MKTW · MARKETWISE, INC.
Could not be re-screened as of 2026-07-15 — share count for MKTW predates its balance sheet (2020-07-23 < 2026-03-31). The figures below are from the last successful run and may be stale.
MarketWise, Inc. operates a content and technology multi-brand platform for self-directed investors in the United States and Internationally. Its platform provides financial research, software, education, and tools to navigate the financial markets through subscription businesses. The company also offers various investment strategies, such as value investing, income, growth, commodities, cryptocurrencies, venture, crowdfunded investing, biotechnology, mutual funds, options, and trading; and investment research product portfolio through a range of media, including desktops, laptops, tablets, and mobile. In addition, it provides a diversified product portfolio for various financial research products under the Stansberry Research, Chaikin Analytics, Brownstone Research, InvestorPlace, Altimetry, Wide Moat Research, Brownstone Research, The Opportunistic Trader, and TradeSmith brand names. Further, the company develops screeners, monitors, portfolio management tools, and proprietary indicators that produce a composite score to rank publicly traded companies. The company was founded in 1999 and is based in Baltimore, Maryland.
Cap structure and valuation
| Cap structure | |
|---|---|
| SP | $17.23 |
| SO | 10.3M |
| Options | 0.0M |
| Warrants | 0.0M |
| FD SO | 10.3M |
| MC | $178.3M |
| Cash | $52.7M |
| Total debt | — |
| EV | $125.6M |
| TTM Multiples | |
|---|---|
| EV / Revenue | 0.4x |
| EV / EBITDA | 2.7x |
| MC / Net Income | 3.8x |
| EV / FCF | 3.0x |
| MC / FCF | 4.3x |
| Ownership & coverage | |
|---|---|
| Institutional | 28.2% |
| Insiders | 23.0% |
| # Institutions | 82 |
| Analysts | 3 |
| Consensus | Hold |
| Avg target | $22.66 |
| Short % float | 2.8% |
| Days to cover | 3.74 |
MC = SP × FD SO. EV = MC + Debt − Cash. SP = previous yfinance close. Balance-sheet figures as of 2020-07-23. Multiples use TTM (sum of last 4 quarters); shown as "—" when the denominator is zero or negative, or when fewer than four quarters are reported — a partial sum is not a trailing twelve months. Ownership & coverage per Yahoo Finance as of 2026-07-13 — institutional % is 13F-based, so it can lag a quarter and exceed 100% on share-count timing. Short interest per FINRA bi-monthly reporting, as of 2026-06-29; the float denominator can be unreliable on tiny floats.
Financial statements
| 3/31/26 | 12/31/25 | 9/30/25 | 6/30/25 | |
|---|---|---|---|---|
| Total Revenue | 77.03 | 83.39 | 81.27 | 79.95 |
| Revenue YoY % | (7.8%) | (14.4%) | (16.4%) | (23.9%) |
| Cost of Revenue | 11.15 | 10.85 | 10.60 | 10.95 |
| Gross Profit | 65.88 | 72.54 | 70.67 | 69.00 |
| Gross Profit YoY % | (8.0%) | (16.1%) | (16.2%) | (24.7%) |
