MarketWise, Inc. (MKTW) Income Statement
MKTW 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsMKTW revenue and net income
Where MKTW's revenue goes
2025Each bar shows an amount and its share of revenue. MKTW kept 1.7% of revenue as net income.
MKTW profit margins
MKTW growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −19.7% | −13.8% | −2.1% | — |
| Gross profit | −20.7% | −14.2% | +6.3% | — |
| Operating income | −29.2% | −10.3% | — | — |
| Net income | −20.4% | −32.1% | — | — |
| EPS (diluted) | −11.9% | −29.3% | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
MKTW quarterly EPS vs estimates
MarketWise beat the analyst EPS estimate in 5 of the last 8 quarters. Next report: November 5, 2026 (estimate $0.38).
MKTW income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $328.1M | $408.7M | $448.2M | $512.4M | $549.2M | $364.2M | $272.2M | $238.4M |
| Cost of revenue | $44.3M | $50.7M | $56.8M | $62.7M | $239.3M | $154.6M | $42.6M | $57.6M |
| Gross profit | $283.8M | $358.0M | $391.4M | $449.7M | $309.9M | $209.6M | $229.7M | $180.8M |
| Research & development | $8.8M | $9.9M | $8.8M | $8.8M | $7.5M | $4.8M | $3.7M | $2.3M |
| Sales, general & admin | $209.8M | $251.9M | $324.3M | $350.5M | $1.27B | $740.9M | $198.1M | $157.6M |
| Total operating expenses | $220.8M | $269.1M | $339.6M | $362.4M | $1.28B | $748.3M | $204.1M | $162.5M |
| Operating income | $63.0M | $89.0M | $51.8M | $87.3M | −$967.6M | −$538.7M | $25.6M | $18.3M |
| Interest income | — | — | — | — | $5,000 | $477,000 | $1.6M | $67,000 |
| Interest expense | — | $5.29B | $4.9M | $295,000 | $110,000 | $0 | $0 | $0 |
| Income before taxes | $66.6M | $96.4M | $56.1M | $102.7M | −$951.5M | −$541.1M | $28.0M | $18.7M |
| Income taxes | $2.6M | $3.3M | $1.8M | $1.5M | $2.4M | −$3.2M | −$1.5M | $345,000 |
| Net income | $5.6M | $7.1M | $1.8M | $18.0M | −$1.01B | −$538.4M | $28.0M | $18.6M |
| EBITDA | $68.8M | $96.2M | $58.2M | $106.0M | −$948.7M | −$536.1M | $27.9M | $20.9M |
| EPS (diluted) | $2.30 | $2.61 | $14.09 | $6.52 | $2.75 | −$1162.59 | −$30.02 | — |
| Gross margin | 86.5% | 87.6% | 87.3% | 87.8% | 56.4% | 57.5% | 84.4% | 75.8% |
| Operating margin | 19.2% | 21.8% | 11.6% | 17.0% | −176.2% | −147.9% | 9.4% | 7.7% |
| Net margin | 1.7% | 1.7% | 0.4% | 3.5% | −184.5% | −147.8% | 10.3% | 7.8% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $75.8M | $77.0M | $83.4M | $81.3M | $80.0M | $83.5M | $97.5M | $97.2M | $105.0M | $109.0M | $112.2M | $106.2M |
| Cost of revenue | $11.1M | $11.1M | $10.9M | $10.7M | $10.9M | $11.9M | $11.0M | $12.9M | $13.4M | $13.4M | $13.1M | $13.8M |
| Gross profit | $64.7M | $65.9M | $72.5M | $70.5M | $69.0M | $71.6M | $86.5M | $84.3M | $91.7M | $95.6M | $99.1M | $92.3M |
| Research & development | $2.7M | $2.3M | $2.2M | $2.5M | $2.1M | $2.3M | $3.0M | $2.6M | $2.2M | $2.1M | $2.1M | $2.1M |
| Sales, general & admin | $65.5M | $63.9M | $57.1M | $49.6M | $51.4M | $51.4M | $54.5M | $59.1M | $67.2M | $71.1M | $93.4M | $77.5M |
| Total operating expenses | $69.0M | $67.0M | $59.4M | $52.7M | $54.2M | $54.8M | $62.3M | $62.4M | $70.3M | $74.1M | $97.9M | $81.3M |
