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Side-by-side financial comparison of MARKETWISE, INC. (MKTW) and Planet Labs PBC (PL). Click either name above to swap in a different company.

MARKETWISE, INC. is the larger business by last-quarter revenue ($83.4M vs $81.3M, roughly 1.0× Planet Labs PBC). MARKETWISE, INC. runs the higher net margin — 2.3% vs -72.8%, a 75.2% gap on every dollar of revenue. On growth, Planet Labs PBC posted the faster year-over-year revenue change (32.6% vs -14.4%). MARKETWISE, INC. produced more free cash flow last quarter ($45.6M vs $1.9M). Over the past eight quarters, Planet Labs PBC's revenue compounded faster (17.5% CAGR vs -12.5%).

MarketWise Inc. is a leading provider of investment research, financial market data, and wealth management education solutions. It serves both retail and institutional investors across North America, Europe, and the Asia-Pacific region, offering actionable market insights, portfolio analysis tools, and specialized multi-asset research.

Planet Labs PBC, known as "Planet.", is a publicly traded American Earth imaging company based in San Francisco, California. Their goal is to image the entirety of the Earth daily to monitor changes and pinpoint trends.

MKTW vs PL — Head-to-Head

Bigger by revenue
MKTW
MKTW
1.0× larger
MKTW
$83.4M
$81.3M
PL
Growing faster (revenue YoY)
PL
PL
+47.1% gap
PL
32.6%
-14.4%
MKTW
Higher net margin
MKTW
MKTW
75.2% more per $
MKTW
2.3%
-72.8%
PL
More free cash flow
MKTW
MKTW
$43.7M more FCF
MKTW
$45.6M
$1.9M
PL
Faster 2-yr revenue CAGR
PL
PL
Annualised
PL
17.5%
-12.5%
MKTW

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
MKTW
MKTW
PL
PL
Revenue
$83.4M
$81.3M
Net Profit
$1.9M
$-59.2M
Gross Margin
87.0%
57.3%
Operating Margin
15.8%
-22.6%
Net Margin
2.3%
-72.8%
Revenue YoY
-14.4%
32.6%
Net Profit YoY
-9.8%
-194.7%
EPS (diluted)
$0.79
$-0.19

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
MKTW
MKTW
PL
PL
Q4 25
$83.4M
$81.3M
Q3 25
$81.3M
$73.4M
Q2 25
$80.0M
$66.3M
Q1 25
$83.5M
$61.6M
Q4 24
$97.5M
$61.3M
Q3 24
$97.2M
$61.1M
Q2 24
$105.0M
$60.4M
Q1 24
$109.0M
$58.9M
Net Profit
MKTW
MKTW
PL
PL
Q4 25
$1.9M
$-59.2M
Q3 25
$1.5M
$-22.6M
Q2 25
$1.3M
$-12.6M
Q1 25
$890.0K
$-35.2M
Q4 24
$2.1M
$-20.1M
Q3 24
$1.7M
$-38.7M
Q2 24
$1.5M
$-29.3M
Q1 24
$1.7M
$-30.1M
Gross Margin
MKTW
MKTW
PL
PL
Q4 25
87.0%
57.3%
Q3 25
87.0%
57.6%
Q2 25
86.3%
55.2%
Q1 25
85.7%
62.1%
Q4 24
88.7%
61.2%
Q3 24
86.7%
52.9%
Q2 24
87.3%
52.4%
Q1 24
87.7%
55.2%
Operating Margin
MKTW
MKTW
PL
PL
Q4 25
15.8%
-22.6%
Q3 25
21.9%
-24.5%
Q2 25
18.5%
-34.4%
Q1 25
20.1%
-31.5%
Q4 24
24.8%
-36.9%
Q3 24
22.5%
-64.8%
Q2 24
20.3%
-57.2%
Q1 24
19.8%
-57.6%
Net Margin
MKTW
MKTW
PL
PL
Q4 25
2.3%
-72.8%
Q3 25
1.9%
-30.8%
Q2 25
1.6%
-19.1%
Q1 25
1.1%
-57.1%
Q4 24
2.2%
-32.8%
Q3 24
1.8%
-63.3%
Q2 24
1.5%
-48.5%
Q1 24
1.5%
-51.1%
EPS (diluted)
MKTW
MKTW
PL
PL
Q4 25
$0.79
$-0.19
Q3 25
$0.58
$-0.07
Q2 25
$0.53
$-0.04
Q1 25
$0.41
$-0.12
Q4 24
$1.06
$-0.07
Q3 24
$0.87
$-0.13
Q2 24
$0.80
$-0.10
Q1 24
$0.85
$-0.10

