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MarketWise (MKTW) Financials

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$18.92 +0.25 (+1.34%)
Closing price 04:00 PM Eastern
Extended Trading
$18.95 +0.03 (+0.16%)
As of 04:10 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for MarketWise

Annual Income Statements for MarketWise

This table shows MarketWise's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 28 -538 -1,013 18 1.78 7.06 5.62
Consolidated Net Income / (Loss)		 28 -541 -954 101 54 93 64
Net Income / (Loss) Continuing Operations		 28 -541 -954 101 54 93 64
Total Pre-Tax Income 		28 -541 -952 103 56 96 67
Total Operating Income		 26 -539 -968 87 52 89 63
Total Gross Profit		 230 210 310 450 391 358 284
Total Revenue		 272 364 549 512 448 409 328
Operating Revenue		 272 364 549 512 448 409 328
Total Cost of Revenue		 43 155 239 63 57 51 44
Operating Cost of Revenue		 43 155 239 63 57 51 44
Total Operating Expenses		 204 748 1,278 362 340 269 221
Selling, General & Admin Expense		 92 527 960 115 125 91 78
Marketing Expense		 106 214 297 235 199 161 131
Research & Development Expense		 3.67 4.77 7.49 8.82 8.83 9.91 8.81
Depreciation Expense		 2.33 2.55 2.68 3.09 3.82 2.75 2.19
Other Operating Expenses / (Income)		 0.33 0.12 10 0.38 0.57 0.53 0.56
Impairment Charge		 - - 0.00 0.00 2.58 4.45 0.38
Total Other Income / (Expense), net		 2.42 -2.40 16 15 4.29 7.37 4.00
Interest & Investment Income		 1.56 0.48 -0.11 -0.30 4.90 5.29 2.96
Other Income / (Expense), net		 0.87 -2.88 16 16 -0.61 2.09 1.04
Income Tax Expense		 0.00 0.00 2.36 1.49 1.80 3.25 2.56
Net Income / (Loss) Attributable to Noncontrolling Interest		 0.04 -2.72 59 83 53 86 58
Basic Earnings per Share		 $0.00 $0.00 $0.00 $0.73 $1.12 $3.67 $2.41
Weighted Average Basic Shares Outstanding		 0.00 0.00 0.00 24.64M 1.59M 1.92M 2.33M
Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.73 $1.07 $3.58 $2.31
Weighted Average Diluted Shares Outstanding		 0.00 0.00 0.00 24.75M 1.67M 1.97M 2.44M
Weighted Average Basic & Diluted Shares Outstanding		 - - 319.61M 325.92M 329.53M 324.50M 16.06M

Quarterly Income Statements for MarketWise

This table shows MarketWise's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 0.14 0.14 1.66 1.54 1.72 2.14 0.89 1.30 1.51 1.93 -0.57
Consolidated Net Income / (Loss)		 12 1.90 23 21 23 26 17 15 18 14 -0.55
Net Income / (Loss) Continuing Operations		 12 1.90 23 21 23 26 17 15 18 14 -0.55
Total Pre-Tax Income 		13 1.66 23 22 24 27 18 16 19 14 -0.49
Total Operating Income		 11 1.24 22 21 22 24 17 15 18 13 -1.10
Total Gross Profit		 92 99 96 92 84 86 72 69 71 73 66
Total Revenue		 106 112 109 105 97 97 84 80 81 83 77
Operating Revenue		 106 112 109 105 97 97 84 80 81 83 77
Total Cost of Revenue		 14 13 13 13 13 11 12 11 11 11 11
Operating Cost of Revenue		 14 13 13 13 13 11 12 11 11 11 11
Total Operating Expenses		 81 98 74 70 62 62 55 54 53 59 67
Selling, General & Admin Expense		 25 45 24 25 22 20 17 20 19 22 24
Marketing Expense		 52 48 47 43 37 34 34 32 31 34 40
Research & Development Expense		 2.09 2.05 2.15 2.17 2.61 2.97 2.35 2.14 2.14 2.19 2.33
Depreciation Expense		 1.00 0.84 0.69 0.67 0.64 0.76 0.53 0.50 0.65 0.50 0.52
Other Operating Expenses / (Income)		 0.16 0.09 0.13 0.26 0.01 0.13 0.13 0.18 0.13 0.12 0.27
Impairment Charge		 0.58 - 0.00 0.00 0.00 - 0.38 0.00 0.00 - 0.00
Total Other Income / (Expense), net		 1.69 0.42 1.89 0.69 1.82 2.98 1.10 1.11 1.16 0.63 0.60
Interest & Investment Income		 1.51 1.84 1.66 1.34 1.19 1.10 0.94 0.77 0.69 0.57 0.51
Other Income / (Expense), net		 0.18 -1.42 0.23 -0.66 0.63 1.88 0.16 0.34 0.48 0.06 0.09
Income Tax Expense		 0.69 -0.24 0.74 0.78 0.97 0.77 1.04 0.61 1.07 -0.16 0.06
Net Income / (Loss) Attributable to Noncontrolling Interest		 12 1.76 21 20 21 24 16 14 16 12 0.02
Basic Earnings per Share		 $0.00 $0.09 $0.90 $0.81 $0.88 $0.05 $0.43 $0.55 $0.60 $0.83 ($0.23)
Weighted Average Basic Shares Outstanding		 32.91M 1.59M 1.84M 1.91M 1.95M 38.32M 2.05M 2.36M 2.49M 2.33M 2.49M
Diluted Earnings per Share		 $0.00 $0.09 $0.85 $0.80 $0.87 $0.06 $0.41 $0.53 $0.58 $0.83 ($0.23)
Weighted Average Diluted Shares Outstanding		 33.63M 1.67M 1.96M 1.94M 1.98M 39.41M 2.16M 2.45M 2.60M 2.44M 2.49M
Weighted Average Basic & Diluted Shares Outstanding		 327.49M 329.53M 323.56M 315.97M 324.32M 324.50M 16.29M 16.37M 16.03M 16.06M 15.63M

