NASDAQ$WT

WisdomTree Investments Inc · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

WisdomTree Investments Inc. reported a diluted loss per share of ($0.01) and adjusted earnings per share of $0.07 for Q3 2020.

WisdomTree Investments reported mixed results for Q3 2020. While operating revenues increased by 11.2% to $64.6 million, the company experienced a net loss of $0.3 million, or a diluted loss per share of ($0.01). However, adjusted net income was $11.01 million, or $0.07 per diluted share. The company's ending AUM was $60.7 billion, up 5.3% from the prior quarter, though net outflows of $468 million were experienced.

  • Ending AUM reached $60.7 billion, a 5.3% increase primarily due to market appreciation.
  • Net outflows totaled $468 million, driven by commodity and international developed market equity products.
  • Operating revenues increased by 11.2% to $64.6 million due to higher average AUM and advisory fees.
  • The company declared a quarterly dividend of $0.03 per share.

Headline financials

Total Revenue

$64.6M

Previous: $67.7M-4.5%
EPS (adj)

$0.07

Previous: $0.06+16.7%
Assets under management

$60.7B

Previous: $60B+1.2%
Average advisory fee

0.4%

Previous: 0.4%-4.5%
Average AUM

$61.2B

Previous: $60.3B+1.5%
Capital Expenditures

-$292K

Previous: -$25K-1068.0%
Free Cash Flow

-$562K

Previous: $4.13M-113.6%
Net Income

-$270K

Previous: $4.15M-106.5%
Operating Income

$14.7M

Previous: $16.1M-8.6%
Gross Profit

$64.6M

Previous: $67.7M-4.5%
Cash & Equivalents

$63.6M

Previous: $88.6M-28.2%
Total Assets

$881M

Previous: $954M-7.6%
Stock-Based Comp

$2.84M

Previous: $2.37M+19.8%

Revenue & EPS history

WisdomTree Investments Inc · Revenue · Quarterly

$64.6M

Q3 2020-4.5%vs Q3 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

WisdomTree is pursuing a 'remote first' philosophy and plans to reduce office space globally, expecting meaningful cost savings.

Tailwinds

  • Restored momentum built prior to the pandemic
  • Steadfast focus on what we can control
  • Strong execution amid a highly volatile and unusual year
  • Important elements across our global franchise are starting to align
  • Excited about our growth outlook for the remainder of the year and into 2021

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 Q3 2020

Historical avgQ3 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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