YTD

NEW YORK, Oct. 25, 2013 (GLOBE NEWSWIRE) -- WisdomTree Investments, Inc. (WETF), an exchange-traded fund ("ETF") sponsor and asset manager, today reported net income of $15.0 million for the third quarter of 2013, or $0.11 per share on a fully diluted basis. This compares to $4.5 million in the third quarter of 2012 and $12.2 million in the second quarter of 2013.

WisdomTree CEO and President Jonathan Steinberg commented, "WisdomTree continues to drive top line growth with $1.2 billion in net inflows in the quarter, comprised by balanced inflows across domestic, international and emerging market equity ETFs; as well as continued strength in our franchise-leading yen hedged Japan fund. We are effectively capitalizing on the greater awareness of our currency hedged equity family which is translating into significant asset growth in sister products. Importantly, we continue to position the company for future growth and have launched eight new ETFs so far this year."

Mr. Steinberg added, "As we continue to grow and reach economies of scale, we are demonstrating the powerful operating leverage in our business. WisdomTree's pre-tax margins reached 38% on a base of $30.5 billion in average assets under management."

Assets Under Management, Net Inflows and Market Share

ETF assets under management ("AUM") were $31.4 billion at September 30, 2013, up 86.8% from $16.8 billion at September 30, 2012, and up 8.2% from $29.0 billion at June 30, 2013. Net inflows for the third quarter of 2013 were $1.2 billion as compared to $1.0 billion in the third quarter of 2012 and $5.0 billion in the second quarter of 2013. WisdomTree's market share of industry net inflows was 2.1% in the third quarter of 2013 as compared to 2.0% in the third quarter of 2012 and 32.2% in the second quarter of 2013. For the first nine months of 2013, WisdomTree's market share was 9.8% as compared to 2.8% in the same period last year.

Summary Operating and Financial Highlights


Three Months Ended Change From
Operating Highlights ($, in billions): Sep. 30,
2013 Jun. 30,
2013 Sep. 30,
2012 Jun. 30,
2013 Sep. 30,
2012
ETF AUM $31.4 $29.0 $16.8 8.2% 86.8%
ETF net inflows $1.2 $5.0 $1.0 (76.6%) 12.0%
Average ETF AUM $30.5 $28.4 $15.8 7.3% 93.2%
Average ETF advisory fee 0.51% 0.52% 0.54% (.01) (0.3)
Market share of industry inflows 2.1% 32.2% 2.0% (30.1) +0.1







Financial Highlights ($, in millions, except per share amounts):




Total revenues $39.6 $37.3 $21.7 6.2% 83.0%
Net income $15.0 $12.2 $4.5 22.2% 230.1%
Diluted earnings per share $0.11 $0.09 $0.03 22.2% 266.7%
Proforma operating income (non-GAAP) $15.0 $12.2 $4.8 22.2% 214.9%
Gross margin1 (non-GAAP) 77% 74% 68% +3 +9
Pre-tax margin 38% 33% 21% +5 +17
Proforma pre-tax margin (non-GAAP) 38% 33% 22% +5 +16






















Nine Months Ended



Operating Highlights ($, in billions): Sep. 30,
2013 Sep. 30,
2012
Change


ETF AUM $31.4 $16.8 86.8%


ETF net inflows $12.0 $3.7 227.1%


Average ETF AUM $26.9 $15.1 78.9%


Average ETF advisory fee 0.52% 0.54% (0.02)


Market share of industry inflows 9.8% 2.8% +7.0









Financial Highlights ($, in millions, except per share amounts):




Total revenues $106.3 $61.2 73.6%


Net income $35.1 $5.8 na


Diluted earnings per share $0.25 $0.04 na


Proforma operating income (non-GAAP) $35.1 $9.7 259.9%


Gross margin1 (non-GAAP) 75% 66% +9


Pre-tax margin 33% 9% +24


Proforma pre-tax margin (non-GAAP) 33% 16% +17









1 Gross margin is defined as total revenues less fund management and administration expenses and third-party sharing arrangements.

Recent Business Developments
• On July 25, 2013, WisdomTree announced the launch of the WisdomTree U.S. SmallCap Dividend Growth Fund (DGRS)
• On August 1, 2013, WisdomTree announced the launch of the WisdomTree Emerging Markets Dividend Growth Fund (DGRE)
• On September 12, 2013, WisdomTree announced the WisdomTree Japan Hedged SmallCap Equity Fund (DXJS) filed a notification with the Financial Services Agency of Japan and is now available for sale in Japan through Japanese securities companies
• On September 27, 2013, WisdomTree announced the launch of the WisdomTree Emerging Markets Consumer Growth Fund (EMCG)
• In September 2013, WisdomTree entered agreements to change fund administration and custody services from Bank of New York Mellon to State Street Bank and Trust Company, effective April 1, 2014
• On October 17, 2013, WisdomTree announced the launch of the WisdomTree Germany Hedged Equity Fund (DXGE)

Performance

In evaluating the performance of our equity approach, 41% of the $28.6 billion invested in our equity ETFs and 53% (21 of 40) of our equity ETFs outperformed their capitalization-weighted or competitive benchmarks since their respective inceptions as of September 30, 2013.

In evaluating the performance of our Equity, Fixed Income and Alternatives ETFs against actively managed and indexed based mutual funds and ETFs, 85% of the $30.8 billion invested in our ETFs and 55% (26 of 47) of our ETFs outperformed their comparable Morningstar average since inception as of September 30, 2013.

For more information about WisdomTree ETFs including standardized performance, please click here or visit www.wisdomtree.com.

Third Quarter Financial Discussion

Revenues

Total revenues increased 83.0% to a record $39.6 million as compared to the third quarter of 2012 and 6.2% compared to the second quarter of 2013 primarily due to higher average AUM as a result of positive net inflows into our ETFs and market appreciation. Our average advisory fee earned was 0.51% as compared to 0.54% for the third quarter of 2012 and 0.52% in the second quarter of 2013 due to the majority of our inflows going to our Japan hedged equity ETF (DXJ), which has an expense ratio of 0.48%.

Margins

Our gross margin, which is our total revenues less fund management and administration expenses and third party sharing arrangements, was 77% in the third quarter of 2013 as compared to 68% in the third quarter of 2012 and 74% in the second quarter of 2013.

Our pre-tax margin was 38% in the third quarter of 2013 as compared to 21% (or 22% proforma) in the third quarter of 2012 and 33% in the second quarter of 2013 reflecting the operating scale in our business model.

Expenses

Total expenses increased 44.0% to $24.7 million from $17.1 million in the third quarter of 2012. Included in the prior year quarter was $0.2 million of net costs related to patent litigation. Excluding this cost, total expenses increased 45.9% compared to the third quarter of 2012. Total expenses decreased 1.7% from $25.1 million in the second quarter of 2013.
• Compensation and benefits expense increased 68.3% to $9.6 million compared to the third quarter of 2012. This increase was primarily due to higher accrued incentive compensation due to our record level of net inflows on a year-to-date basis in 2013; higher headcount related expenses to support our growth; and higher stock based compensation expense due to equity awards granted to our employees as part of 2012 year-end compensation.

Compensation and benefits expense increased 2.1% compared to the second quarter of 2013 primarily due to payroll taxes as a result of option exercises as well as increased headcount. Partly offsetting these increases, was lower accrued incentive compensation due to our lower level of net inflows in the third quarter as compared to the second quarter of 2013.

Our headcount at the end of the third quarter of 2013 was 84 compared to 70 at the end of the third quarter of 2012 and 79 at the end of the second quarter of 2013.

• Fund management and administration expenses increased 55.1% to $8.8 million compared to the third quarter of 2012. At the end of 2012, we ended our joint venture with BNY Mellon. As a result, we began to record certain operating costs related to our currency and fixed income ETFs, which were previously recognized by BNY Mellon as part of the joint venture. This resulted in approximately $0.5 million in higher costs this quarter, while eliminating the expense of the third-party sharing arrangement. Higher average AUM resulted in a $2.3 million increase in variable fees charged by our third party service providers associated with AUM.

Fund management and administration expenses decreased 3.4% compared to the second quarter of 2013 primarily due to variable regulatory fees associated with net inflow levels. We also incurred higher expenses in the second quarter due to the annual rebalancing of our international equity ETFs.

• Marketing and advertising expenses increased $1.2 million to $2.0 million compared to the third quarter of 2012 primarily due to higher levels of advertising related activities to support our growth. This expense decreased 7.5% compared to the second quarter of 2013 due to lower levels of advertising related activities.

• Sales and business development expenses increased 57.0% to $1.3 million compared to the second quarter of 2012 primarily due to new product development related activities as well as higher levels of spending for sales related initiatives.

Sales and business development expenses decreased 14.1% compared to the second quarter of 2013 primarily due to lower level of sales related spending.

• Professional and consulting fees decreased 58.5% to $0.5 million compared to the third quarter of 2012 primarily due to lower variable stock based compensation, which ended as of the end of 2012. Professional and consulting fees decreased 17.5% compared to the second quarter of 2013 due to lower level of spending for business consultants.

• Occupancy, communication and equipment expense increased 93.3% to $0.7 million compared to the third quarter of 2012 and increased 22.3% compared to the second quarter of 2013. This increase was primarily due to costs for new office space which we will occupy in January 2014 as well as expense related to commercial rent tax.

• Third-party sharing arrangements expense decreased 68.7% to $0.4 million compared to the third quarter of 2012 due to the end of our joint venture with BNY Mellon discussed above.

Third-party sharing arrangements expense decreased 12.6% compared to the second quarter of 2013 due to lower inflow levels by our marketing agent in Latin America.

• Other expenses increased 35.5% to $1.2 million compared to the third quarter of 2012 and increased 9.7% compared to the second quarter of 2013 primarily due to higher general and administrative expenses.

Balance Sheet

As of September 30, 2013, WisdomTree had total assets of $118.3 million which consisted primarily of cash and cash equivalents of $87.1 million and investments of $11.6 million. There were approximately 129.4 million shares of common stock issued as of September 30, 2013. Fully diluted weighted average shares outstanding was approximately 140.0 million.

Conference Call

WisdomTree will discuss its results and operational highlights during a conference call on Friday, October 25, 2013 at 9:00 a.m. ET. The call-in number will be [phone]. Anyone outside the U.S. or Canada should call [phone]. The slides used during the presentation will be available at http://ir.wisdomtree.com. For those unable to join the conference call at the scheduled time, an audio replay will be available on http://ir.wisdomtree.com.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains forward-looking statements that are based on our management's beliefs and assumptions and on information currently available to our management. Although we believe that the expectations reflected in these forward-looking statements are reasonable, these statements relate to future events or our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expects," "intends," "plans," "anticipates," "believes," "estimates," "predicts," "potential," "continue" or the negative of these terms or other comparable terminology. These statements are only predictions. You should not place undue reliance on forward-looking statements because they involve known and unknown risks, uncertainties and other factors, which are, in some cases, beyond our control and which could materially affect results. Factors that may cause actual results to differ materially from current expectations include, among other things, the risks described below. If one or more of these or other risks or uncertainties occur, or if our underlying assumptions prove to be incorrect, actual events or results may vary significantly from those implied or projected by the forward-looking statements. No forward-looking statement is a guarantee of future performance. You should read this press release completely and with the understanding that our actual future results may be materially different from any future results expressed or implied by these forward-looking statements.