Annual Cash Flow Statements for MarketWise

This table details how cash moves in and out of MarketWise's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 39 -57 25 19 -3.40 -57 -28
Net Cash From Operating Activities		 54 56 64 48 62 -22 46
Net Cash From Continuing Operating Activities		 54 56 64 48 62 -22 46
Net Income / (Loss) Continuing Operations		 28 -541 -954 101 54 93 64
Consolidated Net Income / (Loss)		 28 -541 -954 101 54 93 64
Depreciation Expense		 2.33 2.55 2.68 3.09 3.82 2.75 2.19
Non-Cash Adjustments To Reconcile Net Income		 -4.88 473 940 10 27 19 13
Changes in Operating Assets and Liabilities, net		 29 121 75 -66 -23 -137 -34
Net Cash From Investing Activities		 12 -9.65 -8.31 -13 -1.90 -0.68 -1.57
Net Cash From Continuing Investing Activities		 12 -9.65 -8.31 -13 -1.90 -0.68 -1.57
Purchase of Property, Plant & Equipment		 -0.93 -0.29 -0.28 -0.17 -1.73 -0.68 -1.57
Acquisitions		 -1.68 -9.36 -8.03 -13 -0.17 0.00 0.00
Net Cash From Financing Activities		 -27 -103 -31 -16 -64 -34 -72
Net Cash From Continuing Financing Activities		 -27 -103 -31 -16 -64 -34 -72
Repurchase of Common Equity		 0.00 0.00 -3.34 -13 0.00 -11 -3.38
Payment of Dividends		 -22 -102 -141 -4.61 -59 -23 -67
Issuance of Common Equity		 - 0.00 0.00 0.83 0.68 0.30 0.42
Other Financing Activities, net		 0.00 5.45 114 -0.52 -6.03 -1.37 -2.36
Effect of Exchange Rate Changes		 -0.04 -0.01 0.01 0.05 0.02 -0.01 -0.02

Quarterly Cash Flow Statements for MarketWise

This table details how cash moves in and out of MarketWise's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 7.00 -39 -24 -22 -15 3.77 -19 -10 -19 20 -17
Net Cash From Operating Activities		 12 18 -19 -3.80 -5.83 5.99 1.73 18 2.17 24 -2.08
Net Cash From Continuing Operating Activities		 12 18 -19 -3.80 -5.83 5.99 1.73 18 2.17 24 -2.08
Net Income / (Loss) Continuing Operations		 12 1.90 23 21 23 26 17 15 18 14 -0.55
Consolidated Net Income / (Loss)		 12 1.90 23 21 23 26 17 15 18 14 -0.55
Depreciation Expense		 1.00 0.84 0.69 0.67 0.64 0.76 0.53 0.50 0.65 0.50 0.52
Non-Cash Adjustments To Reconcile Net Income		 5.62 13 6.64 1.98 5.04 5.62 4.40 3.63 3.00 2.44 4.07
Changes in Operating Assets and Liabilities, net		 -6.61 1.30 -49 -28 -34 -27 -20 -1.60 -19 7.30 -6.11
Net Cash From Investing Activities		 -0.70 -0.24 -0.25 -0.50 -0.04 0.11 -0.22 -0.34 -0.48 -0.53 -0.60
Net Cash From Continuing Investing Activities		 -0.70 -0.24 -0.25 -0.50 -0.04 0.11 -0.22 -0.34 -0.48 -0.53 -0.60
Purchase of Property, Plant & Equipment		 -0.53 -0.24 -0.25 -0.50 -0.04 0.11 -0.22 -0.34 -0.48 -0.53 -0.60
Net Cash From Financing Activities		 -4.38 -56 -5.20 -18 -9.41 -2.33 -20 -28 -20 -4.09 -15
Net Cash From Continuing Financing Activities		 -4.38 -56 -5.20 -18 -9.41 -2.33 -20 -28 -20 -4.09 -15
Repurchase of Common Equity		 - - - - - - 0.00 - -1.05 -0.48 -0.06
Payment of Dividends		 -3.97 -52 -4.03 -6.94 -9.21 -2.42 -20 -26 -18 -3.53 -14
Other Financing Activities, net		 -0.41 -4.51 -1.17 - -0.20 - -0.58 - -1.56 -0.22 -0.86
Effect of Exchange Rate Changes		 0.03 0.01 -0.04 -0.02 0.05 - 0.00 - -0.03 0.01 -0.01

Annual Balance Sheets for MarketWise

This table presents MarketWise's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2020 2021 2022 2023 2024 2025
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 285 422 443 397 260 218
Total Current Assets		 181 246 279 268 169 132
Cash & Equivalents		 114 139 159 155 98 70
Accounts Receivable		 13 8.30 5.55 9.71 2.42 6.56
Prepaid Expenses		 8.53 13 12 9.31 10 11
Other Current Assets		 44 85 103 94 58 44
Plant, Property, & Equipment, net		 1.42 1.19 0.89 0.69 0.59 0.45
Total Noncurrent Assets		 103 174 162 128 90 86
Goodwill		 18 23 31 31 30 30
Intangible Assets		 5.28 8.61 16 6.26 4.67 3.81
Noncurrent Deferred & Refundable Income Taxes		 0.00 8.96 7.33 9.69 10 11
Other Noncurrent Operating Assets		 78 132 108 81 45 41
Total Liabilities & Shareholders' Equity		 285 422 443 397 260 218
Total Liabilities		 1,205 827 741 685 477 432
Total Current Liabilities		 346 395 386 374 260 234
Accounts Payable		 14 5.73 1.69 1.70 4.35 4.38
Accrued Expenses		 32 46 46 55 23 33
Current Deferred Revenue		 278 317 315 288 218 184
Current Deferred & Payable Income Tax Liabilities		 - - - - - 0.00
Other Current Liabilities		 21 26 23 29 15 13
Total Noncurrent Liabilities		 860 431 355 309 215 198
Noncurrent Deferred Revenue		 254 393 348 304 209 186
Noncurrent Deferred & Payable Income Tax Liabilities		 - - 0.00 0.00 0.00 4.26
Other Noncurrent Operating Liabilities		 605 38 7.11 5.11 5.55 7.79
Total Equity & Noncontrolling Interests		 0.00 -405 -298 -289 -218 -214
Total Preferred & Common Equity		 0.00 -49 -21 -11 -13 -12
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 -915 -49 -21 -11 -13 -12
Common Stock		 -915 98 107 115 107 102
Retained Earnings		 0.00 -146 -128 -126 -119 -114
Accumulated Other Comprehensive Income / (Loss)		 -0.02 -0.01 0.04 0.07 0.06 0.04
Noncontrolling Interest		 -5.87 -357 -277 -278 -205 -202

