NASDAQ$WT

WisdomTree Investments Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

WisdomTree Investments Inc. reported a net loss and a decrease in operating revenues due to fewer revenue days, but was partially offset by higher average AUM.

WisdomTree Investments Inc. reported a net loss of $10.3 million, or ($0.08) per share, and an adjusted net income of $14.1 million, or $0.09 per share. Operating revenues decreased by 1.0% to $78.4 million, primarily due to two fewer revenue days in the quarter, but this was partly offset by higher average AUM. The company's AUM increased by 2.5% to $79.4 billion, driven by net inflows and market appreciation.

  • Ending AUM increased by 2.5% to $79.4 billion due to net inflows and market appreciation.
  • Net inflows were $1.3 billion, driven by fixed income and U.S. equity products.
  • Operating revenues decreased by 1.0% to $78.4 million due to two fewer revenue days.
  • Diluted loss per share was ($0.08), while adjusted earnings per share was $0.09.

Headline financials

Total Revenue

$78.4M

Previous: $72.8M+7.6%
EPS (adj)

$0.09

Previous: $0.08+12.5%
Assets under management

$79.4B

Previous: $69.5B+14.2%
Average advisory fee

0.4%

No prior period
Operating Income Margin

22.6%

Previous: 25.5%-11.4%
Gross Margin

80.2%

Previous: 78.7%+1.9%
Capital Expenditures

-$54K

Previous: -$103K+47.6%
Free Cash Flow

-$10.3M

Previous: $15M-168.6%
Net Income

-$10.3M

Previous: $15.1M-167.7%
Operating Income

$17.7M

Previous: $18.6M-4.9%
Gross Profit

$78.4M

Previous: $72.8M+7.6%
Cash & Equivalents

$110M

Previous: $62.3M+77.2%
Total Assets

$1B

Previous: $885M+13.1%
Stock-Based Comp

$2.94M

Previous: $3.14M-6.6%

Revenue & EPS history

WisdomTree Investments Inc · Revenue · Quarterly

$78.4M

Q1 2022+7.6%vs Q1 2021
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Revenue by segment

WisdomTree Investments Inc · $113M total across 2 segments · Q2 2025

  • Advisory fees
    $103M—
  • Other revenues
    $9.38M—

Forward guidance

Management commentary suggests a positive outlook, focusing on continued growth and expansion into new areas like digital assets. However, the cautionary statement highlights various risks and uncertainties that could impact future results.

Tailwinds

  • Sixth consecutive quarter of organic growth.
  • Strong earnings results.
  • Record assets under management.
  • Managed model portfolios have grown into a WisdomTree success story.
  • Being a first mover in digital assets.

Headwinds

  • Adverse market developments arising from the COVID-19 pandemic.
  • Declining prices of securities, gold and other precious metals and other commodities.
  • Fluctuations in the amount and mix of our AUM.
  • Competitive pressures could reduce revenues and profit margins.
  • Actions of activist stockholders may be disruptive.

Historical earnings impact

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

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

-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
Q2 2025———
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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