MARKETWISE, INC. (MKTW)

Nasdaq · Common Stock · Services-Prepackaged Software

One email a week from me: what it filed, which 13F holders added or cut, where its scores stand. Free.

Corporate structure

16 entities across 3 jurisdictions. Read directly from the company’s own 10-K EX-21 filed 2026-03-06 — see the exhibit.

Which other public companies file entities in the same places:

Subsidiaries of MARKETWISE, INC. as disclosed in its SEC filing
Entity	Jurisdiction	Note
MarketWise, LLC	Delaware
Alta Finance Group, LLC	Delaware
Alta Trading Group, LLC	Delaware
MarketWise Solutions, LLC	Maryland
Brownstone Research, LLC	Delaware
Chaikin Resources, LLC	Delaware
Chaikin Analytics, LLC	Delaware
Chaikin Investments, LLC	Delaware
Finpub, LLC	Delaware
Research, LLC	Maryland
InvestorPlace Media, LLC	Delaware
MarketWise Publishing Group, LLC	Delaware
Stansberry & Associates Investment Research, LLC	Maryland
Tradesmith, LLC	Florida
VRSH, LLC d/b/a Altimetry	Delaware
Wide Moat, LLC	Delaware

Financial health

Two standard screens, computed from the XBRL in FY2025 against FY2024. Every test shows the numbers behind it — a score with its inputs hidden is a number you cannot check.

Piotroski F-score

4 / 7

PASSReturn on assets positiveROA 2.6%
PASSOperating cash flow positiveOCF 46M
FAILReturn on assets improving2.7% → 2.6%
PASSCash flow exceeds earningsOCF 46M vs NI 6M
FAILLong-term debt ratio fallingno debt reported
FAILCurrent ratio improving0.65 → 0.56
PASSNo share dilution39M → 2M shares
FAILGross margin improvingno gross profit reported
FAILAsset turnover improving1.57× → 1.50×

Six-year record

Year	Revenue	Net income	Free cash flow	Gross margin	Shares
FY2020	$364.2M	−$538.4M	$55.6M	—	—
FY2021	$549.2M	−$1.0B	$63.5M	—	—
FY2022	$512.4M	$18.0M	$48.3M	—	24,747,000
FY2023	$448.2M	$1.8M	$62.4M	—	33,312,000
FY2024	$408.7M	$7.1M	−$22.3M	—	39,407,000
FY2025	$328.1M	$5.6M	$45.6M	—	2,436,000

Ownership flow

8 institutions tracked — 6 added, 2 reduced.

Institutional holders of MARKETWISE, INC. and their share-count change
Manager	Kind	Shares	Change	Value
BlackRock, Inc.	Index	145,952	+23,927	$2.6M
AQR CAPITAL MANAGEMENT LLC	Hedge fund	32,085	+18,388	$572,399
GEODE CAPITAL MANAGEMENT, LLC	Index	55,625	+6,383	$992,416
STATE STREET CORP	Index	32,943	+5,176	$587,703
MORGAN STANLEY	Active fund	4,346	+1,679	$77,533
RENAISSANCE TECHNOLOGIES LLC	Hedge fund	25,799	−1,375	$460,254
JPMORGAN CHASE & CO	Active fund	1,039	−379	$18,296
FMR LLC	Active fund	3,267	+22	$58,283

From 13F filings, which cover institutions managing over $100m and are filed up to 45 days after the quarter ends — so this is a considered position, not a live one, and it is not the whole shareholder register.

Capital returned

What the company actually paid out and bought back, as reported — the record behind any yield figure.

Shares repurchased

2026Q1: $57,000
2025Q3: $1.1M
2025Q2: $1.9M
2025Q1: $0
2023Q1: $0
2022Q2: $1.6M

Identity

CIK: 0001805651
LEI: 724500MKPUSW8RWJPF04
FIGI: BBG00VWBGTZ2
SIC: 7372 · Services-Prepackaged Software
Incorporated: DE
Headquarters: BALTIMORE, MD

Ownership

Institutional: 28.9%
Institutions: 83
Insiders: 26.9%

Ownership percentages are a vendor aggregate, not a filing — unlike everything else on this page.

Other services-prepackaged software companies

MARKETWISE, INC. files under SIC 7372 — all 91 services-prepackaged software companies compared on assets and F-score.

MICROSOFT CORPMSFT Salesforce, Inc.CRM CoreWeave, Inc.CRWV SYNOPSYS INCSNPS Block, Inc.XYZ INTUIT INC.INTU

Questions about MARKETWISE, INC.

