NASDAQ : MKTW
MarketWise, Inc. — Financial statements
Financials · Financial Data & Stock Exchanges · United States
Last price 19.97 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 315.02M
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Financial statements
MarketWise, Inc. (MKTW) reported revenue of 317.50M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 317.50M | 328.12M | 408.70M | 448.18M | 512.40M | 549.18M |
| Cost of Revenue | 44.40M | 44.90M | 51.19M | 57.37M | 63.08M | 239.50M |
| Gross Profit | 273.11M | 283.22M | 357.51M | 390.81M | 449.33M | 309.69M |
| Selling, General & Admin | 234.46M | 209.25M | 248.61M | 323.77M | 350.14M | 1.26B |
| Research & Development | 9.37M | 8.81M | 9.91M | 8.83M | 8.82M | 7.49M |
| Operating Expenses | 246.07M | 220.25M | 261.27M | 336.42M | 362.04M | 1.27B |
| Operating Income | 27.03M | 62.98M | 96.24M | 54.39M | 87.28M | -957.59M |
| Interest Expense | -295.00K | -110.00K | ||||
| Interest & Investment Income | 2.05M | 2.96M | 5.29M | 4.90M | ||
| Other Non Operating Income (Expenses) | 621.00K | -154.00K | 2.08M | -611.00K | 15.67M | 16.18M |
| EBT Excluding Unusual Items | 29.71M | 65.78M | 103.61M | 58.68M | 102.66M | -941.52M |
| Asset Writedown | -380.00K | -4.45M | -2.58M | |||
| Other Unusual Items | -187.00K | 1.19M | -2.81M | -10.00M | ||
| Pretax Income | 29.52M | 66.60M | 96.36M | 56.10M | 102.66M | -951.52M |
| Income Tax Expense | 813.00K | 2.56M | 3.25M | 1.80M | 1.49M | 2.36M |
| Earnings From Continuing Operations | 28.71M | 64.04M | 93.11M | 54.30M | 101.17M | -953.88M |
| Minority Interest in Earnings | -26.48M | -58.42M | -86.05M | -52.51M | -83.18M | -59.43M |
| Net Income | 2.23M | 5.62M | 7.06M | 1.78M | 17.99M | -1.01B |
| Preferred Dividends & Other Adjustments | -1.03B | |||||
| Net Income to Common | 2.23M | 5.62M | 7.06M | 1.78M | 17.99M | 18.25M |
| Shares Outstanding (Basic) | 2.51M | 2.33M | 1.92M | 1.58M | 1.23M | 1.25M |
| Shares Outstanding (Diluted) | 2.56M | 2.44M | 1.97M | 1.67M | 1.24M | 1.25M |
| EPS (Basic) | 0.89 | 2.41 | 3.67 | 1.12 | 14.61 | 14.58 |
| EPS (Diluted) | 0.87 | 2.31 | 3.58 | 1.07 | 14.60 | 14.58 |
| Free Cash Flow | 45.87M | 45.57M | -22.28M | 62.36M | 48.34M | 63.48M |
| Free Cash Flow Per Share | 17.91 | 18.71 | -11.30 | 37.45 | 39.07 | 50.71 |
| Dividend Per Share | 0.90 | 0.80 | 0.80 | 0.60 | ||
| Gross Margin | 86.02% | 86.32% | 87.48% | 87.20% | 87.69% | 56.39% |
| Operating Margin | 8.52% | 19.19% | 23.55% | 12.13% | 17.03% | -174.37% |
| Profit Margin | 0.70% | 1.71% | 1.73% | 0.40% | 3.51% | 3.32% |
| Free Cash Flow Margin | 14.45% | 13.89% | -5.45% | 13.91% | 9.43% | 11.56% |
| EBITDA | 28.04M | 64.10M | 97.89M | 57.47M | 89.86M | -955.33M |
| EBITDA Margin | 8.83% | 19.54% | 23.95% | 12.82% | 17.54% | -173.95% |
