Marqeta, Inc. (MQ)
Marqeta, Inc. engages in the creation of digital payment technology. The firm develops a modern card issuing platform, providing infrastructure and tools for building configurable payment cards. It provides its customers issuer processor services and also acts as a card program manager. The company was founded by Jason M. Gardner in 2010 and is headquartered in Oakland, CA.
Sector: Services-Prepackaged Software
Industry: Software - Infrastructure
Marqeta, Inc.
NASDAQ:MQTechnology · Software - Infrastructure
+0.81%$18.59
CLOSED · Nov 6Prev close$18.44+0.81%Close$18.590.00%AH close$18.59
AH$18.59+0.00%vs close
Mkt Cap$1.93B
Float86.05M
O/S103.81M
VOL648K sh
$ Vol$12M
RVOL0.79×
Inst Own69.8%
Dilution
Financials Summary
Revenue$624.88M
Net Income-$13.93M
Total Assets$1.53B
Free Cash Flow$160.79M
Debt & Equity
Debt 3%
Equity 97%
Total Debt$21.81M
Total Equity$761.96M
Shares Outstanding
Short Interest
Split History1 split · 1 reverse
2-year cumulative
1:4
Nasdaq bars a compliance period at 1:250
- 1:4Reverse splitJul 1, 20264 shares → 1
Balance Sheet Details
Assets$1.53B
Liabilities$763.08M
Accounts Receivable$125.93M
Accounts Payable$226.37M
Inventory$1.95M
PP&E (Net)$68.19M
Goodwill$154.71M
Intangible Assets$51.39M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Revenue | $624.88M | $507M | $676.17M | $748.21M | $517.17M | $290.29M | $143.27M |
| YoY Growth | 23.3% | -25.0% | -9.6% | 44.7% | 78.2% | 102.6% | - |
| Cost of Revenue | $187.61M | $155.15M | $346.66M | $428.2M | $285.47M | $172.38M | $82.81M |
| Gross Profit | $437.27M | $351.85M | $329.51M | $320M | $231.71M | $117.91M | $60.45M |
| Gross Margin | 70.0% | 69.4% | 48.7% | 42.8% | 44.8% | 40.6% | 42.2% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $371.14M | $282.02M | $528.2M | $447.08M | $343.02M | $143M | $101.32M |
| Other | $112.56M | $94.3M | $84.33M | $82.73M | $50.69M | $22M | $17.99M |
| Total Operating Expenses | $483.7M | $376.31M | $612.53M | $529.81M | $393.71M | $164.99M | $119.32M |
| Operating Income (EBIT) | -$46.43M | -$24.47M | -$283.01M | -$209.81M | -$162.01M | -$47.09M | -$58.86M |
| Operating Margin | -7.4% | -4.8% | -41.9% | -28.0% | -31.3% | -16.2% | -41.1% |
| Interest Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | $33.1M | $52.55M | $52.44M | $24.93M | -$2.56M | -$521K | $698K |
| Income Before Tax (EBT) | -$13.33M | $28.08M | -$230.57M | -$184.88M | -$164.57M | -$47.61M | -$58.16M |
| Income Tax Expense | $596K | $793K | -$7.61M | -$102K | -$640K | $87K | $35K |
| Net Income | -$13.93M | $27.29M | -$222.96M | -$184.78M | -$163.93M | -$47.7M | -$58.2M |
| Net Income Margin | -2.2% | 5.4% | -33.0% | -24.7% | -31.7% | -16.4% | -40.6% |
| Supplementary Data | |||||||
| EPS | -0.12 | 0.21 | -1.68 | -1.36 | -1.20 | -0.36 | -0.44 |
| Diluted EPS | -0.12 | 0.21 | -1.68 | -1.36 | -1.20 | -0.36 | -0.44 |
| Weighted Average OS | 115.54M | 127.77M | 133.14M | 136.35M | 135.35M | 134.27M | 134.27M |
| EBITDA | $13.83M | $45.54M | -$219.83M | -$181.03M | -$161.03M | -$43.59M | -$55.78M |