| Gross Margin % | 85.5% | 87.0% | 87.0% | 86.3% |
| SG&A | 63.86 | 56.54 | 49.93 | 51.37 |
| R&D | 2.33 | 2.19 | 2.14 | 2.14 |
| Operating Expense | 66.98 | 59.36 | 52.85 | 54.19 |
| Operating Income | (1.10) | 13.19 | 17.82 | 14.81 |
| Operating Income YoY % | (106.5%) | (45.5%) | (18.6%) | (30.6%) |
| Operating Margin % | (1.4%) | 15.8% | 21.9% | 18.5% |
| EBITDA | (0.58) | 13.69 | 18.47 | 15.31 |
| EBITDA Margin % | (0.8%) | 16.4% | 22.7% | 19.2% |
| Other Income / (Expense) | 0.60 | 0.63 | 1.16 | 1.11 |
| Pretax Income | (0.49) | 13.81 | 18.98 | 15.92 |
| Tax Provision | 0.06 | (0.16) | 1.07 | 0.61 |
| Net Income | (0.55) | 13.97 | 17.91 | 15.31 |
| Net Income to Common | (0.57) | 1.93 | 1.50 | 1.30 |
| Net Margin % | (0.7%) | 16.8% | 22.0% | 19.1% |
| Diluted EPS | -$0.23 | $0.77 | $0.58 | $0.53 |
| Basic EPS | -$0.23 | $0.80 | $0.60 | $0.55 |
| Diluted Avg Shares | 2.5 | — | 2.6 | 2.4 |
| Basic Avg Shares | 2.5 | — | 2.5 | 2.4 |
| LTM | 12/31/25 | 12/31/24 | 12/31/23 | 12/31/22 | |
|---|---|---|---|---|---|
| Total Revenue | 321.64 | 328.12 | 408.70 | 448.18 | 512.40 |
| Revenue YoY % | (2.0%) | (19.7%) | (8.8%) | (12.5%) | — |
| Cost of Revenue | 43.55 | 44.34 | 50.66 | 56.80 | 62.70 |
| Gross Profit | 278.10 | 283.79 | 358.04 | 391.38 | 449.71 |
| Gross Profit YoY % | (2.0%) | (20.7%) | (8.5%) | (13.0%) | — |
| Gross Margin % | 86.5% | 86.5% | 87.6% | 87.3% | 87.8% |
| SG&A | 221.70 | 209.25 | 251.42 | 323.77 | 350.14 |
| R&D | 8.79 | 8.81 | 9.91 | 8.83 | 8.82 |
| Operating Expense | 233.38 | 221.19 | 269.05 | 339.57 | 362.42 |
| Operating Income | 44.72 | 62.60 | 88.99 | 51.80 | 87.28 |
| Operating Income YoY % | (28.6%) | (29.7%) | 71.8% | (40.6%) | — |
| Operating Margin % | 13.9% | 19.1% | 21.8% | 11.6% | 17.0% |
| EBITDA | 46.89 | 64.78 | 91.74 | 55.63 | 90.37 |
| EBITDA Margin % | 14.6% | 19.7% | 22.4% | 12.4% | 17.6% |
| Other Income / (Expense) | 3.51 | 4.00 | 7.37 | 4.29 | 15.38 |
| Pretax Income | 48.23 | 66.60 | 96.36 | 56.10 | 102.66 |
| Tax Provision | 1.58 | 2.56 | 3.25 | 1.80 | 1.49 |
| Net Income | 46.65 | 64.04 | 93.11 | 54.30 | 101.17 |
| Net Income to Common | 4.16 | 5.62 | 7.06 | 1.78 | 17.99 |
| Net Margin % | 14.5% | 19.5% | 22.8% | 12.1% | 19.7% |
| Diluted EPS | $1.65 | $2.31 | $3.58 | $1.07 | $0.73 |
| Basic EPS | $1.72 | $2.41 | $3.67 | $1.12 | $0.73 |
| Diluted Avg Shares | 2.5 | 2.4 | 2.0 | 1.7 | 24.7 |
| Basic Avg Shares | 2.5 | 2.3 | 1.9 | 1.6 | 24.6 |
| 3/31/26 | 12/31/25 | 9/30/25 | 6/30/25 | |
|---|---|---|---|---|
| Cash & Equivalents | 52.67 | 70.14 | 50.53 | 69.11 |
| Receivables | 4.60 | 5.72 | 4.15 | 4.07 |
| Other Current Assets | 54.56 | 55.84 | 62.33 | 56.86 |
| Total Current Assets | 111.83 | 131.70 | 117.02 | 130.04 |
| Net PPE | 0.89 | 0.45 | 0.28 | 0.29 |
| Operating Lease ROU | 6.30 | 6.68 | 6.93 | 2.36 |
| Goodwill | 30.04 | 30.04 | 30.04 | 30.04 |
| Intangible Assets | 3.46 | 3.81 | 3.96 | 4.12 |
