Filing Flows › WisdomTree (WT) › Q1 2025
WisdomTree (WT) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 9, 2025
WisdomTree (WT) reported revenue of $108M for the first quarter 2025 (Q1 2025), +12% from a year earlier and -2% from the quarter before. Operating margin was 31.6%, net earnings $24.6M (22.8% of revenue).
WisdomTree, Q1 2025: revenue $108M (+12% year over year), operating margin 31.6%, net earnings $24.6M, operating cash flow $6.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $108M | -2% | +12% |
| Operating profit | $34.2M | -3% | +22% |
| Net earnings | $24.6M | -10% | +11% |
| Operating cash flow | $6.4M | -82% | — |
| Free cash flow | $6.3M | -82% | — |
What changed
Revenue was $108.1M in Q1 2025, up 12% year over year and down 2% from the previous quarter. Investment Advisory, Management and Administrative Service was the largest line at 92% of revenue. Investment Advisory, Management and Administrative Service added $7.0M year over year (up 8%), 63% of the total change.
Operating profit was $34.2M, a 31.6% margin (up 2.7 points year over year). Of the extra revenue versus a year earlier, 55% reached operating profit, above the 29% margin then. Total costs grew 7% against revenue growth of 12%. Net earnings were $24.6M, up 11% year over year. The effective tax rate was 18.9%.
Operating cash flow was $6.4M, 26% of net earnings. Non-cash charges added back $540K of depreciation and amortization and $6.2M of share-based compensation. Working capital and other items used $25.0M. Capital expenditures of $31K left free cash flow of $6.3M.
Questions
What was WisdomTree's revenue in the first quarter 2025?
WisdomTree (WT) reported revenue of $108M for the first quarter 2025 (Q1 2025), +12% from a year earlier and -2% from the quarter before.
Was WisdomTree profitable in the first quarter 2025?
Operating profit was $34.2M (31.6% of revenue) and net earnings $24.6M.
Source: WisdomTree 10-Q on SEC EDGAR.