NASDAQ$WT

WisdomTree Investments Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

WisdomTree, Inc. reported financial results for Q4 2022, featuring record quarter-end AUM and significant net inflows.

WisdomTree, Inc. announced Q4 2022 results with a net loss of $28.3 million, or adjusted net income of $7.0 million. The company experienced record quarter-end AUM of $82.0 billion and net inflows of $5.3 billion, driven by fixed income, U.S. equity, and commodity products.

  • Record quarter-end AUM of $82.0 billion, marking a 15.7% increase due to market appreciation and net inflows.
  • Net inflows of $5.3 billion, the highest flowing quarter since 2015, primarily driven by fixed income, U.S. equity, and commodity products.
  • Operating revenues of $73.3 million, consistent with the previous quarter, as higher average AUM was offset by a decline in the average advisory fee.
  • Declared a quarterly dividend of $0.03 per share, payable on March 1, 2023.

Headline financials

Total Revenue

$73.3M

Previous: $79.2M-7.4%
EPS (adj)

$0.04

Previous: $0.10-60.0%
Average Advisory Fee

0.4%

Previous: 0.4%-10.0%
Average AUM

$77.7B

No prior period
Capital Expenditures

$9K

Previous: $56K-83.9%
Free Cash Flow

$12M

Previous: $25.2M-52.4%
Net Income

-$28.3M

Previous: $11.2M-352.9%
Operating Income

$11.7M

Previous: $22.6M-48.1%
Gross Profit

$73.3M

Previous: $63.8M+15.0%
Cash & Equivalents

$132M

Previous: $141M-6.1%
Total Assets

$1.03B

Previous: $1.04B-0.4%
Stock-Based Comp

$2.56M

Previous: $2.34M+9.7%

Revenue & EPS history

WisdomTree Investments Inc · Revenue · Quarterly

$73.3M

Q4 2022-7.4%vs Q4 2021
Beat estimate in 9 of 14 quarters(64%)
ActualEstimate

Revenue by segment

WisdomTree Investments Inc · $70.6M total across 1 segment · Q3 2022

  • Advisory Fees
    $70.6M-7.6%

Forward guidance

WisdomTree anticipates a strong 2023, driven by solid fund performance, growth in managed models, and the launch of WisdomTree Prime™ in Q2, aiming to integrate digital funds, real-world asset tokens, and financial activities.

Tailwinds

  • Solid fund performance and positioning.
  • Growth in managed models franchise.
  • Launch of WisdomTree Prime™ expected in Q2.
  • Platform to enable holistic portfolios from digital funds and real-world asset tokens.
  • Integration of saving, spending, and investing activities.

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 2022

Historical avgQ4 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
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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