Marketwise (MKTW)
Market Price (6/27/2026): $16.96 | Market Cap: $42.2 MilSector: Financials | Industry: Financial Exchanges & Data
Marketwise (MKTW)
Market Price (6/27/2026): $16.96Market Cap: $42.2 MilSector: FinancialsIndustry: Financial Exchanges & Data
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 19%, Dividend Yield is 9.3%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 15%, FCF Yield is 95% Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -111% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 13%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 12% Megatrend and thematic driversMegatrends include Fintech & Digital Payments, and Digital Content & Streaming. Themes include Wealth Management Technology, and Financial Content & Education. | Weak multi-year price returns2Y Excs Rtn is -47%, 3Y Excs Rtn is -121% | Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -16%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -14%, Rev Chg QQuarterly Revenue Change % is -7.8% Key risksMKTW key risks include [1] a rapidly declining subscriber base and the associated decrease in revenue, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 19%, Dividend Yield is 9.3%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 15%, FCF Yield is 95% |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -111% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 13%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 12% |
| Megatrend and thematic driversMegatrends include Fintech & Digital Payments, and Digital Content & Streaming. Themes include Wealth Management Technology, and Financial Content & Education. |
| Weak multi-year price returns2Y Excs Rtn is -47%, 3Y Excs Rtn is -121% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -16%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -14%, Rev Chg QQuarterly Revenue Change % is -7.8% |
| Key risksMKTW key risks include [1] a rapidly declining subscriber base and the associated decrease in revenue, Show more. |
Qualitative Assessment
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Marketwise (MKTW) stock has gained about 30% since 2/28/2026 because of the following key factors:
1. Strong Fiscal Q1 2026 Billings Growth and Subscriber Rebound. MarketWise reported preliminary fiscal Q1 2026 financial updates on April 13, 2026, indicating a significant improvement in its operational performance. The company saw a 15% year-over-year increase in billings, reaching approximately $81 million, which was the highest quarterly billings figure since 2023. Additionally, paid subscribers returned to growth during fiscal Q1 2026, increasing to 381,000 by March 31, 2026, from 374,000 at the close of fiscal Q4 2025.
2. Strategic Focus on Higher-Value Subscribers Driving ARPU Growth. MarketWise's strategic initiative to target and retain higher-spending customers has yielded substantial results, contributing to its stock's positive trend. In fiscal Q1 2026, the company reported a 76% year-over-year growth in Average Revenue Per User (ARPU). This growth was supported by an increase in customers spending over $2,500, which rose to 36% of the subscriber base in fiscal Q1 2026, up from 31% at the end of fiscal Q4 2024.
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Marketwise (MKTW) stock has gained about 30% since 2/28/2026 because of the following key factors:
1. Strong Fiscal Q1 2026 Billings Growth and Subscriber Rebound. MarketWise reported preliminary fiscal Q1 2026 financial updates on April 13, 2026, indicating a significant improvement in its operational performance. The company saw a 15% year-over-year increase in billings, reaching approximately $81 million, which was the highest quarterly billings figure since 2023. Additionally, paid subscribers returned to growth during fiscal Q1 2026, increasing to 381,000 by March 31, 2026, from 374,000 at the close of fiscal Q4 2025.
2. Strategic Focus on Higher-Value Subscribers Driving ARPU Growth. MarketWise's strategic initiative to target and retain higher-spending customers has yielded substantial results, contributing to its stock's positive trend. In fiscal Q1 2026, the company reported a 76% year-over-year growth in Average Revenue Per User (ARPU). This growth was supported by an increase in customers spending over $2,500, which rose to 36% of the subscriber base in fiscal Q1 2026, up from 31% at the end of fiscal Q4 2024.
3. New Share Buyback Program and Consistent Dividend Payouts. Further bolstering investor confidence, MarketWise's board of directors authorized a new $50 million share buyback program on May 7, 2026. Concurrently, the company maintained its commitment to shareholder returns by declaring a regular quarterly cash dividend of $0.25 per share and a special cash dividend of $0.20 per share, totaling $0.45 per Class A share, payable on June 25, 2026. MarketWise affirmed its full-year 2026 dividend target of $1.80 per Class A share.
