Consolidated Statements of Stockholders' Deficit / Members' Deficit - USD ($)
$ in Thousands
Total
Marketwise, LLC
Common Stock - Class B
Class A Members’ units
Common Stock
Common Stock - Class A
Common Stock
Common Stock - Class B
Preferred Stock
Additional paid-in capital
Accumulated deficit
Accumulated Other Comprehensive Income (Loss)
Total Stockholders’ Deficit / Members’ Deficit Attributable to MarketWise, Inc.
Noncontrolling Interest
Class A members' units, beginning balance (in shares) at Dec. 31, 2018       611,547                
Class A members' units, beginning balance at Dec. 31, 2018 $ (273,271)     $ (267,619)           $ 38 $ (267,581) $ (5,690)
Members' Deficit                        
Class A units transferred to Class B (in shares)       (25,126)                
Minority interest share exchange - Casey Research (in shares)       18,931                
Minority interest share exchange - Casey Research       $ (2,160)             (2,160) 2,160
Distributions (22,302)     (20,471)             (20,471) (1,831)
Net (loss) income 27,993     $ 27,957             27,957 36
Class A members' units, ending balance (in shares) at Dec. 31, 2019       605,352                
Class A members' units, ending balance at Dec. 31, 2019 (268,064)     $ (262,293)           (3) (262,296) (5,768)
Class A members' units, beginning balance at Dec. 31, 2018 (273,271)     (267,619)           38 (267,581) (5,690)
Stockholders' Deficit                        
Foreign currency translation adjustments (41)                 (41) (41)  
Transaction costs for acquisition of noncontrolling interest - Tradesmith (443)                     (443)
Minority interest share exchange - Casey Research       (2,160)             (2,160) 2,160
Distributions 22,302     20,471             20,471 1,831
Net Income 27,993     27,957             27,957 36
Class A members' units, ending balance at Dec. 31, 2019 (268,064)     $ (262,293)           (3) (262,296) (5,768)
Stockholders' Deficit                        
Income tax provision 0                      
Controlling interests 27,957                      
Noncontrolling interests 36                      
Class A units transferred to Class B (in shares)       (57,886)                
Acquisition of noncontrolling interest - TradeSmith (9,164)     $ (12,295)             (12,295) 3,131
Distributions (102,277)     (101,767)             (101,767) (510)
Net (loss) income $ (541,091)     $ (538,373)             (538,373) (2,718)
Class A members' units, ending balance (in shares) at Dec. 31, 2020 547,466     547,466                
Class A members' units, ending balance at Dec. 31, 2020 $ (920,610)     $ (914,728)           (17) (914,745) (5,865)
Class A members' units, beginning balance at Dec. 31, 2019 (268,064)     (262,293)           (3) (262,296) (5,768)
Stockholders' Deficit                        
Foreign currency translation adjustments (14)                 (14) (14)  
Distributions 102,277     101,767             101,767 510
Net Income (541,091)     (538,373)             (538,373) (2,718)
Acquisition of noncontrolling interest - TradeSmith 9,164     12,295             12,295 (3,131)
Class A members' units, ending balance at Dec. 31, 2020 (920,610)     $ (914,728)           (17) (914,745) (5,865)
Stockholders' Deficit                        
Income tax provision 0                      
Controlling interests (538,373)                      
Noncontrolling interests (2,718)                      
Class A units transferred to Class B (in shares)       (18,947)                
Distributions (15,929)     $ (15,098)             (15,098) (831)
Net (loss) income (1,032,611)     $ (1,031,561)             (1,031,561) (1,050)
Distributions related to the recapitalization (in shares)       (120,353,000)                
Class A members' units, beginning balance at Dec. 31, 2020 (920,610)     $ (914,728)           (17) (914,745) (5,865)
Stockholders' Deficit                        
Foreign currency translation adjustments (101)                 (101) (101)  
Distributions 15,929     15,098             15,098 831
Net Income (1,032,611)     $ (1,031,561)             (1,031,561) (1,050)
Acquisition of Chaikin 810                     810
Distributions related to the recapitalization (120,353)                   (120,353)  
Controlling interests (1,031,561)                      
Noncontrolling interests $ (1,050)                      
Class A members' units, beginning balance (in shares) at Dec. 31, 2020 547,466     547,466                
Class A members' units, beginning balance at Dec. 31, 2020 $ (920,610)     $ (914,728)           (17) (914,745) (5,865)
Members' Deficit                        
Net (loss) income (953,883)                      
Class A members' units, beginning balance at Dec. 31, 2020 (920,610)     $ (914,728)           (17) (914,745) (5,865)
Stockholders' Deficit                        
Foreign currency translation adjustments (101)                      
Net Income $ (953,883)                      
Equity-based compensation (in shares) 309,500                      
Repurchase of stock (in shares) (500,270)                      
Ending balance (in shares) at Dec. 31, 2021         24,718,402 291,092,303 0          
Ending balance at Dec. 31, 2021 $ (405,262)       $ 2 $ 29 $ 0 $ 97,548 $ (146,115) (9) (48,545) (356,717)
Stockholders' Deficit                        
Income tax provision 2,358                      
Controlling interests (1,013,309)                      
Noncontrolling interests 59,426                      
Class A members' units, beginning balance (in shares) at Jul. 20, 2021     589,465                  
Members' Deficit                        
Reverse capitalization on July 21, 2021 (in shares)     291,092,303 (528,519)                
Reverse capitalization on July 21, 2021       $ 2,081,740         (164,367)   1,917,373 (1,917,373)
Stockholders' Deficit                        
Net proceeds 113,641             113,641     113,641  
Reclassification of Class B Units from liability to equity on July 21, 2021 (date of the Transactions) 1,528,228             1,528,228     1,528,228  
Reverse capitalization on July 21, 2021       $ 2,081,740         (164,367)   1,917,373 (1,917,373)
Issuance of Common Stock - Class A and Class B (in shares)         24,952,096 291,092,303            
Issuance of Common Stock - Class A and Class B         $ 2 $ 29   (31)        
Establishment of derivative warrant liabilities (45,021)             (45,021)     (45,021)  
Establishment of deferred taxes 11,136             11,136     11,136  
Establishment of noncontrolling interest               (1,511,911)   109 (1,511,802) 1,511,802
Ownership percentage   7.90%                    
Noncontrolling interest ownership percentage   92.10%                    
Distributions (4,686)                     (4,686)
Net (loss) income 78,728               18,252   18,252 60,476
Distributions 4,686                     4,686
Net Income 78,728               18,252   18,252 60,476
Equity-based compensation (in shares)         200,373              
Equity-based compensation 3,998             3,998     3,998  
Issuance of stock for derivative settlement (in shares)         66,203              
Issuance of stock for derivative settlement 662             662     662  
Repurchase of stock (in shares)         (500,270)              
Repurchases of stock (3,340)             (3,340)     (3,340)  
Remeasurement of deferred taxes due to change in ownership interest in MarketWise, LLC 186             186     186  
Ending balance (in shares) at Dec. 31, 2021         24,718,402 291,092,303 0          
Ending balance at Dec. 31, 2021 (405,262)       $ 2 $ 29 $ 0 $ 97,548 $ (146,115) $ (9) $ (48,545) $ (356,717)
Stockholders' Deficit                        
Gain on derivative warrant liabilities 15,689                      
Income tax provision 2,358                      
Controlling interests 18,252                      
Noncontrolling interests $ 60,476