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MARKETWISE, INC. (MKTW) Annual Reports

Q: Where can I read MARKETWISE, INC. (MKTW) annual reports?

Every year on this page links straight to the full text on SEC EDGAR. US annual reports are web pages (HTML) rather than PDFs, so you can read and search them in the browser. 3 filings are currently indexed.

Q: What is the difference between a 10-K and a 20-F?

A 10-K is the annual report of a US domestic issuer; a 20-F is filed by foreign private issuers (Taiwanese companies with US ADRs, such as TSMC, file 20-F). A 40-F applies to Canadian issuers under the MJDS.

MARKETWISE, INC. is listed on Nasdaq, classified by the SEC under Services-Prepackaged Software (SIC 7372). This page indexes 3 annual reports, each linking to the full text on the SEC's EDGAR system.

Company profile

Exchange： Nasdaq
Fiscal year end： 12/31
SEC CIK： 1805651 →

Website：Official site ↗

Financial Highlights

FY2026 Q2 (quarterly, ended 2026-06-30)
	Current	Prior year	YoY
Revenue	$75.8M	$80.0M	-5.2%
Operating income	$-4.3M	$14.8M	-128.7%
Net income	$-629,000	$1.3M	-148.5%
EPS (diluted)	$-0.24	$0.53	-145.3%

Source: SEC EDGAR (XBRL company facts)

Financial history

Revenue & profit

Quarterly · In mn (USD)

Revenue 75.8 mn Net income -0.63 mn

Show table：Income statement

Item	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
Revenue	265	—	—	97.1	106	119	142	—	140	146	137	127	119	127	126	104	106	112	109	105	97.2	97.5	83.5	80.0	81.3	83.4	77.0	75.8
Operating income	25.6	—	-0.03	-0.13	-0.17	-0.48	-2.99	—	-373	29.3	17.4	23.4	21.7	24.8	30.6	8.92	11.0	1.24	21.6	21.3	21.9	24.2	16.8	14.8	17.8	13.2	-1.10	-4.26
Net income	28.0	-0.02	-0.03	-0.04	-0.05	21.7	-21.8	-409	9.68	8.57	5.83	11.9	-4.01	4.30	1.47	0.04	0.14	0.14	1.66	1.54	1.72	2.14	0.89	1.30	1.51	1.93	-0.57	-0.63

Balance sheet

Quarterly · In mn (USD)

Total assets 186 mn Total liabilities 453 mn

Equity = assets − liabilities. Balance-sheet figures are period-end balances, not cumulative.

Show table：Balance sheet

Item	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
Current assets	—	—	—	1.33	1.19	0.97	0.64	—	236	246	245	262	265	279	281	304	313	268	233	198	173	169	153	130	117	132	112	87.2
Total assets	—	—	—	415	415	415	415	—	403	422	416	427	435	443	432	446	452	397	359	315	278	260	240	212	202	218	202	186
Current liabilities	—	—	—	0.12	0.14	0.39	3.06	—	434	395	386	386	384	386	334	355	362	374	334	313	284	260	248	240	229	234	229	248
Total liabilities	—	—	—	14.6	14.6	46.5	68.0	—	845	827	810	786	763	741	696	703	699	686	629	579	525	477	457	439	428	432	429	453
Equity	—	0.01	-0.02	5.00	5.00	5.00	5.00	—	-58.4	-48.5	-51.6	-38.4	-27.7	-21.2	-16.6	-14.4	-13.3	-11.1	-9.37	-23.7	-19.5	-12.5	-15.8	-15.8	-14.5	-11.7	-12.2	-33.5

Cash flow

Quarterly · In mn (USD)

Operating 22.4 mn Investing -1.02 mn Financing -41.1 mn

Positive = cash in, negative = cash out.

