MarketWise, Inc. (MKTW) financial statements (2022 and earlier)

Company profile

Business Address 667 MADISON AVENUE
NEW YORK, NY 10065
State of Incorp.
Fiscal Year End December 31
SIC 7372 - Prepackaged Software (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1391
Cash and cash equivalents1391
Restricted cash and investments1 
Receivables9 
Prepaid expense130
Deferred costs83 
Other current assets2 
Total current assets:2461
Noncurrent Assets
Operating lease, right-of-use asset11 
Property, plant and equipment1 
Long-term investments and receivables1 
Due from related parties1 
Intangible assets, net (including goodwill)32 
Goodwill23 
Intangible assets, net (excluding goodwill)9 
Assets held-in-trust 414
Deferred costs120 
Deferred income tax assets9 
Other noncurrent assets1 
Total noncurrent assets:175414
TOTAL ASSETS:422415
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities460
Accounts payable 0
Accrued liabilities460
Deferred revenue312 
Due to related parties10
Other liabilities25 
Other undisclosed current liabilities12 
Total current liabilities:3950
Noncurrent Liabilities
Long-term debt and lease obligation7 
Operating lease, liability7 
Liabilities, other than long-term debt393 
Deferred revenue393 
Other undisclosed noncurrent liabilities3168
Total noncurrent liabilities:43168
Total liabilities:82768
Temporary equity, carrying amount 342
Stockholders' equity
Stockholders' equity attributable to parent, including:(49)5
Additional paid in capital9835
Accumulated other comprehensive loss(0) 
Accumulated deficit(146)(30)
Other undisclosed stockholders' equity attributable to parent00
Stockholders' equity attributable to noncontrolling interest(357) 
Total stockholders' equity:(405)5
TOTAL LIABILITIES AND EQUITY:422415

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
Revenues549 
Cost of revenue(239) 
Gross profit:310 
Operating expenses(1,267)(0)
Other undisclosed operating loss(10)(0)
Operating loss:(968)(0)
Nonoperating income
(Other Nonoperating income)
16 
Loss from continuing operations before equity method investments, income taxes:(951)(0)
Other undisclosed loss from continuing operations before income taxes(0) 
Loss from continuing operations before income taxes:(952)(0)
Income tax expense(2) 
Net loss:(954)(0)
Net loss attributable to noncontrolling interest(59) 
Other undisclosed net loss attributable to parent (29)
Net loss available to common stockholders, diluted:(1,013)(30)

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
Net loss:(954)(0)
Other undisclosed comprehensive loss(0) 
Comprehensive loss:(954)(0)
Comprehensive loss, net of tax, attributable to noncontrolling interest(59) 
Comprehensive loss, net of tax, attributable to parent:(1,013)(0)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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