Quarterly Balance Sheets for MarketWise

This table presents MarketWise's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 452 359 315 278 240 212 202 202
Total Current Assets		 313 233 198 172 153 130 117 112
Cash & Equivalents		 194 131 109 94 79 69 51 53
Accounts Receivable		 6.96 5.36 5.77 3.15 10 4.85 4.62 4.87
Prepaid Expenses		 11 11 8.26 8.99 10 7.29 16 11
Other Current Assets		 101 85 75 66 53 49 46 44
Plant, Property, & Equipment, net		 0.75 0.63 0.60 0.57 0.20 0.29 0.28 0.89
Total Noncurrent Assets		 138 126 116 105 86 81 84 89
Goodwill		 31 34 34 34 30 30 30 30
Intangible Assets		 14 8.44 8.30 7.69 4.39 4.12 3.97 3.46
Noncurrent Deferred & Refundable Income Taxes		 7.75 9.37 9.23 8.47 10 10 9.22 11
Other Noncurrent Operating Assets		 85 75 65 56 42 37 41 45
Total Liabilities & Shareholders' Equity		 452 359 315 278 240 212 202 202
Total Liabilities		 699 629 579 525 457 439 428 429
Total Current Liabilities		 362 334 313 284 248 240 229 229
Accounts Payable		 3.26 3.28 4.01 3.46 3.83 3.08 4.31 7.32
Accrued Expenses		 43 22 26 22 18 23 25 23
Current Deferred Revenue		 294 280 252 230 213 201 189 185
Current Deferred & Payable Income Tax Liabilities		 - - - - - - - 0.79
Other Current Liabilities		 23 28 31 28 13 12 11 13
Total Noncurrent Liabilities		 336 295 263 239 205 195 194 200
Noncurrent Deferred Revenue		 326 285 257 233 202 192 186 189
Noncurrent Deferred & Payable Income Tax Liabilities		 2.10 2.47 0.00 0.00 0.00 0.00 0.00 3.25
Other Noncurrent Operating Liabilities		 8.34 6.37 5.72 5.41 3.26 2.66 7.91 7.47
Total Equity & Noncontrolling Interests		 -247 -269 -264 -247 -218 -227 -226 -227
Total Preferred & Common Equity		 -13 -9.37 -24 -19 -16 -16 -15 -12
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 -13 -9.37 -24 -19 -16 -16 -15 -12
Common Stock		 113 115 99 102 103 101 101 102
Retained Earnings		 -126 -125 -123 -121 -118 -117 -116 -114
Accumulated Other Comprehensive Income / (Loss)		 0.06 0.03 0.01 0.06 0.06 0.06 0.02 0.03
Noncontrolling Interest		 -233 -260 -240 -228 -202 -211 -211 -215

Annual Metrics And Ratios for MarketWise

This table displays calculated financial ratios and metrics derived from MarketWise's official financial filings.

