Tearsheet

Marketwise (MKTW)


Market Price (5/13/2026): $18.99 | Market Cap: $47.3 Mil
Sector: Financials | Industry: Financial Exchanges & Data

Marketwise (MKTW)


Market Price (5/13/2026): $18.99
Market Cap: $47.3 Mil
Sector: Financials
Industry: Financial Exchanges & Data

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 18%, Dividend Yield is 8.7%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 14%, FCF Yield is 89%

Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -104%

Attractive cash flow generation
CFO/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 drivers
Megatrends include Fintech & Digital Payments, and Digital Content & Streaming. Themes include Wealth Management Technology, and Financial Content & Education.

Weak multi-year price returns
2Y Excs Rtn is -75%, 3Y Excs Rtn is -107%

Weak revenue growth
Rev 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 risks
MKTW key risks include [1] a rapidly declining subscriber base and the associated decrease in revenue, Show more.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 18%, Dividend Yield is 8.7%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 14%, FCF Yield is 89%
1 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -104%
2 Attractive cash flow generation
CFO/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%
3 Megatrend and thematic drivers
Megatrends include Fintech & Digital Payments, and Digital Content & Streaming. Themes include Wealth Management Technology, and Financial Content & Education.
4 Weak multi-year price returns
2Y Excs Rtn is -75%, 3Y Excs Rtn is -107%
5 Weak revenue growth
Rev 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%
6 Key risks
MKTW key risks include [1] a rapidly declining subscriber base and the associated decrease in revenue, Show more.

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Marketwise (MKTW) stock has gained about 15% since 1/31/2026 because of the following key factors:

1. Strong Q4 2025 Financial Performance and Upbeat 2026 Outlook.

MarketWise reported robust fourth-quarter 2025 earnings on March 6, 2026, with an EPS of $0.77, significantly surpassing analyst estimates of ($0.22). The company also exceeded revenue expectations, reporting $83.39 million against an estimated $70.60 million, and announced a 42% year-over-year increase in Q4 2025 Billings. Crucially, MarketWise raised its fiscal year 2026 guidance for Billings to $300 million and for Cash from Operating Activities to $50 million, signaling strong future performance.

2. Increased Shareholder Returns Through Dividends.

The company demonstrated a commitment to returning value to shareholders by increasing its regular quarterly dividend. On March 3, 2026, the regular quarterly cash dividend was raised by 20% to $0.25 per share, alongside a special cash dividend of $0.20 per share, resulting in a 13% dividend yield. This was further reinforced by the May 2026 declaration of quarterly regular and special dividends totaling $0.45 per Class A share.

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Stock Movement Drivers

Fundamental Drivers

The 12.5% change in MKTW stock from 1/31/2026 to 5/12/2026 was primarily driven by a 58.0% change in the company's P/E Multiple.
(LTM values as of)13120265122026Change
Stock Price ($)16.0518.0612.5%
Change Contribution By: 
Total Revenues ($ Mil)342322-6.0%
Net Income Margin (%)1.7%1.3%-24.1%
P/E Multiple6.910.858.0%
Shares Outstanding (Mil)22-0.1%
Cumulative Contribution12.5%

LTM = Last Twelve Months as of date shown

Market Drivers

1/31/2026 to 5/12/2026
ReturnCorrelation
MKTW12.5% 
Market (SPY)7.0%4.6%
Sector (XLF)-3.0%8.4%

Fundamental Drivers

The 12.3% change in MKTW stock from 10/31/2025 to 5/12/2026 was primarily driven by a 72.6% change in the company's P/E Multiple.
(LTM values as of)103120255122026Change
Stock Price ($)16.0818.0612.3%
Change Contribution By: 
Total Revenues ($ Mil)358322-10.2%
Net Income Margin (%)1.7%1.3%-23.4%
P/E Multiple6.310.872.6%
Shares Outstanding (Mil)22-5.4%
Cumulative Contribution12.3%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2025 to 5/12/2026
ReturnCorrelation
MKTW12.3% 
Market (SPY)8.8%3.4%
Sector (XLF)-0.7%5.8%