Show table：Cash flow statement

Item	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
Operating	54.2	—	—	-0.5	-0.09	-0.17	-0.28	—	59.1	5.01	1.07	26.8	9.90	10.6	3.87	29.0	12.1	17.5	-18.5	-3.79	-5.83	5.99	1.73	17.8	2.17	24.2	-2.08	22.4
Investing	12.4	—	—	-414	0	-7.83	-0.24	—	-0.12	-0.11	-0.04	-0.06	-13.1	0	-0.39	-0.56	-0.7	-0.24	-0.25	-0.5	-0.04	0.11	-0.22	-0.34	-0.48	-0.53	-0.6	-1.02
Financing	-27.3	—	—	415	0	-14.2	-1.76	—	-11.3	-3.45	-14.3	-1.69	-0.74	0.6	-0.61	-2.82	-4.38	-56.1	-5.20	-17.5	-9.41	-2.33	-20.2	-27.6	-20.2	-4.09	-14.8	-41.1
Cash at period end	171	—	—	0.95	0.86	0.7	0.42	—	138	139	126	151	147	159	161	187	194	155	131	109	94.1	97.9	79.2	69.1	50.5	70.1	52.7	32.9

Profitability

Quarterly · %

Operating margin -5.6% Net margin -0.8%

Gross, operating and net margin = the respective profit ÷ revenue.

Show table：Profitability

Item	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
Operating margin	9.6%	—	—	-0.1%	-0.2%	-0.4%	-2.1%	—	-265.7%	20.0%	12.8%	18.3%	18.2%	19.6%	24.4%	8.6%	10.4%	1.1%	19.8%	20.3%	22.5%	24.8%	20.1%	18.5%	21.9%	15.8%	-1.4%	-5.6%
Net margin	10.5%	—	—	-0.1%	-0.1%	18.2%	-15.4%	—	6.9%	5.9%	4.3%	9.3%	-3.4%	3.4%	1.2%	0.0%	0.1%	0.1%	1.5%	1.5%	1.8%	2.2%	1.1%	1.6%	1.9%	2.3%	-0.7%	-0.8%

Returns & leverage

Quarterly · %

ROE -8.1% ROA 1.1% Debt ratio 243.8%

ROE / ROA = trailing four-quarter net income ÷ average equity / total assets (annual mode: the year’s net income ÷ average of opening and closing). Not computed when the denominator is zero or negative.

Show table：Returns & leverage

Item	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
ROE	—	—	—	557.3%	-2.8%	862.2%	-8.1%	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
ROA	—	—	—	6.7%	-0.0%	5.2%	-0.1%	—	-97.6%	-98.7%	-92.7%	8.4%	5.3%	4.2%	3.2%	0.4%	1.3%	0.4%	0.5%	0.9%	1.4%	2.1%	2.1%	2.3%	2.4%	2.4%	1.9%	1.1%
Debt ratio	—	—	—	3.5%	3.5%	11.2%	16.4%	—	209.5%	196.1%	194.6%	184.3%	175.4%	167.4%	161.3%	157.7%	154.6%	172.9%	175.0%	183.7%	188.8%	184.0%	190.9%	207.2%	212.1%	197.8%	212.4%	243.8%

EPS

Quarterly · US$

EPS US$-0.24

Show table：EPS

Item	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
EPS（US$）	—	—	—	—	—	—	—	—	0.39	0.34	0.24	0.53	-0.17	0.14	0.05	0.00	0.00	0.00	0.04	0.04	0.04	0.05	0.41	0.53	0.58	0.77	-0.23	-0.24

Revenue & profit

Year-to-date · In mn (USD)

Revenue 153 mn Net income -1.20 mn

Year-to-date = summed from the first quarter of the fiscal year; balance-sheet items are period-end balances.

Balance sheet

Year-to-date · In mn (USD)

Total assets 186 mn Total liabilities 453 mn

Equity = assets − liabilities. Balance-sheet figures are period-end balances, not cumulative.

Cash flow

Year-to-date · In mn (USD)

Operating 20.4 mn Investing -1.62 mn Financing -55.9 mn

Positive = cash in, negative = cash out.

Profitability

Year-to-date · %

Operating margin -3.5% Net margin -0.8%

Gross, operating and net margin = the respective profit ÷ revenue.