| D&A For EBITDA | 1.01M | 1.12M | 1.65M | 3.08M | 2.58M | 2.27M |
| EBIT | 27.03M | 62.98M | 96.24M | 54.39M | 87.28M | -957.59M |
| EBIT Margin | 8.52% | 19.19% | 23.55% | 12.13% | 17.03% | -174.37% |
| Effective Tax Rate | 2.75% | 3.84% | 3.38% | 3.21% | 1.45% | |
| Revenue as Reported | 317.50M | 328.12M | 408.70M | 448.18M | 512.40M | 549.18M |
| Advertising Expenses | 38.24M | 29.97M | 44.27M | 97.70M | 144.56M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 32.91M | 70.14M | 97.88M | 155.17M | 158.57M | 139.08M |
| Cash & Short-Term Investments | 32.91M | 70.14M | 97.88M | 155.17M | 158.57M | 139.08M |
| Accounts Receivable | 3.13M | 5.72M | 1.88M | 4.53M | 4.04M | 7.80M |
| Other Receivables | 635.00K | 838.00K | 547.00K | 5.18M | 1.51M | 496.00K |
| Receivables | 3.76M | 6.56M | 2.42M | 9.71M | 5.55M | 8.60M |
| Prepaid Expenses | 7.68M | 10.80M | 10.05M | 9.30M | 11.72M | 13.04M |
| Restricted Cash | 500.00K | |||||
| Other Current Assets | 42.85M | 44.20M | 58.48M | 93.65M | 103.32M | 85.17M |
| Total Current Assets | 87.20M | 131.70M | 168.83M | 267.84M | 279.18M | 246.39M |
| Property, Plant & Equipment | 6.52M | 7.14M | 3.77M | 8.02M | 10.36M | 12.09M |
| Goodwill | 30.04M | 30.04M | 30.04M | 31.04M | 31.31M | 23.29M |
| Other Intangible Assets | 3.80M | 3.81M | 4.67M | 6.25M | 16.05M | 8.61M |
| Long-Term Deferred Tax Assets | 11.30M | 11.01M | 10.07M | 9.69M | 7.33M | 8.96M |
| Long-Term Deferred Charges | 47.01M | 34.68M | 42.12M | 73.42M | 97.66M | 120.39M |
| Other Long-Term Assets | 287.00K | 629.00K | 965.00K | |||
| Total Assets | 185.88M | 218.38M | 259.51M | 396.56M | 442.51M | 421.55M |
| Accounts Payable | 7.02M | 3.87M | 4.01M | 559.00K | 686.00K | 4.76M |
| Accrued Expenses | 31.54M | 33.22M | 23.27M | 55.04M | 45.98M | 46.45M |
| Current Portion of Leases | 743.00K | 908.00K | 1.63M | 1.45M | 1.48M | 1.27M |
| Current Unearned Revenue | 191.76M | 183.80M | 217.97M | 287.75M | 315.23M | 317.13M |
| Other Current Liabilities | 16.61M | 12.41M | 13.32M | 29.10M | 22.13M | 25.88M |
| Total Current Liabilities | 247.66M | 234.20M | 260.21M | 373.89M | 385.51M | 395.49M |
| Long-Term Leases | 4.79M | 5.17M | 2.74M | 4.37M | 5.83M | 6.93M |
| Long-Term Unearned Revenue | 195.04M | 185.75M | 209.01M | 304.34M | 348.27M | 393.04M |
| Other Long-Term Liabilities | 5.64M | 6.87M | 5.48M | 2.90M | 1.28M | 31.35M |
| Total Liabilities | 453.14M | 432.00M | 477.44M | 685.50M | 740.89M | 826.82M |
| Common Stock | 1.00K | 1.00K | 1.00K | 33.00K | 32.00K | 31.00K |
| Additional Paid-In Capital | 81.39M | 101.94M | 106.69M | 115.16M | 106.85M | 97.55M |
| Retained Earnings | -114.87M | -113.66M | -119.28M | -126.34M | -128.12M | -146.12M |
| Comprehensive Income & Other | 20.00K | 36.00K | 56.00K | 65.00K | 44.00K | -9.00K |
| Total Common Equity | -33.45M | -11.68M | -12.54M | -11.08M | -21.20M | -48.55M |