Metric 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 0.00 51,750,000.00 316,244,772.00 319,026,066.00 327,489,740.00 - 16,029,281.00
DEI Adjusted Shares Outstanding		 0.00 2,587,500.00 15,812,239.00 15,951,303.00 16,374,487.00 - 16,029,281.00
DEI Earnings Per Adjusted Shares Outstanding		 0.00 -208.07 -64.08 1.13 0.11 - 0.35
Growth Metrics		 - - - - - - -
Revenue Growth		 0.00% 33.78% 50.80% -6.70% -12.53% -8.81% -19.72%
EBITDA Growth		 0.00% -1,973.60% -76.01% 111.18% -48.12% 70.55% -29.85%
EBIT Growth		 0.00% -2,148.68% -75.68% 110.82% -50.28% 77.90% -30.13%
NOPAT Growth		 0.00% -1,574.71% -79.62% 112.70% -41.71% 71.49% -30.00%
Net Income Growth		 0.00% -2,032.95% -76.29% 110.61% -46.33% 71.49% -31.22%
EPS Growth		 0.00% 0.00% 0.00% 0.00% -46.33% 260.00% -35.47%
Operating Cash Flow Growth		 0.00% 3.09% 13.88% -23.98% 29.05% -135.48% 307.49%
Free Cash Flow Firm Growth		 0.00% 0.00% -277.39% 99.84% 1,983.78% -214.32% 171.94%
Invested Capital Growth		 0.00% 0.00% 47.39% 16.13% 3.28% 28.55% 9.38%
Revenue Q/Q Growth		 0.00% 0.00% 0.00% 0.00% -3.34% -3.47% -4.12%
EBITDA Q/Q Growth		 0.00% 0.00% 0.00% 0.00% -31.46% 38.68% -16.58%
EBIT Q/Q Growth		 0.00% 0.00% 0.00% 0.00% -32.86% 40.50% -16.77%
NOPAT Q/Q Growth		 0.00% 0.00% 0.00% 0.00% -33.78% 34.49% -14.50%
Net Income Q/Q Growth		 0.00% 0.00% 0.00% 0.00% -32.13% 35.72% -16.26%
EPS Q/Q Growth		 0.00% 0.00% 0.00% 0.00% -32.13% 50.00% -1.28%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% 53.29% 0.00% 12.46% -108.80% 65.74%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 0.00% -93.19% -4.51% 603.00%
Invested Capital Q/Q Growth		 0.00% 0.00% 0.00% 0.00% -0.30% 6.63% -4.24%
Profitability Metrics		 - - - - - - -
Gross Margin		 84.37% 57.55% 56.44% 87.76% 87.33% 87.60% 86.49%
EBITDA Margin		 10.57% -148.01% -172.75% 20.70% 12.28% 22.96% 20.06%
Operating Margin		 9.39% -147.92% -176.19% 17.03% 11.56% 21.77% 19.08%
EBIT Margin		 9.71% -148.71% -173.24% 20.09% 11.42% 22.28% 19.39%
Profit (Net Income) Margin		 10.28% -148.58% -173.69% 19.74% 12.11% 22.78% 19.52%
Tax Burden Percent		 100.00% 100.00% 100.25% 98.55% 96.79% 96.62% 96.16%
Interest Burden Percent		 105.89% 99.91% 100.01% 99.71% 109.58% 105.81% 104.66%
Effective Tax Rate		 0.00% 0.00% 0.00% 1.45% 3.21% 3.38% 3.84%
Return on Invested Capital (ROIC)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Equity (ROE)		 0.00% 0.00% 470.75% -28.76% -18.49% -36.74% -29.68%
Cash Return on Invested Capital (CROIC)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Return on Assets (OROA)		 0.00% -190.15% -269.38% 23.83% 12.20% 27.76% 26.63%
Return on Assets (ROA)		 0.00% -189.98% -270.08% 23.42% 12.94% 28.38% 26.80%
Return on Common Equity (ROCE)		 0.00% 0.00% 1,118.95% -2.85% -1.02% -1.71% -1.67%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 0.00% 1,964.95% -477.28% 0.00% -742.73% 0.00%
Net Operating Profit after Tax (NOPAT)		 26 -377 -677 86 50 86 60
NOPAT Margin		 9.39% -103.54% -123.33% 16.79% 11.19% 21.04% 18.34%
Net Nonoperating Expense Percent (NNEP)		 0.00% -31.68% -47.07% 10.17% 2.67% 5.68% 4.66%
Return On Investment Capital (ROIC_SIMPLE)		 - - - -28.83% -17.35% -39.46% -28.18%
Cost of Revenue to Revenue		 15.63% 42.45% 43.56% 12.24% 12.67% 12.40% 13.51%
SG&A Expenses to Revenue		 33.67% 144.59% 174.84% 22.41% 27.93% 22.20% 23.86%
R&D to Revenue		 1.35% 1.31% 1.36% 1.72% 1.97% 2.42% 2.69%
Operating Expenses to Revenue		 74.98% 205.47% 232.62% 70.73% 75.77% 65.83% 67.41%
Earnings before Interest and Taxes (EBIT)		 26 -542 -951 103 51 91 64
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 29 -539 -949 106 55 94 66
Valuation Ratios		 - - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)		 1.32 1.31 3.91 0.88 1.63 0.43 0.71
Price to Earnings (P/E)		 12.88 0.00 0.00 25.11 409.64 24.86 41.54
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 8.08% 9.24% 14.42%
Earnings Yield		 7.77% 0.00% 0.00% 3.98% 0.24% 4.02% 2.41%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Revenue (EV/Rev)		 0.00 0.98 3.01 0.03 0.66 0.00 0.00
