NASDAQ$WT

WisdomTree Investments Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

WisdomTree's positive momentum continued through Q3 with another quarter of organic growth and strong execution.

WisdomTree Investments Inc. reported a net income of $5.8 million and adjusted net income of $16.31 million for Q3 2021. The company experienced $0.5 billion in net inflows, driven by international developed market equity and U.S. equity products, with operating revenues increasing by 3.1% to $78.1 million.

  • Ending AUM was $72.8 billion, reflecting a 1.6% decrease due to market depreciation, partially offset by net inflows.
  • Net inflows totaled $0.5 billion, driven by international developed market equity and U.S. equity products.
  • Average global advisory fee increased by 1 basis point to 0.41% due to AUM mix shift.
  • Operating revenues increased by 3.1% to $78.1 million due to higher average AUM and a higher average global advisory fee.

Headline financials

Total Revenue

$78.1M

Previous: $64.6M+20.8%
EPS (adj)

$0.10

Previous: $0.07+42.9%
Ending AUM

$72.8B

Previous: $60.7B+19.9%
Operating Income Margin

31.0%

No prior period
Gross Margin

80.6%

No prior period
Capital Expenditures

-$237K

Previous: -$292K+18.8%
Free Cash Flow

$5.6M

Previous: -$562K+1095.7%
Net Income

$5.83M

Previous: -$270K+2260.4%
Operating Income

$24.2M

Previous: $14.7M+64.2%
Gross Profit

$78.1M

Previous: $64.6M+20.8%
Cash & Equivalents

$128M

Previous: $63.6M+101.3%
Total Assets

$1.02B

Previous: $881M+15.6%
Stock-Based Comp

$2.4M

Previous: $2.84M-15.7%

Revenue & EPS history

WisdomTree Investments Inc · Revenue · Quarterly

$78.1M

Q3 2021+20.8%vs Q3 2020
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Revenue by segment

WisdomTree Investments Inc · $76.4M total across 1 segment · Q3 2021

  • Advisory Fees
    $76.4M

Forward guidance

Management expressed excitement about continuing to build on their strong results and executing well on all fronts.

Tailwinds

  • Continued strong execution and organic growth.
  • Nearly 13% year-to-date organic growth in the U.S. business.
  • Five straight quarters of inflows in the U.S.
  • Success in equities and fixed income, including the U.S. Efficient Core fund.
  • UCITS ETF franchise in Europe continues to gain traction.

Headwinds

  • No specific negative aspects were mentioned in the provided text.
  • No specific negative aspects were mentioned in the provided text.
  • No specific negative aspects were mentioned in the provided text.
  • No specific negative aspects were mentioned in the provided text.
  • No specific negative aspects were mentioned in the provided text.

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 Q3 2021

Historical avgQ3 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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