What changed in this filing

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Item 1. Financial Statements

2026-08-05 compared with 2026-05-06 · 346 added, 229 removed, 764 unchanged (43% of the section changed)

4 unchanged sentences

(In Thousands, Except Per Share Amounts)

2026 December 31,

Assets (unaudited)

Current assets:

Cash, cash equivalents and restricted cash (including $ 221,452 and $ 145,242 invested in the WisdomTree Treasury Money Market Digital Fund at March 31, 2026 and December 31, 2025) (Note 4 ) $ 625,505 $ 311,732

Financial instruments owned, at fair value (including $ 56,878 and $ 99,480 invested in WisdomTree products at March 31, 2026 and December 31, 2025, respectively) (Note 6 ) 65,237 107,117

Accounts receivable (including $ 55,633 and $ 55,432 due from related parties at March 31, 2026 and December 31, 2025, respectively) 66,112 64,452

Cash, cash equivalents and restricted cash (including $ 120,117 and $ 145,242 invested in the WisdomTree Treasury Money Market Digital Fund at June 30, 2026 and December 31, 2025) (Note 4) $ 294,814 $ 311,732

Financial instruments owned, at fair value (including $ 31,871 and $ 99,480 invested in WisdomTree products at June 30, 2026 and December 31, 2025, respectively) (Note 6) 37,652 107,117

Accounts receivable (including $ 61,151 and $ 55,432 due from related parties at June 30, 2026 and December 31, 2025, respectively) 74,835 64,452

Income taxes receivable 498 —

22 unchanged sentences

Contingent consideration 15,766 11,844

Deferred tax liabilities, net (Note 19) 10,678 —

Operating lease liabilities (Note 12) 1,258 1,166

7 unchanged sentences

issued and outstanding:

152,439 and 140,713 at March 31, 2026 and December 31, 2025, respectively 1,524 1,407

151,697 and 140,713 at June 30, 2026 and December 31, 2025, respectively 1,517 1,407

Additional paid-in capital 186,300 189,244

Accumulated other comprehensive income 1,069 2,227

Accumulated other comprehensive (loss)/income ( 2,627 ) 2,227

Retained earnings 233,326 220,794

1 unchanged sentence

Total liabilities and stockholders’ equity $ 1,645,171 $ 1,512,941

The accompanying notes are an integral part of these consolidated financial statements.

The accompanying notes

are an integral part of these consolidated financial statements.

WisdomTree, Inc.

3 unchanged sentences

Three Months Ended

Six Months Ended

Operating Revenues:

20 unchanged sentences

Interest income 3,203 2,090 5,795 3,987

Loss on extinguishment of convertible notes (Note 9 ) ( 62,302 ) —

Loss on repurchase of convertible notes (Note 9) ( 6,623 ) — ( 68,925 ) —

Remeasurement of contingent consideration (Note 10) ( 1,360 ) — ( 3,922 ) —

Other losses, net ( 637 ) ( 250 )

(Loss)/income before income taxes ( 14,582 ) 30,368

Other gains, net 6,368 638 5,731 388

Income before income taxes 58,547 31,870 43,965 62,238

Income tax expense 14,263 7,093 22,812 12,832

Net (loss)/income $ ( 23,131 ) $ 24,629

(Loss)/earnings per share—basic $ ( 0.17 ) $ 0.17

(Loss)/earnings per share—diluted $ ( 0.17 ) $ 0.17

Net income $ 44,284 $ 24,777 $ 21,153 $ 49,406

Earnings per share—basic $ 0.30 $ 0.17 $ 0.15 $ 0.35

Earnings per share—diluted $ 0.28 $ 0.17 $ 0.14 $ 0.34

Weighted-average common shares—basic 149,001 143,076 143,533 142,830

1 unchanged sentence

Cash dividends declared per common share $ 0.03 $ 0.03 $ 0.06 $ 0.06

The accompanying notes are an integral part of these consolidated financial statements.

The accompanying notes are an integral part

of these consolidated financial statements.

WisdomTree, Inc.

and Subsidiaries

Consolidated Statements of Comprehensive (Loss)/Income

Consolidated Statements of Comprehensive Income

(In Thousands)

Three Months Ended

Net (loss)/income $ ( 23,131 ) $ 24,629

Six Months Ended

Net income $ 44,284 $ 24,777 $ 21,153 $ 49,406

Other comprehensive (loss)/income

1 unchanged sentence

Other comprehensive (loss)/income ( 3,696 ) 3,561 ( 4,854 ) 5,467

Comprehensive (loss)/income $ ( 24,289 ) $ 26,535

The accompanying notes are an integral partof these consolidated financial statements.

Comprehensive income $ 40,588 $ 28,338 $ 16,299 $ 54,873

The accompanying notes are an integral part

of these consolidated financial statements.

WisdomTree, Inc.

and Subsidiaries

Consolidated Statements of Changes in Stockholders’ Equity

Consolidated Statements of Changes in Stockholders’

(In Thousands)

Three Months Ended March 31, 2026

Common Stock Additional Accumulated

Value Paid-In

Capital Comprehensive

Income/(Loss) Retained

Earnings Total

Three Months Ended June 30, 2026

Comprehensive

Income/(Loss)

Balance—April 1, 2026 152,439 $ 1,524 $ 279,000 $ 1,069 $ 193,425 $ 475,018

Restricted stock issued and vesting of restricted stock units, net 748 8 ( 8 ) — — —

Repurchase and maturity of convertible notes, net of income taxes (Note 9) — — ( 74,554 ) — — ( 74,554 )

Shares repurchased ( 1,490 ) ( 15 ) ( 25,912 ) — — ( 25,927 )

Stock-based compensation — — 7,774 — — 7,774

Other comprehensive loss — — — ( 3,696 ) — ( 3,696 )

Dividends — — — — ( 4,383 ) ( 4,383 )

Net income — — — — 44,284 44,284

Balance—June 30, 2026 151,697 $ 1,517 $ 186,300 $ ( 2,627 ) $ 233,326 $ 418,516

Three Months Ended June 30, 2025

Comprehensive

Balance—April 1, 2025 147,034 $ 1,470 $ 263,818 $ 299 $ 150,044 $ 415,631

Restricted stock issued and vesting of restricted stock units, net 27 1 ( 1 ) — — —

Stock-based compensation — — 5,527 — — 5,527

Other comprehensive income — — — 3,561 — 3,561

Dividends — — — — ( 4,409 ) ( 4,409 )

Net income — — — — 24,777 24,777

Balance—June 30, 2025 147,061 $ 1,471 $ 269,344 $ 3,860 $ 170,412 $ 445,087

The accompanying notes are an integral

part of these consolidated financial statements.

WisdomTree, Inc.

and Subsidiaries

Consolidated Statements of Changes in Stockholders’

(In Thousands)

Six Months Ended June 30, 2026

Comprehensive

(Loss)/Income

Balance—January 1, 2026 140,713 $ 1,407 $ 189,244 $ 2,227 $ 220,794 $ 413,672

Restricted stock issued and vesting of restricted stock units, net 2,995 30 ( 30 ) — — —

Repurchase of convertible notes maturing in 2029, net of income taxes (Note 9) — — ( 41,985

) — — ( 41,985

Repurchase and maturity of convertible notes, net of income taxes (Note 9) — — ( 116,539 ) — — ( 116,539 )

Shares issued in connection with the repurchase of convertible notes maturing in 2026 and 2029 (Note 9) 11,000 110 148,280 — — 148,390

3 unchanged sentences

Dividends — — — — ( 8,621 ) ( 8,621 )

Net loss — — — — ( 23,131 ) ( 23,131 )

Balance—March 31, 2026 152,439 $ 1,524 $ 279,000 $ 1,069 $ 193,425 $ 475,018

Three Months Ended March 31, 2025

Additional Accumulated

Value Paid-In

Capital Comprehensive

(Loss)/Income Retained

Earnings Total

Net income — — — — 21,153 21,153

Balance—June 30, 2026 151,697 $ 1,517 $ 186,300 $ ( 2,627 ) $ 233,326 $ 418,516

Six Months Ended June 30, 2025

Comprehensive

(Loss)/Income

Balance—January 1, 2025 146,102 $ 1,461 $ 270,303 $ ( 1,607 ) $ 129,823 $ 399,980

5 unchanged sentences

Net income — — — — 49,406 49,406

Balance—March 31, 2025 147,034 $ 1,470 $ 263,818 $ 299 $ 150,044 $ 415,631

The accompanying notes are an integral part of these consolidated financial statements.

Balance—June 30, 2025 147,061 $ 1,471 $ 269,344 $ 3,860 $ 170,412 $ 445,087

The accompanying notes are an integral part

of these consolidated financial statements.

WisdomTree, Inc.