| Minority Interest | -233.82M | -201.94M | -205.39M | -277.86M | -277.19M | -356.72M |
| Shareholders' Equity | -267.27M | -213.62M | -217.92M | -288.94M | -298.38M | -405.26M |
| Total Liabilities & Equity | 185.88M | 218.38M | 259.51M | 396.56M | 442.51M | 421.55M |
| Total Debt | 5.54M | 6.08M | 4.37M | 5.81M | 7.32M | 8.21M |
| Net Cash (Debt) | 27.38M | 64.06M | 93.51M | 149.36M | 151.26M | 130.87M |
| Net Cash Per Share | 10.69 | 26.30 | 47.44 | 89.71 | 122.25 | 104.55 |
| Filing Date Shares Outstanding | 2.79M | 2.45M | 2.25M | 2.08M | 1.74M | 1.43M |
| Total Common Shares Outstanding | 2.67M | 2.45M | 1.98M | 1.82M | 1.45M | 1.24M |
| Working Capital | -160.46M | -102.50M | -91.38M | -106.05M | -106.33M | -149.10M |
| Book Value Per Share | -12.54 | -4.78 | -6.34 | -6.09 | -14.60 | -39.28 |
| Tangible Book Value | -67.29M | -45.54M | -47.25M | -48.37M | -68.55M | -80.44M |
| Tangible Book Value Per Share | -25.23 | -18.62 | -23.89 | -26.59 | -47.21 | -65.09 |
| Machinery | 2.83M | 2.78M | 2.61M | 2.48M | 2.42M | 2.38M |
| Construction In Progress | 65.00K | 160.00K | ||||
| Leasehold Improvements | 61.00K | 61.00K | 1.27M | 1.27M | 1.28M | 1.28M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 2.23M | 5.62M | 7.06M | 1.78M | 17.99M | -1.01B |
| Depreciation & Amortization | 1.01M | 1.12M | 1.65M | 3.08M | 2.58M | 2.27M |
| Other Amortization | 1.23M | 1.06M | 1.10M | 737.00K | 514.00K | 410.00K |
| Loss (Gain) From Sale of Assets | 586.00K | -2.03M | 1.58M | |||
| Asset Writedown & Restructuring Costs | 380.00K | 4.45M | 2.58M | 287.00K | ||
| Stock-Based Compensation | 10.53M | 11.11M | 12.20M | 23.38M | 9.04M | 210.91M |
| Other Operating Activities | 25.74M | 59.08M | 91.46M | 58.25M | 70.83M | 773.60M |
| Change in Accounts Receivable | 1.11M | -3.81M | 2.65M | -488.00K | 3.77M | 4.59M |
| Change in Accounts Payable | 4.42M | -123.00K | 3.47M | -200.00K | -3.98M | -7.28M |
| Change in Unearned Revenue | -4.05M | -56.09M | -162.09M | -67.09M | -51.98M | 175.55M |
| Change in Other Net Operating Assets | 3.93M | 27.60M | 17.93M | 38.80M | -682.00K | -83.11M |
| Operating Cash Flow | 46.73M | 45.96M | -22.15M | 62.43M | 48.37M | 63.63M |
| Capital Expenditures | -855.00K | -391.00K | -133.00K | -65.00K | -35.00K | -157.00K |
| Cash Acquisitions | -170.00K | -13.07M | -7.14M | |||
| Sale (Purchase) of Intangibles | -1.77M | -1.18M | -548.00K | -1.66M | -136.00K | -1.01M |
| Investing Cash Flow | -2.62M | -1.57M | -681.00K | -1.90M | -13.24M | -8.31M |
| Issuance of Common Stock | 278.00K | 418.00K | 301.00K | 678.00K | 827.00K | |
| Repurchase of Common Stock | -16.69M | -5.74M | -12.17M | -6.03M | -13.57M | -3.34M |
| Common Dividends Paid | -4.35M | -4.78M | -1.51M | -5.74M | -135.45M | |
