{"filings":[{"id":1562133,"accession_number":"0001628280-26-047817","cik":1805651,"company_name":"MARKETWISE, INC.","ticker":"MKTW","form_type":"8-K","filed_at":"2026-07-09T21:34:15+00:00","items":["2.02","9.01"],"status":"ready","headline":"MarketWise Q2 preliminary billings $91M (+56% YoY); raises FY billings guidance to $330M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Paid subscribers 400k at June 30, 2026, up 7% from Dec 2025.","Billings $91M in Q2, highest since 2023, up 56% YoY and 12% sequentially.","Raised FY 2026 billings guidance by 10% to $330M (21.7% YoY increase).","ARPU $821, up 73% YoY; cash $33M after $12.2M legal settlement payment.","Affirmed FY 2026 dividend target of $1.80 per share; paid $0.45 in Q2."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":284103492.4166192,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":920156,"accession_number":"0001628280-26-041660","cik":1805651,"company_name":"MARKETWISE, INC.","ticker":"MKTW","form_type":"8-K","filed_at":"2026-06-08T20:56:58+00:00","items":["5.07"],"status":"ready","headline":"MarketWise say-on-pay fails; shareholders vote against executive compensation","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Say-on-pay proposal failed: 7,476,751 votes against vs. 6,117,351 for (55% against).","Matthew Turner elected Class II director with 13,366,939 votes for, 256,789 withheld.","Shareholders approved one-year interval for future say-on-pay votes (7,615,818 for one year).","Ratification of Grant Thornton LLP as auditor passed with 14,415,900 votes for, 2,416 against.","Broker non-votes of 1,040,623 on proposals 1-3."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.45,"calibrated_materiality_score":0.15,"market_cap_usd":284103492.4166192,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":95615,"accession_number":"0001805651-26-000044","cik":1805651,"company_name":"MARKETWISE, INC.","ticker":"MKTW","form_type":"8-K","filed_at":"2026-05-07T23:59:59+00:00","items":["2.02","8.01","9.01"],"status":"ready","headline":"MarketWise Q1 net revenue $77M, net loss $0.6M; Billings up 15% YoY; board authorizes $50M buyback","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net revenue $77.0M; net loss $0.6M vs net income $16.8M in Q1 2025.","Billings $81.4M, up 15% YoY and highest since 2023; paid subscribers 381k vs 374k Q4 2025.","Board authorized new $50M share repurchase program; regular + special dividend $0.45/share.","FY 2026 guidance affirmed: Billings ~$300M, CFFO ~$50M, dividend target $1.80/share.","Cash $52.7M at March 31; April share repurchase of $12.2M representing >3% of shares."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.23,"consensus_revenue_estimate":null,"consensus_revenue_actual":77029000.0,"consensus_period":"2026-Q1","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":284103492.4166192,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":95614,"accession_number":"0001805651-26-000038","cik":1805651,"company_name":"MARKETWISE, INC.","ticker":"MKTW","form_type":"8-K","filed_at":"2026-04-24T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"MarketWise settles arbitration with former CEO for $12.16M cash, redeems 520,867 units, terminates TRA rights","summary_kind":"llm","event_type":"litigation","confidence":"high","bullets":["Cash payment of $12.16M to former CEO Mark Arnold; Arnold surrenders 520,867 Common Units and corresponding Class B shares.","Arnold Parties release all claims including arbitration, Delaware actions; mutual releases.","Arnold waives all rights under Tax Receivables Agreement, eliminating future TRA payment exposure.","Settlement avoids continued arbitration costs and management distraction; no admission of liability.","Effective upon payment; arbitration and advancement action to be dismissed with prejudice."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":284103492.4166192,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":95613,"accession_number":"0001805651-26-000030","cik":1805651,"company_name":"MARKETWISE, INC.","ticker":"MKTW","form_type":"8-K","filed_at":"2026-04-13T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"MarketWise Q1 preliminary billings up 15% YoY to ~$81M; paid subscribers return to growth","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Paid subscribers 381K at March 31, 2026 (up from 374K at Dec 31, 2025), first growth after stabilization.","Billings ~$81M, +15% YoY and highest quarterly billings since 2023.","Affirmed FY 2026 guidance: billings $300M, cash from ops $50M, dividend target $1.80/share.","Cash and equivalents $53M at March 31, 2026; Q1 historically highest cash-use quarter.","Dividends paid to Class A shareholders $0.45 per share in Q1; full-year target unchanged."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.23,"consensus_revenue_estimate":null,"consensus_revenue_actual":77029000.0,"consensus_period":"2026-Q1","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":284103492.4166192,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":108806,"accession_number":"0001805651-26-000026","cik":1805651,"company_name":"MARKETWISE, INC.","ticker":"MKTW","form_type":"8-K","filed_at":"2026-03-17T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"MarketWise posts updated investor presentation on its website","summary_kind":"llm","event_type":"other_material","confidence":"low","bullets":["Press release dated March 17, 2026 announces availability of updated investor presentation.","Presentation covers strategy, recent financial performance, market position, and growth initiatives.","No specific financial figures or guidance changes were disclosed in the filing or exhibits.","Presentation is accessible on the company's investor relations page.","No new material information beyond the presentation posting was provided."