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Marketwise cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$8.4M in Q3 2026 · $52.1M over twelve months

Operating cash flow$7.8M
Capital spending$548K
Free cash flow+$8.4M
Cash / net income0.5×

Analysis

In Q3 2026, Marketwise generated $7.8M of operating cash flow and spent −$548K on capital projects, leaving free cash flow of $8.4M. That is $6.2M more than in Q3 2025 ($2.2M).

Over the twelve months to Sep 30, 2026, operating cash flow was $52.4M; the largest uses were other financing ($49.9M), partners ($14.2M), dividends ($4.6M); besides operations, cash came from shares issued ($278K); the cash balance fell by $23.1M.

Operating cash flow was $7.8M against net income of $15.1M — 0.5× profit, less cash than reported earnings, worth checking against working capital. The largest differences: accrued liabilities −$4.6M, payables +$2.6M, stock-based pay +$1.1M.

Free cash flow

Marketwise: free cash flow by quarterMarketwise: free cash flow by quarter$5.9MQ4 2024$1.7MQ1 2025$17.7MQ2 2025$2.2MQ3 2025$24.0MQ4 2025−$2.5MQ1 2026$22.3MQ2 2026$8.4MQ3 2026
Operating cash flow less capital spending.
Marketwise: operating cash flow against capital spendingMarketwise: operating cash flow against capital spendingOperating cash flowCapital spending$6.0M$81KQ4 2024$1.7M$45KQ1 2025$17.8M$118KQ2 2025$2.2M$15KQ3 2025$24.2M$213KQ4 2025−$2.1M$473KQ1 2026$22.4M$154KQ2 2026$7.8M−$548KQ3 2026
Latest (Q3 2026): Operating cash flow $7.8M, Capital spending −$548K.

Capital allocation, year by year

Marketwise: where the cash came from (up) and went (down), by fiscal yearMarketwise: where the cash came from (up) and went (down), by fiscal yearOperating cash flowShares issuedCapital spendingAcquisitionsBuybacksDividendsFY2021: Operating cash flow $63.6MFY2021: Capital spending −$157KFY2021: Acquisitions −$7.1MFY2021: Buybacks −$3.3M$63.6MFY2021FY2022: Operating cash flow $48.4MFY2022: Shares issued $827KFY2022: Capital spending −$35KFY2022: Acquisitions −$12.8MFY2022: Buybacks −$13.1M$49.2MFY2022FY2023: Operating cash flow $62.4MFY2023: Shares issued $678KFY2023: Capital spending −$65KFY2023: Acquisitions −$170KFY2023: Dividends −$5.7M$63.1MFY2023FY2024: Operating cash flow −$22.1MFY2024: Shares issued $301KFY2024: Capital spending −$133KFY2024: Buybacks −$10.8MFY2024: Dividends −$1.5M$301KFY2024FY2025: Operating cash flow $46.0MFY2025: Shares issued $418KFY2025: Capital spending −$391KFY2025: Buybacks −$3.4MFY2025: Dividends −$4.8M$46.4MFY2025
Over these 5 years operating cash flow totalled $198M; the largest uses were buybacks ($30.6M) and operating cash flow ($22.1M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$27.4M
Debtnone
Net cash$27.4M

Marketwise funds itself: free cash flow was $52.1M over the last twelve months, with $27.4M of cash and investments and no debt on the balance sheet.

Where the cash came from and went

Marketwise: sources (+) and uses (−) of cash, Q3 2026Marketwise: sources (+) and uses (−) of cash, Q3 2026Operating cash flow$7.8MCash drawn (+) / kept (−)$5.5MPartners−$4.8MOther financing−$4.2MTaxes on employees’ shares−$1.6MDividends−$1.3MBuybacks−$1.2MOther investing−$958KCapital spending$548KExchange rates$29K
Marketwise: sources (+) and uses (−) of cash, TTM to Q3 2026Marketwise: sources (+) and uses (−) of cash, TTM to Q3 2026Operating cash flow$52.4MOther financing−$49.9MCash drawn (+) / kept (−)$23.1MPartners−$14.2MDividends−$4.6MTaxes on employees’ shares−$2.6MOther investing−$2.3MBuybacks−$2.0MCapital spending−$292KShares issued$278KExchange rates$27K

From profit to cash

Marketwise: net income to operating cash flow, Q3 2026Marketwise: net income to operating cash flow, Q3 2026Net income$15.1MDepreciation & amortization$535KStock-based pay$1.1MDeferred taxes$1.0MReceivables−$110KPayables$2.6MAccrued liabilities−$4.6MDeferred revenue−$182KPrepaid and other assets−$14KOther liabilities−$330KOperating cash flow$7.8M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingBuybacksDividendsShares issuedCash drawn (+) / kept (−)Free cash flow
Q3 2026$7.8M$548K−$1.2M−$1.3M—$5.5M$8.4M
Q2 2026$22.4M−$154K−$313K−$1.2M—$19.8M$22.3M
Q1 2026−$2.1M−$473K−$57K−$1.1M—$17.5M−$2.5M
Q4 2025$24.2M−$213K−$478K−$974K$135K−$19.6M$24.0M
Q3 2025$2.2M−$15K−$1.1M−$1.0M—$18.6M$2.2M
Q2 2025$17.8M−$118K−$1.9M−$772K—$10.1M$17.7M
Q1 2025$1.7M−$45K—−$2.0M—$18.7M$1.7M
Q4 2024$6.0M−$81K—−$393K$88K−$3.8M$5.9M

Marketwise: income statement and cash flow

Marketwise, Q3 2026: revenue $80.1M (-2% year over year), operating margin 19.8%. The chart follows the revenue to costs, profit and cash.

Marketwise: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.