2 unchanged sentences

(In Thousands)

Three Months Ended

Six Months Ended

Cash flows from operating activities:

Net (loss)/income $ ( 23,131 ) $ 24,629

Adjustments to reconcile net (loss)/income to net cash provided by operating activities:

Loss on extinguishment of convertible notes 62,302 —

Net income $ 21,153 $ 49,406

Adjustments to reconcile net income to net cash provided by operating activities:

Loss on repurchase of convertible notes 68,925 —

Advisory and license fees paid in gold, other precious metals and cryptocurrency ( 47,838 ) ( 32,532 )

Stock-based compensation 16,205 11,765

Deferred income taxes 3,395 5,835

Increase in fair value of contingent consideration 2,562 —

Depreciation and amortization 5,511 1,120

Increase in fair value of contingent consideration 3,922 —

Amortization of issuance costs—convertible notes 2,417 1,252

Losses on financial instruments owned, at fair value 882 440

Gains on financial instruments owned, at fair value ( 1,950 ) ( 844 )

Amortization of right of use asset 987 662

Losses/(gains) on investments 452 ( 316 )

Imputed interest on payable to GBH 477 923

Losses/(gains) on investments 437 ( 920 )

Deferred income taxes 118 4,206

Changes in operating assets and liabilities:

Accounts receivable ( 5,367 ) 3,562

Income taxes receivable/payable ( 2,572 ) ( 4,092 )

Income taxes payable ( 3,166 ) ( 4,770 )

Prepaid expenses ( 4,892 ) ( 5,000 )

7 unchanged sentences

Cash flows from investing activities:

Cash paid—Atlantic House acquisition, net of cash acquired ( 197,488 ) —

Purchase of financial instruments owned, at fair value ( 12,906 ) ( 15,756 )

1 unchanged sentence

Purchase of fixed assets ( 216 ) ( 117 )

Purchase of investments — ( 4,000 )

Proceeds from the sale of financial instruments owned, at fair value 83,085 4,478

Proceeds from held-to-maturity securities maturing or called prior to maturity — 6

Net cash provided by/(used in) investing activities 38,639 ( 214 )

Net cash used in investing activities ( 129,438 ) ( 16,712 )

Cash flows from financing activities:

7 unchanged sentences

(Decrease)/increase in cash flow due to changes in foreign exchange rate ( 1,998 ) 7,523

Net increase/(decrease) in cash, cash equivalents and restricted cash 313,773 ( 10,818 )

Net (decrease)/increase in cash, cash equivalents and restricted cash ( 16,918 ) 12,482

Cash, cash equivalents and restricted cash—beginning of year 311,732 181,191

14 unchanged sentences

Building on its heritage of innovation, the Company offers next-generation digital products and services related to tokenized real world assets and stablecoins, including tokenized mutual funds (“Digital Funds”), as well as its institutional platform, WisdomTree Connect, and blockchain-native digital wallet, WisdomTree Prime.

We also have expanded into private assets through our acquisition of Ceres Partners, LLC, a leading U.S.-based alternative asset manager specializing in farmland investments.

We also have expanded into private assets through our acquisition of Ceres Partners, LLC, a leading U.S.-based alternative asset manager specializing in farmland investments, and into active investment strategies focused on defined outcome and derivatives-driven solutions through our acquisition of Atlantic House Holdings Limited (“Atlantic House”).

The Company has the following wholly-owned operating subsidiaries:

34 unchanged sentences

· WisdomTree Digital Trust Company, LLC is a New York based limited liability trust company that has been formed to operate as a limited purpose trust company under New York Banking Law and is licensed to engage in virtual currency business activity by the New York State Department of Financial Services.

· Ceres Partners, LLC (“Ceres”) is an Indiana based investment adviser registered with the SEC, providing investment advisory and other management services to Ceres Farms, LLC (“Ceres Farms”), an open-ended investment fund whose objective is to generate attractive total return through the acquisition and management of farmland primarily in the midwestern U.S.

· Ceres Securities, LLC is an Indiana based limited purpose broker-dealer registered with the SEC and a member of FINRA, that operates as a placement agent for Ceres Farms, earning placement fees on sales of interests to investors it introduces.

· Ceres Partners, LLC (“Ceres”) is an Indiana based investment adviser registered with the SEC, providing investment advisory and other management services to Ceres Farms, LLC (“Ceres Fund I”) and recently formed Ceres Farms Fund II, LP (“Ceres Fund II” and together with Ceres Fund I, the “Ceres Funds”), open-ended investment funds whose objective is to generate an attractive total return through the acquisition and management of farmland primarily in the midwestern U.S.

· Ceres Securities, LLC is an Indiana based limited purpose broker-dealer registered with the SEC and a member of FINRA, that operates as a placement agent for the Ceres Funds, earning placement fees on sales of interests to investors it introduces.

· Atlantic House Group Limited and its wholly owned subsidiary, Atlantic House Investments Limited, are U.K.

based companies authorized and regulated by the Financial Conduct Authority.

They provide investment management services to Atlantic House UCITS ICAV (“AHICAV”) in respect of the funds issued by AHICAV and to other funds, model portfolio services and bespoke derivative brokerage services to professional clients and financial advisers.

· ASP Investment Management Limited is a U.K.

based company that provides multi-asset model portfolios and fund solutions to U.K.

financial advisers and wealth managers.

Acquisition of Atlantic House Holdings Limited

On March 13, 2026, the Company and WisdomTree International Holdings Ltd, a wholly-owned subsidiary of the Company (the “Purchaser”), entered into a Sale and Purchase Agreement (“Atlantic House Purchase Agreement”) with Atlantic House Holdings Limited (“Atlantic House”), the shareholders of Atlantic House (collectively, the “Sellers”), the EBT Trustee and the Individual Guarantor, pursuant to which the Purchaser agreed to acquire from the Sellers all of the issued and outstanding share capital of Atlantic House, subject to the terms and conditions set forth therein.

On May 1, 2026, the Purchaser completed the Atlantic House acquisition for aggregate consideration consisting of £ 150,000 (approximately $ 200,000 ) in cash payable at closing, subject to customary post-closing adjustments, including adjustments to cash, indebtedness and working capital.

See Note 3 for additional information.

Significant Accounting Policies

4 unchanged sentences

All intercompany accounts and transactions have been eliminated in consolidation.

The financial results of Ceres are included in the Company’s consolidated financial statements since the acquisition date, October 1, 2025 (See Note 3).

The financial results of Ceres and Atlantic House are included in the Company’s consolidated financial statements since their acquisition dates, October 1, 2025 and May 1, 2026, respectively (See Note 3).

Consolidation

24 unchanged sentences

Management and Performance Fees - Ceres

The Company earns management fees in exchange for Ceres providing investment advisory and other management services to Ceres Farms.

The Company earns management fees in exchange for Ceres providing investment advisory and other management services to the Ceres Funds.

Management fees are generally calculated as a stated percentage of members’ capital account balances as of the last day of each calendar quarter, subject to adjustment for any contractual waivers as well as contributions and redemptions arising in any particular quarter.

Management fees are recognized as revenue over time, as the performance obligation is satisfied.

Performance fees represent variable consideration and are earned based on a specified percentage of Ceres Farms’ net profits, subject to contractual fee waivers, high-water marks and loss recovery requirements.

Performance fees represent variable consideration and are earned based on a specified percentage of the Ceres Funds’ net profits, subject to contractual fee waivers, high-water marks and loss recovery requirements.

Performance fees are earned only after members have recovered prior losses and applicable thresholds have been met.

1 unchanged sentence

Other Revenues

Other revenues are earned from swap providers associated with certain of the Company’s European listed ETPs, the nature of which are based on a percentage of the ETPs’ average daily net assets.

The Company also earns transaction-based income on flows associated with certain European listed ETPs.

There is no significant judgment in calculating amounts due, which are invoiced monthly or quarterly in arrears and are not subject to any potential reversal.

Progress is measured using the practical expedient under the output method resulting in the recognition of revenue in the amount for which the Company has a right to invoice.

Other revenues include amounts earned from swap providers associated with certain of the Company’s European-listed ETPs, which are generally based on a percentage of the ETPs’ average daily net assets, and transaction-based income associated with flows into certain European-listed ETPs.

Also included in other revenues are amounts the Company earns from Atlantic House’s managed models business, generally based on a percentage of assets under advisement, as well as structuring fees for bespoke investment solutions.

Revenue is recognized as the related services are performed.

Asset-based fees are recognized over time, based on assets under advisement or net assets.

Transaction-based revenues are recognized as the underlying transactions occur, while structuring fees are recognized upon issuance of the related structured product, at which point the Company’s performance obligation has been satisfied.

Amounts are generally invoiced monthly or quarterly in arrears.

The Company applies the practical expedient under the output method, recognizing revenue in the amount to which it has the right to invoice, as this corresponds directly with the value transferred to the client.

There is no significant judgment in determining the transaction price, and the related revenues are not subject to significant reversal.

Marketing and Advertising

2 unchanged sentences

Depreciation and amortization is provided for using the straight-line method over the estimated useful lives of the related assets as follows:

Intangible assets—Ceres Acquisition (Note 21 ) 25 years

Equipment 3 to 5 years

1 unchanged sentence

The assets listed above are recorded at cost, less accumulated depreciation and amortization.

See Note 21 for estimated useful lives of intangible assets.

Stock-Based Awards

14 unchanged sentences

Financial Instruments Owned (at Fair Value)

Financial instruments owned are financial instruments classified as either trading or available-for-sale (“AFS”).

These financial instruments are recorded on their trade date and are measured at fair value.

All equity instruments that have readily determinable fair values are classified by the Company as trading.

Debt instruments are classified based primarily on the Company’s intent to hold or sell the instrument.

Changes in the fair value of debt instruments classified as trading and AFS are reported in other income/(expenses) and other comprehensive income, respectively, in the period the change occurs.

Debt instruments classified as AFS are assessed for impairment on a quarterly basis and an estimate for credit loss is provided when the fair value of the AFS debt instrument is below its amortized cost basis.

Credit-related impairments are recognized in earnings with a corresponding adjustment to the instrument’s amortized cost basis if the Company intends to sell the impaired AFS debt instrument or it is more likely than not the Company will be required to sell the instrument before recovering its amortized cost basis.

Other credit-related impairments are recognized as an allowance with a corresponding adjustment to earnings.

Impairments resulting from noncredit-related factors are recognized in other comprehensive income.

Amounts recorded in other comprehensive income are reclassified into earnings upon sale of the AFS debt instrument using the specific identification method.

Financial instruments owned are classified as trading and are recorded on the trade date and measured at fair value.

Changes in fair value are reported in other income/(expenses) in the period the change occurs.

