WT WisdomTree, Inc. Common Stock

NYSE · Financial Services · View on SEC EDGAR ↗
$23.14
Price · Aug 19, 2026
Fundamentals as of Aug 5, 2026

About WisdomTree, Inc. Common Stock Company overview from Wikipedia

WisdomTree, Inc. is a global exchange-traded fund (ETF) and exchange-traded product (ETP) sponsor and asset manager with headquarters in New York. WisdomTree launched its first ETFs in June 2006, and became one of the major ETF providers in the United States. WisdomTree sponsors different ETFs that span asset classes and countries worldwide. Categories include: U.S. and International Equity, Currency, Fixed Income and Alternatives.

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WisdomTree, Inc. is a global exchange-traded fund (ETF) and exchange-traded product (ETP) sponsor and asset manager with headquarters in New York. WisdomTree launched its first ETFs in June 2006, and became one of the major ETF providers in the United States. WisdomTree sponsors different ETFs that span asset classes and countries worldwide. Categories include: U.S. and International Equity, Currency, Fixed Income and Alternatives.

WisdomTree manages approximately $99.5 billion in assets under management globally, as of January 2024.

WisdomTree’s common stock is listed on the New York Stock Exchange under the ticker WT.

Company information

In 2006, Wisdom Tree launched its first family of dividend weighted ETFs.

WisdomTree's dividend strategy is influenced by Professor Jeremy Siegel's research, which proposes that dividend-paying companies may offer superior long-term performance with lower risk.

As of January 2023, WisdomTree offered 79 different ETFs in the U.S. and 269,349 products in Europe, with over 200+ employees worldwide across the U.S., Europe, South America and Israel.

History

WisdomTree, Inc. was incorporated by its chief executive officer and founder, Jonathan Steinberg, in Delaware as Financial Data Systems, Inc., on September 19, 1985. The company was inactive until October 1988 when it acquired the assets relating to what would become Individual Investor magazine, a monthly personal finance magazine.

In December 1991, it completed an initial public offering and commenced trading on the Nasdaq Stock Market (NASDAQ). In 1993, the company's name was changed to Individual Investor Group, Inc. and throughout the 1990s it was a financial media company that published several magazines, including Individual Investor and Ticker, newsletters, as well as maintaining several online financial related websites. In addition, the company also began developing stock indexes.

In 2002, the company's name was changed to Index Development Partners, Inc., and Jonathan Steinberg, along with Rayne Steinberg and Luciano Siracusano, continued development of the concepts for the company's fundamentally weighted index methodology. While this concept was being developed, the company sought to obtain financing to recapitalize and become an ETF sponsor.

Between 2004 and 2005, the company obtained financing from a core group of investors including former hedge fund manager Michael Steinhardt, Professor Jeremy Siegel of The Wharton School of the University of Pennsylvania and James D Robinson IV with venture capital firm of RRE Ventures. Michael Steinhardt became Chairman and Professor Jeremy Siegel became the senior investment strategy advisor for the company.

On September 21, 2005, the company's name was changed to WisdomTree Investments, Inc. WisdomTree Investments, Inc. launched its first 20 ETFs in June 2006. On July 26, 2011, WisdomTree listed on the NASDAQ Global Select Market under the ticker: WETF.

In 2014, WisdomTree acquired a majority stake (75%) in London-based Boost ETP. The same year, it was reported that WisdomTree was going to invest $20 million in Boost to give it working capital to build out its European business.

In 2016, the company was included on Forbes' list of America's 50 Most Trustworthy Financial Companies. In 2019, it was reported by Bloomberg News that WisdomTree Investments was considering selling the company to J.P. Morgan Chase in 2018, however, the two companies failed to reach a mutually acceptable price.

WisdomTree has been expanding into other digital assets, such as the launch of cryptocurrency ETPs in Europe, which are listed on the Swiss stock exchange. Other digital assets initiatives include WisdomTree’s Enhanced Commodity Strategy Fund (GCC), the first ETF to provide exposure to bitcoin futures, WisdomTree’s second investment in blockchain-based infrastructure provider Securrency Inc. and products like WisdomTree Crypto Mega Cap Equal Weight ETP, which is backed by physical assets including cryptocurrencies, as well as WisdomTree Crypto Market (BLOC) and WisdomTree Crypto Altcoins (WALT).

In early 2022 ETFS Capital Limited, WisdomTree's largest single shareholder with a 10.5% stake, tried to take a seat on the board of WisdomTree. According to a 13D regulatory filing with the SEC from January 2022, ETFS Capital chairman Graham Tuckwell described what he saw as the underperformance of WisdomTree and said the company had “been unwilling to date to work constructively” toward giving him a seat on the board since discussions began. A March 8, 2022 13D filing disclosed that another WisdomTree investor, Lion Point Capital, supported ETFS Capital’s efforts to take a seat on the board. The filing revealed ETFS Capital and Lion Point Capital had entered into a Group Agreement to “seek changes to the composition of the board and management” of WisdomTree, with the intention to “work constructively with the issuer to arrive at a solution that puts the issuer in the best position to unlock value for the benefit of all stockholders”.

In a regulatory filing from March 14, 2022, WisdomTree issued a ‘poison pill’, officially known as a shareholder rights agreement, to prevents any investor from acquiring more than 10% of the common stock in the company until the day after the company’s annual general meeting in June or potentially until March 2023 if extended by a shareholder vote.

In March, 2022, a WisdomTree was forced to redeem all shares of 3NIS, a leveraged ETP that moved inverse nickel prices. Due to a major short squeeze for the commodity, nickel prices shot up 250% in a few days and the ETF's daily price dropped below zero. A statement from WisdomTree said "Investors should not expect to get paid for the securities they hold."

