← MARKETWISE, INC.
| Annual Trend | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Net income | $28.0m |
($541.1m)
-2032.95%
|
($953.9m)
-76.29%
|
$101.2m
+110.61%
|
$54.3m
-46.33%
|
$93.1m
+71.49%
|
$64.0m
-31.22%
|
$28.7m
-55.17%
|
|
| Depreciation and amortization | $2.3m | $2.6m | $2.7m | $3.1m | $3.8m | $2.8m | $2.2m | $2.2m | |
| Deferred taxes | $0 | $0 | $2.4m | $1.5m | $1.8m | $2.9m | $954k | — | |
| Stock-based compensation | $8.6m | $18.7m | $210.9m | $9.0m | $23.4m | $12.2m | $11.1m | $10.5m | |
| Impairment and other charges | — | — | $0 | $287k | $2.6m | $4.4m | $380k | — | |
| Accounts receivable | ($6.5m) | ($5.1m) | $4.6m | $3.8m | ($488k) | $2.7m | ($3.8m) | $1.1m | |
| Related party receivables and payables | ($13.8m) | ($4.7m) | ($1.2m) | ($982k) | ($2.3m) | $2.6m | $1.1m | — | |
| Trade and other payables | ($5.2m) | $22k | ($7.3m) | ($4.0m) | ($200k) | $3.5m | ($123k) | — | |
| Accrued expenses | $10.1m | $26k | $14.2m | ($477k) | $9.1m | ($31.8m) | $9.9m | $8.4m | |
| Deferred revenue | $36.7m | $178.8m | $175.6m | ($52.0m) | ($67.1m) | ($162.1m) | ($56.1m) | — | |
| Other current assets and other assets | ($335k) | ($841k) | ($744k) | ($543k) | $1.5m | $1.2m | $455k | — | |
| Other current and long-term liabilities | $4.9m | $10.1m | $5.3m | ($3.8m) | $1.3m | ($15.4m) | ($305k) | — | |
| Net cash provided by (used in) operating activities | $54.2m |
($592k)
-101.09%
|
$63.6m
+10841.28%
|
$48.4m
-23.98%
|
$62.4m
+29.05%
|
($22.1m)
-135.48%
|
$46.0m
+307.49%
|
$46.7m
+1.68%
|
|
| Purchases of property and equipment | ($177k) | ($290k) | ($157k) | ($35k) | ($65k) | ($133k) | ($391k) | ($2.6m) | |
| Cash paid for acquisitions, net of cash acquired | ($1.5m) | $0 | ($7.1m) | ($12.8m) | ($170k) | $0 | $0 | — | |
| Net cash used in investing activities | $12.4m | ($414.0m) | ($8.3m) | ($13.2m) | ($1.9m) | ($681k) | ($1.6m) | ($2.6m) | |
| Proceeds from issuance of common stock | — | $0 | $0 | $827k | $678k | $301k | $418k | $278k | |
| Dividends paid | — | — | $0 | $0 | ($5.7m) | ($1.5m) | ($4.8m) | ($4.3m) | |
| Net cash used in financing activities | ($27.3m) |
$415.5m
+1619.53%
|
($30.7m)
-107.38%
|
($16.2m)
+47.22%
|
($64.0m)
-294.97%
|
($34.5m)
+46.12%
|
($72.1m)
-109.26%
|
($80.3m)
-11.32%
|
|
| Cash, cash equivalents and restricted cash — beginning of period | $172.1m | $114.9m | $139.6m | $158.6m | $155.2m | $97.9m | $70.1m | — | |
| Net decrease in cash, cash equivalents and restricted cash | $39.2m | ($57.2m) | $24.7m | $19.0m | ($3.4m) | ($57.3m) | ($27.7m) | — | |
| Effect of exchange rate changes on cash | ($41k) | ($14k) | $8k | $53k | $21k | ($9k) | ($20k) | ($36k) | |
| Additional Supplementary Disclosures | |||||||||
| Additional Supplementary Disclosures | |||||||||
| Change in fair value of contingent consideration | — | — | — | $0 | $0 | $507k | ($1.2m) | — | |
| Change in fair value of derivative liabilities – other | $478k | $3.1m | ($18.0m) | ($15.7m) | $1.8m | $0 | $0 | — | |
| Unrealized (gains) losses on foreign currency | ($131k) | $0 | ($38k) | ($97k) | $23k | ($18k) | ($20k) | — | |
| Other gains | — | — | — | — | $0 | $0 | ($2.2m) | — | |
| Noncash lease expense | $3.1m | $2.6m | $1.9m | $1.9m | $2.1m | $2.1m | $3.2m | — | |
| (Gain) loss on sale of business | — | — | $0 | $0 | $1.6m | ($2.0m) | $0 | $0 | |
| Prepaid expenses | ($2.0m) | ($329k) | ($4.5m) | $1.3m | $2.4m | ($746k) | ($748k) | — | |
| Deferred contract acquisition costs | ($6.8m) | ($64.9m) | ($95.8m) | $5.5m | $31.3m | $63.5m | $20.5m | — | |
| Derivative liabilities | $0 | $0 | $662k | $0 | ($3.1m) | $0 | $0 | — | |
| Operating lease liabilities | ($2.5m) | ($2.1m) | ($1.2m) | ($1.7m) | ($1.5m) | ($1.4m) | ($3.3m) | — | |
| Capitalized software development costs | ($752k) | $0 | ($123k) | ($136k) | ($1.7m) | ($548k) | ($1.2m) | — | |
| Shares and restricted stock units withheld to pay taxes | — | $0 | $0 | ($515k) | ($6.0m) | ($1.4m) | ($2.4m) | — | |
| Repurchases of stock | $0 | $0 | ($3.3m) | ($13.1m) | $0 | ($10.8m) | ($3.4m) | — | |
| Tax distributions to noncontrolling interests | — | — | — | — | ($3.4m) | ($9.6m) | ($49.8m) | — | |
| Other distributions to noncontrolling interests | — | — | ($5.5m) | ($4.6m) | ($52.9m) | ($21.1m) | ($12.2m) | — |