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Stock Movement Drivers
Fundamental Drivers
The 28.1% change in MKTW stock from 2/28/2026 to 6/26/2026 was primarily driven by a 79.8% change in the company's P/E Multiple.| (LTM values as of) | 2282026 | 6262026 | Change |
|---|---|---|---|
| Stock Price ($) | 13.24 | 16.96 | 28.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 342 | 322 | -6.0% |
| Net Income Margin (%) | 1.7% | 1.3% | -24.1% |
| P/E Multiple | 5.7 | 10.2 | 79.8% |
| Shares Outstanding (Mil) | 2 | 2 | -0.1% |
| Cumulative Contribution | 28.1% |
Market Drivers
2/28/2026 to 6/26/2026| Return | Correlation | |
|---|---|---|
| MKTW | 28.1% | |
| Market (SPY) | 6.6% | -0.3% |
| Sector (XLF) | 4.7% | -4.6% |
Fundamental Drivers
The 10.4% change in MKTW stock from 11/30/2025 to 6/26/2026 was primarily driven by a 55.0% change in the company's P/E Multiple.| (LTM values as of) | 11302025 | 6262026 | Change |
|---|---|---|---|
| Stock Price ($) | 15.36 | 16.96 | 10.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 342 | 322 | -6.0% |
| Net Income Margin (%) | 1.7% | 1.3% | -24.1% |
| P/E Multiple | 6.6 | 10.2 | 55.0% |
| Shares Outstanding (Mil) | 2 | 2 | -0.1% |
| Cumulative Contribution | 10.4% |
Market Drivers
11/30/2025 to 6/26/2026| Return | Correlation | |
|---|---|---|
| MKTW | 10.4% | |
| Market (SPY) | 7.3% | 4.7% |
| Sector (XLF) | 1.3% | 6.9% |
Fundamental Drivers
The 11.6% change in MKTW stock from 5/31/2025 to 6/26/2026 was primarily driven by a 105.2% change in the company's P/E Multiple.| (LTM values as of) | 5312025 | 6262026 | Change |
|---|---|---|---|
| Stock Price ($) | 15.19 | 16.96 | 11.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 383 | 322 | -16.1% |
| Net Income Margin (%) | 1.6% | 1.3% | -21.3% |
| P/E Multiple | 5.0 | 10.2 | 105.2% |
| Shares Outstanding (Mil) | 2 | 2 | -17.7% |
| Cumulative Contribution | 11.6% |
Market Drivers
5/31/2025 to 6/26/2026| Return | Correlation | |
|---|---|---|
| MKTW | 11.6% | |
| Market (SPY) | 25.1% | 9.6% |
| Sector (XLF) | 6.7% | 16.7% |
Fundamental Drivers
The -49.2% change in MKTW stock from 5/31/2023 to 6/26/2026 was primarily driven by a -52.4% change in the company's Net Income Margin (%).| (LTM values as of) | 5312023 | 6262026 | Change |
|---|---|---|---|
| Stock Price ($) | 33.37 | 16.96 | -49.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 502 | 322 | -35.9% |
| Net Income Margin (%) | 2.7% | 1.3% | -52.4% |
| P/E Multiple | 3.6 | 10.2 | 184.6% |
| Shares Outstanding (Mil) | 1 | 2 | -41.4% |
| Cumulative Contribution | -49.2% |
Market Drivers
5/31/2023 to 6/26/2026| Return | Correlation | |
|---|---|---|
| MKTW | -49.2% | |
| Market (SPY) | 81.3% | 18.0% |
| Sector (XLF) | 77.0% | 17.1% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| MKTW Return | -27% | -78% | 76% | -78% | 50% | 20% | -89% |
| Peers Return | 36% | -18% | 22% | 13% | 1% | -14% | 35% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 7% | 96% |
Monthly Win Rates [3] | |||||||
| MKTW Win Rate | 58% | 17% | 42% | 8% | 50% | 50% | |
| Peers Win Rate | 57% | 43% | 55% | 53% | 57% | 37% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| MKTW Max Drawdown | -61% | -79% | -52% | -82% | -43% | -21% | |
| Peers Max Drawdown | -13% | -40% | -21% | -17% | -21% | -24% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: CME, ICE, MSCI, VALU, SPGI.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 6/26/2026 (YTD)
How Low Can It Go
| Event | MKTW | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -22.6% | -18.8% |
| % Gain to Breakeven | 29.3% | 23.1% |
| Time to Breakeven | 8 days | 79 days |
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -37.0% | -7.8% |
| % Gain to Breakeven | 58.6% | 8.5% |
| Time to Breakeven | 344 days | 18 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -38.0% | -9.5% |
| % Gain to Breakeven | 61.2% | 10.5% |
| Time to Breakeven | 62 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -29.4% | -6.7% |
| % Gain to Breakeven | 41.7% | 7.1% |
| Time to Breakeven | 34 days | 31 days |
In The Past
Marketwise's stock fell -22.6% during the 2025 US Tariff Shock. Such a loss loss requires a 29.3% gain to breakeven.