In particular, forward-looking statements in this press release may include statements about:
• anticipated trends, conditions and investor sentiment in the global markets;

• anticipated levels of inflows into and outflows out of our exchange traded funds;

• our ability to deliver favorable rates of return to investors;

• our ability to develop new products and services;

• our ability to maintain current vendors or find new vendors to provide services to us at favorable costs;

• competition in our business; and

• the effect of laws and regulations that apply to our business.

Our business is subject to many risks and uncertainties, including without limitation:
• We have only a limited operating history and, as a result, recent historical growth may not provide an accurate representation of the growth we may experience in the future, which may make it difficult to evaluate our future prospects.

• Challenging market conditions associated with declining prices of securities can adversely affect our business by reducing the market value of the assets we manage or causing WisdomTree ETF shareholders to sell their fund shares and trigger redemptions.

• Fluctuations in the amount and mix of our AUM may negatively impact revenue and operating margin.

• Most of our assets under management are held in ETFs that invest in foreign securities and we therefore have substantial exposure to foreign market conditions and are subject to currency exchange rate risks.

• We derive a substantial portion of our revenue from products invested in emerging markets and are exposed to the market-specific political and economic risks as well as general investor sentiment regarding future growth of those markets.

• We derive a substantial amount of our revenue from products invested in securities of Japanese companies and are exposed to the market-specific political and economic risks as well as general investor sentiment regarding future growth of those markets and currency fluctuations between the Japanese Yen and the U.S. Dollar.

• We derive a majority of our revenue from a limited number of products--in particular one fund, WisdomTree Japan Hedged Equity Fund, that accounted for more than one third of our ETF AUM at September 30, 2013--and, as a result, our operating results are particularly exposed to the performance of those funds, investor sentiment toward the strategies pursued by those funds and our ability to maintain the assets under management of those funds.

• The WisdomTree ETFs have a limited track record, and poor investment performance could cause our revenue to decline.

• We depend on other third parties to provide many critical services to operate our business and the WisdomTree ETFs. The failure of key vendors to adequately provide such services could materially affect our operating business and harm WisdomTree ETF shareholders.

Other factors, such as general economic conditions, including currency exchange rate fluctuations, also may have an effect on the results of our operations. For a more complete description of the risks noted above and other risks that could cause our actual results to differ from our current expectations, please see the section entitled "Risk Factors" in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2012 and Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2013.

The forward-looking statements in this press release represent our views as of the date of this press release. We anticipate that subsequent events and developments may cause our views to change. However, while we may elect to update these forward-looking statements at some point in the future, we have no current intention of doing so except to the extent required by applicable law. Therefore, these forward-looking statements do not represent our views as of any date other than the date of this press release.

About WisdomTree

WisdomTree Investments, Inc. is a New York-based exchange-traded fund ("ETF") sponsor and asset manager. WisdomTree currently offers 54 ETFs across Equities, Fixed Income, Currency Income and Alternatives asset classes. WisdomTree also licenses its indexes to third parties for proprietary products and promotes the use of WisdomTree ETFs in 401(k) plans. WisdomTree currently has approximately $32.8 billion in ETF assets under management. For more information, please visit www.wisdomtree.com.

WisdomTree(R) is the marketing name for WisdomTree Investments, Inc. and its wholly owned subsidiary WisdomTree Asset Management, Inc. WisdomTree Asset Management, Inc. is a registered investment advisor and is the investment advisor to the WisdomTree Trust and the WisdomTree ETFs. The WisdomTree Trust is a registered open-end investment company. Each WisdomTree ETF is a series of the WisdomTree Trust.





















WISDOMTREE INVESTMENTS, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share amounts)
(Unaudited)











Three Months Ended % Change From Nine Months Ended

Sept. 30,
2013 Jun. 30,
2013 Sept. 30,
2012 Jun. 30,
2013 Sept. 30,
2012 Sept. 30,
2013 Sept. 30,
2012 %
Change










Revenues








ETF advisory fees $ 39,437 $ 37,101 $ 21,440 6.3% 83.9% $ 105,691 $ 60,645 74.3%
Other income 193 230 221 -16.1% -12.7% 611 579 5.5%










Total revenues 39,630 37,331 21,661 6.2% 83.0% 106,302 61,224 73.6%










Expenses








Compensation and benefits 9,648 9,447 5,734 2.1% 68.3% 26,577 17,068 55.7%
Fund management and administration 8,794 9,106 5,671 -3.4% 55.1% 26,123 16,677 56.6%
Marketing and advertising 2,031 2,196 862 -7.5% 135.6% 6,164 3,736 65.0%
Sales and business development 1,305 1,520 831 -14.1% 57.0% 4,626 2,533 82.6%
Professional and consulting fees 542 657 1,305 -17.5% -58.5% 1,812 3,815 -52.5%
Occupancy, communication and equipment 723 591 374 22.3% 93.3% 1,691 1,050 61.0%
Depreciation and amortization 84 83 79 1.2% 6.3% 249 225 10.7%
Third party sharing arrangements 374 428 1,194 -12.6% -68.7% 913 4,168 -78.1%
Other 1,164 1,061 859 9.7% 35.5% 3,086 2,211 39.6%
ETF shareholder proxy -- -- -- n/a n/a -- 3,264 n/a
Patent litigation, net -- -- 219 n/a n/a -- 700 n/a
Total expenses 24,665 25,089 17,128 -1.7% 44.0% 71,241 55,447 28.5%










Income before provision for income taxes 14,965 12,242 4,533 22.2% n/a 35,061 5,777 n/a










Provision for income taxes -- -- --

-- --










Net income $ 14,965 $ 12,242 $ 4,533 22.2% n/a $ 35,061 $ 5,777 n/a




















Net income per share - basic $ 0.12 $ 0.10 $ 0.04

$ 0.28 $ 0.05











Net income per share - diluted $ 0.11 $ 0.09 $ 0.03

$ 0.25 $ 0.04











Weighted average common shares - basic 126,509 125,771 123,214

125,909 121,445











Weighted average common shares - diluted 140,097 140,081 138,458

139,805 137,878
















WISDOMTREE INVESTMENTS, INC.
NON-GAAP CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands)
(Unaudited)








Three Months Ended Nine Months Ended

Sept. 30,
2013 Jun. 30,
2013 Sept. 30,
2012 Sept. 30,
2013 Sept. 30,
2012







Revenues





ETF advisory fees $ 39,437 $ 37,101 $ 21,440 $ 105,691 $ 60,645
Other income 193 230 221 611 579







Total revenues 39,630 37,331 21,661 106,302 61,224







Operating expenses





Compensation and benefits 9,648 9,447 5,734 26,577 17,068
Fund management and administration 8,794 9,106 5,671 26,123 16,677
Marketing and advertising 2,031 2,196 862 6,164 3,736
Sales and business development 1,305 1,520 831 4,626 2,533
Professional and consulting fees 542 657 1,305 1,812 3,815
Occupancy, communication and equipment 723 591 374 1,691 1,050
Depreciation and amortization 84 83 79 249 225
Third party sharing arrangements 374 428 1,194 913 4,168
Other 1,164 1,061 859 3,086 2,211
Total proforma operating expenses 24,665 25,089 16,909 71,241 51,483














Proforma operating income 14,965 12,242 4,752 35,061 9,741







ETF shareholder proxy -- -- -- -- 3,264
Patent litigation, net -- -- 219 -- 700
Income before provision for income taxes 14,965 12,242 4,533 35,061 5,777







Provision for income taxes -- -- -- -- --







Net income $ 14,965 $ 12,242 $ 4,533 $ 35,061 $ 5,777









WISDOMTREE INVESTMENTS, INC.
CONSOLIDATED BALANCE SHEET
(in thousands, except per share amount)





September 30,
2013 December 31,
2012

(Unaudited)





ASSETS


Current assets:


Cash and cash equivalents $ 87,114 $ 41,246
Accounts receivable 16,254 9,348
Other current assets 1,975 1,273




Total current assets 105,343 51,867




Fixed assets, net 1,349 480
Investments 11,603 11,036
Other noncurrent assets 50 42




Total assets $ 118,345 $ 63,425




LIABILITIES AND STOCKHOLDERS' EQUITY


LIABILITIES


Current liabilities:


Fund management and administration payable $ 10,621 $ 6,924
Compensation and benefits payable 9,391 2,156
Accounts payable and other liabilities 4,026 3,272




Total current liabilities 24,038 12,352




Other noncurrent liabilities 3,063 13




Total liabilities 27,101 12,365








STOCKHOLDERS' EQUITY


Common stock, par value $0.01; 250,000 shares authorized:


issued: 129,410 and 126,554 1,294 1,265
outstanding: 127,461 and 125,272


Additional paid-in capital 182,920 177,826
Accumulated deficit (92,970) (128,031)




Total stockholders' equity 91,244 51,060




Total liabilities and stockholders' equity $ 118,345 $ 63,425









WISDOMTREE INVESTMENTS, INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
(Unaudited)





Nine Months Ended

September 30,
2013 September 30,
2012
Cash flows from operating activities


Net income $ 35,061 $ 5,777
Non-cash items included in net income:


Depreciation and amortization 249 225
Stock-based compensation 5,186 5,903
Deferred rent 111 (106)
Accretion to interest income and other 108 89
Changes in operating assets and liabilities:


Accounts receivable (3,683) (3,759)
Other assets (720) (185)
Fund management and administration payable 3,697 (736)
Compensation and benefits payable 7,235 (933)
Accounts payable and other liabilities 471 1,251




Net cash provided by operating activities 47,715 7,526




Cash flows from investing activities


Purchase of fixed assets (1,118) (182)
Purchase of investments (3,358) (6,098)
Proceeds from the redemption of investments 2,693 5,657




Net cash used in investing activities (1,783) (623)




Cash flows from financing activities


Net proceeds from sale of common stock -- 4,329
Shares repurchased (1,413) (1,169)
Proceeds from exercise of stock options 1,349 3,910




Net cash (used in)/provided by financing activities (64) 7,070




Net increase in cash and cash equivalents 45,868 13,973




Cash and cash equivalents - beginning of period 41,246 25,630




Cash and cash equivalents - end of period $ 87,114 $ 39,603




Supplemental disclosure of cash flow information


Cash paid for income taxes $ 33 $ 29















WisdomTree Investments, Inc.





