The company maintains a precarious financial position with a negative equity balance of $12.2 million and a current ratio that has deteriorated to 0.30 as of 2026Q1.
MarketWise, Inc. (MKTW) balance sheet — 7-year assets, liabilities & shareholders' equity history
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 |
|---|
| Total Current Assets | 87.2M | 131.7M | 168.83M | 267.84M | 279.18M | 246.39M | 180.64M | 205.7M |
| Cash & Short-Term Investments | 32.91M | 70.14M | 97.88M | 155.17M | 158.57M | 139.08M | 114.42M | 170.52M |
| Cash Only | 32.91M | 70.14M | 97.88M | 155.17M | 158.57M | 139.08M | 114.42M | 170.52M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 3.76M | 6.56M | 2.42M | 9.71M | 5.55M | 8.6M | 13.27M | 7.33M |
| Days Sales Outstanding | 5.7 | 7.3 | 2.16 | 7.91 | 3.95 | 5.72 | 13.3 | 9.83 |
| Inventory | 0 | 0 | 0 | 0 | 111.69M | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | 650.19 | - | - | - |
| Other Current Assets | 42.85M | 44.2M | 58.48M | 93.65M | -8.36M | 85.67M | 44.41M | 22.74M |
| Total Non-Current Assets | 98.67M | 86.68M | 90.68M | 128.71M | 163.33M | 175.16M | 104.18M | 70.5M |
| Property, Plant & Equipment | 6.52M | 7.14M | 3.77M | 8.02M | 10.36M | 12.09M | 13.75M | 16.08M |
| Fixed Asset Turnover | 45.29x | 45.97x | 108.29x | 55.88x | 49.46x | 45.43x | 26.48x | 16.93x |
| Goodwill | 30.04M | 30.04M | 30.04M | 31.04M | 31.31M | 23.29M | 18.1M | 18.1M |
| Intangible Assets | 3.8M | 3.81M | 4.67M | 6.25M | 16.05M | 8.61M | 5.28M | 7.18M |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 47.01M | 34.68M | 42.12M | 73.71M | 98.29M | 122.21M | 67.04M | 29.14M |
| Total Assets | 185.88M | 218.38M | 259.51M | 396.56M | 442.51M | 421.55M | 284.81M | 276.2M |
| Asset Turnover | 1.57x | 1.50x | 1.57x | 1.13x | 1.16x | 1.30x | 1.28x | 0.99x |
| Asset Growth % | -71.34% | -15.85% | -34.56% | -10.38% | 4.97% | 48.01% | 3.12% | - |
| Total Current Liabilities | 247.66M | 234.2M | 260.21M | 373.89M | 385.51M | 395.49M | 345.54M | 254.43M |
| Accounts Payable | 7.02M | 3.87M | 4.01M | 559K | 686K | 4.76M | 11.97M | 4.98M |
| Days Payables Outstanding | 42.48 | 31.84 | 28.9 | 3.59 | 3.99 | 7.26 | 28.26 | 42.71 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4.26M |
| Deferred Revenue (Current) | 749.01M | 183.8M | 217.97M | 287.75M | 315.23M | 317.13M | 278.27M | 0 |
| Other Current Liabilities | 14.15M | 11.9M | 12.98M | 42.24M | 37.64M | 24.91M | 19.58M | 209.59M |
| Current Ratio | 0.35x | 0.56x | 0.65x | 0.72x | 0.72x | 0.62x | 0.52x | 0.81x |
| Quick Ratio | 0.35x | 0.56x | 0.65x | 0.72x | 0.43x | 0.62x | 0.52x | 0.81x |
| Cash Conversion Cycle | -36.79 | - | - | - | 650.15 | - | - | - |
| Total Non-Current Liabilities | 205.48M | 197.8M | 217.23M | 311.61M | 355.38M | 431.32M | 859.88M | 289.84M |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.13M |
| Capital Lease Obligations | 20.31M | 5.17M | 2.74M | 4.37M | 5.83M | 6.93M | 7.83M | 8.49M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 5.64M | 6.87M | 5.48M | 2.9M | 1.28M | 31.35M | 597.58M | 280.21M |
| Total Liabilities | 453.14M | 432M | 477.44M | 685.5M | 740.89M | 826.82M | 1.21B | 544.27M |
| Total Debt | 5.54M | 6.08M | 4.37M | 5.81M | 7.32M | 8.21M | 8.9M | 15.96M |
| Net Debt | -27.38M | -64.06M | -93.51M | -149.36M | -151.26M | -130.87M | -105.52M | -154.56M |
| Debt / Equity | -0.02x | - | - | - | - | - | - | - |
| Debt / EBITDA | 0.20x | 0.09x | 0.05x | 0.10x | 0.08x | - | - | 0.57x |
| Net Debt / EBITDA | -1.00x | -0.98x | -1.02x | -2.69x | -1.68x | - | - | -5.54x |
| Interest Coverage | - | - | - | - | 349.00x | -8649.23x | - | - |
| Total Equity | -267.27M | -213.63M | -217.92M | -288.94M | -298.38M | -405.26M | -920.61M | -268.06M |
| Equity Growth % | -11.4% | 1.97% | 24.58% | 3.16% | 26.37% | 55.98% | -243.43% | - |
| Book Value per Share | -101.12 | -87.69 | -110.60 | -173.48 | -241.15 | -214.42 | -355.79 | -103.60 |