| Other Financing Activities | -59.50M | -62.01M | -21.08M | -52.85M | -3.45M | 108.11M |
| Financing Cash Flow | -80.27M | -72.11M | -34.46M | -63.95M | -16.19M | -30.68M |
| Foreign Exchange Rate Adjustments | -36.00K | -20.00K | -9.00K | 21.00K | 53.00K | 8.00K |
| Net Cash Flow | -36.20M | -27.74M | -57.30M | -3.40M | 19.00M | 24.65M |
| Free Cash Flow | 45.87M | 45.57M | -22.28M | 62.36M | 48.34M | 63.48M |
| Free Cash Flow Margin | 14.45% | 13.89% | -5.45% | 13.91% | 9.43% | 11.56% |
| Free Cash Flow Per Share | 17.91 | 18.71 | -11.30 | 37.45 | 39.07 | 50.71 |
| Levered Free Cash Flow | 42.03M | 35.20M | 2.27M | 55.83M | 42.85M | 474.95M |
| Unlevered Free Cash Flow | 42.03M | 35.20M | 2.27M | 55.83M | 43.03M | 475.02M |
| Cash Interest Paid | 14.00K | 10.00K | 727.00K | 775.00K | 864.00K | 67.00K |
| Cash Income Tax Paid | 1.72M | 494.00K | 331.00K | |||
| Change in Working Capital | 5.41M | -32.42M | -138.04M | -28.98M | -52.87M | 89.76M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 327.16M | 36.30M | 25.22M | 106.87M | 56.91M | 189.65M |
| Enterprise Value | 299.78M | -219.53M | -291.79M | -314.25M | -382.96M | -323.06M |
| Last Close Price | 20.74 | 13.85 | 9.21 | 42.39 | 24.11 | 108.23 |
| PE Ratio | 23.72 | 6.46 | 3.57 | 59.97 | 3.16 | 10.39 |
| Forward PE | 8.77 | 12.04 | 4.20 | 11.78 | 22.42 | 31.40 |
| PS Ratio | 1.03 | 0.11 | 0.06 | 0.24 | 0.11 | 0.34 |
| PB Ratio | -0.17 | -0.12 | -0.37 | -0.19 | -0.47 | |
| P/FCF Ratio | 7.13 | 0.80 | 1.71 | 1.18 | 2.99 | |
| P/OCF Ratio | 7.00 | 0.79 | 1.71 | 1.18 | 2.98 | |
| Debt / Equity Ratio | -0.02 | -0.03 | -0.02 | -0.02 | -0.03 | -0.02 |
| Debt / EBITDA Ratio | 0.19 | 0.09 | 0.04 | 0.10 | 0.08 | |
| Debt / FCF Ratio | 0.12 | 0.13 | 0.09 | 0.15 | 0.13 | |
| Net Debt / Equity Ratio | 0.10 | 0.30 | 0.43 | 0.52 | 0.51 | 0.32 |
| Net Debt / EBITDA Ratio | -0.98 | -1.00 | -0.95 | -2.60 | -1.68 | 0.14 |
| Net Debt / FCF Ratio | -0.60 | -1.41 | 4.20 | -2.40 | -3.13 | -2.06 |
| Asset Turnover | 1.60 | 1.37 | 1.25 | 1.07 | 1.19 | 1.55 |
| Quick Ratio | 0.15 | 0.33 | 0.39 | 0.44 | 0.43 | 0.37 |
| Current Ratio | 0.35 | 0.56 | 0.65 | 0.72 | 0.72 | 0.62 |
| Return on Assets (ROA) | 8.50% | 16.47% | 18.34% | 8.10% | 12.63% | -169.46% |
| Return on Invested Capital (ROIC) | 846.57% | 132.16% | 207.11% | |||
| Return on Capital Employed (ROCE) | -43.80% | -398.00% | -13,887.40% | 240.00% | 153.10% | -3,674.40% |
| Earnings Yield | 4.22% | 15.48% | 27.99% | 1.67% | 31.61% | -534.31% |
| FCF Yield | 14.02% | 125.54% | -88.37% | 58.35% | 84.94% | 33.47% |
| Dividend Yield | 8.68% | 5.39% | 6.28% | 1.02% | ||
| Payout Ratio | 205.89% | 84.98% | 21.33% | 322.33% | ||
| Buyback Yield / Dilution | -19.25% | -23.59% | -18.38% | -34.56% | 1.15% | -4,468.26% |
| Total Shareholder Return | -10.57% | -18.20% | -12.10% | -33.54% | 1.15% | -4,468.26% |