MarketWise, Inc.(MKTW)Earnings, Financials & Key Ratios
MKTW•NASDAQ
$17.41
$42M mkt cap·7.5× P/E·Price updated May 6, 2026
AboutMarketWise, Inc. operates a multi-brand platform of subscription businesses that provides financial research, software, education, and tools for investors in the United States and Internationally. The company offers a portfolio of independent investment research, as well as various software and analytical tools on a subscription basis. It provides its research across various platforms, including desktop and laptop, as well as mobile devices, such as tablets and mobile phones. The company serves approximately 972 thousand paid subscribers and approximately 13.7 million free subscribers. MarketWise, Inc. was founded in 1999 and is headquartered in Baltimore, Maryland.Show more
- Revenue$326M-20.3%
- EBITDA$65M-29.4%
- Net Income$64M+807.2%
- EPS (Diluted)2.31-35.3%
- Gross Margin86.39%-1.4%
- EBITDA Margin19.89%-11.4%
- Operating Margin19.22%-11.7%
- Net Margin19.66%+1038.4%
MKTW Key Insights
MarketWise, Inc. (MKTW) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Efficient asset utilization: 1.5x turnover
✗Weaknesses
- ✗Weak Piotroski F-Score: 3/9
- ✗Shares diluted 23.6% in last year
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
MKTW Price & Volume
MarketWise, Inc. (MKTW) stock price & volume — 10-year historical chart
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MKTW Growth Metrics
MarketWise, Inc. (MKTW) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-2.21%
3 Years-14.02%
TTM-20.31%
Profit CAGR
10 Years-
5 Years-
3 Years52.69%
TTM807.22%
EPS CAGR
10 Years-
5 Years-
3 Years-45.84%
TTM1.95%
Return on Capital
10 Years-489%
5 Years-640.61%
3 Years470.09%
Last Year-
MKTW Peer Comparison
MarketWise, Inc. (MKTW) competitors in Financial services and insurance software — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 CSGP | 14.79B | 34.90 | 2102.41 | 18.67% | 0.74% | 0.3% | 0.28% | 0.14 |
 MMYT | 4.22B | 47.06 | 56.70 | 25.02% | 5.46% | 8.18% | 4.12% | 0.20 |
 IHRT | 974.57M | 6.28 | -2.06 | 0.27% | -12.23% | 1.12% | ||
 IAC | 3.1B | 41.36 | -31.10 | -37.14% | 1.82% | 0.85% | 1.45% | 0.30 |
 NWSA | 14.5B | 25.44 | 12.29 | 2.42% | 12.19% | 11.4% | 5.01% | 0.31 |
 ELVN | 2.47B | 41.58 | -22.72 | -24.22% | ||||
 MORN | 6.33B | 166.56 | 18.78 | 7.49% | 15.3% | 30.01% | 6.99% | 1.15 |
 MSCI | 42.29B | 580.88 | 37.33 | 9.74% | 38.36% | 3.66% |
Compare MKTW vs Peers
MarketWise, Inc. (MKTW) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
MKTW Income Statement
MarketWise, Inc. (MKTW) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|
| Sales/Revenue | 272.22M | 364.18M | 549.18M | 512.4M | 448.18M | 408.7M | 325.71M |
| Revenue Growth % | - | 33.78% | 50.8% | -6.7% | -12.53% | -8.81% | -20.31% |
| Cost of Goods Sold | 42.55M | 154.6M | 239.25M | 62.7M | 56.8M | 50.66M | 44.34M |
