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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 137,588 $ 114,422
Accounts receivable 6,817 12,398
Prepaid expenses 12,926 8,530
Related party receivables 503 874
Related party notes receivable, current 295 0
Restricted cash 500 505
Deferred contract acquisition costs 74,470 42,019
Other current assets 2,652 1,889
Total current assets 235,751 180,637
Property and equipment, net 1,195 1,417
Operating lease right-of-use assets 11,360 12,337
Intangible assets, net 9,096 5,278
Goodwill 23,338 18,101
Deferred contract acquisition costs, noncurrent 114,816 65,217
Related party notes receivable, noncurrent 861 1,148
Deferred tax assets 6,971 0
Other assets 41 678
Total assets 403,429 284,813
Current liabilities:    
Trade and other payables 4,349 11,969
Related party payables, net 1,238 2,515
Accrued expenses 63,317 32,134
Deferred revenue and other contract liabilities 338,186 278,267
Derivative liabilities, current 547 0
Operating lease liabilities 1,252 1,077
Other current liabilities 25,327 19,576
Total current liabilities 434,216 345,538
Derivative warrant liabilities 35,069 0
Deferred revenue and other contract liabilities, noncurrent 366,676 254,481
Operating lease liabilities, noncurrent 7,190 7,826
Total liabilities 845,356 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 96,344  
Class A members’ units, 0 and 547,466 units issued and outstanding at September 30, 2021 and December 31, 2020, respectively   (914,728)
Accumulated other comprehensive loss (49) (17)
Accumulated deficit (154,687)  
Total stockholders' deficit attributable to MarketWise, Inc. (58,361)  
Total members' deficit attributable to MarketWise, Inc.   (914,745)
Noncontrolling interest (383,566)  
Noncontrolling interest   (5,865)
Total stockholders' deficit (441,927)  
Total members' deficit   (920,610)
Total liabilities, noncontrolling interest, and stockholders’ deficit / members’ deficit 403,429 284,813
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 $ 2,205 $ 4,343