MKTW · Marketwise, Inc. - Financials

Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.

Price · MKTW

1Y 3Y 5Y Max

Annual Quarterly

Income Statement

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$328.12M	$408.70M	$448.18M	$512.40M	$364.18M	-
Cost of Revenue	$44.34M	$50.66M	$56.80M	$62.70M	$154.60M	-
Gross Profit	$283.79M	$358.04M	$391.38M	$449.71M	$209.57M	-
R&D	$8.81M	$9.91M	$8.83M	$8.82M	$4.77M	-
SG&A	$78.29M	$90.71M	$125.18M	$114.81M	$526.56M	$299.9K
Total Operating Expenses	$265.53M	$319.71M	$396.38M	$425.12M	$902.87M	-
D&A	$2.19M	$2.75M	$3.82M	$3.09M	$2.55M	-
Operating Income	$62.60M	$88.99M	$51.80M	$87.28M	($538.69M)	($349.9K)
Interest Expense	-	-	-	-	-	-
Income Tax	$2.56M	$3.25M	$1.80M	$1.49M	$0	$0
Net Income	$5.62M	$7.06M	$1.78M	$17.99M	($538.37M)	($140.3K)
EPS - Basic	$2.41	$3.60	$1.20	$14.60	-	-
EPS - Diluted	$2.31	$3.60	$1.00	$14.60	-	-

Balance Sheet

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Cash & Equivalents	$70.14M	$97.88M	$155.17M	$158.57M	$170.52M	$861.8K
Accounts Receivable	$5.72M	$1.88M	$4.53M	$4.04M	$7.33M	-
Inventory	-	-	-	-	-	-
Accounts Payable	-	-	-	-	-	$22.1K
Current Assets	$131.70M	$168.83M	$267.84M	$279.18M	$246.39M	$1.19M
Total Assets	$218.38M	$259.51M	$396.56M	$442.51M	$421.55M	$415.40M
Current Liabilities	$234.20M	$260.21M	$373.89M	$385.51M	$395.49M	$143.0K
Long-term Debt	-	$707.0K◇	$0◇	-	-	-
Total Liabilities	$432.00M	$477.44M	$685.50M	$740.89M	$826.82M	$14.63M
Stockholders' Equity	($11.68M)	($12.54M)	($11.08M)	($21.20M)	($48.55M)	$5.00M
Retained Earnings	($113.66M)	($119.28M)	($126.34M)	($128.13M)	($146.12M)	($140.3K)

Cash Flow

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Operating Cash Flow	$45.96M	($22.15M)	$62.43M	$48.37M	$55.88M	($592.4K)
Investing Cash Flow	($1.57M)	($681.0K)	($1.90M)	($13.24M)	($9.65M)	($414.00M)
Financing Cash Flow	($72.11M)	($34.46M)	($63.95M)	($16.19M)	($103.37M)	$415.45M
CapEx	$391.0K	$133.0K	$65.0K	$35.0K	$290.0K	-
Free Cash Flow	$45.57M	($22.28M)	$62.36M	$48.34M	$55.59M	-

