WisdomTree, Inc., una firma de inversión que opera a través de sus subsidiarias, funciona principalmente como patrocinador y administrador de fondos cotizados ...
WisdomTree, Inc. (NYSE: WT), headquartered at 250 West 34th Street in New York City, is a global financial innovator with a primary focus on exchange-traded products (ETPs). Since its founding in 1985 as Financial Data Systems, Inc. by Jonathan Steinberg, the company has evolved into a leading asset manager. Under ...WisdomTree, Inc. (NYSE: WT), headquartered at 250 West 34th Street in New York City, is a global financial innovator with a primary focus on exchange-traded products (ETPs). Since its founding in 1985 as Financial Data Systems, Inc. by Jonathan Steinberg, the company has evolved into a leading asset manager. Under Steinberg's leadership as CEO, WisdomTree pioneered the concept of fundamentally weighted indexes, launching its first 20 ETFs in June 2006. As of January 2023, the firm offers 79 different ETFs in the U.S. and a vast array of ETPs in Europe, totaling over 269,000 products globally.
WisdomTree's business model centers on creating and managing ETFs across multiple asset classes, including equities, fixed income, currencies, and alternative investments. It differentiates itself through its proprietary index methodology, which emphasizes factors like dividends and earnings rather than traditional market capitalization. The company also generates revenue by licensing these indexes to external parties for use in their bespoke financial products. Additionally, WisdomTree provides a platform that facilitates the integration of its ETFs into 401(k) retirement plans, and offers specialized investment advisory services to institutional clients.
Financially, WisdomTree sports a market capitalization of approximately $3.25 billion and an enterprise value of $4.03 billion. With revenue per share of $4.25 and a net profit margin of 13.3%, the company maintains a strong gross profit margin of 71.8%. Its return on equity stands at 19.2%, indicating efficient use of shareholder capital. However, the company carries significant debt, with a debt-to-equity ratio of 2.58, which is typical for asset managers using leverage to enhance returns. Operating cash flow per share is a healthy $1.38, offering solid free cash flow yield of 6.1%.
Key people beyond CEO Jonathan Steinberg include the executive team that has driven its growth. The company employs around 360 full-time employees across the U.S., Europe, South America, and Israel, fostering a diverse and inclusive workforce. WisdomTree's strategic focus is on expanding its global footprint, innovating within the ETF space, and leveraging its index expertise to deliver transparent, cost-effective investment solutions. As it celebrates over two decades since its ETF launch, WisdomTree remains committed to challenging traditional finance norms and providing investors with better-structured access to markets.
Plutux no es un asesor de inversiones. Los datos de mercado y el análisis generado por IA son solo informativos y educativos, no asesoramiento de inversión. Aviso legal
InteranualYoY significa Year-over-Year (interanual). Compara el último valor anual con el valor anual anterior para mostrar la fortaleza de la tendencia a largo plazo.
TrimestralQoQ significa Quarter-over-Quarter (intertrimestral). Compara el último trimestre con el trimestre inmediatamente anterior para mostrar cambios de impulso a corto plazo.
IngresosEl dinero total que entró por la puerta principal al vender cosas, antes de pagar una sola factura. Piensa en esto como el gran total de cada compra con tarjeta de los clientes. (YoY compara el rendimiento de este año con el del año pasado, mientras que QoQ compara los tres meses actuales con los tres anteriores).
$493.8M
+15.4%
+11.1%
Beneficio netoEl resultado final absoluto. Si la empresa pagara a cada proveedor, empleado, banquero y recaudador de impuestos, este es el dinero real que queda en su bolsillo al final del día.
$109.1M
+63.6%
+291.4%
Margen brutoEl margen básico. Si venden unas zapatillas de 100 dólares, este porcentaje indica cuánto de ese precio es ganancia justo después de pagar el caucho y los cordones, pero antes de pagar el alquiler de la tienda o los anuncios de televisión.
+72.1%
+0.7%
-2.0%
Margen operativoLa puntuación de eficiencia del 'trabajo diario'. De cada dólar que gasta un cliente, esto muestra cuántos centavos mantiene la empresa después de fabricar el producto Y pagar todos los gastos generales corporativos (como salarios, marketing y mantener las luces encendidas).
