Slide 1: Q3 2025 Results
Q3 2025 Results October 31, 2025 WisdomTree – Q2/25 Results 1
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation contains forward-looking statements that are based on our management’s beliefs and assumptions and on information currently available to our management. Although we believe that the expectations reflected in these forward-looking statements are reasonable
Slide 3: Q3 Highlights
Q3 Highlights + AUM and Net Flow Highlights: AUM + Record Global AUM of +$137.2b at Sept. 30, 2025 137.2 138.5 • U.S.: $88.3b (Record) 126.1 112.6 115.8 • Europe: $48.2b (Record) 109.8 • Digital: $0.6b $ billions + Net inflows of $2.2b in Q3; $8.8b – YTD through Sept. 30, 2025 • 11% annualized organ
Slide 4: Revenues and Earnings Results
Revenues and Earnings Results Adjusted revenues, income, operating margin, EPS Notable Items 1 + Q3 adjusted revenues up (+11.5%) as compared to Q2 ‘25 due to higher average AUM 1 Adjusted Revenues Adjusted Net Income (non-GAAP) and higher other revenues 125.6 + Q3 other revenues (Q3) of $11.1 milli
Slide 5: 2025 Guidance Update
2025 Guidance Update Current Prior Guidance Update Category Actual Guidance Guidance + Gross Margin of 82.2% in Q3, ~100 basis points higher versus Q2 due to higher average AUM. Anticipating gross margin of ~83% in Q4, inclusive of Ceres acquisition impact. Full year gross margin Full Year: Comp. to
Slide 6: WisdomTree's Growth Algorithm
WisdomTree’s Growth Algorithm Ongoing inflow momentum Add ‘stickier’ inflows from as AUM is levered to attractive expanding and deepening investment themes managed model relationships Early mover into tokenization Tap into scale benefits as AUM charts a course for accelerated and revenue growth expa
Slide 7: Expect Deepening Client Engagement will Drive Further AUM Growth in 2025
Expect Deepening Client Engagement will Drive Further AUM Growth in 2025 $150 $140 $130 + In Q3 2025: $120 + WisdomTree accelerated AUM expansion to over $137 billion on the back $110 of both net inflows and positive market move $100 + Record AUM and strong organic growth in each of the U.S., Europe
Slide 8: WisdomTree Portfolio Solutions Distribution Strategy
WisdomTree Portfolio Solutions Distribution Strategy + WisdomTree’s ability to deliver strong model performance and asset growth allows the firm to WisdomTree has a barbell approach to portfolio solutions distribution navigate rigorous selection processes at some of the leading wealth management fir
Slide 9: Penetrate Accessible Market to Grow in Model AUA and Model Users in 2025
Penetrate Accessible Market to Grow in Model AUA and Model Users in 2025 Target 35% to 40% Expansion in Model Assets Under Advisement Target 25% to 30% Growth in Model Users (AUA, $ billion) 3,250 $5.2 2,580 $3.8 2,000 $3.1 $2.2 985 2022 2023 2024 2025 2022 2023 2024 2025 Goal Goal + Over $5.85b of
Slide 10: Through the Cycle, Organic Growth Accelerates Scale and Expands Operating Margins
Through the Cycle, Organic Growth Accelerates Scale and Expands Operating Margins Illustrative annual AUM and revenue growth algorithm over the long run Organic growth Market return AUM and revenue growth 5%-10% 5%-10% 10%-20% Illustrative margin outlook from scaling AUM and revenues YTD 2025 adjust
Slide 11: The WisdomTree Digital Assets Platform
The WisdomTree Digital Assets Platform Direct to Retail Direct to Business WisdomTree Prime WisdomTree Connect + Target Audience: U.S. Retail Investors + Target Audience: B2B & B2B2C, Institutions + Delivery: Mobile App + Available to select global investors + Wallet Custody: WisdomTree managed wall
Slide 12: WisdomTree Digital Assets Current Product Pillars
WisdomTree Digital Assets Current Product Pillars Access & Services Exposures B2B(2C) Platform & Digital Funds Crypto Mainstream Retail Financial App: Asset Tokens Services: e.g. WT Government Adoption e.g. WisdomTree Gold Money Market Digital Tokens, ETPs and Token Fund (WTGXX) Indexes Create an ec
Slide 13: Digital Asset Metrics as of Q3 2025