Ratios

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Profitability
Gross margin	86.5%	87.6%	87.3%	87.8%	57.5%	-
Operating margin	19.1%	21.8%	11.6%	17.0%	-147.9%	-
EBITDA margin	19.7%	22.4%	12.4%	17.6%	-147.2%	-
Net margin	1.7%	1.7%	0.4%	3.5%	-147.8%	-
Free cash flow margin	13.9%	-5.5%	13.9%	9.4%	15.3%	-
FCF / Net income	8.11	-3.16	35.00	2.69	-0.10	-
R&D / Revenue	2.7%	2.4%	2.0%	1.7%	1.3%	-
SG&A / Revenue	23.9%	22.2%	27.9%	22.4%	144.6%	-
Effective tax rate	31.3%	31.5%	50.3%	7.6%	-	-
Return on assets	2.6%	2.7%	0.4%	4.1%	-127.7%	-0.0%
Return on equity	-48.1%	-56.3%	-16.1%	-84.9%	1109.0%	-2.8%
Return on invested capital	-	-	-	-	-	-
Liquidity
Current ratio	0.56	0.65	0.72	0.72	0.62	8.32
Quick ratio	0.56	0.65	0.72	0.72	0.62	8.32
Cash ratio	0.30	0.38	0.42	0.41	0.43	6.03
Leverage
Debt / Equity	-	-0.06	0.00	-	-	-
Debt / Assets	-	0.00	0.00	-	-	-
Debt / EBITDA	-	0.01	0.00	-	-	-
Interest coverage	-	-	-	-	-	-
Equity multiplier	-18.69	-20.70	-35.79	-20.88	-8.68	83.08
Liabilities / Assets	1.98	1.84	1.73	1.67	1.96	0.04
Efficiency
Asset turnover	1.50	1.57	1.13	1.16	0.86	-
Inventory turnover	-	-	-	-	-	-
Days sales outstanding	6d	2d	4d	3d	7d	-
Days inventory outstanding	-	-	-	-	-	-
Days payable outstanding	-	-	-	-	-	-
Cash conversion cycle	-	-	-	-	-	-
Valuation
P / E	6.5x	3.2x	54.6x	2.3x	-	-
P / B	-	-	-	-	-	-
P / S	0.1x	1.1x	4.1x	1.6x	-	-
EV / EBITDA	-0.5x	3.8x	29.9x	7.4x	-	-
Growth
Revenue growth (YoY)	-19.7%	-8.8%	-12.5%	40.7%	-	-
Revenue CAGR (3y)	-13.8%	3.9%	-	-	-	-
Revenue CAGR (5y)	-	-	-	-	-	-
Gross profit growth (YoY)	-20.7%	-8.5%	-13.0%	114.6%	-	-
Operating income growth (YoY)	-29.7%	71.8%	-40.6%	-	-153867.0%	-
Net income growth (YoY)	-20.4%	296.1%	-90.1%	-	-383684.6%	-
EPS growth (YoY)	-35.8%	260.0%	-93.2%	-	-	-
EPS CAGR (3y)	-45.9%	-	-	-	-	-
EPS CAGR (5y)	-	-	-	-	-	-
FCF growth (YoY)	-	-	29.0%	-13.0%	-	-
FCF CAGR (5y)	-	-	-	-	-	-
Book value growth (YoY)	6.8%	-13.1%	47.7%	56.3%	-	-

Sales by segment

From XBRL dimensional facts in the 10-K period ending 2025-12-31.

Business segments

$357.74M total

Reportable Segment$357.74M · 100.0%

Product / service

$325.31M total

Subscription And Circulation$322.85M · 99.2%

Revenue Share$2.41M · 0.7%

Advertising$45.0K · 0.0%

Geographic

$328.12M total

US$328.12M · 100.0%

Stability scores

Altman Z′

FY 2025 · bankruptcy risk

1.60

Grey zone

Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.

Piotroski F-score

FY 2025 · 9-point quality

4/9

Neutral

✓Net income positive
✓Operating cash flow positive
✗ROA improved YoY
✓Cash flow > net income
-Long-term debt decreased
✗Current ratio improved
✓No share dilution
✗Gross margin improved
✗Asset turnover improved

Peer comparison

Same SIC group: Services-Prepackaged Software

Company	Revenue (last FY)	Net margin	ROE
TEAM	$5.22B	-4.9%	-19.1%
CRM	$37.90B	16.4%	10.5%
NOW	$13.28B	13.2%	13.5%
FRSH	$838.81M	21.9%	17.8%
DDOG	$3.43B	3.1%	2.9%

Comparing MARKETWISE against the 5 most active filers in the same SIC group.

Dividends

$1.70/share trailing 12 months · +13.3% YoY

Ex-date	Per share
May 15, 2026	$0.4500
Mar 18, 2026	$0.4500
Nov 14, 2025	$0.4000
Aug 15, 2025	$0.4000
May 15, 2025	$0.3000
Mar 18, 2025	$0.2000
Jan 29, 2025	$0.6000
Nov 25, 2024	$0.2000
Aug 15, 2024	$0.2000
May 14, 2024	$0.2000
Mar 14, 2024	$0.2000
Dec 21, 2023	$0.2000
Nov 9, 2023	$3.0000
Sep 1, 2023	$0.2000
May 31, 2023	$0.2000

Cells marked with a small ◇ are sourced from SEC's bulk Financial Statement Data Sets, which can lose dimensional context (notably Revenue and Operating Income for issuers that report by segment). These cells will be replaced with authoritative values from the Company Facts API as the backfill completes.