Welcome to our dedicated page for MARKETWISE SEC filings (Ticker: MKTW), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
MarketWise, Inc. filings document the public-company disclosures of a digital financial research and subscription services business. Its Form 8-K reports cover earnings releases, preliminary operating updates, Regulation FD investor presentations, dividend and distribution announcements, share repurchase authorizations, and other material events.
The filing record also includes proxy materials describing governance matters and company strategy, as well as material-agreement disclosures involving MarketWise, LLC units, Class B common stock, the tax receivables agreement and resolved arbitration matters. These documents frame the company’s capital structure, board actions, shareholder voting matters, operating performance, and risk disclosures for its Class A common stock.
MarketWise, Inc. filed an amendment detailing the outcome of its 2026 advisory vote on the frequency of stockholder “say-on-pay” votes and the resulting board decision. At the 2026 Annual Meeting, stockholders cast 7,615,818 shares in favor of holding say‑on‑pay votes every one year, 99,163 for every two years, and 5,879,057 for every three years, with 29,690 abstentions and 1,040,623 broker non‑votes. Based on these results, the board has determined that say‑on‑pay votes will be held on an annual basis until the next required advisory vote on frequency, which the company expects to hold at its 2032 Annual Meeting of Stockholders.
MarketWise, Inc. reported strong second quarter 2026 operating activity, with Billings of $91.2 million, a 57% year-over-year increase and the highest quarterly level since 2023. Cash from Operating Activities (CFFO) was $22.4 million, up 25.7% year over year, while Total Net Revenue was $75.8 million, down 5.2%. The company recorded a net loss of $2.6 million, primarily linked to the timing of deferred revenue recognition and higher sales and marketing costs. Paid Subscribers reached 400 thousand at June 30, 2026, up from 381 thousand at March 31, 2026, and Active Free Subscribers were 2.1 million.
Cash and cash equivalents were $33 million at June 30, 2026, after a $12.2 million April 2026 cash disbursement tied to a legal settlement and repurchase of 3% of total shares outstanding. The company raised its FY 2026 Billings target by 10% to $330 million, implying 21.7% growth versus FY 2025, and guided to FY 2026 CFFO of approximately $50 million. MarketWise affirmed its total 2026 dividend target of $1.80 per Class A share, following $0.45 per share dividends paid in the quarter. Management emphasized Billings as a more current indicator of demand than GAAP Net Revenue, noting Billings growth significantly outpaced reported revenue.
MarketWise, Inc. reported Q2 2026 net revenue of $75.8 million, down 5.2% year over year, while Billings rose 56.7% to $91.2 million as customer acquisition spending increased. Operating expenses grew sharply, leading to a $4.3 million loss from operations and a $2.6 million net loss versus $15.3 million net income a year earlier; first‑half net loss was $3.2 million versus $32.2 million net income in 2025.
Q2 operating cash flow increased 25.7% to $22.4 million, with free cash flow of $21.4 million. Cash and equivalents fell to $32.9 million at June 30, 2026 from $70.1 million at year‑end, driven by $55.9 million of financing outflows including tax distributions to noncontrolling interests, a $12.2 million legal settlement with the former CEO, dividends on Class A shares, and share repurchases. The company has no debt but shows a consolidated stockholders’ deficit of $267,270 (in thousands), alongside $386.8 million of remaining performance obligations.
Paid Subscribers grew 1.5% year over year to 399,866, while Active Free Subscribers declined 6.1% to 2.1 million as free offerings were streamlined. ARPU rose 73.3% to $822, reflecting higher‑value products and software; 60% of Paid Subscribers are high‑value and 28% ultra high‑value customers.
BlackRock, Inc. reports beneficial ownership of Class A stock of MarketWise, Inc. on a Schedule 13G. BlackRock reports beneficially owning 145,766 shares of MarketWise Class A stock, representing 5.5% of this class.
BlackRock has sole voting power over 143,343 shares and sole dispositive power over 145,766 shares, with no shared voting or dispositive power. Various underlying clients have rights to dividends or sale proceeds, but no single client holds more than five percent of MarketWise’s outstanding common shares.
MarketWise, Inc. reported preliminary, unaudited operating updates for the second quarter of 2026. Billings were approximately $91 million, a 56% year-over-year increase and the highest quarterly level since 2023, driven by higher customer acquisition, improved retention, and strong uptake of higher-priced products.
Paid Subscribers reached 400 thousand at June 30, 2026, up from 374 thousand at December 31, 2025, with 2.1 million Active Free Subscribers. Preliminary ARPU was $821 at June 30, 2026, up from $474 a year earlier, a 73% increase. Full-year 2026 Billings guidance was raised 10% to $330 million, representing a 21.7% increase versus 2025.
Cash and cash equivalents were $33 million at June 30, 2026 after a $12.2 million legal settlement that included redeeming about 3% of outstanding shares and terminating related Tax Receivable Agreement rights. Dividends to Class A shareholders were $0.45 per share in the quarter, and the $1.80 per share full-year dividend target was reaffirmed. Total Class A and Class B shares outstanding were 15,651,315 as of June 30, 2026.
MARKETWISE, INC. Chief Information Officer Marco Galsim reported a Form 4 showing share withholding for taxes rather than an open-market sale. On this event, 3,294 shares of Class A Common Stock were withheld by the company to satisfy tax obligations tied to vesting restricted stock units.
After the withholding, Galsim directly holds 39,495 Class A shares. The position also includes 410 shares acquired through the company’s employee stock purchase plan as of June 30, 2026, reflecting ongoing equity participation alongside routine tax-related share reductions.
MARKETWISE, INC. General Counsel Scott Daniel Forney reported a disposition of 711 shares of Class A Common Stock at $19.14 per share. According to a footnote, these shares were withheld by the company to cover tax obligations tied to the vesting and net settlement of previously reported restricted stock units, rather than sold by Forney in the market. After this tax withholding event, Forney directly holds 21,459 shares, which includes 879 shares acquired through the company’s employee stock purchase plan on June 30, 2026.
MARKETWISE, INC. Chief Financial Officer Erik Mickels reported a transaction involving Class A Common Stock tied to the vesting of previously reported restricted stock units. A total of 3,973 shares were withheld by the company at a price of $19.14 per share to cover tax withholding and remittance obligations.
These withheld shares are characterized in the filing as not being a sale of shares by Mickels but rather a tax-related disposition by the issuer in connection with the net settlement of vested restricted stock units. Following this transaction, Mickels directly holds 75,091 shares of Class A Common Stock.
MARKETWISE, INC. director Van D. Simmons reported an acquisition of 7,525 shares of Class A Common Stock in the form of restricted stock units granted at no cash cost. After this award, he directly holds 25,685 shares. The RSUs will vest on the earlier of the day immediately preceding the 2027 Annual Meeting of Shareholders or June 4, 2027, as long as he continues serving on the board through that vesting date.
MARKETWISE, INC. director Matthew Tate Smith reported an acquisition of 7,525 shares of Class A Common Stock through a restricted stock unit award. These RSUs vest on the earlier of the day before the 2027 Annual Meeting of Shareholders or June 4, 2027, if he remains on the board. Following this grant, he holds 22,485 shares directly.