What is Marketwise Inc's earnings per share (EPS)?

Marketwise Inc (MKTW) reported diluted earnings per share of $2.31 for fiscal year 2025. This represents a -35.5% 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.

Marketwise Inc Financials

MKTW

Source SEC Filings (10-K/10-Q) Updated Mar 5, 2026 Currency USD FYE March

This page shows Marketwise Inc (MKTW) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 7 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

Financial Profile 33/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Marketwise Inc has an operating margin of 19.2%, meaning the company retains $19 of operating profit per $100 of revenue. This strong profitability earns a score of 65/100, reflecting efficient cost management and pricing power. This is down from 21.8% the prior year.

Growth

Marketwise Inc's revenue declined 20.3% year-over-year, from $408.7M to $325.7M. This contraction results in a growth score of 0/100.

Liquidity

Marketwise Inc's current ratio of 0.56 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 6/100, which could limit financial flexibility.

Cash Flow

Marketwise Inc has a free cash flow margin of 14.0%, earning a moderate score of 60/100. The company generates positive cash flow after capital investments, but with room for improvement.

Altman Z-Score Distress

1.26

Marketwise Inc scores 1.26, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Piotroski F-Score Weak

3/9

Marketwise Inc passes 3 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality Cash-Backed

8.18x

For every $1 of reported earnings, Marketwise Inc generates $8.18 in operating cash flow ($46.0M OCF vs $5.6M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$325.7M

YoY-20.3%

5Y CAGR-2.2%

Marketwise Inc generated $325.7M in revenue in fiscal year 2025. This represents a decrease of 20.3% from the prior year.

EBITDA

$64.8M

YoY-29.4%

Marketwise Inc's EBITDA was $64.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 29.4% from the prior year.

Net Income

$5.6M

YoY-20.4%

Marketwise Inc reported $5.6M in net income in fiscal year 2025. This represents a decrease of 20.4% from the prior year.

EPS (Diluted)

$2.31

YoY-35.5%

Marketwise Inc earned $2.31 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 35.5% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$45.6M

YoY+304.5%

5Y CAGR-3.9%

Marketwise Inc generated $45.6M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 304.5% from the prior year.

Cash & Debt

$70.1M

YoY-28.3%

5Y CAGR-9.3%

Marketwise Inc held $70.1M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

$0.60

Marketwise Inc paid $0.60 per share in dividends in fiscal year 2025.

Shares Outstanding

Marketwise Inc had 2M shares outstanding in fiscal year 2025.

Margins & Returns

Gross Margin

86.4%

YoY-1.2pp

5Y CAGR+28.8pp

Marketwise Inc's gross margin was 86.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 1.2 percentage points from the prior year.

Operating Margin

19.2%

YoY-2.5pp

5Y CAGR+167.1pp

Marketwise Inc's operating margin was 19.2% in fiscal year 2025, reflecting core business profitability. This is down 2.5 percentage points from the prior year.

Net Margin

1.7%

YoY+0.0pp

5Y CAGR+149.6pp

Marketwise Inc's net profit margin was 1.7% in fiscal year 2025, showing the share of revenue converted to profit. This is up 0.0 percentage points from the prior year.

Return on Equity

N/A

Capital Allocation

R&D Spending

$8.8M

YoY-11.0%

5Y CAGR+13.1%

Marketwise Inc invested $8.8M in research and development in fiscal year 2025. This represents a decrease of 11.0% from the prior year.

Share Buybacks

$3.4M

YoY-68.7%

Marketwise Inc spent $3.4M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 68.7% from the prior year.

Capital Expenditures

$391K

YoY+194.0%

5Y CAGR+6.2%

Marketwise Inc invested $391K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 194.0% from the prior year.

MKTW Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$325.7M-20.3%	$408.7M-8.8%	$448.2M-12.5%	$512.4M-6.7%	$549.2M+50.8%	$364.2M
Cost of Revenue	$44.3M-12.5%	$50.7M-10.8%	$56.8M-9.4%	$62.7M-73.8%	$239.3M+54.7%	$154.6M
Gross Profit	$281.4M-21.4%	$358.0M-8.5%	$391.4M-13.0%	$449.7M+45.1%	$309.9M+47.9%	$209.6M
R&D Expenses	$8.8M-11.0%	$9.9M+12.2%	$8.8M+0.2%	$8.8M+17.8%	$7.5M+57.0%	$4.8M
SG&A Expenses	$78.3M-13.7%	$90.7M-27.5%	$125.2M+9.0%	$114.8M-88.0%	$960.2M+82.3%	$526.6M
Operating Income	$62.6M-29.7%	$89.0M+71.8%	$51.8M-40.6%	$87.3M+109.0%	-$967.6M-79.6%	-$538.7M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$2.6M-21.4%	$3.3M+80.4%	$1.8M+21.0%	$1.5M-36.8%	$2.4M	$0
Net Income	$5.6M-20.4%	$7.1M+296.1%	$1.8M-90.1%	$18.0M+101.8%	-$1.0B-88.2%	-$538.4M
EPS (Diluted)	$2.31-35.5%	$3.58+234.6%	$1.07+46.6%	$0.73	N/A	N/A