Preserve Wealth
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Asset Allocation
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| Event | MKTW | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -22.6% | -18.8% |
| % Gain to Breakeven | 29.3% | 23.1% |
| Time to Breakeven | 8 days | 79 days |
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -37.0% | -7.8% |
| % Gain to Breakeven | 58.6% | 8.5% |
| Time to Breakeven | 344 days | 18 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -38.0% | -9.5% |
| % Gain to Breakeven | 61.2% | 10.5% |
| Time to Breakeven | 62 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -29.4% | -6.7% |
| % Gain to Breakeven | 41.7% | 7.1% |
| Time to Breakeven | 34 days | 31 days |
In The Past
Marketwise's stock fell -22.6% during the 2025 US Tariff Shock. Such a loss loss requires a 29.3% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Marketwise (MKTW)
MarketWise, Inc. (MKTW) operates a multi-brand platform of subscription businesses primarily focused on providing financial research, software, education, and analytical tools for investors. The company's core offerings include a diverse portfolio of independent investment research alongside various proprietary software and analytical tools, all delivered on a subscription basis. These services aim to empower investors with insights and resources to navigate financial markets.
MarketWise makes its content and tools accessible across multiple platforms, including desktops, laptops, tablets, and mobile phones, ensuring convenience for its user base. The company serves a large global audience of investors, both in the United States and internationally. It boasts approximately 972,000 paid subscribers, complemented by a substantial reach of about 13.7 million free subscribers, representing a broad market of individuals seeking financial information and investment support.
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Here are 1-2 brief analogies for Marketwise (MKTW):
- Marketwise is like **The Motley Fool, but with a multi-brand platform** offering a wider array of financial research, software, and tools.
- It's similar to **Morningstar, but focused on subscription-based financial research and educational tools** for a broad base of retail investors.
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- Financial Research: Marketwise offers a portfolio of independent investment research provided to subscribers.
- Investment Software and Tools: The company provides various software and analytical tools to assist investors on a subscription basis.
- Investment Education: Marketwise delivers educational content and programs designed for investors.
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MarketWise (MKTW) primarily sells to individuals. Its major customers can be categorized as follows:
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Individual Investors Seeking Premium Insights: This category comprises the approximately 972 thousand paid subscribers who actively purchase MarketWise's subscription-based financial research, specialized software, educational content, and advanced analytical tools. These customers are typically self-directed investors looking for in-depth analysis, specific investment recommendations, and proprietary tools to inform their financial decisions.
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Aspiring or Engaged Free Subscribers: This group consists of the approximately 13.7 million free subscribers who access MarketWise's free content and introductory services. These individuals are interested in financial markets and investment education but may be in an exploratory phase, new to investing, or utilizing free resources before potentially converting to paid subscriptions. They represent a significant lead generation pool for the company.
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Self-Directed Retail Investors: This overarching category encompasses both paid and free subscribers who engage with MarketWise's multi-brand platform to gain knowledge, receive market intelligence, and utilize tools to manage their own investments. They are individuals who are proactive in their financial journey, seeking to enhance their understanding and decision-making without relying solely on traditional financial advisors.