| Other Assets | 49.40 | 45.69 | 43.42 | 44.89 |
| Total Assets | 201.92 | 218.38 | 201.66 | 211.75 |
| Current Lease Liabilities | 0.73 | 0.91 | 0.78 | 0.95 |
| Other Current Liabilities | 228.41 | 233.30 | 228.41 | 238.57 |
| Total Current Liabilities | 229.14 | 234.20 | 229.19 | 239.52 |
| Long-term Lease Liabilities | 4.99 | 5.17 | 5.36 | 0.56 |
| Other Liabilities | 194.68 | 192.62 | 193.06 | 198.69 |
| Total Liabilities | 428.81 | 432.00 | 427.61 | 438.77 |
| Retained Earnings | (114.24) | (113.66) | (115.59) | (117.10) |
| Total Equity | (226.89) | (213.62) | (225.95) | (227.02) |
| LTM | 12/31/25 | 12/31/24 | 12/31/23 | 12/31/22 | |
|---|---|---|---|---|---|
| Cash & Equivalents | 52.67 | 70.14 | 97.88 | 155.17 | 158.57 |
| Receivables | 4.60 | 5.72 | 1.88 | 4.53 | 4.04 |
| Other Current Assets | 54.56 | 55.84 | 69.08 | 108.14 | 116.56 |
| Total Current Assets | 111.83 | 131.70 | 168.83 | 267.84 | 279.18 |
| Net PPE | 0.89 | 0.45 | 0.59 | 0.69 | 0.89 |
| Operating Lease ROU | 6.30 | 6.68 | 3.18 | 7.33 | 9.47 |
| Goodwill | 30.04 | 30.04 | 30.04 | 31.04 | 31.31 |
| Intangible Assets | 3.46 | 3.81 | 4.67 | 6.25 | 16.05 |
| Other Assets | 49.40 | 45.69 | 52.19 | 83.40 | 105.62 |
| Total Assets | 201.92 | 218.38 | 259.51 | 396.56 | 442.51 |
| Current Lease Liabilities | 0.73 | 0.91 | 1.63 | 1.45 | 1.48 |
| Other Current Liabilities | 228.41 | 233.30 | 258.58 | 372.45 | 384.02 |
| Total Current Liabilities | 229.14 | 234.20 | 260.21 | 373.89 | 385.51 |
| Long-term Debt | — | — | — | 0.00 | — |
| Long-term Lease Liabilities | 4.99 | 5.17 | 2.74 | 4.37 | 5.83 |
| Other Liabilities | 194.68 | 192.62 | 214.49 | 307.24 | 349.55 |
| Total Liabilities | 428.81 | 432.00 | 477.44 | 685.50 | 740.89 |
| Retained Earnings | (114.24) | (113.66) | (119.28) | (126.34) | (128.12) |
| Total Equity | (226.89) | (213.62) | (217.92) | (288.94) | (298.38) |
| 3/31/26 | 12/31/25 | 9/30/25 | 6/30/25 | |
|---|---|---|---|---|
| Net Income | (0.55) | 13.97 | 17.91 | 15.31 |
| D&A | 0.52 | 0.50 | 0.65 | 0.50 |
| Stock-Based Comp | 2.21 | 2.66 | 2.75 | 2.56 |
| Δ Working Cap & Other | (4.25) | 7.08 | (19.15) | (0.53) |
| Operating Cash Flow | (2.08) | 24.21 | 2.17 | 17.84 |
| CapEx | (0.47) | (0.21) | (0.01) | (0.12) |
| Investing Cash Flow | (0.60) | (0.53) | (0.48) | (0.34) |
| Stock Issuance | — | 0.14 | 0.00 | — |
| Stock Buyback | (0.06) | (0.48) | (1.05) | (1.85) |
| Other Financing | (14.73) | (3.75) | (19.18) | (25.72) |
| Financing Cash Flow | (14.79) | (4.09) | (20.23) | (27.57) |
| Effect of FX on Cash | (0.01) | 0.01 | (0.03) | 0.00 |
| Free Cash Flow | (2.55) | 24.00 | 2.15 | 17.72 |
| LTM | 12/31/25 | 12/31/24 | 12/31/23 | 12/31/22 | |
|---|---|---|---|---|---|
| Net Income | 46.65 | 64.04 | 93.11 | 54.30 | 101.17 |
| D&A | 2.17 | 2.19 | 2.75 | 3.82 | 3.09 |
| Stock-Based Comp | 10.17 | 11.11 | 12.20 | 23.38 | 9.04 |
