undamentalytics Newsletter
Sign in

Marketwise, Inc. (MKTW) stock

Add to watchlist

Add holding +

NASDAQ: MKTW Nasdaq Interactive Media & Services

C+ Fundamentals grade

Marketwise, Inc. is a US-listed company in the interactive media & services industry. Its financial year ends in December.

Stock price today

Loading chart…

Third-party market data · may be delayed

Fair value per share

~$70

Cash-flow model

Base case. Range ~$56–$89 across our lower- and higher-growth cases (-1%–9% a year).

Price vs value

Undervalued

The price is below our entire value range; our base value is 239% above it.

Price used: $20.74, November 2, 2026

Marketwise, Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders1 buying, 3 selling15 purchases and 8 sales by directors and officers, last 12 monthsInsider trades
  • Funds32 adding, 19 cuttingOf 7 active managers that changed their stake, 4 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Marketwise files

Where Marketwise stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $318m, down 11.3% on a year earlier, a smaller fall than the 16.1% decline a quarter earlier. That puts it 26 of 29 for growth among the interactive media & services companies we cover. Free-cash-flow margin rose to 14.4% from 5.4% a year earlier. Operating margin narrowed to 8.1% from 21.7%. The diluted share count is up 19.6% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades C+. It passes 0 of our 2 financial-health checks.

Source: 10-Q filed August 6, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Marketwise, Inc.'s trailing-twelve-month revenue fell 11.3% year on year, with a free-cash-flow margin of 14.4%. Where it stands out: days sales outstanding of 4 days ranks 1 of 54 interactive media & services companies we cover. Where it lags: revenue growth of -11.3% ranks 55 of 63 interactive media & services companies we cover.

Our discounted-cash-flow model values the business at ~$70 per share in the base case (~$56–$89 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 135.7% while net income fell 63.1%: a 199pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Priced below our value. The share price of $20.74 is 239% below our value per share of $70.
  • Net cash. Cash exceeds long-term debt by $0.0bn.
  • Estimates rising. Analysts' consensus for next year's earnings per share has risen 19.0% over 90 days.

Things to watch

  • Revenue shrinking. Revenue fell 11.3% over the last 12 months.
  • Margins narrowing. Operating margin is down 13.6 points on a year ago.
  • Share dilution. Diluted shares rose 19.6% in a year.
  • Volatile shares. Over the past year the shares showed annualised volatility of 52% and a beta of 0.3 against the S&P 500.
  • Missing expectations. Earnings per share fell short of the consensus estimate in 2 of the last four quarters.

Latest results: FY2026 Q2

Filed August 6, 2026
Earnings per share
-$0.24 against an average estimate of $0.71: missed by 133.6%
Revenue
$76m, down 5.2% on a year earlier
Share reaction
-4.2% in the first session after the results on August 6, 2026, against +0.5% for the S&P 500
Guidance given
billings $330m (FY 2026); CFFO $50m (FY 2026)

Marketwise's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+4.3%
  • 1 week+5.9%
  • 1 month+3.1%
  • This year+49.7%
  • 1 year+35.6%
  • 5 years-81.9%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$318M
Operating margin
8.1%
Net margin
0.7%
EPS (TTM, diluted)
$0.87

Growth

Revenue growth
−11.3%
Change in growth rate
+4.7 pts
Share count change
+19.6%

Cash

Free cash flow (TTM)
$45.9M
FCF margin
14.4%
Stock pay % of revenue
3.3%

Earnings

Last results
August 6, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Announcement
  2. Results
  3. Guidance
  4. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Marketwise, Inc. valuation models and calculator

What the price is pricing in

The share price implies cash flow shrinking about 29.2% a year for five years.That is slower than the -10.4% a year revenue growth Marketwise has delivered.

Read with care: free cash flow has swung sharply in the past year (often a one-off tax, legal or working-capital item), so the cash-flow base behind this reading may be unusually low or high.