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Dr. David Eifrig was appointed permanent Chief Executive Officer of MarketWise in May 2025, having served as interim CEO since August 2024. He joined MarketWise full-time in 2008 after initially consulting with the company in 2004. Before joining MarketWise, Dr. Eifrig worked for Goldman Sachs in its first derivatives group in New York and London. He earned a Master of Business Administration degree from Northwestern University's Kellogg School of Management and an M.D. from the University of North Carolina at Chapel Hill, also completing a Molecular Biology Fellowship at Duke University. Dr. Eifrig is a published peer-reviewed scientist. He launched his health and wealth advisory, "Retirement Millionaire," in early 2009, and his option trading advisory, "Retirement Trader," in 2010.
Erik Mickels, Chief Operating and Financial Officer
Erik Mickels was appointed Chief Operating and Financial Officer (COFO) of MarketWise in August 2025, a role that combines his COO responsibilities with the CFO position he has held since August 2023. Prior to joining MarketWise, Mr. Mickels served as Group Chief Financial Officer and Senior Vice President of Trilogy International Partners from 2016 to 2023. His experience at Trilogy includes guiding acquisitions and leading the sale of a billion-dollar international subsidiary. Earlier in his career, he spent 14 years at KPMG in increasingly senior positions. Mr. Mickels holds a Bachelor of Science degree in Accounting from Hillsdale College, is a Certified Public Accountant, and is a graduate of Harvard Business School's Advanced Management Program.
Marco Galsim, Chief Information Officer
Marco Galsim serves as the Chief Information Officer for MarketWise, where he is responsible for leading the development of the company's technology infrastructure.
Scott Forney, General Counsel and Corporate Secretary
Scott Forney holds the titles of General Counsel and Corporate Secretary at MarketWise.
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The key risks to MarketWise (MKTW) are:
- Inability to Attract and Retain Subscribers: MarketWise's business model is heavily dependent on its ability to attract new subscribers and persuade existing ones to renew their subscriptions and purchase additional products and services. The company has experienced a decline in both paid and active free subscribers, which directly impacts its revenue and operating results.
- Weakened Financial Health and Performance: MarketWise faces significant financial challenges, including declining revenue growth and profitability. The company has reported a revenue growth decline over the past three years and a significant earnings growth decline over the past year. Furthermore, there are concerns about its liquidity, indicated by low current and quick ratios, and its Altman Z-Score places the company in a distress zone, suggesting potential financial difficulties. The company also carries negative shareholders' equity, raising questions about its financial resilience.
- Regulatory Risks and Compliance Burdens: Operating in the capital markets industry, MarketWise is exposed to market volatility and ongoing regulatory changes. A significant risk is the potential reclassification of the company as an investment adviser, which could impose burdensome registration requirements and substantially increase compliance costs and liabilities. Additionally, evolving regulations related to data privacy and cybersecurity further contribute to increased compliance costs and potential legal exposure.
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The rapid advancement and increasing accessibility of artificial intelligence (AI) and large language models (LLMs) threaten to democratize access to sophisticated financial analysis, research, and personalized investment insights. These technologies could provide investors with highly detailed, customizable, and rapidly generated financial information and educational content, potentially at a lower cost or even for free, directly competing with and diminishing the perceived value of Marketwise's subscription-based financial research, software, and educational offerings.
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MarketWise, Inc. (MKTW) operates within several significant addressable markets related to financial services, catering to self-directed investors globally and particularly in North America.
The key addressable markets for MarketWise's main products and services are:
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Investment Management Software: The global investment management software market was valued at approximately USD 3.5 billion in 2023 and is projected to reach USD 7.6 billion by 2032, growing at a compound annual growth rate (CAGR) of 9.2%. North America is a dominant region, holding nearly 40% of the global market share in 2023. Another source indicates North America accounts for approximately 45% of the global market share.
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Investment Modeling Software: The global investment modeling software market is valued at approximately USD 4.8 billion in 2026 and is projected to reach USD 10.97 billion by 2035, growing at a CAGR of around 9.6% from 2026 to 2035.
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Stock Market Software: The global stock market software market size was valued at USD 3.47 billion in 2021 and is projected to reach USD 11.21 billion by 2031, growing at a CAGR of 12.8% from 2022 to 2031. North America dominated this market in 2021.
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Financial Analytics (for financial research): The global financial analytics market size was valued at USD 10.9 billion in 2023 and is projected to grow at a CAGR of 11.6% between 2024 and 2032. The U.S. market accounted for 70% of the revenue share in this industry in 2023. Other estimates place the global market at USD 8.74 billion in 2024, expected to reach USD 29.89 billion by 2035. North America is a market leader, holding a significant share of USD 4.5 billion in 2024.
