Marqeta, Inc. MQ

Technology SIC 7372 - Services-Prepackaged Software NAICS Information › Publishing Industries › Software Publishers derived Nasdaq

Marqeta's mission is modernizing financial services by making the entire payment experience native and delightful. Marqeta's modern platform empowers our customers to create customized and innovative payment card programs, giving them configurability and flexibility. When our customers come to us to build a payments solution, they are not just building a card, they are building a payments experience.

Our platform encompasses debit, prepaid, and credit programs, and provides banking and money movement, risk management, and rewards products. We deliver a scaled solution to our customers to maximize the benefit of their card programs while also providing the tech layer that bridges the bank and the customer. Marqeta's open APIs provide instant access to a highly scalable, cloud-based payment infrastructure that enables customers to embed the payments experience into apps or websites for a personalized user experience. Customers can launch and manage their own card programs, issue cards, and authorize and settle payment transactions quickly using our platform.

Last close 18.85 2026-10-23
Market cap $1.99B estimated share count
52-week range 14.80 - 22.28

Valuation FY2025 figures against the last close

P/S3.2x
P/E—
P/FCF12.4x
EV/EBITDA—
Dividend yield—
Diluted EPS—

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Revenue $624.9M$507.0M$676.2M$748.2M$517.2M$290.3M$143.3M—
Cost of revenue $187.6M$155.1M$346.7M$428.2M$285.5M$172.4M$82.8M—
Gross profit $437.3M$351.8M$329.5M$320.0M$231.7M$117.9M$60.5M—
Total operating expenses $483.7M$376.3M$612.5M$529.8M$393.7M$165.0M$119.3M—
Operating income -$46.4M-$24.5M-$283.0M-$209.8M-$162.0M-$47.1M-$58.9M—
Pre-tax income -$13.3M$28.1M-$230.6M-$184.9M-$164.6M-$47.6M-$58.2M—
Income tax $596.0K$793.0K$7.6M$102.0K$640.0K$87.0K$35.0K—
Net income -$13.9M$27.3M-$223.0M-$184.8M-$163.9M-$47.7M-$58.2M—
Shares, diluted (wtd. avg.) 462.2M518.8M532.5M545.4M362.8M122.9M113.9M—

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Cash and equivalents $709.4M$923.0M$981.0M$1.19B$1.26B$228.2M$68.1M$44.8M
Short-term investments $62.5M$179.4M$268.7M$440.9M$452.9M$149.9M——
Receivables $41.4M$30.0M$19.5M$15.6M$13.2M$8.4M——
Total current assets $1.24B$1.25B$1.39B$1.75B$1.80B$430.9M——
Property, plant and equipment $59.9M$37.5M$18.8M$7.4M$9.7M$9.5M——
Goodwill $154.7M$123.5M$123.5M$0————
Other intangibles $51.4M$29.8M$35.6M$0————
Total assets $1.53B$1.46B$1.59B$1.77B$1.83B$457.7M——
Total current liabilities $749.1M$371.0M$336.6M$282.9M$238.0M$141.1M——
Total liabilities $763.1M$378.2M$346.3M$297.4M$257.0M$169.5M——
Retained earnings -$811.8M-$797.9M-$825.2M-$602.2M-$417.5M-$253.5M——
Total equity $762.0M$1.09B$1.24B$1.47B$1.57B-$213.7M-$198.4M-$84.9M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Operating cash flow $162.6M$58.2M$21.1M-$13.0M$57.0M$50.3M-$15.4M—
Depreciation and amortisation $27.2M$17.5M$10.7M$3.9M$3.5M$3.5M$3.1M—
Stock-based compensation $104.8M$136.6M$127.5M$107.5M$142.7M$28.2M$21.8M—
Capital expenditure $1.8M$2.4M$762.0K$2.3M$2.7M$2.4M$4.9M—
Investing cash flow $271.1M$70.8M$38.5M$28.7M-$329.1M-$57.6M-$100.3M—
Financing cash flow -$347.3M-$186.9M-$261.8M-$79.5M$1.30B$167.4M$139.0M—
Buybacks $391.4M$154.4M$190.4M$78.1M$0$0——

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001522540-26-000030.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -250M 0 250M 500M 750M Revenue, FY2019: 143.3M Gross profit, FY2019: 60.5M Net income, FY2019: -58.2M Revenue, FY2020: 290.3M Gross profit, FY2020: 117.9M Net income, FY2020: -47.7M Revenue, FY2021: 517.2M Gross profit, FY2021: 231.7M Net income, FY2021: -163.9M Revenue, FY2022: 748.2M Gross profit, FY2022: 320M Net income, FY2022: -184.8M Revenue, FY2023: 676.2M Gross profit, FY2023: 329.5M Net income, FY2023: -223M Revenue, FY2024: 507M Gross profit, FY2024: 351.8M Net income, FY2024: 27.3M Revenue, FY2025: 624.9M Gross profit, FY2025: 437.3M Net income, FY2025: -13.9M FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue — $143.3M $290.3M $517.2M $748.2M $676.2M $507.0M $624.9M
Gross profit — $60.5M $117.9M $231.7M $320.0M $329.5M $351.8M $437.3M
Net income — -$58.2M -$47.7M -$163.9M -$184.8M -$223.0M $27.3M -$13.9M

Recent filings and events

  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Officer or director change Item 5.02
  • Officer or director change Item 5.02
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Officer or director change Item 5.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Other event Item 8.01
  • Officer or director change Item 5.02
  • Results announced Item 2.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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