In May 2022, WisdomTree reached an agreement with ETFS Capital and Lion Point Capital. As part of the settlement agreement, WisdomTree expanded its Board of Directors from seven to nine directors and appointed two independent directors. In addition, WisdomTree terminated the ‘poison pill’ that had been issued in March 2022 and announced that the company would seek stockholder approval to declassify its Board of Directors at the 2022 Annual Meeting of stockholders.

In October 2022, WisdomTree announced the transfer of the listing of its common stock to the New York Stock Exchange (NYSE) from The Nasdaq Global Select Market (Nasdaq). WisdomTree also announced changing its corporate name from WisdomTree Investments, Inc. to WisdomTree, Inc. effective November 7, 2022. WisdomTree common stock began trading on the NYSE at market open on November 7, 2022, under the new ticker symbol “WT”.

In April 2023, ETFS Capital Limited announced its nomination of three candidates to WisdomTree’s Board of Directors. At WisdomTree’s 2023 Annual Meeting of Stockholders held on June 16, 2023, five of six WisdomTree nominees were elected, based on a preliminary vote count, with ETFS Capital Limited nominee Tonia Pankopf elected to replace WisdomTree chairman Frank Salerno. Stockholders also voted for WisdomTree’s proposals on say-on-pay, the ratification of the stockholder rights agreement and the firm’s accountant.

== Key financial statistics ==

Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗

Wikidata ↗

WT Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

Price
$23.14
Market Cap
$3.26B
P/E (TTM)
30.8
EPS (TTM)
$0.75
Revenue (TTM)
$494M
Div Yield
0.53%
ROE
25.4%
Debt/Equity
52W Range
$11 – $23

WT Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

10-Year Performance Revenue, net income, margins and EPS trends

Revenue & Net Income $494M
8-point trend, +125.5%
2016-12-31 2025-12-31
EPS $0.75
10-point trend, +294.7%
2016-12-31 2025-12-31
Free Cash Flow $148M
7-point trend, +174.4%
2016-12-31 2025-12-31
Margins 22.1%

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric
5Y trend
WT
Peer Median
P/E (TTM)
5-point trend, -17.7%
30.8
23.4
P/S (TTM)
5-point trend, +29.0%
6.6
5.1
P/B
5-point trend, +86.2%
7.9
1.9
Price / FCF
5-point trend, -27.7%
22.0

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric
5Y trend
WT
Peer Median
Operating Margin
3-point trend, +40.7%
35.3%
Net Profit Margin
5-point trend, +85.4%
22.1%
24.4%
ROA
5-point trend, +872.1%
8.6%
4.3%
ROE
5-point trend, +955.9%
25.4%
11.5%
ROIC
5-point trend, +102.4%
32.3%

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric
5Y trend
WT
Peer Median
Current Ratio
5-point trend, +12.1%
1.7
1.7
Quick Ratio
5-point trend, -71.6%
0.4

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric
5Y trend
WT
Peer Median
Revenue YoY
5-point trend, +62.2%
15.4%
Revenue CAGR 3Y
5-point trend, +62.2%
17.9%
EPS YoY
5-point trend, +141.9%
127.3%
Net Income YoY
5-point trend, +119.2%
63.6%

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric
5Y trend
WT
Peer Median
EPS (Diluted)
5-point trend, +141.9%
$0.75

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric
5Y trend
WT
Peer Median
Payout Ratio
5-point trend, +108.1%
15.9%

Dividends Yield, payout ratio, dividend history, 5Y CAGR

Dividend Yield
0.53%
Payout Ratio
15.9%
5Y Div CAGR
Ex-dateAmount
Aug. 12, 2026$0.0300
May 13, 2026$0.0300
Feb. 11, 2026$0.0300
Nov. 12, 2025$0.0300
Aug. 13, 2025$0.0300
May 14, 2025$0.0300
Feb. 12, 2025$0.0300
Nov. 6, 2024$0.0300
Aug. 7, 2024$0.0300
May 7, 2024$0.0300
Feb. 13, 2024$0.0300
Nov. 7, 2023$0.0300
Aug. 8, 2023$0.0300
May 9, 2023$0.0300
Feb. 14, 2023$0.0300
Nov. 8, 2022$0.0300
Aug. 9, 2022$0.0300
May 10, 2022$0.0300
Feb. 8, 2022$0.0300
Nov. 9, 2021$0.0300

WT Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

BUY 16 analysts
  • Strong Buy 5 31.2%
  • Buy 8 50.0%
  • Hold 3 18.8%
  • Sell 0 0.0%
  • Strong Sell 0 0.0%

12-Month Price Target

7 analysts · 2026-08-19
Median target $22.00 -4.9%
Mean target $21.33 -7.8%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Avg Surprise
0.02%
Period EPS Actual EPS Est Surprise
June 30, 2026 $0.31 $0.27 0.04%
March 31, 2026 $0.27 $0.26 0.01%
Dec. 31, 2025 $0.29 $0.24 0.05%
Sept. 30, 2025 $0.23 $0.22 0.01%
June 30, 2025 $0.18 $0.18 -0.00%
March 31, 2025 $0.16 $0.16 0.00%