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Online Investment Platforms (including tools): The global online investment platform market is projected to grow from USD 664.92 billion in 2023 to USD 1814.5 billion by 2032, exhibiting a CAGR of 11.8%. North America remains the largest market for online investment platforms, holding approximately 45% of the global market share.
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Investor Education (under Education Technology and Online Learning Platforms): The global education technology market size was estimated at USD 163.49 billion in 2024 and is projected to reach USD 348.41 billion by 2030, growing at a CAGR of 13.3%. North America dominated this market with the largest revenue share of 35.62% in 2024.
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Specifically, the global AI-driven education platform market is expected to reach USD 87.4 billion by 2034 from a base value of USD 7.2 billion in 2025. The U.S. AI-driven education platform market size is projected to be valued at USD 2.3 billion in 2025, growing to USD 24.8 billion in 2034.
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The global Learn-to-Earn Education Platform market size reached USD 3.9 billion in 2024 and is projected to grow to USD 18.8 billion by 2033. North America accounts for approximately 38% of the global market share in 2024, valued at about USD 1.48 billion.
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The global online learning platforms market size was valued at around USD 35.20 billion in 2023 and is projected to reach USD 130.79 billion by 2032, with a CAGR of roughly 15.70% between 2024 and 2032.
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Capital Allocation Decisions for MarketWise (MKTW)
Share Repurchases
- In November 2021, MarketWise authorized a share repurchase program of up to $35 million of Class A common stock, which expired in November 2023.
- In February 2025, a new $50 million Class A common stock repurchase program was authorized.
- Under the 2025 program, $3.4 million (209,726 shares) were repurchased between April and October 2025, with repurchases temporarily suspended after an acquisition proposal. The program is expected to resume after the filing of the company's FY25 annual report.
Share Issuance
- MarketWise became a publicly traded company in July 2021 through a SPAC merger with Ascendant Digital Acquisition Corp.
- On April 2, 2025, a 1-for-20 reverse stock split was effected to decrease the number of authorized shares and to help the company comply with Nasdaq's minimum bid price requirements.
- Potential for future dilution exists from MarketWise Members' right to exchange LLC Units for Class A common stock and from earnout shares for the Sponsor and management team.
Inbound Investments
- In October 2025, MarketWise received an unsolicited, non-binding proposal from Monument & Cathedral Holdings, LLC (M&C) to acquire all unowned equity interests for $17.25 per share in cash.
- This acquisition proposal was subsequently withdrawn by M&C in February 2026, as MarketWise's Board Special Committee determined it undervalued the company.
Capital Expenditures