  • Priced in-29.2%
  • Last 12 months-11.3%
  • 3 years a year-12.7%
  • 5 years a year-10.4%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($20.74, Nov 2, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Buy12-month view
12-month price target
~$70
Price used
$20.74close November 2, 2026
Implied change
▲ +239%
Uncertainty
Low

How we got here: a discounted-cash-flow model of Marketwise, Inc.'s free cash flow after stock-based pay with after-tax interest added back ($8.1M, FY2026 Q2 TTM), growing 3.9% and 5.1% in the next two years (forecasts, guidance and its record), then back to 4% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$56–~$89 ; that spread sets a 15% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Marketwise, Inc.'s free cash flow after stock-based pay ( $8.1M, FY2026 Q2 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Marketwise, Inc. as an operating company, with every model that fits that kind of business. Cost of equity 8.7%: the 10-year Treasury yield (4.9%) plus a beta of 0.84 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$70 ~$56–$89 Primary model, counts double
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. ~$1.2 ~$5.2–$16 Left out: out of range vs price (0.06x)
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: book value or earnings not available
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: return on equity is not positive
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$70 ~$56–$89 1 model

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Marketwise, Inc. with Interactive Media & Services in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −24%
  • Revenue growth 5 points higher ▲ +32%
  • Free-cash-flow margin 1 point lower ▼ −7%
  • Last year's free-cash-flow margin change, if it persists ▲ more than doubles
  • Discount rate 1 point higher ▼ −14%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $56$72$93$121$156$203
8.5% $46$58$73$92$118$151
10% $40$49$60$75$95$120

Valuation multiples over time Market data may be delayed

At fiscal year end 2022202320242025Now
Share price$24.11$42.39$9.22$13.85$20.74
Market value$30m$71m$18m$34m$53m
+ Net debt (− = net cash)−$159m−$155m−$98m−$70m−$33m
Enterprise value−$129m−$85m−$80m−$36m$20m
Multiples
Price / sales 0.1x0.2x0.0x0.1x0.2x
Price / earnings 1.7x39.6x2.6x6.0x23.9x
Price / free cash flow 0.6x1.1x—0.7x1.2x
EV / EBITDA n/mn/mn/mn/m0.7x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

26 /100

Weak moat

How hard Marketwise's competitive advantage looks for rivals to wear away, judged from 6 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Net income has been a median 0.8% of total assets over 6 years.

  • Pricing power 12 / 20

    Gross margin has been a median 86.6%, moving by 16.6 percentage points (standard deviation) across 6 years.

  • Durability 2 / 20

    Operating margin has been a median 10.4%; its worst year was -228.2%.

  • Cash conversion 11 / 20

    Free cash flow was positive in 4 of 5 years, at a median 5.4% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (31 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $0.63 −73% $315m −4%
Next $3.02 +380% $345m +9%

Next year's EPS estimate has moved +19.0% in 90 days, across 2 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −66.4% on 90 days ago. In the last 30 days, 0 analysts raised Marketwise, Inc.'s forecast and 0 cut it.

Consensus EPS forecast Marketwise, Inc., last 90 days
$0.00 $1.00 $2.00 $3.00 $4.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $1.87 Current fiscal year, 60 days ago: $1.56 Current fiscal year, 30 days ago: $0.63 Current fiscal year, 7 days ago: $0.63 Current fiscal year, Now: $0.63 $0.63 Next fiscal year, 90 days ago: $2.54 Next fiscal year, 60 days ago: $2.63 Next fiscal year, 30 days ago: $2.45 Next fiscal year, 7 days ago: $2.45 Next fiscal year, Now: $3.02 $3.02

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $1.87$2.54
60 days ago $1.56$2.63
30 days ago $0.63$2.45
7 days ago $0.63$2.45
Now $0.63$3.02

