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MARKETWISE, INC.

MKTW Clue Score52
United States Fiscal year ends December CIK 0001805651
$19.25 -2.58% Close, 9 Oct 2026
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Price $19.25 +170.37% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 14 Sep 2020. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2019Revenue265.4Operating income25.6Net income28.0Fiscal year 2020Revenue360.8 +35.9%Operating income−538.7Net income−538.4 −2,025.7%Fiscal year 2021Revenue549.2 +52.2%Operating income−967.6Net income−1,013.3Fiscal year 2022Revenue512.4 −6.7%Operating income87.3Net income18.0EPS, diluted0.73Fiscal year 2023Revenue448.2 −12.5%Operating income51.8Net income1.8 −90.1%EPS, diluted1.07Fiscal year 2024Revenue408.7 −8.8%Operating income89.0Net income7.1 +296.1%EPS, diluted3.58Fiscal year 2025Revenue328.1 −19.7%Operating income62.6Net income5.6 −20.4%EPS, diluted2.31
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 265.4 360.8 549.2 512.4 448.2 408.7 328.1
Growth +35.9% +52.2% −6.7% −12.5% −8.8% −19.7%
Operating income 25.6 −538.7 −967.6 87.3 51.8 89.0 62.6
Net income 28.0 −538.4 −1,013.3 18.0 1.8 7.1 5.6
Growth −2,025.7% −90.1% +296.1% −20.4%
EPS, diluted n/a n/a n/a 0.73 1.07 3.58 2.31

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2019Operating margin9.6%Net margin10.5%Free cash flow margin20.4%Fiscal year 2020Operating margin−149.3%Net margin−149.2%Free cash flow margin15.4%Fiscal year 2021Operating margin−176.2%Net margin−184.5%Free cash flow margin11.6%Fiscal year 2022Operating margin17.0%Net margin3.5%Free cash flow margin9.4%Fiscal year 2023Operating margin11.6%Net margin0.4%Free cash flow margin13.9%Fiscal year 2024Operating margin21.8%Net margin1.7%Free cash flow margin−5.5%Fiscal year 2025Operating margin19.1%Net margin1.7%Free cash flow margin13.9%
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin 9.6% −149.3% −176.2% 17.0% 11.6% 21.8% 19.1%
Net margin 10.5% −149.2% −184.5% 3.5% 0.4% 1.7% 1.7%
Free cash flow margin 20.4% 15.4% 11.6% 9.4% 13.9% −5.5% 13.9%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2019Operating cash flow54.2Capital expenditure−0.2Free cash flow54.0Buybacks0.0Fiscal year 2020Operating cash flow55.9Capital expenditure−0.3Free cash flow55.6 +2.9%Buybacks0.0Fiscal year 2021Operating cash flow63.6Capital expenditure−0.2Free cash flow63.5 +14.2%Buybacks−3.3Fiscal year 2022Operating cash flow48.4Capital expenditure−0.0Free cash flow48.3 −23.8%Buybacks−13.1Fiscal year 2023Operating cash flow62.4Capital expenditure−0.1Free cash flow62.4 +29.0%Buybacks0.0Fiscal year 2024Operating cash flow−22.2Capital expenditure−0.1Free cash flow−22.3 −135.7%Buybacks−10.8Fiscal year 2025Operating cash flow46.0Capital expenditure−0.4Free cash flow45.6Buybacks−3.4
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 54.2 55.9 63.6 48.4 62.4 −22.2 46.0
Capital expenditure −0.2 −0.3 −0.2 −0.0 −0.1 −0.1 −0.4
Free cash flow 54.0 55.6 63.5 48.3 62.4 −22.3 45.6
Growth +2.9% +14.2% −23.8% +29.0% −135.7%
Buybacks 0.0 0.0 −3.3 −13.1 0.0 −10.8 −3.4

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2019Cash170.5Fiscal year 2020Cash114.4Shareholders’ equity5.0Fiscal year 2021Cash139.1Shareholders’ equity−48.5Fiscal year 2022Cash158.6Shareholders’ equity−21.2Fiscal year 2023Cash155.2Total debt0.0Net cash (debt)155.2Shareholders’ equity−11.1Fiscal year 2024Cash97.9Shareholders’ equity−12.5Fiscal year 2025Cash70.1Shareholders’ equity−11.7
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 170.5 114.4 139.1 158.6 155.2 97.9 70.1
Total debt n/a n/a n/a n/a 0.0 n/a n/a
Net cash (debt) n/a n/a n/a n/a 155.2 n/a n/a
Shareholders’ equity n/a 5.0 −48.5 −21.2 −11.1 −12.5 −11.7

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
9.6% −149.3% −176.2% 17.0% 11.6% 21.8% 19.1%
10.5% −150.0% −173.3% 20.0% 12.5% 23.6% 20.3%
10.5% −149.2% −184.5% 3.5% 0.4% 1.7% 1.7%
20.4% 15.4% 11.6% 9.4% 13.9% −5.5% 13.9%
Spending
1.4% 1.3% 1.4% 1.7% 2.0% 2.4% 2.7%
34.5% 145.9% 174.8% 22.4% 27.9% 22.2% 23.9%
0.1% 0.1% 0.0% 0.0% 0.0% 0.0% 0.1%
0.0% n/a n/a 1.5% 3.2% 3.4% 3.8%
Returns
n/a −10,767.5% n/a n/a n/a n/a n/a
n/a −189.0% −240.4% 4.1% 0.4% 2.7% 2.6%
Balance and payout
n/a 423.2% 196.1% 167.4% 172.9% 184.0% 197.8%
0.0% 0.0% 5.3% 27.0% 0.0% n/a 7.4%