- Capital expenditures were reported as $1.727 million in 2023, $0.681 million in 2024, and $1.567 million in 2025.
- These expenditures primarily consist of purchases of property and equipment, along with capitalized software development costs, aligning with the company's focus on its digital platform and tools.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Marketwise Earnings Notes | 12/16/2025 | |
| How Low Can Marketwise Stock Really Go? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 172.43 |
| Mkt Cap | 55.4 |
| Rev LTM | 4,999 |
| Op Inc LTM | 3,112 |
| FCF LTM | 2,856 |
| FCF 3Y Avg | 2,565 |
| CFO LTM | 3,007 |
| CFO 3Y Avg | 2,691 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 7.4% |
| Rev Chg 3Y Avg | 9.7% |
| Rev Chg Q | 12.0% |
| QoQ Delta Rev Chg LTM | 3.0% |
| Op Inc Chg LTM | 11.1% |
| Op Inc Chg 3Y Avg | 13.2% |
| Op Mgn LTM | 41.3% |
| Op Mgn 3Y Avg | 38.8% |
| QoQ Delta Op Mgn LTM | 0.7% |
| CFO/Rev LTM | 43.8% |
| CFO/Rev 3Y Avg | 43.9% |
| FCF/Rev LTM | 40.3% |
| FCF/Rev 3Y Avg | 40.3% |
Price Behavior
| Market Price | $16.96 | |
| Market Cap ($ Bil) | 0.0 | |
| First Trading Date | 09/14/2020 | |
| Distance from 52W High | -15.8% | |
| 50 Days | 200 Days | |
| DMA Price | $17.00 | $15.43 |
| DMA Trend | indeterminate | up |
| Distance from DMA | -0.2% | 9.9% |
| 3M | 1YR | |
| Volatility | 66.9% | 56.0% |
| Downside Capture | 114.48 | 69.36 |
| Upside Capture | 25.36 | 47.52 |
| Correlation (SPY) | 0.0% | 6.5% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 2.58 | 0.71 | -0.13 | 0.22 | 0.47 | 0.94 |
| Up Beta | 4.22 | -0.27 | -0.99 | -0.21 | 0.21 | 1.50 |
| Down Beta | 0.08 | -1.21 | -1.21 | 0.40 | -0.16 | 0.67 |
| Up Capture | 183% | 54% | 94% | 35% | 67% | 18% |
| Bmk +ve Days | 13 | 28 | 36 | 67 | 141 | 432 |
| Stock +ve Days | 8 | 21 | 34 | 60 | 120 | 343 |
| Down Capture | 312% | 341% | -5% | 19% | 90% | 97% |
| Bmk -ve Days | 7 | 13 | 27 | 57 | 109 | 318 |
| Stock -ve Days | 12 | 20 | 29 | 62 | 127 | 375 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with MKTW | |
|---|---|---|---|---|
| MKTW | -1.8% | 56.0% | 0.16 | - |
| Sector ETF (XLF) | 5.5% | 14.5% | 0.15 | 13.8% |
| Equity (SPY) | 21.2% | 12.4% | 1.26 | 6.5% |
| Gold (GLD) | 21.8% | 27.7% | 0.70 | -3.7% |
| Commodities (DBC) | 21.8% | 18.6% | 0.92 | -2.8% |
| Real Estate (VNQ) | 16.1% | 13.6% | 0.85 | 6.3% |
| Bitcoin (BTCUSD) | -44.7% | 42.5% | -1.27 | 8.8% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with MKTW | |
|---|---|---|---|---|
| MKTW | -36.8% | 77.3% | -0.26 | - |
| Sector ETF (XLF) | 10.7% | 18.6% | 0.44 | 19.6% |
| Equity (SPY) | 13.4% | 17.1% | 0.61 | 24.0% |
| Gold (GLD) | 17.8% | 18.3% | 0.79 | 6.5% |
| Commodities (DBC) | 7.4% | 19.5% | 0.28 | 8.6% |
| Real Estate (VNQ) | 3.4% | 18.9% | 0.08 | 19.7% |
| Bitcoin (BTCUSD) | 10.7% | 54.0% | 0.39 | 13.5% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with MKTW | |
|---|---|---|---|---|
| MKTW | -20.5% | 72.2% | -0.24 | - |
| Sector ETF (XLF) | 13.3% | 22.1% | 0.55 | 18.1% |
| Equity (SPY) | 15.2% | 18.0% | 0.72 | 23.1% |
| Gold (GLD) | 11.8% | 16.1% | 0.60 | 6.3% |
| Commodities (DBC) | 5.9% | 18.0% | 0.26 | 8.1% |
| Real Estate (VNQ) | 5.6% | 20.7% | 0.23 | 18.8% |