| EBITDA Margin | 2.2% | 9.0% | -32.5% | -24.2% | -31.1% | -15.0% | -38.9% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Assets | |||||||
| Current Assets | |||||||
| Cash and Cash Equivalents | $981.82M | $923.02M | $980.97M | $1.18B | $1.25B | $220.43M | $60.34M |
| Short-Term Investments | $97.7M | $179.41M | $268.72M | $440.86M | $464.49M | $149.9M | $95.22M |
| Cash and Short-Term Investments | $1.08B | $1.1B | $1.25B | $1.62B | $1.71B | $370.34M | $155.57M |
| Accounts Receivable | $125.93M | $118.59M | $109.19M | $80.86M | $56.19M | $41.43M | $26.46M |
| Inventory | $1.95M | $3.68M | $4.31M | $5.15M | $3.94M | $781K | $0 |
| Other Current Assets | $13.71M | $11.33M | $10.54M | $14.67M | $11.86M | $10.03M | $9.15M |
| Total Current Assets | $1.24B | $1.25B | $1.39B | $1.75B | $1.8B | $430.91M | $197.21M |
| Long-Term Assets | |||||||
| Property, Plant & Equipment Net | $68.19M | $40.23M | $25.25M | $16.45M | $20.98M | $22.89M | $25.77M |
| Goodwill | $154.71M | $123.52M | $123.52M | $0 | $0 | $0 | $0 |
| Intangible Assets | $51.39M | $29.77M | $35.63M | $0 | $0 | $0 | $0 |
| Long-Term Investments | $7.58M | $0 | $0 | $0 | $8.38M | $0 | $0 |
| Deferred Tax Assets | $542K | $396K | $495K | $1.21M | $0 | $0 | $0 |
| Other Long-Term Assets | $7.31M | $19.98M | $16.09M | $5.92M | $2.29M | $3.89M | $218K |
| Total Long-Term Assets | $289.72M | $213.91M | $200.99M | $23.58M | $31.65M | $26.77M | $25.99M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $1.53B | $1.46B | $1.59B | $1.77B | $1.83B | $457.68M | $223.19M |
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts Payable | $226.37M | $193.93M | $175.06M | $145.99M | $123.87M | $80.55M | $32.64M |
| Short-Term Debt | $10.74M | $7.72M | $7.89M | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $5.43M | $4.93M | $4.98M | $3.24M | $0 | $0 |
| Current Unearned Revenue | $11.76M | $13.59M | $11.83M | $17.05M | $19.06M | $3.98M | $684K |
| Other Current Liabilities | $443.51M | $47.62M | $45.85M | $43.76M | $36.34M | $23.61M | $11.39M |
| Total Current Liabilities | $749.06M | $370.99M | $336.58M | $282.88M | $237.97M | $141.1M | $64.31M |
| Long-Term Liabilities | |||||||
| Long-Term Debt | $5.54M | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $2.64M | $4.78M | $4.07M | $4.2M | $6.11M | $8.87M | $2.92M |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $309K | $1.55M | $520K | $1.27M | $450K | $4.1M | $947K |
| Total Long-Term Liabilities | $14.02M | $7.2M | $9.72M | $14.51M | $18.98M | $28.42M | $21.54M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $763.08M | $378.19M | $346.3M | $297.39M | $256.95M | $169.52M | $85.85M |
| Stockholders' Equity | |||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $501.88M | $335.75M |
| Common Stock | $43K | $50K | $52K | $53K | $54K | $13K | $12K |
| Retained Earnings | -$811.83M | -$797.91M | -$825.2M | -$602.23M | -$417.45M | -$253.52M | -$205.83M |
| Comprehensive Income & Other | $1.51M | -$314K | $762K | -$7.24M | -$2.23M | $25K | $46K |
| Other Stockholders' Equity | $1.57B | $1.88B | $2.07B | $2.08B | $1.99B | $541.67M | $343.16M |