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.2,"market_cap_usd":284103492.4166192,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":108805,"accession_number":"0001805651-26-000018","cik":1805651,"company_name":"MARKETWISE, INC.","ticker":"MKTW","form_type":"8-K","filed_at":"2026-03-06T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"MarketWise Q4 Billings up 42% YoY to $78.9M; raises FY2026 guidance, increases dividend 25%","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 net revenue $83.4M, net income $14.0M; Billings $78.9M (+42% YoY).","FY2025 Billings $271.2M vs $239.1M YoY; CFFO improved to $46.0M from -$22.2M.","Regular dividend raised 25% to $0.25/quarter; FY2026 dividend target $1.80/share.","FY2026 guidance raised: Billings $300M, CFFO $50M (prior $290M/$45M).","Board to resume $50M buyback program after FY2025 annual report; M&C withdrew $17.25/share proposal."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":284103492.4166192,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":108804,"accession_number":"0001805651-26-000011","cik":1805651,"company_name":"MARKETWISE, INC.","ticker":"MKTW","form_type":"8-K","filed_at":"2026-03-03T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"MarketWise boosts regular quarterly dividend 20% to $0.25, adds $0.20 special dividend","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Regular quarterly dividend raised 20% to $0.25 per share; special dividend of $0.20 per share declared.","Cumulative dividends over last 12 months yield 13% based on Mar 2, 2026 share price.","Payable on March 31, 2026 to holders of record on March 18, 2026.","Equivalent $0.25 per unit distribution approved for MarketWise, LLC unitholders."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":284103492.4166192,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":108803,"accession_number":"0001805651-26-000008","cik":1805651,"company_name":"MARKETWISE, INC.","ticker":"MKTW","form_type":"8-K","filed_at":"2026-02-19T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"MarketWise confirms $17.25/sh buyout bid withdrawn; Q4 billings +42% YoY","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["M&C withdrew its unsolicited non-binding proposal to acquire MarketWise at $17.25/share after the Special Committee deemed the price too low.","Preliminary Q4 2025 billings rose 42% YoY; full-year CFFO of $45M exceeded guidance.","FY 2025 cash dividend yield of 13% supported by strong balance sheet and operational momentum.","Company reaffirms standalone strategy focused on subscription growth, efficiency, and shareholder returns."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":284103492.4166192,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":108802,"accession_number":"0001805651-26-000004","cik":1805651,"company_name":"MARKETWISE, INC.","ticker":"MKTW","form_type":"8-K","filed_at":"2026-01-22T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"MarketWise Q4 billings up 42% YoY to $79M; FY 2025 CFFO $45M beats guidance","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 billings $79M (+42% YoY, +23% seq); FY 2025 billings $271M beat $250M guidance.","CFFO Q4 ~$24M, FY 2025 ~$45M (beat $30M guidance), a ~$65M improvement over FY 2024.","Cash & equivalents $70M (up $20M QoQ); paid subscribers 374K; active free subs 2.0M.","Board received $17.25/sh buyout proposal from Monument & Cathedral Holdings on Oct 29, 2025; Special Committee reviewing.","Regular + special dividends to Class A last 12 mos totaled $1.90/sh, 13% yield at Dec 31 price."],"consensus_eps_estimate":null,"consensus_eps_actual":2.31,"consensus_revenue_estimate":null,"consensus_revenue_actual":328122000.0,"consensus_period":"2025-FY","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":284103492.4166192,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":125248,"accession_number":"0001628280-25-053331","cik":1805651,"company_name":"MARKETWISE, INC.","ticker":"MKTW","form_type":"8-K","filed_at":"2025-11-20T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"MarketWise Special Committee retains advisors to evaluate $17.25/sh unsolicited bid from M&C","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Special Committee retained Centerview Partners (financial) and Kirkland & Ellis (legal) to review the Proposal.","Unsolicited non-binding proposal from Monument & Cathedral Holdings (M&C) to acquire all outstanding shares not owned by M&C for $17.25 per share cash.","Proposal contingent upon termination of the Company's tax receivable agreement.","No assurance that any transaction will result; MarketWise will not comment further unless appropriate."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":284103492.4166192,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":125247,"accession_number":"0001805651-25-000010","cik":1805651,"company_name":"MARKETWISE, INC.","ticker":"MKTW","form_type":"8-K","filed_at":"2025-11-06T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"MarketWise Q3 net revenue $81.3M, billings up 30% YoY; receives M&C acquisition proposal; declares $0.40 dividend","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net revenue $81.3M, net income $17.9M in Q3 2025, down from $97.2M and $22.7M in Q3 2024.","Total billings $63.7M (+30% YoY); paid subscribers fell to 379K from 592K but ARPU rose to $566.","Quarterly and special dividend of $0.40 per Class A share; FY 2025 total dividends expected $1.90/share (13% yield).","M&C submitted proposal to acquire all outstanding equity not already owned; share repurchases suspended pending review.","FY 2026 prelim targets: billings ~$290M (+10% YoY), CFFO $45M (+50% vs FY 2025 target of $30M)."],"consensus_eps_estimate":null,"consensus_eps_actual":1.54,"consensus_revenue_estimate":null,"consensus_revenue_actual":244728000.0,"consensus_period":"2025-Q3","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":284103492.4166192,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":125246,"accession_number":"0001628280-25-047329","cik":1805651,"company_name":"MARKETWISE, INC.","ticker":"MKTW","form_type":"8-K","filed_at":"2025-10-30T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"MarketWise gets $17.25/share buyout proposal from 43% shareholder M&C","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["M&C proposes $17.25/share cash for all outstanding shares not owned by M&C; 18% premium to Oct 27 close.","M&C holds ~43% voting power; deal contingent on termination of tax receivable agreement at closing.","Board of Directors reviewing proposal with advisors; no definitive agreement reached.","M&C states it will not sell its stake to a third party and would not support a rival process."