Peer comparison (GICS sub-industry) Key metrics vs sector peers

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
WT $1.72B 16.3 15.4% 22.1% 25.4%
FSK $4.15B 370.2 0.18%
AAMI 21.3 11.5% 14.2%
HTGC
DBRG 33.3 -84.5% 151.0% 7.0%
XXI
GCMG 27.0 8.5% 8.1% -14449.4%
TSLX $2.06B 12.0 10.6%
TRIN $1.19B 7.5 -46.2% 2767.4% 14.1%
CSWC $1.34B 11.6 11.5%
BLK $165.98B 30.3 18.7% 22.9% 10.7%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Income Statement 16
Annual Income Statement data for WT
Metric Trend 202520242023202220212020201920182017201620152014
Revenue 10-point trend, +168.7% $494M $428M $349M $301M $304M · · $274M $228M $219M $299M $184M
Cost of Revenue 3-point trend, +38.0% · · · · · · · $57M $42M $41M · ·
SG&A Expense 4-point trend, +37.7% $89M $84M $71M $65M · · · · · · · ·
Operating Expenses 12-point trend, +189.9% $320M $290M $262M $241M $215M $195M $213M $213M $179M $155M $162M $110M
Operating Income 10-point trend, +174.5% $174M $137M $87M $60M $89M $55M $54M $61M $49M $63M · ·
Interest Expense 6-point trend, +91.4% · · $15M $15M $12M $10M $11M $8M · · · ·
Interest Income 10-point trend, +887.1% $11M $7M $4M $3M $2M $744.0K $3M $3M $3M $1M · ·
Other Non-op 4-point trend, +105.6% $2M $874.0K $-2M $-36M · · · · · · · ·
Pretax Income 12-point trend, +93.4% $142M $95M $119M $40M $57M $-35M $121.0K $51M $58M $56M $137M $74M
Income Tax 12-point trend, +164.7% $33M $29M $16M $-11M $7M $433.0K $11M $14M $31M $29M $57M $12M
Net Income 12-point trend, +78.8% $109M $67M $103M $51M $50M $-36M $-10M $37M $27M $26M $80M $61M
EPS (Basic) 12-point trend, +67.4% $0.77 $0.34 $0.66 $0.31 $0.31 $-0.25 $-0.08 $0.23 $0.20 $0.19 $0.58 $0.46
EPS (Diluted) 12-point trend, +70.5% $0.75 $0.33 $0.64 $0.31 $0.31 $-0.25 $-0.08 $0.23 $0.20 $0.19 $0.58 $0.44
Shares (Basic) 12-point trend, +6.5% 140,376,000 144,630,000 144,707,000 143,020 143,847 148,682,000 151,823,000 146,645,000 134,614,000 134,401,000 137,242,000 131,770,000
Shares (Diluted) 12-point trend, +4.6% 144,939,000 158,844,000 170,413,000 158,914 161,263 148,682,000 151,823,000 158,415,000 136,003,000 135,539,000 138,825,000 138,551,000
EBITDA 5-point trend, +225.4% $174M $137M $87M $60M · · $54M · · · · ·
Balance Sheet 25
Annual Balance Sheet data for WT
Metric Trend 202520242023202220212020201920182017201620152014
Cash & Equivalents 12-point trend, -76.5% $39M $39M $29M $132M $141M $73M $75M $78M $54M $93M $210M $165M
Receivables 12-point trend, +254.6% $64M $45M $35M $31M $32M $29M $27M $26M $21M $18M $28M $18M
Prepaid Expense 11-point trend, +179.3% $7M $5M $5M $5M $4M $4M $4M $4M $4M $3M $3M ·
Other Current Assets 12-point trend, +0.9% $2M $2M $1M $390.0K $276.0K $259.0K $207.0K $163.0K $1M $555.0K $272.0K $2M
Current Assets 12-point trend, +165.9% $492M $318M $230M $294M $304M $142M $123M $118M $154M $177M $241M $185M
PP&E (Net) 12-point trend, -95.8% $431.0K $336.0K $427.0K $544.0K $557.0K $8M $8M $9M $11M $12M $12M $10M
Accum. Depreciation 12-point trend, +32.0% $1M $733.0K $670.0K $418.0K $227.0K $8M $7M $6M $5M $3M $2M $972.0K
Goodwill 12-point trend, +13541.1% $229M $87M $87M $86M $86M $86M $86M $86M $2M $2M $2M $2M
Intangibles 4-point trend, +24.1% $749M $606M $605M $604M · · · · · · · ·
Other Non-current Assets 12-point trend, +1202.8% $925.0K $631.0K $459.0K $571.0K $361.0K $180.0K $983.0K $2M $793.0K $747.0K $738.0K $71.0K
Total Assets 12-point trend, +585.4% $1.51B $1.03B $944M $1.03B $1.04B $897M $935M $938M $255M $250M $293M $221M
Short-term Debt Flat — no change across 2 periods · $15M $15M · · · · · · · · ·