| Total Equity | $761.96M | $1.09B | $1.24B | $1.47B | $1.57B | $288.16M | $137.34M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $1.53B | $1.46B | $1.59B | $1.77B | $1.83B | $457.68M | $223.19M |
| Supplementary Data | |||||||
| Total Debt | $21.81M | $13.22M | $16.93M | $12.43M | $15.45M | $18.22M | $19.73M |
| Net Debt | -$960.01M | -$909.8M | -$964.05M | -$1.17B | -$1.23B | -$202.21M | -$40.61M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Operating Activities | |||||||
| Net Income | -$13.93M | $27.29M | -$222.96M | -$184.78M | -$163.93M | -$47.7M | -$58.2M |
| Depreciation & Amortization | $27.16M | $17.46M | $10.74M | $3.85M | $3.53M | $3.5M | $3.08M |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $104.79M | -$8.05M | $180.74M | $107.53M | $142.66M | $28.21M | $21.76M |
| Changes in Working Capital: | |||||||
| Accounts Receivable | -$4.98M | -$11.2M | -$27.6M | -$21.6M | -$13.72M | -$16.85M | -$15.06M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $31.05M | -$350K | $29.5M | $254K | $190K | -$839K | $1.61M |
| Other Working Capital | $16.46M | $32.84M | $19.49M | $31.63M | $81.85M | $79.44M | $29.02M |
| Total Working Capital Change | $42.53M | $21.29M | $21.39M | $10.28M | $68.32M | $61.76M | $15.58M |
| Other Non-Cash Items | $2.07M | $193K | $31.2M | $50.15M | $6.39M | $4.5M | $2.36M |
| Net Cash from Operating | $162.62M | $58.17M | $21.1M | -$12.97M | $56.97M | $50.27M | -$15.43M |
| Investing Activities | |||||||
| Capital Expenditures | -$1.83M | -$2.42M | -$762K | -$2.32M | -$2.74M | -$2.38M | -$4.91M |
| Acquisitions | -$45.66M | $0 | -$135.78M | $25.73M | -$20M | $0 | -$750K |
| Purchases of Investments | -$3.5M | $0 | -$892.52M | -$70.5M | -$455.27M | -$216.2M | -$528.3M |
| Sales of Investments | $120.89M | $92M | $1.08B | $77.4M | $148.89M | $161.01M | $433.64M |
| Other Investing Activities | $201.22M | -$18.79M | -$11.89M | -$1.6M | $0 | $0 | $0 |
| Net Cash from Investing | $271.11M | $70.79M | $38.52M | $28.72M | -$329.12M | -$57.56M | -$100.32M |
| Financing Activities | |||||||
| Debt Repaid | - | - | - | - | - | - | $5M |
| Common Stock Issuance | $3.76M | $0 | $0 | $0 | $1.32B | $0 | $0 |
| Common Stock Repurchases | -$391.37M | -$154.43M | -$190.42M | -$78.14M | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $40.28M | -$32.49M | -$71.37M | -$1.35M | -$20.51M | $436K | $1.06M |
| Net Cash from Financing | -$347.32M | -$186.91M | -$261.79M | -$79.49M | $1.3B | $167.38M | $139.05M |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $86.42M | -$57.96M | -$202.17M | -$63.73M | $1.03B | $160.09M | $23.3M |
| Supplementary Data | |||||||
| Operating Cash Flow | $162.62M | $58.17M | $21.1M | -$12.97M | $56.97M | $50.27M | -$15.43M |
| Capital Expenditure | -$1.83M | -$2.42M | -$12.65M | -$3.92M | -$2.74M | -$2.38M | -$4.91M |
| Free Cash Flow | $160.79M | $55.75M | $8.45M | -$16.89M | $54.23M | $47.9M | -$20.34M |
| Cash at Beginning | $931.52M | $989.47M | $1.19B | $1.26B | $228.23M | $68.14M | $44.84M |
| Cash at End | $1.02B | $931.52M | $989.47M | $1.19B | $1.26B | $228.23M | $68.14M |