WisdomTree
WTNYSEUSD
- Source valuation snapshot. Not a live recalculation.
- Latest filed annual earnings; price snapshot date unavailable. Not forward P/E.
- Diluted earnings per share from the latest filed annual.
- $20.77 Prior regular-session close from the quote source.
- $20.78–$21.56 Regular-session low and high so far today.
- 2.2M Regular-session shares traded · Nov 11, 4:00 PM ET.
- Jan 29 projected Projected for 2027-01-29 from the company’s own results filings (SEC 8-K Item 2.02). The company has not confirmed the date.
- $10.69–$25.91 52-week trading low and high returned by the quote source.
Understand the Business
Why the Stock Moved
Period-matched expectations history is not yet available. Current metrics are not a substitute for a historical explanation.
The core investment thesis
Own WT if its differentiated ETP franchise keeps winning advisor and institutional assets while newer models, private-market and digital-asset products add growth without forcing the company into industry-wide ETF fee compression.
WT price history
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Investment thesis
What must happen next
WisdomTree’s differentiated ETP lineup continues to solve advisor and investor demand for targeted exposures that are not fully satisfied by generic low-cost beta funds.StrengtheningMateriality: High
GAAP annual revenue increased from $304.3 million in FY2021 to $493.8 million in FY2025. If this holds, WisdomTree can keep growing recurring fee revenue; if it breaks, the company is exposed to asset outflows and fee cuts from larger ETF sponsors.
Watch: BlackRock iShares, Vanguard or State Street replicates WisdomTree’s differentiated exposures at materially lower fees.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
GAAP annual revenue increased from $304.3 million in FY2021 to $493.8 million in FY2025.
Open source ↗The ETF sponsor platform has operating leverage: once products and distribution are in place, incremental asset-based revenue should convert into disproportionate operating income unless fee pressure or reinvestment absorbs it.StrengtheningMateriality: High
GAAP annual operating income increased from $60.1 million in FY2022 to $174.2 million in FY2025. Operating leverage is the bridge from asset growth to owner value; without it, growth can be economically hollow.
Watch: Large ETF competitors force industry fee cuts or higher distribution payments that reduce WisdomTree’s revenue yield.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
GAAP annual operating income increased from $60.1 million in FY2022 to $174.2 million in FY2025.
Open source ↗WisdomTree can fund product development, distribution and shareholder returns from internally generated cash rather than relying on dilutive or balance-sheet-stressing capital.StrengtheningMateriality: Medium
GAAP annual operating cash flow rose from $55.1 million in FY2022 to $147.9 million in FY2025. Cash self-funding lets growth accrue to shareholders; if growth requires heavy external capital, per-share value creation weakens.
Watch: Persistent product outflows require elevated seed capital, marketing support or fee waivers to defend shelf space.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
GAAP annual operating cash flow rose from $55.1 million in FY2022 to $147.9 million in FY2025.
Open source ↗Models and solutions, private-market investments and digital-asset-related products expand WisdomTree’s growth runway beyond traditional ETP fee pools, provided they gain distribution without undermining margins.HoldingMateriality: Medium
The company describes its offering as including ETPs, models and solutions, private market investments and digital asset-related products. Successful adjacencies would make WisdomTree less dependent on mature ETF categories; failure would leave it more exposed to scale-based fee competition.
Watch: Advisor platforms choose in-house or third-party model portfolios from larger asset managers instead of WisdomTree models.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
The company describes its offering as including ETPs, models and solutions, private market investments and digital asset-related products.
Open source ↗Management converts business growth into per-share value only if it avoids dilution and capital-allocation mistakes while scaling earnings.StrengtheningMateriality: Medium
GAAP diluted EPS increased from $0.31 in FY2021 to $0.75 in FY2025. Owners are paid in per-share compounding, not company-level growth; dilution or poor acquisitions could offset operating progress.
Watch: Equity-funded acquisitions or stock compensation materially dilute shareholders.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
GAAP diluted EPS increased from $0.31 in FY2021 to $0.75 in FY2025.
Open source ↗
Full investment case & evidence
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Original research
WisdomTree’s differentiated ETP lineup continues to solve advisor and investor demand for targeted exposures that are not fully satisfied by generic low-cost beta funds. If this holds, WisdomTree can keep growing recurring fee revenue; if it breaks, the company is exposed to asset outflows and fee cuts from larger ETF sponsors.
The ETF sponsor platform has operating leverage: once products and distribution are in place, incremental asset-based revenue should convert into disproportionate operating income unless fee pressure or reinvestment absorbs it. Operating leverage is the bridge from asset growth to owner value; without it, growth can be economically hollow.
