Forensic Analysis · Technology / Software · as of Aug 12, 2026

Marketwise, Inc. (MKTW)

A forensic read on Marketwise, Inc. built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.

D · Weak — demands caution

Forensic grade

Distress

Financial health

-2.1

Distress distance

Watch

Earnings quality

Forensic signals

78.7

P / E (ttm)

$298M

Market cap

4.69%

Dividend yield

-19.7%

Revenue growth

This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (red flags, auditor quality, say on pay, board independence). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.

Marketwise, Inc. earns a D (Weak — demands caution) forensic quality grade, and its balance-sheet distress test reads -2.1, placing it in the Distress zone. 2 forensic signals were flagged in its latest SEC filings, led by stock-based comp load.

What the filings flag

3% of rev

FY2025

Stock-based comp load. Stock-based compensation ran 3% of revenue and 24% of free cash flow in FY2025 — about $4.56 per diluted share. The cost of it is not in the cash flow — no cash left the business — it is in the count: holders gave up about 21.0% of the company a year, and that rate is not falling. That is the figure to weigh, not the share of free cash flow.

n/m (stock split)

FY2022–FY2025

Share count (stock split). Diluted share count changed -90% over the last 3 years to FY2025, but that includes a large one-time change around FY2023 consistent with a stock split or reverse split, not gradual buybacks or issuance — a split changes the count with NO effect on any holder's proportional ownership, so the raw -53.8%/yr figure isn't a real buyback/dilution read here.

Key fundamentals

Latest Revenue$328.1M

Revenue Growth YoY-19.7%

Net Margin1.7%

Free Cash Flow$45.6M

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Data from SEC EDGAR public filings · metrics as of Aug 12, 2026. Forensic signals flag probability, not certainty.