WisdomTree | 10-Q: FY2025 Q2 Revenue Misses Estimate at USD 112.62 M

Revenue: As of FY2025 Q2, the actual value is USD 112.62 M, missing the estimate of USD 112.81 M.

EPS: As of FY2025 Q2, the actual value is USD 0.17, missing the estimate of USD 0.1775.

EBIT: As of FY2025 Q2, the actual value is USD 31.87 M.

Advisory Fees: $103.2 million for the three months ended June 30, 2025, compared to $98.9 million for the same period in 2024, representing a 4.3% increase.
Other Revenues: $9.4 million for the three months ended June 30, 2025, compared to $8.1 million for the same period in 2024, representing a 15.9% increase.
Total Operating Revenues: $112.6 million for the three months ended June 30, 2025, compared to $107.0 million for the same period in 2024, representing a 5.2% increase.

Compensation and Benefits: $32.8 million for the three months ended June 30, 2025, compared to $30.8 million for the same period in 2024, representing a 6.6% increase.
Fund Management and Administration: $21.3 million for the three months ended June 30, 2025, compared to $20.1 million for the same period in 2024, representing a 5.5% increase.
Marketing and Advertising: $5.3 million for the three months ended June 30, 2025, compared to $5.1 million for the same period in 2024, representing a 4.3% increase.
Sales and Business Development: $4.2 million for the three months ended June 30, 2025, compared to $3.6 million for the same period in 2024, representing a 16.3% increase.
Professional Fees: $3.2 million for the three months ended June 30, 2025, compared to $6.6 million for the same period in 2024, representing a 51.8% decrease.
Total Operating Expenses: $78.0 million for the three months ended June 30, 2025, compared to $73.5 million for the same period in 2024, representing a 6.1% increase.
Net Income: $24.8 million for the three months ended June 30, 2025, compared to $21.8 million for the same period in 2024.

Operating Cash Flow: $45.2 million for the six months ended June 30, 2025, compared to $31.2 million for the same period in 2024.
Investing Cash Flow: -$16.7 million for the six months ended June 30, 2025, compared to -$9.7 million for the same period in 2024.
Financing Cash Flow: -$23.5 million for the six months ended June 30, 2025, compared to -$17.7 million for the same period in 2024.

AUM (Assets Under Management): $126.1 billion as of June 30, 2025, compared to $109.7 billion as of June 30, 2024.
Average Advisory Fee: 0.35% for the three months ended June 30, 2025, compared to 0.37% for the same period in 2024.

Compensation to Revenue Ratio: Estimated to range from 28% to 30% for the year ending December 31, 2025.
Discretionary Spending: Estimated to range from $68.0 million to $72.0 million for the year ending December 31, 2025.
Gross Margin: Estimated to be 81.0% to 82.0% for the year ending December 31, 2025.
Third-Party Distribution Fees: Estimated to be approximately $14.0 million to $15.0 million for the year ending December 31, 2025.
Interest Expense: Estimated to be $22.0 million for the year ending December 31, 2025.
Interest Income: Estimated to be $8.0 million for the year ending December 31, 2025.
Income Tax Expense: Estimated consolidated normalized effective tax rate to be approximately 24.0% to 25.0% for the year ending December 31, 2025.
Weighted Average Diluted Shares: Estimated to be between 147.0 million and 148.0 million for the year ending December 31, 2025.

Acquisition of Ceres Partners, LLC: Expected to close in the fourth quarter of 2025, subject to customary closing conditions, including regulatory approvals, required consents, and financing.
Acquisition-Related Costs: $2.0 million of professional fees related to the Ceres Acquisition recorded during the three months ended June 30, 2025.