WisdomTree can fund product development, distribution and shareholder returns from internally generated cash rather than relying on dilutive or balance-sheet-stressing capital. Cash self-funding lets growth accrue to shareholders; if growth requires heavy external capital, per-share value creation weakens.
Models and solutions, private-market investments and digital-asset-related products expand WisdomTree’s growth runway beyond traditional ETP fee pools, provided they gain distribution without undermining margins. Successful adjacencies would make WisdomTree less dependent on mature ETF categories; failure would leave it more exposed to scale-based fee competition.
Management converts business growth into per-share value only if it avoids dilution and capital-allocation mistakes while scaling earnings. Owners are paid in per-share compounding, not company-level growth; dilution or poor acquisitions could offset operating progress.
All standing thesis claims
Original report summary
its differentiated ETP franchise keeps winning advisor and institutional assets while newer models, private-market and digital-asset products add growth without forcing the company into industry-wide ETF fee compression.
Bull case and bear case
Bull case and bear case for WisdomTree
Where the evidence on WisdomTree stands: Holding on the latest evidence (Oct 16, 2026). Of its 5 thesis points, 4 strengthening and 1 holding.
Bull case: what the evidence supports
WisdomTree’s differentiated ETP lineup continues to solve advisor and investor demand for targeted exposures that are not fully satisfied by generic low-cost beta funds.
The ETF sponsor platform has operating leverage: once products and distribution are in place, incremental asset-based revenue should convert into disproportionate operating income unless fee pressure or reinvestment absorbs it.
WisdomTree can fund product development, distribution and shareholder returns from internally generated cash rather than relying on dilutive or balance-sheet-stressing capital.
Models and solutions, private-market investments and digital-asset-related products expand WisdomTree’s growth runway beyond traditional ETP fee pools, provided they gain distribution without undermining margins.
Management converts business growth into per-share value only if it avoids dilution and capital-allocation mistakes while scaling earnings.
Bear case: what would count against it
BlackRock iShares, Vanguard or State Street replicates WisdomTree’s differentiated exposures at materially lower fees.
Large ETF competitors force industry fee cuts or higher distribution payments that reduce WisdomTree’s revenue yield.
Persistent product outflows require elevated seed capital, marketing support or fee waivers to defend shelf space.
Thesis-Break Engine
What has broken in WisdomTree’s thesis
Each break OptimistFi flagged on WisdomTree, dated — with what has historically followed the same kind of break across the market, not a forecast for WisdomTree.
- Sharp drawdowncondition set before this filing
Across all companies, this kind of break has happened 15,428 times before. Those stocks beat comparable companies by a median of 1% over the next six months, and 33% of them trailed it by 10 points or more.
MARKET + FINANCIAL SNAPSHOT
The numbers behind the thesis
What Changed
- MixedReported results of operations (earnings release).
WisdomTree filed an SEC 8-K on 2026-07-31: Reported results of operations (earnings release). It is a dated development that tests the current thesis.
- MixedOther material event.
WisdomTree filed an SEC 8-K on 2026-05-29: Other material event. It is a dated development that tests the current thesis.
- MixedCompleted an acquisition or disposition of assets.
WisdomTree filed an SEC 8-K on 2026-05-01: Completed an acquisition or disposition of assets. It is a dated development that tests the current thesis.
Risks / falsifiers
What could break the thesis
- BlackRock iShares, Vanguard or State Street replicates WisdomTree’s differentiated exposures at materially lower fees.
- Large ETF competitors force industry fee cuts or higher distribution payments that reduce WisdomTree’s revenue yield.
- Persistent product outflows require elevated seed capital, marketing support or fee waivers to defend shelf space.
- Advisor platforms choose in-house or third-party model portfolios from larger asset managers instead of WisdomTree models.
- Equity-funded acquisitions or stock compensation materially dilute shareholders.
WT news
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Financial statements
WT income statement
Annual filed results · USD · Oldest to newest. Margins are calculated from the reported figures.
WT: quick answers
- When does WisdomTree (WT) report earnings next?
- WisdomTree's next results are projected for January 29, 2027, from the dates of its own results filings with the SEC. The company has not confirmed the date. It last reported on October 30, 2026. Earnings calendar
- What is WT's short interest?
- As of October 30, 2026, 16.3M WT shares were sold short, 10.8% of its shares outstanding, up 6.6% from the count before. At the stock's average daily volume that is 8.0 days to cover. FINRA publishes the count twice a month. WT short interest history
- Have members of Congress traded WT?
- Reports made public in the last 90 days disclose 1 trade in WT by 1 filer: 0 purchases and 1 sale. They are filed under the STOCK Act by members of Congress, the President and senior officials. Every disclosed WT trade