← MARKETWISE, INC.
| Annual Trend | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Total net revenue | $272.2m | $364.2m | $549.2m | $512.4m | $448.2m | $408.7m | $328.1m | — | |
| Cost of revenue | $42.6m |
$154.6m
+263.32%
|
$239.3m
+54.75%
|
$62.7m
-73.79%
|
$56.8m
-9.40%
|
$50.7m
-10.81%
|
$44.3m
-12.49%
|
$43.7m
-1.41%
|
|
| Research and development | $3.7m | $4.8m | $7.5m | $8.8m | $8.8m | $9.9m | $8.8m | $9.4m | |
| Sales and marketing | $106.1m | $214.3m | $296.9m | $235.3m | $198.6m | $160.7m | $131.0m | — | |
| General and administrative | $91.7m | $300k | $960.2m | $114.8m | $125.2m | $90.7m | $78.3m | $88.6m | |
| Total operating expenses | $246.7m | $902.9m | $1.5b | $425.1m | $396.4m | $319.7m | $265.5m | $248.1m | |
| Income from operations | $25.6m |
($350k)
-101.37%
|
($967.6m)
-276455.49%
|
$87.3m
+109.02%
|
$51.8m
-40.65%
|
$89.0m
+71.77%
|
$62.6m
-29.66%
|
$25.7m
-59.02%
|
|
| Interest income, net | $1.6m | $477k | ($110k) | ($295k) | $4.9m | $5.3m | $3.0m | — | |
| Other income (expense), net | $865k | ($2.9m) | $16.2m | $15.7m | ($611k) | $2.1m | $1.0m | $1.8m | |
| Income before income taxes | $28.0m | ($541.1m) | ($951.5m) | $102.7m | $56.1m | $96.4m | $66.6m | $29.5m | |
| Income tax expense | $0 | $0 | $2.4m | $1.5m | $1.8m | $3.3m | $2.6m | $813k | |
| 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%
|
$2.2m
-96.52%
|
|
| Net income attributable to MarketWise, Inc. | $28.0m | ($140k) | ($1.0b) | $18.0m | $1.8m | $7.1m | $5.6m | $2.2m | |
| Net income attributable to noncontrolling interests | $36k | ($2.7m) | $59.4m | $83.2m | $52.5m | $86.0m | $58.4m | — | |
| Earnings per share – basic (USD per share) | — | — | — | $0.73 | $0.06 | $0.18 | $2.41 | $0.95 | |
| Earnings per share – diluted (USD per share) | — | ($0.02) | — | $0.73 | $0.05 | $0.18 | $2.31 | $0.89 | |
| Weighted average shares outstanding – basic (in shares) | — | — | — | 24.6m | 31.7m | 38.3m | 2.3m | — | |
| Weighted average shares outstanding – diluted (in shares) | — | — | — | 24.7m | 33.3m | 39.4m | 2.4m | — | |
| Depreciation and amortization | $2.3m | $2.6m | $2.7m | $3.1m | $3.8m | $2.8m | $2.2m | $2.2m | |
| Impairment losses | — | — | $0 | $0 | $2.6m | $4.4m | $380k | — | |
| Related party expense | $331k | $122k | $10.2m | $379k | $572k | $525k | $564k | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.