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.71 −$0.24 −133.6%
Mar 2026 $0.67 −$0.23 −134.3%
Dec 2025 −$0.22 $0.76 +445.1%
Sept 2025 −$1.32 $0.58 +144.0%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 6, 2026
  • Billings FY 2026 about $330m Raised
    “Billings of approximately $330 million for FY 2026, which is growth of approximately 21.7% from FY 2025 Billings.” source
  • CFFO FY 2026 about $50m
    “CFFO of approximately $50 million for FY 2026 which is nearly a 10% YoY increase as compared to FY 2025.” source
  • Total dividends per Class A share FY 2026 about $1.80 Maintained
    “Total dividends of $1.80 per share of MarketWise, Inc. Class A common stock.” source
  • Tax distributions full-year 2026 about $40m Raised
    “However, given continued improvement in business performance, full-year 2026 tax distributions are now expected to be approximately $40.0 million.” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows Marketwise, Inc.'s revenue by +3.9% next year and +5.1% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+3.8%, weight 45%) and the company's own record (+4.0%, weight 55%) . How the weights are set.

Analyst recommendations

1 analysts, Oct 2026
Buy00%
Hold1100%
Sell00%

Monthly trend

  1. Oct 202611
  2. Sep 202611
  3. Aug 202611

Counts of recommendations published by analysts covering Marketwise, Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
3.3%
of tradable shares
Days to cover
4.4
at average volume
Short interest, 1 month
+5%
to October 15, 2026
Held by institutions
31%
of shares
Held by insiders
26.9%
of shares
Employees
451
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +35.6%

$15.29 on October 31, 2025 to $20.74

ThenNowEffect
Revenue (last 12 months) $358m $318m −11.3%
Net margin 1.7% 0.7% −58.4%
P/E multiple 5.4x 23.9x +339.4%
Share count 2m 3m −16.4%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
MKTW−27%−78%+76%−78%+50%+50%
Industry peers (median)−25%−54%−6%−19%−16%−27%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
MKTW58%17%42%8%50%73%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
MKTW−61%−79%−52%−82%−44%−21%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since September 14, 2020: 96% from August 2, 2021 to November 11, 2024. Getting back needed a 2687% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$12.59 – $20.85
From 52-week high
−0.5%
vs 50-day average
+10.0%
vs 200-day average
+21.1%
Volatility (1 year)
52%
Beta vs S&P 500
0.30

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
10 up, 2 down
typical move ±14.1%
After a week
10 up, 2 down
typical move ±10.9%
After a month
7 up, 5 down
typical move ±18.3%
Results releasedNext dayS&P 500 next day5 days21 days
August 6, 2026 −4.2% +0.5% −9.9% −9.7%
July 10, 2026 +4.8% −0.3% +2.2% +0.7%
May 7, 2026 +23.4% +0.5% +3.0% +2.6%
April 13, 2026 +0.2% +2.2% +4.9% +11.3%
March 6, 2026 +8.2% −0.4% −3.3% +27.9%
January 22, 2026 +6.4% +0.6% +3.2% −14.0%
November 6, 2025 +1.6% −1.0% +0.2% −1.5%
August 7, 2025 −7.6% +0.7% +0.5% −7.6%
May 8, 2025 +10.4% +0.6% +23.0% +39.4%
April 11, 2025 +41.9% +2.8% +30.4% +56.8%
February 28, 2025 +28.8% −0.2% +24.2% −14.2%
January 15, 2025 +31.9% +1.6% +26.0% +34.2%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Marketwise, Inc. in five measures

Fundamentals grade C+
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Marketwise, Inc.
$300M $350M $400M $450M $500M FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $463.7M Revenue (TTM), FY23 Q4: $448.2M Revenue (TTM), FY24 Q1: $430.9M Revenue (TTM), FY24 Q2: $432.3M Revenue (TTM), FY24 Q3: $423.4M Revenue (TTM), FY24 Q4: $408.7M Revenue (TTM), FY25 Q1: $383.2M Revenue (TTM), FY25 Q2: $358.1M Revenue (TTM), FY25 Q3: $342.2M Revenue (TTM), FY25 Q4: $328.1M Revenue (TTM), FY26 Q1: $321.6M Revenue (TTM), FY26 Q2: $317.5M $317.5M