The Company accounts for equity investments that do not have a readily determinable fair value under the measurement alternative prescribed in Accounting Standards Codification (“ASC”) Topic 321, Investments – Equity Securities (“ASC 321”), to the extent such investments are not subject to consolidation or the equity method.

14 unchanged sentences

Indefinite-lived intangible assets are impaired if their estimated fair values are less than their carrying values.

Finite-lived intangible assets, if any, are amortized over their estimated useful life, which is the period over which the assets are expected to contribute directly or indirectly to the future cash flows of the Company.

Finite-lived intangible assets are amortized over their estimated useful life, which is the period over which the assets are expected to contribute directly or indirectly to the future cash flows of the Company.

These intangible assets are tested for impairment at the time of a triggering event, if one were to occur.

29 unchanged sentences

Basic earnings per share (“EPS”) is computed by dividing net income available to common stockholders by the weighted-average number of common shares outstanding for the period.

Net income available to common stockholders represents net income of the Company reduced by an allocation of earnings to participating securities, as well as the loss related to the repurchase of the Series A Non-Voting Convertible Preferred Stock (the “Series A Preferred Stock”) and excise tax on stock repurchases.

The Series A Preferred Stock, the Series C Non-Voting Convertible Preferred Stock (the “Series C Preferred Stock”) and unvested share-based payment awards that contained non-forfeitable rights to dividends or dividend equivalents (whether paid or unpaid) were participating securities while they were outstanding and were included in the computation of EPS pursuant to the two-class method.

Net income available to common stockholders represents net income of the Company reduced by an allocation of earnings to participating securities and excise tax on stock repurchases.

Unvested share-based payment awards that contained non-forfeitable rights to dividends or dividend equivalents (whether paid or unpaid) were participating securities while they were outstanding and were included in the computation of EPS pursuant to the two-class method.

Share-based payment awards that do not contain such rights are not deemed participating securities and are included in diluted shares outstanding (if dilutive).

1 unchanged sentence

The calculation that results in the lowest diluted EPS amount for the common stock is reported in the Company’s consolidated financial statements.

The treasury stock method includes the dilutive effect of potential common shares including unvested stock-based awards, the Series A Preferred Stock, the Series C Preferred Stock and the convertible notes, if any.

Potential common shares associated with the Series A Preferred Stock, the Series C Preferred Stock and the convertible notes were computed under the if-converted method.

The treasury stock method includes the dilutive effect of potential common shares including unvested stock-based awards.

Potential common shares associated with the convertible notes were computed under the if-converted method.

Potential common shares associated with the conversion option embedded in the convertible notes are dilutive when the Company’s average stock price exceeds the conversion price.

24 unchanged sentences

The guidance is effective for annual reporting periods beginning after December 15, 2025 (and interim reporting periods within those annual reporting periods).

The Company adopted this guidance during the current quarter, and the impact of the adoption has been reflected in the financial statements and related disclosures.

The Company adopted this guidance on January 1, 2026, and the impact of the adoption has been reflected in the financial statements and related disclosures.

Business Combination

On July 31, 2025, the Company and WisdomTree Farmland Holdings, LLC (formerly WisdomTree Farmland Holdings, Inc.), a wholly-owned subsidiary of the Company (the “Purchaser”), entered into an Equity Purchase Agreement (the “Ceres Purchase Agreement”) with Ceres, the members of Ceres (together, the “Sellers”), and an individual acting as the Sellers’ representative, pursuant to which the Purchaser agreed to acquire from the Sellers all of the issued and outstanding equity interests of Ceres (the “Ceres Acquisition”), subject to the terms and conditions set forth therein.

Atlantic House

As previously disclosed in Note 1, on May 1, 2026, the Company completed the Atlantic House acquisition.

Pursuant to the Atlantic House Purchase Agreement, the purchase price consisted of £ 150,000 (approximately $ 200,000 ) in cash payable at closing, subject to customary post-closing adjustments, including adjustments to cash, indebtedness and working capital.

After giving effect to such adjustments, the purchase consideration paid was £ 154,537 ($ 209,099 ).

Preliminary Purchase Price Allocation

The Atlantic House acquisition is accounted for under the acquisition method of accounting in accordance with ASC Topic 805, Business Combinations , which requires an allocation of the consideration paid by the Company to the identifiable assets and liabilities of Atlantic House based on the estimated fair values as of the closing date of the acquisition.

Because the acquisition closed on May 1, 2026, the purchase price allocation is preliminary and subject to refinement as the Company completes its valuation of certain assets acquired and liabilities assumed.

A preliminary allocation of the consideration paid is presented below and includes the Company’s preliminary estimates of the fair value of tangible and intangible assets acquired and liabilities assumed.

The following table summarizes the preliminary allocation of the purchase price as of the acquisition date:

Purchase consideration paid $ 209,099

Total purchase price $ 209,099

Allocation of consideration:

Cash and cash equivalents $ 11,611

Other net tangible assets 444

Intangible assets (1) 88,458

Deferred tax liability (2) ( 21,831 )

Fair value of net assets acquired $ 78,682

Goodwill resulting from the Atlantic House acquisition (3) $ 130,417

_________________

(1) Represents the preliminary purchase price allocation to management contracts ($ 70,776 ), customer relationships ($ 10,663 ), non-compete agreements ($ 4,724 ), trade names and trademarks ($ 1,350 ) and model distribution relationships ($ 945 ).

Management contracts, customer relationships and model distribution relationships were valued using the multi-period excess earnings method based on the existing contractual rights, assets under management and customer relationships existing at the acquisition date.

Significant unobservable inputs used to value the management contracts included a long-term revenue growth rate of 5.0 %.

The customer relationships and model distribution relationships included attrition assumptions of 15.0 % and 10.0 %, respectively.

Trade names and trademarks were valued using the relief-from-royalty method assuming a royalty rate of 2.0 %.

Non-compete agreements were valued using the with-and-without method assuming probability of competition of 20.0 %.

See Note 21 for additional information, including the useful lives of these finite lived assets.

(2) The acquired goodwill and intangible assets are not deductible for income tax purposes.

Accordingly, the purchase price allocation includes a deferred tax liability for the difference between the assigned fair values and tax bases of the identifiable intangible assets, resulting in a corresponding increase to goodwill.

(3) Goodwill arising from the Atlantic House acquisition primarily represents the expected future economic benefits associated with integrating Atlantic House’s investment management capabilities into the Company's existing business, including developing new products, broadening distribution through the Company’s existing U.S.

and European sales channels and other future growth opportunities.

Goodwill also includes the value attributable to the assembled workforce, which does not qualify for separate recognition.

Acquisition-related costs

The Company incurred acquisition-related costs associated with the Atlantic House acquisition of $ 1,118 and $ 3,051 , respectively, during the three and six months ended June 30, 2026, the nature of which included professional advisor fees and stamp duty taxes.

Results of operations

Since the acquisition date of May 1, 2026, Atlantic House contributed revenues of $ 5,913 and income before taxes of $ 2,003 to the Company's consolidated results of operations for the three and six months ended June 30, 2026.

On July 31, 2025, the Company and WisdomTree Farmland Holdings, LLC (formerly WisdomTree Farmland Holdings, Inc.), a wholly-owned subsidiary of the Company (the “Purchaser”), entered into an Equity Purchase Agreement (the “Ceres Purchase Agreement”) with Ceres, the members of Ceres (together, the “Sellers”), and an individual acting as the Sellers’ representative, pursuant to which the Purchaser agreed to acquire from the Sellers all of the issued and outstanding equity interests of Ceres, subject to the terms and conditions set forth therein.

On October 1, 2025, the Purchaser completed the Ceres acquisition for aggregate consideration consisting of (i) $ 275,000 in cash payable at closing subject to customary post-closing adjustments, including adjustments to cash, indebtedness and working capital, and (ii) earnout consideration of up to $ 225,000 , payable in 2030, contingent upon Ceres achieving a compound annual growth rate (“CAGR”) in revenue of 12 % to 22 % during the earnout measurement period of January 1, 2025 through December 31, 2029.

1 unchanged sentence

The Ceres acquisition is accounted for under the acquisition method of accounting in accordance with ASC Topic 805, Business Combinations , which requires an allocation of the consideration paid by the Company to the identifiable assets and liabilities of Ceres based on the estimated fair values as of the closing date of the acquisition.

An allocation of the consideration transferred is presented below and includes the Company’s valuation of the fair value of tangible and intangible assets acquired and liabilities assumed.

An allocation of the consideration paid is presented below and includes the Company’s valuation of the fair value of tangible and intangible assets acquired and liabilities assumed.

The following table summarizes the allocation of the purchase price as of the acquisition date:

13 unchanged sentences

This method relied upon significant unobservable inputs including a long-term revenue growth rate of approximately ( 0.1 %) and a discount rate of 15.5 %.

The revenue growth rate contemplates that Ceres Farms, the fund from which the Company derives revenues, will cease accepting new capital, with future business expected to be allocated to a new farmland fund to be formed.

The revenue growth rate contemplates that Ceres Fund I, the fund from which the Company derives revenues, has ceased accepting new capital, with future business expected to be allocated to Ceres Fund II.

The trade name is finite-lived (estimated useful life of 25 years) and was valued using the relief-from-royalty method.

2 unchanged sentences

Goodwill is not amortized for financial reporting purposes, and both goodwill and intangible assets are expected to be fully deductible for tax purposes.

Acquisition-related costs

The Company incurred acquisition-related costs associated with the Ceres acquisition of $ 1,967 during the three and six months ended June 30, 2025, the nature of which included professional advisor fees.

Supplemental Unaudited Pro Forma Financial Information

The following table presents unaudited supplemental pro forma financial information of the Company as if the Atlantic House and Ceres acquisitions had occurred on January 1, 2025.