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.15 5.40 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.16 5.80 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.19 5.92 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 6.40 25.97 0.33 4.76 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.54 0.00 0.00 8.45 0.00 0.00
Leverage & Solvency		 - - - - - - -
Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Financial Leverage		 0.00 0.00 2.90 0.42 0.53 0.50 0.38
Leverage Ratio		 0.00 0.00 -1.74 -1.23 -1.43 -1.29 -1.11
Compound Leverage Factor		 0.00 0.00 -1.74 -1.22 -1.57 -1.37 -1.16
Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 88.02% 92.90% 96.17% 94.25% 94.53%
Common Equity to Total Capital		 0.00% 0.00% 11.98% 7.10% 3.84% 5.75% 5.47%
Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Altman Z-Score		 0.00 -5.45 -5.50 1.60 1.43 1.89 1.50
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% -137.70% 90.09% 94.50% 95.34% 94.39%
Liquidity Ratios		 - - - - - - -
Current Ratio		 0.00 0.52 0.62 0.72 0.72 0.65 0.56
Quick Ratio		 0.00 0.37 0.37 0.43 0.44 0.39 0.33
Cash Flow Metrics		 - - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 658 -1,168 -1.87 35 -40 31
Operating Cash Flow to CapEx		 5,834.34% 19,267.24% 22,725.71% 28,288.89% 3,614.82% -3,252.57% 2,932.87%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - -
Asset Turnover		 0.00 1.28 1.56 1.19 1.07 1.25 1.37
Accounts Receivable Turnover		 0.00 27.44 50.91 73.98 58.73 67.37 73.05
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 0.00 257.01 421.64 492.70 566.60 637.60 627.98
Accounts Payable Turnover		 0.00 10.67 23.67 16.90 33.55 16.76 10.16
Days Sales Outstanding (DSO)		 0.00 13.30 7.17 4.93 6.21 5.42 5.00
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 0.00 34.19 15.42 21.59 10.88 21.78 35.92
Cash Conversion Cycle (CCC)		 0.00 -20.89 -8.25 -16.66 -4.66 -16.36 -30.92
Capital & Investment Metrics		 - - - - - - -
Invested Capital		 0.00 -1,036 -545 -457 -442 -316 -284
Invested Capital Turnover		 0.00 -0.70 -0.70 -1.02 -1.00 -1.08 -1.10
Increase / (Decrease) in Invested Capital		 0.00 -1,036 491 88 15 126 29
Enterprise Value (EV)		 0.00 358 1,653 16 297 -128 -39
Market Capitalization		 360 478 2,149 452 730 175 233
Book Value per Share		 $0.00 ($17.68) ($0.15) ($0.86) ($0.03) ($0.04) ($0.73)
Tangible Book Value per Share		 $0.00 ($18.13) ($0.25) ($2.78) ($0.15) ($0.15) ($2.84)
Total Capital		 0.00 0.00 -405 -298 -289 -218 -214
Total Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt		 0.00 -115 -140 -159 -155 -98 -70
Capital Expenditures (CapEx)		 0.93 0.29 0.28 0.17 1.73 0.68 1.57
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 0.00 -280 -289 -265 -261 -189 -173
Debt-free Net Working Capital (DFNWC)		 0.00 -165 -149 -106 -106 -91 -103
Net Working Capital (NWC)		 0.00 -165 -149 -106 -106 -91 -103
Net Nonoperating Expense (NNE)		 -2.42 164 277 -15 -4.16 -7.12 -3.85
Net Nonoperating Obligations (NNO)		 0.00 -1,036 -140 -159 -153 -98 -70
Total Depreciation and Amortization (D&A)		 2.33 2.55 2.68 3.09 3.82 2.75 2.19
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% -76.84% -52.57% -51.70% -58.29% -46.31% -52.62%
Debt-free Net Working Capital to Revenue		 0.00% -45.28% -27.15% -20.75% -23.66% -22.36% -31.24%
Net Working Capital to Revenue		 0.00% -45.28% -27.15% -20.75% -23.66% -22.36% -31.24%
Earnings Adjustments		 - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 $0.00 $0.73 $1.20 $0.18 $2.41
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 0.00 24.64M 1.59M 38.32M 2.33M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.73 $1.00 $0.18 $2.31
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 0.00 24.75M 1.67M 39.41M 2.44M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 319.61M 325.92M 16.48M 324.50M 16.06M
Normalized Net Operating Profit after Tax (NOPAT)		 18 -377 -677 86 53 90 61
Normalized NOPAT Margin		 6.58% -103.54% -123.33% 16.79% 11.75% 22.09% 18.46%
Pre Tax Income Margin		 10.28% -148.58% -173.26% 20.04% 12.52% 23.58% 20.30%
Debt Service Ratios		 - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - -
Dividend Payout Ratio		 79.67% -18.90% -14.78% 4.56% 107.93% 24.26% 104.29%
Augmented Payout Ratio		 79.67% -18.90% -15.13% 17.46% 107.93% 35.86% 109.56%