| Total Shareholders' Equity | -33.45M | -11.68M | -12.54M | -11.08M | -21.2M | -48.55M | -914.75M | -262.3M |
| Common Stock | 1K | 1K | 32K | 33K | 32K | 31K | 0 | -262.29M |
| Retained Earnings | -114.87M | -113.66M | -119.28M | -126.34M | -128.13M | -146.12M | 0 | 0 |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 20K | 36K | 56K | 65K | 44K | -9K | -17K | -3K |
| Minority Interest | -233.82M | -201.94M | -205.39M | -277.86M | -277.19M | -356.72M | -5.87M | -5.77M |
Quick answers to the most common questions about buying MKTW stock.
As of 2025, MarketWise, Inc. (MKTW) had total assets of $218.4M including $131.7M in current assets.
MarketWise, Inc. (MKTW) carries total debt of $6.1M, offset by $70.1M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
MarketWise, Inc. (MKTW) has total shareholders' equity (book value) of $-11.7M ($-87.69 book value per share). Book value represents the net worth of the company belonging to common stock holders.
MarketWise, Inc. (MKTW) reported a current ratio of 0.56x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.
Key Metrics
Top Statement Risk
Liquidity and solvency pressure
Metrics are mathematically derived from official filings.
Balance Sheet Erosion Amid Contraction
As reported in recent financial filings, MarketWise has seen total assets decline from $396.6 million in 2023Q4 to $201.9 million in 2026Q1, reflecting a persistent contraction that signals significant challenges in maintaining the company's historical scale and operational footprint during this period of market uncertainty.
The consistent reduction in the asset base suggests that the company is struggling to replace the value lost through operational outflows and potential asset impairments. This downward trajectory warrants caution, as it indicates that the business model is currently unable to generate sufficient internal growth to offset the ongoing depletion of its balance sheet resources.
Tightening Liquidity and Cash Runway
Based on the provided quarterly data, the current ratio has deteriorated from 0.72 in 2023Q4 to a precarious 0.30 in 2026Q1, indicating that the company's ability to cover its short-term obligations with liquid assets has significantly weakened over the observed period.
A current ratio well below 1.0 suggests that MarketWise relies heavily on the continuous inflow of new subscription billings to meet its immediate liabilities. Investors should monitor this trend closely, as any further disruption in subscriber acquisition could rapidly escalate the company's liquidity risk and limit its operational flexibility.
Persistent Negative Equity Position Concerns
According to the balance sheet data, MarketWise has maintained a negative equity position for ten consecutive quarters, with the deficit reaching $12.2 million in 2026Q1, which highlights a structural imbalance between the company's accumulated losses and its remaining capital base.
The persistent negative retained earnings, which stood at -$114.2 million in 2026Q1, suggest that the company has been unable to generate consistent profitability to rebuild its shareholder equity. This condition may limit the company's access to traditional financing and places the burden of proof on management to demonstrate a viable path toward positive book value.
Deferred Revenue as Liquidity Buffer
As evidenced by recent financial statements, deferred revenue remains a substantial liability of $373.7 million in 2026Q1, representing the largest component of the company's total liabilities and serving as a critical, albeit non-cash, indicator of future service obligations.
While this large deferred revenue balance provides a degree of visibility into future service delivery, it also represents a significant future cash outflow in terms of operational costs required to fulfill these subscriptions. The decline from the $592.1 million peak in 2023Q4 suggests that the company's forward-looking revenue pipeline is shrinking, which may pressure future cash flow generation.