| Δ Working Cap & Other | (16.84) | (31.38) | (130.21) | (19.07) | (64.93) |
| Operating Cash Flow | 42.15 | 45.96 | (22.15) | 62.43 | 48.37 |
| CapEx | (0.82) | (0.39) | (0.13) | (0.07) | (0.04) |
| Acquisitions | — | 0.00 | 0.00 | (0.17) | (12.77) |
| Other Investing | (1.13) | (1.18) | (0.55) | (1.66) | — |
| Investing Cash Flow | (1.95) | (1.57) | (0.68) | (1.90) | (13.24) |
| Stock Issuance | — | 0.42 | 0.30 | 0.68 | 0.83 |
| Stock Buyback | (3.44) | (3.38) | (10.80) | 0.00 | (13.05) |
| Other Financing | (63.25) | (69.15) | (23.96) | (64.63) | (3.96) |
| Financing Cash Flow | (66.69) | (72.11) | (34.46) | (63.95) | (16.19) |
| Effect of FX on Cash | (0.03) | (0.02) | (0.01) | 0.02 | 0.05 |
| Free Cash Flow | 41.33 | 45.57 | (22.28) | 62.36 | 48.34 |
| 3/31/26 | 12/31/25 | 9/30/25 | 6/30/25 | |
|---|---|---|---|---|
| Current Ratio | 0.49 | 0.56 | 0.51 | 0.54 |
| Quick Ratio | — | — | — | — |
| Debt / Equity | -1.89 | -2.02 | -1.89 | -1.93 |
| EBITDA Margin % | (0.8%) | 16.4% | 22.7% | 19.2% |
| Working Capital | (117.31) | (102.50) | (112.18) | (109.47) |
| Net Debt | — | — | — | — |
| ROE % | 0.2% | (6.5%) | (7.9%) | (6.7%) |
| ROA % | (0.3%) | 6.4% | 8.9% | 7.2% |
| LTM | 12/31/25 | 12/31/24 | 12/31/23 | 12/31/22 | |
|---|---|---|---|---|---|
| Current Ratio | 0.49 | 0.56 | 0.65 | 0.72 | 0.72 |
| Quick Ratio | — | — | — | — | — |
| Debt / Equity | -1.89 | -2.02 | -2.19 | -2.37 | -2.48 |
| EBITDA Margin % | 14.6% | 19.7% | 22.4% | 12.4% | 17.6% |
| Working Capital | (117.31) | (102.50) | (91.38) | (106.05) | (106.33) |
| Net Debt | — | — | — | (155.17) | — |
| ROE % | (20.6%) | (30.0%) | (42.7%) | (18.8%) | (33.9%) |
| ROA % | 23.1% | 29.3% | 35.9% | 13.7% | 22.9% |
Insider activity (last 2 years)
| Date Filed | Reporter | Relationship | Trans. Date | Code | Shares | Price | Total Value |
|---|---|---|---|---|---|---|---|
| 2026-05-26 | Stansberry Frank Porter | Director, 10% Owner | 2026-05-22 | P | 10,000 | $17.88 | $178,800 |
| 2026-05-22 | Stansberry Frank Porter | Director, 10% Owner | 2026-05-20 | P | 20,100 | $17.21 | $345,921 |
| 2026-05-19 | Stansberry Frank Porter | Director, 10% Owner | 2026-05-18 | P | 3,523 | $16.50 | $58,130 |
| 2026-05-19 | Stansberry Frank Porter | Director, 10% Owner | 2026-05-18 | P | 100 | $16.46 | $1,646 |
| 2026-05-19 | Stansberry Frank Porter | Director, 10% Owner | 2026-05-15 | P | 11 | $16.71 | $184 |
| 2026-05-14 | Stansberry Frank Porter | Director, 10% Owner | 2026-05-14 | P | 10,000 | $17.99 | $179,900 |
| 2026-05-14 | Stansberry Frank Porter | Director, 10% Owner | 2026-05-14 | P | 10,000 | $18.25 | $182,500 |
| 2026-05-14 | Stansberry Frank Porter | Director, 10% Owner | 2026-05-12 | P | 10,000 | $18.50 | $185,000 |
| 2026-05-12 | Stansberry Frank Porter | Director, 10% Owner | 2026-05-11 | P | 10,000 | $18.89 | $188,900 |
| 2026-05-12 | Stansberry Frank Porter | Director, 10% Owner | 2026-05-08 | P | 11,000 | $17.15 | $188,650 |
