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A global asset manager that builds exchange-traded funds and other investment products spanning stocks, bonds, commodities, cryptocurrency, and private farmland. It began in 1985 as a financial magazine publisher, then rebranded as WisdomTree in 2005 to signal a shift into index-based investing. In 2006 it made history by launching twenty ETFs in a single day, the largest one-day listing by one issuer in the New York Stock Exchange's two-century history.
Operating income rose 107% to $71.8M as revenue climbed 57% on higher AUM and new private-asset fees.
The acquisition-driven transformation is now visible in the numbers. rose 57.3% to $177.2 million and more than doubled to $71.8 million, lifting to 40.5%, as average climbed 35% and newly acquired Ceres and Atlantic House businesses contributed management and performance fees. The company is now a multi-asset manager with a materially higher debt load, and the quarter's results show the new revenue base before any full-year contribution from the latest deal.
Key takeaways
rose 107.4% to $71.8 million, and widened 9.8 points to 40.5%, as from higher and acquired businesses grew faster than expenses.
rose 57.3% to $177.2 million, driven by a 34.9% increase in average to $154.7 billion, a higher of 0.36%, and new management and performance fees from the Ceres and Atlantic House acquisitions.
was $44.3 million, up 78.7% from $24.8 million a year earlier, with the comparison aided by the absence of the prior year's $2.0 million in Ceres acquisition costs.
Section summaries
Quantitative and Qualitative Disclosures About Market Risk
Revenue is tied to AUM, exposing the firm to equity, commodity, crypto, currency, and interest-rate fluctuations; hedging is minimal.
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Nearly all comes from advisory fees based on average or investor capital balances, so declines in securities, real assets, or crypto values directly reduce revenue.
The company holds $157.9 million in short-term corporate investments as of June 30, 2026, and recognized $2.9 million in gains during the quarter; future gains or losses could be material.
rose 94.6% to $75.5 million and rose 94.5% to $75.3 million, reflecting the higher and movements.
stood at $1,057.6 million, up from $364.1 million a year earlier, after the company issued $475 million of 2030 Notes in Q3 2025 and completed the Atlantic House acquisition in May 2026.
The company holds $157.9 million in short-term corporate investments that generated $2.9 million in gains during the quarter, introducing a new source of earnings variability tied to market fluctuations.
What changed
The , flagged in every prior filing as a metric to watch, rose to 0.36% from 0.35% a year ago, as the mix shift toward higher-fee private and fixed-income assets began to offset the long-running decline.
The Ceres acquisition, which closed October 1, 2025, contributed management and performance fees in the quarter, and the Atlantic House acquisition, completed May 1, 2026, added to the Private Assets base, confirming the diversification flagged as a watch item in FY2025.
, a persistent watch item, rose to $1,057.6 million from $364.1 million a year ago, as the $475 million 2030 Notes issuance and acquisition funding outweighed repurchases of 2026 and 2029 Notes.
The leveraged crude oil ETP investor claim, tracked across multiple filings, now totals approximately €15.2 million ($17.4 million), all resolved in the company's favor, with two portions under appeal.
What to watch
Whether the holds at or above 0.36% in Q3 FY2026 as the full-quarter contribution from Atlantic House and a full quarter of Ceres fees flow through.
The $1,057.6 million and any refinancing or of outstanding convertible notes, particularly with the 2026 maturity approaching.
The $157.9 million short-term corporate investment portfolio and whether gains or losses become a material income-statement item in future quarters.
Resolution of the two appealed portions of the leveraged crude oil ETP claim, which the company reports as resolved in its favor.
Convertible Notes carry fixed rates (3.25%–4.625%), so there is no direct income-statement interest-rate risk, but fluctuates with stock price and rate changes.
Non-U.S. operations, mainly in the U.K. and Europe, create because advisory fees are largely in U.S. dollars while overhead is in British pounds; no derivatives are currently used to hedge.
Advisory fees on gold, precious-metal, and cryptocurrency ETPs are sometimes paid in the underlying asset; the company does not hedge commodity or crypto price risk and may hold positions before selling.
We may be subject to reviews, inspections and investigations by federal regulators including, but not limited to, the SEC, Commodity Futures Trading Commission (CFTC), National Futures Association (NFA), Financial Industry Regulatory Authority (FINRA), state and foreign regulato…
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We may be subject to reviews, inspections and investigations by federal regulators including, but not limited to, the SEC, Commodity Futures Trading Commission (CFTC), National Futures Association (NFA), Financial Industry Regulatory Authority (FINRA), state and foreign regulators, as well as legal proceedings arising in the ordinary course of business. See Note 13 to our Consolidated Financial Statements for additional information regarding claims brought by investors in our WisdomTree WTI Crude Oil 3x Daily Leveraged ETP totaling approximately €15.2 million ($17.4 million), all of which have been resolved in our favor, of which two have been appealed.
You should carefully consider the information set forth in Part I, Item 1A. “Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended December 31, 2025.
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You should carefully consider the information set forth in Part I, Item 1A. “Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended December 31, 2025.