| COGS % of Revenue | 15.63% | 42.45% | 43.56% | 12.24% | 12.67% | 12.4% | 13.61% |
| Gross Profit | 229.67M▲ 0% | 209.57M▼ 8.7% | 309.93M▲ 47.9% | 449.71M▲ 45.1% | 391.38M▼ 13.0% | 358.04M▼ 8.5% | 281.37M▼ 21.4% |
| Gross Margin % | 84.37% | 57.55% | 56.44% | 87.76% | 87.33% | 87.6% | 86.39% |
| Gross Profit Growth % | - | -8.75% | 47.89% | 45.1% | -12.97% | -8.52% | -21.41% |
| Operating Expenses | 204.1M | 748.26M | 1.28B | 362.42M | 339.57M | 269.05M | 221.19M |
| OpEx % of Revenue | 74.98% | 205.47% | 232.62% | 70.73% | 75.77% | 65.83% | 67.91% |
| Selling, General & Admin | 198.09M | 740.94M | 1.27B | 350.51M | 324.34M | 251.94M | 209.25M |
| SG&A % of Revenue | 72.77% | 203.45% | 230.77% | 68.41% | 72.37% | 61.65% | 64.24% |
| Research & Development | 3.67M | 4.77M | 7.49M | 8.82M | 8.83M | 9.91M | 8.81M |
| R&D % of Revenue | 1.35% | 1.31% | 1.36% | 1.72% | 1.97% | 2.42% | 2.71% |
| Other Operating Expenses | 2.33M | 2.55M | 2.68M | 3.09M | 6.4M | 7.2M | 3.13M |
| Operating Income | 25.57M▲ 0% | -538.69M▼ 2206.7% | -967.59M▼ 79.6% | 87.28M▲ 109.0% | 51.8M▼ 40.6% | 88.99M▲ 71.8% | 62.6M▼ 29.7% |
| Operating Margin % | 9.39% | -147.92% | -176.19% | 17.03% | 11.56% | 21.77% | 19.22% |
| Operating Income Growth % | - | -2206.72% | -79.62% | 109.02% | -40.65% | 71.77% | -29.66% |
| EBITDA | 27.9M | -536.14M | -964.92M | 89.86M | 55.63M | 91.74M | 64.78M |
| EBITDA Margin % | 10.25% | -147.22% | -175.7% | 17.54% | 12.41% | 22.45% | 19.89% |
| EBITDA Growth % | - | -2021.36% | -79.98% | 109.31% | -38.1% | 64.92% | -29.39% |
| D&A (Non-Cash Add-back) | 2.33M | 2.55M | 2.68M | 2.58M | 3.82M | 2.75M | 2.19M |
| EBIT | 25.57M | -538.69M | -967.59M | 87.28M | 54.39M | 93.43M | 0 |
| Net Interest Income | 1.56M | 477K | -110K | -295K | 4.9M | 5.29M | 0 |
| Interest Income | 1.56M | 477K | 0 | 0 | 4.9M | 5.29M | 0 |
| Interest Expense | 0 | 0 | 110K | 295K | 0 | 0 | 0 |
| Other Income/Expense | 2.42M | -2.4M | 16.07M | 15.38M | 4.29M | 7.37M | 4M |
| Pretax Income | 27.99M▲ 0% | -541.09M▼ 2033.0% | -951.52M▼ 75.9% | 102.66M▲ 110.8% | 56.1M▼ 45.4% | 96.36M▲ 71.8% | 66.6M▼ 30.9% |
| Pretax Margin % | 10.28% | -148.58% | -173.26% | 20.04% | 12.52% | 23.58% | 20.45% |
| Income Tax | 0 | 0 | 2.36M | 1.49M | 1.8M | 3.25M | 2.56M |
| Effective Tax Rate % | 0% | 0% | -0.25% | 1.45% | 3.21% | 3.38% | 3.84% |
| Net Income | 27.96M▲ 0% | -538.37M▼ 2025.7% | -1.01B▼ 88.2% | 17.99M▲ 101.8% | 1.78M▼ 90.1% | 7.06M▲ 296.1% | 64.04M▲ 807.2% |
| Net Margin % | 10.27% | -147.83% | -184.51% | 3.51% | 0.4% | 1.73% | 19.66% |
| Net Income Growth % | - | -2025.72% | -88.22% | 101.78% | -90.09% | 296.13% | 807.22% |
| Net Income (Continuing) | 27.99M | -541.09M | -953.88M | 101.17M | 54.3M | 93.11M | 64.04M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | -5.77M | -5.87M | -356.72M | -277.19M | -277.86M | -205.39M | -201.94M |