Fundamental Drivers

The 45.3% change in MKTW stock from 4/30/2025 to 5/12/2026 was primarily driven by a 208.9% change in the company's P/E Multiple.
(LTM values as of)43020255122026Change
Stock Price ($)12.4318.0645.3%
Change Contribution By: 
Total Revenues ($ Mil)409322-21.3%
Net Income Margin (%)1.7%1.3%-25.2%
P/E Multiple3.510.8208.9%
Shares Outstanding (Mil)22-20.1%
Cumulative Contribution45.3%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2025 to 5/12/2026
ReturnCorrelation
MKTW45.3% 
Market (SPY)34.6%9.6%
Sector (XLF)7.4%16.8%

Fundamental Drivers

The -35.0% change in MKTW stock from 4/30/2023 to 5/12/2026 was primarily driven by a -63.2% change in the company's Net Income Margin (%).
(LTM values as of)43020235122026Change
Stock Price ($)27.7718.06-35.0%
Change Contribution By: 
Total Revenues ($ Mil)512322-37.2%
Net Income Margin (%)3.5%1.3%-63.2%
P/E Multiple2.210.8386.1%
Shares Outstanding (Mil)12-42.1%
Cumulative Contribution-35.0%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2023 to 5/12/2026
ReturnCorrelation
MKTW-35.0% 
Market (SPY)84.4%17.8%
Sector (XLF)63.2%17.1%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
MKTW Return-27%-78%76%-78%50%28%-88%
Peers Return33%-15%20%13%-6%-3%39%
S&P 500 Return27%-19%24%23%16%8%97%

Monthly Win Rates [3]
MKTW Win Rate58%17%42%8%50%60% 
Peers Win Rate54%46%54%52%43%36% 
S&P 500 Win Rate75%42%67%75%67%60% 

Max Drawdowns [4]
MKTW Max Drawdown-43%-79%-23%-82%-13%-9% 
Peers Max Drawdown-9%-26%-11%-14%-18%-15% 
S&P 500 Max Drawdown-1%-25%-1%-2%-15%-7% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: CME, ICE, MSCI, VALU, DTCX.
[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 5/12/2026 (YTD)

How Low Can It Go

EventMKTWS&P 500
2025 US Tariff Shock
  % Loss-22.6%-18.8%
  % Gain to Breakeven29.3%23.1%
  Time to Breakeven8 days79 days
2024 Yen Carry Trade Unwind
  % Loss-37.0%-7.8%
  % Gain to Breakeven58.6%8.5%
  Time to Breakeven344 days18 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-38.0%-9.5%
  % Gain to Breakeven61.2%10.5%
  Time to Breakeven62 days24 days
2023 SVB Regional Banking Crisis
  % Loss-29.4%-6.7%
  % Gain to Breakeven41.7%7.1%
  Time to Breakeven34 days31 days

Compare to CME, ICE, MSCI, VALU, DTCX

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.

EventMKTWS&P 500
2025 US Tariff Shock
  % Loss-22.6%-18.8%
  % Gain to Breakeven29.3%23.1%
  Time to Breakeven8 days79 days
2024 Yen Carry Trade Unwind
  % Loss-37.0%-7.8%
  % Gain to Breakeven58.6%8.5%
  Time to Breakeven344 days18 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-38.0%-9.5%
  % Gain to Breakeven61.2%10.5%
  Time to Breakeven62 days24 days
2023 SVB Regional Banking Crisis
  % Loss-29.4%-6.7%
  % Gain to Breakeven41.7%7.1%
  Time to Breakeven34 days31 days

Compare to CME, ICE, MSCI, VALU, DTCX

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. operates a multi-brand platform of subscription businesses that provides financial research, software, education, and tools for investors in the United States and Internationally. The company offers a portfolio of independent investment research, as well as various software and analytical tools on a subscription basis. It provides its research across various platforms, including desktop and laptop, as well as mobile devices, such as tablets and mobile phones. The company serves approximately 972 thousand paid subscribers and approximately 13.7 million free subscribers. MarketWise, Inc. was founded in 1999 and is headquartered in Baltimore, Maryland.

AI Analysis | Feedback

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.

AI Analysis | Feedback

  • 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.

AI Analysis | Feedback

MarketWise (MKTW) primarily sells to individuals. Its major customers can be categorized as follows:

  1. 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.

  2. 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.

  3. 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.

AI Analysis | Feedback

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AI Analysis | Feedback

Dr. David Eifrig, Chief Executive Officer
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.

AI Analysis | Feedback

The key risks to MarketWise (MKTW) are:

  1. 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.
  2. 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.
  3. 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.

AI Analysis | Feedback

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.

AI Analysis | Feedback

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:

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

    • 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.

