Marketwise Inc Financials
This page shows Marketwise Inc (MKTW) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Marketwise Inc has an operating margin of 21.8%, meaning the company retains $22 of operating profit per $100 of revenue. This strong profitability earns a score of 100/100, reflecting efficient cost management and pricing power. This is up from 11.6% the prior year.
Marketwise Inc's revenue declined 8.8% year-over-year, from $448.2M to $408.7M. This contraction results in a growth score of 3/100.
Marketwise Inc's current ratio of 0.65 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 6/100, which could limit financial flexibility.
While Marketwise Inc generated -$22.1M in operating cash flow, capex of $133K consumed most of it, leaving -$22.3M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Marketwise Inc scores 1.72, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Marketwise Inc passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
For every $1 of reported earnings, Marketwise Inc generates $-3.14 in operating cash flow (-$22.1M OCF vs $7.1M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Key Financial Metrics
Marketwise Inc generated $408.7M in revenue in fiscal year 2024. This represents a decrease of 8.8% from the prior year.
Marketwise Inc's EBITDA was $91.7M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 64.9% from the prior year.
Marketwise Inc generated -$22.3M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 135.7% from the prior year.
Marketwise Inc reported $7.1M in net income in fiscal year 2024. This represents an increase of 296.1% from the prior year.
Marketwise Inc earned $0.18 per diluted share (EPS) in fiscal year 2024. This represents an increase of 260.0% from the prior year.
Marketwise Inc held $97.9M in cash against $0 in long-term debt as of fiscal year 2024.
Marketwise Inc's gross margin was 87.6% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 0.3 percentage points from the prior year.
Marketwise Inc's operating margin was 21.8% in fiscal year 2024, reflecting core business profitability. This is up 10.2 percentage points from the prior year.
Marketwise Inc's net profit margin was 1.7% in fiscal year 2024, showing the share of revenue converted to profit. This is up 1.3 percentage points from the prior year.
Marketwise Inc invested $9.9M in research and development in fiscal year 2024. This represents an increase of 12.2% from the prior year.
Marketwise Inc spent $10.8M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
Marketwise Inc invested $133K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 104.6% from the prior year.
MKTW Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'23 | Q3'24 | Q2'24 | Q1'23 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $81.3M+1.7% | $80.0M-4.3% | $83.5M-25.5% | $112.2M+5.7% | $106.2M+2.4% | $103.6M-17.9% | $126.2M-1.1% | $127.7M |
| Cost of Revenue | $10.6M-3.2% | $10.9M-8.3% | $11.9M-8.6% | $13.1M-5.4% | $13.8M-5.6% | $14.6M-4.3% | $15.3M+6.4% | $14.4M |
| Gross Profit | $70.7M+2.4% | $69.0M-3.6% | $71.6M-27.8% | $99.1M+7.3% | $92.3M+3.7% | $89.0M-19.8% | $110.9M-2.1% | $113.3M |
| R&D Expenses | $2.1M0.0% | $2.1M-8.7% | $2.3M+14.3% | $2.1M-1.5% | $2.1M-6.5% | $2.2M-9.5% | $2.5M+18.6% | $2.1M |
| SG&A Expenses | $18.8M-4.9% | $19.7M+13.9% | $17.3M-61.1% | $44.5M+78.0% | $25.0M-9.5% | $27.6M-1.4% | $28.0M-19.7% | $34.9M |
| Operating Income | $17.8M+20.3% | $14.8M-11.7% | $16.8M+1257.6% | $1.2M-88.8% | $11.0M+23.8% | $8.9M-70.9% | $30.6M+23.6% | $24.8M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $1.1M+74.2% | $613K-40.9% | $1.0M+527.2% | -$243K-135.2% | $691K+61.8% | $427K-54.0% | $928K+137.8% | -$2.5M |
