Adjusted net income for the quarter was $25.9 million or $0.18 per share, excluding $2 million of acquisition-related costs and miscellaneous items.
Assets under management (AUM) reached a record $126 billion at June 30, with U.S.-listed AUM at $85.2 billion and European AUM at $40.5 billion, both all-time highs.
Digital assets AUM more than doubled since last quarter, reaching $350 million at quarter-end and approximately $500 million currently.
WisdomTree reported revenues of $112.6 million for Q2 2025, up 4.2% sequentially and 5.2% year-over-year, driven by higher average AUM.
Year-to-date inflows totaled $6.6 billion, with broad and diverse contributions across U.S., Europe, and digital assets.
Year-to-date revenues grew 8.3%, supported by higher average AUM and increased other revenues from European listed products, partially offset by a lower average fee capture.
Adjusted EBITDA declined 5% and adjusted core EPS declined 7% due to a 100 basis point decrease in short-term rates impacting escrow earnings.
Capital Markets segment revenues grew 46% year-over-year with net income up 200% to $33 million and adjusted EBITDA up 116% to $1.3 million.
Cash balance ended at $234 million, supporting capital deployment and dividend payments.
GAAP earnings per share rose 48% year-over-year to $0.99, driven by economies of scale and significant noncash mortgage servicing rights (MSRs) booked.
No new loan defaults were recorded; credit quality remains strong with only 8 defaults in a $65 billion at-risk portfolio.
Quarterly dividend increased to $0.67 per share, marking seven consecutive years of dividend growth.
Servicing & Asset Management segment servicing fees increased 4% to $84 million, but total segment revenues declined 5% due to lower placement fees and investment management fees.
Walker & Dunlop reported a 65% year-over-year increase in total transaction volume to $14 billion in Q2 2025, more than doubling from Q1 2025.
Strategic Partnership with Guardian Expands Fixed Income AUM and Accelerates Innovation
Completed the Guardian partnership, managing $46.5 billion of largely investment-grade fixed income assets, exceeding the initial $45 billion target.
Guardian's commitment of up to $400 million seed capital, including $100 million for the asset-backed securities ETF (JABS), demonstrates rapid progress.
Total fixed income AUM now at $142 billion, over 30% of total AUM, with Guardian's growth indicating a strong partnership trajectory.
Dafinchi