Metric	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24
Revenue	$83.4M+2.6%	$81.3M+1.7%	$80.0M-4.3%	$83.5M-14.3%	$97.5M+0.3%	$97.2M-7.5%	$105.0M-3.6%	$109.0M
Cost of Revenue	$10.9M+2.4%	$10.6M-3.2%	$10.9M-8.3%	$11.9M+8.4%	$11.0M-14.6%	$12.9M-3.6%	$13.4M+0.1%	$13.4M
Gross Profit	$72.5M+2.6%	$70.7M+2.4%	$69.0M-3.6%	$71.6M-17.2%	$86.5M+2.6%	$84.3M-8.1%	$91.7M-4.1%	$95.6M
R&D Expenses	$2.2M+2.1%	$2.1M0.0%	$2.1M-8.7%	$2.3M-21.1%	$3.0M+13.8%	$2.6M+20.4%	$2.2M+1.0%	$2.1M
SG&A Expenses	$22.4M+19.5%	$18.8M-4.9%	$19.7M+13.9%	$17.3M-13.0%	$19.9M-11.4%	$22.5M-8.3%	$24.5M+3.0%	$23.8M
Operating Income	$13.2M-26.0%	$17.8M+20.3%	$14.8M-11.7%	$16.8M-30.7%	$24.2M+10.5%	$21.9M+2.7%	$21.3M-1.0%	$21.6M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	-$161K-115.1%	$1.1M+74.2%	$613K-40.9%	$1.0M+35.5%	$766K-21.3%	$973K+24.9%	$779K+6.0%	$735K
Net Income	$1.9M+28.1%	$1.5M+16.0%	$1.3M+45.7%	$890K-58.4%	$2.1M+24.3%	$1.7M+11.4%	$1.5M-6.8%	$1.7M
EPS (Diluted)	N/A	$0.58+9.4%	$0.53+29.3%	$0.41	N/A	$0.87+8.7%	$0.80-5.9%	$0.85

MKTW Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$218.4M-15.9%	$259.5M-34.6%	$396.6M-10.4%	$442.5M+5.0%	$421.6M+48.0%	$284.8M
Current Assets	$131.7M-22.0%	$168.8M-37.0%	$267.8M-4.1%	$279.2M+13.3%	$246.4M+36.4%	$180.6M
Cash & Equivalents	$70.1M-28.3%	$97.9M-36.9%	$155.2M-2.1%	$158.6M+14.0%	$139.1M+21.5%	$114.4M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$5.7M+205.0%	$1.9M-58.6%	$4.5M+12.1%	$4.0M-48.2%	$7.8M-37.0%	$12.4M
Goodwill	$30.0M0.0%	$30.0M-3.2%	$31.0M-0.9%	$31.3M+34.4%	$23.3M+28.7%	$18.1M
Total Liabilities	$230.1M-15.4%	$272.1M-33.3%	$407.6M-12.1%	$463.7M-1.4%	$470.1M+68.0%	$279.8M
Current Liabilities	$234.2M-10.0%	$260.2M-30.4%	$373.9M-3.0%	$385.5M-2.5%	$395.5M+14.5%	$345.5M
Long-Term Debt	N/A	N/A	$0	N/A	N/A	N/A
Total Equity	-$11.7M+6.8%	-$12.5M-13.1%	-$11.1M+47.7%	-$21.2M+56.3%	-$48.5M-1070.9%	$5.0M
Retained Earnings	-$113.7M+4.7%	-$119.3M+5.6%	-$126.3M+1.4%	-$128.1M+12.3%	-$146.1M-393.1%	-$29.6M