The unaudited pro forma financial information was derived from the historical financial results of the Company, Atlantic House and Ceres for all periods presented and was adjusted to give effect to pro forma adjustments that are directly attributable to the Atlantic House and Ceres acquisitions, factually supportable and expected to have a continuing impact on the combined results following the acquisitions.

Three Months Ended Six Months Ended

June 30, 2026 June 30, 2025 June 30, 2026 June 30, 2025

Revenue $ 180,476 $ 130,124 $ 349,368 $ 253,053

Net income ( 1 ) $ 46,894 $ 24,196 $ 27,282 $ 47,682

____________________________

(1) Includes $ 2,400 of intangible amortization expense (net of income taxes) for the three months ended June 30, 2026 and 2025, and $ 4,800 of intangible amortization expense (net of income taxes) for the six months ended June 30, 2026 and 2025, respectively.

Significant adjustments reflected in the unaudited pro forma financial information include amortization expense associated with the acquired identifiable intangible assets, interest expense associated with acquisition financing, the elimination of nonrecurring acquisition-related costs directly attributable to the acquisitions, and the related income tax effects of the pro forma adjustments.

The unaudited supplemental pro forma financial information is presented for informational purposes only and is not necessarily indicative of the results of operations that would have been achieved had the Atlantic House and Ceres acquisitions occurred on January 1, 2025, nor is it necessarily indicative of future operating results.

Cash, Cash Equivalents and Restricted Cash

Of the total cash, cash equivalents and restricted cash of $ 625,505 and $ 311,732 at March 31, 2026 and December 31, 2025, respectively, $ 585,487 and $ 294,158 were held at three financial institutions.

At March 31, 2026 and December 31, 2025, cash equivalents were approximately $ 258,450 and $ 161,063 , respectively.

Certain of the Company’s subsidiaries are required to maintain a minimum level of regulatory capital, generally satisfied by cash on hand, which was $ 40,027 and $ 38,861 at March 31, 2026 and December 31, 2025, respectively.

Of these amounts, $ 11,621 and $ 11,700 , at March 31, 2026 and December 31, 2025, respectively, was restricted cash, which is required to be maintained in a separate account with withdrawal and usage restrictions in compliance with regulatory obligations.

Of the total cash, cash equivalents and restricted cash of $ 294,814 and $ 311,732 at June 30, 2026 and December 31, 2025, respectively, $ 291,230 and $ 294,158 were held at three financial institutions.

At June 30, 2026 and December 31, 2025, cash equivalents were approximately $ 120,282 and $ 161,063 , respectively.

Certain of the Company’s subsidiaries are required to maintain a minimum level of regulatory capital, generally satisfied by cash on hand, which was $ 48,112 and $ 38,861 at June 30, 2026 and December 31, 2025, respectively.

Of these amounts, $ 11,917 and $ 11,700 , at June 30, 2026 and December 31, 2025, respectively, was restricted cash, which is required to be maintained in a separate account with withdrawal and usage restrictions in compliance with regulatory obligations.

Fair Value Measurements

15 unchanged sentences

The tables below summarize the categorization of the Company’s assets and liabilities measured at fair value.

During the three months ended March 31, 2026 and 2025, there were no transfers between Levels 2 and 3.

March 31, 2026

During the three and six months ended June 30, 2026 and 2025, there were no transfers between Levels 2 and 3.

June 30, 2026

Total Level 1 Level 2 Level 3

43 unchanged sentences

These instruments consist of the following:

Three Months Ended

Other Investments:

Three Months Ended June 30, Six Months Ended June 30,

2026 2025 2026 2025

Other Investments (Note 7)

Beginning balance $ — $ 755 $ — $ 687

6 unchanged sentences

____________________________

(1) Recorded in impairments and other losses, net in the Consolidated Statements of Operations.

(1) Recorded in other gains, net in the Consolidated Statements of Operations

(2) Recorded in remeasurement of contingent consideration in the Consolidated Statements of Operations.

6 unchanged sentences

Total $ 37,652 $ 107,117

The Company recognized net trading losses on financial instruments owned that were still held at the reporting dates of $ 779 and $ 545 during the three months ended March 31, 2026 and 2025, respectively, which were recorded in other losses, net, in the Consolidated Statements of Operations.

The Company recognized net trading gains on financial instruments owned that were still held at the reporting dates of $ 787 and $ 8 , respectively, during the three and six months ended June 30, 2026, and $ 1,110 and $ 503 , respectively, during the comparable periods in 2025, which were recorded in other gains, net, in the Consolidated Statements of Operations.

The following table sets forth the Company’s investments:

March 31, 2026 December 31, 2025

June 30, 2026 December 31, 2025

Cost Carrying

12 unchanged sentences

The investment is assessed for impairment and similar observable transactions on a quarterly basis.

Net unrealized (losses)/gains recognized on this investment were ($ 452 ) and $ 247 during the three months ended March 31, 2026 and 2025, respectively, due to changes in the British pound to U.S.

Net unrealized gains/(losses) recognized on this investment were $ 15 and ($ 437 ), respectively, during the three and six months ended June 30, 2026 and $ 511 and $ 758 , respectively, during the comparable periods in 2025, inclusive of changes in the British pound to U.S.

dollar exchange rate.

These results are recorded in other (losses), net on the Consolidated Statements of Operations.

The Company’s investment in Fnality Series B-1 Shares was re-measured to fair value upon the occurrence of the Fnality C-1 Shares qualified equity financing in September 2025.

6 unchanged sentences

Probability of regulatory approval or qualified financing before time to exit 100 %

There was no impairment recognized on this investment during the three months ended March 31, 2026 and 2025 based upon a qualitative assessment.

There was no impairment recognized on this investment during the three and six months ended June 30, 2026 and 2025 based upon a qualitative assessment.

In June 2025, the Company made a $ 4,000 strategic minority investment in Quorus Inc.

4 unchanged sentences

The investment is assessed for impairment and similar observable transactions on a quarterly basis.

There was no impairment recognized on this investment during the three months ended March 31, 2026 based upon a qualitative assessment.

There was no impairment recognized on this investment during the three and six months ended June 30, 2026 based upon a qualitative assessment.

Other Investments

8 unchanged sentences

Convertible Notes

The Company has the following convertible notes outstanding as of March 31, 2026:

· $ 75,000 in aggregate principal amount of the 2026 Notes;

· $ 70,000 in aggregate principal amount of the 2029 Notes;

The Company has the following convertible notes outstanding as of June 30, 2026:

· $ 18,103 in aggregate principal amount of the 2029 Notes, to be redeemed in full for cash on September 2, 2026;

· $ 475,000 in aggregate principal amount of 4.625 % Convertible Senior Notes due 2030 (the “2030 Notes”);

3 unchanged sentences

Bank National Association, the “Trustee”), in private offerings to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended.

In connection with the issuance of the 2031 Notes, the Company exchanged $ 75,000 in aggregate principal amount of the 2026 Notes for 6,807,374 shares of common stock and $ 275,000 in aggregate principal amount of the 2029 Notes for $ 302,675 in cash and 4,192,620 shares of common stock.

As a result of these transactions, during the three months ended March 31, 2026, the Company recognized a loss totaling $ 62,302 , comprised of a $ 16,922 loss on extinguishment associated with the repurchase of the 2026 Notes and a $ 45,380 inducement expense related to the repurchase of the 2029 Notes, which was accounted for as an induced conversion.

As of March 31, 2026, the Company had an aggregate principal amount of $ 1,223,750 outstanding of the 2026 Notes, the 2029 Notes, the 2030 Notes and the 2031 Notes (collectively, the “Convertible Notes”).

In connection with the issuance of the 2031 Notes in March 2026, the Company exchanged $ 75,000 in aggregate principal amount of the 2026 Notes for 6,807,374 shares of common stock and $ 275,000 in aggregate principal amount of the 2029 Notes for $ 302,675 in cash and 4,192,620 shares of common stock.

Additionally, in June 2026, the Company retired the remaining $ 75,000 in aggregate principal amount of the 2026 Notes and $ 51,897 in aggregate principal amount of the 2029 Notes for cash of $ 120,147 and $ 87,366 , respectively.

As a result of these transactions, the Company recognized the following:

· During the three months ended June 30, 2026, the Company recognized a loss of $ 6,623 arising from the repurchase of the 2029 Notes, which was accounted for as an induced conversion.

Additionally, $ 74,554 was recorded as a reduction to equity as a result of this transaction, as well as the maturity of the remaining $ 75,000 aggregate principal amount of the 2026 Notes;

· During the six months ended June 30, 2026, the Company recognized a loss of $ 68,925 , comprised of a loss on extinguishment of $ 16,922 associated with the repurchase of the 2026 Notes and a loss of $ 52,003 arising from the repurchase of the 2029 Notes, which was accounted for as an induced conversion.

Additionally, $ 116,539 was recorded as a reduction to equity resulting from these transactions, as well as the maturity of the remaining $ 75,000 aggregate principal amount of the 2026 Notes.

As of June 30, 2026, the Company had an aggregate principal amount of $ 1,096,853 outstanding of the 2029 Notes, the 2030 Notes and the 2031 Notes (collectively, the “Convertible Notes”).

Key terms of the Convertible Notes are as follows:

2026 Notes 2029 Notes 2030 Notes 2031 Notes

2029 Notes 2030 Notes 2031 Notes

Principal outstanding $ 18,103 $ 475,000 $ 603,750

Issuance date June 14, 2021 August 13, 2024 August 14, 2025 March 30, 2026

Maturity date (unless earlier converted, repurchased or redeemed) June 15, 2026 August 15, 2029 August 15, 2030 October 1, 2031

Issuance date August 13, 2024 August 14, 2025 March 30, 2026

Maturity date (unless earlier converted, repurchased or redeemed) August 15, 2029 August 15, 2030 October 1, 2031

Interest rate 3.25 % 4.625 % 4.50 %

3 unchanged sentences

· Interest payment dates:

Payable semiannually in arrears on June 15 and December 15 of each year for the 2026 Notes, on February 15 and August 15 of each year for the 2029 Notes and the 2030 Notes and on April 1 and October 1 of each year for the 2031 Notes.