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $463.7M
FY23 Q4 $448.2M
FY24 Q1 $430.9M
FY24 Q2 $432.3M
FY24 Q3 $423.4M
FY24 Q4 $408.7M
FY25 Q1 $383.2M
FY25 Q2 $358.1M
FY25 Q3 $342.2M
FY25 Q4 $328.1M
FY26 Q1 $321.6M
FY26 Q2 $317.5M
Revenue growth, TTM YoY Marketwise, Inc.
-20% -15% -10% -5% 0% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: -12.7% Revenue growth, TTM YoY, FY23 Q4: -12.5% Revenue growth, TTM YoY, FY24 Q1: -14.1% Revenue growth, TTM YoY, FY24 Q2: -9.5% Revenue growth, TTM YoY, FY24 Q3: -8.7% Revenue growth, TTM YoY, FY24 Q4: -8.8% Revenue growth, TTM YoY, FY25 Q1: -11.1% Revenue growth, TTM YoY, FY25 Q2: -17.2% Revenue growth, TTM YoY, FY25 Q3: -19.2% Revenue growth, TTM YoY, FY25 Q4: -19.7% Revenue growth, TTM YoY, FY26 Q1: -16.1% Revenue growth, TTM YoY, FY26 Q2: -11.3% -11.3%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 -12.7%
FY23 Q4 -12.5%
FY24 Q1 -14.1%
FY24 Q2 -9.5%
FY24 Q3 -8.7%
FY24 Q4 -8.8%
FY25 Q1 -11.1%
FY25 Q2 -17.2%
FY25 Q3 -19.2%
FY25 Q4 -19.7%
FY26 Q1 -16.1%
FY26 Q2 -11.3%
Operating margin (TTM) Marketwise, Inc.
5% 10% 15% 20% 25% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: 16.2% Operating margin (TTM), FY23 Q4: 11.6% Operating margin (TTM), FY24 Q1: 9.9% Operating margin (TTM), FY24 Q2: 12.8% Operating margin (TTM), FY24 Q3: 15.6% Operating margin (TTM), FY24 Q4: 21.8% Operating margin (TTM), FY25 Q1: 22.0% Operating margin (TTM), FY25 Q2: 21.7% Operating margin (TTM), FY25 Q3: 21.5% Operating margin (TTM), FY25 Q4: 19.1% Operating margin (TTM), FY26 Q1: 13.9% Operating margin (TTM), FY26 Q2: 8.1% 8.1%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 16.2%
FY23 Q4 11.6%
FY24 Q1 9.9%
FY24 Q2 12.8%
FY24 Q3 15.6%
FY24 Q4 21.8%
FY25 Q1 22.0%
FY25 Q2 21.7%
FY25 Q3 21.5%
FY25 Q4 19.1%
FY26 Q1 13.9%
FY26 Q2 8.1%
FCF margin (TTM) Marketwise, Inc.
-10% -5% 0% 5% 10% 15% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: 12.0% FCF margin (TTM), FY23 Q4: 13.9% FCF margin (TTM), FY24 Q1: 9.3% FCF margin (TTM), FY24 Q2: 1.7% FCF margin (TTM), FY24 Q3: -2.5% FCF margin (TTM), FY24 Q4: -5.5% FCF margin (TTM), FY25 Q1: -0.5% FCF margin (TTM), FY25 Q2: 5.4% FCF margin (TTM), FY25 Q3: 8.0% FCF margin (TTM), FY25 Q4: 13.9% FCF margin (TTM), FY26 Q1: 12.8% FCF margin (TTM), FY26 Q2: 14.4% 14.4%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 12.0%
FY23 Q4 13.9%
FY24 Q1 9.3%
FY24 Q2 1.7%
FY24 Q3 -2.5%
FY24 Q4 -5.5%
FY25 Q1 -0.5%
FY25 Q2 5.4%
FY25 Q3 8.0%
FY25 Q4 13.9%
FY26 Q1 12.8%
FY26 Q2 14.4%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Marketwise took in during FY2025, followed through to profit: what it cost to make, what went on research and running the business, and what was left after tax.

