MARKETWISE, INC.

Listed Company

MKTWCIK 0001805651NasdaqNon-AcceleratedSmaller ReportingServices-Prepackaged SoftwareDelawareFY ends Dec 31

Period

FY 2025

Revenue

$328.12M

Net Income

$5.62M

Total Assets

$218.38M

Equity

$-11.68M

Shares Out

10.35M

Op. Cash Flow

$45.96M

Business

MARKETWISE, INC. is a multi-brand subscription platform that provides premium financial research, software, education, and tools for self-directed investors. It offers digital subscription research products and publications, financial software and analytical tools (including Chaikin Power Gauge, TradeStops, and the Altimeter), screeners, monitors, and portfolio management solutions, plus members-only conferences. Its business is organized around multiple research brands and product lines, including Stansberry Research, Chaikin Analytics, Brownstone Research, InvestorPlace, TradeSmith, and Altimetry, across 12 primary customer-facing brands. The company distributes its entirely digital, channel-agnostic offerings via cloud-based platforms to desktop, laptop, tablet, and mobile devices and acquires subscribers through omni-channel marketing (email, display, direct mail, and occasional TV/radio).

Summary from filing dated 2025-03-06

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total net revenue	328	409	448	512	549
Cost of revenue	44	51	57	63	239
Sales and marketing	131	161	199	235	297
General and administrative	78	91	125	115	960
Research and development	9	10	9	9	7
Depreciation and amortization	2	3	4	3	3
Impairment losses	380,000	4	3	0	0
Related party expense	564,000	525,000	572,000	379,000	10
Total operating expenses	266	320	396	425	1,517
Income from operations	63	89	52	87	−968
Other income (expense), net	1	2	−611,000	16	16
Interest income, net	3	5	5	−295,000	−110,000
Income before income taxes	67	96	56	103	−952
Income tax expense	3	3	2	1	2
Net income	64	93	54	101	−954
Net income attributable to noncontrolling interests	58	86	53	83	59
Net income attributable to MarketWise, Inc.	6	7	2	18	−1,013
Earnings per share basic (USD per share)	2.41	3.67	1.12	0.73	—
Earnings per share diluted (USD per share)	2.31	3.58	1.07	0.73	—
Weighted average shares outstanding basic (in shares)	2	2	2	25	—
Weighted average shares outstanding diluted (in shares)	2	2	2	25	—

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	70	98	155	159	139
Accounts receivable	6	2	5	4	8
Prepaid expenses	11	10	9	12	13
Related party receivables	838,000	547,000	5	2	—
Deferred contract acquisition costs	43	57	91	100	83
Other current assets	814,000	1	2	3	2
Total current assets	132	169	268	279	246
Property and equipment, net	453,000	592,000	690,000	892,000	1
Operating lease right-of-use assets	7	3	7	9	11
Intangible assets, net	4	5	6	16	9
Goodwill	30	30	31	31	23
Deferred contract acquisition costs, noncurrent	35	42	73	98	120
Deferred tax assets	11	10	10	7	9
Total assets	218	260	397	443	422
Accrued expenses	33	23	55	46	46
Deferred revenue and other contract liabilities	184	218	288	315	317
Operating lease liabilities	908,000	2	1	1	1
Other current liabilities	12	13	28	21	25
Total current liabilities	234	260	374	386	395
Deferred revenue and other contract liabilities, noncurrent	186	209	304	348	393
Other liabilities, noncurrent	3	3	746,000	1	—
Related party tax receivable agreement liability, noncurrent	4	3	2	0	—
Operating lease liabilities, noncurrent	5	3	4	6	7
Total liabilities	432	477	685	741	827
Commitments and Contingencies (Note 9)	0	0	0	0	0
Preferred stock, par value of $0.0001 per share, 100,000,000 shares authorized; 0 shares issued and outstanding at December 31, 2025 and 2024, respectively	0	0	0	0	0
Additional paid-in capital	102	107	115	107	98
Accumulated other comprehensive income	36,000	56,000	65,000	44,000	−9,000
Accumulated deficit	−114	−119	−126	−128	−146
Total stockholders deficit attributable to MarketWise, Inc.	−12	−13	−11	−21	−49
Noncontrolling interest	−202	−205	−278	−277	−357
Total stockholders deficit	−214	−218	−289	−298	−405
Total liabilities and stockholders deficit	218	260	397	443	422

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	2	3	4	3	3
Impairment and other charges	380,000	4	3	287,000	0
Stock-based compensation	11	12	23	9	211
Change in fair value of contingent consideration	−1	507,000	0	0	—
Change in fair value of derivative liabilities other	0	0	2	−16	−18
Deferred taxes	954,000	3	2	1	2
Unrealized (gains) losses on foreign currency	−20,000	−18,000	23,000	−97,000	−38,000
Other gains	−2	0	0	—	—
Noncash lease expense	3	2	2	2	2
(Gain) loss on sale of business	0	−2	2	0	0
Accounts receivable	−4	3	−488,000	4	5
Related party receivables and payables	1	3	−2	−982,000	−1
Prepaid expenses	−748,000	−746,000	2	1	−5
Other current assets and other assets	455,000	1	2	−543,000	−744,000
Deferred contract acquisition costs	20	63	31	5	−96
Trade and other payables	−123,000	3	−200,000	−4	−7
Accrued expenses	10	−32	9	−477,000	14
Deferred revenue	−56	−162	−67	−52	176
Derivative liabilities	0	0	−3	0	662,000
Operating lease liabilities	−3	−1	−2	−2	−1
Other current and long-term liabilities	−305,000	−15	1	−4	5
Net cash provided by (used in) operating activities	46	−22	62	48	64
Cash paid for acquisitions, net of cash acquired	0	0	−170,000	−13	−7
Purchases of property and equipment	−391,000	−133,000	−65,000	−35,000	−157,000
Capitalized software development costs	−1	−548,000	−2	−136,000	−123,000
Net cash used in investing activities	−2	−681,000	−2	−13	−8
Proceeds from issuance of common stock	418,000	301,000	678,000	827,000	0
Shares and restricted stock units withheld to pay taxes	−2	−1	−6	−515,000	0
Repurchases of stock	−3	−11	0	−13	−3
Dividends paid	−5	−2	−6	0	0
Tax distributions to noncontrolling interests	−50	−10	−3	—	—
Other distributions to noncontrolling interests	−12	−12	−50	−5	−6
Net cash used in financing activities	−72	−34	−64	−16	−31
Effect of exchange rate changes on cash	−20,000	−9,000	21,000	53,000	8,000
Net decrease in cash, cash equivalents and restricted cash	−28	−57	−3	19	25

Filings

Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro

Material Events

Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro

Insiders

Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro

Institutional Holders

Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro