Quarterly ResultMay 6, 2026, 05:12 PM
WisdomTree Q1 Net Loss $(23.1)M; Revenue Up 47.5% to $159.5M
AI Summary
WisdomTree reported a net loss of $23.1 million for Q1 2026, a significant shift from a $24.6 million net income in Q1 2025, primarily due to a $62.3 million loss on extinguishment of convertible notes. Despite the net loss, total revenues increased by 47.5% to $159.5 million, driven by strong advisory fees. The company also saw a substantial increase in cash and cash equivalents, reaching $625.5 million, and completed a significant repurchase and issuance of convertible notes.
Key Highlights
- Q1 2026 net loss was $23.1 million, compared to $24.6 million net income in Q1 2025.
- Total revenues increased 47.5% to $159.5 million in Q1 2026.
- Operating income grew 73.7% to $59.4 million for the quarter.
- Incurred a $62.3 million loss on extinguishment of convertible notes.
- Cash, cash equivalents, and restricted cash rose to $625.5 million.
- Repurchased $350 million in convertible notes, issuing 11,000 shares.
- Issued $603.8 million in new convertible notes.
- Declared a cash dividend of $0.03 per common share.