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. reported that its General Counsel, Scott Daniel Forney, received an award of 2,000 shares of Class A Common Stock in the form of restricted stock units. These RSUs will vest in four equal annual installments beginning on March 15, 2027, providing time-based equity compensation.
The filing also shows 805 shares of Class A Common Stock withheld by the company at $14.15 per share to cover tax obligations tied to the vesting and net settlement of previously reported RSUs, which is explicitly described as not a sale. Following these transactions, Forney directly holds 21,291 shares of Class A Common Stock, including 857 shares acquired through the company’s employee stock purchase plan on December 31, 2025.
MARKETWISE, INC. Chief Financial Officer Erik Mickels reported an equity compensation grant and related tax withholding in Class A common stock. He received an award of 43,911 restricted stock units, which will vest in four equal annual installments beginning on March 15, 2027.
To cover tax obligations from the vesting and net settlement of previously reported restricted stock units, 5,284 shares were withheld by the company at a reference price of $14.15 per share. After these transactions, Mickels directly holds 95,064 shares of Class A common stock.
MARKETWISE, INC. Controller Steven Andrew Kaufman reported a routine tax-related share disposition. On March 13, 2026, 350 shares of Class A Common Stock at $14.15 per share were withheld by the company to satisfy tax obligations from vesting restricted stock units. After this withholding, Kaufman directly owned 8,500 shares of Class A Common Stock.
MarketWise, Inc. Chief Information Officer Marco Galsim reported a routine tax-related share disposition. On the vesting and net settlement of previously reported restricted stock units, 2,288 shares of Class A Common Stock were withheld by the company at $14.15 per share to satisfy tax obligations. This is explicitly noted as not an open-market sale by Galsim. After this withholding, he directly holds 32,379 shares of Class A Common Stock, which includes 411 shares acquired under the employee stock purchase plan on December 31, 2025.
MarketWise, Inc. released an updated investor presentation detailing FY 2025 performance and FY 2026 targets. FY 2025 Billings were $271M, up 13% versus 2024, while GAAP net revenue was $328.1M, down 20%. GAAP net income was $64.0M, a 31% decline, but cash flow from operations improved to $46.0M from a ($22.2M) use in 2024. Q4 2025 Billings of about $79M grew 42% year over year, and year-end cash was $70.1M with no debt. The company highlighted a FY 2026 Billings target of roughly $300M, CFFO of about $50M, and a planned dividend of $1.80 per Class A share, emphasizing a mix of growth, margin expansion, and shareholder returns.
MARKETWISE, INC. Chief Financial Officer Erik Mickels reported open-market sales of a total of 10,000 shares of Class A common stock. He sold 3,334 shares on March 10 at a weighted average price of $15.20 per share and 6,666 shares on March 11 at a weighted average price of $14.73 per share. Following these transactions, he directly holds 56,437 shares. The reported prices are weighted averages from multiple trades within ranges of $14.96 to $15.40 and $14.63 to $14.87.
MKTW reporting a Form 144 notice that a holder, Erik A. Mickels, offered 3,334 shares of Class A for sale and reported proceeds of $50,669.09 in its selling activity dated 03/10/2026. The filing lists earlier scheduled restricted stock vestings on 09/08/2023, 03/21/2024, and 07/01/2025.
MKTW filed an amended Form 144/A reporting a proposed sale of Class A shares. The amendment lists 3,334 Class A shares tied to restricted stock vesting with an event date of 03/14/2025. The filing shows a broker address for Fidelity Brokerage Services LLC and cites 03/10/2026 and NASDAQ as the market.
MarketWise, Inc. reported fourth-quarter 2025 net revenue of $83.4 million and net income of $14.0 million, with Billings of $78.9 million, up 42% year over year. Cash from operating activities improved sharply, reaching $24.2 million in the quarter and $46.0 million for full year 2025, compared with $(22.2) million in 2024.
For full year 2025, total net revenue was $328.1 million versus $408.7 million in 2024, while Billings rose to $271.2 million from $239.1 million. Net income was $64.0 million versus $93.1 million a year earlier. Despite fewer paid subscribers, ARPU increased to $670 as the company focused on higher-priced products and higher-value customers.
The company exceeded its 2025 guidance for Billings and CFFO and raised its 2026 targets to Billings of approximately $300 million and CFFO of approximately $50 million. The board increased the regular dividend by 25% and is targeting $1.80 per Class A share in 2026 dividends, alongside resuming a $50 million share repurchase program after filing its 2025 annual report. A prior $17.25-per-share acquisition proposal from Monument & Cathedral Holdings was withdrawn after the board’s special committee concluded it undervalued the company.