  1. Revenue $328M
  2. Cost of revenue $44.3M · 13.5%
  3. Gross profit $284M · 86.5%
  4. Research and development $8.8M · 2.7%
  5. Selling, general and admin $209M · 63.8%
  6. Other operating costs $3.1M · 1.0%
  7. Operating income $62.6M · 19.1%
  8. Income tax $2.6M · 0.8%
  9. Interest and other $54.4M · 16.6%
  10. Net income $5.6M · 1.7%

Shares of revenue. Source: Marketwise's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 272 364 549 512 448 409 328 318
Gross profit 230 210 310 450 391 358 284 274
EBITDA 28 −536 −965 90 56 92 65 28
Operating income 26 −539 −968 87 52 89 63 26
Net income 28 −538 −1,013 18 2 7 6 2
Diluted EPS — — — $14.60 $1.07 $3.58 $2.31 $0.87
Growth (year on year)
Revenue — +33.8% +50.8% −6.7% −12.5% −8.8% −19.7% −11.3%
EBITDA — <−999% — — −38.4% +64.9% −29.4% −65.2%
Operating income — <−999% — — −40.6% +71.8% −29.7% −67.0%
Net income — <−999% — — −90.1% — — —
Diluted EPS — — — — −92.7% — — —
Margins
Gross margin 84.4% 57.5% 56.4% 87.8% 87.3% 87.6% 86.5% 86.2%
EBITDA margin 10.3% −147.2% −175.7% 17.6% 12.4% 22.4% 19.7% 8.8%
Operating margin 9.4% −147.9% −176.2% 17.0% 11.6% 21.8% 19.1% 8.1%
Net margin 10.3% −147.8% −184.5% 3.5% 0.4% 1.7% 1.7% 0.7%
Free-cash-flow margin 19.8% 15.3% 11.6% 9.4% 13.9% −5.5% 13.9% 14.4%
Cash flow
Cash from operations 54 56 64 48 62 −22 46 47
Capital spending 0 0 0 0 0 0 0 1
Free cash flow 54 56 63 48 62 −22 46 46
Stock-based pay 9 19 211 9 23 12 11 11
Free cash flow after stock pay 45 37 −147 39 39 −34 34 35
Balance sheet
Cash 171 114 139 159 155 98 70 33
Total debt 0 0 0 0 0 — 0 0
Net debt (negative = net cash) −171 −114 −139 −159 −155 −98 −70 −33
Diluted shares — — — 1m 2m 2m 2m 3m
Returned to shareholders
Dividends — — 0 0 6 2 5 4
Buybacks 0 0 3 13 0 11 3 2
Total returned 0 0 3 13 6 12 8 6