Payable semiannually in arrears on February 15 and August 15 of each year for the 2029 Notes and the 2030 Notes and on April 1 and October 1 of each year for the 2031 Notes.

· Conversion price:

1 unchanged sentence

· Conversion:

Holders may convert at their option at any time prior to the close of business on the business day immediately preceding March 15, 2026, May 15, 2029, May 15, 2030 and July 1, 2031 for the 2026 Notes, the 2029 Notes, the 2030 Notes and the 2031 Notes, respectively, only under the following circumstances:

Holders may convert at their option at any time prior to the close of business on the business day immediately preceding May 15, 2029, May 15, 2030 and July 1, 2031 for the 2029 Notes, the 2030 Notes and the 2031 Notes, respectively, only under the following circumstances:

(i) if the last reported sale price of the Company’s common stock for at least 20 trading days during a period of 30 consecutive trading days ending on the last trading day of the immediately preceding calendar quarter is greater than or equal to 130 % of the conversion price for the respective Convertible Notes on each applicable trading day;

2 unchanged sentences

or (iv) upon the occurrence of specified corporate events.

On or after March 15, 2026, May 15, 2029, May 15, 2030 and July 1, 2031 in respect of the 2026 Notes, the 2029 Notes, the 2030 Notes and the 2031 Notes, respectively, until the close of business on the second scheduled trading day immediately preceding the maturity date, holders may convert their Convertible Notes at any time, regardless of the foregoing circumstances.

On or after May 15, 2029, May 15, 2030 and July 1, 2031 in respect of the 2029 Notes, the 2030 Notes and the 2031 Notes, respectively, until the close of business on the second scheduled trading day immediately preceding the maturity date, holders may convert their Convertible Notes at any time, regardless of the foregoing circumstances.

· Cash settlement of principal amount:

2 unchanged sentences

· Redemption dates:

The Company may redeem for cash all or any portion of the Convertible Notes, at its option, on or after June 20, 2023, August 20, 2026, August 20, 2027 and April 6, 2028 in respect of the 2026 Notes, the 2029 Notes, the 2030 Notes and the 2031 Notes, respectively, and on or prior to the 55 th scheduled trading day with respect to the 2026 Notes and the 2029 Notes and the 45 th scheduled trading day with respect to the 2030 Notes and the 2031 Notes immediately preceding the maturity date, if the last reported sale price of the Company’s common stock has been at least 130 % of the conversion price for the respective Convertible Notes then in effect for at least 20 trading days, including the trading day immediately preceding the date on which the Company provides notice of redemption, during any 30 consecutive trading day period ending on, and including, the trading day immediately preceding the date on which the Company provides notice of redemption, at a redemption price equal to 100 % of the principal amount of the notes to be redeemed, plus accrued and unpaid interest to, but excluding the redemption date.

The Company may redeem for cash all or any portion of the Convertible Notes, at its option, on or after August 20, 2026, August 20, 2027 and April 6, 2028 in respect of the 2029 Notes, the 2030 Notes and the 2031 Notes, respectively, and on or prior to the 55th scheduled trading day with respect to the 2029 Notes and the 45th scheduled trading day with respect to the 2030 Notes and the 2031 Notes immediately preceding the maturity date, if the last reported sale price of the Company’s common stock has been at least 130 % of the conversion price for the respective Convertible Notes then in effect for at least 20 trading days, including the trading day immediately preceding the date on which the Company provides notice of redemption, during any 30 consecutive trading day period ending on, and including, the trading day immediately preceding the date on which the Company provides notice of redemption, at a redemption price equal to 100 % of the principal amount of the notes to be redeemed, plus accrued and unpaid interest to, but excluding the redemption date.

No sinking fund is provided for the Convertible Notes.

2 unchanged sentences

· Conversion rate increase in certain customary circumstances:

In certain circumstances, conversions in connection with a “make-whole fundamental change” (as defined in the indentures) or conversions of Convertible Notes called (or deemed called) for redemption may result in an increase to the conversion rate, provided that the conversion rate will not exceed 144.9275 shares, 103.6269 shares, 75.7003 shares and 74.1282 shares of the Company’s common stock per $ 1,000 principal amount of the 2026 Notes, the 2029 Notes, the 2030 Notes and the 2031 Notes, respectively (the equivalent of 98,835,989 shares of the Company’s common stock based on the aggregate principal amount of Convertible Notes outstanding), subject to adjustment.

In certain circumstances, conversions in connection with a “make-whole fundamental change” (as defined in the indentures) or conversions of Convertible Notes called (or deemed called) for redemption may result in an increase to the conversion rate, provided that the conversion rate will not exceed 103.6269 shares, 75.7003 shares and 74.1282 shares of the Company’s common stock per $ 1,000 principal amount of the 2029 Notes, the 2030 Notes and the 2031 Notes, respectively (the equivalent of 82,588,501 shares of the Company’s common stock based on the aggregate principal amount of Convertible Notes outstanding), subject to adjustment.

· Seniority and Security:

1 unchanged sentence

The indentures contain customary terms and covenants, including that upon certain events of default occurring and continuing, either the Trustee or the respective holders of not less than 25 % in aggregate principal amount of the respective series of Convertible Notes outstanding may declare the entire principal amount of all such respective Convertible Notes to be repurchased, plus any accrued special interest, if any, to be immediately due and payable.

The following table provides a summary of the Convertible Notes at March 31, 2026 and December 31, 2025:

March 31, 2026 December 31, 2025

Notes Total 2026

The following table provides a summary of the Convertible Notes at June 30, 2026 and December 31, 2025:

June 30, 2026 December 31, 2025

Principal amount $ 18,103 $ 475,000 $ 603,750 $ 1,096,853 $ 150,000 $ 345,000 $ 475,000 $ 970,000

4 unchanged sentences

(1) Includes amortization of the issuance costs and premium.

Interest expense on the Convertible Notes during the three months ended March 31, 2026 and 2025 was $ 10,788 and $ 4,986 , respectively.

Interest payable of $ 3,998 and $ 12,813 at March 31, 2026 and December 31, 2025, respectively, is included in accounts payable and other liabilities on the Consolidated Balance Sheets.

The fair value of the Convertible Notes (classified as Level 2 in the fair value hierarchy) at March 31, 2026 and December 31, 2025 was $ 1,336,215 and $ 1,082,570 , respectively.

At March 31, 2026, the if-converted value of the 2026 Notes and the 2029 Notes was $ 98,913 and $ 86,227 , respectively, and the if-converted value of the 2030 Notes and the 2031 Notes did not exceed the principal amount.

Interest expense on the Convertible Notes was $ 14,610 and $ 25,398 , respectively, during the three and six months ended June 30, 2026 and $ 5,022 and $ 10,008 , respectively, during the comparable periods in 2025.

Interest payable of $ 15,630 and $ 12,813 at June 30, 2026 and December 31, 2025, respectively, is included in accounts payable and other liabilities on the Consolidated Balance Sheets.

The fair value of the Convertible Notes (classified as Level 2 in the fair value hierarchy) at June 30, 2026 and December 31, 2025 was $ 1,285,987 and $ 1,082,570 , respectively.

At June 30, 2026, the if-converted value of the 2029 Notes was $ 25,945 and the if-converted value of the 2030 Notes and the 2031 Notes did not exceed the principal amount.

At December 31, 2025, the if-converted value of the 2026 Notes and the 2029 Notes was $ 165,625 and $ 355,799 , respectively, and the if-converted value of the 2030 Notes did not exceed the principal amount.

6 unchanged sentences

Under ASC 805, contingent consideration must be recognized at the acquisition date as part of the consideration transferred for the acquired business.

The fair value of the contingent consideration was $ 14,406 and $ 11,844 at March 31, 2026 and December 31, 2025, respectively.

During the three months ended March 31, 2026, the Company recognized a loss on remeasurement of $ 2,562 which was recognized in the Consolidated Statements of Operations.

The fair value of the contingent consideration was $ 15,766 and $ 11,844 at June 30, 2026 and December 31, 2025, respectively.

During the three and six months ended June 30, 2026, the Company recognized a loss on remeasurement of $ 1,360 and $ 3,922 , respectively, which was recognized in the Consolidated Statements of Operations.

The fair value measurement of the contingent consideration is classified within Level 3 of the fair value hierarchy due to the valuation incorporating significant unobservable inputs.

1 unchanged sentence

The table below presents the inputs used in the remeasurement of contingent consideration:

2026 December 31,

Revenue CAGR through December 31, 2029 10.3 % 8.4 %

4 unchanged sentences

This compensation will be recognized over the service period with an equal and offsetting receivable from the sellers.

Accrued compensation totaled $ 353 at March 31, 2026.

Accrued compensation totaled $ 529 at June 30, 2026.

Payable to Gold Bullion Holdings (Jersey) Limited (“GBH”)

On November 20, 2023, the Company repurchased all of its then-outstanding Series C Preferred Stock, which was convertible into 13,087,000 shares of the Company’s common stock, from GBH, a subsidiary of WGC, for aggregate cash consideration of approximately $ 84,411 .

On November 20, 2023, the Company repurchased all of its then-outstanding Series C Non-Voting Convertible Preferred Stock (the “Series C Preferred Stock”), which was convertible into 13,087,000 shares of the Company’s common stock, from GBH, a subsidiary of WGC, for aggregate cash consideration of approximately $ 84,411 .

