XML 13 R2.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 109,342 $ 155,174
Accounts receivable 4,475 4,528
Prepaid expenses 8,264 9,305
Related party receivables 1,295 5,182
Deferred contract acquisition costs 73,265 91,480
Other current assets 1,821 2,172
Total current assets 198,462 267,841
Property and equipment, net 603 690
Operating lease right-of-use assets 6,317 7,331
Intangible assets, net 8,301 6,255
Goodwill 33,560 31,038
Deferred contract acquisition costs, noncurrent 58,716 73,420
Deferred tax assets 9,233 9,693
Other assets 113 287
Total assets 315,305 396,555
Current liabilities:    
Accrued expenses 25,724 55,041
Deferred revenue and other contract liabilities 252,299 287,751
Operating lease liabilities 1,649 1,446
Other current liabilities 29,146 27,959
Total current liabilities 312,828 373,893
Deferred revenue and other contract liabilities, noncurrent 257,275 304,342
Other liabilities, noncurrent 2,269 746
Operating lease liabilities, noncurrent 3,454 4,366
Total liabilities 579,259 685,498
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 June 30, 2024 and 2023, respectively 0 0
Additional paid-in capital 99,432 115,164
Accumulated other comprehensive income 10 65
Accumulated deficit (123,142) (126,343)
Total stockholders’ deficit attributable to MarketWise, Inc. (23,668) (11,081)
Noncontrolling interest (240,286) (277,862)
Total stockholders’ deficit (263,954) (288,943)
Total liabilities and stockholders’ deficit 315,305 396,555
Common Stock - Class A    
Stockholders’ deficit    
Common stock 4 4
Common Stock - Class B    
Stockholders’ deficit    
Common stock 28 29
Nonrelated Party    
Current liabilities:    
Trade and other payables 3,576 559
Related Party    
Current assets:    
Operating lease right-of-use assets 6,277 7,261
Current liabilities:    
Trade and other payables 434 1,137
Long-term liabilities – related party 487 0
Related party tax receivable agreement liability, noncurrent $ 2,946 $ 2,151