Short answer
WisdomTree, Inc. (WT) filed its fiscal 2025 10-K annual report with the SEC on Feb 25, 2026. It reported revenue of $494M (+15.4% year over year) and net income of $109M.
- Top risk flagged: Regulatory risk from evolving U.S. and European digital asset regulations impacting "responsible DeFi" initiatives for tokenized products and stablecoins
FY2025 key financial metrics · XBRL
- Revenue
- $494M
- +15.4% YoY
- Net income
- $109M
- +63.6% YoY
- Operating margin
- 35.3%
- +3.2 pp YoY
- EPS (diluted)
- $0.75
- +127.3% YoY
- ROE
- 26.4%
- +9.7 pp YoY
- Operating cash flow
- $148M
- +30.4% YoY
Source: XBRL data from the WisdomTree, Inc. (WT) FY2025 10-K on SEC EDGAR. USD.
WisdomTree, Inc. FY2025 10-K analysis
AI summary of each section, grounded in the filing text
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
Generated from the filing text; verify against the original. How to read a 10-K
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