Current Liabilities 12-point trend, +858.4% $282M $109M $103M $148M $84M $74M $79M $63M $57M $44M $49M $29M
Capital Leases 6-point trend, -93.9% $1M $171.0K · $339.0K $328.0K $17M $19M · · · · ·
Other Non-current Liabilities · · · $1M · · · · · · · ·
Total Liabilities 12-point trend, +2914.5% $1.10B $634M $402M $596M $636M $498M $465M $447M $62M $48M $58M $36M
Long-term Debt 5-point trend, +65.1% · · · $321M $319M $167M $176M $195M · · · ·
Total Debt Flat — no change across 2 periods · $15M $15M · · · · · · · · ·
Common Stock 12-point trend, +4.2% $1M $1M $2M $1M $1M $1M $2M $2M $1M $1M $1M $1M
Paid-in Capital 4-point trend, -9.5% $189M $270M $312M · · · · · · · · $209M
Retained Earnings 12-point trend, +941.8% $221M $130M $96M $14M $-22M $-53M $-18M $-7M $-25M $-25M $-25M $-26M
AOCI 12-point trend, +4301.9% $2M $-2M $-548.0K $-1M $682.0K $1M $945.0K $467.0K $291.0K $-44.0K $-126.0K $-53.0K
Stockholders' Equity 12-point trend, +124.5% $414M $400M $409M $306M $269M $266M $337M $358M $193M $201M $235M $184M
Liabilities + Equity 12-point trend, +585.4% $1.51B $1.03B $944M $1.03B $1.04B $897M $935M $938M $255M $250M $293M $221M
Shares Outstanding 12-point trend, +4.3% 140,713,000 146,102,000 150,330,000 146,517 145,107 148,716,000 155,264,000 153,202,000 136,996,000 136,475,000 138,415,000 134,959,000
Cash Flow 17
Annual Cash Flow data for WT
Metric Trend 202520242023202220212020201920182017201620152014
D&A 12-point trend, +360.2% $4M $2M $872.0K $262.0K $738.0K $1M $1M $1M $1M $1M $1M $821.0K
Stock-based Comp 12-point trend, +165.7% $22M $21M $16M $10M $10M $12M $12M $13M $15M $15M $11M $8M
Deferred Tax 12-point trend, -92.1% $981.0K $-398.0K $-481.0K $-1M $316.0K $-2M $-349.0K $-6M $9M $13M $53M $12M
Amort. of Intangibles · · · $50.0K · · · · · · · ·
Operating Cash Flow 12-point trend, +79.0% $148M $113M $86M $55M $75M $47M $57M $37M $49M $55M $155M $83M
CapEx 12-point trend, -95.6% $215.0K $141.0K $113.0K $220.0K $293.0K $472.0K $47.0K $71.0K $295.0K $1M $3M $5M
Investing Cash Flow 10-point trend, -250.7% $-313M $-24M $82M $-38M $-100M $11M $-18M $-182M $-37M $-89M · ·
Debt Issued 2-point trend, -100.0% · · · · · · $0 $200M · · · ·
Net Debt Issued 2-point trend, +100.0% · · · $0 · · $-21M · · · · ·
Stock Repurchased 12-point trend, +1473.0% $103M $63M $4M $3M $35M $31M $2M $3M $8M $39M $24M $7M
Net Stock Activity 9-point trend, -1473.0% $-103M $-63M $-4M $-3M · · $-2M · $-8M $-39M $-24M $-7M
Dividends Paid 12-point trend, +60.5% $17M $19M $20M $19M $19M $20M $20M $19M $44M $44M $79M $11M
Financing Cash Flow 10-point trend, +449.8% $290M $-36M $-172M $-23M $93M $-60M $-44M $169M $-51M $-83M · ·
Net Change in Cash 12-point trend, +114.1% $131M $52M $-3M $-9M $67M $-2M $-3M $24M $-39M $-117M $45M $61M
Taxes Paid 12-point trend, +45869.7% $30M $32M $16M $12M $8M $10M $10M $14M $33M $15M $1M $66.0K
Free Cash Flow 9-point trend, +90.0% $148M $113M $85M $55M · · $47M · $48M $54M $152M $78M
Levered FCF 3-point trend, -92.9% · · $72M $36M · · $1.02B · · · · ·
Profitability 7
Annual Profitability data for WT
Metric Trend 202520242023202220212020201920182017201620152014
Operating Margin 3-point trend, +40.7% 35.3% 32.1% 25.1% · · · · · · · · ·
Net Margin 7-point trend, -33.5% 22.1% 15.6% 29.4% · · · · · 11.5% 11.9% 26.8% 33.2%
Pretax Margin 7-point trend, -28.0% 28.8% 22.3% 34.1% · · · · · 24.5% 25.3% 45.9% 40.0%
EBITDA Margin 3-point trend, +40.7% 35.3% 32.1% 25.1% · · · · · · · · ·
ROA 9-point trend, -74.6% 8.6% 6.7% 10.4% 4.9% · · -1.1% · 10.8% 9.6% 31.2% 33.7%
ROE 9-point trend, -38.9% 25.4% 17.2% 23.4% 15.9% · · -3.0% · 13.8% 12.0% 38.2% 41.6%