Quarterly Metrics And Ratios for MarketWise

This table displays calculated financial ratios and metrics derived from MarketWise's official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 327,322,990.00 327,489,740.00 329,528,284.00 323,563,430.00 315,965,123.00 - 324,503,944.00 16,285,109.00 16,371,630.00 16,029,281.00 16,060,776.00
DEI Adjusted Shares Outstanding		 16,366,150.00 16,374,487.00 16,476,414.00 16,178,172.00 15,798,256.00 - 16,225,197.00 16,285,109.00 16,371,630.00 16,029,281.00 16,060,776.00
DEI Earnings Per Adjusted Shares Outstanding		 0.01 0.01 0.10 0.10 0.11 - 0.05 0.08 0.09 0.12 -0.04
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -11.49% -12.14% -13.66% 1.35% -8.44% -13.09% -23.38% -23.89% -16.38% -14.45% -7.76%
EBITDA Growth		 -35.36% -97.45% -29.70% 110.29% 89.52% 3,964.85% -22.30% -26.67% -18.21% -48.75% -102.77%
EBIT Growth		 -37.90% -100.73% -29.70% 125.82% 100.77% 14,425.27% -22.26% -26.71% -18.80% -49.19% -105.92%
NOPAT Growth		 -47.91% -94.79% -29.72% 140.85% 101.13% 1,559.57% -24.30% -30.80% -19.93% -43.28% -104.85%
Net Income Growth		 -27.05% -93.11% -25.79% 118.00% 88.86% 1,287.81% -25.85% -27.92% -21.24% -47.08% -103.29%
EPS Growth		 100.00% -93.11% -25.79% 118.00% 88.86% 0.00% -25.85% -33.75% -33.33% -25.23% -156.10%
Operating Cash Flow Growth		 21.76% 65.18% -578.57% -113.10% -148.35% -65.85% 109.36% 570.14% 137.21% 304.58% -219.73%
Free Cash Flow Firm Growth		 180.55% 77.64% 91.42% 7.15% -118.04% -656.17% -1,586.11% -18.43% 39.54% 84.78% 84.18%
Invested Capital Growth		 0.00% 3.28% 6.16% 16.75% 23.24% 28.55% 26.68% 21.09% 19.52% 9.38% 4.64%
Revenue Q/Q Growth		 2.42% 5.66% -2.82% -3.62% -7.48% 0.30% -14.33% -4.26% 1.65% 2.61% -7.63%
EBITDA Q/Q Growth		 20.43% -94.60% 3,306.36% -5.05% 8.54% 15.79% -34.89% -10.39% 21.05% -27.44% -103.52%
EBIT Q/Q Growth		 22.57% -101.62% 12,071.98% -5.10% 8.98% 15.70% -35.03% -10.53% 20.75% -27.61% -107.56%
NOPAT Q/Q Growth		 22.22% -86.43% 1,373.56% -1.44% 2.06% 11.96% -32.78% -9.90% 18.09% -20.69% -105.75%
Net Income Q/Q Growth		 23.62% -84.20% 1,093.48% -6.48% 7.09% 16.11% -36.23% -9.09% 17.02% -21.99% -103.96%
EPS Q/Q Growth		 0.00% -84.20% 0.00% -6.48% 7.09% 50.00% -36.23% 29.27% 9.43% 43.10% -127.71%
Operating Cash Flow Q/Q Growth		 -58.40% 45.39% -205.61% 79.50% -53.60% 202.68% -71.04% 929.54% -87.84% 1,016.37% -108.57%
Free Cash Flow Firm Q/Q Growth		 878.04% -103.01% 60.30% -898.77% -51.17% -26.14% 13.71% 29.85% 22.83% 67.42% 10.30%
Invested Capital Q/Q Growth		 0.82% -0.30% 9.53% 7.50% 8.55% 6.63% 6.37% 0.44% 6.73% -4.24% 1.48%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 86.99% 88.35% 87.73% 87.26% 86.72% 88.70% 85.71% 86.30% 86.96% 86.99% 85.53%
EBITDA Margin		 11.52% 0.59% 20.63% 20.32% 23.84% 27.52% 20.92% 19.58% 23.32% 16.49% -0.63%
Operating Margin		 10.40% 1.10% 19.78% 20.31% 22.54% 24.82% 20.09% 18.53% 21.93% 15.81% -1.42%
EBIT Margin		 10.57% -0.16% 19.99% 19.68% 23.19% 26.75% 20.28% 18.95% 22.51% 15.88% -1.30%
Profit (Net Income) Margin		 11.35% 1.70% 20.84% 20.22% 23.40% 27.09% 20.17% 19.15% 22.04% 16.76% -0.72%
Tax Burden Percent		 94.57% 114.64% 96.87% 96.46% 95.90% 97.18% 94.19% 96.15% 94.37% 101.17% 112.60%
Interest Burden Percent		 113.46% -912.09% 107.61% 106.49% 105.26% 104.23% 105.56% 105.07% 103.74% 104.29% 49.10%
Effective Tax Rate		 5.43% -14.64% 3.13% 3.54% 4.10% 2.82% 5.81% 3.85% 5.63% -1.17% 0.00%
Return on Invested Capital (ROIC)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Equity (ROE)		 -64.88% -18.49% -17.38% -22.22% -27.79% -36.74% -35.82% -33.12% -32.33% -29.68% -20.98%
Cash Return on Invested Capital (CROIC)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Return on Assets (OROA)		 21.70% -0.17% 21.78% 22.37% 26.88% 33.32% 25.96% 25.76% 32.10% 21.81% -1.90%
Return on Assets (ROA)		 23.28% 1.81% 22.71% 22.98% 27.14% 33.76% 25.81% 26.02% 31.43% 23.01% -1.05%
Return on Common Equity (ROCE)		 -3.49% -1.02% -0.85% -1.62% -1.84% -1.71% -1.85% -2.66% -2.32% -1.67% -1.32%
Return on Equity Simple (ROE_SIMPLE)		 -603.45% 0.00% -495.38% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 10 1.42 21 21 21 24 16 14 17 13 -0.77
NOPAT Margin		 9.84% 1.26% 19.16% 19.59% 21.61% 24.12% 18.93% 17.81% 20.69% 15.99% -1.00%
Net Nonoperating Expense Percent (NNEP)		 1.65% 0.31% 1.26% 0.45% 1.22% 2.31% 1.01% 1.25% 1.60% 0.77% 0.33%
Return On Investment Capital (ROIC_SIMPLE)		 - -0.49% -7.77% -7.80% -8.50% -10.79% -7.26% -6.27% -7.44% -6.24% 0.34%
Cost of Revenue to Revenue		 13.01% 11.65% 12.27% 12.74% 13.28% 11.30% 14.29% 13.70% 13.04% 13.01% 14.47%
SG&A Expenses to Revenue		 23.56% 39.69% 21.84% 23.34% 23.13% 20.43% 20.75% 24.70% 23.11% 26.91% 31.37%
R&D to Revenue		 1.96% 1.83% 1.97% 2.07% 2.69% 3.05% 2.81% 2.68% 2.63% 2.62% 3.02%
Operating Expenses to Revenue		 76.59% 87.25% 67.96% 66.95% 64.19% 63.88% 65.61% 67.78% 65.03% 71.18% 86.95%
Earnings before Interest and Taxes (EBIT)		 11 -0.18 22 21 23 26 17 15 18 13 -1.00
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 12 0.66 22 21 23 27 17 16 19 14 -0.48
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)		 1.03 1.63 1.19 0.77 0.44 0.43 0.38 0.90 0.79 0.71 0.93
Price to Earnings (P/E)		 80.40 409.64 260.40 96.02 36.91 24.86 23.19 53.31 46.42 41.54 72.33
Dividend Yield		 1.37% 8.08% 12.19% 19.37% 33.83% 9.24% 15.57% 7.58% 10.28% 14.42% 8.28%
Earnings Yield		 1.24% 0.24% 0.38% 1.04% 2.71% 4.02% 4.31% 1.88% 2.15% 2.41% 1.38%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Revenue (EV/Rev)		 0.11 0.66 0.29 0.00 0.00 0.00 0.00 0.12 0.03 0.00 0.10
Enterprise Value to EBITDA (EV/EBITDA)		 0.62 5.40 2.70 0.00 0.00 0.00 0.00 0.50 0.11 0.00 0.70
Enterprise Value to EBIT (EV/EBIT)		 0.66 5.80 2.93 0.00 0.00 0.00 0.00 0.52 0.11 0.00 0.73
Enterprise Value to NOPAT (EV/NOPAT)		 0.66 5.92 2.98 0.00 0.00 0.00 0.00 0.56 0.12 0.00 0.77
