XML 13 R2.htm IDEA: XBRL DOCUMENT v3.25.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 69,112 $ 97,876
Accounts receivable 4,068 1,876
Prepaid expenses 7,287 10,051
Related party receivables 781 547
Deferred contract acquisition costs 47,946 57,214
Other current assets 850 1,269
Total current assets 130,044 168,833
Property and equipment, net 293 592
Operating lease right-of-use assets 2,363 3,182
Intangible assets, net 4,122 4,673
Goodwill 30,043 30,043
Deferred contract acquisition costs, noncurrent 34,597 42,121
Deferred tax assets 10,291 10,071
Total assets 211,753 259,515
Current liabilities:    
Accrued expenses 23,088 23,272
Deferred revenue and other contract liabilities 201,141 217,973
Operating lease liabilities 946 1,629
Other current liabilities 11,268 12,985
Total current liabilities 239,519 260,208
Deferred revenue and other contract liabilities, noncurrent 192,329 209,013
Other liabilities, noncurrent 2,099 2,811
Operating lease liabilities, noncurrent 564 2,738
Total liabilities 438,771 477,439
Commitments and Contingencies 0 0
Preferred stock - par value of $0.0001 per share, 100,000,000 shares authorized; 0 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively 0 0
Additional paid-in capital 101,281 106,691
Accumulated other comprehensive income 56 56
Accumulated deficit (117,097) (119,284)
Total stockholders’ deficit attributable to MarketWise, Inc. (15,759) (12,536)
Noncontrolling interest (211,259) (205,388)
Total stockholders’ deficit (227,018) (217,924)
Total liabilities and stockholders’ deficit 211,753 259,515
Common stock – Class A    
Current liabilities:    
Common stock 0 0
Common stock – Class B    
Current liabilities:    
Common stock 1 1
Nonrelated Party    
Current liabilities:    
Trade and other payables 2,637 4,011
Related Party    
Current assets:    
Operating lease right-of-use assets 2,363 3,172
Current liabilities:    
Trade and other payables 439 338
Related party TRA liability, noncurrent (Note 9) $ 4,260 $ 2,669