WisdomTree, Inc. (WT) FY2025 10-K Annual Report
WisdomTree, Inc. (WT) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 25, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
WisdomTree, Inc. FY2025 10-K Analysis
Business Overview
- • Core business model: global asset manager specializing in exchange traded products (ETPs) with expanding offerings in private markets and digital asset-related products
- • New emphasis on digital assets including tokenized mutual funds ("Digital Funds"), blockchain wallet WisdomTree Prime, and institutional platform WisdomTree Connect
- • Strategic shift marked by acquisition of Ceres, adding $1.9B private assets AUM and expanding alternative farmland investment segment
- • Assets under management grew to $144.5B as of Dec 31, 2025; European listed ETPs AUM nearly doubled from $30.7B to $53.5B
- • Digital assets AUM launched and reached $0.8B from zero in 2024, largely driven by WisdomTree Treasury Money Market Digital Fund inflows
Management Discussion & Analysis
- • AUM $144.5B as of Dec 31, 2025; WisdomTree was 15th largest global ETP sponsor with $143B AUM
- • Digital Fund AUM grew from $12.0M to $733.3M in 2025, reflecting strong tokenized assets adoption
- • Ceres acquisition adds $1.9B farmland assets with 10.3% annualized net returns since inception
- • Repurchased over $165M common stock past two years; $6.1B Assets Under Advisement, up ~60% YoY
- • Outlook: Focus on scaling AUM, expanding digital asset/tokenization, advisor solutions growth, strategic capital deployment
Risk Factors
- • Regulatory risk from evolving U.S. and European digital asset regulations impacting "responsible DeFi" initiatives for tokenized products and stablecoins
- • Geopolitical exposure through $1.9B U.S. farmland private assets acquired via Ceres, subject to U.S. agricultural policy and market conditions
- • Operational reliance on The Bank of New York Mellon as core BaaS provider for WisdomTree Prime digital wallet integration
- • Competitive threat from Korea Investment Management’s KIM ACE ETFs using licensed WisdomTree indexes in Korea market expansion
- • Financial leverage with $475M 4.625% convertible notes due 2030 issued for Ceres acquisition, amid $40M projected 2026 interest expenses
WisdomTree, Inc. FY2025 Key Financial MetricsXBRL
Revenue
$494M
▲ +15.4% YoY
Net Income
$109M
▲ +63.6% YoY
Operating Margin
35.3%
▲ +318bp YoY
Net Margin
22.1%
▲ +651bp YoY
ROE
26.4%
▲ +971bp YoY
Total Assets
$1.5B
▲ +46.4% YoY
EPS (Diluted)
$0.75
▲ +127.3% YoY
Operating Cash Flow
$148M
▲ +30.4% YoY
Source: XBRL data from WisdomTree, Inc. FY2025 10-K filing on SEC EDGAR. All figures in USD.
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