Filing Flows › WisdomTree (WT) › Q1 2026
WisdomTree (WT) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 6, 2026
WisdomTree (WT) reported revenue of $159M for the first quarter 2026 (Q1 2026), +48% from a year earlier and +8% from the quarter before. Operating margin was 37.2%, net loss $23.1M (14.5% of revenue).
WisdomTree, Q1 2026: revenue $159M (+48% year over year), operating margin 37.2%, net loss $23.1M, operating cash flow $18.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $159M | +8% | +48% |
| Operating profit | $59.4M | -0.7% | +74% |
| Net earnings | −$23.1M | -158% | -194% |
| Operating cash flow | $18.0M | -67% | +182% |
| Free cash flow | $17.9M | -67% | +183% |
What changed
Revenue was $159.5M in Q1 2026, up 48% year over year and up 8% from the previous quarter. Advisory fees was the largest line at 85% of revenue. Advisory fees added $35.3M year over year (up 35%), 69% of the total change.
Operating profit was $59.4M, a 37.2% margin (up 5.6 points year over year). Of the extra revenue versus Q1 2025, 49% reached operating profit, above the 32% margin then. Total costs grew 35% against revenue growth of 48%. The fastest-growing cost line was Other operating costs (+44%). The quarter ended with a net loss of $23.1M, after a profit of $40.0M the previous quarter. Net interest and other expense of $73.9M was the main reason.
Operating cash flow was $18.0M (up 182% year over year). Non-cash charges added back $2.1M of depreciation and amortization and $8.4M of share-based compensation. Working capital and other items added $30.6M. Capital expenditures of $28K left free cash flow of $17.9M.
Questions
What was WisdomTree's revenue in the first quarter 2026?
WisdomTree (WT) reported revenue of $159M for the first quarter 2026 (Q1 2026), +48% from a year earlier and +8% from the quarter before.
Was WisdomTree profitable in the first quarter 2026?
Operating profit was $59.4M (37.2% of revenue) and net loss $23.1M.
Source: WisdomTree 10-Q on SEC EDGAR.