ROIC 5-point trend, +102.4% 32.3% 23.1% 17.8% 24.9% · · -1367.0% · · · · ·
Liquidity & Solvency 4
Annual Liquidity & Solvency data for WT
Metric Trend 202520242023202220212020201920182017201620152014
Current Ratio 9-point trend, -72.8% 1.7 2.9 2.2 2.0 · · 1.6 · 2.7 4.1 4.9 6.4
Quick Ratio 9-point trend, -94.1% 0.4 0.8 1.6 1.1 · · 1.3 · 1.3 2.5 4.8 6.2
Debt / Equity 2-point trend, +2.2% · 0.0 0.0 · · · · · · · · ·
Interest Coverage 3-point trend, +20.5% · · 5.7 4.0 · · 4.8 · · · · ·
Efficiency 2
Annual Efficiency data for WT
Metric Trend 202520242023202220212020201920182017201620152014
Asset Turnover 7-point trend, -61.7% 0.4 0.4 0.4 · · · · · 0.9 0.8 1.2 1.0
Receivables Turnover 7-point trend, -12.1% 9.0 10.6 10.6 · · · · · 12.2 9.7 13.1 10.3
Per Share 6
Annual Per Share data for WT
Metric Trend 202520242023202220212020201920182017201620152014
Book Value / Share 9-point trend, +112.9% $2.94 $2.74 $2721.59 $2.09 · · $2.17 · $1.41 $1.48 $1.71 $1.38
Revenue / Share 7-point trend, +156.8% $3.41 $2692.81 $2048.17 · · · · · $1.75 $1.62 $2.15 $1.33
Cash Flow / Share 9-point trend, +71.1% $1.02 $714.29 $502.31 $0.35 · · $0.31 · $0.36 $0.41 $1.12 $0.60
Cash / Share 9-point trend, -77.7% $0.28 $0.27 $860.14 $0.90 · · $0.48 · $0.40 $0.68 $1.54 $1.24
Dividend / Share 12-point trend, +50.0% $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $1 $0
EPS (TTM) 12-point trend, +70.5% $0.75 $0.33 $0.64 $0.31 $0.31 $-0.25 $-0.08 $0.23 $0.20 $0.19 $0.58 $0.44
Growth Rates 7
Annual Growth Rates data for WT
Metric Trend 202520242023202220212020201920182017201620152014
Revenue YoY 4-point trend, +1674.5% 15.4% 22.6% 15.8% -0.98% · · · · · · · ·
Revenue CAGR 3Y 2-point trend, +48.8% 17.9% 12.0% · · · · · · · · · ·
EPS YoY 4-point trend, +1.27 127.3% -48.4% 106.5% 0.00% · · · · · · · ·
EPS CAGR 3Y 2-point trend, +1523.2% 34.2% 2.1% · · · · · · · · · ·
Net Income YoY 4-point trend, +3474.7% 63.6% -35.0% 102.3% 1.8% · · · · · · · ·
Net Income CAGR 3Y 2-point trend, +184.8% 29.1% 10.2% · · · · · · · · · ·
Dividend CAGR 5Y -3.0% · · · · · · · · · · ·
Valuation (TTM) 17
Annual Valuation (TTM) data for WT
Metric Trend 202520242023202220212020201920182017201620152014
Revenue TTM 12-point trend, +168.7% $494M $428M $349M $301M $304M $279M $279M $274M $228M $219M $299M $184M
Net Income TTM 12-point trend, +78.8% $109M $67M $103M $51M $50M $-36M $-10M $37M $27M $26M $80M $61M
Market Cap 9-point trend, -18.0% $1.72B $1.53B $1M $799M · · $751M · $1.72B $1.52B $2.14B $2.09B
Enterprise Value 2-point trend, +1430.4% · $1.51B $-113M · · · · · · · · ·
P/E 12-point trend, -54.4% 16.3 31.8 10.8 17.6 19.7 -21.4 -60.5 28.9 62.8 58.6 27.0 35.6
P/S 9-point trend, -69.5% 3.5 3.6 0.0 2.6 · · 2.7 · 7.5 6.9 7.2 11.4
P/B 9-point trend, -63.5% 4.1 3.8 0.0 2.6 · · 2.2 · 8.9 7.6 9.1 11.4
P / Tangible Book 2-point trend, +9.7% · · · · 4.8 4.4 · · · · · ·
P / Cash Flow 9-point trend, -54.2% 11.6 13.5 0.0 14.5 · · 16.0 · 35.4 27.7 13.8 25.3
P / FCF 9-point trend, -56.9% 11.6 13.5 0.0 14.6 · · 16.1 · 35.7 28.2 14.1 26.9
EV / EBITDA 2-point trend, +947.8% · 11.0 -1.3 · · · · · · · · ·
EV / FCF 2-point trend, +1103.6% · 13.3 -1.3 · · · · · · · · ·
EV / Revenue 2-point trend, +1185.5% · 3.5 -0.3 · · · · · · · · ·
Dividend Yield 9-point trend, +94.2% 1.0% 1.2% 1933.6% 2.4% · · 2.7% · 2.5% 2.9% 3.7% 0.52%
Earnings Yield 12-point trend, +118.9% 6.2% 3.1% 9.2% 5.7% 5.1% -4.7% -1.7% 3.5% 1.6% 1.7% 3.7% 2.8%
Payout Ratio 9-point trend, -10.2% 15.9% 28.5% 19.6% 38.2% · · -195.5% · 160.9% 166.9% 98.1% 17.7%
Annual Payout 12-point trend, +60.5% $17M $19M $20M $19M $19M $20M $20M $19M $44M $44M $79M $11M