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.90 4.76 3.07 0.00 0.00 0.00 0.00 2.12 0.31 0.00 0.79
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.10 8.45 8.18 0.00 0.00 0.00 0.00 0.00 1.97 0.00 1.12
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Financial Leverage		 0.79 0.53 0.55 0.56 0.58 0.50 0.42 0.35 0.29 0.38 0.29
Leverage Ratio		 -1.83 -1.43 -1.48 -1.46 -1.48 -1.29 -1.23 -1.07 -1.01 -1.11 -0.99
Compound Leverage Factor		 -2.08 13.03 -1.59 -1.55 -1.56 -1.35 -1.30 -1.13 -1.05 -1.15 -0.49
Debt to Total Capital		 0.00% 0.00% -0.26% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 0.00% 0.00% -0.26% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 94.62% 96.17% 96.78% 91.03% 92.12% 94.25% 92.74% 93.06% 93.58% 94.53% 94.61%
Common Equity to Total Capital		 5.38% 3.84% 3.49% 8.97% 7.88% 5.75% 7.26% 6.94% 6.42% 5.47% 5.40%
Debt to EBITDA		 0.00 0.00 0.02 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to EBITDA		 0.00 0.00 -2.87 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to EBITDA		 0.00 0.00 0.02 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT		 0.00 0.00 0.02 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to NOPAT		 0.00 0.00 -3.16 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to NOPAT		 0.00 0.00 0.02 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Altman Z-Score		 0.99 1.00 1.07 0.95 0.91 1.06 0.86 0.97 0.91 0.74 0.51
Noncontrolling Interest Sharing Ratio		 94.62% 94.50% 95.13% 92.69% 93.37% 95.34% 94.83% 91.97% 92.81% 94.39% 93.69%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 0.86 0.72 0.70 0.63 0.61 0.65 0.62 0.54 0.51 0.56 0.49
Quick Ratio		 0.55 0.44 0.41 0.37 0.34 0.39 0.36 0.31 0.24 0.33 0.25
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 451 -14 -5.39 -54 -81 -103 -91 -64 -49 -16 -14
Operating Cash Flow to CapEx		 2,278.83% 7,333.47% -7,345.63% -765.12% -14,572.50% 0.00% 780.63% 5,263.13% 454.72% 4,577.32% -345.83%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 2.05 1.07 1.09 1.14 1.16 1.25 1.28 1.36 1.43 1.37 1.46
Accounts Receivable Turnover		 0.00 58.73 94.95 87.20 83.71 67.37 48.72 67.45 88.02 73.05 42.20
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 0.00 566.60 588.31 616.75 643.92 637.60 920.09 799.38 811.88 627.98 590.17
Accounts Payable Turnover		 0.00 33.55 19.40 14.19 15.70 16.76 13.86 13.21 11.45 10.16 7.82
Days Sales Outstanding (DSO)		 0.00 6.21 3.84 4.19 4.36 5.42 7.49 5.41 4.15 5.00 8.65
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 0.00 10.88 18.82 25.73 23.24 21.78 26.34 27.63 31.87 35.92 46.70
Cash Conversion Cycle (CCC)		 0.00 -4.66 -14.97 -21.54 -18.88 -16.36 -18.85 -22.22 -27.72 -30.92 -38.05
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 -441 -442 -400 -370 -338 -316 -293 -292 -272 -284 -280
Invested Capital Turnover		 -2.10 -1.00 -1.04 -1.06 -1.09 -1.08 -1.11 -1.08 -1.12 -1.10 -1.12
Increase / (Decrease) in Invested Capital		 -441 15 26 74 102 126 107 78 66 29 14
Enterprise Value (EV)		 50 297 123 -15 -135 -128 -135 42 8.65 -39 33
Market Capitalization		 477 730 514 334 187 175 146 322 271 233 301
Book Value per Share		 ($0.04) ($0.03) ($0.03) ($0.07) ($0.06) ($0.04) ($0.05) ($0.97) ($0.89) ($0.73) ($0.76)
Tangible Book Value per Share		 ($0.18) ($0.15) ($0.16) ($0.20) ($0.19) ($0.15) ($0.15) ($3.07) ($2.96) ($2.84) ($2.85)
Total Capital		 -247 -289 -269 -264 -247 -218 -218 -227 -226 -214 -227
Total Debt		 0.00 0.00 0.71 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Long-Term Debt		 0.00 0.00 0.71 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt		 -194 -155 -130 -109 -94 -98 -79 -69 -51 -70 -53
Capital Expenditures (CapEx)		 0.53 0.24 0.25 0.50 0.04 -0.11 0.22 0.34 0.48 0.53 0.60
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -243 -261 -233 -224 -206 -189 -174 -179 -163 -173 -170
Debt-free Net Working Capital (DFNWC)		 -49 -106 -101 -114 -111 -91 -95 -109 -112 -103 -117
Net Working Capital (NWC)		 -49 -106 -101 -114 -111 -91 -95 -109 -112 -103 -117
Net Nonoperating Expense (NNE)		 -1.60 -0.49 -1.83 -0.66 -1.74 -2.90 -1.04 -1.07 -1.10 -0.64 -0.21
Net Nonoperating Obligations (NNO)		 -194 -153 -130 -106 -91 -98 -75 -65 -46 -70 -53
Total Depreciation and Amortization (D&A)		 1.00 0.84 0.69 0.67 0.64 0.76 0.53 0.50 0.65 0.50 0.52
Debt-free, Cash-free Net Working Capital to Revenue		 -52.51% -58.29% -53.96% -51.74% -48.56% -46.31% -45.53% -49.87% -47.55% -52.62% -52.85%
Debt-free Net Working Capital to Revenue		 -10.67% -23.66% -23.52% -26.45% -26.33% -22.36% -24.86% -30.57% -32.78% -31.24% -36.47%
Net Working Capital to Revenue		 -10.67% -23.66% -23.52% -26.45% -26.33% -22.36% -24.86% -30.57% -32.78% -31.24% -36.47%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $1.80 $1.00 $0.80 $0.80 $0.05 $0.43 $0.55 $0.60 $0.83 ($0.23)
Adjusted Weighted Average Basic Shares Outstanding		 32.91M 79.25K 1.84M 1.91M 1.95M 38.32M 2.05M 2.36M 2.49M 2.33M 2.49M
Adjusted Diluted Earnings per Share		 $0.00 $1.80 $0.80 $0.80 $0.80 $0.06 $0.41 $0.53 $0.58 $0.83 ($0.23)
Adjusted Weighted Average Diluted Shares Outstanding		 33.63M 83.25K 1.97M 1.94M 1.98M 39.41M 2.16M 2.45M 2.60M 2.44M 2.49M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $1.80 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.83 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 327.49M 16.48M 16.18M 15.80M 16.22M 324.50M 16.29M 16.37M 16.03M 16.06M 15.63M
Normalized Net Operating Profit after Tax (NOPAT)		 11 0.87 21 21 21 24 16 14 17 9.23 -0.77
Normalized NOPAT Margin		 10.36% 0.77% 19.16% 19.59% 21.61% 24.12% 19.36% 17.81% 20.69% 11.07% -1.00%
Pre Tax Income Margin		 12.00% 1.48% 21.51% 20.96% 24.41% 27.88% 21.41% 19.92% 23.36% 16.56% -0.64%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 8.44% 107.93% 135.01% 115.56% 105.18% 24.26% 43.78% 70.42% 85.87% 104.29% 130.84%
Augmented Payout Ratio		 8.44% 107.93% 135.01% 134.22% 120.93% 35.86% 43.78% 72.69% 89.66% 109.56% 138.20%

