Slide 1: Q4 2025 Results
Q4 2025 Results January 30, 2026 WisdomTree – Q4/25 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: Q4 Highlights
Q4 Highlights + AUM and Net Flow Highlights: + Record Global AUM of +$144.5b at Dec. 31, 2025 AUM • U.S.: $88.5 billion (Record) 160.8 • Europe: $53.5 billion (Record) 144.5 • Digital: $0.8 billion 137.2 126.1 • Privates: $1.9 billion 109.8 115.8 $ billions + Net outflows of -$0.3 billion in Q4; +$8
Slide 4: Revenues and Earnings Results
Revenues and Earnings Results Adjusted revenues, income, operating margin, EPS Operating margin expansion (as adjusted) 12 months ended Adjusted operating margins Adjusted Revenues 1 Adjusted Net Income (non-GAAP)1 Dec. 31, 2025 Dec. 31, 2024 Change 147.4 41.2 Adjusted operating revenues $493,753 $4
Slide 5: 2026 Guidance Update
2026 Guidance Update Guidance Update Category 2026 Guidance 2025 Actual + Compensation guidance contemplates new hires, year-end compensation adjustments and variability in incentive compensation Comp. to rev. ratio 26-28% 27.9% • Q1 seasonality: Compensation to revenue ratio estimated to be ~30% +
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 unique private assets footprint and revenue growth ex
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 + In 2025: $140 + WisdomTree expanded ETP & Tokenized AUM by $33 billion or ~30% on the $130 back of both net inflows and positive market move $120 + Added nearly $1.9 billion of private assets exposure with the Ceres $110
Slide 8: AUM is Balanced & Diversified
AUM is Balanced & Diversified Private Assets Other Commodities U.S. Equity Metals Equity $145 Billion International Developed Floating Rate Market Treasury Emerging Equity Market Equity Fixed Income & Currency Data as of 12/31/2025, see ir.wisdomtree.com for greater detail WisdomTree – Q4/25 Results
Slide 9: Continue to Accelerate Model AUA Growth in 2026 and Beyond
Continue to Accelerate Model AUA Growth in 2026 and Beyond + Portfolio Solutions models distribution strategy is twofold… Model Assets Under Advisement + Grow the number of advisors using WisdomTree model portfolios and continue at our large distribution partners (AUA, $ billion) $6.1 + Leverage our
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 2025 adjusted o
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 global institutional investors and platforms + Wallet Custody: Wi
Slide 12: Digital Asset Metrics as of Year-End 2025
Digital Asset Metrics as of Year-End 2025 $770 million Growth of Tokenized AUM ($ million) $1,000 $900 $800 Total WisdomTree Tokenized AUM $700 25x Growth vs. year-end 2024 $600 $500 $400 $300 3,500 $200 $100 $0 Jan-25 Feb-25 Mar-25 Apr-25 May-25 Jun-25 Jul-25 Aug-25 Sep-25 Oct-25 Nov-25 Dec-25 Tota
Slide 13: A Secular Shift Toward Tokenization is Underway and WisdomTree is a Leader
A Secular Shift Toward Tokenization is Underway and WisdomTree is a Leader + Tokenized real world assets (RWA) has Growth of Tokenized Real World Assets vs. ETFs Since First Inception ($ billion) grown from near zero in 2017 to over $320 billion in AUM today (mostly stablecoins) $12,000 + Current es
Slide 14: 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 16% 1 Historically Strong Returns with Low Volatility Average Annual Returns 12% Rowcrop Equities Gold Farmland 8% REITs Timber 4% Strong Income Generation, Targeting
Slide 15: 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 16.00% • Founded in 2007 with current AUM of ~$1.9 billion 14.00% • Focus on U.S. Row Crop & Specialty Crop Farmland • Generated ~8% annualized pace of
Slide 16: Key Themes
Key Themes Grow & Diversify Revenue Streams Disciplined Execution + Grow the number of WisdomTree clients and deepen engagement + Generated +71% y/y EPS growth in Q4 and +34% y/y EPS growth in 2025 + Expand models and portfolio solutions footprint + WisdomTree currently has 34 products with over $1
Slide 17: Q&A
Q&A WisdomTree – Q4/25 Results 17
Slide 18: Appendix
Appendix WisdomTree – Q4/25 Results 18
Slide 19: Balance Sheet and AUM Update
Balance Sheet and AUM Update Balance Sheet ($ millions) Dec.. 31, Dec. 31, 2025 2024 Quarterly ETP AUM Change Assets ($ billions) Cash and financial instruments (1) $418.8 $266.6 1.8 144.5 5.8 Investments 29.1 8.9 Accounts receivable 64.5 44.9 137.2 Deferred tax asset, net 9.8 11.7 (0.3) Fixed asset
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 $16.00 average stock price: Issued 2021 Issued 2024 Issued 2025 $150M Notes $345
Slide 21: Consolidated Financial Results
Consolidated Financial Results 2024 2025 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Revenues Advisory fees $ 92,501 $ 98,938 $101,659 $102,264 $ 99,549 $103,241 $114,485 $122,712 Management fees -- -- -- -- -- -- -- 4,908 Performance fees -- -- -- -- -- -- -- 7,105 Other revenues 4,337 8,096 11,509 8,433 8,533 9,380 1
Slide 22: Non-GAAP Financial Measurements
Non-GAAP Financial Measurements In an effort to provide additional information regarding our results as determined by GAAP, we also disclose certain non-GAAP information which we believe provides useful and meaningful information. Our management reviews these non-GAAP financial measurements when eva
Slide 23: Non-GAAP Reconciliation to GAAP Results
Non-GAAP Reconciliation to GAAP Results Three Months Ended ($ in thousands) Dec. 31 Sept. 30 June 30 Mar. 31 Dec. 31 ($ in thousands) Dec. 31 Sept. 30 June 30 Mar. 31 Dec. 31 Unaudited 2025 2025 2025 2025 2024 Unaudited 2025 2025 2025 2025 2024 Adjusted net income and diluted earnings per share: Adj
Slide 24: Reconciliation of US GAAP to Non-GAAP results – Q4 2025
Reconciliation of US GAAP to Non-GAAP results – Q4 2025 Intangible Remeasure QTD Dec Amortization Loss on Contingent Imputed Acquisition Fx Remeasure Gain on Loss on DTA Val. US GAAP Ceres Extinguish Consideration Interest Costs USD Inv. Securities Allowance Non-GAAP Revenues Advisory fees $ 122,712
Slide 25: Reconciliation of US GAAP to Non-GAAP results – YTD Dec. 2025
Reconciliation of US GAAP to Non-GAAP results – YTD Dec. 2025 Intangible Remeasure YTD Dec. Loss on Amortization Contingent Imputed Acquisition Fx Remeasure Gain on Gain on DTA Val. Stock US GAAP Extinguish Ceres Consideration Interest Costs USD Inv. Securities Allowance Windfalls Non-GAAP Revenues
Slide 26: Thank you.
<p WISDOMTREE’