Metric	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24
Total Assets	$218.4M+8.3%	$201.7M-4.8%	$211.8M-11.6%	$239.6M-7.7%	$259.5M-6.8%	$278.4M-11.7%	$315.3M-12.2%	$359.3M
Current Assets	$131.7M+12.6%	$117.0M-10.0%	$130.0M-15.0%	$152.9M-9.4%	$168.8M-2.1%	$172.5M-13.1%	$198.5M-14.7%	$232.6M
Cash & Equivalents	$70.1M+38.8%	$50.5M-26.9%	$69.1M-12.7%	$79.2M-19.1%	$97.9M+4.0%	$94.1M-13.9%	$109.3M-16.6%	$131.2M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$5.7M+38.0%	$4.1M+1.9%	$4.1M-53.7%	$8.8M+368.5%	$1.9M-15.6%	$2.2M-50.3%	$4.5M+33.6%	$3.4M
Goodwill	$30.0M0.0%	$30.0M0.0%	$30.0M0.0%	$30.0M0.0%	$30.0M-10.5%	$33.6M0.0%	$33.6M0.0%	$33.6M
Total Liabilities	$230.1M+6.4%	$216.2M-5.0%	$227.5M-10.9%	$255.4M-6.1%	$272.1M-8.7%	$297.8M-12.1%	$339.0M-8.1%	$368.7M
Current Liabilities	$234.2M+2.2%	$229.2M-4.3%	$239.5M-3.5%	$248.2M-4.6%	$260.2M-8.4%	$284.0M-9.2%	$312.8M-6.3%	$333.9M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$707K
Total Equity	-$11.7M+19.5%	-$14.5M+7.9%	-$15.8M+0.3%	-$15.8M-26.1%	-$12.5M+35.6%	-$19.5M+17.7%	-$23.7M-152.7%	-$9.4M
Retained Earnings	-$113.7M+1.7%	-$115.6M+1.3%	-$117.1M+1.1%	-$118.4M+0.7%	-$119.3M+1.8%	-$121.4M+1.4%	-$123.1M+1.2%	-$124.7M

MKTW Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$46.0M+307.5%	-$22.1M-135.5%	$62.4M+29.1%	$48.4M-24.0%	$63.6M+13.9%	$55.9M
Capital Expenditures	$391K+194.0%	$133K+104.6%	$65K+85.7%	$35K-77.7%	$157K-45.9%	$290K
Free Cash Flow	$45.6M+304.5%	-$22.3M-135.7%	$62.4M+29.0%	$48.3M-23.8%	$63.5M+14.2%	$55.6M
Investing Cash Flow	-$1.6M-130.1%	-$681K+64.1%	-$1.9M+85.7%	-$13.2M-59.3%	-$8.3M+13.9%	-$9.6M
Financing Cash Flow	-$72.1M-109.3%	-$34.5M+46.1%	-$64.0M-295.0%	-$16.2M+47.2%	-$30.7M+70.3%	-$103.4M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$3.4M-68.7%	$10.8M	$0-100.0%	$13.1M+290.8%	$3.3M	$0

Metric	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24
Operating Cash Flow	$24.2M+1016.4%	$2.2M-87.8%	$17.8M+929.5%	$1.7M-71.0%	$6.0M+202.7%	-$5.8M-53.6%	-$3.8M+79.5%	-$18.5M
Capital Expenditures	$213K+1320.0%	$15K-87.3%	$118K+162.2%	$45K-44.4%	$81K+252.2%	$23K-20.7%	$29K	$0
Free Cash Flow	$24.0M+1014.3%	$2.2M-87.8%	$17.7M+950.0%	$1.7M-71.4%	$5.9M+200.9%	-$5.9M-53.0%	-$3.8M+79.3%	-$18.5M
Investing Cash Flow	-$529K-10.9%	-$477K-40.7%	-$339K-52.7%	-$222K-307.5%	$107K+367.5%	-$40K+91.9%	-$496K-96.8%	-$252K
Financing Cash Flow	-$4.1M+79.8%	-$20.2M+26.6%	-$27.6M-36.4%	-$20.2M-768.5%	-$2.3M+75.3%	-$9.4M+46.3%	-$17.5M-237.1%	-$5.2M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$478K-54.5%	$1.1M-43.3%	$1.9M	N/A	$0	$0	N/A	N/A

