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.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $77.03M | - | $81.27M | $79.95M | $83.51M | - | $97.19M | $105.05M | $108.99M | - |
| Cost of Revenue | $11.15M | - | $10.60M | $10.95M | $11.94M | - | $12.90M | $13.38M | $13.37M | - |
| Gross Profit | $65.88M | - | $70.67M | $69.00M | $71.57M | - | $84.28M | $91.67M | $95.62M | - |
| R&D | $2.33M | - | $2.14M | $2.14M | $2.35M | - | $2.61M | $2.17M | $2.15M | - |
| SG&A | $24.17M | - | $18.78M | $19.74M | $17.33M | - | $22.48M | $24.51M | $23.80M | - |
| Total Operating Expenses | $78.13M | - | $63.45M | $65.14M | $66.73M | - | $75.28M | $83.71M | $87.44M | - |
| D&A | $518.0K | - | $651.0K | $500.0K | $531.0K | - | $635.0K | $669.0K | $693.0K | - |
| Operating Income | ($1.10M) | - | $17.82M | $14.81M | $16.78M | - | $21.90M | $21.33M | $21.55M | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | $62.0K | - | $1.07M | $613.0K | $1.04M | - | $973.0K | $779.0K | $735.0K | - |
| Net Income | ($573.0K) | - | $1.50M | $1.30M | $890.0K | - | $1.72M | $1.54M | $1.66M | - |
| EPS - Basic | ($0.23) | - | $0.60 | $0.55 | $0.43 | - | $0.80 | $0.80 | $1.00 | - |
| EPS - Diluted | ($0.23) | - | $0.58 | $0.53 | $0.41 | - | $0.80 | $0.80 | $0.80 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $52.67M | $70.14M | $50.53M | $69.11M | $79.18M | $97.88M | $94.11M | $109.34M | $131.18M | $155.17M |
| Accounts Receivable | $4.60M | $5.72M | $4.15M | $4.07M | $8.79M | $1.88M | $2.22M | $4.47M | $3.35M | $4.53M |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | $111.83M | $131.70M | $117.02M | $130.04M | $152.91M | $168.83M | $172.50M | $198.46M | $232.56M | $267.84M |
| Total Assets | $201.92M | $218.38M | $201.66M | $211.75M | $239.56M | $259.51M | $278.35M | $315.31M | $359.29M | $396.56M |
| Current Liabilities | $229.14M | $234.20M | $229.19M | $239.52M | $248.19M | $260.21M | $283.97M | $312.83M | $333.90M | $373.89M |
| Long-term Debt | - | - | - | - | - | - | - | - | $0 | - |
| Total Liabilities | $428.81M | $432.00M | $427.61M | $438.77M | $457.29M | $477.44M | $525.47M | $579.26M | $628.68M | $685.50M |
| Stockholders' Equity | ($12.24M) | ($11.68M) | ($14.52M) | ($15.76M) | ($15.81M) | ($12.54M) | ($19.48M) | ($23.67M) | ($9.37M) | ($11.08M) |
| Retained Earnings | ($114.24M) | ($113.66M) | ($115.59M) | ($117.10M) | ($118.39M) | ($119.28M) | ($121.42M) | ($123.14M) | ($124.69M) | ($126.34M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($2.08M) | - | - | - | $1.73M | - | - | - | ($18.51M) | - |
| Investing Cash Flow | ($600.0K) | - | - | - | ($222.0K) | - | - | - | ($252.0K) | - |
| Financing Cash Flow | ($14.79M) | - | - | - | ($20.21M) | - | - | - | ($5.20M) | - |
| CapEx | $473.0K | - | - | - | $45.0K | - | - | - | $0 | - |
| Free Cash Flow | ($2.55M) | - | - | - | $1.69M | - | - | - | ($18.51M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 85.5% | - | 87.0% | 86.3% | 85.7% | - | 86.7% | 87.3% | 87.7% | - |
| Operating margin | -1.4% | - | 21.9% | 18.5% | 20.1% | - | 22.5% | 20.3% | 19.8% | - |
