MARKETWISE, INC.
MKTW · Services-Prepackaged Software · 10.3M shares · -49%/yr ↓ buyback · EDGAR filings ↗
Reference price $17.88 · est. market cap ~$185M — last insider purchase, 2026-05-22 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
C56Financial-publishing subscription company — operating-profitable with positive free cash flow, but declining with negative equity.
Strengths
- Operating profit and positive FCF — operating margin 19% (82nd), FCF $46M, gross margin 86% (94th)
Risks
- Declining revenue — -20%
- Negative equity, weak liquidity — ROE -48% (9th), current ratio 0.56 (6th)
- Subscriber-churn/marketing-dependence risk — per 10-K
Notable findings
- Weak liquidityCurrent ratio 0.56 (<1)
- Fund exitedNotable fund(s) exited this quarter: VANGUARD GROUP INC
- Insider buyingInsider buying — 15 open-market buy(s) by 1 insider(s) (~$3M, last 6mo) Form 4 ↗
- Buying back stockNet buyback — share count -49%/yr over 4y
- Notable holderHeld by 3 notable fund(s): STATE STREET CORP, RENAISSANCE TECHNOLOGIES LLC, FMR LLC (as of 2026-03-31)
- Insider sellingInsider selling — 5 open-market sale(s) by 1 insider(s) (~$377,167, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
86.5%
Operating margin
19.1%
Net margin
1.7%
Return on equity
-48.1%
Return on assets
2.6%
Revenue growth (QoQ)
-7.6%
Net-income growth
-20.4%
Current ratio
0.6×
Free cash flow
$46M
EBITDA
$65M
Tangible book value
-$46M
Cash & investments
$70M
Stock comp / revenue
3.4%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-04 | Smith Matthew Tate | Grant | 7.5K | — |
| 2026-06-04 | Turner Matthew Joseph | Grant | 8.1K | — |
| 2026-06-04 | SIMMONS VAN D | Grant | 7.5K | — |
| 2026-06-04 | Stansberry Frank Porter | Grant | 7.5K | — |
| 2026-06-04 | Tongue Glenn H | Grant | 8.1K | — |
| 2026-05-22 | Stansberry Frank Porter | Buy | 10K | $17.88 |
| 2026-05-20 | Stansberry Frank Porter | Buy | 20K | $17.21 |
| 2026-05-18 | Stansberry Frank Porter | Buy | 3.5K | $16.50 |
| 2026-05-18 | Stansberry Frank Porter | Buy | 100 | $16.46 |
| 2026-05-15 | Stansberry Frank Porter | Buy | 11 | $16.71 |
| 2026-05-14 | Stansberry Frank Porter | Buy | 10K | $18.25 |
| 2026-05-14 | Stansberry Frank Porter | Buy | 10K | $17.99 |
| 2026-05-12 | Stansberry Frank Porter | Buy | 10K | $18.50 |
| 2026-05-11 | Stansberry Frank Porter | Buy | 10K | $18.89 |
| 2026-05-08 | Stansberry Frank Porter | Buy | 11K | $17.15 |
| 2026-05-08 | Stansberry Frank Porter | Buy | 12K | $19.22 |
| 2026-05-08 | Stansberry Frank Porter | Buy | 19K | $19.93 |
| 2026-05-05 | Galsim Marco | Grant | 10K | — |
| 2026-03-23 | Mickels Erik | Sell | 6.0K | $14.70 |
| 2026-03-20 | Stansberry Frank Porter | Buy | 10K | $14.78 |
| 2026-03-20 | Stansberry Frank Porter | Buy | 7.3K | $15.76 |
| 2026-03-19 | Stansberry Frank Porter | Buy | 23K | $14.28 |
| 2026-03-19 | Mickels Erik | Sell | 3.3K | $13.83 |
| 2026-03-18 | Mickels Erik | Sell | 6.7K | $14.10 |
| 2026-03-13 | Mickels Erik | Grant | 44K | — |
| 2026-03-13 | Forney Scott Daniel | Grant | 2.0K | — |
| 2026-03-13 | Forney Scott Daniel | Tax withheld | 805 | $14.15 |
| 2026-03-13 | Mickels Erik | Tax withheld | 5.3K | $14.15 |
| 2026-03-13 | Kaufman Steven Andrew | Tax withheld | 350 | $14.15 |
| 2026-03-13 | Galsim Marco | Tax withheld | 2.3K | $14.15 |
| 2026-03-11 | Mickels Erik | Sell | 6.7K | $14.73 |
| 2026-03-10 | Mickels Erik | Sell | 3.3K | $15.20 |
| 2025-09-16 | Galsim Marco | Other | 2.8K | — |
| 2025-09-16 | Palmer Michael Alan | Other | 7.5K | — |
| 2025-09-16 | Eifrig David | Other | 1.2K | — |
| 2025-07-21 | Forney Scott Daniel | Tax withheld | 76 | $18.22 |
| 2025-07-21 | Kaufman Steven Andrew | Tax withheld | 76 | $18.22 |
| 2025-07-21 | Galsim Marco | Tax withheld | 326 | $18.22 |
| 2025-07-01 | Forney Scott Daniel | Tax withheld | 719 | $19.82 |
| 2025-07-01 | Mickels Erik | Tax withheld | 3.6K | $19.82 |
| 2025-07-01 | Galsim Marco | Tax withheld | 1.9K | $19.82 |
| 2025-07-01 | Kaufman Steven Andrew | Tax withheld | 449 | $19.82 |
| 2025-06-17 | Mickels Erik | Buy | 940 | $17.94 |
| 2025-06-12 | Stansberry Frank Porter | Grant | 6.8K | — |
| 2025-06-12 | SIMMONS VAN D | Grant | 6.8K | — |
| 2025-06-12 | Smith Matthew Tate | Grant | 6.8K | — |
| 2025-06-12 | Tongue Glenn H | Grant | 7.3K | — |
| 2025-06-12 | Turner Matthew Joseph | Grant | 7.3K | — |
| 2025-03-14 | Kaufman Steven Andrew | Tax withheld | 7.0K | $0.61 |
| 2025-03-14 | Galsim Marco | Tax withheld | 32K | $0.61 |
| 2025-03-14 | Forney Scott Daniel | Tax withheld | 16K | $0.61 |
| 2025-03-14 | Mickels Erik | Tax withheld | 95K | $0.61 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-08 | 2026-06-04 | 0001628280-26-041660 ↗ |
| 10-Q | 2026-05-07 | 2026-03-31 | 0001805651-26-000043 ↗ |
| 8-K | 2026-05-07 | 2026-05-07 | 0001805651-26-000044 ↗ |
| 8-K | 2026-04-24 | 2026-04-21 | 0001805651-26-000038 ↗ |
| 8-K | 2026-04-13 | 2026-04-13 | 0001805651-26-000030 ↗ |
| 8-K | 2026-03-17 | 2026-03-17 | 0001805651-26-000026 ↗ |
| 8-K | 2026-03-06 | 2026-03-06 | 0001805651-26-000018 ↗ |
| 10-K | 2026-03-06 | 2025-12-31 | 0001805651-26-000016 ↗ |
| 8-K | 2026-03-03 | 2026-03-03 | 0001805651-26-000011 ↗ |
| 8-K | 2026-02-19 | 2026-02-18 | 0001805651-26-000008 ↗ |
| 8-K | 2026-01-22 | 2026-01-22 | 0001805651-26-000004 ↗ |
| 8-K | 2025-11-20 | 2025-11-20 | 0001628280-25-053331 ↗ |