Related Party Transactions |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Related Party Transactions [Abstract] | |
| Related Party Transactions | Related Party Transactions We have certain revenue share agreements with related parties. Accordingly, we recognized revenue from related parties of $518 thousand and $641 thousand for the three months ended June 30, 2026 and 2025, respectively, and $1.2 million and $1.1 million for the six months ended June 30, 2026 and 2025, respectively. We also incurred revenue share expenses paid to related parties of $1.6 million and $1.2 million which were capitalized as contract origination costs for the three months ended June 30, 2026 and 2025, respectively, and $4.7 million and $2.3 million for the six months ended June 30, 2026 and 2025, respectively. A related party provided call center support and other services to the Company for which we recorded an expense within cost of revenue of $90 thousand and $91 thousand for the three months ended June 30, 2026 and 2025, respectively, and $178 thousand and $201 thousand for the six months ended June 30, 2026 and 2025, respectively. A related party provided marketing and copywriting services to the Company for which we recorded an expense within cost of revenue of none and $286 thousand for the three months ended June 30, 2026 and 2025, respectively, and $40 thousand and $376 thousand for the six months ended June 30, 2026 and 2025, respectively. A related party also provided certain corporate functions to MarketWise and the costs of these services are charged to MarketWise. We recorded $25 thousand and $24 thousand for the three months ended June 30, 2026 and 2025, respectively, and $50 thousand and $48 thousand for the six months ended June 30, 2026 and 2025, respectively, within related party expense in the accompanying condensed consolidated statement of operations. We held balances of $433 thousand and $502 thousand as of June 30, 2026 and December 31, 2025 of related party payables related to revenue share expenses, call center support, and the services noted above. We also have receivables balances of $823 thousand and $339 thousand as of June 30, 2026 and December 31, 2025 of related party payables related to revenue share expenses, call center support, and the services noted above. We earned fees and provided certain accounting and marketing services to companies owned by certain of MarketWise’s Class B stockholders. As a result, we recognized $88 thousand and $84 thousand in other income, net for the three months ended June 30, 2026 and 2025, respectively, and $194 thousand and $244 thousand for the six months ended June 30, 2026 and 2025, respectively. Related party receivables related to these services were $199 thousand and $176 thousand as of June 30, 2026 and December 31, 2025, respectively. We lease offices from related parties. Lease payments made to related parties were $261 thousand and $279 thousand for the three months ended June 30, 2026 and 2025, respectively, and $522 thousand and $668 thousand for six months ended June 30, 2026 and 2025, respectively. Related party rent expense of $279 thousand and $$448 thousand were recognized in general and administrative expenses for the three months ended June 30, 2026 and 2025, respectively, and $558 thousand and $1.0 million for six months ended June 30, 2026 and 2025, respectively. At June 30, 2026 and December 31, 2025, ROU assets of $6.1 million and $6.7 million and lease liabilities of $5.5 million and $6.1 million, respectively are associated with leases with related parties. Additionally, we paid $700 thousand in lease termination fees related to our former Legacy Research lease during the six months ended June 30, 2025. For more information, see Note 6 – Balance Sheet Components.
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