+35.3%
+9.9%
+7.1%
Margen netoEl porcentaje final que se lleva a casa. Cuando se eliminan todos los costos concebibles, impuestos y pagos de intereses, este es el número exacto de centavos que la empresa realmente se queda de cada dólar en ventas.
+22.1%
+41.8%
+272.3%
Flujo de caja libreEl santo grial del efectivo corporativo. Es el dinero físico gastable que queda después de que el negocio paga sus operaciones diarias Y compra las actualizaciones grandes y costosas (como nuevas fábricas o servidores) que necesita para sobrevivir. Este es el dinero 'libre' que pueden usar para pagar dividendos o recomprar acciones.
$149.2M
+31.7%
+304.5%
Margen FCFLa tasa definitiva de conversión de efectivo. Muestra qué tan buena es la empresa para convertir ventas regulares directamente en efectivo frío, duro y gastable. Un porcentaje alto significa que el negocio es una auténtica máquina de imprimir dinero.
+30.2%
+14.1%
+264.1%
Deuda/PatrimonioEl indicador de riesgo financiero. Compara cuánto del imperio de la empresa se construyó con dinero prestado (préstamos) frente al dinero propio de los propietarios (accionistas). Un número alto significa que están muy apalancados y juegan un juego más arriesgado; un número bajo significa que juegan a lo seguro.
231.2%
+80.3%
+1.8%
Ratio corrienteLa verificación de supervivencia de 12 meses. Simplemente compara el efectivo que tienen ahora mismo (más cosas que pueden convertirse rápidamente en efectivo) con las facturas inmediatas que absolutamente deben pagar este año. Una puntuación superior a 1 significa que tienen suficiente en la billetera para cubrir las próximas facturas sin entrar en pánico.
1.75x
-40.1%
-67.0%
Activos totalesEl tamaño absoluto del imperio de la empresa. Agrupa absolutamente todo lo valioso que poseen, desde el efectivo en la caja registradora y el inventario en el almacén, hasta las patentes de software en la bóveda y las fábricas en el suelo.
Operator: Greetings, and welcome to the WisdomTree Second Quarter 2026 Earnings Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. As a reminder, this conference is being recorded. It is now my pleasure to introduce Jessica Zaloom, Head of Corporate Communications. Please go ahead.
Jessica Zaloom: Good morning. Before we begin, I would like to reference our legal disclaimer available in today's presentation. This presentation may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. A number of factors could cause actual results to differ materially from the results discussed in forward-looking statements, including, but not limited to, the risks set forth in this presentation, in the Risk Factors section of WisdomTree's Annual Report on Form 10-K for the year ended December 31, 2025, and in subsequent reports filed with or furnished to the Securities and Exchange Commission. WisdomTree assumes no duty and does not undertake to update any forward-looking statements. Now, it is my pleasure to turn the call over to WisdomTree's CFO, Bryan Joseph Edmiston.
Bryan Joseph Edmiston: Thank you, Jessica, and good morning, everyone. I will begin with a review of our second quarter results followed by updates to our forward-looking guidance before turning the call over to Jarrett and Jono for additional business updates. Our assets under management reached $162.9 billion at quarter end, marking our sixth consecutive quarter of record AUM. Assets increased 7% from March 31, driven by favorable market conditions, positive net inflows and the addition of Atlantic House, which closed on May 1. Record AUM was achieved across both our U.S. and European businesses, reflecting continued growth across our global platform. During the quarter, we generated $3.1 billion of net inflows, including $2.1 billion in Europe and $1 billion in the U.S. Year-to-date net inflows totaled $9 billion, representing annualized organic growth rate of approximately 13%. Flows were generated across a broad range of strategies and geographies, contributing to another quarter of strong organic growth. We also completed the acquisition of Atlantic House, adding more than $4 billion of assets under management along with complementary revenue streams. The acquisition expands our presence in Europe, enhances our capabilities and outcome-oriented and derivatives-based investment solutions, and provides additional avenues for growth across our international business. Alongside our growth initiatives, we continue to execute on our capital management priorities. During the quarter, we retired approximately $127 million principal amount of our convertible notes maturing in 2026 and 2029 using cash to reduce leverage and our capital structure. We also commenced open market share repurchases during the quarter and have repurchased approximately $29 million …