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

0 of 2 checks passed · June 30, 2026
What it owns · $186m
Short-term assets $87mLonger-term assets $99m
What it owes, and who funded it · $453m
Short-term liabilities $248mLonger-term liabilities $205mShareholders' equity $-33m
  • Short-term assets cover short-term liabilities $87m of assets due within a year against $248m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $87m short-term assets against $205m of longer-dated liabilities.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Marketwise, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q2 TTM
Buybacks (TTM)
$1.9M
Dividends (TTM)
$4.3M
Returned to shareholders
14%
of free cash flow
Buybacks, last 3 fiscal years
$14.2M
Diluted share count
+19.6%
year over year
Total shareholder yield
11.4%
dividends 7.9% + buybacks 3.5% of market value
Dividend payout ratio
195%
of net income paid out
R&D spending
3.0%
of revenue
Days sales outstanding
4 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in interactive media & services
Last 12 months unless stated MKTW YALA IBTA SCOR SMWB NXDR Median
Revenue, last 12 months $318m $342m $343m $347m $283m $275m $615m
Revenue growth, last 12 months −11.3% 0.7% −6.6% −3.2% 13.1% 9.8% 2.4%
Revenue growth, 3-year average −12.7% — — −2.7% — 8.7% 5.0%
Revenue growth, latest quarter −5.2% — 3.3% −11.3% — 14.5% 2.4%
Gross margin 86.2% 67.3% 78.2% 38.9% 79.5% 84.2% 60.4%
Operating margin 8.1% 35.7% −3.5% −2.4% −8.3% −16.6% 0.3%
Operating margin, 3-year average 14.2% — 4.7% −8.8% — −42.6% −0.4%
Net margin 0.7% 43.3% −3.2% −5.1% −11.7% −11.1% 3.8%
Cash from operations / revenue 14.7% 40.2% 27.2% 6.0% 5.2% 4.6% 11.4%
Free-cash-flow margin 14.4% 39.6% 21.7% 5.7% 4.7% 4.5% 7.5%
Free-cash-flow margin, 3-year average 7.2% — 23.5% 5.5% — −6.0% 7.2%
Stock pay / revenue 3.3% 3.0% 15.4% 0.3% 7.5% 22.1% 3.7%
Change in share count 19.6% −1.7% −11.0% 103.3% 4.9% 1.2% 2.0%

Median of all 63 companies we cover in interactive media & services. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

63 interactive media & services companies
Measure Company Peer median Rank
Revenue growth Growth -11.3% 2.4% 55 of 63
Change in growth rate Growth +4.7pp -0.2pp 16 of 63
Gross margin Profitability 86.2% 60.9% 9 of 54
Operating margin Profitability 8.1% 0.3% 23 of 63
Net margin Profitability 0.7% 3.8% 33 of 63
Free-cash-flow margin Cash generation 14.4% 8.9% 21 of 59
Stock pay as % of revenue Cash generation 3.3% 3.9% 26 of 61
Change in share count Balance sheet 19.6% 1.7% 46 of 55
Days sales outstanding Balance sheet 4 days 49 days 1 of 54

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue Share YoY
Subscriptions $323M 100.0% ▼ 20.2%
Advertising $45,000 0.0% ▼ 94.1%
Geography
Region Revenue Share YoY
United States $328M 100.0% ▼ 19.7%
Outside the US $0 0.0% —

From Marketwise, Inc.'s 10-K filed March 6, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$15.7M
Institutions reporting
51
Shares held vs prior quarter
▲ 7.7%
Positions opened / closed
9 / 8

