MARKETWISE, INC. MKTW

Technology SIC 7372 - Services-Prepackaged Software NAICS Information › Publishing Industries › Software Publishers derived Nasdaq

We started in 1999 with the simple idea that, if we could publish intelligent, independent, insightful, and in-depth investment research and treat the subscriber the way we would want to be treated, then subscribers would renew their subscriptions and stay with us. That simple idea worked and has guided our decisions ever since.

Today, we are a leading multi-brand platform of subscription businesses that provides premium financial research, software, education, and tools for self-directed investors. We provide our subscribers with the research, education, and tools that they need to navigate the financial markets.

We have evolved significantly since our inception in 1999. Over the years, we have expanded our business into a comprehensive suite of investment research products and solutions. We now produce a diversified product portfolio from a variety of financial research brands such as Stansberry Research, Chaikin Analytics, Brownstone Research, InvestorPlace, and TradeSmith. Our entire investment research product portfolio is 100% digital and

Last close 18.83 2026-10-23
Market cap $49.8M estimated share count
52-week range 13.49 - 22.83

Valuation FY2025 figures against the last close

P/S0.2x
P/E8.2x
P/FCF1.1x
EV/EBITDA0.8x
Dividend yield—
Diluted EPS2.31

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Revenue $328.1M$408.7M$448.2M$512.4M$549.2M$360.8M$265.4M—
Cost of revenue $44.3M$50.7M$56.8M$62.7M$239.3M$154.6M$42.6M—
Gross profit $283.8M$358.0M$391.4M$449.7M$309.9M$206.2M$222.8M—
R&D $8.8M$9.9M$8.8M$8.8M$7.5M$4.8M$3.7M—
SG&A $78.3M$90.7M$125.2M$114.8M$960.2M$526.6M$91.7M—
Total operating expenses $265.5M$319.7M$396.4M$425.1M$1.52B$902.9M$246.7M—
Operating income $62.6M$89.0M$51.8M$87.3M-$967.6M-$538.7M$25.6M—
Pre-tax income $66.6M$96.4M$56.1M$102.7M-$951.5M-$541.1M$28.0M—
Income tax $2.6M$3.3M$1.8M$1.5M$2.4M$0$0—
Net income $5.6M$7.1M$1.8M$18.0M-$1.01B-$538.4M$28.0M—
EPS, basic 2.413.671.120.73————
EPS, diluted 2.313.581.070.73————
Shares, diluted (wtd. avg.) 2.4M2.0M1.7M24.7M————

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Cash and equivalents $70.1M$97.9M$155.2M$158.6M$139.6M$114.9M$172.1M$132.9M
Receivables $5.7M$1.9M$4.5M$4.0M$7.8M$12.4M$7.3M—
Total current assets $131.7M$168.8M$267.8M$279.2M$246.4M$180.6M——
Property, plant and equipment $453.0K$592.0K$690.0K$892.0K$1.2M$1.4M——
Goodwill $30.0M$30.0M$31.0M$31.3M$23.3M$18.1M$18.1M—
Other intangibles $3.8M$4.7M$6.3M$16.0M$8.6M$5.3M——
Total assets $218.4M$259.5M$396.6M$442.5M$421.6M$284.8M——
Accounts payable —————$22.1K——
Short-term debt —————$0——
Total current liabilities $234.2M$260.2M$373.9M$385.5M$395.5M$345.5M——
Total liabilities $432.0M$477.4M$685.5M$740.9M$826.8M$1.21B——
Retained earnings -$113.7M-$119.3M-$126.3M-$128.1M-$146.1M-$29.6M——
Total equity -$11.7M-$12.5M-$288.9M-$298.4M-$405.3M-$920.6M$0—

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Operating cash flow $46.0M-$22.1M$62.4M$48.4M$63.6M$55.9M$54.2M—
Depreciation and amortisation $2.2M$2.8M$3.8M$3.1M$2.7M$2.6M$2.3M—
Stock-based compensation $11.1M$12.2M$23.4M$9.0M$210.9M$18.7M$8.6M—
Capital expenditure $391.0K$133.0K$65.0K$35.0K$157.0K$290.0K$177.0K—
Investing cash flow -$1.6M-$681.0K-$1.9M-$13.2M-$8.3M-$9.6M$12.4M—
Financing cash flow -$72.1M-$34.5M-$64.0M-$16.2M-$30.7M-$103.4M-$27.3M—
Buybacks $3.4M$10.8M$0$13.1M$3.3M$0$0—

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001805651-26-000016.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -1.5B -1B -500M 0 500M 1B Revenue, FY2019: 265.4M Gross profit, FY2019: 222.8M Net income, FY2019: 28M Revenue, FY2020: 360.8M Gross profit, FY2020: 206.2M Net income, FY2020: -538.4M Revenue, FY2021: 549.2M Gross profit, FY2021: 309.9M Net income, FY2021: -1B Revenue, FY2022: 512.4M Gross profit, FY2022: 449.7M Net income, FY2022: 18M Revenue, FY2023: 448.2M Gross profit, FY2023: 391.4M Net income, FY2023: 1.8M Revenue, FY2024: 408.7M Gross profit, FY2024: 358M Net income, FY2024: 7.1M Revenue, FY2025: 328.1M Gross profit, FY2025: 283.8M Net income, FY2025: 5.6M FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue — $265.4M $360.8M $549.2M $512.4M $448.2M $408.7M $328.1M
Gross profit — $222.8M $206.2M $309.9M $449.7M $391.4M $358.0M $283.8M
Net income — $28.0M -$538.4M -$1.01B $18.0M $1.8M $7.1M $5.6M

Recent filings and events

  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Results announced Item 2.02
  • Shareholder vote Item 5.07
  • Results announced Item 2.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Results announced Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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