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":284103492.4166192,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":141984,"accession_number":"0001628280-25-038609","cik":1805651,"company_name":"MARKETWISE, INC.","ticker":"MKTW","form_type":"8-K","filed_at":"2025-08-07T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"MarketWise Q2 net revenue $80M, net income $15.3M; cash from ops up $21.6M YoY","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Total net revenue $80.0M; net income $15.3M ($0.53 diluted EPS) in Q2 2025.","Total billings $58.2M, up 10% YoY on an adjusted basis (excluding Legacy Research).","Cash from operating activities $17.8M, a $21.6M improvement over Q2 2024.","Cash $69.1M, no debt; declared $0.40 total dividend per Class A share (quarterly $0.20 + special $0.20).","FY 2025 targets reaffirmed: billings ~$250M, CFFO/FCF ~$30M, dividends $1.60-$1.80 per share."],"consensus_eps_estimate":null,"consensus_eps_actual":0.95,"consensus_revenue_estimate":null,"consensus_revenue_actual":163457000.0,"consensus_period":"2025-Q2","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":284103492.4166192,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":141983,"accession_number":"0001628280-25-038536","cik":1805651,"company_name":"MARKETWISE, INC.","ticker":"MKTW","form_type":"8-K","filed_at":"2025-08-07T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"MarketWise appoints CFO Mickels as COO, combined Chief Operating and Financial Officer role effective July 31, 2025","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Erik Mickels, current CFO since August 2023, adds COO duties with no change in compensation.","Mickels brings 25+ years experience; previously Group CFO at Trilogy International Partners.","No family relationships or arrangements with other officers/directors; no 404(a) transactions.","Press release issued August 6, 2025 announcing the appointment."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.45,"calibrated_materiality_score":0.45,"market_cap_usd":284103492.4166192,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":159924,"accession_number":"0001628280-25-032170","cik":1805651,"company_name":"MARKETWISE, INC.","ticker":"MKTW","form_type":"8-K","filed_at":"2025-06-18T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"MarketWise shareholders approve 2021 Incentive Plan amendment adding 1,630,554 shares","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Stockholders approved Amendment to 2021 Incentive Award Plan adding 1,630,554 shares to the reserve, effective June 12, 2025.","Overall share limit set at 3,232,804 shares plus annual evergreen increase of up to 3% of outstanding common stock through 2031.","Amendment was approved by board on April 18, 2025 and by stockholders at the June 12, 2025 Annual Meeting.","The increase supports future equity grants under the Plan; no change in other plan terms."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"market_cap_usd":284103492.4166192,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":159923,"accession_number":"0001628280-25-031355","cik":1805651,"company_name":"MARKETWISE, INC.","ticker":"MKTW","form_type":"8-K","filed_at":"2025-06-13T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"MarketWise annual meeting: Eifrig & Simmons elected Class I directors; incentive plan amended","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Dr. David Eifrig and Van Simmons elected Class I directors with 12.45M and 12.21M votes for, respectively; no material opposition.","Stockholders approved amendment to 2021 Incentive Award Plan increasing share reserve limit; 4.85M for, 0.59M against, 7.02M abstentions.","Ratification of Grant Thornton LLP as independent auditor for FY2025 passed with 13.27M votes for, 19K against, 21K abstentions."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.15,"market_cap_usd":284103492.4166192,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":159922,"accession_number":"0001628280-25-027963","cik":1805651,"company_name":"MARKETWISE, INC.","ticker":"MKTW","form_type":"8-K","filed_at":"2025-05-27T23:59:59+00:00","items":["5.02","7.01","9.01"],"status":"ready","headline":"MarketWise appoints Dr. David Eifrig as permanent CEO; he had served as interim since Aug 2024","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Dr. David Eifrig appointed permanent CEO effective May 23, 2025; interim CEO since August 2024.","Annual base salary of $850,000; eligible for annual bonus of 5% of net income exceeding $20 million.","Guaranteed minimum base salary payments of $1.275 million if terminated without cause within 18 months.","Change-in-control severance: 2x base salary + 2x target cash bonus + 18-month healthcare + equity acceleration."