Key Operating Statistics (Unaudited)













Three Months Ended Nine Months Ended

September 30,
2013 June 30,
2013 September 30,
2012 September 30,
2013 September 30,
2012
Total ETFs (in millions)





Beginning of period assets 28,975 25,103 15,004 18,286 12,182
Inflows/(outflows) 1,160 4,962 1,036 12,015 3,673
Market appreciation/(depreciation) 1,217 (1,090) 743 1,051 928
End of period assets 31,352 28,975 16,783 31,352 16,783







Average assets during the period 30,473 28,390 15,769 26,932 15,051







ETF Industry and Market Share (in billions)





ETF industry net inflows 55.4 15.4 51.8 123.0 130.0
WisdomTree market share of industry inflows 2.1% 32.2% 2.0% 9.8% 2.8%







International Developed Equity ETFs (in millions)





Beginning of period assets 12,903 8,525 2,846 3,732 2,407
Inflows/(outflows) 957 4,433 (58) 9,600 381
Market appreciation/(depreciation) 771 (55) 108 1,299 108
End of period assets 14,631 12,903 2,896 14,631 2,896







Average assets during the period 14,063 11,444 2,859 10,526 2,798







Emerging Markets Equity ETFs (in millions)





Beginning of period assets 7,172 8,071 5,430 7,332 3,613
Inflows/(outflows) 286 (51) 736 1,111 2,596
Market appreciation/(depreciation) 245 (848) 376 (740) 333
End of period assets 7,703 7,172 6,542 7,703 6,542







Average assets during the period 7,289 7,964 5,915 7,719 5,365







US Equity ETFs (in millions)





Beginning of period assets 5,777 5,161 4,094 4,371 3,429
Inflows/(outflows) 273 547 363 1,111 815
Market appreciation/(depreciation) 221 69 183 789 396
End of period assets 6,271 5,777 4,640 6,271 4,640







Average assets during the period 6,214 5,541 4,393 5,502 4,161







Fixed Income ETFs (in millions)





Beginning of period assets 2,437 2,600 1,698 2,118 1,506
Inflows/(outflows) (320) 78 148 266 301
Market appreciation/(depreciation) (22) (241) 58 (289) 97
End of period assets 2,095 2,437 1,904 2,095 1,904







Average assets during the period 2,246 2,700 1,749 2,466 1,697







Currency ETFs (in millions)





Beginning of period assets 547 626 769 611 950
Inflows/(outflows) (48) (62) (129) (98) (315)
Market appreciation/(depreciation) 3 (17) 14 (11) 19
End of period assets 502 547 654 502 654







Average assets during the period 515 607 694 586 819







Alternative Strategy ETFs (in millions)





Beginning of period assets 139 120 167 122 277
Inflows/(outflows) 12 17 (24) 25 (105)
Market appreciation/(depreciation) (1) 2 4 3 (25)
End of period assets 150 139 147 150 147







Average assets during the period 146 134 159 133 211







Average ETF assets during the period





International developed equity ETFs 46% 40% 18% 39% 19%
Emerging markets equity ETFs 24% 28% 38% 29% 36%
US equity ETFs 20% 20% 28% 20% 28%
Fixed income ETFs 7% 10% 11% 9% 11%
Currency ETFs 2% 2% 4% 2% 5%
Alternative strategy ETFs 1% 0% 1% 1% 1%
Total 100% 100% 100% 100% 100%







Average ETF advisory fee during the period





Alternative strategy ETFs 0.94% 0.94% 0.94% 0.94% 0.95%
Emerging markets equity ETFs 0.66% 0.66% 0.67% 0.66% 0.67%
Fixed income ETFs 0.55% 0.55% 0.55% 0.55% 0.55%
Currency ETFs 0.50% 0.51% 0.50% 0.50% 0.50%
International developed equity ETFs 0.50% 0.50% 0.54% 0.51% 0.54%
US equity ETFs 0.35% 0.35% 0.35% 0.35% 0.35%
Blended total 0.51% 0.52% 0.54% 0.52% 0.54%







Number of ETFs - end of the period





International developed equity ETFs 20 20 18 20 18
US equity ETFs 13 12 12 13 12
Emerging markets equity ETFs 7 5 5 7 5
Fixed income ETFs 6 6 5 6 5
Currency ETFs 5 5 7 5 7
Alternative strategy ETFs 2 2 2 2 2
Total 53 50 49 53 49







Headcount 84 79 70 84 70







Note: Previously issued statistics may be restated due to trade adjustments





Source: Investment Company Institute, Bloomberg, WisdomTree






Non-GAAP Financial Measurements

In an effort to provide additional information regarding our results as determined by GAAP, we also disclose certain non-GAAP information which we believe provides useful and meaningful information. The non-GAAP financial measurements included in this release include proforma operating income, proforma expenses, proforma pre-tax operating margin and gross margin. Our management reviews these non-GAAP financial measurements when evaluating our financial performance and results of operations; therefore, we believe it is useful to provide information with respect to these non-GAAP measurements so as to share this perspective of management. Non-GAAP measurements do not have any standardized meaning, do not replace nor are superior to GAAP financial measurements and are unlikely to be comparable to similar measures presented by other companies. These non-GAAP financial measurements should be considered in the context with our GAAP results. We have disclosed our results excluding certain non-operating items including (1) our patent litigation with Research Affiliates LLC; and (2) expenses for the WisdomTree ETF shareholder proxy solicitation. Management excludes these items when measuring our financial performance as they are not directly related to our core business of being an ETF sponsor and asset manager. We disclose gross margin as a non-GAAP financial measurement to allow investors to analyze our revenues less the direct costs paid to third parties attributable to those revenues.















WISDOMTREE INVESTMENTS, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
GAAP to NON-GAAP RECONCILIATION
(in thousands)
(Unaudited)








Three Months Ended Nine Months Ended

Sept. 30,
2013 Jun. 30,
2013 Sept. 30,
2012 Sept. 30,
2013 Sept. 30,
2012
GAAP total expenses $ 24,665 $ 25,089 $ 17,128 $ 71,241 $ 55,447







ETF shareholder proxy -- -- -- -- (3,264)
Patent litigation, net -- -- (219) -- (700)







Proforma operating expenses $ 24,665 $ 25,089 $ 16,909 $ 71,241 $ 51,483














GAAP net income $ 14,965 $ 12,242 $ 4,533 $ 35,061 $ 5,777







ETF shareholder proxy -- -- -- -- 3,264
Patent litigation, net -- -- 219 -- 700







Proforma operating income $ 14,965 $ 12,242 $ 4,752 $ 35,061 $ 9,741














GAAP net income $ 14,965 $ 12,242 $ 4,533 $ 35,061 $ 5,777
Divide GAAP total revenue 39,630 37,331 21,661 106,302 61,224







GAAP pre-tax margin 37.8% 32.8% 20.9% 33.0% 9.4%














Proforma pre-tax net income $ 14,965 $ 12,242 $ 4,752 $ 35,061 $ 9,741
Divide GAAP total revenue 39,630 37,331 21,661 106,302 61,224







Proforma pre-tax operating margin 37.8% 32.8% 21.9% 33.0% 15.9%














GAAP total revenue $ 39,630 $ 37,331 $ 21,661 $ 106,302 $ 61,224
Fund management and administration (8,794) (9,106) (5,671) (26,123) (16,677)
Third party sharing arrangements (374) (428) (1,194) (913) (4,168)







Gross margin $ 30,462 $ 27,797 $ 14,796 $ 79,266 $ 40,379







Gross margin percentage 76.9% 74.5% 68.3% 74.6% 66.0%


.
.
Contact:.
.
WisdomTree Investments, Inc.
Stuart Bell / Jessica Zaloom
+1.917.267.3702 / +1.917.267.3735
[e-mail] / [e-mail]

[Drmicrocap]

WisdomTree Announces Second Quarter 2013 Results
GlobeNewswirePress Release: WisdomTree Investments, Inc. – Fri, Jul 26, 2013 7:00 AM EDT..

$5.0 Billion Net Inflows in Quarter

Net Inflow Market Share 29% in Second Quarter, 15% First Half

Record Revenues, Up 83% From Year Ago Quarter

Record Net Income $12.2 Million, Up 56% From Prior Quarter

Diluted EPS $0.09

NEW YORK, July 26, 2013 (GLOBE NEWSWIRE) -- WisdomTree Investments, Inc. (WETF), an exchange-traded fund ("ETF") sponsor and asset manager, today reported net income of $12.2 million for the second quarter of 2013, or $0.09 per share on a fully diluted basis. This compares to $0.1 million in the second quarter of 2012 and $7.9 million in the first quarter of 2013.

WisdomTree CEO and President Jonathan Steinberg commented, "With $5.0 billion in net inflows for the quarter and nearly $11 billion in the first half of 2013, we continued our positive momentum from the first quarter to achieve a strong second quarter with record market share gains. WisdomTree was the third best asset gatherer across all U.S. mutual fund and ETF complexes in the second quarter according to Morningstar."

Mr. Steinberg continued, "WisdomTree's innovative ETF strategies are powering our top-line growth, with our currency hedged equity and domestic equity families leading our net inflows in the second quarter. While growing our existing funds, we are also seeking to bolster and expand upon the success of these strategies by launching new funds. In the second quarter, we listed two new currency hedged equity funds and our first dividend growth ETF.

Mr. Steinberg concluded, "Our robust asset growth is translating into excellent financial results with record revenues and net income in the second quarter. While we believe the ETF industry is still in its early innings of growth, WisdomTree is already proving the efficiency and scale of our business model: we achieved a 33% pre-tax margin on a base of $28.4 billion in average assets."

Assets Under Management, Net Inflows and Market Share

ETF assets under management ("AUM") were $29.0 billion at June 30, 2013, up 93.1% from $15.0 billion at June 30, 2012, and up 15.4% from $25.1 billion at March 31, 2013. Net inflows for the second quarter of 2013 were $5.0 billion as compared to $0.3 billion in the second quarter of 2012 and $5.9 billion in the first quarter of 2013. WisdomTree's market share of industry net inflows was 29.4% in the second quarter of 2013 as compared to 1.4% in the second quarter of 2012 and 10.8% in the first quarter of 2013. For the first six months of 2013, WisdomTree's market share was 15.2% as compared to 3.4% for the first six months of 2012.

Summary Operating and Financial Highlights













Three Months Ended
Change From

Jun. 30, Mar. 31, Jun. 30, Mar. 31, Jun. 30,
Operating Highlights (in billions): 2013 2013 2012 2013 2012
ETF AUM $29.0 $25.1 $15.0 15.4% 93.1%
ETF net inflows $5.0 $5.9 $0.3 (15.8%) nm
Average ETF AUM $28.4 $21.9 $15.1 29.4% 87.8%
Average ETF advisory fee 0.52% 0.54% 0.54% (0.02) (0.02)
Market share of industry inflows 29.4% 10.8% 1.4% +18.6 +28.0







Financial Highlights (in millions):





Total revenues $37.3 $29.3 $20.4 27.2% 83.1%
Net income $12.2 $7.9 $0.1 55.9% nm
Proforma operating income (non-GAAP) $12.2 $7.9 $3.1 55.9% 290.4%
Gross margin1 74% 72% 67% +2 +7
Pre-tax margin 33% 27% 1% +6 +32
Proforma pre-tax margin (non-GAAP) 33% 27% 15% +6 +18








Six Months Ended




Jun. 30, Jun. 30,



Operating Highlights (in billions): 2013 2012 Change


ETF AUM $29.0 $15.0 93.1%


ETF net inflows $10.9 $2.6 311.6%


Average ETF AUM $25.2 $14.7 71.3%


Average ETF advisory fee 0.53% 0.54% (0.01)


Market share of industry inflows 15.2% 3.4% +11.8









Financial Highlights (in millions):





Total revenues $66.7 $39.6 68.5%


Net income $20.1 $1.2 nm


Proforma operating income (non-GAAP) $20.1 $5.0 302.8%


Gross margin1 73% 65% +8


Pre-tax margin 30% 3% +27


Proforma pre-tax margin (non-GAAP) 30% 13% +17









1 Gross margin is defined as total revenues less fund management and administration expenses and third-party sharing arrangements.