    • 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.

    • 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.

AI Analysis | Feedback

MarketWise (MKTW) is expected to drive future revenue growth over the next 2-3 years through several strategic initiatives focused on its subscription-based financial research, software, education, and tools platform. Here are the key drivers of future revenue growth for MarketWise: * **Billings Growth Leading to Net Revenue Stabilization and Growth:** MarketWise considers "Billings" (current period cash sales) a leading indicator for future GAAP revenue. The company reported a 13% increase in FY 2025 Billings and a significant 42% year-over-year increase in Q4 2025 Billings. MarketWise projects FY 2026 Billings to reach approximately $300 million, representing an 11% growth from FY 2025. Net revenue is anticipated to stabilize in fiscal year 2026 and return to growth in fiscal year 2027. * **Paid Subscriber Stabilization and Gradual Growth:** After a period of decline in paid subscriber count, primarily attributed to the discontinuation of Legacy Research Brands in 2024, MarketWise observed a stabilization in its subscriber base during the second half of 2025. The company's strategic context explicitly identifies "Paid Subscriber stabilization and gradual growth" as a key driver. * **Average Revenue Per User (ARPU) Expansion Through Price Optimization and Product Mix Shift:** MarketWise is implementing a strategy to increase the revenue generated from each subscriber. The introduction of higher price points has already led to increased ARPUs and customer lifetime values (LTVs), despite impacting subscriber volumes. The company plans to further "optimize pricing tiers to balance ARPU with retention" and drive "ARPU Expansion" through price increases and a shift in its product mix. * **New Product Launches Targeting Adjacent Market Segments:** A stated growth driver for MarketWise is the introduction of new products. The company aims to "launch new entry-level products to widen the top of funnel" and pursue "New product launches targeting adjacent market segments" to attract a broader customer base and expand its market reach. * **Improved Renewal Rates and Cross-Brand/Cross-Sell Synergies:** MarketWise is focused on enhancing customer retention by working to "improve renewal rates through enhanced engagement" and deploying "data-driven retention campaigns for at-risk subscribers." Additionally, the company is targeting "Cross-brand and cross-sell revenue synergies between brands," indicating efforts to encourage existing subscribers to engage with more of its diverse offerings.

AI Analysis | Feedback

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.

Better Bets vs. Marketwise (MKTW)

Latest Trefis Analyses

TitleDate
0DASHBOARDS 
1Marketwise Earnings Notes12/16/2025
2How Low Can Marketwise Stock Really Go?10/17/2025
Title
0ARTICLES

Trade Ideas

Select ideas related to MKTW.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
EEFT_4302026_Dip_Buyer_ValueBuy04302026EEFTEuronet WorldwideDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
0.0%0.0%0.0%
HOMB_4242026_Insider_Buying_GTE_1Mil_EBITp+DE_V204242026HOMBHome BancSharesInsiderInsider Buys | Low D/EStrong Insider Buying
Companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap
1.5%1.5%0.0%
HBAN_3312026_Insider_Buying_45D_2Buy_200K03312026HBANHuntington BancsharesInsiderInsider Buys 45DStrong Insider Buying
Companies with multiple insider buys in the last 45 days
7.1%7.1%0.0%
NP_3312026_Insider_Buying_45D_2Buy_200K03312026NPNeptune InsuranceInsiderInsider Buys 45DStrong Insider Buying
Companies with multiple insider buys in the last 45 days
3.9%3.9%0.0%
JKHY_3272026_Monopoly_xInd_xCD_Getting_Cheaper03272026JKHYJack Henry & AssociatesMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
0.3%0.3%-4.0%

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

MKTWCMEICEMSCIVALUDTCXMedian
NameMarketwi.CME Intercon.MSCI Value Li.Datacent. 
Mkt Price18.06285.75155.81581.0933.932.3194.87
Mkt Cap0.0102.788.342.60.3-42.6
Rev LTM3226,75813,0773,23934-3,239
Op Inc LTM454,4315,4521,7935-1,793
FCF LTM404,3294,2441,46819-1,468
FCF 3Y Avg253,8393,7881,34219-1,342
CFO LTM424,4205,0221,59419-1,594
CFO 3Y Avg273,9264,4951,45619-1,456

