Filing Flows › Marketwise (MKTW) › Q3 2025
Marketwise (MKTW) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 6, 2025
Marketwise (MKTW) reported revenue of $81.3M for the third quarter 2025 (Q3 2025), -16% from a year earlier and +2% from the quarter before. Operating margin was 21.9%, net earnings $1.5M (1.9% of revenue).
Marketwise, Q3 2025: revenue $81.3M (-16% year over year), operating margin 21.9%, net earnings $1.5M, operating cash flow $2.2M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $81.3M | +2% | -16% |
| Operating profit | $17.8M | +20% | -19% |
| Net earnings | $1.5M | +16% | -12% |
| Operating cash flow | $2.2M | -88% | — |
| Free cash flow | $2.2M | -88% | — |
What changed
Revenue was $81.3M in Q3 2025, down 16% year over year and up 2% from the previous quarter.
Operating profit was $17.8M, a 21.9% margin (down 0.6 points year over year). Total costs fell 16% while revenue fell 16%. The fastest-growing cost line was Other operating costs (+22%). Net earnings were $1.5M, down 12% year over year. The effective tax rate was 5.6%.
Operating cash flow was $2.2M, 12% of net income including minority interests. Non-cash charges added back $651K of depreciation and amortization and $2.8M of share-based compensation. Working capital and other items used $19.1M. Capital expenditures of $15K left free cash flow of $2.2M.
Questions
What was Marketwise's revenue in the third quarter 2025?
Marketwise (MKTW) reported revenue of $81.3M for the third quarter 2025 (Q3 2025), -16% from a year earlier and +2% from the quarter before.
Was Marketwise profitable in the third quarter 2025?
Operating profit was $17.8M (21.9% of revenue) and net earnings $1.5M.
Source: Marketwise 10-Q on SEC EDGAR.