Filing Flows › WisdomTree (WT) › Q2 2025
WisdomTree (WT) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 6, 2025
WisdomTree (WT) reported revenue of $113M for the second quarter 2025 (Q2 2025), +5% from a year earlier and +4% from the quarter before. Operating margin was 30.8%, net earnings $24.8M (22.0% of revenue).
WisdomTree, Q2 2025: revenue $113M (+5% year over year), operating margin 30.8%, net earnings $24.8M, operating cash flow $38.8M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $113M | +4% | +5% |
| Operating profit | $34.6M | +1% | +3% |
| Net earnings | $24.8M | +0.6% | +14% |
| Operating cash flow | $38.8M | +509% | +20% |
| Free cash flow | $38.7M | +511% | +20% |
What changed
Revenue was $112.6M in Q2 2025, up 5% year over year and up 4% 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 $4.3M year over year (up 4%), 77% of the total change.
Operating profit was $34.6M, a 30.8% margin (down 0.6 points year over year). Of the extra revenue versus a year earlier, 20% reached operating profit, below the 31% margin then. Total costs grew 6% against revenue growth of 5%. Net earnings were $24.8M, up 14% year over year. The effective tax rate was 22.3%.
Operating cash flow was $38.8M (up 20% year over year), 157% of net earnings. Non-cash charges added back $580K of depreciation and amortization and $5.5M of share-based compensation. Working capital and other items added $7.9M. Capital expenditures of $86K left free cash flow of $38.7M.
Questions
What was WisdomTree's revenue in the second quarter 2025?
WisdomTree (WT) reported revenue of $113M for the second quarter 2025 (Q2 2025), +5% from a year earlier and +4% from the quarter before.
Was WisdomTree profitable in the second quarter 2025?
Operating profit was $34.6M (30.8% of revenue) and net earnings $24.8M.
Source: WisdomTree 10-Q on SEC EDGAR.