MarketWise
Delivers subscription research, education, and analytical software to self-directed investors.
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Profile
Sells digital subscriptions to independent financial research, investor education, and analytical software through separately branded publishers. Operates as one reportable segment within an Up-C structure, with customer acquisition, renewals, cross-selling, editorial independence, and brand reputation shaping the model.
Combines independent financial research, investor education, and analytical software for self-directed investors. Stansberry Research, Chaikin Analytics, Brownstone Research, InvestorPlace, and TradeSmith sit within a broader portfolio of separately branded digital publishers.
Rooted in Baltimore, the portfolio is delivered on desktop and mobile devices through direct subscriptions. Execution centers on customer acquisition, subscription renewal, and cross-selling, while all operating subsidiaries are aggregated into one reportable segment.
Operates through an Up-C, dual-class structure in which the listed corporation's principal asset is its interest in MarketWise, LLC. Editorial independence and brand reputation are operating dependencies, while customer retention and the Up-C governance structure shape the business.
Company facts
Categories
Key statistics
Year to date +21.5% · Average volume (30d) 11.3K
Analysts
Ratings
Target range
Latest analyst notes
No analyst notes in the last 24 months.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 6, 2026Q2 FY26 | $0.65 | −$0.24 | −137.2% | $78.4M | $75.8M | −3.3% | +0.99% |
| May 7, 2026Q1 FY26 | $0.67 | −$0.23 | −134.3% | $80.7M | $77.0M | −4.6% | +24.35% |
| Mar 5, 2026Q4 FY25 | −$0.22 | $0.77 | +449.7% | $70.6M | $83.4M | +18.1% | +1.37% |
| Nov 6, 2025Q3 FY25 | −$1.32 | $0.58 | +144.0% | $70.6M | $81.3M | +15.1% | +1.91% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $83.5M | $80.0M | $81.3M | $83.4M | $77.0M | $75.8M | |
| Gross profit | $71.6M | $69.0M | $70.5M | $72.5M | $65.9M | $64.7M | |
| Operating income | $16.8M | $14.8M | $17.8M | $13.2M | −$1.1M | −$4.3M | |
| Net income | $890.0K | $1.3M | $1.5M | $1.9M | −$573.0K | −$629.0K | |
| Diluted EPS | $0.41 | $0.53 | $0.58 | $0.79 | −$0.23 | −$0.24 | |
| Gross margin | 85.7% | 86.3% | 86.8% | 87.0% | 85.5% | 85.3% | |
| Operating margin | 20.1% | 18.5% | 21.9% | 15.8% | -1.4% | -5.6% |
Fiscal years (4-quarter sums)FY21 $549.2M · FY22 $512.4M · FY23 $448.2M · FY24 $408.7M · FY25 $328.1M
Revenue by product · Q2 FY26
Revenue by geography · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $32.9M · Total debt $5.5M · Total assets $185.9M · Shareholders' equity −$33.5M
Dividends
Last raised to $0.45 from $0.20 split-adjusted in Aug 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 19, 2026 | Aug 19 | Sep 30 | $0.45 | raised from $0.20 split-adjusted |
| May 15, 2026 | May 15 | Jun 25 | $0.45 | special dividend |
| Mar 18, 2026 | Mar 18 | Mar 31 | $0.45 | special dividend |
| Nov 14, 2025 | Nov 14 | Dec 24 | $0.40 | special dividend |
| Aug 15, 2025 | Aug 15 | Sep 25 | $0.40 | special dividend |
| May 15, 2025 | May 15 | Jun 25 | $0.30 | special dividend |
| Mar 18, 2025 | Mar 18 | Mar 31 | $0.01 | |
| Jan 29, 2025 | Jan 29 | Feb 26 | $0.03 | special dividend |
Ownership
Shares outstanding 2.64M · Float 1.75M · 66.3% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Elizabeth W. P. Bonner 2009 Irrevocable Trust Number Two | 6.98M | 74.30% | 13D | Feb 17, 2026 |
| Frank Porter Stansberry | 3.08M | 58.29% | 13D | Mar 23, 2026 |
| Frank Porter Stansberry · director, 10 percent owner: | 373.0K | 14.14% | Form 4 | Jun 8, 2026 |
| Barclays PLC | 151.8K | 5.75% | 13F | May 15, 2026 |
| BlackRock, Inc. | 145.8K | 5.50% | 13G | Jul 29, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jul 1, 2026 | Erik Mickels | officer: Chief Finacial Officer | −3,973 | $19.14 |
| Jul 1, 2026 | Scott Daniel Forney | officer: General Counsel | −711 | $19.14 |
| Jul 1, 2026 | Marco Galsim | officer: Chief Information Officer | −3,294 | $19.14 |
| May 22, 2026 | Frank Porter Stansberry | director, 10 percent owner: | +10,000 | $17.88 |
| May 20, 2026 | Frank Porter Stansberry | director, 10 percent owner: | +20,100 | $17.21 |
Peers
- Morningstar
Retail investment research, ratings, and portfolio analytics overlap
- News Corp Class A
Dow Jones brands span paid financial news, research, and investor tools
- Value Line
Direct overlap in subscription stock research and digital investor tools
- The Arena Group
TheStreet competes in paid stock commentary and investor subscriptions
- FactSet
Institutional financial data and analytics overlap at the software layer
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| MarketWise | $18.01 | −1.50% | $47.5M | 20.0 | 7.2 | 0.1 | −5.2% |
| Morningstar | $217.65 | −0.03% | $8.16B | 20.6 | 16.9 | 3.2 | +9.6% |
| News Corp Class A | $30.65 | −1.00% | $17.38B | 30.1 | 23.0 | 2.1 | +10.8% |
| Value Line | $36.63 | −2.50% | $343.9M | 15.9 | — | 10.3 | −4.5% |
| The Arena Group | $1.13 | +0.89% | $53.3M | 6.0 | 5.3 | 0.5 | −50.7% |
| FactSet | $308.68 | −0.07% | $10.99B | 20.3 | 16.2 | 4.5 | +6.4% |
| Median | 20.3 | 16.5 | 3.2 | +6.4% |