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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 194,023 $ 158,575
Accounts receivable 5,958 4,040
Prepaid expenses 11,396 11,725
Related party receivables 1,003 1,512
Deferred contract acquisition costs 97,525 99,960
Other current assets 3,058 3,363
Total current assets 312,963 279,175
Property and equipment, net 748 892
Operating lease right-of-use assets 7,921 9,468
Intangible assets, net 14,271 16,047
Goodwill 31,392 31,307
Deferred contract acquisition costs, noncurrent 76,527 97,658
Deferred tax assets 7,751 7,332
Other assets 372 629
Total assets 451,945 442,508
Current liabilities:    
Accrued expenses 42,711 45,976
Deferred revenue and other contract liabilities 293,528 315,231
Operating lease liabilities 1,504 1,484
Other current liabilities 21,423 21,125
Total current liabilities 362,421 385,506
Deferred revenue and other contract liabilities, noncurrent 325,688 348,273
Other liabilities, noncurrent 3,597 1,281
Tax receivable agreement liability, noncurrent 2,096 0
Operating lease liabilities, noncurrent 4,743 5,831
Total liabilities 698,545 740,891
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, 2023 and December 31, 2022, respectively 0 0
Additional paid-in capital 113,139 106,852
Accumulated other comprehensive income 55 44
Accumulated deficit (126,482) (128,125)
Total stockholders’ deficit attributable to MarketWise, Inc. (13,256) (21,197)
Noncontrolling interest (233,344) (277,186)
Total stockholders’ deficit (246,600) (298,383)
Total liabilities, noncontrolling interest, and stockholders’ deficit 451,945 442,508
Common Stock - Class A    
Stockholders’ deficit    
Common stock 3 3
Common Stock - Class B    
Stockholders’ deficit    
Common stock 29 29
Related Party    
Current assets:    
Operating lease right-of-use assets 7,804 9,210
Current liabilities:    
Trade and other payables 1,305 1,004
Nonrelated Party    
Current liabilities:    
Trade and other payables $ 1,950 $ 686