Recent Business Developments
• On May 1, 2013, WisdomTree announced the appointment of Ryan Louvar as General Counsel for WisdomTree Funds
• On May 22, 2013, WisdomTree announced the launch of the WisdomTree U.S. Dividend Growth Fund (DGRW)
• On June 13, 2013, WisdomTree announced the listing of 12 additional ETFs on Bolsa Mexicana de Valores
• On June 28, 2013, WisdomTree announced the launch of the WisdomTree Japan Hedged SmallCap Equity Fund (DXJS) and the WisdomTree United Kingdom Hedged Equity Fund (DXPS)
• On July 9, 2013, WisdomTree announced 6 ETFs filed notifications with the Financial Services Agency of Japan
• On July 16, 2013, WisdomTree announced the WisdomTree Emerging Markets Local Debt Fund (ELD) received an NAIC Designation
• On July 24, 2013, WisdomTree announced Win Neuger joined the Board of Directors
• On July 25, 2013, WisdomTree announced the launch of the WisdomTree U.S. SmallCap Dividend Growth Fund (DGRS)

Performance

40% of the $25.8 billion invested in our 35 equity ETFs on June 30, 2013 were in funds that, since their respective inceptions, outperformed their capitalization-weighted or competitive benchmarks through that date. 51%, or 18 of our 35 equity ETFs, outperformed their capitalization-weighted or competitive benchmarks since their respective inceptions through June 30, 2013. For more information about WisdomTree ETFs including standardized performance, please click here or visit www.wisdomtree.com.

Second Quarter Financial Discussion

Revenues

Total revenues increased 83.1% to a record $37.3 million as compared to the second quarter of 2012 and 27.2% compared to the first quarter of 2013 primarily due to higher average AUM as a result of $5.0 billion of net inflows into our ETFs.

Our average advisory fee earned was 0.52% as compared to 0.54% for the second quarter of 2012 and first quarter of 2013 due to the majority of our inflows arising from our Japan Hedged Equity Fund (DXJ), which is priced at 0.48%.

Margins

Our gross margin, which is our total revenues less fund management and administration expenses and third party sharing arrangements, was 74% in the second quarter of 2013 as compared to 67% in the second quarter of 2012 and 72% in the first quarter of 2013. Higher AUM and the end of our joint venture with BNY Mellon were the primary drivers for the higher gross margin.

Our pre-tax margin was 33% in the second quarter of 2013 as compared to 1% (or 15% proforma) in the second quarter of 2012 and 27% in the first quarter of 2013 reflecting the operating scale in our business model.

Expenses

Total expenses increased 23.8% to $25.1 million from $20.3 million in the second quarter of 2012 and increased 16.8% from $21.5 million in the first quarter of 2013. Included in the prior periods were non-operating items related to patent litigation and ETF shareholder proxy.


Three Months Ended Change from
(in thousands) Jun. 30, Mar. 31, Jun. 30, Mar. 31, Jun. 30,

2013 2013 2012 2013 2012
Total expenses $25,089 $21,487 $20,264 16.8% 23.8%
Patent litigation, net -- -- 191


ETF shareholder proxy -- -- (3,198)


Proforma operating expenses (non-GAAP) $25,089 $21,487 $17,257 16.8% 45.4%
• Compensation and benefits expense increased 72.5% to $9.4 million compared to the second quarter of 2012. This increase was primarily due to higher accrued incentive compensation due to our record level of net inflows. In addition, we incurred higher stock based compensation due to equity awards granted to our employees as part of year-end compensation. Lastly, we incurred higher headcount related expenses. Our headcount at the end of the second quarter of 2013 was 79 compared to 66 at the end of the second quarter of 2012.


Compensation and benefits expense increased 26.3% compared to the first quarter of 2013 primarily due to higher accrued incentive compensation due to our strong results.
• Fund management and administration expenses increased 63.6% to $9.1 million compared to the second quarter of 2012. At the end of 2012, we ended our joint venture with BNY Mellon. As a result, we began to record certain operating costs related to our currency and fixed income ETFs, which were previously recognized by BNY Mellon as part of the joint venture. This resulted in approximately $0.6 million in higher costs, while eliminating the expense of the third-party sharing arrangement. Higher average AUM resulted in a $2.7 million increase in portfolio management, fund administration, accounting, index licensing, regulatory and distribution fees. We also incurred $0.3 million in higher printing related fees due to an increase in the number of holders of our ETFs.


Fund management and administration expenses increased 10.7% compared to the first quarter of 2013 primarily due to higher average AUM.
• Marketing and advertising expenses increased 41.9% to $2.2 million compared to the second quarter of 2012 and increased 13.4% compared to the first quarter of 2013 primarily due to higher levels of advertising related activities to support our growth.

• Sales and business development expenses increased 80.5% to $1.5 million compared to the second quarter of 2012 primarily due to new product development related activities as well as higher levels of spending for sales related initiatives.


Sales and business development expenses decreased 15.6% compared to the first quarter of 2013 primarily due to lower level of sales related spending.
• Professional and consulting fees decreased 53.1% to $0.7 million compared to the second quarter of 2012 primarily due to lower variable stock based compensation, which ended as of the end of 2012, partly offset by higher corporate consulting related fees. Professional and consulting fees increased slightly compared to the first quarter of 2013.

• Occupancy, communication and equipment expense increased 57.6% to $0.6 million compared to the second quarter of 2012 and increased 56.8% compared to the first quarter of 2013. This increase was primarily due to $0.2 million in commercial rent tax expense payable to NYC on our office space since 2008.

• Third-party sharing arrangements expense declined 65.2% to $0.4 million compared to the second quarter of 2012 due to the end of our joint venture with BNY Mellon discussed above.


Third-party sharing arrangements expense increased $0.3 million compared to the first quarter of 2013 primarily due to higher inflows raised by our marketing agent in Latin America.
• Other expenses increased 42.8% to $1.1 million compared to the second quarter of 2012 and increased 23.2% compared to the first quarter of 2013 primarily due to higher general and administrative expenses.

Balance Sheet

As of June 30, 2013, WisdomTree had total assets of $97.1 million which consisted primarily of cash and cash equivalents of $70.7 million and investments of $11.4 million. There were approximately 128.0 million shares of common stock issued as of June 30, 2013. Fully diluted weighted average shares outstanding was approximately 140 million.

Conference Call

WisdomTree will discuss its results and operational highlights during a conference call on Friday, July 26, 2013 at 9:00 a.m. ET. The call-in number will be [phone]. Anyone outside the U.S. or Canada should call [phone]. The slides used during the presentation will be available at http://ir.wisdomtree.com. For those unable to join the conference call at the scheduled time, an audio replay will be available on http://ir.wisdomtree.com.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains forward-looking statements that are based on our management's beliefs and assumptions and on information currently available to our management. Although we believe that the expectations reflected in these forward-looking statements are reasonable, these statements relate to future events or our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expects," "intends," "plans," "anticipates," "believes," "estimates," "predicts," "potential," "continue" or the negative of these terms or other comparable terminology. These statements are only predictions. You should not place undue reliance on forward-looking statements because they involve known and unknown risks, uncertainties and other factors, which are, in some cases, beyond our control and which could materially affect results. Factors that may cause actual results to differ materially from current expectations include, among other things, the risks described below. If one or more of these or other risks or uncertainties occur, or if our underlying assumptions prove to be incorrect, actual events or results may vary significantly from those implied or projected by the forward-looking statements. No forward-looking statement is a guarantee of future performance. You should read this press release completely and with the understanding that our actual future results may be materially different from any future results expressed or implied by these forward-looking statements.

In particular, forward-looking statements in this press release may include statements about:
• anticipated trends, conditions and investor sentiment in the global markets;

• anticipated levels of inflows into and outflows out of our exchange traded funds;

• our ability to deliver favorable rates of return to investors;

• our ability to develop new products and services;

• our ability to maintain current vendors or find new vendors to provide services to us at favorable costs;

• competition in our business; and

• the effect of laws and regulations that apply to our business.

Our business is subject to many risks and uncertainties, including without limitation:
• We have only a limited operating history and, as a result, recent historical growth may not provide an accurate representation of the growth we may experience in the future, which may make it difficult to evaluate our future prospects.

• Challenging market conditions associated with declining prices of securities can adversely affect our business by reducing the market value of the assets we manage or causing WisdomTree ETF shareholders to sell their fund shares and trigger redemptions.

• Fluctuations in the amount and mix of our AUM may negatively impact revenue and operating margin.

• Most of our assets under management are held in ETFs that invest in foreign securities and we therefore have substantial exposure to foreign market conditions and are subject to currency exchange rate risks.

• We derive a substantial portion of our revenue from products invested in emerging markets and are exposed to the market-specific political and economic risks as well as general investor sentiment regarding future growth of those markets.

• We derive a substantial amount of our revenue from products invested in securities of Japanese companies and are exposed to the market-specific political and economic risks as well as general investor sentiment regarding future growth of those markets and currency fluctuations between the Japanese Yen and the U.S. Dollar.

• We derive a majority of our revenue from a limited number of products--in particular one fund, WisdomTree Japan Hedged Equity Fund, that accounted for 34.3% of our ETF AUM at June 30, 2013--and, as a result, our operating results are particularly exposed to the performance of those funds, investor sentiment toward the strategies pursued by those funds and our ability to maintain the assets under management of those funds.

• The WisdomTree ETFs have a limited track record, and poor investment performance could cause our revenue to decline.

• We depend on other third parties to provide many critical services to operate our business and the WisdomTree ETFs. The failure of key vendors to adequately provide such services could materially affect our operating business and harm WisdomTree ETF shareholders.

Other factors, such as general economic conditions, including currency exchange rate fluctuations, also may have an effect on the results of our operations. For a more complete description of the risks noted above and other risks that could cause our actual results to differ from our current expectations, please see the section entitled "Risk Factors" in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2012.

The forward-looking statements in this press release represent our views as of the date of this press release. We anticipate that subsequent events and developments may cause our views to change. However, while we may elect to update these forward-looking statements at some point in the future, we have no current intention of doing so except to the extent required by applicable law. Therefore, these forward-looking statements do not represent our views as of any date other than the date of this press release.

About WisdomTree

WisdomTree Investments, Inc. is a New York-based exchange-traded fund ("ETF") sponsor and asset manager. WisdomTree currently offers 51 ETFs across Equities, Fixed Income, Currency Income and Alternatives asset classes. WisdomTree also licenses its indexes to third parties for proprietary products and promotes the use of WisdomTree ETFs in 401(k) plans. WisdomTree currently has approximately $31.6 billion in ETF assets under management. For more information, please visit www.wisdomtree.com.