| 2026-05-12 | Stansberry Frank Porter | Director, 10% Owner | 2026-05-08 | P | 11,749 | $19.22 | $225,816 |
| 2026-05-12 | Stansberry Frank Porter | Director, 10% Owner | 2026-05-08 | P | 18,626 | $19.93 | $371,216 |
| 2026-05-11 | Galsim Marco | Officer (Chief Information Officer) | 2026-05-05 | A | 10,000 | — | $0 |
| 2026-03-24 | Mickels Erik | Officer (Chief Financial Officer) | 2026-03-23 | S | (6,000) | $14.70 | -$88,200 |
| 2026-03-23 | Stansberry Frank Porter | Director, 10% Owner | 2026-03-20 | P | 10,000 | $14.78 | $147,800 |
| 2026-03-23 | Stansberry Frank Porter | Director, 10% Owner | 2026-03-20 | P | 7,270 | $15.76 | $114,575 |
| 2026-03-23 | Stansberry Frank Porter | Director, 10% Owner | 2026-03-19 | P | 23,103 | $14.28 | $329,911 |
| 2026-03-20 | Mickels Erik | Officer (Chief Financial Officer) | 2026-03-19 | S | (3,334) | $13.83 | -$46,109 |
| 2026-03-20 | Mickels Erik | Officer (Chief Financial Officer) | 2026-03-18 | S | (6,666) | $14.10 | -$93,991 |
| 2026-03-17 | Forney Scott Daniel | Officer (General Counsel) | 2026-03-13 | A | 2,000 | — | $0 |
| 2026-03-17 | Forney Scott Daniel | Officer (General Counsel) | 2026-03-13 | F | (805) | $14.15 | -$11,391 |
| 2026-03-17 | Mickels Erik | Officer (Chief Financial Officer) | 2026-03-13 | A | 43,911 | — | $0 |
| 2026-03-17 | Mickels Erik | Officer (Chief Financial Officer) | 2026-03-13 | F | (5,284) | $14.15 | -$74,769 |
| 2026-03-17 | Kaufman Steven Andrew | Officer (Controller) | 2026-03-13 | F | (350) | $14.15 | -$4,952 |
| 2026-03-17 | Galsim Marco | Officer (Chief Information Officer) | 2026-03-13 | F | (2,288) | $14.15 | -$32,375 |
| 2026-03-12 | Mickels Erik | Officer (Chief Financial Officer) | 2026-03-11 | S | (6,666) | $14.73 | -$98,190 |
| 2026-03-12 | Mickels Erik | Officer (Chief Financial Officer) | 2026-03-10 | S | (3,334) | $15.20 | -$50,677 |
| 2025-10-06 | Eifrig David | Director, Officer (Chief Executive Officer) | 2025-09-16 | J | (1,250) | — | $-0 |
| 2025-10-06 | Galsim Marco | Officer (Chief Information Officer) | 2025-09-16 | J | (2,750) | — | $-0 |
| 2025-10-06 | Palmer Michael Alan | Director | 2025-09-16 | J | (7,500) | — | $-0 |
| 2025-07-25 | Forney Scott Daniel | Officer (General Counsel) | 2025-07-21 | F | (76) | $18.22 | -$1,385 |
| 2025-07-25 | Kaufman Steven Andrew | Officer (Controller) | 2025-07-21 | F | (76) | $18.22 | -$1,385 |
| 2025-07-25 | Galsim Marco | Officer (Chief Information Officer) | 2025-07-21 | F | (326) | $18.22 | -$5,940 |
| 2025-07-03 | Forney Scott Daniel | Officer (General Counsel) | 2025-07-01 | F | (719) | $19.82 | -$14,251 |
| 2025-07-03 | Mickels Erik | Officer (Chief Financial Officer) | 2025-07-01 | F | (3,561) | $19.82 | -$70,579 |
| 2025-07-03 | Galsim Marco | Officer (Chief Information Officer) | 2025-07-01 | F | (1,870) | $19.82 | -$37,063 |
