NASDAQ$WT

WisdomTree Investments Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

WisdomTree Investments Inc. reported a diluted loss per share of ($0.10), or earnings per share of $0.06, as adjusted.

WisdomTree Investments, Inc. reported a net loss of $13.5 million for Q4 2020, or net income of $9.21 million as adjusted. The company's AUM ended the quarter at $67.4 billion, an 11.0% increase due to market appreciation and net inflows. Operating revenues increased by 3.7% to $67.1 million, primarily due to higher average AUM.

  • Ending AUM increased 11.0% to $67.4 billion.
  • Net inflows totaled $881 million, driven by emerging markets and U.S. equity products.
  • Operating revenues increased 3.7% to $67.1 million.
  • Declared a quarterly dividend of $0.03 per share.

Headline financials

Total Revenue

$67.1M

Previous: $68.9M-2.7%
EPS (adj)

$0.06

Previous: $0.06+0.0%
Ending AUM

$67.4B

Previous: $63.6B+6.0%
Net Outflows

$900M

Previous: $400M+125.0%
Operating Income Margin

19.2%

Previous: 21.5%-10.7%
Gross Margin

75.6%

No prior period
Capital Expenditures

$180K

Previous: $22K+718.2%
Free Cash Flow

$13.6M

No prior period
Net Income

-$13.5M

Previous: $4.26M-417.0%
Operating Income

$12.9M

Previous: $14.8M-12.8%
Gross Profit

$50.7M

No prior period
Cash & Equivalents

$73.4M

No prior period
Total Assets

$897M

No prior period
Stock-Based Comp

$2.7M

Previous: $3.01M-10.2%

Revenue & EPS history

WisdomTree Investments Inc · Revenue · Quarterly

$67.1M

Q4 2020-2.7%vs Q4 2019
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

WisdomTree is focused on digital assets initiatives and aims to launch new products later in the year. They have adapted to remote working, identified new efficiencies, and are well-positioned for growth with their dividend strategies, leadership in gold and commodities, crypto ETP offering, and ESG offerings.

Tailwinds

  • Leading European-listed Bitcoin ETP approaching an inflection point.
  • Building a profitable, fast-growing and complementary UCITS platform.
  • Achievement of true diversification, powered by a leadership position in gold.
  • Remote working has transformed the operating model, adding scalability.
  • Strong growth and momentum continuing into 2021 with a strong growth plan.

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 Q4 2020

Historical avgQ4 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
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
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Q4 2012
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Q4 2011
Q4 2009
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Q3 2010
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Q2 2010
Q3 2011

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