WisdomTree, Inc. WT
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.
beyond our core ETP business. We offer next-generation digital products and services related to tokenized real world assets and stablecoins,
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $493.8M | $427.7M | $349.0M | $301.3M | $304.3M | — | — | $274.1M | $226.7M | $218.2M |
| Cost of revenue | — | — | — | — | — | — | — | $56.7M | $42.1M | $41.1M |
| Gross profit | — | — | — | — | — | — | — | $217.4M | $184.5M | $177.1M |
| SG&A | $89.1M | $84.0M | $71.3M | $64.8M | — | — | — | — | — | — |
| Total operating expenses | $319.6M | $290.4M | $261.5M | $241.3M | $215.3M | $194.8M | $213.0M | $212.8M | $179.2M | $155.5M |
| Operating income | $174.2M | $137.3M | $87.5M | $60.1M | $89.1M | $55.1M | $53.5M | $61.3M | $49.1M | $63.5M |
| Interest expense | $30.4M | $18.9M | $15.2M | $14.9M | $12.3M | $9.7M | $11.2M | $8.0M | — | — |
| Pre-tax income | $142.2M | $95.4M | $119.0M | $40.0M | $56.7M | -$35.2M | $121.0K | $51.0M | $58.2M | $55.6M |
| Income tax | $33.1M | $28.7M | $16.5M | $10.7M | $6.9M | $433.0K | $10.5M | $14.4M | $31.0M | $29.4M |
| Net income | $113.0M | $66.7M | $102.5M | $50.7M | $49.8M | -$35.7M | -$10.4M | $36.6M | $27.2M | $26.2M |
| EPS, basic | 0.77 | 0.34 | 0.66 | 0.31 | 0.31 | -0.25 | -0.08 | 0.23 | 0.20 | 0.19 |
| EPS, diluted | 0.75 | 0.33 | 0.64 | 0.31 | 0.31 | -0.25 | -0.08 | 0.23 | 0.20 | 0.19 |
| Shares, diluted (wtd. avg.) | $144.9M | $158.8M | $170.4M | $158.9K | $161.3K | $148.7M | $151.8M | $158.4M | $136.0M | $135.5M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $311.7M | $181.2M | $129.3M | $132.1M | $140.7M | $73.4M | $75.0M | $77.8M | $54.2M | $92.7M |
| Receivables | $64.5M | $44.9M | $35.5M | $30.5M | $31.9M | $29.5M | $26.8M | $25.8M | $21.3M | $17.7M |
| Total current assets | $492.4M | $318.4M | $229.8M | $294.0M | $304.0M | $141.9M | $123.1M | $118.3M | $154.3M | $177.2M |
| Property, plant and equipment | $431.0K | $336.0K | $427.0K | $544.0K | $557.0K | $7.6M | $8.1M | $9.1M | $10.7M | $11.7M |
| Goodwill | $228.6M | $86.8M | $86.8M | $85.9M | $85.9M | $85.9M | $85.9M | $85.9M | $1.8M | $1.8M |
| Other intangibles | $749.0M | $605.9M | $605.1M | $603.6M | — | — | — | — | — | — |
| Total assets | $1.51B | $1.03B | $944.1M | $1.03B | $1.04B | $896.7M | $935.2M | $937.5M | $255.0M | $249.8M |
| Total current liabilities | $282.1M | $109.2M | $103.2M | $148.4M | $83.7M | $74.0M | $79.0M | $62.8M | $57.3M | $43.5M |
| Long-term debt | — | — | — | $321.2M | $318.6M | $166.6M | $176.0M | $194.6M | — | — |
| Total liabilities | $1.10B | $633.6M | $402.4M | $595.6M | $635.9M | $497.9M | $465.2M | $446.6M | $62.0M | $48.4M |
| Retained earnings | $220.8M | $129.8M | $95.7M | $13.7M | -$22.4M | $616.0K | -$17.7M | -$7.3M | -$24.7M | -$24.7M |
| Total equity | $413.7M | $400.0M | $409.1M | $305.6M | $269.4M | $266.3M | $337.4M | $358.3M | $193.0M | $201.3M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $147.9M | $113.5M | $85.6M | $55.1M | $75.3M | $47.1M | $57.5M | $37.5M | $48.5M | $54.9M |
| Stock-based compensation | $21.6M | $20.7M | $16.2M | $10.4M | $10.0M | $11.7M | $11.6M | $13.3M | $14.7M | $14.9M |
| Capital expenditure | $215.0K | $141.0K | $113.0K | $220.0K | $293.0K | $472.0K | $47.0K | $71.0K | $295.0K | $1.1M |
| Investing cash flow | -$313.0M | -$23.9M | $82.0M | -$37.7M | -$99.6M | $10.6M | -$17.7M | -$181.8M | -$37.0M | -$89.3M |
| Financing cash flow | $289.8M | -$36.0M | -$171.6M | -$22.8M | $92.6M | -$60.2M | -$43.6M | $169.2M | -$51.1M | -$82.8M |
| Dividends paid | $17.3M | $19.0M | $20.1M | $19.4M | $19.5M | $20.1M | $20.4M | $19.2M | $43.8M | $43.7M |
| Buybacks | $102.7M | $62.9M | $3.6M | $3.4M | $34.5M | $31.2M | $2.3M | $2.9M | $7.9M | $39.4M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001214659-26-005251.
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