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":284103492.4166192,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":159921,"accession_number":"0001628280-25-023472","cik":1805651,"company_name":"MARKETWISE, INC.","ticker":"MKTW","form_type":"8-K","filed_at":"2025-05-08T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"MarketWise Q1 net revenue down 23% YoY to $83.5M; provides FY2025 targets","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net revenue $83.5M (down 23% YoY); net income $16.8M vs $22.7M; paid subs 473k (down from 683k).","Total billings $70.5M, up 27% sequentially from Q4 2024; cash from operations improved to $1.7M from -$18.5M.","FY2025 targets: billings ~$250M (+20% vs annualized 2H24); FCF ~$30M; dividends $1.60-$1.80 per share.","Quarterly and special dividend totaling $0.30 per Class A share announced; $0.2M in share repurchases to date."],"consensus_eps_estimate":null,"consensus_eps_actual":0.41,"consensus_revenue_estimate":null,"consensus_revenue_actual":83507000.0,"consensus_period":"2025-Q1","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":284103492.4166192,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":159920,"accession_number":"0001628280-25-017429","cik":1805651,"company_name":"MARKETWISE, INC.","ticker":"MKTW","form_type":"8-K","filed_at":"2025-04-11T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"MarketWise reports Q1 2025 preliminary billings of $70M, up 26% QoQ; commences share buyback","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q1 2025 billings ~$70M, a 26% sequential increase from Q4 2024.","Paid subscribers at March 31, 2025: 473k; active free subscribers: 3.0M.","LTM cash dividends total $1.60/share, equating to a 16% yield based on March 31 price.","Cash and equivalents ~$79M as of March 31, 2025; no debt.","Company commenced open-market share repurchases in Q2 2025 under existing authorization."],"consensus_eps_estimate":null,"consensus_eps_actual":0.41,"consensus_revenue_estimate":null,"consensus_revenue_actual":83507000.0,"consensus_period":"2025-Q1","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":284103492.4166192,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":178272,"accession_number":"0001628280-25-015716","cik":1805651,"company_name":"MARKETWISE, INC.","ticker":"MKTW","form_type":"8-K","filed_at":"2025-03-31T23:59:59+00:00","items":["3.01","5.03","7.01","9.01"],"status":"ready","headline":"MarketWise faces Nasdaq delisting, files appeal; enacts 1-for-20 reverse split","summary_kind":"llm","event_type":"regulatory","confidence":"high","bullets":["Received Nasdaq delisting determination on March 25, 2025 for bid price below $1.00 for 30 consecutive days; appealed to Hearings Panel on March 31.","1-for-20 reverse stock split effective April 2, 2025; trading on adjusted basis starts April 3, 2025, under symbol MKTW.","Post-split Class A shares reduce from ~49.5M to ~2.47M; Class B from ~276.6M to ~13.8M.","Authorized Class A reduced from 950M to 47.5M; Class B from 300M to 15M; fractional shares paid in cash.","Reverse split aims to regain Nasdaq minimum bid price compliance and attract institutional investors."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":284103492.4166192,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":178271,"accession_number":"0001628280-25-014134","cik":1805651,"company_name":"MARKETWISE, INC.","ticker":"MKTW","form_type":"8-K","filed_at":"2025-03-20T23:59:59+00:00","items":["5.07","9.01"],"status":"ready","headline":"MarketWise stockholders approve 1-for-20 reverse stock split and authorized share reduction","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Reverse stock split at 1-for-20 approved with ~99.7% of votes cast in favor.","Authorized shares reduced: total from 1.35B to 162.5M; Class A from 950M to 47.5M; Class B from 300M to 15M.","Board retains discretion on timing of implementation and may abandon the reverse split.","Both proposals passed overwhelmingly; adjournment proposal approved but not needed.","Special meeting held March 20, 2025; record date February 27, 2025."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":284103492.4166192,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":178270,"accession_number":"0001628280-25-013203","cik":1805651,"company_name":"MARKETWISE, INC.","ticker":"MKTW","form_type":"8-K","filed_at":"2025-03-17T23:59:59+00:00","items":["4.01","1.01","3.03","9.01"],"status":"ready","headline":"MarketWise dismisses Deloitte & Touche, engages Grant Thornton as auditor","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Audit Committee dismissed Deloitte & Touche on March 14, 2025; no disagreements were reported.","Previously reported material weaknesses in internal control as of Dec 31, 2022 were remediated by Dec 31, 2023.","Grant Thornton LLP appointed as independent auditor for FY ending Dec 31, 2025, effective March 17, 2025.","Deloitte's reports for FY2023 and FY2024 were unqualified; no adverse opinions."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":284103492.4166192,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":178269,"accession_number":"0001628280-25-009133","cik":1805651,"company_name":"MARKETWISE, INC.","ticker":"MKTW","form_type":"8-K","filed_at":"2025-02-28T23:59:59+00:00","items":["2.02","8.01","9.01"],"status":"ready","headline":"MarketWise FY2024 revenue $408.7M, net income $93.1M; announces $50M buyback and 1:20 reverse split","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Full year net revenue $408.7M, net income $93.1M; Q4 revenue $97.5M (-13% YoY), net income $26.4M (up from $1.9M).","Paid subscribers fell to 506k as of Dec 31, 2024, down 31% from 737k a year earlier.","Q4 cash from operations dropped to $6.0M from $17.5M YoY; cash balance $97.9M.","Board authorized up to $50M share repurchase program over next 12 months.","Filed preliminary proxy for 1:20 reverse stock split to regain Nasdaq minimum bid price compliance."],"consensus_eps_estimate":null,"consensus_eps_actual":0.18,"consensus_revenue_estimate":null,"consensus_revenue_actual":408701000.0,"consensus_period":"2024-FY","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":284103492.4166192,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":178268,"accession_number":"0001628280-25-001563","cik":1805651,"company_name":"MARKETWISE, INC.","ticker":"MKTW","form_type":"8-K","filed_at":"2025-01-15T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"MarketWise prelim Q4 billings $55M (+10% QoQ); declares $0.03 special dividend","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Preliminary Q4 2024 billings $55M, over 10% sequential increase from Q3 2024.","Return to positive cash flow generation in Q4 after three prior negative cash flow quarters.","Cash and cash equivalents estimated $98M at Dec 31, 2024, up from $94M at Sep 30, 2024.","Special dividend $0.03 per Class A share, payable Feb 26, 2025 to holders of record Jan 29, 2025; total ~$1.3M.","No debt outstanding; line of credit expired unused in October 2024."