MKTW Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	86.4%-1.2pp	87.6%+0.3pp	87.3%-0.4pp	87.8%+31.3pp	56.4%-1.1pp	57.6%
Operating Margin	19.2%-2.5pp	21.8%+10.2pp	11.6%-5.5pp	17.0%+193.2pp	-176.2%-28.3pp	-147.9%
Net Margin	1.7%0.0pp	1.7%+1.3pp	0.4%-3.1pp	3.5%+188.0pp	-184.5%-36.7pp	-147.8%
Return on Equity	N/A	N/A	N/A	N/A	N/A	-10767.4%
Return on Assets	2.6%-0.1pp	2.7%+2.3pp	0.4%-3.6pp	4.1%+244.4pp	-240.4%-51.3pp	-189.0%
Current Ratio	0.56-0.1	0.65-0.1	0.720.0	0.72+0.1	0.62+0.1	0.52
Debt-to-Equity	-19.69+2.0	-21.70-21.7	0.00+21.9	-21.88-12.2	-9.68-65.6	55.96
FCF Margin	14.0%+19.4pp	-5.5%-19.4pp	13.9%+4.5pp	9.4%-2.1pp	11.6%-3.7pp	15.3%

Metric	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24
Gross Margin	87.0%+0.0pp	87.0%+0.7pp	86.3%+0.6pp	85.7%-3.0pp	88.7%+2.0pp	86.7%-0.5pp	87.3%-0.5pp	87.7%
Operating Margin	15.8%-6.1pp	21.9%+3.4pp	18.5%-1.6pp	20.1%-4.7pp	24.8%+2.3pp	22.5%+2.2pp	20.3%+0.5pp	19.8%
Net Margin	2.3%+0.5pp	1.8%+0.2pp	1.6%+0.5pp	1.1%-1.1pp	2.2%+0.4pp	1.8%+0.3pp	1.5%-0.1pp	1.5%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	0.9%+0.1pp	0.8%+0.1pp	0.6%+0.2pp	0.4%-0.5pp	0.8%+0.2pp	0.6%+0.1pp	0.5%+0.0pp	0.5%
Current Ratio	0.56+0.1	0.51-0.0	0.54-0.1	0.62-0.0	0.65+0.0	0.61-0.0	0.63-0.1	0.70
Debt-to-Equity	-19.69-4.8	-14.89-0.5	-14.44+1.7	-16.16+5.5	-21.70-6.4	-15.29-1.0	-14.32-14.2	-0.08
FCF Margin	28.8%+26.1pp	2.6%-19.5pp	22.2%+20.2pp	2.0%-4.0pp	6.1%+12.1pp	-6.0%-2.4pp	-3.6%+13.3pp	-17.0%

Note: Shareholder equity is negative (-$11.7M), 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 (0.56), 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 $325.7M in total revenue for fiscal year 2025. This represents a -20.3% 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 20.3% year-over-year, from $408.7M to $325.7M in fiscal year 2025.

Is Marketwise Inc profitable?

Yes, Marketwise Inc (MKTW) reported a net income of $5.6M in fiscal year 2025, with a net profit margin of 1.7%.

What is Marketwise Inc's EBITDA?

Marketwise Inc (MKTW) had EBITDA of $64.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Marketwise Inc's gross margin?

Marketwise Inc (MKTW) had a gross margin of 86.4% in fiscal year 2025, 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 19.2% in fiscal year 2025, 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 2025, representing the share of revenue converted into profit after all expenses.

Does Marketwise Inc pay dividends?

Yes, Marketwise Inc (MKTW) paid $0.60 per share in dividends during fiscal year 2025.

What is Marketwise Inc's free cash flow?

Marketwise Inc (MKTW) generated $45.6M in free cash flow during fiscal year 2025. This represents a 304.5% 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 $46.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Marketwise Inc's total assets?

Marketwise Inc (MKTW) had $218.4M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Marketwise Inc's capital expenditures?

Marketwise Inc (MKTW) invested $391K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Marketwise Inc spend on research and development?

Marketwise Inc (MKTW) invested $8.8M in research and development during fiscal year 2025.

Does Marketwise Inc buy back shares?

Yes, Marketwise Inc (MKTW) spent $3.4M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Marketwise Inc have outstanding?

Marketwise Inc (MKTW) had 2M shares outstanding as of fiscal year 2025.

What is Marketwise Inc's current ratio?

Marketwise Inc (MKTW) had a current ratio of 0.56 as of fiscal year 2025, 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 -19.69 as of fiscal year 2025, 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 2.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Why is Marketwise Inc's debt-to-equity ratio negative or unusual?

Marketwise Inc (MKTW) has negative shareholder equity of -$11.7M as of fiscal year 2025, 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 1.26, 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 3 out of 9, indicating weak 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 8.18x, considered cash-backed (high quality). 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 33 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.