NASDAQ$WT

WisdomTree Investments Inc · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

WisdomTree Investments Inc. reported a diluted loss per share of ($0.09) and earnings per share of $0.05, as adjusted.

WisdomTree Investments Inc. reported a net loss of $13.3 million, or a net income of $8.51 million as adjusted. The company experienced a recovery of AUM driven by market appreciation, resulting in a 14.6% increase. Operating revenues decreased by 9.0% primarily due to lower average AUM and a lower average global advisory fee.

  • Assets under management rebounded, resulting in revenue tailwinds.
  • The global WisdomTree team has remained focused and demonstrated strong execution.
  • Significant cost efficiencies were realized, some of which should prove sustainable.
  • Debt was successfully refinanced, 6.7 million shares were repurchased, and financial flexibility was improved.

Headline financials

Total Revenue

$58.1M

Previous: $66.3M-12.3%
EPS (adj)

$0.05

Previous: $0.05+0.0%
Assets under management

$57.6B

Previous: $60.4B-4.6%
Net inflows

$100M

Previous: $300M-66.7%
Operating Income Margin

20.3%

Previous: 18.0%+12.8%
Gross Margin

75.1%

No prior period
Capital Expenditures

-$224K

Previous: -$15K-1393.3%
Free Cash Flow

-$13.5M

Previous: $2.46M-646.8%
Net Income

-$13.3M

Previous: $2.48M-634.5%
Operating Income

$11.8M

Previous: $11.9M-1.0%
Gross Profit

$58.1M

Previous: $50.7M+14.6%
Cash & Equivalents

$50.3M

Previous: $79.6M-36.9%
Total Assets

$849M

Previous: $955M-11.1%
Stock-Based Comp

$2.92M

Previous: $3.14M-6.9%

Revenue & EPS history

WisdomTree Investments Inc · Revenue · Quarterly

$58.1M

Q2 2020-12.3%vs Q2 2019
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

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

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

Forward guidance

The company did not provide specific forward guidance, but the CEO mentioned momentum in important lead indicators and being well-positioned for growth.

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 Q2 2020

Historical avgQ2 2020

-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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