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Income Statement
2025-12-312024-12-312023-12-312022-12-312021-12-31
Revenue $494M$428M$349M$301M$304M
Operating Margin % 35.3%32.1%25.1%
Net Income $109M$67M$103M$51M$50M
Diluted EPS $0.75$0.33$0.64$0.31$0.31
Balance Sheet
2025-12-312024-12-312023-12-312022-12-312021-12-31
Debt / Equity 0.00.0
Current Ratio 1.72.92.22.0
Quick Ratio 0.40.81.61.1
Cash Flow
2025-12-312024-12-312023-12-312022-12-312021-12-31
Free Cash Flow $148M$113M$85M$55M

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Institutional owners (13F) 347 filers · $1.8B total · As of June 30, 2026

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
61 (-13 vs prior Q) 47 (+19 vs prior Q) 114 (+5 vs prior Q) 95 (0 vs prior Q) -6.1M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
FMR LLC $171,667,872 10,133,877 9.59% Shares
VANGUARD PORTFOLIO MANAGEMENT LLC $137,609,769 8,123,363 7.69% Shares
Capital World Investors $127,847,772 7,547,094 7.14% Shares
Azora Capital LP $104,697,839 6,180,510 5.85% Shares
VANGUARD CAPITAL MANAGEMENT LLC $102,764,240 6,066,366 5.74% Shares
STATE STREET CORP $95,034,145 5,610,044 5.31% Shares
WELLINGTON MANAGEMENT GROUP LLP $85,055,960 5,021,013 4.75% Shares
Driehaus Capital Management LLC $79,663,823 4,702,705 4.45% Shares
DIMENSIONAL FUND ADVISORS LP $59,549,934 3,515,344 3.33% Shares
GEODE CAPITAL MANAGEMENT, LLC $47,625,378 2,810,861 2.66% Shares
Simcoe Capital Management, LLC $45,298,322 2,674,045 2.53% Shares
NOMURA ASSET MANAGEMENT INTERNATIONAL INC. $35,706,000 2,107,798 1.99% Shares
LOOMIS SAYLES & CO L P $30,863,765 1,821,946 1.72% Shares
CHARLES SCHWAB INVESTMENT MANAGEMENT INC $28,573,985 1,686,776 1.60% Shares
BANK OF AMERICA CORP /DE/ $24,880,540 1,468,745 1.39% Shares
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ $21,291,124 1,256,855 1.19% Shares
Junto Capital Management LP $19,837,858 1,171,066 1.11% Shares
ENVESTNET ASSET MANAGEMENT INC $18,209,747 1,074,956 1.02% Shares
Toroso Investments, LLC $16,807,389 1,378,785 0.94% Shares
Cubist Systematic Strategies, LLC $16,196,563 1,165,220 0.90% Shares
VANGUARD FIDUCIARY TRUST CO $15,602,418 921,040 0.87% Shares
GOLDMAN SACHS GROUP INC $14,798,953 873,610 0.83% Shares
KORNITZER CAPITAL MANAGEMENT INC /KS $14,655,082 865,117 0.82% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $13,897,576 820,400 0.78% Call option
JANE STREET GROUP, LLC $13,673,968 807,200 0.76% Call option
MORGAN STANLEY $13,311,045 785,776 0.74% Shares
Qube Research & Technologies Ltd $12,994,420 767,085 0.73% Shares
ArrowMark Colorado Holdings LLC $12,957,863 764,927 0.72% Shares
TWO SIGMA INVESTMENTS, LP $10,946,797 646,210 0.61% Shares
DANSKE BANK A/S $10,768,233 635,669 0.60% Shares
INTRINSIC EDGE CAPITAL MANAGEMENT LLC $10,502,800 620,000 0.59% Shares
FIRST TRUST ADVISORS LP $10,482,703 618,814 0.59% Shares
CITIGROUP INC $9,673,638 571,053 0.54% Shares
Caption Management, LLC $9,655,800 570,000 0.54% Call option
VOLORIDGE INVESTMENT MANAGEMENT, LLC $9,185,715 542,250 0.51% Shares
CREDIT AGRICOLE S A $8,312,848 490,723 0.46% Shares
TWO SIGMA ADVISERS, LP $8,281,886 679,400 0.46% Shares
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP $8,264,890 487,892 0.46% Shares
Connor, Clark & Lunn Investment Management Ltd. $8,262,756 487,766 0.46% Shares
MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC $7,404,847 437,122 0.41% Shares
Public Sector Pension Investment Board $7,322,925 432,286 0.41% Shares
Interval Partners, LP $7,316,759 431,922 0.41% Shares
VICTORY CAPITAL MANAGEMENT INC $7,185,355 424,165 0.40% Shares
AMERICAN CENTURY COMPANIES INC $7,120,797 420,354 0.40% Shares
INTRINSIC EDGE CAPITAL MANAGEMENT LLC $6,776,000 400,000 0.38% Put option
BARCLAYS PLC $6,725,791 397,036 0.38% Shares
Karl Kapital LLC $6,477,704 382,391 0.36% Shares
Universal- Beteiligungs- und Servicegesellschaft mbH $6,437,319 380,007 0.36% Shares
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND $6,323,634 373,296 0.35% Shares
Phase 2 Partners, LLC $6,206,854 591,129 0.35% Shares
MILLENNIUM MANAGEMENT LLC $6,191,265 365,482 0.35% Shares
Weiss Asset Management LP $5,893,782 347,921 0.33% Shares
RHUMBLINE ADVISERS $5,219,280 308,105 0.29% Shares
Brevan Howard Capital Management LP $5,179,369 303,153 0.29% Shares
AMERIPRISE FINANCIAL INC $5,135,141 303,137 0.29% Shares
XTX Topco Ltd $4,554,471 268,859 0.25% Shares
Point72 Asset Management, L.P. $4,473,346 264,070 0.25% Shares
ROTHSCHILD INVESTMENT LLC $4,383,849 258,787 0.24% Shares
CITADEL ADVISORS LLC $4,233,187 249,893 0.24% Shares
Swiss National Bank $4,219,754 249,100 0.24% Shares
CITADEL ADVISORS LLC $4,124,890 243,500 0.23% Call option
TUDOR INVESTMENT CORP ET AL $4,033,414 238,100 0.23% Call option
Foundry Partners, LLC $3,915,407 438,947 0.22% Shares
J. Goldman & Co LP $3,882,648 229,200 0.22% Call option
MML INVESTORS SERVICES, LLC $3,499,535 206,584 0.20% Shares
Engineers Gate Manager LP $3,441,412 203,153 0.19% Shares
Legal & General Group Plc $3,282,549 193,775 0.18% Shares
INTECH INVESTMENT MANAGEMENT LLC $3,244,247 191,514 0.18% Shares
Quantinno Capital Management LP $3,075,428 181,548 0.17% Shares
STIFEL FINANCIAL CORP $2,941,601 173,648 0.16% Shares
SummitTX Capital, L.P. $2,929,739 172,948 0.16% Shares
Neo Ivy Capital Management $2,901,737 171,295 0.16% Shares
HORIZON KINETICS ASSET MANAGEMENT LLC $2,813,995 166,115 0.16% Shares
SCHRODER INVESTMENT MANAGEMENT GROUP $2,808,576 165,600 0.16% Shares
Odyssean, LLC $2,802,418 165,432 0.16% Shares
Pacific Capital Partners Ltd $2,752,022 162,457 0.15% Shares
BNP PARIBAS FINANCIAL MARKETS $2,635,779 155,595 0.15% Shares
POLEN CAPITAL MANAGEMENT LLC $2,524,924 149,051 0.14% Shares
Militia Capital Management LLC $2,500,886 147,632 0.14% Shares
LPL Financial LLC $2,405,021 141,973 0.13% Shares
AlphaQuest LLC $2,370,041 194,425 0.13% Shares
Kiker Wealth Management, LLC $2,337,810 138,005 0.13% Shares
GLOBEFLEX CAPITAL L P $2,314,682 136,640 0.13% Shares
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM $2,304,426 158,271 0.13% Shares
ALLIANCEBERNSTEIN L.P. $2,235,382 153,529 0.12% Shares
PRUDENTIAL FINANCIAL INC $2,235,199 131,948 0.12% Shares
LEVEL FOUR ADVISORY SERVICES, LLC $2,220,869 131,102 0.12% Shares
BlackRock, Inc. $2,170,387 128,122 0.12% Shares
Bank of New York Mellon Corp $2,024,466 119,508 0.11% Shares
VIRGINIA RETIREMENT SYSTEMS ET Al $2,011,960 165,050 0.11% Shares
GROUP ONE TRADING LLC $1,987,960 117,353 0.11% Shares
VANGUARD ASSET MANAGEMENT, Ltd $1,876,749 110,788 0.10% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $1,866,957 110,210 0.10% Shares
NORDEA INVESTMENT MANAGEMENT AB $1,858,913 108,772 0.10% Shares
Corient Private Wealth LP $1,776,296 104,858 0.10% Shares
Y-Intercept (Hong Kong) Ltd $1,717,580 101,392 0.10% Shares
ALGERT GLOBAL LLC $1,703,995 100,590 0.10% Shares
Crawford Fund Management, LLC $1,628,950 96,160 0.09% Shares
Integrated Quantitative Investments LLC $1,561,021 92,150 0.09% Shares
Moran Wealth Management, LLC $1,518,976 89,668 0.08% Shares