Returns & leverage

Year-to-date · %

ROE -8.1% ROA 1.1% Debt ratio 243.8%

EPS

Year-to-date · US$

EPS US$-0.47

Revenue & profit

Annual · In mn (USD)

Revenue 328 mn Net income 5.62 mn

Annual = sum of four quarters of a complete fiscal year (incomplete years are omitted); balance-sheet items are year-end balances.

Show table：Income statement

Item	2020	2021	2022	2023	2024	2025
Revenue	—	—	510	448	409	328
Operating income	—	—	87.3	51.8	89.0	62.6
Net income	-0.14	-391	18.0	1.78	7.06	5.62

Balance sheet

Annual · In mn (USD)

Total assets 218 mn Total liabilities 432 mn

Equity = assets − liabilities. Balance-sheet figures are period-end balances, not cumulative.

Show table：Balance sheet

Item	2020	2021	2022	2023	2024	2025
Current assets	1.19	246	279	268	169	132
Total assets	415	422	443	397	260	218
Current liabilities	0.14	395	386	374	260	234
Total liabilities	14.6	827	741	686	477	432
Equity	5.00	-48.5	-21.2	-11.1	-12.5	-11.7

Cash flow

Annual · In mn (USD)

Operating 46.0 mn Investing -1.57 mn Financing -72.1 mn

Positive = cash in, negative = cash out.

Show table：Cash flow statement

Item	2020	2021	2022	2023	2024	2025
Operating	—	—	48.4	62.4	-22.1	46.0
Investing	—	—	-13.2	-1.90	-0.68	-1.57
Financing	—	—	-16.2	-64.0	-34.5	-72.1
Cash at period end	0.86	139	159	155	97.9	70.1

Profitability

Annual · %

Operating margin 19.1% Net margin 1.7%

Gross, operating and net margin = the respective profit ÷ revenue.

Show table：Profitability

Item	2020	2021	2022	2023	2024	2025
Operating margin	—	—	17.1%	11.6%	21.8%	19.1%
Net margin	—	—	3.5%	0.4%	1.7%	1.7%

Returns & leverage

Annual · %

ROE -2.8% ROA 2.4% Debt ratio 197.8%

Show table：Returns & leverage

Item	2020	2021	2022	2023	2024	2025
ROE	-2.8%	—	—	—	—	—
ROA	-0.0%	-93.5%	4.2%	0.4%	2.1%	2.4%
Debt ratio	3.5%	196.1%	167.4%	172.9%	184.0%	197.8%

EPS

Annual · US$

EPS US$2.29

Show table：EPS

Item	2020	2021	2022	2023	2024	2025
EPS（US$）	—	—	0.74	0.05	0.17	2.29

Source: SEC EDGAR (XBRL company facts)

Annual reports by year

	10-K
2025	Open full text →
2024	Open full text →
2023	Open full text →

10-K: annual report of a US domestic issuer. Filings are the original documents hosted on SEC EDGAR — this site neither mirrors nor edits them.

FAQ

Where can I read MARKETWISE, INC. (MKTW) annual reports?

Every year in the table above links straight to the full text on SEC EDGAR. US annual reports are web pages (HTML) rather than PDFs, so you can read and search them in the browser without downloading anything. 3 filings are currently indexed.

What is the difference between a 10-K and a 20-F?

A 10-K is the annual report of a US domestic issuer, with sections fixed by law: Item 1 Business, Item 1A Risk Factors, Item 7 Management's Discussion and Analysis. A 20-F is filed by foreign private issuers — Taiwanese companies with US ADRs, such as TSMC, file 20-F rather than 10-K. A 40-F applies to Canadian issuers under the MJDS.

Are earnings call materials available here?

No. Earnings calls are not SEC filings, so US pages on this site cover annual reports only. Taiwan has a mandatory investor-conference disclosure regime, and those materials are indexed under Annual Reports.

Source: US Securities and Exchange Commission (SEC) EDGAR. This site indexes public filings and links to them; it hosts no copies, offers no investment advice, and makes no warranty as to timeliness or completeness.
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