| EPS (Diluted) | 10.80▲ 0% | -208.07▼ 2026.6% | -504.69▼ 142.6% | 14.54▲ 102.9% | 1.00▼ 93.1% | 3.57▲ 257.0% | 2.31▼ 35.3% |
| EPS Growth % | - | -2026.57% | -142.56% | 102.88% | -93.12% | 257% | -35.29% |
| EPS (Basic) | 10.80 | -208.07 | -504.69 | 14.61 | 1.12 | 3.68 | 2.41 |
| Diluted Shares Outstanding | 2.59M | 2.59M | 1.89M | 1.24M | 1.67M | 1.97M | 2.44M |
| Basic Shares Outstanding | 2.59M | 2.59M | 1.89M | 1.23M | 1.59M | 1.92M | 2.33M |
| Dividend Payout Ratio | 73.22% | - | - | - | 322.33% | 21.33% | - |
MKTW Balance Sheet
MarketWise, Inc. (MKTW) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|
| Total Current Assets | 205.7M | 180.64M | 246.39M | 279.18M | 267.84M | 168.83M | 131.7M |
| Cash & Short-Term Investments | 170.52M | 114.42M | 139.08M | 158.57M | 155.17M | 97.88M | 70.14M |
| Cash Only | 170.52M | 114.42M | 139.08M | 158.57M | 155.17M | 97.88M | 70.14M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 7.33M | 13.27M | 8.6M | 5.55M | 9.71M | 2.42M | 9.98M |
| Days Sales Outstanding | 9.83 | 13.3 | 5.72 | 3.95 | 7.91 | 2.16 | 11.19 |
| Inventory | 0 | 0 | 0 | 111.69M | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | 650.19 | - | - | - |
| Other Current Assets | 22.74M | 44.41M | 85.67M | -8.36M | 93.65M | 58.48M | 51.58M |
| Total Non-Current Assets | 70.5M | 104.18M | 175.16M | 163.33M | 128.71M | 90.68M | 86.68M |
| Property, Plant & Equipment | 16.08M | 13.75M | 12.09M | 10.36M | 8.02M | 3.77M | 7.14M |
| Fixed Asset Turnover | 16.93x | 26.48x | 45.43x | 49.46x | 55.88x | 108.29x | 45.64x |
| Goodwill | 18.1M | 18.1M | 23.29M | 31.31M | 31.04M | 30.04M | 30.04M |
| Intangible Assets | 7.18M | 5.28M | 8.61M | 16.05M | 6.25M | 4.67M | 3.81M |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 29.14M | 67.04M | 122.21M | 98.29M | 73.71M | 42.12M | 34.68M |
| Total Assets | 276.2M▲ 0% | 284.81M▲ 3.1% | 421.55M▲ 48.0% | 442.51M▲ 5.0% | 396.56M▼ 10.4% | 259.51M▼ 34.6% | 218.38M▼ 15.9% |
| Asset Turnover | 0.99x | 1.28x | 1.30x | 1.16x | 1.13x | 1.57x | 1.49x |
| Asset Growth % | - | 3.12% | 48.01% | 4.97% | -10.38% | -34.56% | -15.85% |
| Total Current Liabilities | 254.43M | 345.54M | 395.49M | 385.51M | 373.89M | 260.21M | 234.2M |
| Accounts Payable | 4.98M | 11.97M | 4.76M | 686K | 559K | 4.01M | 0 |
| Days Payables Outstanding | 42.71 | 28.26 | 7.26 | 3.99 | 3.59 | 28.9 | - |
| Short-Term Debt | 4.26M | 0 | 0 | 0 | 0 | 0 | 908K |
| Deferred Revenue (Current) | 0 | 278.27M | 317.13M | 315.23M | 287.75M | 217.97M | 183.8M |
| Other Current Liabilities | 209.59M | 19.58M | 24.91M | 37.64M | 42.24M | 36.26M | 49.5M |
| Current Ratio | 0.81x | 0.52x | 0.62x | 0.72x | 0.72x | 0.65x | 0.56x |
| Quick Ratio | 0.81x | 0.52x | 0.62x | 0.43x | 0.72x | 0.65x | 0.56x |
| Cash Conversion Cycle | - | - | - | 650.15 | - | - | - |
| Total Non-Current Liabilities | 289.84M | 859.88M | 431.32M | 355.38M | 311.61M | 217.23M | 197.8M |
| Long-Term Debt | 1.13M | 0 | 0 | 0 | 0 | 0 | 5.17M |
