NASDAQ : MQ
Marqeta, Inc. — Financial statements
Technology · Software - Infrastructure · United States
Last price 18.07 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 1.88B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Marqeta, Inc. (MQ) reported revenue of 677.21M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 677.21M | 624.88M | 507.00M | 676.17M | 748.21M | 517.17M |
| Cost of Revenue | 203.22M | 187.61M | 155.15M | 346.66M | 428.20M | 285.47M |
| Gross Profit | 474.00M | 437.27M | 351.85M | 329.51M | 320.00M | 231.71M |
| Selling, General & Admin | 364.25M | 371.14M | 282.02M | 524.90M | 447.08M | 343.02M |
| Research & Development | 70.58M | 65.00M | 60.06M | 55.61M | 52.36M | 33.64M |
| Other Operating Expenses | 16.16M | 15.40M | 16.78M | 17.98M | 26.51M | 13.52M |
| Operating Expenses | 484.71M | 478.70M | 376.31M | 609.23M | 529.81M | 393.71M |
| Operating Income | -10.72M | -41.43M | -24.47M | -279.71M | -209.81M | -162.01M |
| Other Non Operating Income (Expenses) | 31.87M | 33.10M | 52.55M | 52.44M | 7.04M | -2.56M |
| EBT Excluding Unusual Items | 12.55M | -8.33M | 28.08M | -227.28M | -202.77M | -164.57M |
| Merger & Restructuring Charges | 2.78M | -3.30M | ||||
| Gain (Loss) on Sale of Investments | 17.89M | |||||
| Legal Settlements | -5.00M | -5.00M | ||||
| Pretax Income | 11.24M | -13.33M | 28.08M | -230.57M | -184.88M | -164.57M |
| Income Tax Expense | 853.00K | 596.00K | 793.00K | -7.61M | -102.00K | -640.00K |
| Net Income | 10.38M | -13.93M | 27.29M | -222.96M | -184.78M | -163.93M |
| Net Income to Common | 10.38M | -13.93M | 27.29M | -222.96M | -184.78M | -163.93M |
| Shares Outstanding (Basic) | 108.54M | 115.54M | 127.77M | 133.13M | 136.35M | 90.69M |
| Shares Outstanding (Diluted) | 109.18M | 115.54M | 129.71M | 133.13M | 136.35M | 90.69M |
| EPS (Basic) | 0.10 | -0.12 | 0.21 | -1.67 | -1.36 | -1.81 |
| EPS (Diluted) | 0.10 | -0.12 | 0.21 | -1.67 | -1.36 | -1.81 |
| Free Cash Flow | 198.17M | 160.79M | 55.75M | 20.34M | -15.29M | 54.23M |
| Free Cash Flow Per Share | 1.81 | 1.39 | 0.43 | 0.15 | -0.11 | 0.60 |
| Gross Margin | 69.99% | 69.98% | 69.40% | 48.73% | 42.77% | 44.80% |
| Operating Margin | -1.58% | -6.63% | -4.83% | -41.37% | -28.04% | -31.32% |
| Profit Margin | 1.53% | -2.23% | 5.38% | -32.97% | -24.70% | -31.70% |
| Free Cash Flow Margin | 29.26% | 25.73% | 11.00% | 3.01% | -2.04% | 10.49% |
| EBITDA | 17.11M | -20.17M | -12.91M | -274.37M | -205.96M | -158.47M |
| EBITDA Margin | 2.53% | -3.23% | -2.54% | -40.58% | -27.53% | -30.64% |
| D&A For EBITDA | 27.83M | 21.26M | 11.56M | 5.34M | 3.85M | 3.53M |
| EBIT | -10.72M | -41.43M | -24.47M | -279.71M | -209.81M | -162.01M |