WisdomTree(R) is the marketing name for WisdomTree Investments, Inc. and its wholly owned subsidiaries WisdomTree Asset Management, Inc. and WisdomTree Retirement Services, Inc. WisdomTree Asset Management, Inc. is a registered investment advisor and is the investment advisor to the WisdomTree Trust and the WisdomTree ETFs. The WisdomTree Trust is a registered open-end investment company. Each WisdomTree ETF is a series of the WisdomTree Trust. WisdomTree Retirement Services, Inc. supports the use of the WisdomTree ETFs in retirement plans by financial professionals.

WISDOMTREE INVESTMENTS, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands)
(Unaudited)











Three Months Ended % Change From Six Months Ended

Jun. 30,
2013 Mar. 31,
2013 Jun. 30,
2012 Mar. 31,
2013 Jun. 30,
2012 Jun. 30,
2013 Jun. 30,
2012 %
Change










Revenues








ETF advisory fees $ 37,101 $ 29,153 $ 20,230 27.3% 83.4% $ 66,254 $ 39,205 69.0%
Other income 230 188 163 22.3% 41.1% 418 358 16.8%










Total revenues 37,331 29,341 20,393 27.2% 83.1% 66,672 39,563 68.5%










Expenses








Compensation and benefits 9,447 7,482 5,477 26.3% 72.5% 16,929 11,334 49.4%
Fund management and administration 9,106 8,223 5,567 10.7% 63.6% 17,329 11,006 57.5%
Marketing and advertising 2,196 1,937 1,548 13.4% 41.9% 4,133 2,874 43.8%
Sales and business development 1,520 1,801 842 -15.6% 80.5% 3,321 1,702 95.1%
Professional and consulting fees 657 613 1,401 7.2% -53.1% 1,270 2,510 -49.4%
Occupancy, communication and equipment 591 377 375 56.8% 57.6% 968 676 43.2%
Depreciation and amortization 83 82 75 1.2% 10.7% 165 146 13.0%
Third party sharing arrangements 428 111 1,229 285.6% -65.2% 539 2,974 -81.9%
Other 1,061 861 743 23.2% 42.8% 1,922 1,352 42.2%
ETF shareholder proxy -- -- 3,198 n/a n/a -- 3,264 n/a
Patent litigation, net -- -- (191) n/a n/a -- 481 n/a
Total expenses 25,089 21,487 20,264 16.8% 23.8% 46,576 38,319 21.5%










Income before provision for income taxes 12,242 7,854 129 55.9% n/a 20,096 1,244 n/a










Provision for income taxes -- -- --

-- --










Net income $ 12,242 $ 7,854 $ 129 55.9% n/a $ 20,096 $ 1,244 n/a




















Net income per share - basic $ 0.10 $ 0.06 $ 0.00

$ 0.16 $ 0.01











Net income per share - diluted $ 0.09 $ 0.06 $ 0.00

$ 0.14 $ 0.01











Weighted average common shares - basic 125,771 125,436 121,920

125,605 120,551











Weighted average common shares - diluted 140,081 139,650 138,477

139,716 137,748




WISDOMTREE INVESTMENTS, INC.
NON-GAAP CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands)
(Unaudited)








Three Months Ended Six Months Ended

Jun. 30,
2013 Mar. 31,
2013 Jun. 30,
2012 Jun. 30,
2013 Jun. 30,
2012
Revenues





ETF advisory fees $ 37,101 $ 29,153 $ 20,230 $ 66,254 $ 39,205
Other income 230 188 163 418 358







Total revenues 37,331 29,341 20,393 66,672 39,563







Operating expenses





Compensation and benefits 9,447 7,482 5,477 16,929 11,334
Fund management and administration 9,106 8,223 5,567 17,329 11,006
Marketing and advertising 2,196 1,937 1,548 4,133 2,874
Sales and business development 1,520 1,801 842 3,321 1,702
Professional and consulting fees 657 613 1,401 1,270 2,510
Occupancy, communication and equipment 591 377 375 968 676
Depreciation and amortization 83 82 75 165 146
Third party sharing arrangements 428 111 1,229 539 2,974
Other 1,061 861 743 1,922 1,352
Total proforma operating expenses 25,089 21,487 17,257 46,576 34,574














Proforma operating income 12,242 7,854 3,136 20,096 4,989







ETF shareholder proxy -- -- 3,198 -- 3,264
Patent litigation, net -- -- (191) -- 481
Income before provision for income taxes 12,242 7,854 129 20,096 1,244







Provision for income taxes -- -- -- -- --







Net income $ 12,242 $ 7,854 $ 129 $ 20,096 $ 1,244



WISDOMTREE INVESTMENTS, INC.
CONSOLIDATED BALANCE SHEET
(in thousands, except per share amount)



June 30,
2013 December 31,
2012

(Unaudited)





ASSETS


Current assets:


Cash and cash equivalents $ 70,733 $ 41,246
Accounts receivable 12,460 9,348
Other current assets 2,015 1,273




Total current assets 85,208 51,867




Fixed assets, net 438 480
Investments 11,375 11,036
Other noncurrent assets 51 42




Total assets $ 97,072 $ 63,425


LIABILITIES AND STOCKHOLDERS' EQUITY


LIABILITIES


Current liabilities:


Fund management and administration payable $ 10,671 $ 6,924
Compensation and benefits payable 7,232 2,156
Accounts payable and other liabilities 3,783 3,272




Total current liabilities 21,686 12,352




Other noncurrent liabilities -- 13




Total liabilities 21,686 12,365




STOCKHOLDERS' EQUITY


Common stock, par value $0.01; 250,000 shares authorized:


issued: 128,017 and 126,554 1,280 1,265
outstanding: 125,978 and 125,272


Additional paid-in capital 182,041 177,826
Accumulated deficit (107,935) (128,031)




Total stockholders' equity 75,386 51,060




Total liabilities and stockholders' equity $ 97,072 $ 63,425



WISDOMTREE INVESTMENTS, INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
(Unaudited)





Six Months Ended

June 30,
2013 June 30,
2012
Cash flows from operating activities


Net income $ 20,096 $ 1,244
Non-cash items included in net income:


Depreciation and amortization 165 146
Stock-based compensation 3,405 4,033
Deferred rent (69) (71)
Accretion to interest income and other 94 80
Changes in operating assets and liabilities:


Accounts receivable (3,112) (1,980)
Other assets (761) (497)
Fund management and administration payable 3,747 2,499
Compensation and benefits payable 5,076 (1,362)
Accounts payable and other liabilities 568 4,438




Net cash provided by operating activities 29,209 8,530




Cash flows from investing activities


Purchase of fixed assets (123) (125)
Purchase of investments (2,943) (5,241)
Proceeds from the redemption of investments 2,520 4,437




Net cash used in investing activities (546) (929)




Cash flows from financing activities


Net proceeds from sale of common stock -- 4,329
Shares repurchased (249) (1,033)
Proceeds from exercise of stock options 1,073 2,773




Net cash provided by financing activities 824 6,069




Net increase in cash and cash equivalents 29,487 13,670




Cash and cash equivalents - beginning of period 41,246 25,630




Cash and cash equivalents - end of period $ 70,733 $ 39,300




Supplemental disclosure of cash flow information






Cash paid for income taxes $ 34 $ 16








WisdomTree Investments, Inc.





Key Operating Statistics (Unaudited)













Three Months Ended For the Six Months Ended

June 30,
2013 March 31,
2013 June 30,
2012 June 30,
2013 June 30,
2012
Total ETFs (in millions)





Beginning of period assets 25,103 18,286 15,691 18,286 12,182
Inflows/(outflows) 4,962 5,893 338 10,855 2,637
Market appreciation/(depreciation) (1,090) 924 (1,025) (166) 185
End of period assets 28,975 25,103 15,004 28,975 15,004







Average assets during the period 28,390 21,934 15,116 25,162 14,690







ETF Industry and Market Share (in billions)





ETF industry net inflows 16.9 54.4 25.0 71.3 78.2
WisdomTree market share of industry inflows 29.4% 10.8% 1.4% 15.2% 3.4%







International Developed Equity ETFs (in millions)





Beginning of period assets 8,525 3,732 2,964 3,732 2,407
Inflows/(outflows) 4,433 4,210 137 8,643 439
Market appreciation/(depreciation) (55) 583 (255) 528 --
End of period assets 12,903 8,525 2,846 12,903 2,846







Average assets during the period 11,444 6,072 2,853 8,758 2,767







Emerging Markets Equity ETFs (in millions)





Beginning of period assets 8,071 7,332 5,594 7,332 3,613
Inflows/(outflows) (51) 876 462 825 1,860
Market appreciation/(depreciation) (848) (137) (626) (985) (43)
End of period assets 7,172 8,071 5,430 7,172 5,430







Average assets during the period 7,964 7,905 5,398 7,934 5,089







US Equity ETFs (in millions)





Beginning of period assets 5,161 4,371 4,275 4,371 3,429
Inflows/(outflows) 547 291 (113) 838 452
Market appreciation/(depreciation) 69 499 (68) 568 213
End of period assets 5,777 5,161 4,094 5,777 4,094







Average assets during the period 5,541 4,749 4,101 5,145 4,045







Fixed Income ETFs (in millions)





Beginning of period assets 2,600 2,118 1,735 2,118 1,506
Inflows/(outflows) 78 508 (8) 586 153
Market appreciation/(depreciation) (241) (26) (29) (267) 39
End of period assets 2,437 2,600 1,698 2,437 1,698







Average assets during the period 2,700 2,453 1,716 2,577 1,671







Currency ETFs (in millions)





Beginning of period assets 626 611 881 611 950
Inflows/(outflows) (62) 12 (82) (50) (186)
Market appreciation/(depreciation) (17) 3 (30) (14) 5
End of period assets 547 626 769 547 769







Average assets during the period 607 637 828 622 881







Alternative Strategy ETFs (in millions)





Beginning of period assets 120 122 242 122 277
Inflows/(outflows) 17 (4) (58) 13 (81)
Market appreciation/(depreciation) 2 2 (17) 4 (29)
End of period assets 139 120 167 139 167







Average assets during the period 134 118 220 126 237







Average ETF assets during the period





International developed equity ETFs 40% 27% 19% 35% 19%
Emerging markets equity ETFs 28% 36% 36% 32% 35%
US equity ETFs 20% 22% 27% 20% 27%
Fixed income ETFs 10% 11% 11% 10% 11%
Currency ETFs 2% 3% 6% 2% 6%
Alternative strategy ETFs 0% 1% 1% 1% 2%
Total 100% 100% 100% 100% 100%







