Marketwise, Inc. (MKTW) Financial Statements
Industry: Prepackaged Software (Services)
In fiscal 2025, Marketwise reported revenue of $328.1M, down 19.7% from $408.7M the year before. Net income was $5.6M (a 1.7% net margin), or $2.31 per diluted share. Gross margin was 86.5% and operating margin was 19.1%. Operating activities generated $46.0M of cash, leaving $45.6M of free cash flow. At fiscal year end, Marketwise held $218.4M in total assets against $432.0M in total liabilities, including $70.1M of cash and equivalents.
Open the full interactive Marketwise financials → Quarterly statements, key ratios, valuation history and price charts.
Marketwise Key Stats
| Share Price | $19.38 |
|---|---|
| Market Cap | $51.2M |
| P/E Ratio | 8.4 |
| Revenue YoY Growth | -19.7% |
| 52-Week Range | $12.59 – $20.85 |
| Shares Outstanding | 2.6 million (basic, 2026 Q2) |
Marketwise Income Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $549.2M | $512.4M | $448.2M | $408.7M | $328.1M |
| Cost of Goods Sold | $1.52B | $425.1M | $396.4M | $319.7M | $265.5M |
| Gross Profit | $309.9M | $449.7M | $391.4M | $358.0M | $283.8M |
| Operating Income | -$967.6M | $87.3M | $51.8M | $89.0M | $62.6M |
| Pre-Tax Income | -$951.5M | $102.7M | $56.1M | $96.4M | $66.6M |
| Income Tax | $2.4M | $1.5M | $1.8M | $3.3M | $2.6M |
| Net Income | -$1.01B | $18.0M | $1.8M | $7.1M | $5.6M |
| Diluted EPS | — | $14.60 | $1.00 | $3.60 | $2.31 |
Marketwise Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $81.3M | $83.4M | $77.0M | $75.8M |
| Net Income | $1.5M | $1.9M | -$573,000 | -$629,000 |
| Diluted EPS | $0.58 | $0.79 | -$0.23 | -$0.24 |
Marketwise Balance Sheet
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Cash & Equivalents | $139.1M | $158.6M | $155.2M | $97.9M | $70.1M |
| Current Assets | $246.4M | $279.2M | $267.8M | $168.8M | $131.7M |
| Total Assets | $421.6M | $442.5M | $396.6M | $259.5M | $218.4M |
| Current Liabilities | $395.5M | $385.5M | $373.9M | $260.2M | $234.2M |
| Total Liabilities | $826.8M | $740.9M | $685.5M | $477.4M | $432.0M |
| Shareholders' Equity | -$48.5M | -$21.2M | -$11.1M | -$12.5M | -$11.7M |
Marketwise Cash Flow Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Cash From Operations | $63.6M | $48.4M | $62.4M | -$22.1M | $46.0M |
| Cash From Investing | -$8.3M | -$13.2M | -$1.9M | -$681,000 | -$1.6M |
| Cash From Financing | -$30.7M | -$16.2M | -$64.0M | -$34.5M | -$72.1M |
| Free Cash Flow | $63.5M | $48.3M | $62.4M | -$22.3M | $45.6M |
Figures from Marketwise's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Marketwise financials page for every line item.
Marketwise Company Profile
| Ticker | MKTW |
|---|---|
| Exchange | Nasdaq |
| Industry | Prepackaged Software (Services) |
| Headquarters | Baltimore, Maryland |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Non-accelerated filer, smaller reporting company |
| SEC CIK | 0001805651 |
Frequently Asked Questions
What was Marketwise's revenue in fiscal 2025?
Marketwise (MKTW) reported revenue of $328.1M for fiscal 2025.
What is Marketwise's annual revenue history?
Marketwise's annual revenue by fiscal year: 2021: $549.2M; 2022: $512.4M; 2023: $448.2M; 2024: $408.7M; 2025: $328.1M.
What was Marketwise's net income in fiscal 2025?
Marketwise reported net income of $5.6M for fiscal 2025.
What was Marketwise's earnings per share (EPS) in fiscal 2025?
Marketwise's diluted EPS was $2.31 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Marketwise generate in fiscal 2025?
Marketwise generated $45.6M of free cash flow in fiscal 2025.
What was Marketwise's revenue last quarter?
In its most recent reported quarter (2026 Q2), Marketwise reported revenue of $75.8M.
How many shares of Marketwise are outstanding?
Marketwise reported a weighted average of 2.6 million basic shares outstanding in 2026 Q2.
What is Marketwise's market cap?
Based on its latest closing price, Marketwise (MKTW) has a market capitalization of about $51.2M.
When does Marketwise's fiscal year end?
Marketwise's fiscal year end, as registered with the SEC, is December 31.
Where is Marketwise headquartered?
Marketwise lists its business address in Baltimore, Maryland in its SEC filings.