Marqeta, Inc.

NASDAQ•MQ

CEO: Mr. Simon Khalaf

Sector: Technology

Industry: Software - Infrastructure

Listing Date: 2021-06-09

Marqeta, Inc. operates a cloud-based open application programming interface platform that delivers card issuing and transaction processing services. It offers its solutions in various verticals, including financial services, on-demand services, expense management, and e-commerce enablement, as well as buy now, pay later. Marqeta, Inc. was incorporated in 2010 and is headquartered in Oakland, California.

Contact Information

180 Grand Avenue, 6th Floor, Oakland, CA, 94612, United States

888-462-7738

www.marqeta.com

Market Cap

$1.76B

P/E (TTM)

-132.4

47.2

Dividend Yield

52W High

$7.04

52W Low

$3.48

52W Range

14%

Rank49Top 66.7%

3.2

F-Score

Modified Piotroski Analysis

Based on 6-year fundamentals

Weak • 3.2 / 9 points

Scoring Range (0-9)

8-9: Excellent Value

6-7: Strong Fundamentals

4-5: Average Quality

0-3: Weak Performance

Data Period: 2020-2025

Financial Dashboard

Q4 2025 Data

Revenue

$172.11M+0.00%

4-Quarter Trend

EPS

-$0.00+0.00%

4-Quarter Trend

FCF

$33.82M+0.00%

4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

TPV Growth Strong TPV reached $382.5 B, reflecting 31% growth, indicating strong market adoption across major use cases.

Net Revenue Increased 23% Net revenue hit $624.9 M in 2025, growing 23% driven primarily by platform services revenue growth.

Gross Margin Improved Gross margin reached 70% in 2025, up from 69% in 2024, as net revenue growth outpaced cost increases.

Adjusted EBITDA Jumped Adjusted EBITDA reached $109.6 M in 2025, a substantial increase from $29.1 M last year.

Risk Factors

Block Revenue Concentration Block accounted for 45% of 2025 net revenue; loss of this relationship severely impacts financial results.

History of Net Losses Company has history of net losses; sustaining profitability remains uncertain despite recent revenue growth.

Bank/Network Reliance Business depends heavily on maintaining relationships with Issuing Banks and Card Networks for operations.

Litigation Settlement Costs Securities Actions settlement reached in principle for $13.0 M, subject to documentation and judicial approvals.

Outlook

Platform Expansion Focus Strategy centers on acquiring customers, expanding offerings, and scaling global operations effectively for future growth.

European Capabilities Bolstered Bolstered European capabilities via TransactPay acquisition completed July 2025, strengthening UK/EEA presence.

Capital Allocation Priorities Intend to use cash for product development, infrastructure investment, and ongoing share repurchase programs.

R&D Investment Continues Continue investing significant resources in R&D to enhance platform capabilities and support future offerings.

Peer Comparison

Revenue (TTM)

TDC

$1.66B

-5.0%

SONO

$1.44B

-1.2%

$1.32B

+21.6%

Gross Margin (Latest Quarter)

NTCT

81.6%

+2.1pp

EVCM

77.5%

+10.9pp

PAYO

77.3%

-0.4pp

Key Metrics

Symbol	Market Cap	P/E (TTM)	ROE (TTM)	Debt to Assets
KC	$4.02B	-30.6	-13.4%	24.2%
TDC	$2.36B	18.1	66.4%	31.5%
NTCT	$2.30B	23.8	6.1%	3.2%

Long-Term Trends

Last 4 Quarters

Revenue

Net Income

Operating Cash Flow

4Q Revenue CAGR

7.4%

Steady Growth

4Q Net Income CAGR

N/M

Profitability Shift

Cash Flow Stability

100%

Strong Cash Flow

Deep Research

Next earnings:May 5, 2026

EPS:-

Revenue:-

Financials

Earnings Calls

Reports

News

Income Statement

Balance Sheet

Cash Flow Statement

Ratios

% Chg.

Income Statement	LTM

No Data