Under the terms of the transaction, the Company paid GBH $ 40,000 on the closing date, with the remainder of the purchase price payable in equal, interest-free installments on the first, second and third anniversaries of the closing date.

2 unchanged sentences

GAAP, the obligation was recorded at its present value of $ 38,835 utilizing a market rate of interest on the closing date of 7.0 % and the corresponding discount is being amortized as interest expense pursuant to the effective interest method of accounting over the life of the obligation.

The carrying value of this obligation was $ 14,176 and $ 13,940 at March 31, 2026 and December 31, 2025, respectively.

Interest expense recognized during the three months ended March 31, 2026 and 2025 was $ 235 and $ 455 , respectively, and is included as a component of total interest expense recognized on the Statements of Operations.

The carrying value of this obligation was $ 14,418 and $ 13,940 at June 30, 2026 and December 31, 2025, respectively.

Interest expense recognized was $ 242 and $ 477 , respectively, during the three and six months ended June 30, 2026 and $ 468 and $ 923 , respectively, during the comparable periods in 2025 and is included as a component of total interest expense recognized on the Statements of Operations.

The Company has entered into operating leases for its office facilities (including its corporate headquarters) and equipment.

2 unchanged sentences

Three Months Ended

Six Months Ended

2026 2025 2026 2025

Operating lease cost $ 531 $ 337 $ 987 $ 662

3 unchanged sentences

Cash paid for amounts included in the measurement of operating liabilities (operating leases) $ 484 $ 329 $ 943 $ 655

Right-of-use assets obtained in exchange for new operating lease liabilities n/a

Right-of-use assets obtained in exchange for new operating lease liabilities n/a n/a n/a n/a

Weighted-average remaining lease term (in years) — operating leases 1.8 1.8 1.8 1.8

1 unchanged sentence

None of the Company’s leases include variable payments, residual value guarantees or any restrictions or covenants relating to the Company’s ability to pay dividends or incur additional financing obligations.

The following table discloses future minimum lease payments at March 31, 2026 with respect to the Company’s operating lease liabilities:

The following table discloses future minimum lease payments at June 30, 2026 with respect to the Company’s operating lease liabilities:

Remainder of 2026 $ 1,115

Total future minimum lease payments (undiscounted) $ 3,085

The following table reconciles the future minimum lease payments (disclosed above) at March 31, 2026 to the operating lease liabilities recognized in the Company’s Consolidated Balance Sheets:

The following table reconciles the future minimum lease payments (disclosed above) at June 30, 2026 to the operating lease liabilities recognized in the Company’s Consolidated Balance Sheets:

Amounts recognized in the Company’s Consolidated Balance Sheets

11 unchanged sentences

Since February 2022, all eight actions have been resolved in the Company’s favor, of which two have been appealed.

Total damages sought by investors related to the remaining appealed claims were approximately € 14,530 ($ 16,690 ) at March 31, 2026.

Total damages sought by investors related to the remaining appealed claims were approximately € 15,240 ($ 17,390 ) at June 30, 2026.

The Company continues to assess the appealed claims with its external counsel.

The Company expects that losses, if any, arising from these claims will be covered under its insurance policies, less a $ 500 deductible.

An accrual has not been made with respect to these matters at March 31, 2026 and December 31, 2025.

An accrual has not been made with respect to these matters at June 30, 2026 and December 31, 2025.

Variable Interest Entities

14 unchanged sentences

Three Months Ended

Six Months Ended

2026 2025 2026 2025

Revenues from contracts with customers:

2 unchanged sentences

Performance fees 5,964 — 8,919 —

Other 16,404 8,533

Other revenues 19,527 9,380 35,931 17,913

Total operating revenues $ 177,160 $ 112,621 $ 336,630 $ 220,703

12 unchanged sentences

Management Fees

Management fees are earned in exchange for Ceres providing investment advisory and other management services to Ceres Farms.

Management fees are earned in exchange for Ceres providing investment advisory and other management services to the Ceres Funds.

1 unchanged sentence

Performance Fees

Performance fees are earned only after members have recovered prior losses and applicable thresholds have been met.

1 unchanged sentence

Other Revenues

Other revenues include revenues the Company earns from swap providers associated with certain of the Company’s European listed ETPs, the nature of which are based on a percentage of the ETPs’ average daily net assets.

The Company also earns transaction-based income on flows associated with certain European listed ETPs.

There is no significant judgment in calculating amounts due, which are invoiced monthly or quarterly in arrears and are not subject to any potential reversal.

Progress is measured using the practical expedient under the output method resulting in the recognition of revenue in the amount for which the Company has a right to invoice.

Revenue is recognized as the related services are performed.

Asset-based fees are recognized over time, based on assets under advisement or net assets.

Amounts are generally invoiced monthly or quarterly in arrears.

There is no significant judgment in determining the transaction price, and the related revenues are not subject to significant reversal.

Geographic Distribution of Revenues

1 unchanged sentence

Three Months Ended

Six Months Ended

2026 2025 2026 2025

Revenues from contracts with customers:

2 unchanged sentences

Ireland 16,439 7,841 30,380 13,861

United Kingdom 5,913 — 5,913 —

Total operating revenues $ 177,160 $ 112,621 $ 336,630 $ 220,703

4 unchanged sentences

WisdomTree ETFs, WisdomTree Digital Funds and WisdomTree UCITS ETFs.

The relevant boards of trustees or boards of directors (including certain officers of the Company) of each of the related parties is primarily responsible for overseeing the management and affairs of the entities for the benefit of their respective stakeholders and have contracted with the Company to provide for general management and administration services.

The Company is also responsible for certain expenses of the related parties, including the cost of transfer agency, custody, fund administration and accounting, legal, audit, and other non-distribution services, excluding extraordinary expenses, taxes and certain other expenses, which are included in fund management and administration in the Consolidated Statements of Operations.

The relevant boards of trustees or boards of directors (including certain officers of the Company) of each of the related parties are primarily responsible for overseeing the management and affairs of the entities for the benefit of their respective stakeholders and have contracted with the Company to provide for general management and administration services.

The Company is also responsible for certain expenses of some of its related parties, including the cost of transfer agency, custody, fund administration and accounting, legal, audit, and other non-distribution services, excluding extraordinary expenses, taxes and certain other expenses, which are included in fund management and administration in the Consolidated Statements of Operations.

In exchange, the Company receives fees based on a percentage of the ETPs’ and the Digital Funds’ average daily net assets.

1 unchanged sentence

WisdomTree ETFs and the WisdomTree Digital Funds and these agreements may be terminated by such board of trustees or board of directors upon notice.

Ceres Services to Ceres Farms

Ceres provides investment advisory and other management services to Ceres Farms.

Ceres Services to the Ceres Funds

Ceres provides investment advisory and other management services to the Ceres Funds.

In exchange for these services the Company earns management fees and performance fees as further disclosed in Note 15.

4 unchanged sentences

Receivable from WMAI and WTICAV 11,146 9,104

Receivable from Ceres Farms 8,186 12,013

Receivable from Ceres Funds 11,324 12,013

Receivable from AHICAV 1,793

Total $ 61,151

4 unchanged sentences

Three Months Ended

Six Months Ended

2026 2025 2026 2025

Advisory services provided to WTT $ 83,041 $ 69,242 $ 161,481 $ 138,097

1 unchanged sentence

Advisory services provided to WMAI and WTICAV 16,439 7,841 30,380 13,861

Management and performance fees earned from Ceres Farms 8,186 —

Management and performance fees earned from Ceres Funds 11,333 — 19,519 —

Advisory services provided to AHICAV 3,784 — 3,784 —

Total $ 157,633 $ 103,241 $ 300,699 $ 202,790

Investments in WisdomTree Products

The Company has investments in certain WisdomTree products of $ 278,330 and $ 244,722 at March 31, 2026 and December 31, 2025, respectively.

This includes $ 17,193 and $ 19,327 , respectively, of seed investments in certain consolidated affiliated Digital Funds advised by WT Digital Management, referred to herein as “other assets–seed capital,” as well as $ 221,452 and $ 145,242 , respectively, in the WisdomTree Treasury Money Market Digital Fund at March 31, 2026 and December 31, 2025.

Net unrealized and realized losses and gains related to trading WisdomTree products during the three months ended March 31, 2026 and 2025 were ($ 724 ) and $ 647 , respectively, which are recorded in other losses, net on the Consolidated Statements of Operations.

Employee Investments in Ceres Farms

Employees of the Company have invested in Ceres Farms, for which management and performance fees are waived.

The Company has investments in certain WisdomTree products of $ 151,988 and $ 244,722 at June 30, 2026 and December 31, 2025, respectively.

This includes $ 19,047 and $ 19,327 , respectively, of seed investments in certain consolidated affiliated Digital Funds advised by WT Digital Management, referred to herein as “other assets–seed capital,” as well as $ 120,117 and $ 145,242 , respectively, in the WisdomTree Treasury Money Market Digital Fund at June 30, 2026 and December 31, 2025.

Net unrealized and realized gains/(losses) related to trading WisdomTree products were $ 582 and ($ 150 ), respectively, during the three and six months ended June 30, 2026 and $ 1,290 and $ 785 , respectively, during the comparable periods in 2025.

Such gains and losses are recorded in other gains, net on the Consolidated Statements of Operations.

Employee Investments in Ceres Funds

Employees of the Company have invested in the Ceres Funds, for which management and performance fees are waived.

Such waived fees were immaterial to the Company’s Consolidated Statements of Operations.

18 unchanged sentences

· If the Company’s TSR is negative, the target number of PRSUs vesting is capped at 100% regardless of the relative TSR percentile.

