MarketWise, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Revenue | $328.1M | $408.7M | $448.2M | $512.4M | $549.2M | $364.2M | $272.2M |
| Cost of Revenue | $44.3M | $50.7M | $56.8M | $62.7M | $239.3M | $154.6M | $42.6M |
| Gross Profit | $283.8M | $358.0M | $391.4M | $449.7M | $309.9M | $209.6M | $229.7M |
| Gross Margin | 86.5% | 87.6% | 87.3% | 87.8% | 56.4% | 57.5% | 84.4% |
| Operating Expenses | |||||||
| Research & Development | $8.8M | $9.9M | $8.8M | $8.8M | $7.5M | $4.8M | $3.7M |
| SG&A Expense | $78.3M | $90.7M | $125.2M | $114.8M | $960.2M | $526.6M | $91.7M |
| Operating Income | $62.6M | $89.0M | $51.8M | $87.3M | $-967.6M | $-538.7M | $25.6M |
| Operating Margin | 19.1% | 21.8% | 11.6% | 17.0% | -176.2% | -147.9% | 9.4% |
| Interest Expense | — | — | — | — | — | — | — |
| Pretax Income | $66.6M | $96.4M | $56.1M | $102.7M | $-951.5M | $-541.1M | $28.0M |
| Income Tax Expense | $2.6M | $3.3M | $1.8M | $1.5M | $2.4M | $0 | $0 |
| Net Income | $5.6M | $7.1M | $1.8M | $18.0M | $-1.01B | $-538.4M | $28.0M |
| Net Margin | 1.7% | 1.7% | 0.4% | 3.5% | -184.5% | -147.8% | 10.3% |
| EPS (Basic) | $2.41 | $3.67 | $1.12 | $0.73 | — | — | — |
| EPS (Diluted) | $2.31 | $3.58 | $1.07 | $0.73 | — | — | — |
| Shares Outstanding (Basic) | 2.3M | 1.9M | 1.6M | 24.6M | — | 10.4M | — |
| Shares Outstanding (Diluted) | 2.4M | 2.0M | 1.7M | 24.7M | — | 10.4M | — |
| Dividends Per Share | — | — | — | — | — | — | — |