Financials Breakdown Chart

Key Financial Trends

MarketWise’s latest quarter shows a business that is still producing strong revenue and gross profit, but profitability and cash flow weakened sharply versus the prior quarter and versus the same period last year. In Q1 2026, revenue was $77.0 million, gross profit was $65.9 million, and operating income was a small loss of $1.1 million. That is a big step down from Q4 2025, when the company posted $13.2 million of operating income and $14.0 million of net income.

Year over year, the top line is lower but still fairly resilient. Q1 2026 revenue fell about 8% from Q1 2025 ($77.0 million vs. $83.5 million). Gross margin remained healthy at roughly 85%, which suggests the core revenue model still carries strong economics. However, operating expenses remained high, especially marketing spend, which pushed the company back into a loss.

Cash flow was the biggest weakness in the quarter. Operating cash flow was a $2.1 million outflow in Q1 2026, compared with a $24.2 million inflow in Q4 2025. The swing appears to have been driven by unfavorable changes in operating assets and liabilities, which more than offset non-cash add-backs. This is the kind of reversal investors should watch closely because it can pressure liquidity if it persists.

The balance sheet is still asset-heavy, but leverage and obligations remain significant. As of March 31, 2026, MarketWise had $52.7 million in cash and equivalents and $201.9 million in total assets, but also $428.8 million in total liabilities. Equity attributable to common shareholders was still negative at $(12.2) million, while noncontrolling interests were deeply negative, leaving total equity and noncontrolling interests at $(226.9) million.

Deferred revenue remains a major support for the business model. Current deferred revenue was $184.8 million and noncurrent deferred revenue was $189.0 million. That means a large portion of MarketWise’s liabilities represents prepayments from customers, which can be a positive sign for subscription-type businesses. It also gives the company a meaningful backlog-like revenue base to work from.

Here are the main takeaways for retail investors:

  • Gross margin remains strong: Q1 2026 gross profit was $65.9 million on $77.0 million of revenue, showing the core business still generates high gross profit dollars.
  • Deferred revenue is sizable: Combined current and noncurrent deferred revenue totaled about $373.7 million, indicating strong prepaid customer balances.
  • Cash balance is still positive: The company ended Q1 2026 with $52.7 million in cash and equivalents.
  • Q4 2025 showed a strong rebound: The prior quarter delivered $13.2 million in operating income and $14.0 million in net income, proving profitability can return when expenses are controlled.
  • Revenue is stable but slightly softer: Q1 2026 revenue declined about 8% year over year, which is not severe but does show some top-line pressure.
  • Customer prepayments may support future quarters: Large deferred revenue balances could help smooth results if new sales hold up.
  • Q1 2026 returned to an operating loss: Operating income fell to a $1.1 million loss after being profitable in Q4 2025.
  • Operating cash flow turned negative: Cash from operations was -$2.1 million in Q1 2026, a sharp reversal from the prior quarter.
  • Marketing spend remains heavy: Marketing expense was $39.7 million in Q1 2026, still a very large share of revenue.
  • Balance sheet equity remains negative: Negative common equity and large liabilities continue to highlight financial complexity and risk.

Bottom line: MarketWise continues to show the hallmarks of a high-margin subscription business, but its results are volatile. The latest quarter was weaker on profit and cash flow than the prior period, so investors will likely want to see whether the Q4 2025 improvement was a one-off or the start of a more durable trend. For now, the company looks like a turnaround story that still carries meaningful execution risk.

07/07/26 07:28 PM ETAI Generated. May Contain Errors.

MarketWise Financials - Frequently Asked Questions

According to the most recent income statement we have on file, MarketWise's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

MarketWise's net income appears to be on a downward trend, with a most recent value of $64.04 million in 2025, rising from $27.99 million in 2019. The previous period was $93.11 million in 2024. See MarketWise's forecast for analyst expectations on what's next for the company.

MarketWise's total operating income in 2025 was $62.60 million, based on the following breakdown:
  • Total Gross Profit: $283.79 million
  • Total Operating Expenses: $221.19 million

Over the last 6 years, MarketWise's total revenue changed from $272.22 million in 2019 to $328.12 million in 2025, a change of 20.5%.

MarketWise's total liabilities were at $432.00 million at the end of 2025, a 9.5% decrease from 2024, and a 64.2% decrease since 2020.

In the past 5 years, MarketWise's cash and equivalents has ranged from $70.14 million in 2025 to $158.58 million in 2022, and is currently $70.14 million as of their latest financial filing in 2025.

Over the last 6 years, MarketWise's book value per share changed from 0.00 in 2019 to -0.73 in 2025, a change of -72.9%.


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Financial statements for NASDAQ:MKTW last updated on 7/2/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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