MarketWise Inc-A 2026年季度报告

FORM 10-Q OR MarketWise, Inc. (Exact Name of Registrant as Specified in Its Charter) (Address of principal executive offices, including zip code) (888) 261-2693 (Registrant’s telephone number, including area code) (Former name or former address, if changed since last report) Securities registered pursuant to Section 12(b) of the Exchange Act: Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and(2) has been subject to such filing requirements for the past 90 days.☑Yes☐No Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant was required to submit such files).☑Yes☐No Indicate by check mark whether the registrant is large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reportingcompany,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 12 (a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).☐Yes☑No As of May5, 2026, there were 2,638,780 shares of the registrant’s Class A common stock and 12,986,774 shares of the registrant’sClass B common stock, each with a par value of $0.0001 per share, outstanding. PagePART I.FINANCIAL INFORMATION5Item 1.Financial Statements5Condensed Consolidated Balance Sheets as of March 31, 2026 (unaudited) and December 31, 2025(audited)6Condensed Consolidated Statement of Operations for the Three Months Ended March 31, 2026 and 2025(unaudited)8Condensed Consolidated Statements of Comprehensive Income for the Three Months Ended March 31,2026 and 2025 (unaudited)9Condensed Consolidated Statements of Changes in Stockholders' Deficit for the Three Months EndedMarch 31, 2026 and 2025 (unaudited)10Condensed Consolidated Statements of Cash Flows for the Three Months Ended March 31, 2026 and 2025(unaudited)12Notes to the condensed consolidated financial statements (unaudited)13Item 2.Management's Discussion and Analysis of Financial Condition and Results of Operations31Item 3.Quantitative and Qualitative Disclosures About Market Risk47Item 4.Controls and Procedures47PART II.OTHER INFORMATION48Item 1.Legal Proceedings48Item 1A.Risk Factors48Item 2.Unregistered Sales of Equity Securities and Use of Proceeds49Item 3.Defaults Upon Senior Securities49Item 4.Mine Safety Disclosures49Item 5.Other Information49Item 6.Exhibits49Signatures51 CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q contains forward-looking statements within the meaning of Section 27A of the Securities Act of1933, as amended (“Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (“Exchange Act”), and as suchare not historical facts. This includes, without limitation, statements regarding our financial position and business strategy, and the plansand objectives of management for our future operations. Such statements can be identified by the fact that they do not relate strictly tohistorical or current facts. When used in this report, words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,”“intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “strive,” “would,” and similar expressions mayidentify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are predictions, projections, and other statements about future events that are based on current expectations andassumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially fromthe forward-looking statements in this report, including, but not limited to: ▪our ability to attract new subscribers and to persuade existing subscribers to renew their subscription agreements with us and topurchase additional products and services from us;▪our ability to adequately market our products and services, and to develop additional products and product offerings;▪our ability to manage our growth effectively, including through acquisitions;▪failure to maintain and protect our reputation for trustworthiness and independence;▪our ability to attract, develop, and retain capable management, e