Stock-based compensation expense was $ 8,431 and $ 6,238 , respectively, during the three months ended March 31, 2026 and 2025.

Stock-based compensation expense was $ 7,774 and $ 16,205 , respectively, during the three and six months ended June 30, 2026 and $ 5,527 and $ 11,765 , respectively, during the comparable periods in 2025.

A summary of unrecognized stock-based compensation expense and average remaining vesting period is as follows:

March 31, 2026

June 30, 2026

Weighted-Average

2 unchanged sentences

Employees and directors $ 43,320 1.58

A summary of stock-based compensation award activity (shares) during the three months ended March 31, 2026 is as follows:

Balance at January 1, 2026 4,372,897 279,549 1,427,859

A summary of stock-based compensation award activity (shares) during the three months ended June 30, 2026 is as follows:

Balance at April 1, 2026 3,144,047 283,750 1,081,970

Granted 752,510 22,036 —

2 unchanged sentences

Stock dividends accrued — 209 1,651

Balance at March 31, 2026 3,144,047 283,750 (3) 1,081,970

Balance at June 30, 2026 3,852,766 305,995 (1) 1,083,621

____________________________

(1) Represents the target number of PRSUs granted and outstanding.

The number of PRSUs that ultimately vest ranges from 0 % to 200 % of this amount.

A Monte-Carlo simulation was used to value these awards using the following assumptions for the Company and the peer group:

(i) beginning 90-day average stock prices;

(ii) valuation date stock prices;

(iii) historical stock price volatilities ranging from 21.84 % to 34.34 % (average 28.77 %);

(iv) correlation coefficients based upon the price data used to calculate the historical volatilities;

(v) a risk free interest rate of 3.64 %;

and (vi) an expected dividend yield of 0.00 %.

(2) The payout on PRSUs vesting in January 2026 was 199 %.

(1) Includes 139,734 deferred RSUs that have vested.

2 unchanged sentences

Three Months Ended

June 30, Six Months Ended

Basic Earnings per Share 2026 2025 2026 2025

Net (loss)/income $ ( 23,131 ) $ 24,629

Income distributed to participating securities — —

Net income $ 44,284 $ 24,777 $ 21,153 $ 49,406

Undistributed income allocable to participating securities — — — ( 24 )

Net (loss)/income available to common stockholders — Basic EPS $ ( 23,131 ) $ 24,605

Net income available to common stockholders — Basic EPS $ 44,284 $ 24,777 $ 21,153 $ 49,382

Weighted average common shares (in thousands) 149,001 143,076 143,533 142,830

Basic (loss)/earnings per share $ ( 0.17 ) $ 0.17

Basic earnings per share $ 0.30 $ 0.17 $ 0.15 $ 0.35

Three Months Ended

June 30, Six Months Ended

Diluted Earnings per Share 2026 2025 2026 2025

Net (loss)/income available to common stockholders $ ( 23,131 ) $ 24,605

Net income available to common stockholders $ 44,284 $ 24,777 $ 21,153 $ 49,382

Undistributed income allocable to participating securities — — — 24

Reallocation of undistributed income allocable to participating securities considered potentially dilutive — — — ( 23 )

Net (loss)/income available to common stockholders — Diluted EPS $ ( 23,131 ) $ 24,606

Net income available to common stockholders — Diluted EPS $ 44,284 $ 24,777 $ 21,153 $ 49,383

Weighted Average Diluted Shares (in thousands):

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Weighted average diluted shares, excluding participating securities (in thousands) 156,276 146,640 154,386 146,431

Diluted (loss)/earnings per share $ ( 0.17 ) $ 0.17

Diluted (loss)/earnings per share presented above is calculated using the two-class method as this method results in the lowest diluted earnings per share amount for common stock.

During the three months ended March 31, 2026 there were no dilutive common stock equivalents as the Company reported a net loss for the period.

Total antidilutive non-participating common stock equivalents were 14,951 and 1,025 for the three months ended March 31, 2026 and 2025, respectively (shares herein are reported in thousands).

There were no potential common shares associated with the conversion options embedded in the Convertible Notes included in weighted average diluted shares for the three months ended March 31, 2025 as the Company’s average stock price was lower than the conversion price.

The following table reconciles weighted average diluted shares as reported on the Company’s Consolidated Statements of Operations for the three months ended March 31, 2026 and 2025, which are determined pursuant to the treasury stock method, to the weighted average diluted shares used to calculate diluted earnings per share as disclosed in the table above:

Diluted earnings per share $ 0.28 $ 0.17 $ 0.14 $ 0.34

Diluted earnings per share presented above is calculated using the two-class method as this method results in the lowest diluted earnings per share amount for common stock.

Total antidilutive non-participating common stock equivalents were 78 and 40 , respectively, for the three and six months ended June 30, 2026 and 190 and 160 , respectively, for the comparable periods in 2025 (shares herein are reported in thousands).

There were 3,581 and 7,133 potential common shares associated with the conversion options embedded in the Convertible Notes included in weighted average diluted shares for the three and six months ended June 30, 2026, respectively.

There were no potential common shares associated with the conversion options embedded in the Convertible Notes included in weighted average diluted shares for the three and six months ended June 30, 2025 as the Company’s average stock price was lower than the conversion price.

The following table reconciles weighted average diluted shares as reported on the Company’s Consolidated Statements of Operations for the three months and six months ended June 30, 2026 and 2025, which are determined pursuant to the treasury stock method, to the weighted average diluted shares used to calculate diluted earnings per share as disclosed in the table above:

Three Months Ended

Six Months Ended

Reconciliation of Weighted Average Diluted Shares (in thousands) 2026 2025 2026 2025

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Participating securities

Weighted average shares of common stock issuable upon conversion of the Series A Preferred Stock — —

Potentially dilutive restricted stock awards — — — ( 82 )

Weighted average diluted shares used to calculate diluted (loss)/earnings per share as disclosed in the table above 138,005 146,379

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(1) Excludes 14,336 potentially dilutive non-participating common stock equivalents for the three months ended March 31, 2026 as the Company reported a net loss for the period.

Effective Income Tax Rate – Three Months Ended March 31, 2026

The Company’s effective income tax rate during the three months ended March 31, 2026 was negative 58.6 %, resulting in income tax expense of $ 8,549 .

Despite a pre-tax loss for the quarter, the Company recorded income tax expense primarily due to certain non-deductible amounts associated with the extinguishment of the Convertible Notes, which caused our effective tax rate to differ from the U.S.

federal statutory rate of 21.0 %.

Other items impacting our effective tax rate included non-deductible executive compensation, partly offset by state and local taxes and tax windfalls associated with the vesting of stock-based compensation awards.

Effective Income Tax Rate – Three Months Ended March 31, 2025

The Company’s effective income tax rate during the three months ended March 31, 2025 was 18.9 %, resulting in income tax expense of $ 5,739 .

The effective income tax rate differs from the federal statutory tax rate of 21 .0% primarily due to tax windfalls associated with the vesting of stock-based compensation awards and a lower tax rate on foreign earnings.

Weighted average diluted shares used to calculate diluted earnings per share as disclosed in the table above 156,276 146,640 154,386 146,431

Effective Income Tax Rate – Three and Six Months Ended June 30, 2026

The Company’s effective income tax rate during the three months ended June 30, 2026 was 24.4 %, resulting in income tax expense of $ 14,263 .

The effective income tax rate differs from the U.S.

federal statutory rate of 21.0 % primarily due to non-deductible amounts associated with the repurchase of convertible notes.

The Company’s effective income tax rate during the six months ended June 30, 2026 was 51.9 %, resulting in income tax expense of $ 22,812 .

The effective income tax rate differs from the U.S.

federal statutory rate of 21.0 % primarily due to non-deductible amounts associated with the repurchase of convertible notes, partly offset by tax windfalls associated with the vesting of stock-based compensation awards and a lower tax rate on foreign earnings.

Effective Income Tax Rate – Three and Six Months Ended June 30, 2025

The Company’s effective income tax rate during the three months ended June 30, 2025 was 22.3 %, resulting in income tax expense of $ 7,093 .

The effective income tax rate differs from the U.S.

federal statutory tax rate of 21 % primarily due to state and local income taxes, partly offset by a lower tax rate on foreign earnings.

The Company’s effective income tax rate during the six months ended June 30, 2025 was 20.6 %, resulting in income tax expense of $ 12,832 .

The effective income tax rate differs from the U.S.

federal statutory tax rate of 21 % primarily due to tax windfalls associated with the vesting of stock-based compensation awards and a lower tax rate on foreign earnings.

These items were partly offset by state and local income taxes.

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Disclosed below is a summary of income taxes paid by jurisdiction pursuant to the disclosure requirements of ASU 2023-09.

Three Months Ended

March 31, 2026

Six Months Ended

June 30, 2026

United States — Federal $ 6,207

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United Kingdom 15,017

Deferred Tax Assets

A summary of the components of the Company’s deferred tax assets at March 31, 2026 and December 31, 2025 is as follows:

March 31, 2026 December 31, 2025

Total $ 24,303

Deferred Tax Assets and Liabilities

A summary of the components of the Company’s deferred tax assets and liabilities are as follows:

Deferred tax assets:

Capital losses $ 5,398 $ 6,689

Interest carryforward 2,833 —

Accrued expenses 4,599 6,584

Interest carryforward 4,168 —

Stock-based compensation 1,779 3,210

Acquisition costs 936 970

Foreign currency translation adjustment 698 —

Start-up expenses 645 289

Operating lease liabilities 459 631

NOLs—Foreign — 745

Other 290 289

Deferred tax assets 18,903 19,118

Deferred tax liabilities:

Software capitalization 938 912

Right of use assets—operating leases 543 627

Foreign currency translation adjustment 286 592

Goodwill and intangible assets 22,041 74

Unrealized gains 1,053 494

Software capitalization 910 912

Fixed assets and prepaid assets 688 356

Right of use assets—operating leases 457 627

Unremitted earnings—European subsidiaries 87 65

Foreign currency translation adjustment — 592

Deferred tax liabilities 25,236 3,120

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Valuation allowance ( 4,345 ) ( 6,195 )

Deferred tax assets, net $ 6,689 $ 9,803

Deferred tax (liabilities)/assets, net $ ( 10,678 ) $ 9,803

Capital Losses – U.S.