Average ETF advisory fee during the period





Alternative strategy ETFs 0.94% 0.94% 0.95% 0.94% 0.95%
Emerging markets equity ETFs 0.66% 0.67% 0.66% 0.66% 0.64%
Fixed income ETFs 0.55% 0.55% 0.55% 0.55% 0.55%
Currency ETFs 0.51% 0.51% 0.50% 0.51% 0.53%
International developed equity ETFs 0.50% 0.52% 0.54% 0.51% 0.54%
US equity ETFs 0.35% 0.35% 0.35% 0.35% 0.35%
Blended total 0.52% 0.54% 0.54% 0.53% 0.54%







Number of ETFs - end of the period





International developed equity ETFs 20 18 18 20 18
US equity ETFs 12 11 12 12 12
Fixed income ETFs 6 6 5 6 5
Currency ETFs 5 5 7 5 7
Emerging markets equity ETFs 5 5 4 5 4
Alternative strategy ETFs 2 2 2 2 2
Total 50 47 48 50 48







Headcount 79 72 66 79 66







Note: Previously issued statistics may be restated due to trade adjustments





Source: Investment Company Institute, Bloomberg, WisdomTree






Non-GAAP Financial Measurements

In an effort to provide additional information regarding our results as determined by GAAP, we also disclose certain non-GAAP information which we believe provides useful and meaningful information. The non-GAAP financial measurements included in this release include proforma operating income, proforma expenses and proforma pre-tax operating margin. Our management reviews these non-GAAP financial measurements when evaluating our financial performance and results of operations; therefore, we believe it is useful to provide information with respect to these non-GAAP measurements so as to share this perspective of management. Non-GAAP measurements do not have any standardized meaning, do not replace nor are superior to GAAP financial measurements and are unlikely to be comparable to similar measures presented by other companies. These non-GAAP financial measurements should be considered in the context with our GAAP results. We have disclosed our results excluding certain non-operating items including (1) our patent litigation with Research Affiliates LLC; and (2) expenses for the WisdomTree ETF shareholder proxy solicitation; Management excludes these items when measuring our financial performance as they are not directly related to our core business of being an ETF sponsor and asset manager.

WISDOMTREE INVESTMENTS, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
GAAP to NON-GAAP RECONCILIATION
(in thousands)
(Unaudited)








For the Three Months Ended For the Six Months Ended

Jun. 30,
2013 Mar. 31,
2013 Jun. 30,
2012 Jun. 30,
2013 Jun. 30,
2012
GAAP total expenses $ 25,089 $ 21,487 $ 20,264 $ 46,576 $ 38,319







ETF shareholder proxy -- -- (3,198) -- (3,264)
Patent litigation, net -- -- 191 -- (481)







Proforma operating expenses $ 25,089 $ 21,487 $ 17,257 $ 46,576 $ 34,574







GAAP net income $ 12,242 $ 7,854 $ 129 $ 20,096 $ 1,244







ETF shareholder proxy -- -- 3,198 -- 3,264
Patent litigation, net -- -- (191) -- 481







Proforma operating income $ 12,242 $ 7,854 $ 3,136 $ 20,096 $ 4,989







GAAP net income $ 12,242 $ 7,854 $ 129 $ 20,096 $ 1,244
Divide GAAP total revenue 37,331 29,341 20,393 66,672 39,563







GAAP pre-tax margin 32.8% 26.8% 0.6% 30.1% 3.1%







Proforma pre-tax net income $ 12,242 $ 7,854 $ 3,136 $ 20,096 $ 4,989
Divide GAAP total revenue 37,331 29,341 20,393 66,672 39,563







Proforma pre-tax operating margin 32.8% 26.8% 15.4% 30.1% 12.6%


.
.
Contact:.
.
WisdomTree Investments, Inc.
Stuart Bell / Jessica Zaloom
+1.917.267.3702 / +1.917.267.3735
[e-mail] / [e-mail]

.

[Drmicrocap]

WisdomTree Announces First Quarter 2013 Results
Press Release: WisdomTree Investments, Inc. – Fri, Apr 26, 2013
+0.02
Record $5.9 Billion Net Inflows, 10.8% Market Share

Record Revenues, Up 53% From Year Ago Quarter

Record Net Income $7.9 Million, Up 50% From Prior Quarter, Up Seven Times From Year Ago Quarter

Diluted EPS $0.06

NEW YORK, April 26, 2013 (GLOBE NEWSWIRE) -- WisdomTree Investments, Inc. (WETF), an exchange-traded fund ("ETF") sponsor and asset manager, today reported net income of $7.9 million for the first quarter of 2013, or $0.06 per share on a fully diluted basis. This compares to $1.1 million, or $0.01 per share on a fully diluted basis, in the first quarter of 2012 and $5.3 million, or $0.04 per share on a fully diluted basis, in the fourth quarter of 2012.

WisdomTree CEO and President Jonathan Steinberg commented, "WisdomTree's net inflows of $5.9 billion represented our best quarter yet and fueled a meaningful acceleration in our organic growth in 2013. The drivers behind this strong top-line growth underscore two important points: First, WisdomTree is innovating and executing at the highest levels -- our currency hedged Japanese equity strategy led the entire ETF industry with $3.9 billion of net inflows in the first quarter. Second, we are seeing balanced growth across our platform in important asset classes. In fact, excluding Japan-related assets, we achieved our second best quarter with $1.9 billion in inflows across our dividend-weighted equity and fixed income strategies."

Mr. Steinberg continued, "Our scalable business model is driving strong top-line growth, expanding margins and earnings. At $27 billion in assets and the fifth largest U.S. ETF sponsor today, WisdomTree has reached an exciting point in our development."

Assets Under Management, Net Inflows and Market Share

ETF assets under management ("AUM") were $25.1 billion at March 31, 2013, up from $15.7 billion at March 31, 2012 and $18.3 billion at December 31, 2012. Net inflows for the first quarter of 2013 were $5.9 billion compared to $2.3 billion in the first quarter of 2012 and $1.1 billion in the fourth quarter of 2012. WisdomTree's market share of industry net inflows was 10.8% in the first quarter of 2013 as compared to 4.3% in the first quarter of 2012 and 1.9% in the fourth quarter of 2012.



Summary Operating and Financial Highlights


























Three Months Ended

Change From






Mar. 31,

Dec. 31,

Mar. 31,

Dec. 31,

Mar. 31,



Operating Highlights (in billions):

2013

2012

2012

2012

2012



ETF AUM

$25.1

$18.3

$15.7

37.3%

60.0%



ETF net inflows

$5.9

$1.1

$2.3

456.5%

156.3%



Average ETF AUM

$21.9

$17.1

$14.3

28.5%

53.8%



Average ETF advisory fee

0.54%

0.54%

0.54%

--

--



Market share of industry inflows

10.8%

1.9%

4.3%

+8.9

+6.5























Financial Highlights (in millions):


















Total revenues

$29.3

$23.6

$19.2

24.5%

53.1%



Net income

$7.9

$5.3

$1.1

49.5%

604.4%



Proforma operating income (non-GAAP)

$7.9

$5.1

$1.9

54.5%

323.9%



Gross margin1

72%

68%

63%

+4

+9



Pre-tax margin

27%

22%

6%

+5

+21



Proforma pre-tax margin

27%

22%

10%

+5

+17























1 Gross margin is defined as total revenues less fund management and administration expenses and third-party sharing arrangements.


Recent Business Developments


• On January 14, 2013, WisdomTree announced the WisdomTree Emerging Markets Equity Income Fund (DEM) Surpassed $5 Billion in Assets.
• On January 22, 2013, WisdomTree announced the WisdomTree Japan Hedged Equity Fund (DXJ) Surpassed $2 Billion in Assets.
• On January 23, 2013, WisdomTree announced the Company Surpassed $20 Billion in AUM.
• On January 31, 2013, WisdomTree announced the launch of the WisdomTree Global Corporate Bond Fund (GLCB).
• On March 15, 2013, WisdomTree announced the WisdomTree Japan Hedged Equity Fund (DXJ) Surpassed $5 Billion in Assets.
• On April 25, 2013, WisdomTree announced the WisdomTree Emerging Markets Corporate Bond Fund (EMCB) Received a National Association of Insurance Companies (NAIC) Designation.

Performance

77% of the $21.8 billion invested in our 34 equity ETFs on March 31, 2013 were in funds that, since their respective inceptions, outperformed their capitalization-weighted or competitive benchmarks through that date. 62%, or 21 of our 34 equity ETFs, outperformed their capitalization-weighted or competitive benchmarks since their respective inceptions through March 31, 2013. For more information about WisdomTree ETFs including standardized performance, please click here or visit www.wisdomtree.com.

First Quarter Financial Discussion

Revenues

Total revenues increased 53.1% to a record $29.3 million as compared to the first quarter of 2012 and 24.5% compared to the fourth quarter of 2012 primarily due to higher average AUM as a result of record $5.9 billion of net inflows into our ETFs. Our average advisory fee earned was unchanged at 0.54% as compared to the first and fourth quarters of 2012.

Margins

Our gross margin, which is our total revenues less fund management and administration expenses and third party sharing arrangements, was 72% in the first quarter of 2013 as compared to 63% in the first quarter of 2012 and 68% in the fourth quarter of 2012. The end of our joint venture with BNY Mellon and higher AUM were the primary drivers for the higher gross margin.

Our pre-tax margin was 27% in the first quarter of 2013 as compared to 6% in the first quarter of 2012 and 22% in the fourth quarter of 2012 reflecting the operating scale in our business model.

Expenses

Total expenses increased 19.0% to $21.5 million from $18.1 million in the first quarter of 2012 and increased 17.3% from $18.3 million in the fourth quarter of 2012. Included in the prior periods were non-operating items related to patent litigation, ETF shareholder proxy and secondary and initial exchange listing costs.






Three Months Ended

Change from



(in thousands)

Mar. 31,

Dec. 31,

Mar. 31,

Dec. 31,

Mar. 31,






2013

2012

2012

2012

2012



Total expenses

$21,487

$18,321

$18,055

17.3%

19.0%



Patent litigation, net

--

524

(672)









ETF shareholder proxy

--

--

(66)









Offering costs

--

(353)

--









Proforma operating expenses (non-GAAP)

$21,487

$18,492

$17,317

16.2%

24.1%

• Compensation and benefits expense increased 27.7% to $7.5 million compared to the first quarter of 2012. This increase was primarily due to higher accrued incentive compensation due to our record level of net inflows. Our headcount at the end of the first quarter of 2013 was 72 compared to 64 at the end of the first quarter of 2012.


Compensation and benefits expense increased 21.4% compared to the fourth quarter of 2012 primarily due to higher accrued incentive compensation, higher stock based compensation and payroll taxes.
• Fund management and administration expenses increased 51.2% to $8.2 million compared to the first quarter of 2012. At the end of 2012, we ended our joint venture with BNY Mellon. As a result, we began to record certain operating costs related to our currency and fixed income ETFs, which were previously recognized by BNY Mellon as part of the joint venture. This resulted in approximately $0.6 million in higher costs. Higher average AUM resulted in a $1.8 million increase in portfolio management, fund administration, accounting, index licensing, regulatory and distribution fees. We also incurred $0.3 million in higher printing related fees due to an increase in the number of holders of our ETFs.