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
MKTW
MKTW
PL
PL
Cash + ST InvestmentsLiquidity on hand
$70.1M
$443.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$-11.7M
$349.6M
Total Assets
$218.4M
$1.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MKTW
MKTW
PL
PL
Q4 25
$70.1M
$443.3M
Q3 25
$50.5M
$181.1M
Q2 25
$69.1M
$133.5M
Q1 25
$79.2M
$118.0M
Q4 24
$97.9M
$139.0M
Q3 24
$94.1M
$148.3M
Q2 24
$109.3M
$107.4M
Q1 24
$131.2M
$83.9M
Total Debt
MKTW
MKTW
PL
PL
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
$707.0K
Stockholders' Equity
MKTW
MKTW
PL
PL
Q4 25
$-11.7M
$349.6M
Q3 25
$-14.5M
$435.7M
Q2 25
$-15.8M
$444.8M
Q1 25
$-15.8M
$441.3M
Q4 24
$-12.5M
$464.6M
Q3 24
$-19.5M
$473.2M
Q2 24
$-23.7M
$500.3M
Q1 24
$-9.4M
$518.0M
Total Assets
MKTW
MKTW
PL
PL
Q4 25
$218.4M
$1.1B
Q3 25
$201.7M
$696.4M
Q2 25
$211.8M
$658.4M
Q1 25
$239.6M
$633.8M
Q4 24
$259.5M
$630.8M
Q3 24
$278.4M
$658.4M
Q2 24
$315.3M
$674.6M
Q1 24
$359.3M
$702.0M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
MKTW
MKTW
PL
PL
Operating Cash FlowLast quarter
$46.0M
$28.6M
Free Cash FlowOCF − Capex
$45.6M
$1.9M
FCF MarginFCF / Revenue
54.6%
2.3%
Capex IntensityCapex / Revenue
0.5%
32.9%
Cash ConversionOCF / Net Profit
23.84×
TTM Free Cash FlowTrailing 4 quarters
$67.1M
$40.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MKTW
MKTW
PL
PL
Q4 25
$46.0M
$28.6M
Q3 25
$2.2M
$67.8M
Q2 25
$17.8M
$17.3M
Q1 25
$1.7M
$-6.3M
Q4 24
$-22.1M
$4.1M
Q3 24
$-5.8M
$-7.9M
Q2 24
$-3.8M
$-4.3M
Q1 24
$-18.5M
$-6.8M
Free Cash Flow
MKTW
MKTW
PL
PL
Q4 25
$45.6M
$1.9M
Q3 25
$2.2M
$47.5M
Q2 25
$17.7M
$9.2M
Q1 25
$1.7M
$-17.9M
Q4 24
$-22.3M
$-3.6M
Q3 24
$-5.9M
$-23.0M
Q2 24
$-3.8M
$-14.2M
Q1 24
$-15.7M
FCF Margin
MKTW
MKTW
PL
PL
Q4 25
54.6%
2.3%
Q3 25
2.7%
64.7%
Q2 25
22.2%
13.9%
Q1 25
2.0%
-29.1%
Q4 24
-22.9%
-5.8%
Q3 24
-6.0%
-37.6%
Q2 24
-3.6%
-23.6%
Q1 24
-26.7%
Capex Intensity
MKTW
MKTW
PL
PL
Q4 25
0.5%
32.9%
Q3 25
0.0%
27.6%
Q2 25
0.1%
12.3%
Q1 25
0.1%
18.9%
Q4 24
0.1%
12.5%
Q3 24
0.0%
24.8%
Q2 24
0.0%
16.4%
Q1 24
0.0%
15.1%
Cash Conversion
MKTW
MKTW
PL
PL
Q4 25
23.84×
Q3 25
1.44×
Q2 25
13.76×
Q1 25
1.95×
Q4 24
-10.36×
Q3 24
-3.39×
Q2 24
-2.46×
Q1 24
-11.17×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

MKTW
MKTW

Segment breakdown not available.

PL
PL

Defense And Intelligence$49.4M61%
Civil Government$18.8M23%
Commercial$13.1M16%

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