| EBIT Margin | -1.58% | -6.63% | -4.83% | -41.37% | -28.04% | -31.32% |
| Effective Tax Rate | 7.59% | 2.82% | ||||
| Advertising Expenses | 4.20M | 2.30M | 1.50M | 2.20M | 1.70M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 691.42M | 709.44M | 923.02M | 980.97M | 1.18B | 1.25B |
| Short-Term Investments | 9.48M | 62.48M | 179.41M | 268.72M | 440.86M | 464.49M |
| Cash & Short-Term Investments | 700.90M | 771.93M | 1.10B | 1.25B | 1.62B | 1.71B |
| Accounts Receivable | 107.61M | 124.54M | 114.57M | 104.73M | 76.88M | 55.80M |
| Other Receivables | 9.50M | 1.39M | 4.02M | 4.46M | 3.98M | 392.00K |
| Receivables | 117.11M | 125.93M | 118.59M | 109.19M | 80.86M | 56.19M |
| Inventory | 1.95M | 3.68M | 4.31M | 5.15M | 3.94M | |
| Prepaid Expenses | 23.55M | 14.21M | 13.23M | 14.84M | 19.25M | 12.49M |
| Restricted Cash | 260.55M | 307.59M | 8.50M | 8.50M | 7.80M | 7.80M |
| Other Current Assets | 13.71M | 2.88M | 2.17M | 9.00M | 6.23M | |
| Total Current Assets | 1.10B | 1.24B | 1.25B | 1.39B | 1.75B | 1.80B |
| Property, Plant & Equipment | 73.87M | 68.19M | 40.23M | 25.25M | 16.45M | 20.98M |
| Long-Term Investments | 8.38M | |||||
| Goodwill | 153.76M | 154.71M | 123.52M | 123.52M | ||
| Other Intangible Assets | 45.91M | 51.39M | 29.77M | 35.63M | ||
| Long-Term Accounts Receivable | 7.08M | 6.69M | 10.98M | 9.40M | 1.32M | 927.00K |
| Long-Term Deferred Tax Assets | 542.00K | 396.00K | 495.00K | 1.21M | ||
| Other Long-Term Assets | 9.50M | 8.21M | 9.00M | 6.70M | 4.59M | 1.36M |
| Total Assets | 1.39B | 1.53B | 1.46B | 1.59B | 1.77B | 1.83B |
| Accounts Payable | 1.16M | 1.85M | 527.00K | 1.42M | 3.80M | 2.69M |
| Accrued Expenses | 375.27M | 402.82M | 337.22M | 302.85M | 256.14M | 209.81M |
| Current Portion of Leases | 2.60M | 3.02M | 4.63M | 3.91M | 3.39M | 3.02M |
| Current Income Taxes Payable | 2.58M | 8.97M | 5.43M | 4.93M | ||
| Current Unearned Revenue | 9.40M | 11.76M | 13.59M | 11.83M | 17.05M | 19.06M |
| Other Current Liabilities | 271.29M | 320.64M | 9.58M | 11.65M | 2.49M | 3.39M |
| Total Current Liabilities | 662.30M | 749.06M | 370.99M | 336.58M | 282.88M | 237.97M |
| Long-Term Leases | 4.14M | 5.54M | 870.00K | 5.13M | 9.03M | 12.43M |
| Long-Term Unearned Revenue | 3.21M | 2.64M | 4.78M | 4.07M | 4.20M | 6.11M |
| Other Long-Term Liabilities | 7.01M | 5.84M | 1.55M | 520.00K | 1.27M | 450.00K |
| Total Liabilities | 676.67M | 763.08M | 378.19M | 346.30M | 297.39M | 256.95M |
| Common Stock | 10.00K | 43.00K | 50.00K | 52.00K | 53.00K | 54.00K |
| Additional Paid-In Capital | 1.51B | 1.57B | 1.88B | 2.07B | 2.08B | 1.99B |
