Slide 1: Q2 2025 Results
Q2 2025 Results August 1, 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. These statements may include projections relating to our proposed acquisition of Ceres Partners, LLC,
Slide 3: Ceres Partners Acquisition: Executive Summary
Ceres Partners Acquisition: Executive Summary Benefits to WisdomTree & Stockholders Accretive Transaction That Target Over $750 Million of Adds Another Secular Accelerates Growth Over the Fundraising by Year-End 2030, Tailwind to WisdomTree’s Long-Run Doubling Ceres’ Base Fees From Growth Story — Ex
Slide 4: Ceres Partners & Farmland Overview
Ceres Partners & Farmland Overview 4
Slide 5: Farmland Offers Significant Risk-Adjusted Returns and Diversification Benefits
Farmland Offers Significant Risk-Adjusted Returns and Diversification Benefits 20-Year Risk/Return Analysis of Various Asset Classes 14% Equities 1 Historically Strong Returns with Low Volatility Average Annual Returns 12% Rowcrop 10% Farmland Gold REITs 8% Timber 6% 4% 2% Bonds Strong Income Genera
Slide 6: Farmland Offers Diversification and Drawdown Protection vs. Equities
Farmland Offers Diversification and Drawdown Protection vs. Equities 40% Dotcom Bubble Bust Global Financial Crisis Aggressive Rate Hiking Cycle 30% 20% 28% 10% 19% 17% 0% (10%) (18%) (20%) (44%) (46%) (30%) (40%) (50%) Q1 2000 - Q3 2002 Q3 2007 - Q1 2009 Q1 2022 - Q4 2022 NCREIF Commodity Cropland
Slide 7: Ceres Has a Strong Track Record and a Large Farmland Footprint
Ceres Has a Strong Track Record and a Large Farmland Footprint Ceres Partners – Key Highlights: Ceres’ Trailing Total Returns Outperforms the Index 18.00% • Founded in 2007 with current AUM of ~$1.85 billion 16.00% • Focus on U.S. Row Crop & Specialty Crop Farmland 14.00% • Currently own more than 5
Slide 8: WisdomTree + Ceres: Long-Term Growth Targets & Accretion
WisdomTree + Ceres: Long-Term Growth Targets & Accretion WisdomTree – Q2/25 Results 8
Slide 9: Summary Transaction Terms
Summary Transaction Terms WisdomTree agreed to purchase Ceres Partners, LLC, a leading manager of private real estate funds focused on U.S. farmland investments with approximately $1.85 billion in assets. Summary Deal Terms: • Consideration: i) $275 million in cash payable at closing, subject to cus
Slide 10: Illustrative Accretion and Other Financial Metrics
Illustrative Accretion and Other Financial Metrics ILLUSTRATIVE ACCRETION ANALYSIS REVENUE CAPTURE Q2 Annualized TTM 6/30 Acquisition Proforma Q2 2025 Q2 2025 2024 WisdomTree Multiple WisdomTree Ceres Partners Financing Results WisdomTree Multiple Annualized Ceres Proforma Operating Revenues: Operat
Slide 11: Growth Targets by Year-End 2030
Growth Targets by Year-End 2030 Targeting Over $750 million of Organic AUM into Expect the Targeted $750 million of Fundraising Farmland Strategies at 1% Base Fee + 20% Would Double Ceres’ Base Fee Revenue from Performance Fee rates Current Levels While Performance Fees Depend on Ceres Acquisition i
Slide 12: WisdomTree Q2 2025 Results
WisdomTree Q2 2025 Results WisdomTree – Q2/25 Results 12
Slide 13: Q2 Highlights
Q2 Highlights AUM + AUM and Net Flow Highlights: 126.1 128.6 + Record Global AUM of +$126.1b at June 30, 2025 112.6 115.8 109.7 109.8 • U.S.: $85.2b (Record) • Europe: $40.5b (Record) $ billions • Digital: $0.4b (Record) + Net inflows of $3.5b in Q2; $6.6b – YTD through June 30, 2025 • 12% annualize
Slide 14: Revenues and Earnings Results
Revenues and Earnings Results Adjusted revenues, income, operating margin, EPS Notable Items + Q2 adjusted revenues up (+4.2%) as compared to Q1 ‘25 due higher average AUM Adjusted Revenues 1 Adjusted Net Income (non-GAAP) 1 109.5 110.5 112.6 + Q2 adjusted revenues up (+5.2%) as compared to Q2 ‘24 d
Slide 15: 2025 Guidance Update
2025 Guidance Update Guidance Update YTD June Current Prior Category + Discretionary Spending (Fx impact): Monitoring foreign exchange headwinds as expenses of Actual Guidance Guidance international business are denominated primarily in euros and pound sterling. Adverse impact of ~$3M if today’s exc
Slide 16: 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 17: Expect Deepening Client Engagement will Drive Further AUM Growth in 2025
Expect Deepening Client Engagement will Drive Further AUM Growth in 2025 $130 $120 + In Q2 2025: $110 + WisdomTree accelerated AUM expansion to over $126 billion on the back $100 of both net inflows and positive market move $90 + Record AUM and strong organic growth in each of the U.S., Europe, and
