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WisdomTree (WT) guidance and outlook
WisdomTree's 10-Q filed Nov 5, 2026 makes 15 forward-looking statements.
Guidance and outlook
Forward-looking statements, 10-Q filed Nov 5, 2026
- We believe tokenization and onchain finance will fundamentally change how financial assets are issued, distributed and traded.
- Our compensation to revenue ratio for the year ending December 31, 2026 is currently estimated to range from 26% to 28% (unchanged from our guidance provided last quarter) and takes into consideration the Atlantic House acquisition, planned hires as well as year-end compensation adjustments and the annualization of hires made during 2025.
- We currently estimate our discretionary spending for the year ending December 31, 2026 to range from $83.0 million to $87.0 million (as compared to the guidance range of $83.0 million to $89.0 million provided last quarter).
- For the year ending December 31, 2026, we currently estimate that our gross margin percentage will be 83% to 84% (unchanged from our guidance provided last quarter).
- We currently estimate third-party distribution expense to be approximately $21.0 million to $23.0 million for the year ending December 31, 2026 (as compared to the guidance range of $20.0 million to $24.0 million provided last quarter).
- We currently estimate our interest expense for the year ending December 31, 2026 to be $54.0 million (unchanged from our guidance provided last quarter) taking into consideration our current capital structure.
- This guidance is inclusive of approximately $0.9 million of interest cost we are required to impute under U.S.
- We currently estimate that our consolidated normalized effective tax rate will be approximately 23.0% to 24.0% for the year ending December 31, 2026 (unchanged from our guidance provided last quarter).
- This estimated rate may change and is dependent upon our actual taxable income earned in relation to our forecasts as well as any other items which may arise that are not currently forecasted.
- This guidance contemplates incremental shares associated with our Convertible Notes, assuming a stock price of $22.00 to $24.00 per share.
- Notwithstanding these regulatory capital requirements, we expect that our main uses of cash will be to fund the ongoing operations of our business.
- The results of our most recent analysis identified no indicators of impairment to be recognized based upon a quantitative assessment (discounted cash flow analysis) which relied upon significant unobservable inputs including projected revenue growth rates of 3.0% and a weighted average cost of capital of 9.0%.
WisdomTree's latest quarter
WisdomTree, Q3 2026: revenue $179M (+43% year over year), operating margin 41.3%, net earnings $49.2M, operating cash flow $59.7M. The chart follows the revenue to costs, profit and cash.
Questions
What does WisdomTree expect?
We believe tokenization and onchain finance will fundamentally change how financial assets are issued, distributed and traded. Our compensation to revenue ratio for the year ending December 31, 2026 is currently estimated to range from 26% to 28% (unchanged from our guidance provided last quarter) and takes into consideration the Atlantic House acquisition, planned hires as well as year-end compensation adjustments and the annualization of hires made during 2025. We currently estimate our discretionary spending for the year ending December 31, 2026 to range from $83.0 million to $87.0 million
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.