How many subsidiaries does MARKETWISE, INC. file with the SEC?: 16, listed in its most recent exhibit 21. They are incorporated across 3 jurisdictions (Delaware, Maryland, Florida). That exhibit is filed with the company's annual report and is the company's own list, not an estimate.
Is MARKETWISE, INC. financially healthy?: MARKETWISE, INC. scores 4 out of 7 on the Piotroski F-score. Only 7 of the nine tests could be computed from what it filed; the rest need a prior year it has not reported. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.
Who are the largest institutional holders of MARKETWISE, INC.?: Among the managers tracked here, the biggest positions as of the 2026-Q2 13F filings are BlackRock, Inc. (adding), GEODE CAPITAL MANAGEMENT, LLC (adding), STATE STREET CORP (adding). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.

This page is one panel of the terminal

The structure map above is the Corporate Blueprint, and in the desktop it is interactive — click any entity to re-centre the map on it and walk the ownership chain. It sits alongside the screener, the scorecard and the filings lab on one desk, on your machine.

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Sourced from SEC EDGAR primary filings. Figures are as reported by the company and are not investment advice. Scores are standard published screens computed from those filings; every input is shown above so you can check the arithmetic.

Corporate structure

16 entities across 3 jurisdictions. Read directly from the company’s own 10-K EX-21 filed 2026-03-06 — see the exhibit.

Which other public companies file entities in the same places:

Delaware12 Maryland3 Florida1

Entity

Jurisdiction

Note

MarketWise, LLC

Delaware

Alta Finance Group, LLC

Delaware

Alta Trading Group, LLC

Delaware

MarketWise Solutions, LLC

Maryland

Brownstone Research, LLC

Delaware

Chaikin Resources, LLC

Delaware

Chaikin Analytics, LLC

Delaware

Chaikin Investments, LLC

Delaware

Finpub, LLC

Delaware

Research, LLC

Maryland

InvestorPlace Media, LLC

Delaware

MarketWise Publishing Group, LLC

Delaware

Stansberry & Associates Investment Research, LLC

Maryland

Tradesmith, LLC

Florida

VRSH, LLC d/b/a Altimetry

Delaware

Wide Moat, LLC

Delaware

Financial health

Two standard screens, computed from the XBRL in FY2025 against FY2024. Every test shows the numbers behind it — a score with its inputs hidden is a number you cannot check.

Piotroski F-score

4 / 7

PASSReturn on assets positiveROA 2.6%
PASSOperating cash flow positiveOCF 46M
FAILReturn on assets improving2.7% → 2.6%
PASSCash flow exceeds earningsOCF 46M vs NI 6M
FAILLong-term debt ratio fallingno debt reported
FAILCurrent ratio improving0.65 → 0.56
PASSNo share dilution39M → 2M shares
FAILGross margin improvingno gross profit reported
FAILAsset turnover improving1.57× → 1.50×

Year

Revenue

Net income

Free cash flow

Gross margin

FY2020

$364.2M

−$538.4M

$55.6M

—

FY2021

$549.2M

−$1.0B

$63.5M

—

FY2022

$512.4M

$18.0M

$48.3M

—

24,747,000

FY2023

$448.2M

$1.8M

$62.4M

—

33,312,000

FY2024

$408.7M

$7.1M

−$22.3M

—

39,407,000

FY2025

$328.1M

$5.6M

$45.6M

—

2,436,000

Ownership flow

8 institutions tracked — 6 added, 2 reduced.

Institutional holders of MARKETWISE, INC. and their share-count change
Manager	Kind	Shares	Change	Value
BlackRock, Inc.	Index	145,952	+23,927	$2.6M
AQR CAPITAL MANAGEMENT LLC	Hedge fund	32,085	+18,388	$572,399
GEODE CAPITAL MANAGEMENT, LLC	Index	55,625	+6,383	$992,416
STATE STREET CORP	Index	32,943	+5,176	$587,703
MORGAN STANLEY	Active fund	4,346	+1,679	$77,533
RENAISSANCE TECHNOLOGIES LLC	Hedge fund	25,799	−1,375	$460,254
JPMORGAN CHASE & CO	Active fund	1,039	−379	$18,296
FMR LLC	Active fund	3,267	+22	$58,283

Questions about MARKETWISE, INC.

How many subsidiaries does MARKETWISE, INC. file with the SEC?

16, listed in its most recent exhibit 21. They are incorporated across 3 jurisdictions (Delaware, Maryland, Florida). That exhibit is filed with the company's annual report and is the company's own list, not an estimate.

Is MARKETWISE, INC. financially healthy?

MARKETWISE, INC. scores 4 out of 7 on the Piotroski F-score. Only 7 of the nine tests could be computed from what it filed; the rest need a prior year it has not reported. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.

Who are the largest institutional holders of MARKETWISE, INC.?

Among the managers tracked here, the biggest positions as of the 2026-Q2 13F filings are BlackRock, Inc. (adding), GEODE CAPITAL MANAGEMENT, LLC (adding), STATE STREET CORP (adding). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.