| Net Income | $1.5M+16.0% | $1.3M+45.7% | $890K+540.3% | $139K-0.7% | $140K+288.9% | $36K-97.5% | $1.5M-65.9% | $4.3M |
| EPS (Diluted) | $0.58+9.4% | $0.53+29.3% | $0.41 | $0.00 | $0.00 | $0.00-100.0% | $0.05-61.5% | $0.13 |
MKTW Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'23 | Q3'24 | Q2'24 | Q1'23 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $201.7M-4.8% | $211.8M-11.6% | $239.6M-39.6% | $396.6M-12.3% | $451.9M+1.4% | $445.6M+3.2% | $431.7M-2.4% | $442.5M |
| Current Assets | $117.0M-10.0% | $130.0M-15.0% | $152.9M-42.9% | $267.8M-14.4% | $313.0M+2.8% | $304.3M+8.3% | $280.9M+0.6% | $279.2M |
| Cash & Equivalents | $50.5M-26.9% | $69.1M-12.7% | $79.2M-49.0% | $155.2M-20.0% | $194.0M+3.7% | $187.0M+15.8% | $161.5M+1.8% | $158.6M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $4.1M+1.9% | $4.1M-53.7% | $8.8M+94.1% | $4.5M-24.0% | $6.0M+89.9% | $3.1M-0.1% | $3.1M-22.3% | $4.0M |
| Goodwill | $30.0M0.0% | $30.0M0.0% | $30.0M-3.2% | $31.0M-1.1% | $31.4M+0.3% | $31.3M0.0% | $31.3M0.0% | $31.3M |
| Total Liabilities | $216.2M-5.0% | $227.5M-10.9% | $255.4M-37.4% | $407.6M-12.4% | $465.2M+1.1% | $460.0M+2.6% | $448.3M-3.3% | $463.7M |
| Current Liabilities | $229.2M-4.3% | $239.5M-3.5% | $248.2M-33.6% | $373.9M+3.2% | $362.4M+2.2% | $354.6M+6.3% | $333.7M-13.4% | $385.5M |
| Long-Term Debt | N/A | N/A | $707K | $0 | N/A | N/A | N/A | N/A |
| Total Equity | -$14.5M+7.9% | -$15.8M+0.3% | -$15.8M-42.6% | -$11.1M+16.4% | -$13.3M+8.0% | -$14.4M+13.4% | -$16.6M+21.5% | -$21.2M |
| Retained Earnings | -$115.6M+1.3% | -$117.1M+1.1% | -$118.4M+6.3% | -$126.3M+0.1% | -$126.5M+0.1% | -$126.6M0.0% | -$126.7M+1.1% | -$128.1M |
MKTW Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'23 | Q3'24 | Q2'24 | Q1'23 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $2.2M-87.8% | $17.8M+929.5% | $1.7M-90.1% | $17.5M+45.4% | $12.1M-58.4% | $29.0M+649.2% | $3.9M-63.5% | $10.6M |
| Capital Expenditures | $15K-87.3% | $118K+162.2% | $45K+800.0% | $5K-64.3% | $14K-57.6% | $33K+153.8% | $13K | $0 |
| Free Cash Flow | $2.2M-87.8% | $17.7M+950.0% | $1.7M-90.4% | $17.5M+45.5% | $12.0M-58.4% | $28.9M+650.8% | $3.9M-63.7% | $10.6M |
| Investing Cash Flow | -$477K-40.7% | -$339K-52.7% | -$222K+7.1% | -$239K+65.8% | -$699K-23.9% | -$564K-42.8% | -$395K | $0 |
| Financing Cash Flow | -$20.2M+26.6% | -$27.6M-36.4% | -$20.2M+64.0% | -$56.1M-1181.9% | -$4.4M-55.5% | -$2.8M-361.6% | -$610K-202.5% | $595K |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $1.1M-43.3% | $1.9M | N/A | $0 | $0 | $0 | $0 | $0 |
MKTW Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'23 | Q3'24 | Q2'24 | Q1'23 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 87.0%+0.7pp | 86.3%+0.6pp | 85.7%-2.6pp | 88.3%+1.4pp | 87.0%+1.1pp | 85.9%-2.0pp | 87.9%-0.8pp | 88.7% |
| Operating Margin | 21.9%+3.4pp | 18.5%-1.6pp | 20.1%+19.0pp | 1.1%-9.3pp | 10.4%+1.8pp | 8.6%-15.6pp | 24.3%+4.8pp | 19.4% |
| Net Margin | 1.8%+0.2pp | 1.6%+0.5pp | 1.1%+0.9pp | 0.1%-0.0pp | 0.1%+0.1pp | 0.0%-1.1pp | 1.2%-2.2pp | 3.4% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | 0.8%+0.1pp | 0.6%+0.2pp | 0.4%+0.3pp | 0.0%+0.0pp | 0.0%+0.0pp | 0.0%-0.3pp | 0.3%-0.6pp | 1.0% |
| Current Ratio | 0.51-0.0 | 0.54-0.1 | 0.62-0.1 | 0.72-0.1 | 0.860.0 | 0.86+0.0 | 0.84+0.1 | 0.72 |
| Debt-to-Equity | -14.89-0.5 | -14.44+1.7 | -16.16-16.2 | 0.00+35.1 | -35.09-3.2 | -31.91-5.0 | -26.95-5.1 | -21.88 |
| FCF Margin | 2.6%-19.5pp | 22.2%+20.2pp | 2.0%-13.6pp | 15.6%+4.3pp | 11.3%-16.6pp | 27.9%+24.9pp | 3.0%-5.3pp | 8.3% |
Note: Shareholder equity is negative (-$12.5M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.65), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Marketwise Inc's annual revenue?