Slide 18: 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 19: 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 $5.2b of A
Slide 20: 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 21: 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 22: 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 23: Digital Asset Metrics as of Q2 2025
Digital Asset Metrics as of Q2 2025 $350 million $4.3 million Total WisdomTree WisdomTree Tokenized AUM Prime AUM 10x Growth vs. year-end 2024 Another $165+ million in July 28,700 2,750 61 WisdomTree Prime WisdomTree Prime WisdomTree Prime Opened Accounts Funded Accounts Average Daily User Transacti
Slide 24: A Secular Shift Toward Tokenization is Underway and WisdomTree is a Leader
A Secular Shift Toward Tokenization is Underway and WisdomTree is a Leader + Tokenized real world assets (RWA) has Growth of Tokenized Real World Assets vs. ETFs Since First Inception ($ billion) grown from near zero in 2017 to ~$265 $10,000 billion in AUM today (mostly stablecoins) + Current estima
Slide 25: WisdomTree Stablecoin Strategy: Rails & Reserves for the Digital Economy
WisdomTree Stablecoin Strategy: Rails & Reserves for the Digital Economy Stablecoin Ecosystem Capital Markets for Tokenized Fund Dividends Onchain Treasury Stablecoin Tokenized RWA All AUM stays on WisdomTree’s platform Management Reserves USDW WTGXX U.S. Dollar Stablecoin Tokenized Money Market Tra
Slide 26: Key 2025 Themes
Key 2025 Themes Grow & Diversify Revenue Streams Disciplined Execution + Grow the number of WisdomTree clients and deepen engagement + Generated 73% y/y EPS growth in 2024 and +21% y/y EPS growth YTD in 2025 + Expand models and portfolio solutions footprint + Through July, WisdomTree now has 29 fund
Slide 27: Q&A
Q&A WisdomTree – Q2/25 Results 27
Slide 28: Appendix
Appendix WisdomTree – Q2/25 Results 28
Slide 29: AUM and Net Flows
AUM and Net Flows Quarterly ETP AUM Change Q2/25 Net Flows by Category ($ billions) ($ millions) 6.8 126.1 International Developed 1,645 3.5 U.S. Equity 1,288 115.8 Cryptocurrency 198 Alternatives 191 Fixed Income 146 Leveraged/Inverse 141 3/31/25 Net Market 6/30/25 Inflow Move Emerging Markets 28 C
Slide 30: Balance Sheet
Balance Sheet Balance Sheet YTD Change in Cash & Securities (1) ($ millions) June 30, Dec. 31, ($ millions) 2025 2024 Assets 7.5 Cash and financial instruments (1) $291.4 $266.6 45.2 Investments 13.8 8.9 (12.7) 291.4 (8.9) (4.0) Accounts receivable 43.1 44.9 (2.3) Deferred tax asset, net 6.1 11.7 26
Slide 31: 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 $150M Notes $26M
Slide 32: Consolidated Financial Results
Consolidated Financial Results 2024 2025 Q1 Q2 Q3 Q4 Q1 Q2 Revenues Advisory fees $ 92,501 $ 98,938 $101,659 $102,264 $ 99,549 $103,241 Other revenues 4,337 8,096 11,509 8,433 8,533 9,380 Total revenues 96,838 107,034 113,168 110,697 108,082 112,621 Expenses Compensation and benefits 31,054 30,790 2
Slide 33: Non-GAAP Financial Measurements
Non-GAAP Financial Measurements In an effort to provide additional information regarding our results as determined by GAAP, we also disclose certain non-GAAP information which we believe provides useful and meaningful information. Our management reviews these non-GAAP financial measurements when eva
Slide 34: Non-GAAP Reconciliation to GAAP Results
Non-GAAP Reconciliation to GAAP Results Three Months Ended Three Months Ended ($ in thousands) June 30 Mar. 31 Dec. 31 Sept. 30 June 30 ($ in thousands) June 30 Mar. 31 Dec. 31 Sept. 30 June 30 Unaudited 2025 2025 2024 2024 2024 Unaudited 2025 2025 2024 2024 2024 Adjusted net income and diluted earn
Slide 35: Reconciliation of US GAAP to Non-GAAP results – Q2 2025
Reconciliation of US GAAP to Non-GAAP results – Q2 2025 QTD June Acquisition Fx Remeasure Gain on Gain on Imputed DTA Val. Stock US GAAP Costs USD Securities Inv. Interest Allowance Windfalls Non-GAAP Revenues Advisory fees $ 103,241 $ - $ - $ - $ - $ - $ - $ - $ 103,241 Other income 9,380 - - - - -
Slide 36: Reconciliation of US GAAP to Non-GAAP results – YTD June 2025
Reconciliation of US GAAP to Non-GAAP results – YTD June 2025 YTD June Acquisition Fx Remeasure Gain on Gain on Imputed DTA Val. Stock US GAAP Costs USD Securities Inv. Interest Allowance Windfalls Non-GAAP Revenues Advisory fees $ 202,790 $ - $ - $ - $ - $ - $ - $ - $ 202,790 Other income 17,913 -
Slide 37: Thank you.
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