| Bitcoin (BTCUSD) | 54.6% | 66.4% | 0.95 | 12.3% |
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Returns Analyses
Earnings Returns History
Updated 6/10/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/7/2026 | -0.8% | 8.7% | 1.1% |
| 3/6/2026 | 1.4% | -1.0% | 30.6% |
| 11/6/2025 | 1.9% | 0.5% | 0.3% |
| 8/7/2025 | -6.1% | 0.4% | -6.7% |
| 5/8/2025 | 0.9% | 20.4% | 37.8% |
| 2/28/2025 | 24.0% | 19.5% | -17.5% |
| 11/7/2024 | 0.5% | -19.2% | -11.4% |
| 8/14/2024 | -3.3% | 6.9% | -1.0% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 11 | 10 | 6 |
| # Negative | 7 | 8 | 12 |
| Median Positive | 3.0% | 9.8% | 25.1% |
| Median Negative | -6.1% | -6.1% | -16.1% |
| Max Positive | 24.0% | 27.7% | 45.8% |
| Max Negative | -22.4% | -29.2% | -32.7% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/7/2026 | -0.8% | 8.7% | 1.1% |
| 3/6/2026 | 1.4% | -1.0% | 30.6% |
| 11/6/2025 | 1.9% | 0.5% | 0.3% |
| 8/7/2025 | -6.1% | 0.4% | -6.7% |
| 5/8/2025 | 0.9% | 20.4% | 37.8% |
| 2/28/2025 | 24.0% | 19.5% | -17.5% |
| 11/7/2024 | 0.5% | -19.2% | -11.4% |
| 8/14/2024 | -3.3% | 6.9% | -1.0% |
| 5/15/2024 | 3.8% | -0.6% | -21.2% |
| 3/7/2024 | 7.6% | 8.7% | -10.4% |
| 11/9/2023 | 2.6% | 21.8% | 19.7% |
| 8/10/2023 | -20.5% | -13.5% | -24.8% |
| 5/11/2023 | 7.8% | 10.8% | 45.8% |
| 11/3/2022 | -18.4% | -6.4% | -17.9% |
| 8/8/2022 | 10.0% | 27.7% | -14.7% |
| 5/9/2022 | -22.4% | -29.2% | -32.7% |
| 3/10/2022 | 3.0% | -5.9% | -7.8% |
| 11/10/2021 | -6.1% | -2.9% | -20.7% |
| SUMMARY STATS | |||
| # Positive | 11 | 10 | 6 |
| # Negative | 7 | 8 | 12 |
| Median Positive | 3.0% | 9.8% | 25.1% |
| Median Negative | -6.1% | -6.1% | -16.1% |
| Max Positive | 24.0% | 27.7% | 45.8% |
| Max Negative | -22.4% | -29.2% | -32.7% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/07/2026 | 10-Q |
| 12/31/2025 | 03/06/2026 | 10-K |
| 09/30/2025 | 11/06/2025 | 10-Q |
| 06/30/2025 | 08/07/2025 | 10-Q |
| 03/31/2025 | 05/08/2025 | 10-Q |
| 12/31/2024 | 03/06/2025 | 10-K |
| 09/30/2024 | 11/07/2024 | 10-Q |
| 06/30/2024 | 08/14/2024 | 10-Q |
| 03/31/2024 | 05/15/2024 | 10-Q |
| 12/31/2023 | 03/07/2024 | 10-K |
| 09/30/2023 | 11/09/2023 | 10-Q |
| 06/30/2023 | 08/10/2023 | 10-Q |
| 03/31/2023 | 05/11/2023 | 10-Q |
| 12/31/2022 | 03/31/2023 | 10-K |
| 09/30/2022 | 11/03/2022 | 10-Q |
| 06/30/2022 | 08/08/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/07/2026 | 10-Q |
| 12/31/2025 | 03/06/2026 | 10-K |
| 09/30/2025 | 11/06/2025 | 10-Q |
| 06/30/2025 | 08/07/2025 | 10-Q |
| 03/31/2025 | 05/08/2025 | 10-Q |
| 12/31/2024 | 03/06/2025 | 10-K |
| 09/30/2024 | 11/07/2024 | 10-Q |
| 06/30/2024 | 08/14/2024 | 10-Q |
| 03/31/2024 | 05/15/2024 | 10-Q |
| 12/31/2023 | 03/07/2024 | 10-K |
| 09/30/2023 | 11/09/2023 | 10-Q |
| 06/30/2023 | 08/10/2023 | 10-Q |
| 03/31/2023 | 05/11/2023 | 10-Q |
| 12/31/2022 | 03/31/2023 | 10-K |
| 09/30/2022 | 11/03/2022 | 10-Q |
| 06/30/2022 | 08/08/2022 | 10-Q |
| 03/31/2022 | 05/09/2022 | 10-Q |
| 12/31/2021 | 03/10/2022 | 10-K |
| 09/30/2021 | 11/12/2021 | 10-Q |
Recent Forward Guidance
Updated 6/1/2026Latest: Q1 2026 Earnings Reported 5/7/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Revenue | 300.00 Mil | 0 | Affirmed | Guidance: 300.00 Mil for 2026 | |||