| Operating income | −$4.3M | −$1.1M | $13.2M | $17.8M | $14.8M | $16.8M | $24.2M | $21.9M | $21.3M | $21.6M | $1.2M | $11.0M |
| Interest income | $290,000 | $510,000 | — | $685,000 | $769,000 | $941,000 | — | $1.2M | $1.3M | $1.7M | — | — |
| Interest expense | — | — | — | — | — | — | — | — | — | — | $1.8M | $1.5M |
| Income before taxes | −$2.8M | −$492,000 | $13.8M | $19.0M | $15.9M | $17.9M | $27.2M | $23.7M | $22.0M | $23.4M | $1.7M | $12.7M |
| Income taxes | −$156,000 | $62,000 | −$161,000 | $1.1M | $613,000 | $1.0M | $766,000 | $973,000 | $779,000 | $735,000 | −$243,000 | $691,000 |
| Net income | −$629,000 | −$573,000 | $1.9M | $1.5M | $1.3M | $890,000 | $2.1M | $1.7M | $1.5M | $1.7M | $139,000 | $140,000 |
| EBITDA | −$3.7M | $26,000 | $14.3M | $19.6M | $16.4M | $17.7M | $29.4M | $24.4M | $22.7M | $24.1M | $4.1M | $12.6M |
| EPS (diluted) | −$0.24 | −$0.23 | $0.76 | $0.58 | $0.53 | $0.43 | $1.00 | $0.80 | $0.80 | $0.01 | $8.58 | $2.42 |
| Gross margin | 85.3% | 85.5% | 87.0% | 86.8% | 86.3% | 85.7% | 88.7% | 86.7% | 87.3% | 87.7% | 88.4% | 87.0% |
| Operating margin | −5.6% | −1.4% | 15.8% | 21.9% | 18.5% | 20.1% | 24.8% | 22.5% | 20.3% | 19.8% | 1.1% | 10.4% |
| Net margin | −0.8% | −0.7% | 2.3% | 1.9% | 1.6% | 1.1% | 2.2% | 1.8% | 1.5% | 1.5% | 0.1% | 0.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in MKTW's financial statements (latest annual report filed March 6, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
MKTW financial results
In fiscal year 2025 (ended December 31, 2025), MarketWise reported revenue of $328.1 million, down 19.7% from the year before. It had net income of $5.6 million (down 20.4%), a net profit margin of 1.7%. Diluted earnings per share came to $2.30. Over five years revenue grew at an average rate of −2.1% a year.
See the MKTW stock overview for the latest quote and news, or the MKTW chart for price history and technical indicators.
MKTW income statement FAQ
What is MarketWise's annual revenue?
MarketWise reported total revenue of $328.1 million for fiscal year 2025, which ended on December 31, 2025. That was down 19.7% from $408.7 million the previous year.
Is MarketWise profitable?
Yes. MarketWise reported net income of $5.6 million in fiscal 2025, a net profit margin of 1.7%; its operating margin was 19.2%.
What is MarketWise's gross margin?
MarketWise's gross margin was 86.5% in fiscal 2025: for every $100 of revenue, MarketWise kept $86 after the direct cost of its products and services.
How much does MarketWise spend on research and development?
MarketWise spent $8.8 million on research and development in fiscal 2025, 2.7% of revenue.
How fast is MarketWise growing?
Revenue grew −2.1% a year on average over the last five fiscal years, from $364.2 million to $328.1 million.
What are MarketWise's earnings per share?
MarketWise earned $2.30 per diluted share in fiscal 2025, compared with $2.61 a year earlier.
When will MarketWise report its next earnings?
MarketWise is expected to report results for the quarter ending September 30, 2026 on November 5, 2026.
When does MarketWise's fiscal year end?
MarketWise's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 6, 2026.