Top buyers and sellers, Q2 2026: 32 institutions bought and 19 sold ; the biggest buyer was Blackrock, Inc (+24K shares) and the biggest seller Royce & Associates LP (−25K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Barclays PLC $2.7M 153K 17.4% ▲ 0.6%
Blackrock, Inc. $2.6M 146K 16.6% ▲ 19.6%
Bass Sid R $2.6M 146K 16.5% ▲ 7.7%
Phraction Management LLC $1.6M 92K 10.5% ▼ 6.1%
Vanguard Capital Management LLC $1.1M 64K 7.3% 0.0%
Geode Capital Management, LLC $992,416 56K 6.3% ▲ 13.0%
State Street Corp $587,703 33K 3.7% ▲ 18.6%
AQR Capital Management LLC $572,399 32K 3.6% ▲ 134.2%
Renaissance Technologies LLC $460,254 26K 2.9% ▼ 5.1%
Mtm Investment Management, LLC $423,427 24K 2.7% ▲ 23.6%
Northern Trust Corp $284,155 16K 1.8% ▲ 20.6%
Formidable Asset Management, LLC $272,232 15K 1.7% 0.0%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Marketwise, Inc.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $2.7M 15 trades by 1 insider, last 12 months Insider sales History → $529,866 8 trades by 3 insiders · 0% under pre-set plans
Net ▲ $2.2M net buying
Insider Date Trade Shares Price Value
Mickels Erik Chief Finacial Officer July 1, 2026 Sell 3,973 $19.14 $76,043
Forney Scott Daniel General Counsel July 1, 2026 Sell 711 $19.14 $13,609
Galsim Marco Chief Information Officer July 1, 2026 Sell 3,294 $19.14 $63,047
Stansberry Frank Porter Director May 22, 2026 Buy 10,000 $17.88 $178,800
Stansberry Frank Porter Director May 20, 2026 Buy 20,100 $17.21 $345,921
Stansberry Frank Porter Director May 18, 2026 Buy 100 $16.46 $1,646
Stansberry Frank Porter Director May 18, 2026 Buy 3,523 $16.50 $58,130
Stansberry Frank Porter Director May 15, 2026 Buy 11 $16.71 $184
Stansberry Frank Porter Director May 14, 2026 Buy 10,000 $18.25 $182,500
Stansberry Frank Porter Director May 14, 2026 Buy 10,000 $17.99 $179,900
Stansberry Frank Porter Director May 12, 2026 Buy 10,000 $18.50 $185,000
Stansberry Frank Porter Director May 11, 2026 Buy 10,000 $18.89 $188,900

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

  • August 6, 2026
  • July 10, 2026
  • May 7, 2026
  • April 13, 2026
  • March 6, 2026
  • January 22, 2026

Recent SEC filings

Data status

When each part of this page on Marketwise, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Marketwise, Inc. in brief

What does Marketwise, Inc. do?
Marketwise, Inc. is a US-listed company in the interactive media & services industry. Its financial year ends in December.
What is Marketwise, Inc.'s stock ticker?
Marketwise, Inc. trades under the ticker MKTW on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Marketwise, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Marketwise, Inc. reported revenue of $318M, 11.3% lower than a year earlier, according to its SEC filings.
What is Marketwise, Inc.'s free cash flow?
Marketwise, Inc.'s free-cash-flow margin is 14.4% of revenue over the trailing twelve months, ranking 21 of the 59 interactive media & services companies we cover.
What is Marketwise, Inc.'s fair value (intrinsic value) per share?
Our discounted-cash-flow model of Marketwise, Inc.'s free cash flow after stock-based pay gives ~$70 per share in the base case, and ~$56–$89 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Marketwise, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Barclays PLC, Blackrock, Inc. and Bass Sid R. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Marketwise, Inc. buying back stock, and does it pay a dividend?
Marketwise, Inc. spent $1.9M on share repurchases over the trailing twelve months, and its diluted share count still rose 19.6% over the year.
What is Marketwise, Inc.'s market cap?
On November 2, 2026, Marketwise, Inc.'s market capitalisation was about $53.3M, with a price-to-earnings ratio of 23.9 and net debt of -$32.9M. Market figures come from third-party market data and may be delayed.
Does Marketwise, Inc. pay a dividend?
Yes: Marketwise, Inc. paid $4.3M in dividends over the trailing twelve months, a dividend yield of 7.93% and a payout ratio of 194.8%.
Who are Marketwise, Inc.'s competitors?
In our Interactive Media & Services peer group, the companies closest to Marketwise, Inc. are Yalla Group Ltd, Ibotta, Inc., Comscore, Inc., Similarweb LTD. and Nextdoor Holdings, Inc. The side-by-side comparison below sets their revenue, margins and growth against Marketwise, Inc.'s.
Are insiders buying or selling Marketwise, Inc. stock?
Over the last 12 months, Marketwise, Inc.'s directors and officers reported 15 open-market purchases and 8 sales on Form 4. The insider trading page charts every trade.