Here are the 10-Q quarterly reports from MarketWise, Inc. (MKTW) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow MKTW and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full MKTW filings page.
MarketWise, Inc. (MKTW) reported third-quarter 2026 total net revenue of $80.090 million, versus $81.271 million a year earlier, and consolidated net income of $15.059 million, versus $17.915 million. Net income attributable to MarketWise, Inc. was $1.545 million, compared with $1.505 million.
Net cash provided by operating activities was $7.840 million, compared with $2.169 million in the prior-year quarter. Total Billings, amounts invoiced to customers, were $80.741 million, up 26.8%. Paid subscribers totaled 389,062, up 2.8% year over year, and average revenue per user was $860, up 51.9%. Management said it reduced third-quarter marketing spend to focus on monetizing existing subscribers; paid subscribers were down 2.7% from June 30, 2026.
Cash and cash equivalents were $27.388 million at September 30, 2026, and the company reported no debt outstanding. Remaining performance obligations were $386.6 million, presented as deferred revenue; the company expects to recognize approximately 48% over the next twelve months. On April 22, 2026, MarketWise, Inc. and MarketWise, LLC made a one-time $12.2 million cash payment to Mark P. Arnold, the former Chief Executive Officer; Arnold and JAMA 2021, LLC surrendered 520,867 MarketWise, LLC units and corresponding Class B shares.
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.
MarketWise, Inc. reported a mixed first quarter of 2026. Total net revenue was $77.0 million, down from $83.5 million a year earlier, as the company shifted away from its Legacy Research business. Despite lower revenue, Billings reached $81.4 million, a 15.5% increase that reflects stronger sales activity, particularly in software-related offerings and higher-value products.
The company posted a small net loss of $0.6 million compared with net income of $16.8 million in the prior-year quarter, as sales and marketing and general and administrative expenses rose. Cash from operating activities was a negative $2.1 million, versus a positive $1.7 million a year ago, while cash and cash equivalents stood at $52.7 million with no debt outstanding. Paid Subscribers fell 19.4% to 381,000, but average revenue per user climbed 76% to $738, showing a shift toward more valuable, higher-spending customers.
MarketWise, Inc. reported Q3 2025 results. Total net revenue was $81.3 million, down from $97.2 million a year ago, as subscription revenue softened. Income from operations was $17.8 million versus $21.9 million, and net income was $17.9 million compared with $22.7 million. Diluted EPS was $0.58 ($0.87 prior year).
Cash and cash equivalents were $50.5 million at September 30, 2025. Year‑to‑date operating cash flow improved to $21.7 million from a use of $28.1 million last year. Deferred revenue was $373.1 million (current $186.8 million; noncurrent $186.2 million), and remaining performance obligations totaled $374.9 million, about half expected to be recognized over the next twelve months. The company completed a 1‑for‑20 reverse stock split in April 2025, paid regular and special dividends during the period, and repurchased Class A shares. MarketWise, Inc. held a 15.3% ownership interest in MarketWise, LLC as of September 30, 2025.