Digital Asset Metrics as of Q3 2025 $592 million $5.2 million Total WisdomTree WisdomTree Tokenized AUM Prime AUM 19x Growth vs. year-end 2024 Another ~$60 million in October 30,205 2,630 47 WisdomTree Prime WisdomTree Prime WisdomTree Prime Opened Accounts Funded Accounts Average Daily User Transac
Slide 14: A Secular Shift Toward Tokenization is Underway and WisdomTree is a Leader
A Secular Shift Toward Tokenization is Underway and WisdomTree is a Leader + Tokenized real world assets (RWA) has Growth of Tokenized Real World Assets vs. ETFs Since First Inception ($ billion) grown from near zero in 2017 to over $290 $10,000 billion in AUM today (mostly stablecoins) + Current es
Slide 15: WisdomTree Stablecoin Strategy: Rails & Reserves for the Digital Economy
WisdomTree Stablecoin Strategy: Rails & Reserves for the Digital Economy Stablecoin Ecosystem Capital Markets for Tokenized Fund Dividends Onchain Treasury Stablecoin Tokenized RWA All AUM stays on WisdomTree’s platform Management Reserves USDW WTGXX U.S. Dollar Stablecoin Tokenized Money Market Tra
Slide 16: Key Themes
Key Themes Grow & Diversify Revenue Streams Disciplined Execution + Grow the number of WisdomTree clients and deepen engagement + Generated +28% y/y EPS growth in Q3 and +21% y/y EPS growth YTD in 2025 + Expand models and portfolio solutions footprint + Through October 2025, WisdomTree has 31 produc
Slide 17: Q&A
Q&A WisdomTree – Q3/25 Results 17
Slide 18: Appendix
Appendix WisdomTree – Q3/25 Results 18
Slide 19: Balance Sheet and AUM Update
Balance Sheet and AUM Update Balance Sheet ($ millions) Sept. 30, Dec. 31, 2025 2024 Quarterly ETP AUM Change Assets ($ billions) (1) $660.1 $266.6 8.9 137.2 Cash and financial instruments Investments 26.5 8.9 Accounts receivable 46.6 44.9 Deferred tax asset, net 8.0 11.7 Fixed assets, net 0.3 0.3 2
Slide 20: Convertible Notes – Illustrative Impact on Quarterly Diluted Shares
Convertible Notes – Illustrative Impact on Quarterly Diluted Shares Incremental shares issuable when conversion spread is positive are included in diluted EPS computation. Illustrative computation shown below assuming a $13.50 average stock price: Issued 2021 Issued 2023 Issued 2024 Issued 2025 $150
Slide 21: Consolidated Financial Results
Consolidated Financial Results 2024 2025 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Revenues Advisory fees $ 92,501 $ 98,938 $101,659 $102,264 $ 99,549 $103,241 $114,485 Other revenues 4,337 8,096 11,509 8,433 8,533 9,380 11,131 Total revenues 96,838 107,034 113,168 110,697 108,082 112,621 125,616 Expenses Compensation a
Slide 22: Non-GAAP Financial Measurements
Non-GAAP Financial Measurements In an effort to provide additional information regarding our results as determined by GAAP, we also disclose certain non-GAAP information which we believe provides useful and meaningful information. Our management reviews these non-GAAP financial measurements when eva
Slide 23: Non-GAAP Reconciliation to GAAP Results
Non-GAAP Reconciliation to GAAP Results Three Months Ended Three Months Ended ($ in thousands) Sept. 30 June 30 Mar. 31 Dec. 31 Sept. 30 ($ in thousands) Sept. 30 June 30 Mar. 31 Dec. 31 Sept. 30 Unaudited 2025 2025 2025 2024 2024 Unaudited 2025 2025 2025 2024 2024 Adjusted net income and diluted ea
Slide 24: Reconciliation of US GAAP to Non-GAAP results – Q3 2025
Reconciliation of US GAAP to Non-GAAP results – Q3 2025 QTD Sept Loss on Acquisition Gain on Loss on Imputed DTA Val. Stock US GAAP Extinguish Costs Securities Inv. Interest Allowance Windfalls Non-GAAP Revenues Advisory fees $ 114,485 $ - $ - $ - $ - $ - $ - $ - $ 114,485 Other income 11,131 - - -
Slide 25: Reconciliation of US GAAP to Non-GAAP results – YTD Sept. 2025
Reconciliation of US GAAP to Non-GAAP results – YTD Sept. 2025 YTD Sept. Loss on Acquisition Fx Remeasure Gain on Loss on Imputed DTA Val. Stock US GAAP Extinguish Costs USD Securities Inv. Interest Allowance Windfalls Non-GAAP Revenues Advisory fees $ 317,275 $ - $ - $ - $ - $ - $ - $ - $ - $ 317,2
Slide 26: Thank you.
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