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":284103492.4166192,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":194923,"accession_number":"0001628280-24-046028","cik":1805651,"company_name":"MARKETWISE, INC.","ticker":"MKTW","form_type":"8-K","filed_at":"2024-11-07T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"MarketWise Q3 net income rises to $22.7M; revenue falls to $97.2M, subscribers decline","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income $22.7M vs $12.0M YoY; revenue $97.2M vs $106.2M YoY (-8.5%).","Paid subscribers 592K as of Sep 30, 2024, down 23.5% from 774K YoY.","Total billings $48.9M vs $95.5M YoY (-48.8%).","Cash and equivalents $94.1M as of Sep 30, 2024."],"consensus_eps_estimate":null,"consensus_eps_actual":0.13,"consensus_revenue_estimate":null,"consensus_revenue_actual":311223000.0,"consensus_period":"2024-Q3","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":284103492.4166192,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":211216,"accession_number":"0001628280-24-041597","cik":1805651,"company_name":"MARKETWISE, INC.","ticker":"MKTW","form_type":"8-K","filed_at":"2024-09-30T23:59:59+00:00","items":["3.01"],"status":"ready","headline":"MarketWise receives Nasdaq notice for non-compliance with minimum bid price requirement","summary_kind":"llm","event_type":"regulatory","confidence":"high","bullets":["Received Nasdaq notice on Sept 24, 2024 for bid price below $1.00 for 30 consecutive business days.","Has 180 calendar days until March 24, 2025 to regain compliance by closing bid price >= $1.00 for 10 consecutive days.","May be eligible for additional 180-day compliance period if it transfers listing to Nasdaq Capital Market.","Company intends to monitor bid price and consider options; no decision on response has been made yet."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":284103492.4166192,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":211215,"accession_number":"0001628280-24-038360","cik":1805651,"company_name":"MARKETWISE, INC.","ticker":"MKTW","form_type":"8-K","filed_at":"2024-08-23T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"MarketWise COO Chad Curlett resigns; receives $100K separation payment","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Chad Curlett resigned as COO effective August 19, 2024.","Separation agreement provides $100,000 lump-sum payment, subject to release and non-revocation.","Curlett is subject to a 12-month non-solicitation covenant and perpetual confidentiality/non-disparagement.","Curlett remains covered by D&O liability insurance for acts during his tenure.","No equity acceleration or other severance beyond the $100K payment."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":284103492.4166192,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":211214,"accession_number":"0001628280-24-037047","cik":1805651,"company_name":"MARKETWISE, INC.","ticker":"MKTW","form_type":"8-K","filed_at":"2024-08-14T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"MarketWise reports Q2 GAAP net income $21.2M, names interim CEO David Eifrig","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Q2 GAAP net revenue $105.0M, net income $21.2M vs prior-year $103.6M and $9.7M.","Paid subscribers 645,259 as of June 30, down 14% from 750,287 a year ago.","David 'Doc' Eifrig appointed interim CEO after founder Porter Stansberry stepped down.","Legacy Research business dissolved amid mismanagement; wind-down largely complete.","Company exploring large share repurchase and acquisition of quality financial brands."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":284103492.4166192,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":211213,"accession_number":"0001628280-24-036599","cik":1805651,"company_name":"MARKETWISE, INC.","ticker":"MKTW","form_type":"8-K","filed_at":"2024-08-12T23:59:59+00:00","items":["5.02","7.01","8.01","9.01"],"status":"ready","headline":"MarketWise CEO Stansberry resigns; deal for Porter & Co. terminated","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["F. Porter Stansberry resigns as CEO and Chairman, effective Aug 9, 2024; remains on board.","Board appoints Dr. David Eifrig as interim CEO; Matthew Turner as Acting Chairman.","Company and Stansberry terminate negotiations to acquire Porter & Co. (100% membership interests).","Stansberry cites refusal of special committee to close $10M-upfront deal for Porter & Co., which had $28M billings in 2023.","Porter & Co. had 25,000+ customers, $1,999 ARPU, and 30% subscriber growth in 2024 per Stansberry."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":284103492.4166192,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":211212,"accession_number":"0001628280-24-031516","cik":1805651,"company_name":"MARKETWISE, INC.","ticker":"MKTW","form_type":"8-K","filed_at":"2024-07-09T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"MarketWise signs non-binding term sheet to acquire Porter & Company for $40M","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Acquisition of 100% of Porter & Company, LLC from F. Porter Stansberry for $40M purchase price.","$10M cash and $30M secured promissory note payable over three years as deferred consideration.","Seller to enter license/noncompetition agreement with 5-year restrictive covenants.","Special Committee of Board, formed Dec 2023, leads negotiations; term sheet is non-binding.","No assurance that definitive agreement will be reached or transaction consummated."