NASDAQ$WT

WisdomTree Investments Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

WisdomTree Investments Inc's first quarter results were announced, with diluted earnings per share reported at $0.09 ($0.08, as adjusted).

WisdomTree Investments Inc. reported strong Q1 2021 results, marked by a significant increase in net income and operating revenues. The company saw a rise in AUM and net inflows, driven by emerging markets equity products. Growth was also fueled by thematic products and expansion in operating margins.

  • Net income reached $15.1 million ($12.51 million, as adjusted).
  • Ending AUM increased to $69.5 billion, a 3.2% rise from net inflows and market appreciation.
  • Net inflows totaled $1.3 billion, driven by emerging markets equity products.
  • Operating revenues grew by 8.6% to $72.8 million due to higher average AUM and advisory fees.

Headline financials

Total Revenue

$72.8M

Previous: $63.9M+14.0%
EPS (adj)

$0.08

Previous: $0.07+14.3%
Ending AUM

$69.5B

Previous: $50.3B+38.2%
Operating Income Margin

25.5%

Previous: 24.5%+4.1%
Gross Margin

78.7%

Previous: 77.3%+1.8%
Capital Expenditures

-$103K

Previous: -$50K-106.0%
Free Cash Flow

$15M

Previous: -$8.69M+273.2%
Net Income

$15.1M

Previous: -$8.64M+275.4%
Operating Income

$18.6M

Previous: $15.6M+19.0%
Gross Profit

$72.8M

Previous: $63.9M+14.0%
Cash & Equivalents

$62.3M

Previous: $68.4M-9.0%
Total Assets

$885M

Previous: $887M-0.2%
Stock-Based Comp

$3.14M

Previous: $3.24M-3.0%

Revenue & EPS history

WisdomTree Investments Inc · Revenue · Quarterly

$72.8M

Q1 2021+14%vs Q1 2020
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

WisdomTree Investments Inc · $70.6M total across 1 segment · Q3 2022

  • Advisory Fees
    $70.6M-7.6%

Forward guidance

While the report does not explicitly offer forward guidance, the commentary from the CEO and COO suggests an expectation of continued growth, momentum, and strong execution. Focus remains on crypto asset space and blockchain initiatives.

Tailwinds

  • Continued growth and momentum in the business.
  • Strong execution and efficiency in operations.
  • Success in thematic products like cloud computing and AI.
  • Advancements in crypto asset and blockchain initiatives.
  • Expansion in European markets with new product listings.

Headwinds

  • No specific financial guidance provided.
  • Dependence on market conditions and investor sentiment.
  • Risks associated with international expansion.
  • Reliance on third-party service providers.
  • Potential impact of the COVID-19 pandemic.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

-0.9%

Avg return

Earnings day

-0.5%

Avg return

5 days after

+0.9%

Avg return

30 days after

44%

17 / 39 earnings

Positive

+9.0%

Q3 2018

Best reaction

-12.3%

Q4 2016

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.3%+12.1%+11.5%
Q4 2025-2.1%-1.9%+3.4%
Q3 2025-0.8%-2.2%-10.4%
Q1 2025+4.6%+6.3%+8.1%
Q4 2024-0.3%-1.0%-7.1%
Q3 2024+0.9%-0.7%+15.6%
Q2 2024+6.4%+9.3%-6.3%
Q1 2024-1.4%+2.1%+12.8%
Q4 2023+0.7%+1.9%+18.9%
Q3 2023-5.5%-4.6%+0.5%
Q2 2023-3.3%-5.3%+0.3%
Q1 2023+1.3%+2.1%+11.0%
Q4 2022-1.4%-0.5%+0.8%
Q3 2022+0.9%-1.1%-2.4%
Q2 2022-1.7%+3.2%-4.9%
Q1 2022-4.4%-3.8%-0.7%
Q4 2021-1.8%-1.6%+1.1%
Q3 2021+4.1%+9.3%+1.5%
Q2 2021-0.6%+3.2%+2.1%
Q1 2021+1.0%+4.2%-0.3%
Q4 2020-2.6%+0.5%-3.3%
Q3 2020+1.4%+5.0%+21.7%
Q2 2020+1.4%+5.4%+9.0%
Q1 2020-5.9%-10.2%-7.7%
Q4 2019+1.2%+7.2%-2.4%
Q3 2019+8.2%+6.4%+0.8%
Q2 2019+0.2%-1.7%-21.2%
Q1 2019-2.6%-8.3%-19.8%
Q4 2018-10.1%-7.8%+19.3%
Q3 2018+9.0%+12.4%+7.2%
Q2 2018+1.3%-12.9%-13.1%
Q1 2018+5.4%+10.5%+14.0%
Q4 2017-7.4%-11.0%-16.5%
Q3 2017+2.5%+1.2%-1.1%
Q2 2017-2.7%-2.3%-11.7%
Q1 2017-0.2%-1.0%+13.0%
Q4 2016-12.3%-14.7%-9.7%
Q3 2016-7.5%-14.8%+12.8%
Q2 2016-10.7%-12.5%-11.0%
Q1 2016
Q4 2015
Q3 2015
Q2 2015
Q1 2015
Q4 2014
Q3 2014
Q2 2014
Q1 2014
Q4 2013
Q3 2013
Q2 2013
Q1 2013
Q4 2012
Q3 2012
Q1 2012
Q4 2011
Q4 2009
Q2 2011
Q3 2010
Q4 2010
Q2 2010
Q3 2011

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