MarketWise (NASDAQ:MKTW) reported fourth-quarter and full-year 2025 results on Friday, highlighting a successful pivot toward higher-value products that drove billings and cash flow well above company guidance.
The Baltimore-based digital subscription platform posted fourth-quarter net income of $14 million on revenue of $83.4 million.
A standout metric for the period was total billings, which surged 42% year-over-year to $78.9 million, reflecting strong demand for the company’s premium financial research and software tools.
The company’s operational discipline resulted in a significant improvement in liquidity, with cash from operating activities rising by $18.2 million compared to the fourth quarter of 2024.
For the full year, MarketWise generated $45 million in cash from operations—a $68.1 million swing from the prior year's deficit—beating its own guidance of $30 million.
Capitalizing on this momentum, the Board of Directors recently declared a combined quarterly and special dividend of $0.45 per share and resumed its $50 million share repurchase program, signaling a target for $1.80 in total dividends per share for fiscal 2026.