Marketwise, Inc. income statement
In fiscal 2025, Marketwise, Inc. reported revenue of $328m, down 19.7% on the year before, operating income of $62.6m (a 19.1% margin) and net income of $5.6m, or $2.31 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 272 | 364 | 549 | 512 | 448 | 409 | 328 | 318 |
| Cost of revenue | 43 | 155 | 239 | 63 | 57 | 51 | 44 | 44 |
| Gross profit | 230 | 210 | 310 | 450 | 391 | 358 | 284 | 274 |
| Research and development | 4 | 5 | 7 | 9 | 9 | 10 | 9 | 9 |
| Selling and marketing | 106 | 214 | 297 | 235 | 199 | 161 | 131 | 148 |
| General and administrative | 92 | 527 | 960 | 115 | 125 | 91 | 78 | 88 |
| Operating income | 26 | −539 | −968 | 87 | 52 | 89 | 63 | 26 |
| Income before tax | 28 | −541 | −952 | 103 | 56 | 96 | 67 | 30 |
| Income tax | 0 | 0 | 2 | 1 | 2 | 3 | 3 | 1 |
| Net income | 28 | −538 | −1,013 | 18 | 2 | 7 | 6 | 2 |
| Diluted EPS | — | — | — | $14.60 | $1.07 | $3.58 | $2.31 | $0.87 |
| Diluted shares (average) | — | — | — | 1m | 2m | 2m | 2m | 3m |
| EBITDA | 28 | −536 | −965 | 90 | 56 | 92 | 65 | 28 |
| 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 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 97 | 97 | 84 | 80 | 81 | 83 | 77 | 76 |
| Cost of revenue | 13 | 11 | 12 | 11 | 11 | 11 | 11 | 11 |
| Gross profit | 84 | 86 | 72 | 69 | 71 | 73 | 66 | 65 |
| Research and development | 3 | 3 | 2 | 2 | 2 | 2 | 2 | 3 |
| Selling and marketing | 37 | 34 | 34 | 32 | 31 | 34 | 40 | 43 |
| General and administrative | 22 | 20 | 17 | 20 | 19 | 22 | 24 | 23 |
| Operating income | 22 | 24 | 17 | 15 | 18 | 13 | −1 | −4 |
| Income before tax | 24 | 27 | 18 | 16 | 19 | 14 | −0 | −3 |
| Income tax | 1 | 1 | 1 | 1 | 1 | −0 | 0 | −0 |
| Net income | 2 | 2 | 1 | 1 | 2 | 2 | −1 | −1 |
| Diluted EPS | $0.87 | $1.07 | $0.41 | $0.53 | $0.58 | $0.77 | −$0.23 | −$0.24 |
| EBITDA | 23 | 25 | 17 | 15 | 18 | 14 | −1 | −4 |
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