Fund management and administration expenses increased 29.6% compared to the fourth quarter of 2012 primarily due to the end of the joint venture and higher average AUM.
• Marketing and advertising expenses increased 46.1% to $1.9 million compared to the first quarter of 2012 and increased 19.1% compared to the fourth quarter of 2012 primarily due to higher levels of advertising related activities to support our growth.

• Sales and business development expenses more than doubled to $1.8 million compared to the first quarter of 2012 and increased 71.0% compared to the fourth quarter of 2012 primarily due to higher levels of sales related initiatives and activities.

• Professional and consulting fees decreased 44.7% to $0.6 million compared to the first quarter of 2012 and decreased 22.2% compared to the fourth quarter of 2012 primarily due to lower variable stock based compensation, which ended as of the end of 2012, partly offset by higher corporate consulting and accounting related fees.

• Occupancy, communication and equipment expense increased 25.2% to $0.4 million compared to the first quarter of 2012. Beginning in the second quarter of 2012, we began occupying office space we had previously sub-leased to a third party. This expense was essentially unchanged compared to the fourth quarter of 2012.

• Third-party sharing arrangements expense declined 93.6% to $0.1 million compared to the first quarter of 2012 and declined 91.5% compared to the fourth quarter of 2012 due to the end of our joint venture with BNY Mellon discussed above.

• Other expenses increased 41.4% to $0.9 million compared to the first quarter of 2012 and increased 12.5% compared to the fourth quarter of 2012 primarily due to higher general and administrative expenses.

Balance Sheet

As of March 31, 2013, WisdomTree had total assets of $76.1 million which consisted primarily of cash and cash equivalents of $52.3 million and investments of $10.7 million. The Company has no debt. There were approximately 127.7 million shares of common stock issued as of March 31, 2013. Fully diluted weighted average shares outstanding were 139.7 million for the three months ended March 31, 2013.

Conference Call

WisdomTree will discuss its results and operational highlights during a conference call on Friday, April 26, 2013 at 9:00 a.m. ET. The call-in number will be [phone]. Anyone outside the U.S. or Canada should call [phone]. The slides used during the presentation will be available at http://ir.wisdomtree.com. For those unable to join the conference call at the scheduled time, an audio replay will be available on http://ir.wisdomtree.com.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains forward-looking statements that are based on our management's beliefs and assumptions and on information currently available to our management. Although we believe that the expectations reflected in these forward-looking statements are reasonable, these statements relate to future events or our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expects," "intends," "plans," "anticipates," "believes," "estimates," "predicts," "potential," "continue" or the negative of these terms or other comparable terminology. These statements are only predictions. You should not place undue reliance on forward-looking statements because they involve known and unknown risks, uncertainties and other factors, which are, in some cases, beyond our control and which could materially affect results. Factors that may cause actual results to differ materially from current expectations include, among other things, the risks described below. If one or more of these or other risks or uncertainties occur, or if our underlying assumptions prove to be incorrect, actual events or results may vary significantly from those implied or projected by the forward-looking statements. No forward-looking statement is a guarantee of future performance. You should read this press release completely and with the understanding that our actual future results may be materially different from any future results expressed or implied by these forward-looking statements.

In particular, forward-looking statements in this press release may include statements about:
• anticipated trends, conditions and investor sentiment in the global markets;

• anticipated levels of inflows into and outflows out of our exchange traded funds;

• our ability to deliver favorable rates of return to investors;

• our ability to develop new products and services;

• our ability to maintain current vendors or find new vendors to provide services to us at favorable costs;

• competition in our business; and

• the effect of laws and regulations that apply to our business.

Our business is subject to many risks and uncertainties, including without limitation:
• We have only a limited operating history and, as a result, recent historical growth may not provide an accurate representation of the growth we may experience in the future, which may make it difficult to evaluate our future prospects.

• Challenging market conditions associated with declining prices of securities can adversely affect our business by reducing the market value of the assets we manage or causing WisdomTree ETF shareholders to sell their fund shares and trigger redemptions.

• Fluctuations in the amount and mix of our AUM may negatively impact revenue and operating margin.

• Most of our assets under management are held in ETFs that invest in foreign securities and we therefore have substantial exposure to foreign market conditions and are subject to currency exchange rate risks.

• We derive a substantial portion of our revenue from products invested in emerging markets and are exposed to the market-specific political and economic risks as well as general investor sentiment regarding future growth of those markets.

• We derive a substantial portion of our revenue from a limited number of products and, as a result, our operating results are particularly exposed to the performance of those funds, investor sentiment toward the strategies pursued by those funds and our ability to maintain the assets under management of those funds.

• The WisdomTree ETFs have a limited track record, and poor investment performance could cause our revenue to decline.

• We depend on other third parties to provide many critical services to operate our business and the WisdomTree ETFs. The failure of key vendors to adequately provide such services could materially affect our operating business and harm WisdomTree ETF shareholders.

• We may from time to time in the future be, involved in legal proceedings that could require significant management time and attention, possibly resulting in significant expense or in an unfavorable outcome, which could have a material adverse effect on our business, financial conditions, results of operations and cash flows.

Other factors, such as general economic conditions, including currency exchange rate fluctuations, also may have an effect on the results of our operations. For a more complete description of the risks noted above and other risks that could cause our actual results to differ from our current expectations, please see the section entitled "Risk Factors" in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2012.

The forward-looking statements in this press release represent our views as of the date of this press release. We anticipate that subsequent events and developments may cause our views to change. However, while we may elect to update these forward-looking statements at some point in the future, we have no current intention of doing so except to the extent required by applicable law. Therefore, these forward-looking statements do not represent our views as of any date other than the date of this press release.

About WisdomTree

WisdomTree Investments, Inc. is a New York-based exchange-traded fund ("ETF") sponsor and asset manager. WisdomTree currently offers 47 ETFs across Equities, Fixed Income, Currency Income and Alternatives asset classes. WisdomTree also licenses its indexes to third parties for proprietary products and promotes the use of WisdomTree ETFs in 401(k) plans. WisdomTree currently has approximately $27.3 billion in ETF assets under management. For more information, please visit www.wisdomtree.com.

WisdomTree(R) is the marketing name for WisdomTree Investments, Inc. and its wholly owned subsidiaries WisdomTree Asset Management, Inc. and WisdomTree Retirement Services, Inc. WisdomTree Asset Management, Inc. is a registered investment advisor and is the investment advisor to the WisdomTree Trust and the WisdomTree ETFs. The WisdomTree Trust is a registered open-end investment company. Each WisdomTree ETF is a series of the WisdomTree Trust. WisdomTree Retirement Services, Inc. supports the use of the WisdomTree ETFs in retirement plans by financial professionals.



WISDOMTREE INVESTMENTS, INC.



CONSOLIDATED STATEMENTS OF OPERATIONS



(in thousands)



(Unaudited)


























Three Months Ended

% Change From






Mar. 31,

Dec. 31,

Mar. 31,

Dec. 31,

Mar. 31,






2013

2012

2012

2012

2012























Revenues


















ETF advisory fees

$ 29,153

$ 23,379

$ 18,975

24.7%

53.6%



Other income

188

195

195

-3.6%

-3.6%























Total revenues

29,341

23,574

19,170

24.5%

53.1%























Expenses


















Compensation and benefits

7,482

6,165

5,857

21.4%

27.7%



Fund management and administration

8,223

6,343

5,439

29.6%

51.2%



Marketing and advertising

1,937

1,627

1,326

19.1%

46.1%



Sales and business development

1,801

1,053

860

71.0%

109.4%



Professional and consulting fees

613

788

1,109

-22.2%

-44.7%



Occupancy, communication and equipment

377

369

301

2.2%

25.2%



Depreciation and amortization

82

82

71

0.0%

15.5%



Third party sharing arrangements

111

1,300

1,745

-91.5%

-93.6%



Other

861

765

609

12.5%

41.4%



ETF shareholder proxy

--

--

66

n/a

n/a



Patent litigation, net

--

(524)

672

n/a

n/a



Offering costs

--

353

--

n/a

n/a



Total expenses

21,487

18,321

18,055

17.3%

19.0%























Income before provision for income taxes

7,854

5,253

1,115

49.5%

604.4%























Provision for income taxes

--

--

--




























Net income

$ 7,854

$ 5,253

$ 1,115

49.5%

604.4%











































Net income per share - basic

$ 0.06

$ 0.04

$ 0.01





























Net income per share - diluted

$ 0.06

$ 0.04

$ 0.01





























Weighted average common shares - basic

125,436

124,202

119,182





























Weighted average common shares - diluted

139,650

138,417

137,400















WISDOMTREE INVESTMENTS, INC.



NON-GAAP CONSOLIDATED STATEMENTS OF OPERATIONS



(in thousands)



(Unaudited)




















Three Months Ended






Mar. 31,

Dec. 31,

Mar. 31,






2013

2012

2012

















Revenues












ETF advisory fees

$ 29,153

$ 23,379

$ 18,975



Other income

188

195

195

















Total revenues

29,341

23,574

19,170

















Operating expenses












Compensation and benefits

7,482

6,165

5,857



Fund management and administration

8,223

6,343

5,439



Marketing and advertising

1,937

1,627

1,326



Sales and business development

1,801

1,053

860



Professional and consulting fees

613

788

1,109



Occupancy, communication and equipment

377

369

301



Depreciation and amortization

82

82

71



Third party sharing arrangements

111

1,300

1,745



Other

861

765

609



Total proforma operating expenses

21,487

18,492

17,317































Proforma operating income

7,854

5,082

1,853

















ETF shareholder proxy

--

--

66



Patent litigation, net

--

(524)

672



Offering costs

--

353

--



Income before provision for income taxes

7,854

5,253

1,115

















Provision for income taxes

--

--

--

















Net income

$ 7,854

$ 5,253

$ 1,115









WISDOMTREE INVESTMENTS, INC.



CONSOLIDATED BALANCE SHEET



(in thousands, except per share amount)

















March 31,

December 31,






2013

2012






(Unaudited)

















ASSETS









Current assets:









Cash and cash equivalents

$ 52,297

$ 41,246



Accounts receivable

11,098

9,348



Other current assets

1,529

1,273














Total current assets

64,924

51,867














Fixed assets, net

408

480



Investments

10,668

11,036



Other noncurrent assets

53

42














Total assets

$ 76,053

$ 63,425












LIABILITIES AND STOCKHOLDERS' EQUITY









LIABILITIES









Current liabilities:









Fund management and administration payable

$ 9,513

$ 6,924



Compensation and benefits payable

2,613

2,156



Accounts payable and other liabilities

2,800

3,272














Total current liabilities

14,926

12,352














Other noncurrent liabilities

--

13














Total liabilities

14,926

12,365














STOCKHOLDERS' EQUITY









Common stock, par value $0.01; 250,000 shares authorized:









issued: 127,667 and 126,554

1,276

1,265



outstanding: 125,628 and 125,272









Additional paid-in capital

180,028

177,826



Accumulated deficit

(120,177)

(128,031)














Total stockholders' equity

61,127

51,060














Total liabilities and stockholders' equity

$ 76,053

$ 63,425









WISDOMTREE INVESTMENTS, INC.



