WT · WisdomTree, Inc.

WisdomTree’s Q1 2026 results reflect strong organic growth amid strategic execution: $5.9 billion in net inflows and $152.6 billion ending AUM — up 5.6% quarter-over-quarter — drove an 8.2% increase in operating revenues to $159.5 million. However, GAAP net loss of $23.1 million ($0.17 diluted EPS) was heavily impacted by a $62.3 million non-recurring loss on extinguishment of convertible notes, comprising $16.9 million related to repurchasing $75.0 million of 2026 Notes and $45.4 million in inducement expense tied to repurchasing $275.0 million of 2029 Notes. Excluding these items, adjusted net income was $40.6 million ($0.27 diluted EPS), reflecting solid underlying profitability. Operating income margin declined 3.3 points year-over-year to 37.2% (39.3% adjusted), primarily due to seasonally higher compensation expenses and acquisition-related costs. The completion of the Atlantic House acquisition — a strategically aligned, London-based defined outcome and derivatives manager — meaningfully expands WisdomTree’s active ETF and model portfolio capabilities, particularly in Europe, and supports the planned launch of 15–20 new defined outcome ETFs over the next 18 months. With AUM now at $163.19 billion inclusive of Atlantic House and Ceres Partners, WisdomTree has accelerated its transition toward a diversified, multi-strategy, global asset manager. Management emphasized platform resilience and broad-based flows across geographies and asset classes, underscoring reduced reliance on any single product or theme. The $0.03 quarterly dividend reaffirms capital return discipline despite elevated investment activity.