Growth & Margins

MKTWCMEICEMSCIVALUDTCXMedian
NameMarketwi.CME Intercon.MSCI Value Li.Datacent. 
Rev Chg LTM-16.1%7.5%7.3%10.9%-5.2%-7.3%
Rev Chg 3Y Avg-13.8%9.7%10.8%12.4%-5.5%-9.7%
Rev Chg Q-7.8%14.5%13.5%14.1%-7.7%-13.5%
QoQ Delta Rev Chg LTM-2.0%3.6%3.5%3.3%-2.0%-3.3%
Op Inc Chg LTM-49.8%8.6%19.4%14.5%-27.1%-8.6%
Op Inc Chg 3Y Avg-2.8%13.1%13.7%13.3%-24.6%-13.1%
Op Mgn LTM13.9%65.6%41.7%55.4%14.3%-41.7%
Op Mgn 3Y Avg15.9%64.1%39.7%54.3%20.1%-39.7%
QoQ Delta Op Mgn LTM-5.3%0.7%2.1%0.7%-1.3%-0.7%
CFO/Rev LTM13.1%65.4%38.4%49.2%57.2%-49.2%
CFO/Rev 3Y Avg7.3%63.0%38.0%49.7%52.3%-49.7%
FCF/Rev LTM12.5%64.1%32.5%45.3%57.1%-45.3%
FCF/Rev 3Y Avg6.9%61.6%32.0%45.9%52.0%-45.9%

Valuation

MKTWCMEICEMSCIVALUDTCXMedian
NameMarketwi.CME Intercon.MSCI Value Li.Datacent. 
Mkt Cap0.0102.788.342.60.3-42.6
P/S0.115.26.813.19.4-9.4
P/Op Inc1.023.216.223.765.8-23.2
P/EBIT1.017.814.823.965.8-17.8
P/E10.824.022.532.314.5-22.5
P/CFO1.123.217.626.716.5-17.6
Total Yield18.0%6.8%5.7%4.4%10.7%-6.8%
Dividend Yield8.7%2.6%1.3%1.3%3.8%-2.6%
FCF Yield 3Y Avg44.5%4.1%4.3%3.2%4.3%-4.3%
D/E0.10.00.20.20.0-0.1
Net D/E-1.00.00.20.1-0.3-0.0

Returns

MKTWCMEICEMSCIVALUDTCXMedian
NameMarketwi.CME Intercon.MSCI Value Li.Datacent. 
1M Rtn11.3%-3.2%-3.0%8.3%-2.4%-5.7%-2.7%
3M Rtn19.9%-4.6%-5.2%13.1%-8.1%8.5%1.9%
6M Rtn13.2%5.4%3.2%0.1%-7.1%-43.9%1.6%
12M Rtn30.3%9.7%-9.1%3.5%-13.7%-43.9%-2.8%
3Y Rtn-34.3%75.8%49.0%27.9%-24.1%-43.9%1.9%
1M Excs Rtn2.0%-12.4%-12.6%-2.3%-9.9%-6.2%-8.0%
3M Excs Rtn13.3%-11.2%-11.8%6.5%-14.8%1.8%-4.7%
6M Excs Rtn1.5%-3.7%-4.8%-9.6%-18.2%-53.9%-7.2%
12M Excs Rtn0.3%-26.4%-42.4%-24.9%-41.5%-74.7%-34.0%
3Y Excs Rtn-106.9%-3.3%-29.5%-51.7%-101.1%-122.9%-76.4%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Single Segment409448   
Membership subscriptions  195192135
Non-subscription revenue  458
Term subscriptions  314352222
Total409448512549364


Price Behavior

Price Behavior
Market Price$18.06 
Market Cap ($ Bil)0.0 
First Trading Date09/14/2020 
Distance from 52W High-12.7% 
   50 Days200 Days
DMA Price$16.63$15.84
DMA Trendindeterminateup
Distance from DMA8.6%14.0%
 3M1YR
Volatility80.9%57.7%
Downside Capture36.8392.85
Upside Capture97.8496.99
Correlation (SPY)1.4%11.0%
MKTW Betas & Captures as of 4/30/2026

 1M2M3M6M1Y3Y
Beta-0.37-0.460.04-0.210.380.92
Up Beta-1.36-1.54-0.80-0.500.061.46
Down Beta-11.12-1.27-0.21-0.16-0.070.63
Up Capture-13%89%56%19%76%21%
Bmk +ve Days15223166141428
Stock +ve Days13263761126346
Down Capture748%-58%33%-50%67%96%
Bmk -ve Days4183056108321
Stock -ve Days9172661123373

