10-K - MarketWise, Inc. | StockGist

AI Analysis

AI-generated analysis. Always verify with the original filing.

MarketWise, Inc. reported total net revenue of $328.1 million for FY 2025, a decrease of 19.7% from $408.7 million in FY 2024. Net income was $64.0 million, down from $93.1 million in the prior year, with net income attributable to MarketWise, Inc. at $5.6 million. The company generated $46.0 million in net cash from operating activities, a significant improvement from a $(22.2) million use in FY 2024, and reported free cash flow of $44.4 million. Key performance was driven by a 13.4% increase in Billings to $271.2 million, primarily from new software-related product sales, offset by a 26.0% decline in Paid Subscribers to 374 thousand, largely due to the wind-down of the Legacy Research business. The company ended the year with $70.1 million in cash and cash equivalents and no debt.

Key Takeaways

1Total net revenue decreased 19.7% YoY to $328.1 million in FY 2025.

2Net cash from operating activities was $46.0 million, a $68.1 million improvement from FY 2024.

3Paid Subscribers declined 26.0% to 374 thousand, primarily due to the Legacy Research wind-down.

4Billings increased 13.4% to $271.2 million, driven by new software product sales.

5The company ended the year with $70.1 million in cash and no debt outstanding.

Key Financial Metrics

EPS

$2.00

$3.67 prior year

Revenue

$328.1M

-19.7%

Net Income

$64.0M

-31.2%

free cash flow

$44.4M

Operating Income

$62.6M

-29.7%

operating margin

19.1%