CONSOLIDATED STATEMENTS OF CASH FLOWS



(in thousands)




























Three Months Ended






March 31,

March 31,






2013

2012






(Unaudited)






Cash flows from operating activities









Net income

$ 7,854

$ 1,115



Non-cash items included in net income:









Depreciation and amortization

82

71



Stock-based compensation

1,714

2,115



Deferred rent

(34)

(37)



Accretion to interest income and other

39

20



Changes in operating assets and liabilities:









Accounts receivable

(1,750)

(1,504)



Other assets

(256)

198



Fund management and administration payable

2,589

1,913



Compensation and benefits payable

457

(2,931)



Accounts payable and other liabilities

(451)

1,720














Net cash provided by operating activities

10,244

2,680














Cash flows from investing activities









Purchase of fixed assets

(10)

(56)



Purchase of investments

(1,314)

(3,549)



Proceeds from the redemption of investments

1,633

2,486














Net cash provided by/( used in) investing activities

309

(1,119)














Cash flows from financing activities









Net proceeds from sale of common stock

--

4,329



Shares repurchased

(249)

(995)



Proceeds from exercise of stock options

747

1,613














Net cash provided by financing activities

498

4,947














Net increase in cash and cash equivalents

11,051

6,508














Cash and cash equivalents - beginning of period

41,246

25,630














Cash and cash equivalents - end of period

$ 52,297

$ 32,138














Supplemental disclosure of cash flow information




















Cash paid for income taxes

$ 34

$ 3









WisdomTree Investments, Inc.



Key Operating Statistics (Unaudited)




















Three Months Ended






March 31,

December 31,

March 31,






2013

2012

2012



Total ETFs (in millions)












Beginning of period assets

18,286

16,783

12,182



Inflows/(outflows)

5,893

1,059

2,299



Market appreciation/(depreciation)

924

444

1,210



End of period assets

25,103

18,286

15,691

















Average assets during the period

21,934

17,068

14,265

















ETF Industry and Market Share (in billions)












ETF industry net inflows

54.4

55.4

53.2



WisdomTree market share of industry inflows

10.8%

1.9%

4.3%

















International Developed Equity ETFs (in millions)












Beginning of period assets

3,732

2,896

2,407



Inflows/(outflows)

4,210

620

302



Market appreciation/(depreciation)

583

216

255



End of period assets

8,525

3,732

2,964

















Average assets during the period

6,072

3,022

2,680

















Emerging Markets Equity ETFs (in millions)












Beginning of period assets

7,332

6,542

3,613



Inflows/(outflows)

876

515

1,398



Market appreciation/(depreciation)

(137)

275

583



End of period assets

8,071

7,332

5,594

















Average assets during the period

7,905

6,767

4,780

















US Equity ETFs (in millions)












Beginning of period assets

4,371

4,640

3,429



Inflows/(outflows)

291

(205)

565



Market appreciation/(depreciation)

499

(64)

281



End of period assets

5,161

4,371

4,275

















Average assets during the period

4,749

4,522

3,990

















International Fixed Income ETFs (in millions)












Beginning of period assets

2,118

1,904

1,506



Inflows/(outflows)

508

190

161



Market appreciation/(depreciation)

(26)

24

68



End of period assets

2,600

2,118

1,735

















Average assets during the period

2,453

1,990

1,627

















Currency ETFs (in millions)












Beginning of period assets

611

654

950



Inflows/(outflows)

12

(37)

(104)



Market appreciation/(depreciation)

3

(6)

35



End of period assets

626

611

881

















Average assets during the period

637

632

935

















Alternative Strategy ETFs (in millions)












Beginning of period assets

122

147

277



Inflows/(outflows)

(4)

(24)

(23)



Market appreciation/(depreciation)

2

(1)

(12)



End of period assets

120

122

242

















Average assets during the period

118

135

253

















Average ETF assets during the period












Emerging markets equity ETFs

36%

39%

33%



International developed equity ETFs

27%

18%

19%



US equity ETFs

22%

26%

28%



International fixed income ETFs

11%

12%

12%



Currency ETFs

3%

4%

7%



Alternative strategy ETFs

1%

1%

1%



Total

100%

100%

100%

















Average ETF advisory fee during the period












Alternative strategy ETFs

0.94%

0.94%

0.95%



Emerging markets equity ETFs

0.67%

0.67%

0.67%



International fixed income ETFs

0.55%

0.55%

0.55%



International developed equity ETFs

0.52%

0.54%

0.55%



Currency ETFs

0.51%

0.50%

0.49%



US equity ETFs

0.35%

0.35%

0.35%



Blended total

0.54%

0.54%

0.54%

















Number of ETFs - end of the period












International developed equity ETFs

18

18

18



US equity ETFs

11

11

12



International fixed income ETFs

6

5

5



Currency ETFs

5

5

7



Emerging markets equity ETFs

5

5

4



Alternative strategy ETFs

2

2

2



Total

47

46

48

















Headcount

72

70

64

















Note: Previously issued statistics may be restated due to trade adjustments



Source: Investment Company Institute, Bloomberg, WisdomTree









Non-GAAP Financial Measurements








In an effort to provide additional information regarding our results as determined by GAAP, we also disclose certain non-GAAP information which we believe provides useful and meaningful information. The non-GAAP financial measurements included in this release include proforma operating income, proforma expenses and proforma pre-tax operating margin. Our management reviews these non-GAAP financial measurements when evaluating our financial performance and results of operations; therefore, we believe it is useful to provide information with respect to these non-GAAP measurements so as to share this perspective of management. Non-GAAP measurements do not have any standardized meaning, do not replace nor are superior to GAAP financial measurements and are unlikely to be comparable to similar measures presented by other companies. These non-GAAP financial measurements should be considered in the context with our GAAP results. We have disclosed our results excluding certain non-operating items including (1) our patent litigation with Research Affiliates LLC; (2) expenses for the WisdomTree ETF shareholder proxy solicitation; and (3) advisory and other related fees associated with the secondary offering of our common stock in November 2012. Management excludes these items when measuring our financial performance as they are not directly related to our core business of being an ETF sponsor and asset manager.









WISDOMTREE INVESTMENTS, INC.



CONSOLIDATED STATEMENTS OF OPERATIONS



GAAP to NON-GAAP RECONCILIATION



(in thousands)



(Unaudited)


































For the Three Months Ended






Mar. 31,

Dec. 31,

Mar. 31,






2013

2012

2012



GAAP total expenses

$ 21,487

$ 18,321

$ 18,055

















ETF shareholder proxy

--

--

(66)



Patent litigation, net

--

524

(672)



Offering costs

--

(353)

--

















Proforma operating expenses

$ 21,487

$ 18,492

$ 17,317































GAAP net income

$ 7,854

$ 5,253

$ 1,115

















ETF shareholder proxy

--

--

66



Patent litigation, net

--

(524)

672



Offering costs

--

353

--

















Proforma operating income

$ 7,854

$ 5,082

$ 1,853































GAAP net income

$ 7,854

$ 5,253

$ 1,115



Divide GAAP total revenue

29,341

23,574

19,170

















GAAP pre-tax margin

26.8%

22.3%

5.8%































Proforma pre-tax net income

$ 7,854

$ 5,082

$ 1,853



Divide GAAP total revenue

29,341

23,574

19,170

















Proforma pre-tax operating margin

26.8%

21.6%

9.7%



.
.
Contact:.
.
WisdomTree Investments, Inc.Stuart Bell / Jessica Zaloom+1.917.267.3702 / [e-mail] / [e-mail]. ...

[BiotechGuy49]

Mussed out at 7.5, shucks.

[mailhot72]

Guess not...........loaded up before Thanksgiving when it dropped below $6.00 and being patient!!!!! Solid investment here!!

Good to see someone else here!!

[stockydude]

AGREED! Nice run up here into earnings. should be interesting...

where the f' is everyone. nobody likes a good long term investment i guess.

[mailhot72]

I have confidence that this will be a double digit PPS ($10 or higher) in 2013. Company looks solid.

What are your thoughts and/or opinions???

[Drmicrocap]

http://finance.yahoo.com/news/wisdomtree-announces-third-quarter-2012-110000807.html

[Drmicrocap]

http://finance.yahoo.com/news/wisdomtree-announces-second-quarter-2012-113000214.html

[Penny Roger$]

~ $WETF ~ Earnings posted, pending or coming soon! In Charts and Links Below!

~ $WETF ~ Earnings expected on Monday *
This Week In Earnings: Earnings are coming or are already posted! This is what the charts look like! If you play the earnings these posts can be very helpful to you!
Want more like this? Search Keyword: MACMONEY >>> http://tinyurl.com/MACMONEY <<<
One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.








http://stockcharts.com/h-sc/ui?s=WETF&p=D&b=3&g=0&id=p88783918276&a=237480049




http://stockcharts.com/h-sc/ui?s=WETF&p=W&b=3&g=0&id=p54550695994



~ Barchart: http://barchart.com/quotes/stocks/WETF?
~ OTC Markets: http://www.otcmarkets.com/stock/WETF/company-info
~ Google Finance: http://www.google.com/finance?q=WETF
~ Google Fin Options: hhttp://www.google.com/finance/option_chain?q=WETF#
~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=WETF+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=WETF
Finviz: http://finviz.com/quote.ashx?t=WETF
~ BusyStock: http://busystock.com/i.php?s=WETF&v=2
~ CandlestickChart: http://www.candlestickchart.com/cgi/chart.cgi?symbol=WETF&exchange=US
~ Investorshub Trades: http://ih.advfn.com/p.php?pid=trades&symbol=WETF
~ Investorshub Board Search: http://investorshub.advfn.com/boards/getboards.aspx?searchstr=WETF
~ Investorshub PostStream Search: http://investorshub.advfn.com/boards/poststream.aspx?ticker=WETF
~ Investorshub Goodies Search: http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=18582&srchyr=2011&SearchStr=WETF
~ Investorshub Message Search: http://investorshub.advfn.com/boards/msgsearch.aspx?SearchStr=WETF
~ MarketWatch: http://www.marketwatch.com/investing/stock/WETF/profile
~ E-Zone Chart: http://www.windchart.com/ezone/signals/?symbol=WETF
~ 5-Min Wind: http://www.windchart.com/stockta/analysis?symbol=WETF
~ 10-Min Wind: http://www.windchart.com/stockta/analysis?symbol=WETF&size=l&frequency=10&color=g
~ 30-Min Wind: http://www.windchart.com/stockta/analysis?symbol=WETF&size=l&frequency=30&color=g
~ 60-Min Wind: http://www.windchart.com/stockta/analysis?symbol=WETF&size=l&frequency=60&color=g


http://investorshub.advfn.com/boards/post_prvt.aspx?user=251916

*If the earnings date is in error please ignore error. I do my best.

[Stock]

WETF charts

[Stock]

Short answer: NO.

[stockydude]

WisdomTree ETF AUM: $5,322,985,725.85 As of 10/19/2009

an attempt at getting this board rockin' again. WSDT has broken through some key resistance points in the last month. looks like a strong rally a'brewin'.

any thoughts?
s/d