| EBITDA margin | -0.8% | - | 22.7% | 19.2% | 20.7% | - | 23.2% | 20.9% | 20.4% | - |
| Net margin | -0.7% | - | 1.9% | 1.6% | 1.1% | - | 1.8% | 1.5% | 1.5% | - |
| Free cash flow margin | -3.3% | - | - | - | 2.0% | - | - | - | -17.0% | - |
| FCF / Net income | 4.45 | - | - | - | 1.90 | - | - | - | -11.17 | - |
| R&D / Revenue | 3.0% | - | 2.6% | 2.7% | 2.8% | - | 2.7% | 2.1% | 2.0% | - |
| SG&A / Revenue | 31.4% | - | 23.1% | 24.7% | 20.8% | - | 23.1% | 23.3% | 21.8% | - |
| Effective tax rate | - | - | 41.5% | 32.1% | 53.8% | - | 36.1% | 33.5% | 30.7% | - |
| Return on assets | -0.3% | - | 0.7% | 0.6% | 0.4% | - | 0.6% | 0.5% | 0.5% | - |
| Return on equity | 4.7% | - | -10.4% | -8.2% | -5.6% | - | -8.8% | -6.5% | -17.7% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 0.49 | 0.56 | 0.51 | 0.54 | 0.62 | 0.65 | 0.61 | 0.63 | 0.70 | 0.72 |
| Quick ratio | 0.49 | 0.56 | 0.51 | 0.54 | 0.62 | 0.65 | 0.61 | 0.63 | 0.70 | 0.72 |
| Cash ratio | 0.23 | 0.30 | 0.22 | 0.29 | 0.32 | 0.38 | 0.33 | 0.35 | 0.39 | 0.42 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | 0.00 | - |
| Debt / Assets | - | - | - | - | - | - | - | - | 0.00 | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | 0.00 | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | -16.50 | -18.69 | -13.89 | -13.44 | -15.16 | -20.70 | -14.29 | -13.32 | -38.36 | -35.79 |
| Liabilities / Assets | 2.12 | 1.98 | 2.12 | 2.07 | 1.91 | 1.84 | 1.89 | 1.84 | 1.75 | 1.73 |
| Efficiency | ||||||||||
| Asset turnover | 0.38 | - | 0.40 | 0.38 | 0.35 | - | 0.35 | 0.33 | 0.30 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 22d | - | 19d | 19d | 38d | - | 8d | 16d | 11d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | 28.5x | 37.3x | 24.1x | - | 16.7x | 29.0x | 43.2x | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | 0.6x | - | 0.5x | 0.6x | 0.3x | - | 5.5x | 8.6x | 12.5x | - |
| EV / EBITDA | - | - | -0.4x | -1.4x | -3.3x | - | 19.3x | 36.0x | 55.4x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -7.8% | - | -16.4% | -23.9% | -23.4% | - | -8.4% | 1.4% | -13.7% | - |
| Revenue CAGR (3y) | -15.2% | - | -12.2% | -14.5% | -15.1% | - | -0.3% | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | -8.0% | - | -16.2% | -24.7% | -25.2% | - | -8.7% | 3.0% | -13.8% | - |
| Operating income growth (YoY) | - | - | -18.6% | -30.6% | -22.2% | - | 98.4% | 139.2% | -29.6% | - |
| Net income growth (YoY) | - | - | -12.5% | -16.0% | -46.3% | - | 1128.6% | 4188.9% | 13.0% | - |
| EPS growth (YoY) | - | - | -27.5% | -33.7% | -48.8% | - | - | - | 1500.0% | - |
| EPS CAGR (3y) | - | - | - | 0.0% | 19.5% | - | 27.1% | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 22.6% | 6.8% | 25.5% | 33.4% | -68.7% | -13.1% | -46.9% | -64.2% | 43.7% | 47.7% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$357.74M totalReportable Segment$357.74M · 100.0%
Product / service
$325.31M totalSubscription And Circulation$322.85M · 99.2%
Revenue Share$2.41M · 0.7%
Advertising$45.0K · 0.0%
Geographic
$328.12M totalUS$328.12M · 100.0%
Peer comparison
Same SIC group: Services-Prepackaged Software
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 |