MarketWise, Inc. (MKTW)

From the record

MarketWise, Inc.'s filings since 2020 show 11 warning events of 4 kinds: a notice about its exchange listing (8-K item 3.01, 7 times, the latest 2025-03-31); a warning not to rely on past financial statements (8-K item 4.02, the latest 2021-05-10); an auditor change (8-K item 4.01, 2 times, the latest 2025-03-17); a late-report notice (Form NT 10-K or NT 10-Q, the latest 2021-05-18) (its current reports).

From the record

MarketWise, Inc.'s 7 filed years say what it did: revenue went from $265 million in fiscal 2019 to $328 million in fiscal 2025, up 3.6% a year; it rose in 2 of 6 years; the deepest fall was 40% from fiscal 2021 to fiscal 2025; net income was positive in 5 of 7 of those years (its annual reports).

From the record

Over the 3 fiscal years to 2025-12-31, MarketWise, Inc.'s diluted share count grew about 25.3% a year, and dividends and buybacks returned about 16% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 8 sales and 15 purchases of their own stock on the open market in the year to 2026-09-30, buying about $3 million (their Form 4 filings).

From the record

Return on equity: in the fiscal year ended 2025-12-31, MarketWise, Inc.'s shareholders' equity was below zero, so the profit on it is not read, and gross profitability: its products earned about 130 cents per dollar of everything the company owns (revenue less the cost of revenue). Leverage: it owed about 105 cents per dollar of assets, and net share issuance: its share count grew 23.6% over the year (the filed statements).

From the record

MarketWise, Inc.'s standing among 218 graded names in its industry family: revenue of $328 million in fiscal 2025 ranks in the bottom 43% by size; a net margin of 1.7% ranks in the top 43%; revenue growth of -13.8% a year over the last 3 filed years ranks in the bottom 7% (its annual reports).

From the record

MarketWise, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Eifrig, David (Chief Executive Officer, as filed), filing under that title since 2025-10-06, 1.1 years (bottom 17% of its family); the 11 officers and directors filing in the last fifteen months have been on the record a median of 3.5 years (bottom 20%); 7 officer or director changes were reported on Form 8-K since 2023-11-13, against the 11 people in charge now (bottom 37%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

From the record

MarketWise, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $70 million against no long-term debt tagged leaves 32.1% of its assets as net cash, top 21% of its family; cash from operations less capital spending is 13.9% of revenue (bottom 50%); a gross margin of 86.5% (top 8%); research spending of 2.7% of revenue (bottom 2%) (its annual report).

From the record

MarketWise, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew -13.8% a year over the last three filed years against 3.6% over all 7, slowing (bottom 21% of its family); the newest year grew -19.7% (bottom 8%); research spending grew -0% a year (bottom 31%); capital spending grew 123.5% a year (top 4%) (its annual reports). MarketWise, Inc. reported 2 product lines in fiscal 2025: Subscription and Circulation at $323 million (100%), Advertising at $45 thousand (0%); 0 of 2 grew against the year before (its annual report).

From the record

MarketWise, Inc.'s newest year against its own record: revenue of $328 million in fiscal 2025 came in 10.1% below the $365 million its prior three years' pace pointed to (bottom 15% of its family); net income of $6 million against a prior three-year average of $9 million (bottom 17%); a net margin of 1.7% against 1.9% before (bottom 27%) (its annual reports).