The Company’s tax effected capital losses at March 31, 2026 were $ 6,538 .

These capital losses expire between the years 2026 and 2028.

The Company’s tax effected capital losses at June 30, 2026 were $ 5,398 .

These capital losses expire in 2028.

The table below sets forth the aggregate changes in these capital losses:

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Utilizations ( 1,291 )

Balance at March 31, 2026 $ 6,538

Net Operating Losses – Europe

One of the Company’s European subsidiaries generated net operating losses (“NOLs”) outside the U.S.

These tax effected NOLs, all of which are carried forward indefinitely, were $ 521 at March 31, 2026.

Balance at June 30, 2026 $ 5,398

Valuation Allowance

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federal income tax as well as income tax of multiple state, local and certain foreign jurisdictions.

As of March 31, 2026, with few exceptions, the Company was no longer subject to income tax examinations by any taxing authority for the years before 2021.

As of June 30, 2026, with few exceptions, the Company was no longer subject to income tax examinations by any taxing authority for the years before 2021.

Uncertain Tax Positions

There were no unrecognized tax benefits at March 31, 2026 and December 31, 2025.

There were no unrecognized tax benefits at June 30, 2026 and December 31, 2025.

Undistributed Earnings of Foreign Subsidiaries

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companies do not need to recognize tax effects on foreign earnings that are indefinitely reinvested.

The Company repatriates earnings of its foreign subsidiaries and therefore has recognized a deferred tax liability of $ 92 and $ 65 at March 31, 2026 and December 31, 2025, respectively.

The Company repatriates earnings of its foreign subsidiaries and therefore has recognized a deferred tax liability of $ 87 and $ 65 at June 30, 2026 and December 31, 2025, respectively.

Shares Repurchased

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Shares repurchased under this program are returned to the status of authorized and unissued on the Company’s books and records.

During the three months ended March 31, 2026 and 2025, the Company repurchased 1,521,334 and 1,282,498 shares of its common stock, respectively, under this program for an aggregate cost of $ 24,963 and $ 12,714 , respectively.

Aggregate repurchases of common stock under this program were as follows:

Three Months Ended

Six Months Ended

2026 2025 2026 2025

Shares repurchased 1,489,990 — 3,011,324 1,282,498

Aggregate cost $ 25,927 $ — $ 50,890 $ 12,714

Shares repurchased under this program were returned to the status of authorized and unissued on the Company’s books and records.

As of March 31, 2026, $ 225,037 remained under this program for future purchases.

As of June 30, 2026, $ 199,110 remained under this program for future purchases.

Goodwill and Intangible Assets

The table below sets forth goodwill which is tested annually for impairment on November 30th:

Balance at January 1, 2026 $ 228,624

Balance at March 31, 2026 $ 228,624

Of the total goodwill of $ 228,624 at March 31, 2026, $ 85,042 is not deductible for tax purposes as the acquisitions that gave rise to the goodwill were structured as stock acquisitions.

The remainder of the goodwill is deductible for U.S.

tax purposes.

Item Asset Foreign

Translation Adjusted Asset

Goodwill—ETFS acquisition $ 85,042 $ — $ 85,042

Goodwill—Ceres acquisition 141,783 — 141,783

Goodwill—Atlantic House acquisition 130,417 ( 3,634 ) 126,783

Goodwill—Other 1,799 — 1,799

Balance at June 30, 2026 $ 359,041 $ ( 3,634 ) $ 355,407

Total goodwill recognized was $359,041, of which $ 215,459 is not deductible for tax purposes because the related acquisitions were structured as stock acquisitions.

The remaining goodwill is deductible for U.S.

federal income tax purposes.

Intangible Assets

The table below sets forth the Company’s intangible assets which are tested annually for impairment on November 30th:

Balance at March 31, 2026

Balance at June 30, 2026

Item Gross Asset Accumulated

Amortization Net Asset

Amortization Foreign

Translation Net Asset

ETFS acquisition $ 601,247 $ — $ — $ 601,247

Ceres intangible assets 143,500 ( 4,305 ) — 139,195

Atlantic House intangible assets 88,458 ( 1,177 ) ( 939 ) 86,342

Software development 11,582 ( 5,360 ) — 6,222

Balance at March 31, 2026 $ 755,550 $ ( 7,596 ) $ 747,954

Balance at June 30, 2026 $ 844,787 $ ( 10,842 ) $ ( 939 ) $ 833,006

Balance at December 31, 2025

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These intangible assets were determined to have a finite life (estimated useful life of 25 years) and are deductible for tax purposes.

As of March 31, 2026, expected amortization expense for the unamortized finite-lived intangible assets for the next five years and thereafter is as follows:

2031 and beyond 113,365

Total expected amortization expense $ 140,630

The weighted-average remaining useful life of the finite-lived intangible assets is 24.5 years.

Atlantic House acquisition (finite-lived)

In connection with the Atlantic House acquisition, which was completed on May 1, 2026, the Company recognized the following intangible assets:

Intangible Asset Useful Life

Management contracts 25

Customer relationships 7

Non-compete agreements 3

Trade names and trademarks 1

Model distribution relationships 10

The Company recognized amortization expense on the identified intangible assets related to the above acquisitions of $ 2,612 and $ 4,047 , respectively, during the three and six months ended June 30, 2026.

Software development (finite-lived)

Internally-developed software is amortized over a useful life of three years.

During the three months ended March 31, 2026 and 2025, the Company recognized amortization expense on internally-developed software of $ 548 and $ 439 , respectively.

As of March 31, 2026, expected amortization expense for the unamortized finite-lived intangible assets for the next five years and thereafter is as follows:

Remainder of 2026 $ 2,470

The Company recognized amortization expense on internally-developed software of $ 634 and $ 1,182 , respectively, during the three and six months ended June 30, 2026 and $ 544 and $ 983 , respectively, during the comparable periods in 2025.

As of June 30, 2026, estimated future amortization expense for the unamortized finite-lived intangible assets for the next five years and thereafter is as follows:

assets Atlantic House

2026 $ 2,870 $ 3,614 $ 1,416 $ 7,900

2027 5,740 6,346 2,439 14,525

2028 5,740 5,905 1,790 13,435

2029 5,740 4,876 577 11,193

2030 5,740 4,361 — 10,101

2031 and thereafter 113,365 60,408 — 173,773

Total expected amortization expense $ 139,195 $ 85,510 $ 6,222 $ 230,927

The weighted-average remaining useful life of the finite-lived intangible assets is 2.2 years.

Weighted-average remaining useful life (in years) 24.3 21.1 2.5

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( 1 ) Amounts related to Atlantic House have been translated using exchange rates in effect at June 30, 2026.

Actual amortization expense recognized in future periods will vary due to changes in foreign currency exchange rates.

Segment Information

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Three Months Ended

Net (loss)/income $ ( 23,131 ) $ 24,629

Adjusted Operating Income Margin

Six Months Ended

2026 2025 2026 2025

Operating revenues $ 177,160 $ 112,621 $ 336,630 $ 220,703

Operating income 71,811 34,632 131,161 68,794

Amortization of intangible assets arising from the Ceres Acquisition 1,435 —

Ceres/Atlantic House intangible asset amortization 2,612 — 4,047 —

Acquisition-related costs 1,118 1,967 3,051 1,967

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Adjusted operating income margin 42.6 % 32.5 % 41.1 % 32.1 %

Acquisition-related costs for the three months ended March 31, 2026 includes $ 1,933 of professional fees related to the Company’s agreement to acquire Atlantic House (defined below).

Acquisition-related costs for the three and six months ended June 30, 2026 of $ 1,118 and $ 3,051 , respectively, related to the Atlantic House acquisition, the nature of which included professional fees and stamp duty taxes.

Acquisition-related costs for the three and six months ended June 30, 2025 include $ 1,967 of professional fees related to the Ceres acquisition.

All expense categories on the Consolidated Statements of Operations are significant and there are no other significant segment expenses that would require disclosure.

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Subsequent Events

On March 13, 2026, the Company and WisdomTree International Holdings Ltd (the “Buyer”), a wholly-owned subsidiary of the Company, entered into a Sale and Purchase Agreement (the “AH Purchase Agreement”) with Atlantic House Holdings Limited, a private limited company incorporated in England and Wales (“Atlantic House”), the shareholders of Atlantic House (together, the “Sellers”), the EBT Trustee and the Individual Guarantor (each as defined in the AH Purchase Agreement), pursuant to which the Buyer agreed to acquire from the Sellers all of the issued and outstanding share capital of Atlantic House (the “AH Acquisition”).

On May 1, 2026, the Buyer completed the AH Acquisition for a purchase price of £ 150,000 (approximately $ 200,000 ) in cash paid at the closing of the Acquisition (the “Closing”), and subject to customary post-closing adjustments to cash, indebtedness and working capital.

The AH Acquisition will be accounted for under the acquisition method of accounting in accordance with ASC 805, which requires an allocation of the consideration paid by the Company to the identifiable assets and liabilities of Atlantic House based on the estimated fair values as of the closing date of the acquisition.

The Company evaluated subsequent events through the date of issuance of the consolidated financial statements.

There were no events requiring disclosure.

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-Q

Item 1. Financial Statements