| 2025-07-03 | Kaufman Steven Andrew | Officer (Controller) | 2025-07-01 | F | (449) | $19.82 | -$8,899 |
| 2025-07-03 | Stansberry Frank Porter | Director, 10% Owner | 2025-06-12 | A | 6,775 | — | $0 |
| 2025-07-03 | Smith Matthew Tate | Director | 2025-06-12 | A | 6,775 | — | $0 |
| 2025-07-03 | Tongue Glenn H | Director | 2025-06-12 | A | 7,317 | — | $0 |
| 2025-07-03 | Turner Matthew Joseph | Director | 2025-06-12 | A | 7,317 | — | $0 |
| 2025-07-03 | SIMMONS VAN D | Director | 2025-06-12 | A | 6,775 | — | $0 |
| 2025-06-20 | Mickels Erik | Officer (Chief Financial Officer) | 2025-06-17 | P | 940 | $17.94 | $16,864 |
| 2025-03-17 | Forney Scott Daniel | Officer (General Counsel) | 2025-03-14 | F | (16,061) | $0.61 | -$9,733 |
| 2025-03-17 | Mickels Erik | Officer (Chief Financial Officer) | 2025-03-14 | F | (94,720) | $0.61 | -$57,400 |
| 2025-03-17 | Kaufman Steven Andrew | Officer (Controller) | 2025-03-14 | F | (6,969) | $0.61 | -$4,223 |
| 2025-03-17 | Galsim Marco | Officer (Chief Information Officer) | 2025-03-14 | F | (31,541) | $0.61 | -$19,114 |
| 2024-11-22 | Elizabeth W. P. Bonner 2009 Irrevocable Trust Number Two | 10% Owner | 2023-08-31 | J | 6,311,026 | — | $0 |
| 2024-11-22 | Elizabeth W. P. Bonner 2009 Irrevocable Trust Number Two | 10% Owner | 2023-08-31 | J | 6,311,026 | — | $0 |
| 2024-09-19 | Tongue Glenn H | Director | 2024-09-18 | P | 5,000 | $0.70 | $3,500 |
| 2024-09-19 | Tongue Glenn H | Director | 2024-09-17 | P | 2,782 | $0.69 | $1,932 |
| 2024-09-19 | Tongue Glenn H | Director | 2024-09-17 | P | 7,982 | $0.70 | $5,587 |
| 2024-07-22 | Forney Scott Daniel | Officer (General Counsel) | 2024-07-19 | F | (1,502) | $1.12 | -$1,682 |
| 2024-07-22 | Galsim Marco | Officer (Chief Information Officer) | 2024-07-19 | F | (4,683) | $1.12 | -$5,245 |
| 2024-07-22 | Kaufman Steven Andrew | Officer (Controller) | 2024-07-19 | F | (1,520) | $1.12 | -$1,702 |
| 2024-07-03 | Kaufman Steven Andrew | Officer (Controller) | 2024-07-01 | A | 109,649 | — | $0 |
| 2024-07-03 | Eifrig David | Director | 2024-07-01 | A | 657,894 | — | $0 |
| 2024-07-03 | Curlett Charles N Jr | Officer (Chief Operating Officer) | 2024-07-01 | A | 345,394 | — | $0 |
| 2024-07-03 | Mickels Erik | Officer (Chief Financial Officer) | 2024-07-01 | A | 657,894 | — | $0 |
| 2024-07-03 | Palmer Michael Alan | Director | 2024-07-01 | A | 345,394 | — | $0 |
| 2024-07-03 | Galsim Marco | Officer (Chief Information Officer) | 2024-07-01 | A | 345,394 | — | $0 |
| 2024-07-03 | Forney Scott Daniel | Officer (General Counsel) | 2024-07-01 | A | 172,697 | — | $0 |
| 2024-06-10 | Smith Matthew Tate | Director | 2024-06-06 | A | 94,696 | — | $0 |
| 2024-06-10 | Turner Matthew Joseph | Director | 2024-06-06 | A | 94,696 | — | $0 |
| 2024-06-10 | SIMMONS VAN D | Director | 2024-06-06 | A | 94,696 | — | $0 |
| 2024-06-10 | Tongue Glenn H | Director | 2024-06-06 | A | 102,272 | — | $0 |