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Condensed Consolidated Statements of Stockholders' Deficit / Members' Deficit (Unaudited) - USD ($)
$ in Thousands
Total
Marketwise, LLC
Class A Members’ units
Common Stock
Common Stock - Class A
Common Stock
Common Stock - Class B
Preferred Stock
Additional paid-in capital
Accumulated deficit
Accumulated Other Comprehensive Income (Loss)
Total Stockholders’ Deficit / Members’ Deficit Attributable to MarketWise, Inc.
Noncontrolling Interest
Class A members' units, beginning balance (in shares) at Dec. 31, 2020     547,466                
Class A members' units, beginning balance at Dec. 31, 2020 $ (920,610)   $ (914,728)           $ (17) $ (914,745) $ (5,865)
Members' Deficit                      
Class A units transferred to Class B (in shares)     (18,947)                
Acquisition of Chaikin 810                   810
Foreign currency translation adjustments (17)               (17) (17)  
Distributions (14,167)   $ (13,917)             (13,917) (250)
Net income (loss) (615,083)   $ (614,453)             (614,453) (630)
Class A members' units, ending balance (in shares) at Mar. 31, 2021     528,519                
Class A members' units, ending balance at Mar. 31, 2021 (1,549,067)   $ (1,543,098)           (34) (1,543,132) (5,935)
Stockholders' Deficit                      
Foreign currency translation adjustments (17)               (17) (17)  
Net income (loss) (615,083)   $ (614,453)             (614,453) (630)
Income tax provision 0                    
Controlling interests (614,453)                    
Noncontrolling interests (630)                    
Foreign currency translation adjustments (17)               (17) (17)  
Net income (loss) 23,023             $ 5,825   5,825 17,198
Beginning balance (in shares) at Dec. 31, 2021       24,718,402 291,092,303 0          
Beginning balance at Dec. 31, 2021 (405,262)     $ 2 $ 29 $ 0 $ 97,548 (146,115) (9) (48,545) (356,717)
Stockholders' Deficit                      
Equity-based compensation $ 2,588           2,588     2,588  
Repurchase of stock (in shares) (2,143,446)     (2,143,446)              
Repurchases of stock $ (11,491)           (11,491)     (11,491)  
Distributions (2,852)                   (2,852)
Foreign currency translation adjustments (17)               (17) (17)  
Net income (loss) 23,023             5,825   5,825 17,198
Ending balance (in shares) at Mar. 31, 2022       22,574,956 291,092,303 0          
Ending balance at Mar. 31, 2022 (394,011)     $ 2 $ 29 $ 0 $ 88,645 $ (140,290) $ (26) $ (51,640) $ (342,371)
Stockholders' Deficit                      
Gain on derivative warrant liabilities 6,700                    
Income tax provision 1,522                    
Controlling interests 5,825                    
Noncontrolling interests $ 17,198                    
Ownership percentage   7.20%                  
Noncontrolling interest ownership percentage   92.80%