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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 125,737 $ 139,078
Accounts receivable 16,412 7,805
Prepaid expenses 11,709 13,043
Related party receivables 185 496
Related party notes receivable, current 302 298
Restricted cash 500 500
Deferred contract acquisition costs 88,441 82,685
Other current assets 1,488 2,484
Total current assets 244,774 246,389
Property and equipment, net 1,099 1,188
Operating lease right-of-use assets 10,316 10,901
Intangible assets, net 8,142 8,612
Goodwill 23,288 23,288
Deferred contract acquisition costs, noncurrent 118,279 120,386
Related party notes receivable, noncurrent 861 861
Deferred tax assets 7,442 8,964
Other assets 2,220 965
Total assets 416,421 421,554
Current liabilities:    
Trade and other payables 2,362 4,758
Related party payables, net 495 970
Accrued expenses 41,037 46,453
Deferred revenue and other contract liabilities 317,860 317,133
Operating lease liabilities 1,361 1,274
Other current liabilities 22,627 24,905
Total current liabilities 385,742 395,493
Deferred revenue and other contract liabilities, noncurrent 393,764 393,043
Derivative liabilities, noncurrent 1,601 2,015
Warrant liabilities 22,615 29,332
Deferred tax liabilities 0 0
Operating lease liabilities, noncurrent 6,710 6,933
Total liabilities 810,432 826,816
Commitments and Contingencies 0 0
Stockholders’ deficit:    
Preferred stock - par value of $0.0001 per share, 100,000,000 shares authorized; 0 shares issued and outstanding at September 30, 2021 0 0
Additional paid-in capital 88,645 97,548
Accumulated other comprehensive loss (26) (9)
Accumulated deficit (140,290) (146,115)
Total stockholders’ deficit attributable to MarketWise, Inc. (51,640) (48,545)
Noncontrolling interest (342,371) (356,717)
Total stockholders’ deficit (394,011) (405,262)
Total liabilities, noncontrolling interest, and stockholders’ deficit 416,421 421,554
Common Stock - Class A    
Stockholders’ deficit:    
Common stock 2 2
Common Stock - Class B    
Stockholders’ deficit:    
Common stock $ 29 $ 29