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":284103492.4166192,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":229750,"accession_number":"0001628280-24-027559","cik":1805651,"company_name":"MARKETWISE, INC.","ticker":"MKTW","form_type":"8-K","filed_at":"2024-06-10T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"MarketWise stockholders elect four Class III directors and ratify Deloitte as auditor","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["All four nominees (Stansberry, Palmer, Tongue, Smith) elected with >253M votes for each.","Michael Palmer received highest votes for at 256,448,747; Matthew Smith lowest at 253,553,504.","Ratification of Deloitte & Touche as auditor for FY2024 passed with 285,374,594 votes for.","Broker non-votes for director election totaled 14,840,528."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.15,"market_cap_usd":284103492.4166192,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":229749,"accession_number":"0001628280-24-024158","cik":1805651,"company_name":"MARKETWISE, INC.","ticker":"MKTW","form_type":"8-K","filed_at":"2024-05-17T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"MarketWise approves new compensation structure; CFO salary set at $1M, CIO at $525K","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["CFO Erik Mickels base salary set at $1,000,000 retroactive to Jan 1, 2024; eligible for annual bonus up to 200% of base.","CIO Marco Galsim base salary $525,000 effective July 1, 2024; same bonus structure (50-200% based on metrics).","Bonuses paid in cash and RSUs with 4-year vest; initial RSUs granted as percentage of base salary with 4-year vest.","Mickels' new compensation replaces prior equity awards and cash bonus guarantees under July 2023 letter agreement."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":284103492.4166192,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":229748,"accession_number":"0001628280-24-024150","cik":1805651,"company_name":"MARKETWISE, INC.","ticker":"MKTW","form_type":"8-K","filed_at":"2024-05-17T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"MarketWise CEO details strategic pivot to premium brands, grants stock to all employees","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["CEO Stansberry outlines shift to customer lifetime value, premium pricing, and brand building over short-term response marketing.","All employees to receive RSU grants in July 2024; grants intended to align incentives with intrinsic value creation.","Illustrative scenario: file size down a third, ARPU up to $1,000, margins 35%, implying ~$5.25 intrinsic value vs ~$2 currently.","Company had ~680k customers with ~$500 ARPU and ~$60M CFFO in 2023; stock traded around $1.50.","Stansberry says prior management's market-at-all-costs strategies are ended; focuses on trust and premium customer experience."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":284103492.4166192,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":229747,"accession_number":"0001628280-24-023649","cik":1805651,"company_name":"MARKETWISE, INC.","ticker":"MKTW","form_type":"8-K","filed_at":"2024-05-15T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"MarketWise Q1 GAAP revenue $109M (-13% YoY), net income $22.7M, launches compensation overhaul","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income $22.7M on revenue $109.0M vs $30.6M on $126.2M in Q1 2023.","Paid subscribers fell to 683k from 777k YoY; headcount cut 20%+ to 535.","Legacy Research billings dropped from $30M to $16M QoQ; expects further declines.","Repurchased 7.2M LLC units from terminated managers for $10.8M at discount.","Jeff Brown returns to relaunch Brownstone Research; all staff get stock grant July 1."],"consensus_eps_estimate":null,"consensus_eps_actual":0.04,"consensus_revenue_estimate":null,"consensus_revenue_actual":108991000.0,"consensus_period":"2024-Q1","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":284103492.4166192,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":248250,"accession_number":"0001628280-24-009544","cik":1805651,"company_name":"MARKETWISE, INC.","ticker":"MKTW","form_type":"8-K","filed_at":"2024-03-07T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"MarketWise Q4 net income $1.9M; fraud leads to wind-down of Legacy Research unit","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 GAAP net income $1.9M vs $27.6M last year; revenue $112.2M vs $127.7M.","Full-year revenue $448.2M, down from $512.4M; paid subscribers fell to 737k from 841k.","Former employee Jon Mikula criminally charged for undisclosed payments; company winding down entire Legacy Research unit.","Restructuring cut >100 FTEs, eliminated 40 products; annualized cost savings ~$18M; Q4 severance cost ~$18M.","Total billings $382.4M vs $459.5M in 2022; renewal billings grew to $96.8M from $70.3M in 2019."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":284103492.4166192,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":248249,"accession_number":"0001628280-24-004337","cik":1805651,"company_name":"MARKETWISE, INC.","ticker":"MKTW","form_type":"8-K","filed_at":"2024-02-13T23:59:59+00:00","items":["2.05","7.01","9.01"],"status":"ready","headline":"MarketWise winds down Legacy Research after former employee charged with securities fraud","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Board committed to wind down Legacy Research due to misconduct; former employee Jon Mikula charged with conspiracy to commit securities fraud.","Teeka Tiwari also violated company policy with undisclosed consulting agreement; Legacy managers failed to act.","Approximately 104 employees (18% of total workforce) affected; some may be offered new roles, others severance.","Legacy Research net income was ~$9M for last 6 months of 2023; cost estimates for reorganization not yet determined.","CEO Porter Stansberry says Legacy's reputation is 'irrevocably damaged'; bonus payments delayed pending investigation."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":284103492.4166192,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":265747,"accession_number":"0001628280-23-039312","cik":1805651,"company_name":"MARKETWISE, INC.","ticker":"MKTW","form_type":"8-K","filed_at":"2023-11-16T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"MarketWise appoints Charles Curlett as COO effective Nov 10, 2023","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Charles N. Curlett, Jr. named Chief Operating Officer, reporting to CEO F. Porter Stansberry.","Annual base salary set at $350,000; eligible for discretionary incentive bonus starting 2024.","Curlett previously served as outside General Counsel to Porter & Company, LLC, a firm founded by the CEO."