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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash, cash equivalents and restricted cash (including $78,222 and $11,282 invested in the WisdomTree Government Money Market Digital Fund at September 30, 2025 and December 31, 2024, respectively) (Note 3) $ 555,851 $ 181,191
Financial instruments owned, at fair value (including $97,632 and $78,540 invested in WisdomTree products at September 30, 2025 and December 31, 2024, respectively) (Note 5) 104,283 85,439
Accounts receivable (including $40,684 and $34,959 due from related parties at September 30, 2025 and December 31, 2024, respectively) 46,630 44,866
Prepaid expenses 7,799 5,340
Other current assets 1,844 1,542
Total current assets 716,407 318,378
Fixed assets, net 307 336
Deferred tax assets, net (Note 17) 8,010 11,656
Investments (Note 6) 26,476 8,922
Right of use assets—operating leases (Note 10) 1,768 880
Goodwill (Note 19) 86,841 86,841
Intangible assets, net (Note 19) 606,452 605,896
Other noncurrent assets 750 631
Total assets 1,447,011 1,033,540
Current liabilities:    
Convertible notes—current (Note 8) 149,386
Compensation and benefits payable 34,287 39,701
Fund management and administration payable 30,991 31,135
Payable to Gold Bullion Holdings (Jersey) Limited (“GBH”) (Note 9) 14,804 14,804
Operating lease liabilities (Note 10) 1,258 709
Income taxes payable 701 724
Accounts payable and other liabilities 23,014 22,124
Total current liabilities 254,441 109,197
Convertible notes (Note 8) 805,064 512,033
Payable to GBH (Note 9) 13,564 12,159
Operating lease liabilities (Note 10) 524 171
Total liabilities 1,073,593 633,560
Contingencies (Note 11)
Stockholders’ equity    
Preferred stock, par value $0.01; 2,000 shares authorized
Common stock, par value $0.01; 400,000 shares authorized; issued and outstanding: 140,278 and 146,102 at September 30, 2025 and December 31, 2024, respectively 1,403 1,461
Additional paid-in capital 184,274 270,303
Accumulated other comprehensive income/(loss) 2,755 (1,607)
Retained earnings 184,986 129,823
Total stockholders’ equity 373,418 399,980
Total liabilities and stockholders’ equity $ 1,447,011 $ 1,033,540