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. 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 A prior $17.25-per-share acquisition proposal from Monument & Cathedral Holdings was withdrawn after the board’s special committee concluded it undervalued the company.
MarketWise, Inc. (MKTW) describes itself as a multi-brand subscription platform providing digital financial research, software, education, and tools for self-directed investors. The company distributes content across desktop and mobile devices under brands such as Stansberry Research, Chaikin Analytics, Brownstone Research, InvestorPlace, TradeSmith, and Altimetry.
As of December 31, 2025, MarketWise reports approximately 374 thousand Paid Subscribers within a broader base of about 2 million total subscribers. It states that more than 50% of 2025 Billings came from subscribers who have been with the firm for over four years, and that software and analytical tool solutions represented 52% of 2025 Billings.
The company outlines growth strategies focused on acquiring new subscribers through data-driven, omni-channel marketing, deepening relationships via free and paid content, launching new products at varied price points, expanding AI-driven analytics, and selectively pursuing acquisitions and joint ventures. It highlights key risks including dependence on subscription renewals, intense competition from both free and paid financial content providers, technology and cybersecurity risks, payment processing and regulatory compliance requirements, and evolving data privacy and AI-related rules.
MarketWise, Inc. announced that its board declared both a higher regular quarterly cash dividend and a special cash dividend for holders of Class A common stock. The regular dividend is $0.25 per share and the special dividend is $0.20 per share, approved on March 2, 2026.
The new $0.25 regular dividend represents a 20% increase, and cumulative dividends declared over the last twelve months total $1.75 per share, which the company states equates to a 13% dividend yield based on the March 2, 2026 share price. A comparable $0.25 per-unit distribution was also approved for MarketWise, LLC unitholders.
The dividend and corresponding LLC distribution are scheduled to be paid on March 31, 2026 to shareholders and unitholders of record as of March 18, 2026. The company highlights its long-standing, digital subscription-based model serving self-directed investors as the backdrop for these cash returns.
MarketWise, Inc. announced that Monument & Cathedral Holdings has withdrawn its unsolicited, non-binding proposal to acquire all remaining MarketWise securities for $17.25 per share in cash, which had been contingent on terminating the company’s tax receivable agreement.
M&C pulled the offer after the Board’s Special Committee, advised by independent legal and financial advisors, indicated the price undervalued the stock. MarketWise is reaffirming its standalone strategy focused on profitable, high-margin subscription growth, efficiency, and capital returns via dividends and potential buybacks.
The company highlighted preliminary 2025 metrics, including a 42% year-over-year increase in fourth-quarter Billings and full-year Cash Flow from Operating Activities of $45 million, which exceeded guidance. Strong operations and balance sheet support a 13% cash dividend yield for 2025, and management plans to continue investing in product innovation, subscriber growth, and premium offerings.
Monument & Cathedral Holdings and its affiliates filed an amended ownership report on MarketWise, Inc., showing beneficial ownership of 6,983,620 shares of Class A common stock, or 74.3% of that class, based on the company’s latest share count. They also hold 6,983,620 shares of Class B common stock, or 51.3% of that class, through Monument and former equityholders subject to voting proxies.
The amendment discloses that Monument previously proposed to acquire all MarketWise equity it does not already own for $17.25 per share in cash, but has now formally withdrawn this proposal after what it describes as minimal substantive engagement from the board’s special committee. Despite withdrawing the bid, the reporting group states it may continue discussions with MarketWise, its board, financing sources, or other parties regarding possible extraordinary transactions and may buy, sell, or hedge additional securities depending on future circumstances.
MarketWise, Inc. filed a current report to let investors know it has released a press release with preliminary, selected unaudited financial and operational updates for the fourth quarter of 2025. The company states that this information is being furnished, not filed, which limits how it is treated under securities law. The press release is included as Exhibit 99.1 and incorporated by reference for those looking for the detailed numbers and performance metrics.
BlackRock, Inc. has disclosed a passive ownership stake in MarketWise, Inc. Class A stock. As of 12/31/2025, BlackRock reported beneficial ownership of 124,736 Class A shares, representing 5.2% of this share class. BlackRock has sole voting power over 122,313 shares and sole dispositive power over 124,736 shares, with no shared voting or dispositive power.
The filing states that the shares are held in the ordinary course of business and are not intended to change or influence control of MarketWise. Various underlying clients and accounts have rights to dividends or sale proceeds, but no single client holds more than five percent of the company’s outstanding common shares.
MarketWise, Inc. (MKTW) reported that a Special Committee of its Board has retained Centerview Partners LLC as financial advisor and Kirkland & Ellis LLP as legal advisor. The committee is evaluating an unsolicited, non-binding proposal from Monument & Cathedral Holdings, LLC and its affiliates to acquire all MarketWise equity interests they do not already own for cash consideration of $17.25 per share.
The Special Committee’s mandate is to review this proposal and any alternatives that may be available to the company. MarketWise cautions that there is no assurance any transaction will result from this review or what the timing, terms, or conditions of any transaction might be, and it does not plan to provide further updates unless appropriate or required.
MarketWise, Inc. (MKTW) furnished an earnings press release for Q3 ended September 30, 2025 under Item 2.02. The company announced that its third‑quarter results were released and attached as Exhibit 99.1. The information, including the exhibit, is being furnished and is not deemed filed under the Exchange Act, nor incorporated by reference into Securities Act filings except as specifically referenced.