Marketwise, Inc. balance sheet
At the end of fiscal 2025, Marketwise, Inc. had total assets of $218m, total liabilities of $432m and shareholders' equity of −$11.7m. It held $70.1m in cash against $0 of debt: net cash of $70.1m.
Balance sheet
| Fiscal year | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | 171 | 114 | 139 | 159 | 155 | 98 | 70 | 33 |
| Receivables | 7 | 12 | 8 | 4 | 5 | 2 | 6 | 3 |
| Total current assets | — | 181 | 246 | 279 | 268 | 169 | 132 | 87 |
| Goodwill | 18 | 18 | 23 | 31 | 31 | 30 | 30 | 30 |
| Total assets | — | 285 | 422 | 443 | 397 | 260 | 218 | 186 |
| Accounts payable | — | 0 | — | — | — | — | — | — |
| Deferred revenue (current) | 191 | 275 | 312 | 311 | 285 | 215 | 182 | 190 |
| Total current liabilities | — | 346 | 395 | 386 | 374 | 260 | 234 | 248 |
| Short-term debt | — | 0 | — | — | — | — | — | — |
| Long-term debt | — | — | — | — | 0 | — | — | — |
| Total debt | 0 | 0 | 0 | 0 | 0 | — | 0 | 0 |
| Total liabilities | — | 1,205 | 827 | 741 | 685 | 477 | 432 | 453 |
| Shareholders' equity | — | 5 | −49 | −21 | −11 | −13 | −12 | −33 |
| Non-controlling interests and other (assets − liabilities − equity) | — | −926 | −357 | −277 | −278 | −205 | −202 | −234 |
| Net debt (negative = net cash) | −171 | −114 | −139 | −159 | −155 | −98 | −70 | −33 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Receivables | 2 | 2 | 9 | 4 | 4 | 6 | 5 | 3 |
| Total current assets | 172 | 169 | 153 | 130 | 117 | 132 | 112 | 87 |
| Goodwill | 34 | 30 | 30 | 30 | 30 | 30 | 30 | 30 |
| Total assets | 278 | 260 | 240 | 212 | 202 | 218 | 202 | 186 |
| Deferred revenue (current) | 227 | 215 | 211 | 199 | 187 | 182 | 183 | 190 |
| Total current liabilities | 284 | 260 | 248 | 240 | 229 | 234 | 229 | 248 |
| Total liabilities | 525 | 477 | 457 | 439 | 428 | 432 | 429 | 453 |
| Shareholders' equity | −19 | −13 | −16 | −16 | −15 | −12 | −12 | −33 |
| Non-controlling interests and other (assets − liabilities − equity) | −228 | −205 | −202 | −211 | −211 | −202 | −215 | −234 |
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