Marketwise Inc (MKTW) reported $408.7M in total revenue for fiscal year 2024. This represents a -8.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Marketwise Inc's revenue growing?
Marketwise Inc (MKTW) revenue declined by 8.8% year-over-year, from $448.2M to $408.7M in fiscal year 2024.
Is Marketwise Inc profitable?
Yes, Marketwise Inc (MKTW) reported a net income of $7.1M in fiscal year 2024, with a net profit margin of 1.7%.
What is Marketwise Inc's earnings per share (EPS)?
Marketwise Inc (MKTW) reported diluted earnings per share of $0.18 for fiscal year 2024. This represents a 260.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Marketwise Inc's EBITDA?
Marketwise Inc (MKTW) had EBITDA of $91.7M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is Marketwise Inc's gross margin?
Marketwise Inc (MKTW) had a gross margin of 87.6% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Marketwise Inc's operating margin?
Marketwise Inc (MKTW) had an operating margin of 21.8% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Marketwise Inc's net profit margin?
Marketwise Inc (MKTW) had a net profit margin of 1.7% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Marketwise Inc's free cash flow?
Marketwise Inc (MKTW) generated -$22.3M in free cash flow during fiscal year 2024. This represents a -135.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Marketwise Inc's operating cash flow?
Marketwise Inc (MKTW) generated -$22.1M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Marketwise Inc's total assets?
Marketwise Inc (MKTW) had $259.5M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Marketwise Inc's capital expenditures?
Marketwise Inc (MKTW) invested $133K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Marketwise Inc spend on research and development?
Marketwise Inc (MKTW) invested $9.9M in research and development during fiscal year 2024.
Does Marketwise Inc buy back shares?
Yes, Marketwise Inc (MKTW) spent $10.8M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
What is Marketwise Inc's current ratio?
Marketwise Inc (MKTW) had a current ratio of 0.65 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.
What is Marketwise Inc's debt-to-equity ratio?
Marketwise Inc (MKTW) had a debt-to-equity ratio of -21.70 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Marketwise Inc's return on assets (ROA)?
Marketwise Inc (MKTW) had a return on assets of 2.7% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Marketwise Inc's cash runway?
Based on fiscal year 2024 data, Marketwise Inc (MKTW) had $97.9M in cash against an annual operating cash burn of $22.1M. This gives an estimated cash runway of approximately 53 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
Why is Marketwise Inc's debt-to-equity ratio negative or unusual?
Marketwise Inc (MKTW) has negative shareholder equity of -$12.5M as of fiscal year 2024, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Marketwise Inc's Altman Z-Score?
Marketwise Inc (MKTW) has an Altman Z-Score of 1.72, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Marketwise Inc's Piotroski F-Score?
Marketwise Inc (MKTW) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Marketwise Inc's earnings high quality?
Marketwise Inc (MKTW) has an earnings quality ratio of -3.14x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Marketwise Inc?
Marketwise Inc (MKTW) scores 27 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.