Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 139,078 $ 114,422
Accounts receivable 7,805 12,398
Prepaid expenses 13,043 8,530
Related party receivables 496 874
Related party notes receivable, current 298 0
Restricted cash 500 505
Deferred contract acquisition costs 82,685 42,019
Other current assets 2,484 1,889
Total current assets 246,389 180,637
Property and equipment, net 1,188 1,417
Operating lease right-of-use assets 10,901 12,337
Intangible assets, net 8,612 5,278
Goodwill 23,288 18,101
Deferred contract acquisition costs, noncurrent 120,386 65,217
Related party notes receivable, noncurrent 861 1,148
Deferred tax assets 8,964 0
Other assets 965 678
Total assets 421,554 284,813
Current liabilities:    
Trade and other payables 4,758 11,969
Related party payables, net 970 2,515
Accrued expenses 46,453 32,134
Deferred revenue and other contract liabilities 317,133 278,267
Operating lease liabilities 1,274 1,077
Other current liabilities 24,905 19,576
Total current liabilities 395,493 345,538
Deferred revenue and other contract liabilities, noncurrent 393,043 254,481
Warrant liabilities 29,332 0
Operating lease liabilities, noncurrent 6,933 7,826
Total liabilities 826,816 1,205,423
Commitments and Contingencies 0 0
Stockholders’ deficit / members’ deficit:    
Preferred stock - par value of $0.0001 per share, 100,000,000 shares authorized; 0 shares issued and outstanding at September 30, 2021 0  
Additional paid-in capital 97,548  
Class A members’ units, 0 and 547,466 units issued and outstanding at December 31, 2021 and December 31, 2020, respectively   (914,728)
Accumulated other comprehensive loss (9) (17)
Accumulated deficit (146,115)  
Total stockholders' deficit attributable to MarketWise, Inc. (48,545)  
Total members' deficit attributable to MarketWise, Inc.   (914,745)
Noncontrolling interest (356,717)  
Noncontrolling interest   (5,865)
Total stockholders' deficit (405,262)  
Total members' deficit   (920,610)
Total liabilities, noncontrolling interest, and stockholders’ deficit / members’ deficit 421,554 284,813
Common stock - Class A, par value of $0.0001 per share, 950,000,000 shares authorized; 25,152,469 shares issued and outstanding at September 30, 2021    
Stockholders’ deficit / members’ deficit:    
Common stock 2  
Common stock - Class B, par value of $0.0001 per share, 300,000,000 shares authorized; 291,092,303 shares issued and outstanding at September 30, 2021    
Stockholders’ deficit / members’ deficit:    
Common stock 29  
Class B Units    
Current liabilities:    
Liabilities, noncurrent 0 593,235
Other    
Current liabilities:    
Liabilities, noncurrent $ 2,015 $ 4,343