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":284103492.4166192,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":265746,"accession_number":"0001628280-23-038022","cik":1805651,"company_name":"MARKETWISE, INC.","ticker":"MKTW","form_type":"8-K","filed_at":"2023-11-09T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"MarketWise Q3 2023 net income $12M, revenue $106M; subscriber file down 13% YoY to 774K","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q3 GAAP net income of $12.0M on revenue of $106.2M vs. $16.5M/$119.9M in Q3 2022.","Paid subscriber file 774,000 as of Sep 30, down 13.4% from 894,000 a year earlier.","Trailing 12-month Billings total $389.8M: Marketing $279.6M, Renewal $105.5M, Other $4.6M.","CEO cites cultural issues as primary reason for post-IPO underperformance; plans to restore partnership model.","Board declared special dividend of approx. $50M payable in December 2023."],"consensus_eps_estimate":null,"consensus_eps_actual":0.05,"consensus_revenue_estimate":null,"consensus_revenue_actual":336027000.0,"consensus_period":"2023-Q3","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":284103492.4166192,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":265745,"accession_number":"0001628280-23-036018","cik":1805651,"company_name":"MARKETWISE, INC.","ticker":"MKTW","form_type":"8-K","filed_at":"2023-11-01T23:59:59+00:00","items":["3.01","5.02","9.01"],"status":"ready","headline":"MarketWise terminates CEO Amber Mason; separation includes $1.33M payment and $266K relocation forgiveness","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["CEO Amber Mason terminated Oct 17, 2023; receives $1,333,000 lump sum plus $266,000 relocation bonus forgiveness.","Mason agrees to 12-month non-solicit and perpetual non-disparagement/confidentiality covenants.","Board appoints Van Simmons and Matthew Turner to audit committee, curing Nasdaq audit committee independence deficiency."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":284103492.4166192,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":265744,"accession_number":"0001628280-23-034920","cik":1805651,"company_name":"MARKETWISE, INC.","ticker":"MKTW","form_type":"8-K","filed_at":"2023-10-23T23:59:59+00:00","items":["3.01","5.02","9.01"],"status":"ready","headline":"MarketWise appoints founder Porter Stansberry as CEO; board departures trigger Nasdaq non-compliance","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["CEO Amber Mason and directors Gerhard/Hodgson resign; founder Stansberry becomes CEO and Chairman.","Resignations cause non-compliance with Nasdaq audit committee composition rule; 180-day cure period.","Stansberry's annual base salary set at $1.00; eligible for discretionary bonus and executive severance plan.","No immediate impact on listing; company seeking qualified audit committee candidates."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":284103492.4166192,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":265743,"accession_number":"0001628280-23-034822","cik":1805651,"company_name":"MARKETWISE, INC.","ticker":"MKTW","form_type":"8-K","filed_at":"2023-10-20T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"MarketWise CEO plans to sell Porter & Co. to MarketWise; will run independently","summary_kind":"llm","event_type":"m_and_a","confidence":"medium","bullets":["CEO/Chairman Porter Stansberry announced plan to sell his company Porter & Co. to MarketWise.","Transaction intended to align interests; Porter & Co. would operate independently like other MarketWise units.","Deal is a related-party transaction given Stansberry's dual role as CEO and Chairman.","No further details on valuation, timing, or board approval disclosed in the communication."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":284103492.4166192,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":265742,"accession_number":"0001628280-23-034713","cik":1805651,"company_name":"MARKETWISE, INC.","ticker":"MKTW","form_type":"8-K","filed_at":"2023-10-19T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"MarketWise terminates CDO Marco Ferri without cause; transition consulting at $500/hr","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Termination of Marco Ferri as Chief Corporate Development Officer without cause, effective October 13, 2023.","Ferri eligible for lump-sum severance under MarketWise Executive Severance Plan after release revocation period.","Consulting agreement for transition services at $500 per hour, terminable by either party with ten days' notice.","Ferri remains eligible for previously earned but unpaid acquisition transaction bonus payments."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":284103492.4166192,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":282964,"accession_number":"0001628280-23-031870","cik":1805651,"company_name":"MARKETWISE, INC.","ticker":"MKTW","form_type":"8-K","filed_at":"2023-09-08T23:59:59+00:00","items":["1.01","5.02","7.01","9.01"],"status":"ready","headline":"MarketWise appoints founder Frank Porter Stansberry to Board; agrees to share lock-up and voting standstill","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Frank Porter Stansberry, founder and former Chairman, appointed as Class III director effective Sept 8, 2023.","Under agreement, Stansberry and Stokes Holding agree not to sell shares until Jan 1, 2024, and to vote for Board-recommended nominees.","Investors agreed not to commence litigation related to pre-existing claims.","Disclosed related-party transactions: ~$546K fees from SAM in 2023 YTD; ~$405K paid by Porter & Co. to MarketWise.","Board size increased from 9 to 10 directors."