| 2026 CFFO | 50.00 Mil | 0 | Affirmed | Guidance: 50.00 Mil for 2026 | |||
| 2026 Dividends | 1.8 | 0 | Affirmed | Guidance: 1.8 for 2026 | |||
| 2026 Tax distributions | 35.00 Mil | -30.0% | Lower New | Actual: 50.00 Mil for 2025 | |||
Prior: Q4 2025 Earnings Reported 3/6/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Billings | 300.00 Mil | 3.4% | Raised | Guidance: 290.00 Mil for 2026 | |||
| 2026 CFFO | 50.00 Mil | 11.1% | Raised | Guidance: 45.00 Mil for 2026 | |||
| 2026 Dividends | 1.8 | 12.5% | Raised | Guidance: 1.6 for 2026 | |||
Insider Activity
Updated 6/8/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Stansberry, Frank Porter | Direct | Buy | 5262026 | 17.88 | 10,000 | 178,800 | 6,534,961 | Form | |
| 2 | Stansberry, Frank Porter | Direct | Buy | 5222026 | 17.21 | 20,100 | 345,921 | 6,117,983 | Form | |
| 3 | Stansberry, Frank Porter | Direct | Buy | 5192026 | 16.50 | 3,623 | 59,776 | 5,533,565 | Form | |
| 4 | Stansberry, Frank Porter | Direct | Buy | 5192026 | 16.71 | 11 | 184 | 5,543,827 | Form | |
| 5 | Stansberry, Frank Porter | Direct | Buy | 5142026 | 18.12 | 20,000 | 362,400 | 6,011,419 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Stansberry, Frank Porter | Direct | Buy | 5262026 | 17.88 | 10,000 | 178,800 | 6,534,961 | Form | |
| 2 | Stansberry, Frank Porter | Direct | Buy | 5222026 | 17.21 | 20,100 | 345,921 | 6,117,983 | Form | |
| 3 | Stansberry, Frank Porter | Direct | Buy | 5192026 | 16.50 | 3,623 | 59,776 | 5,533,565 | Form | |
| 4 | Stansberry, Frank Porter | Direct | Buy | 5192026 | 16.71 | 11 | 184 | 5,543,827 | Form | |
| 5 | Stansberry, Frank Porter | Direct | Buy | 5142026 | 18.12 | 20,000 | 362,400 | 6,011,419 | Form | |
| 6 | Stansberry, Frank Porter | Direct | Buy | 5142026 | 18.50 | 10,000 | 185,000 | 5,767,486 | Form | |
| 7 | Stansberry, Frank Porter | Direct | Buy | 5122026 | 18.89 | 10,000 | 188,900 | 5,700,171 | Form | |
| 8 | Stansberry, Frank Porter | Direct | Buy | 5122026 | 18.99 | 41,375 | 785,682 | 5,540,240 | Form | |
| 9 | Stansberry, Frank Porter | Direct | Buy | 3232026 | 15.19 | 17,270 | 262,375 | 3,803,924 | Form | |
| 10 | Stansberry, Frank Porter | Direct | Buy | 3232026 | 14.28 | 23,103 | 329,911 | 3,328,825 | Form | |
| 11 | Mickels, Erik | Chief Financial Officer | Direct | Sell | 3202026 | 13.83 | 3,334 | 46,109 | 1,176,435 | Form |
| 12 | Mickels, Erik | Chief Financial Officer | Direct | Sell | 3202026 | 14.10 | 6,666 | 93,991 | 1,246,412 | Form |
| 13 | Mickels, Erik | Chief Financial Officer | Direct | Sell | 3122026 | 14.73 | 6,666 | 98,190 | 831,317 | Form |
| 14 | Mickels, Erik | Chief Financial Officer | Direct | Sell | 3122026 | 15.20 | 3,334 | 50,677 | 959,166 | Form |
| 15 | Mickels, Erik | Chief Financial Officer | Direct | Buy | 6202025 | 17.94 | 940 | 16,864 | 1,255,764 | Form |
Industry Resources
| Financials Resources |
| Federal Reserve Economic Data |
| Federal Reserve |
| FDIC Data |
| American Banker |
| The Banker |
| Banking Technology |
| Financial Exchanges & Data Resources |
| WatersTechnology |
| TabbFORUM |
| Mondovisione |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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