| Capital Lease Obligations | 8.49M | 7.83M | 6.93M | 5.83M | 4.37M | 2.74M | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 280.21M | 597.58M | 31.35M | 1.28M | 2.9M | 5.48M | 192.63M |
| Total Liabilities | 544.27M | 1.21B | 826.82M | 740.89M | 685.5M | 477.44M | 432M |
| Total Debt | 15.96M | 8.9M | 8.21M | 7.32M | 5.81M | 4.37M | 6.08M |
| Net Debt | -154.56M | -105.52M | -130.87M | -151.26M | -149.36M | -93.51M | -64.06M |
| Debt / Equity | - | - | - | - | - | - | - |
| Debt / EBITDA | 0.57x | - | - | 0.08x | 0.10x | 0.05x | 0.09x |
| Net Debt / EBITDA | -5.54x | - | - | -1.68x | -2.69x | -1.02x | -0.99x |
| Interest Coverage | - | - | -8796.30x | 295.87x | - | - | - |
| Total Equity | -268.06M▲ 0% | -920.61M▼ 243.4% | -405.26M▲ 56.0% | -298.38M▲ 26.4% | -288.94M▲ 3.2% | -217.92M▲ 24.6% | -415.57M▼ 90.7% |
| Equity Growth % | - | -243.43% | 55.98% | 26.37% | 3.16% | 24.58% | -90.69% |
| Book Value per Share | -103.60 | -355.79 | -214.42 | -241.15 | -173.48 | -110.60 | -170.59 |
| Total Shareholders' Equity | -262.3M | -914.75M | -48.55M | -21.2M | -11.08M | -12.54M | -213.63M |
| Common Stock | -262.29M | 0 | 31K | 32K | 33K | 32K | 1K |
| Retained Earnings | 0 | 0 | -146.12M | -128.13M | -126.34M | -119.28M | -113.66M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -3K | -17K | -9K | 44K | 65K | 56K | 36K |
| Minority Interest | -5.77M | -5.87M | -356.72M | -277.19M | -277.86M | -205.39M | -201.94M |
MKTW Cash Flow Statement
MarketWise, Inc. (MKTW) cash flow — operating, investing & free cash flow history
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|
| Cash from Operations | 54.2M | 55.88M | 63.63M | 48.37M | 62.43M | -22.15M | 45.96M |
| Operating CF Margin % | 19.91% | 15.34% | 11.59% | 9.44% | 13.93% | -5.42% | 14.11% |
| Operating CF Growth % | - | 3.09% | 13.88% | -23.98% | 29.05% | -135.48% | 307.49% |
| Net Income | 27.99M | -538.37M | -953.88M | 101.17M | 1.78M | 93.11M | 64.04M |
| Depreciation & Amortization | 2.33M | 2.55M | 2.68M | 3.09M | 3.82M | 2.75M | 2.19M |
| Stock-Based Compensation | 8.61M | 553.6M | 210.91M | 9.04M | 23.38M | 12.2M | 11.11M |
| Deferred Taxes | -3.26M | 0 | 2.36M | 1.49M | 1.8M | 2.87M | 954K |
| Other Non-Cash Items | 3.1M | 110.37M | 711.81M | -13.55M | 60.62M | 4.96M | -32.33M |
| Working Capital Changes | 15.42M | -72.27M | 89.76M | -52.87M | -28.98M | -138.04M | 0 |
| Change in Receivables | -6.51M | -5.07M | 4.59M | 3.77M | -488K | 2.65M | -3.81M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Investing | 12.39M | -9.65M | -8.31M | -13.24M | -1.9M | -681K | -1.57M |
| Capital Expenditures | -929K | -290K | -1.17M | -171K | -65K | -133K | -391K |
| CapEx % of Revenue | 0.34% | 0.08% | 0.21% | 0.03% | 0.01% | 0.03% | 0.12% |
| Acquisitions | 13.32M | -9.16M | -7.14M | -13.07M | -170K | 0 | 0 |
| Investments | - | - | - | - | - | - | - |