Company insiders 35 insiders · 14 officers · 20 directors

Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Jonathan L Steinberg Chief Executive Officer Feb. 23, 2026 A 9,763,318 0 0 $0
Bryan Edmiston Chief Financial Officer Jan. 25, 2022 A 71,117 0 0 $0
Amit Muni Chief Financial Officer Jan. 25, 2021 A 700,250 0 0 $0
Jarrett R Lilien President and COO May 20, 2026 S 1,110,245 0 4 $-1,506,775
Peter M Ziemba Chief Administrative Officer May 19, 2026 S 885,686 0 1 $-1,931,000
William Bradley Peck Head of Digital Assets Jan. 25, 2022 A 91,565 0 0 $0
Alexis Marinof Head of WisdomTree Europe Jan. 25, 2022 A 135,452 0 0 $0
Marci Frankenthaler Chief Legal Officer Jan. 25, 2022 A 111,932 0 0 $0
Jeremy Schwartz Global Head of Research March 12, 2020 P 692,496 0 0 $0
Stuart Bell Executive Vice President Dec. 12, 2019 M 133,261 0 0 $0
Gregory E Barton Chief Legal Officer Jan. 27, 2019 F 223,693 0 0 $0
David J. Abner Head of WisdomTree Europe Jan. 25, 2019 A 197,819 0 0 $0
Kurt Macalpine Global Head of Distribution Jan. 25, 2019 A 295,221 0 0 $0
Luciano Siracusano III Chief Investment Strategist Sept. 14, 2018 M 497,041 0 0 $0
Lynn S. Blake Director June 17, 2026 A 62,571 0 0 $0
Shamla Naidoo Director June 17, 2026 A 40,194 0 0 $0
Smita Conjeevaram Director June 17, 2026 A 82,877 0 0 $0
Daniela Mielke Director June 17, 2026 A 56,833 0 0 $0
Rilla S Delorier Director June 17, 2026 A 37,360 0 0 $0
Anthony Bossone Director June 17, 2026 A 650,898 0 0 $0
Tonia L Pankopf Director June 17, 2026 A 40,471 6 0 $3,264
Frank Salerno Director June 17, 2026 A 228,345 0 0 $0
Harold Singleton III Director July 25, 2022 A 26,694 0 0 $0
Deborah Fuhr Director July 25, 2022 A 20,835 0 0 $0
Susan J Cosgrove Director July 25, 2022 A 80,543 0 0 $0
Win J Neuger Director July 25, 2022 A 123,520 0 0 $0
Bruce I Lavine Director June 17, 2021 A 220,024 0 0 $0
Michael H Steinhardt Director June 18, 2019 A 8,870,799 0 0 $0
Steven L Begleiter Director June 19, 2018 A 149,607 0 0 $0
Brian T Shea Director June 19, 2018 A 10,536 0 0 $0
James D Robinson IV Director Dec. 14, 2012 S 51,487 0 0 $0
Drake Mosier Director July 30, 2003 A 0 0 $0
Christopher Meigher III Director July 30, 2003 A 0 0 $0
RRE Ventures GP III, LLC 10% owner Dec. 14, 2012 S 51,487 0 0 $0
RRE Ventures III-A, LP 10% owner Dec. 14, 2012 S 1,118,807 0 0 $0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

Activists & 5%+ owners 7 positions

Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.