[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
MKTW31.2%57.6%0.67-
Sector ETF (XLF)5.1%14.6%0.1217.2%
Equity (SPY)32.5%12.4%1.9810.9%
Gold (GLD)41.3%26.9%1.26-7.1%
Commodities (DBC)50.3%18.5%2.06-4.6%
Real Estate (VNQ)12.8%13.5%0.654.3%
Bitcoin (BTCUSD)-21.0%41.7%-0.4611.4%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with MKTW
MKTW-36.3%77.1%-0.25-
Sector ETF (XLF)8.7%18.6%0.3519.4%
Equity (SPY)13.7%17.1%0.6324.1%
Gold (GLD)21.0%17.9%0.956.7%
Commodities (DBC)11.4%19.4%0.479.0%
Real Estate (VNQ)3.9%18.8%0.1119.6%
Bitcoin (BTCUSD)7.2%55.9%0.3413.1%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with MKTW
MKTW-20.2%72.8%-0.24-
Sector ETF (XLF)12.7%22.1%0.5318.1%
Equity (SPY)15.5%17.9%0.7423.3%
Gold (GLD)13.4%15.9%0.706.4%
Commodities (DBC)8.4%17.9%0.398.6%
Real Estate (VNQ)5.6%20.7%0.2418.8%
Bitcoin (BTCUSD)68.2%66.8%1.0712.4%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date4302026
Short Interest: Shares Quantity0.0 Mil
Short Interest: % Change Since 41520269.4%
Average Daily Volume0.0 Mil
Days-to-Cover Short Interest1
Basic Shares Quantity2.5 Mil
Short % of Basic Shares0.9%

Earnings Returns History

Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
4/13/2026-1.4%3.3%9.5%
1/22/20267.0%2.4%-8.9%
11/6/20251.9%0.5%0.3%
8/7/2025-6.1%0.4%-6.7%
2/28/202524.0%19.5%-17.5%
11/7/20240.5%-19.2%-11.4%
8/14/2024-3.3%6.9%-1.0%
3/7/20247.6%8.7%-10.4%
...
SUMMARY STATS   
# Positive994
# Negative6611
Median Positive7.0%6.9%8.6%
Median Negative-6.1%-6.7%-11.4%
Max Positive24.0%27.7%19.7%
Max Negative-20.5%-19.2%-24.8%

SEC Filings

Expand for More
Report DateFiling DateFiling
03/31/202605/07/202610-Q
12/31/202503/06/202610-K
09/30/202511/06/202510-Q
06/30/202508/07/202510-Q
03/31/202505/08/202510-Q
12/31/202403/06/202510-K
09/30/202411/07/202410-Q
06/30/202408/14/202410-Q
03/31/202405/15/202410-Q
12/31/202303/07/202410-K
09/30/202311/09/202310-Q
06/30/202308/10/202310-Q
03/31/202305/11/202310-Q
12/31/202203/31/202310-K
09/30/202211/03/202210-Q
06/30/202208/08/202210-Q

Recent Forward Guidance [BETA]

Latest: Q1 2026 Earnings Reported 5/7/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
2026 Revenue 300.00 Mil 0 AffirmedGuidance: 300.00 Mil for 2026
2026 CFFO 50.00 Mil 0 AffirmedGuidance: 50.00 Mil for 2026
2026 Dividends 1.8 0 AffirmedGuidance: 1.8 for 2026
2026 Tax distributions 35.00 Mil -30.0% Lower NewActual: 50.00 Mil for 2025

Prior: Q4 2025 Earnings Reported 3/6/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
2026 Billings 300.00 Mil 3.4% RaisedGuidance: 290.00 Mil for 2026
2026 CFFO 50.00 Mil 11.1% RaisedGuidance: 45.00 Mil for 2026
2026 Dividends 1.8 12.5% RaisedGuidance: 1.6 for 2026

Insider Activity

Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Stansberry, Frank Porter DirectBuy323202615.1917,270262,3753,803,924Form
2Stansberry, Frank Porter DirectBuy323202614.2823,103329,9113,328,825Form
3Mickels, ErikChief Financial OfficerDirectSell320202613.833,33446,1091,176,435Form
4Mickels, ErikChief Financial OfficerDirectSell320202614.106,66693,9911,246,412Form
5Mickels, ErikChief Financial OfficerDirectSell312202614.736,66698,190831,317Form