| Other Investing | 0 | -195K | 0 | 0 | -1.66M | -548K | -1.18M |
| Cash from Financing | -27.34M | -103.37M | -30.68M | -16.19M | -63.95M | -34.46M | -72.11M |
| Debt Issued (Net) | -1.93M | -5.39M | 0 | 1.16M | 0 | 0 | 0 |
| Equity Issued (Net) | 0 | 0 | -1000K | -1000K | 678K | -1000K | 0 |
| Dividends Paid | -20.47M | -101.77M | -135.45M | 0 | -5.74M | -1.51M | -4.78M |
| Share Repurchases | 0 | 0 | -3.34M | -13.05M | -5.74M | -10.8M | 0 |
| Other Financing | -4.94M | 3.79M | 108.11M | -5.12M | -58.89M | -22.45M | -67.33M |
| Net Change in Cash | 39.21M▲ 0% | -57.16M▼ 245.8% | 24.65M▲ 143.1% | 19M▼ 22.9% | -3.4M▼ 117.9% | -57.3M▼ 1584.7% | -27.74M▲ 51.6% |
| Free Cash Flow | 53.27M▲ 0% | 55.59M▲ 4.3% | 62.46M▲ 12.4% | 48.2M▼ 22.8% | 60.7M▲ 25.9% | -22.83M▼ 137.6% | 45.57M▲ 299.6% |
| FCF Margin % | 19.57% | 15.26% | 11.37% | 9.41% | 13.54% | -5.59% | 13.99% |
| FCF Growth % | - | 4.34% | 12.37% | -22.83% | 25.93% | -137.61% | 299.58% |
| FCF per Share | 20.59 | 21.48 | 33.05 | 38.96 | 36.44 | -11.59 | 18.71 |
| FCF Conversion (FCF/Net Income) | 1.94x | -0.10x | -0.06x | 2.69x | 35.03x | -3.14x | 0.72x |
| Interest Paid | 0 | 339K | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
MKTW Key Ratios
MarketWise, Inc. (MKTW) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Gross Margin | 84.37% | 57.55% | 56.44% | 87.76% | 87.33% | 87.6% | 86.39% |
| Net Margin | 10.27% | -147.83% | -184.51% | 3.51% | 0.4% | 1.73% | 19.66% |
| Interest Coverage | - | - | -8796.30x | 295.87x | - | - | - |
| FCF Conversion | 1.94x | -0.10x | -0.06x | 2.69x | 35.03x | -3.14x | 0.72x |
| Revenue Growth | - | 33.78% | 50.8% | -6.7% | -12.53% | -8.81% | -20.31% |
MKTW Frequently Asked Questions
MarketWise, Inc. (MKTW) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
MarketWise, Inc. (MKTW) reported $325.7M in revenue for fiscal year 2025. This represents a 20% increase from $272.2M in 2019.
MarketWise, Inc. (MKTW) saw revenue decline by 20.3% over the past year.
Yes, MarketWise, Inc. (MKTW) is profitable, generating $64.0M in net income for fiscal year 2025 (19.7% net margin).
Dividend & Returns
Yes, MarketWise, Inc. (MKTW) pays a dividend with a yield of 11.26%. This makes it attractive for income-focused investors.
MarketWise, Inc. (MKTW) generated $46.8M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
Explore More MKTW
MarketWise, Inc. (MKTW) financial analysis — history, returns, DCA and operating performance tools
Total Return Calculator
Historical returns with dividends reinvested
DCA Calculator
Dollar cost averaging vs lump sum
Dividend History
Yield, growth, payout safety & DRIP
Earnings History
EPS trends, net income & profitability
Price History
Long-term charts & historical price data
Revenue History
Sales growth patterns & revenue breakdown
Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
DCF intrinsic value, peer multiples & estimates