| Retained Earnings | -796.43M | -811.83M | -797.91M | -825.20M | -602.23M | -417.45M |
| Comprehensive Income & Other | -608.00K | 1.51M | -314.00K | 762.00K | -7.24M | -2.23M |
| Total Common Equity | 715.56M | 761.96M | 1.09B | 1.24B | 1.47B | 1.57B |
| Shareholders' Equity | 715.56M | 761.96M | 1.09B | 1.24B | 1.47B | 1.57B |
| Total Liabilities & Equity | 1.39B | 1.53B | 1.46B | 1.59B | 1.77B | 1.83B |
| Total Debt | 6.75M | 8.56M | 5.50M | 9.03M | 12.43M | 15.45M |
| Net Cash (Debt) | 694.15M | 763.37M | 1.10B | 1.24B | 1.61B | 1.70B |
| Net Cash Per Share | 6.36 | 6.61 | 8.46 | 9.32 | 11.82 | 18.71 |
| Filing Date Shares Outstanding | 104.10M | 106.80M | 126.08M | 128.45M | 134.64M | 135.70M |
| Total Common Shares Outstanding | 104.10M | 108.06M | 126.07M | 130.09M | 135.34M | 135.35M |
| Working Capital | 439.81M | 486.26M | 878.31M | 1.05B | 1.46B | 1.56B |
| Book Value Per Share | 6.87 | 7.05 | 8.61 | 9.56 | 10.88 | 11.63 |
| Tangible Book Value | 515.88M | 555.86M | 931.72M | 1.08B | 1.47B | 1.57B |
| Tangible Book Value Per Share | 4.96 | 5.14 | 7.39 | 8.33 | 10.88 | 11.63 |
| Machinery | 10.32M | 12.12M | 11.94M | 11.48M | 11.66M | 11.04M |
| Leasehold Improvements | 5.83M | 9.67M | 8.11M | 8.11M | 8.11M | 8.11M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 10.38M | -13.93M | 27.29M | -222.96M | -184.78M | -163.93M |
| Depreciation & Amortization | 27.83M | 21.26M | 11.56M | 5.34M | 3.85M | 3.53M |
| Other Amortization | 5.90M | 5.90M | 5.90M | 5.40M | ||
| Loss (Gain) From Sale of Investments | -189.00K | -755.00K | -3.23M | -4.50M | -17.61M | 1.16M |
| Stock-Based Compensation | 94.18M | 104.79M | -8.05M | 180.74M | 160.74M | 142.66M |
| Other Operating Activities | 3.13M | 2.82M | 3.42M | 35.69M | 14.55M | 5.22M |
| Change in Accounts Receivable | -11.52M | -8.86M | -11.20M | -4.56M | -2.58M | -4.94M |
| Change in Accounts Payable | -3.68M | -81.00K | -350.00K | -1.96M | 254.00K | 190.00K |
| Change in Other Net Operating Assets | 73.87M | 51.47M | 32.84M | 27.90M | 12.61M | 73.07M |
| Operating Cash Flow | 199.90M | 162.62M | 58.17M | 21.10M | -12.97M | 56.97M |
| Capital Expenditures | -1.72M | -1.83M | -2.42M | -762.00K | -2.32M | -2.74M |
| Cash Acquisitions | -45.66M | -45.66M | -135.78M | |||
| Sale (Purchase) of Intangibles | -30.98M | -28.43M | -18.79M | -11.89M | -1.60M | |
| Investment in Securities | 79.36M | 117.38M | 92.00M | 187.04M | 32.64M | -326.38M |
| Other Investing Activities | 229.65M | 229.65M | -94.00K | |||
| Investing Cash Flow | 230.64M | 271.11M | 70.79M | 38.52M | 28.72M | -329.12M |
| Issuance of Common Stock | 2.10M | 3.76M | 2.92M | 8.36M | 14.01M | 1.33B |
