Business
WisdomTree Announces First Quarter 2026 Results
NEW YORK, May 01, 2026--WisdomTree, Inc. (NYSE: WT), a global financial innovator, today reported financial results for the first quarter of 2026.
About this update from Wisdomtree, Inc.
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(NYSE: WT), a global financial innovator, today reported financial results for the first quarter of 2026.","length":163,"tagName":"p"},{"type":"text","content":" ($23.1) million of net loss ($40.6 (1) million of net income, as adjusted), including a loss on extinguishment of convertible notes of $62.3 million, comprised of a loss on extinguishment of $16.9 million associated with the repurchase of $75.0 million in aggregate principal amount of our 3.25% convertible senior notes due 2026 (the "2026 Notes") and a $45.4 million inducement expense related to the repurchase of $275.0 million in aggregate principal amount of our 3.25% convertible senior notes due 2029 (the "2029 Notes"). See "Non-GAAP Financial Measurements" for additional information.","length":623,"tagName":"p"},{"type":"text","content":" $152.6 billion of ending AUM , an increase of 5.6% from the prior quarter arising primarily from net inflows and market appreciation.","length":132,"tagName":"p"},{"type":"text","content":" $5.9 billion of net inflows , primarily driven by inflows into our international developed equity, fixed income and leveraged and inverse products across the United States and Europe.","length":182,"tagName":"p"},{"type":"text","content":" 0.36% average advisory fee , a 1 basis point increase from the prior quarter.","length":76,"tagName":"p"},{"type":"text","content":" 0.42% revenue yield (2) , unchanged from the prior quarter.","length":57,"tagName":"p"},{"type":"text","content":" $159.5 million of operating revenues , an increase of 8.2% from the prior quarter due to higher average AUM and higher other revenues attributable to our European listed exchange-traded products ("ETPs").","length":213,"tagName":"p"},{"type":"text","content":" 84.4% gross margin (1) , a 1.2 point increase from the prior quarter primarily due to higher revenues.","length":100,"tagName":"p"},{"type":"text","content":" 37.2% operating income margin (39.3% (1) as adjusted) , a 3.3 point decrease (2.4 point decrease, as adjusted) from the prior quarter primarily due to seasonally higher compensation expense.","length":188,"tagName":"p"},{"type":"text","content":" $603.75 million issuance of convertible senior notes due 2031 (the "2031 Notes"), bearing interest at a rate of 4.50% and issued with a conversion price of $21.58 per share. Concurrent with the issuance of the 2031 Notes, we completed separate, privately negotiated transactions with certain holders of our outstanding 2026 Notes (conversion price of $11.04 per share) to exchange $75.0 million in aggregate principal amount of the 2026 Notes for approximately 6.81 million shares of our common stock and with certain holders of our outstanding 2029 Notes (conversion price of $11.82 per share) to exchange $275.0 million in aggregate principal amount of the 2029 Notes for approximately $302.7 million in cash and approximately 4.19 million shares of common stock.","length":775,"tagName":"p"},{"type":"readMore"},{"type":"text","content":" $0.03 quarterly dividend declared , payable on May 27, 2026 to stockholders of record as of the close of business on May 13, 2026.","length":129,"tagName":"p"},{"type":"text","content":" Update from Jarrett Lilien, WisdomTree President and COO ","length":56,"tagName":"p","attribs":{}},{"type":"table","headerItems":[],"items":[{"val":[{"colspan":"1","rowspan":"1","style":"vertical-align:top;border-top:solid black 1.0pt;border-left:solid black 1.0pt;border-right:solid black 1.0pt;border-bottom:solid black 1.0pt;padding-left:5.0px;","val":[{"type":"text","content":""This was another quarter of consistent, broad-based execution, with nearly $6 billion of net inflows and continued momentum across the business. What stands out most is the quality and breadth of those flows, with clients engaging across asset classes, geographies and use cases. That speaks to the strength of our platform and our ability to generate growth across market environments. We are not reliant on any single product or theme – our business is becoming increasingly diversified, resilient and positioned to scale."","length":536,"tagName":"p","attribs":{}}]}]}],"length":536},{"type":"text","content":" Update from Jonathan Steinberg, WisdomTree CEO ","length":46,"tagName":"p","attribs":{}},{"type":"table","headerItems":[],"items":[{"val":[{"colspan":"1","rowspan":"1","style":"border-top:solid black 1.0pt;border-bottom:solid black 1.0pt;border-left:solid black 1.0pt;border-right:solid black 1.0pt;padding-left:5.0px;","val":[{"type":"text","content":""We delivered another quarter of strong execution in a volatile environment, reinforcing the strength of a business that is becoming more diversified, more durable and increasingly capable of compounding growth over time. Our strategy is centered on building a high-quality growth platform – combining organic momentum with disciplined, strategic acquisitions like Ceres Partners and Atlantic House that expand our capabilities, enhance our economics and accelerate our long-term trajectory. We believe this positions WisdomTree to deliver sustained growth, margin expansion and increasing earnings power."","length":616,"tagName":"p","attribs":{}}]}]}],"length":616},{"type":"text","content":" OPERATING AND FINANCIAL HIGHLIGHTS ","length":34,"tagName":"p"},{"type":"table","headerItems":[],"items":[{"val":[{"colspan":"1","rowspan":"1","style":"vertical-align:bottom;border-top:solid black 1.0pt;border-left:solid black 1.0pt;padding-left:0.0px;width:55%;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"colspan":"15","rowspan":"1","style":"vertical-align:bottom;border-top:solid black 1.0pt;border-right:solid black 1.0pt;padding-left:0.0px;border-bottom:solid black 1.0pt;","val":[{"type":"text","content":" Three Months Ended ","length":18,"tagName":"p","attribs":{}}]}]},{"val":[{"colspan":"1","rowspan":"1","style":"vertical-align:bottom;border-left:solid black 1.0pt;padding-left:0.0px;width:55%;","val":[{"type":"text","content":" 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concurrently repurchased $75.0 million in aggregate principal amount of our 2026 Notes for approximately 6.81 million shares of our common stock and $275.0 million in aggregate principal amount of our 2029 Notes for approximately $302.7 million in cash and approximately 4.19 million shares of our common stock, and used approximately $200.0 million of the proceeds to finance the Atlantic House acquisition. 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