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":284103492.4166192,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":282963,"accession_number":"0001628280-23-028737","cik":1805651,"company_name":"MARKETWISE, INC.","ticker":"MKTW","form_type":"8-K","filed_at":"2023-08-10T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"MarketWise Q2 revenue falls 19% to $103.6M; paid subscribers drop 16.5% to 750K","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Total net revenue $103.6M, down 19.1% YoY; net income $9.7M, down 71.5% from $34.0M.","Paid subscribers 750K, down 16.5% YoY; ARPU $490, down 15.5% from $580.","Billings $96.2M, down 18.1% YoY; deferred revenue $628.4M vs $701.1M a year ago.","Cash from operations $29.0M, up 8.2% YoY; adjusted CFFO margin improved to 30.1% from 22.8%.","Total subscribers grew 5.2% to 16.7M, driven by free subs; active free subs declined to 3.9M from 4.3M."],"consensus_eps_estimate":null,"consensus_eps_actual":0.05,"consensus_revenue_estimate":null,"consensus_revenue_actual":229877000.0,"consensus_period":"2023-Q2","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":284103492.4166192,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":282962,"accession_number":"0001628280-23-024473","cik":1805651,"company_name":"MARKETWISE, INC.","ticker":"MKTW","form_type":"8-K","filed_at":"2023-07-06T23:59:59+00:00","items":["5.02","7.01","9.01"],"status":"ready","headline":"MarketWise appoints Erik Mickels as CFO effective August 15, 2023","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Erik Mickels appointed CFO; succeeds interim CFO Stephen M. Park who steps down on Aug 15, 2023.","Annual base salary of $500,000; initial equity grant of 500,000 RSUs (50% vest upon relocation to Baltimore by Dec 31, 2023, remainder on Mar 15, 2025 and Mar 15, 2026).","Eligible for additional 100,000 RSU grant if stock price reaches $6 for 20 consecutive trading days within four years.","For 2023, cash incentive bonus no less than $500,000; for 2024, no less than $600,000 if net income > $90M, otherwise $500,000.","Relocation bonus of $300,000 subject to pro rata repayment if employment ends within 12 months of payment."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":284103492.4166192,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":282961,"accession_number":"0001628280-23-024245","cik":1805651,"company_name":"MARKETWISE, INC.","ticker":"MKTW","form_type":"8-K","filed_at":"2023-07-05T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"MarketWise shareholders elect directors, ratify auditor at 2023 annual meeting","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Elected Amber Mason, Mark Gerhard, Matthew Turner as Class II directors with 277M, 275M, 277M votes for, respectively.","Ratified Deloitte & Touche as independent auditor for FY2023: 285.6M for, 5.3M against, 293K abstain.","Broker non-votes of 8.69M on each director nominee."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.05,"calibrated_materiality_score":0.05,"market_cap_usd":284103492.4166192,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":302321,"accession_number":"0001628280-23-017935","cik":1805651,"company_name":"MARKETWISE, INC.","ticker":"MKTW","form_type":"8-K","filed_at":"2023-05-12T23:59:59+00:00","items":["3.01","5.02"],"status":"ready","headline":"MarketWise resolves Nasdaq audit committee deficiency; appoints Tongue","summary_kind":"llm","event_type":"regulatory","confidence":"high","bullets":["Received Nasdaq notice on May 9 due to audit committee composition after Borges resignation.","Cure period set to Oct 30, 2023; company expects compliance by May 12 via Tongue appointment.","Glenn Tongue appointed to Board on May 1; joined Audit Committee on May 12, 2023.","Board confirmed Tongue qualifies as independent and financially literate per Nasdaq rules.","Notice had no immediate effect on listing of MKTW common stock on Nasdaq Global Select."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":284103492.4166192,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":302320,"accession_number":"0001628280-23-017408","cik":1805651,"company_name":"MARKETWISE, INC.","ticker":"MKTW","form_type":"8-K","filed_at":"2023-05-11T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"MarketWise Q1 revenue down 7.7% to $126.2M; initiates $0.01 quarterly dividend","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $126.2M, down 7.7% YoY; billings $97.2M, down 28.5% YoY.","Net income $30.6M, up 32.9% YoY; paid subscribers 777K, down 14.5% YoY.","Board approved quarterly cash dividend of $0.01/share on Class A common stock, first payment July 20, 2023 to holders of record June 1, 2023.","Total dividend payment to Class A stockholders ~$0.4M; distribution to common unit holders ~$2.9M.","Company intends to pay quarterly dividends going forward, subject to Board approval."],"consensus_eps_estimate":null,"consensus_eps_actual":0.05,"consensus_revenue_estimate":null,"consensus_revenue_actual":126233000.0,"consensus_period":"2023-Q1","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":284103492.4166192,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":302319,"accession_number":"0001628280-23-014918","cik":1805651,"company_name":"MARKETWISE, INC.","ticker":"MKTW","form_type":"8-K","filed_at":"2023-05-02T23:59:59+00:00","items":["1.01","5.02","7.01","9.01"],"status":"ready","headline":"MarketWise settles proxy contest; appoints four new directors, board to shrink to nine","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Directors Eifrig, Tongue, Smith appointed per settlement; Turner added via Voting Agreement; Borges resigned.","Board fixed at ten until 2023 annual meeting (Idzik's term ends), then reduced to nine.","Investors withdraw nominations, agree to vote for Board's nominees; standstill 90 days after 2023 meeting.","Proxy contest resolved; no financial terms disclosed; settlement filed as Exhibit 10.1."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":284103492.4166192,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null}],"next_cursor":"2023-05-02T23:59:59+00:00|302319"}