| Repurchase of Common Stock | -247.78M | -428.34M | -189.83M | -217.08M | -93.50M | -23.55M |
| Other Financing Activities | 27.99M | 77.26M | -53.07M | -4.76M | ||
| Financing Cash Flow | -217.70M | -347.32M | -186.91M | -261.79M | -79.49M | 1.30B |
| Net Cash Flow | 212.84M | 86.42M | -57.96M | -202.17M | -63.73M | 1.03B |
| Free Cash Flow | 198.17M | 160.79M | 55.75M | 20.34M | -15.29M | 54.23M |
| Free Cash Flow Margin | 29.26% | 25.73% | 11.00% | 3.01% | -2.04% | 10.49% |
| Free Cash Flow Per Share | 1.81 | 1.39 | 0.43 | 0.15 | -0.11 | 0.60 |
| Levered Free Cash Flow | 152.72M | 138.96M | -1.28M | 40.26M | 38.67M | 112.73M |
| Unlevered Free Cash Flow | 158.10M | 138.96M | -1.28M | 40.26M | 38.67M | 112.73M |
| Cash Income Tax Paid | 595.00K | 595.00K | 396.00K | 430.00K | 84.00K | 201.00K |
| Change in Working Capital | 58.67M | 42.53M | 21.29M | 21.39M | 10.28M | 68.32M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.88B | 2.09B | 1.90B | 3.64B | 3.33B | 9.27B |
| Enterprise Value | 1.19B | 1.27B | 806.70M | 2.36B | 1.70B | 7.62B |
| Last Close Price | 18.10 | 19.00 | 15.16 | 27.92 | 24.44 | 68.68 |
| PE Ratio | 190.33 | 69.78 | ||||
| Forward PE | 52.18 | 194.05 | 194.05 | |||
| PS Ratio | 2.78 | 3.35 | 3.76 | 5.39 | 4.45 | 17.93 |
| PB Ratio | 2.63 | 2.74 | 1.75 | 2.93 | 2.26 | 5.89 |
| P/TBV Ratio | 3.65 | 3.76 | 2.04 | 3.36 | 2.26 | 5.89 |
| P/FCF Ratio | 9.51 | 13.00 | 34.15 | 179.06 | 171.02 | |
| P/OCF Ratio | 9.43 | 12.86 | 32.73 | 172.60 | 162.78 | |
| EV/Sales Ratio | 1.76 | 2.03 | 1.59 | 3.48 | 2.27 | 14.74 |
| EV/FCF Ratio | 6.01 | 7.89 | 14.47 | 115.78 | 140.54 | |
| Debt / Equity Ratio | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Debt / FCF Ratio | 0.03 | 0.05 | 0.10 | 0.44 | 0.28 | |
| Net Debt / Equity Ratio | -0.97 | -1.00 | -1.01 | -1.00 | -1.09 | -1.08 |
| Net Debt / EBITDA Ratio | -40.56 | 37.85 | 84.99 | 4.52 | 7.83 | 10.71 |
| Net Debt / FCF Ratio | -3.50 | -4.75 | -19.68 | -60.99 | 105.48 | -31.29 |
| Asset Turnover | 0.52 | 0.42 | 0.33 | 0.40 | 0.42 | 0.45 |
| Inventory Turnover | 66.71 | 38.86 | 73.30 | 94.22 | 120.94 | |
| Quick Ratio | 1.24 | 1.20 | 3.29 | 4.04 | 6.03 | 7.43 |
| Current Ratio | 1.66 | 1.65 | 3.37 | 4.13 | 6.17 | 7.56 |
| Return on Equity (ROE) | 1.33% | -1.51% | 2.34% | -16.42% | -12.13% | -17.59% |
| Return on Assets (ROA) | -0.51% | -1.73% | -1.00% | -10.41% | -7.28% | -8.85% |
| Return on Capital Employed (ROCE) | -1.50% | -5.30% | -2.20% | -22.30% | -14.10% | -10.20% |
| Earnings Yield | 0.53% | -0.67% | 1.43% | -6.12% | -5.55% | -1.77% |
| FCF Yield | 10.52% | 7.69% | 2.93% | 0.56% | -0.46% | 0.58% |
| Buyback Yield / Dilution | 11.45% | 10.92% | 2.57% | 2.36% | -50.35% | -195.09% |