Filing Flows › WisdomTree (WT) › Q4 2025
WisdomTree (WT) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 25, 2026
WisdomTree (WT) reported revenue of $147M for the fourth quarter 2025 (Q4 2025), +33% from a year earlier and +17% from the quarter before. Operating margin was 40.5%, net earnings $40.0M (27.1% of revenue).
WisdomTree, Q4 2025: revenue $147M (+33% year over year), operating margin 40.5%, net earnings $40.0M, operating cash flow $54.7M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $147M | +17% | +33% |
| Operating profit | $59.7M | +31% | +71% |
| Net earnings | $40.0M | +103% | +47% |
| Operating cash flow | $54.7M | +14% | +58% |
| Free cash flow | $54.6M | +14% | +58% |
What changed
Revenue was $147.4M in Q4 2025, up 33% year over year and up 17% from the previous quarter.
Operating profit was $59.7M, a 40.5% margin (up 8.9 points year over year). Of the extra revenue versus a year earlier, 67% reached operating profit, above the 32% margin then. Total costs grew 16% against revenue growth of 33%. The fastest-growing cost line was Other operating costs (+23%). Net earnings were $40.0M, up 47% year over year. The effective tax rate was 20.7%.
Operating cash flow was $54.7M (up 58% year over year), 137% of net earnings. Non-cash charges added back $2.0M of depreciation and amortization and $5.0M of share-based compensation. Working capital and other items added $7.6M. Capital expenditures of $61K left free cash flow of $54.6M.
Questions
What was WisdomTree's revenue in the fourth quarter 2025?
WisdomTree (WT) reported revenue of $147M for the fourth quarter 2025 (Q4 2025), +33% from a year earlier and +17% from the quarter before.
Was WisdomTree profitable in the fourth quarter 2025?
Operating profit was $59.7M (40.5% of revenue) and net earnings $40.0M.
Source: WisdomTree 10-K on SEC EDGAR.