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Condensed Consolidated Statement of Stockholders’ Deficit (Unaudited) - USD ($)
$ in Thousands
Total
Common Stock - Class A
Common Stock - Class B
Total Stockholders’ Deficit Attributable to MarketWise, Inc.
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)
Noncontrolling Interest
Common stock, beginning balance (in shares) at Dec. 31, 2021         24,718,402 291,092,303          
Beginning balance at Dec. 31, 2021 $ (405,262)     $ (48,545) $ 2 $ 29 $ 0 $ 97,548 $ (146,115) $ (9) $ (356,717)
Preferred stock, beginning balance (in shares) at Dec. 31, 2021             0        
Stockholders' Deficit                      
Equity-based compensation 7,190     7,190       7,190      
Proceeds from issuance of common stock (in shares)         161,178            
Proceeds from issuance of common stock 517     517       517      
Issuance of common stock - warrant exchanges (in shares)         5,939,739            
Issuance of common stock - warrant exchanges $ 14,401     14,401 $ 1     14,400      
Repurchases of stock (in shares) (2,484,717)       (2,484,717)            
Repurchases of stock $ (13,054)     (13,054)       (13,054)      
Vesting of restricted stock units (in shares)         487,900            
Restricted stock units withheld to pay taxes (511)     (511)       (511)      
Acquisition of noncontrolling interest - Chaikin (297)     (1,257)       (1,257)     960
Distributions (4,476)                   (4,476)
Foreign currency translation adjustments (100)     (100)           (100)  
Net income 73,569     13,694         13,694   59,875
Common stock, ending balance (in shares) at Sep. 30, 2022         28,822,502 291,092,303          
Ending balance at Sep. 30, 2022 (328,023)     (27,665) $ 3 $ 29 $ 0 104,833 (132,421) (109) (300,358)
Preferred stock, ending balance (in shares) at Sep. 30, 2022             0        
Common stock, beginning balance (in shares) at Jun. 30, 2022         22,505,103 291,092,303          
Beginning balance at Jun. 30, 2022 (359,607)     (38,445) $ 2 $ 29 $ 0 90,048 (128,409) (115) (321,162)
Preferred stock, beginning balance (in shares) at Jun. 30, 2022             0        
Stockholders' Deficit                      
Equity-based compensation 2,153     2,153       2,153      
Issuance of common stock - warrant exchanges (in shares)         5,939,739            
Issuance of common stock - warrant exchanges 14,401     14,401 $ 1     14,400      
Vesting of restricted stock units (in shares)         377,660            
Restricted stock units withheld to pay taxes (511)     (511)       (511)      
Acquisition of noncontrolling interest - Chaikin (297)     (1,257)       (1,257)     960
Distributions (677)                   (677)
Foreign currency translation adjustments 6     6           6  
Net income 16,509     (4,012)         (4,012)   20,521
Common stock, ending balance (in shares) at Sep. 30, 2022         28,822,502 291,092,303          
Ending balance at Sep. 30, 2022 (328,023)     (27,665) $ 3 $ 29 $ 0 104,833 (132,421) (109) (300,358)
Preferred stock, ending balance (in shares) at Sep. 30, 2022             0        
Common stock, beginning balance (in shares) at Dec. 31, 2022   29,039,655 291,092,303   29,039,655 291,092,303          
Beginning balance at Dec. 31, 2022 $ (298,383)     (21,197) $ 3 $ 29 $ 0 106,852 (128,125) 44 (277,186)
Preferred stock, beginning balance (in shares) at Dec. 31, 2022 0           0        
Stockholders' Deficit                      
Equity-based compensation $ 10,313     10,313       10,313      
Proceeds from issuance of common stock (in shares)         648,849            
Proceeds from issuance of common stock $ 332     332       332      
Repurchases of stock (in shares) 0                    
Vesting of restricted stock units (in shares)         1,657,933            
Restricted stock units withheld to pay taxes $ (1,521)     (1,521)       (1,521)      
Cash dividends declared (902)     (902)       (902)      
Distributions (9,212)                   (9,212)
Issuance per redemption of Class B shares for Class A (in shares)     (2,750,000)   (2,750,000) (2,750,000)          
Issuance per redemption of Class B shares for Class A 370     (1,935)       (1,935)     2,305
Foreign currency translation adjustments 11     11           11  
Net income 52,392     1,643         1,643   50,749
Common stock, ending balance (in shares) at Sep. 30, 2023   34,096,437 288,342,303   34,096,437 288,342,303          
Ending balance at Sep. 30, 2023 $ (246,600)     (13,256) $ 3 $ 29 $ 0 113,139 (126,482) 55 (233,344)
Preferred stock, ending balance (in shares) at Sep. 30, 2023 0           0        
Common stock, beginning balance (in shares) at Jun. 30, 2023         32,073,995 289,842,303          
Beginning balance at Jun. 30, 2023 $ (257,251)     (14,414) $ 3 $ 29 $ 0 112,146 (126,622) 30 (242,837)
Preferred stock, beginning balance (in shares) at Jun. 30, 2023             0        
Stockholders' Deficit                      
Equity-based compensation $ 2,932     2,932       2,932      
Repurchases of stock (in shares) 0                    
Vesting of restricted stock units (in shares)         522,442            
Restricted stock units withheld to pay taxes $ (415)     (415)       (415)      
Cash dividends declared (462)     (462)       (462)      
Distributions (3,649)                   (3,649)
Issuance per redemption of Class B shares for Class A (in shares)     (1,500,000)   (1,500,000) (1,500,000)          
Issuance per redemption of Class B shares for Class A 176     (1,062)       (1,062)     1,238
Foreign currency translation adjustments 25     25           25  
Net income 12,044     140         140   11,904
Common stock, ending balance (in shares) at Sep. 30, 2023   34,096,437 288,342,303   34,096,437 288,342,303          
Ending balance at Sep. 30, 2023 $ (246,600)     $ (13,256) $ 3 $ 29 $ 0 $ 113,139 $ (126,482) $ 55 $ (233,344)
Preferred stock, ending balance (in shares) at Sep. 30, 2023 0           0