Filer Filed Stake Status Purpose Filing
ETFS Capital Limited, GRAHAM TUCKWELL ×12 filings Aug. 9, 2024 Initial filing SEC
Jonathan L. Steinberg ×2 filings Feb. 7, 2017 Initial filing Passive investment SEC
Undisclosed reporting person May 14, 2002 Initial filing SEC
Undisclosed reporting person March 23, 2001 Initial filing SEC
Undisclosed reporting person Jan. 26, 2001 Initial filing SEC
Undisclosed reporting person Jan. 10, 2001 Initial filing SEC
Undisclosed reporting person Jan. 10, 2001 Initial filing SEC

Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.

ETF ownership Held by 72 ETFs

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
DEEP · ETF Series Solutions 1.25% 17,204 NS May 31, 2026 N-PORT
PSC · Principal Exchange-Traded Funds 0.53% 732,135 NS June 30, 2026 N-PORT
FYC · First Trust Exchange-Traded AlphaDE… 0.52% 320,303 NS April 30, 2026 N-PORT
MMSC · First Trust Exchange-Traded Fund VI… 0.43% 11,887 NS May 31, 2026 N-PORT
BFOR · ALPS ETF Trust 0.29% 32,765 NS May 31, 2026 N-PORT
OASC · Unified Series Trust 0.28% 12,272 NS May 31, 2026 N-PORT
FYX · First Trust Exchange-Traded AlphaDE… 0.27% 190,727 NS April 30, 2026 N-PORT
AVSC · AMERICAN CENTURY ETF TRUST 0.19% 280,791 NS May 31, 2026 N-PORT
GSSC · Goldman Sachs ETF Trust 0.18% 92,393 NS May 31, 2026 N-PORT
NUSC · Nushares ETF Trust 0.15% 110,583 NS April 30, 2026 N-PORT
SMDX · Tidal Trust III 0.11% 8,206 NS April 30, 2026 N-PORT
BBSC · J.P. Morgan Exchange-Traded Fund Tr… 0.11% 45,907 NS April 30, 2026 N-PORT
FAD · First Trust Exchange-Traded AlphaDE… 0.11% 29,913 NS April 30, 2026 N-PORT
GINN · Goldman Sachs ETF Trust 0.10% 11,015 NS May 31, 2026 N-PORT
SAA · ProShares Trust 0.10% 1,375 NS May 31, 2026 N-PORT
RSSL · Global X Funds 0.06% 53,579 NS April 30, 2026 N-PORT
ITWO · ProShares Trust 0.06% 5,826 NS May 31, 2026 N-PORT
DFAS · Dimensional ETF Trust 0.05% 452,036 NS April 30, 2026 N-PORT
SCHA · SCHWAB STRATEGIC TRUST 0.05% 551,392 NS May 31, 2026 N-PORT
UWM · ProShares Trust 0.03% 4,556 NS May 31, 2026 N-PORT
EBI · RBB Fund Trust 0.03% 9,165 NS May 31, 2026 N-PORT
FNCL · FIDELITY COVINGTON TRUST 0.03% 32,954 NS April 30, 2026 N-PORT
URTY · ProShares Trust 0.03% 4,613 NS May 31, 2026 N-PORT
DXUV · Dimensional ETF Trust 0.02% 5,833 NS April 30, 2026 N-PORT
AVSU · AMERICAN CENTURY ETF TRUST 0.02% 4,736 NS May 31, 2026 N-PORT
FNDA · SCHWAB STRATEGIC TRUST 0.01% 69,488 NS May 31, 2026 N-PORT
AVUS · AMERICAN CENTURY ETF TRUST 0.01% 101,233 NS May 31, 2026 N-PORT
MSSM · MORGAN STANLEY PATHWAY FUNDS 0.01% 5,153 NS May 31, 2026 N-PORT
DFSU · Dimensional ETF Trust 0.01% 15,719 NS April 30, 2026 N-PORT
DFAC · Dimensional ETF Trust 0.01% 294,438 NS April 30, 2026 N-PORT
DCOR · Dimensional ETF Trust 0.01% 18,702 NS April 30, 2026 N-PORT
HDG · ProShares Trust 0.01% 116 NS May 31, 2026 N-PORT
DFAU · Dimensional ETF Trust 0.01% 35,345 NS April 30, 2026 N-PORT
DFUS · Dimensional ETF Trust 0.00% 44,257 NS April 30, 2026 N-PORT
SCHB · SCHWAB STRATEGIC TRUST 0.00% 68,200 NS May 31, 2026 N-PORT
FNDB · SCHWAB STRATEGIC TRUST 0.00% 589 NS May 31, 2026 N-PORT
TILT · FlexShares Trust 0.00% 163 NS April 30, 2026 N-PORT
DFUV · Dimensional ETF Trust 0.00% 632 NS April 30, 2026 N-PORT
VXF · VANGUARD INDEX FUNDS July 15, 2026 Daily
VB · VANGUARD INDEX FUNDS July 15, 2026 Daily
VBR · VANGUARD INDEX FUNDS July 15, 2026 Daily
VTI · VANGUARD INDEX FUNDS July 15, 2026 Daily
VT · VANGUARD INTERNATIONAL EQUITY INDEX… July 15, 2026 Daily
VIOO · VANGUARD ADMIRAL FUNDS July 15, 2026 Daily
VIOG · VANGUARD ADMIRAL FUNDS July 30, 2026 Daily
VTWO · VANGUARD SCOTTSDALE FUNDS July 15, 2026 Daily
VTWG · VANGUARD SCOTTSDALE FUNDS July 15, 2026 Daily
VTHR · VANGUARD SCOTTSDALE FUNDS July 15, 2026 Daily
IJR · iShares Trust Aug. 5, 2026 Daily
IJT · iShares Trust Aug. 17, 2026 Daily