Marqeta, Inc. financials
Source: EDGAR filings · Built 2026-06-02T03:34:56Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2021 |
|---|---|---|---|---|---|---|
| Free Cash Flow | 160.79M | 55.75M | 20.34M | -15.29M | 54.23M | 47.90M |
| EBITDA | -19.27M | -7.01M | -272.27M | -205.96M | -158.47M | -43.59M |
| Working Capital | 486.26M | 878.31M | 1.05B | 1.46B | 1.56B | 289.81M |
| Net Debt | -700.89M | -917.52M | -971.94M | -1.17B | -1.23B | -202.21M |
| Gross Margin | 69.98% | 69.40% | 48.73% | 42.77% | 44.80% | 40.62% |
| Operating Margin | -7.43% | -4.83% | -41.86% | -28.04% | -31.33% | -16.22% |
| Net Margin | -2.23% | 5.38% | -32.97% | -24.70% | -31.70% | -16.43% |
| Return on Equity (ROE) | -1.83% | 2.51% | -17.93% | -12.54% | -10.42% | 22.32% |
| Return on Assets (ROA) | -0.91% | 1.86% | -14.03% | -10.44% | -8.96% | -10.42% |
| Current Ratio | 1.65× | 3.37× | 4.13× | 6.17× | 7.56× | 3.05× |
| Debt-to-Equity | 0.01× | 0.01× | 0.01× | 0.01× | 0.01× | -0.09× |
| Effective Tax Rate | -4.47% | 2.82% | 3.30% | 0.06% | 0.39% | -0.18% |
| Cash Conversion Ratio | -11.68× | 2.13× | -0.09× | 0.07× | -0.35× | -1.05× |
| Accruals Ratio | -0.12× | -0.02× | -0.15× | -0.10× | -0.12× | -0.21× |
| SBC % of Revenue | 16.77% | 26.94% | 18.86% | 14.37% | 27.58% | 9.72% |
| CapEx Coverage | 88.62× | 24.06× | 27.70× | -5.59× | 20.77× | 21.17× |
| Free Cash Flow Per Share | $0.35 | $0.11 | $0.04 | $-0.03 | $0.15 | $0.39 |
Valuation Metrics
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2021 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 624.88M | 507.00M | 676.17M | 748.21M | 517.17M | 290.29M |
| Cost of Revenue | 187.61M | 155.15M | 346.66M | 428.20M | 285.47M | 172.38M |
| Gross Profit | 437.27M | 351.85M | 329.51M | 320.00M | 231.71M | 117.91M |
| Operating Expenses | 483.70M | 376.31M | 612.53M | 529.81M | 393.71M | 164.99M |
| Operating Income (Loss) | -46.43M | -24.47M | -283.01M | -209.81M | -162.01M | -47.09M |
| Income Tax Expense (Benefit) | 596.00K | 793.00K | -7.61M | -102.00K | -640.00K | 87.00K |
| Net Income (Loss) Attributable to Parent | -13.93M | 27.29M | -222.96M | -184.78M | -163.93M | -47.70M |
| Weighted Average Number of Shares Outstanding, Basic | 462.17M | 511.06M | 532.54M | 545.40M | 362.76M | 122.93M |
| Weighted Average Number of Shares Outstanding, Diluted | 462.17M | 518.85M | 532.54M | 545.40M | 362.76M | 122.93M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2021 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 709.44M | 923.02M | 980.97M | 1.18B | 1.25B | 220.43M |
| Assets, Current | 1.24B | 1.25B | 1.39B | 1.75B | 1.80B | 430.91M |
| Assets | 1.53B | 1.46B | 1.59B | 1.77B | 1.83B | 457.68M |
| Liabilities, Current | 749.06M | 370.99M | 336.58M | 282.88M | 237.97M | 141.10M |
| Liabilities | 763.08M | 378.19M | 346.30M | 297.39M | 256.95M | 169.52M |
| Stockholders' Equity Attributable to Parent | 761.96M | 1.09B | 1.24B | 1.47B | 1.57B | -213.72M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2021 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 162.62M | 58.17M | 21.10M | -12.97M | 56.97M | 50.27M |
| Payments to Acquire Property, Plant, and Equipment | 1.83M | 2.42M | 762.00K | 2.32M | 2.74M | 2.38M |
| Net Cash Provided by (Used in) Investing Activities | 271.11M | 70.79M | 38.52M | 28.72M | -329.12M | -57.56M |
| Payments for Repurchase of Common Stock | 391.37M | 154.43M | 190.42M | 78.14M | 0 | 0 |
| Net Cash Provided by (Used in) Financing Activities | -347.32M | -186.91M | -261.79M | -79.49M | 1.30B | 167.38M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -4.65M | 53.48M | 107.31M | 20.93M | 8.72M | 24.72M |
| EBITDA | 10.95M | -134.00K | -3.35M | -2.58M | -13.21M | -31.91M |
| Working Capital | 467.28M | 486.26M | 563.24M | 628.94M | 777.68M | 878.31M |
| Net Debt | -667.42M | -700.89M | -739.34M | -725.99M | -826.50M | -917.52M |
| Gross Margin | 70.92% | 69.71% | 70.15% | 69.19% | 70.95% | 72.32% |
| Operating Margin | 1.26% | -4.82% | -6.35% | -6.14% | -13.33% | -27.56% |
| Net Margin | 4.72% | -0.81% | -2.22% | -0.43% | -5.94% | -19.97% |
| Return on Equity (ROE) | 1.06% | -0.18% | -0.43% | -0.08% | -0.84% | -2.50% |
| Return on Assets (ROA) | 0.53% | -0.09% | -0.24% | -0.05% | -0.61% | -1.85% |
| Current Ratio | 1.65× | 1.65× | 1.88× | 2.74× | 3.18× | 3.37× |
| Debt-to-Equity | 0.01× | 0.01× | 0.01× | 0.01× | 0.00× | 0.01× |
| Effective Tax Rate | 2.40% | 19.75% | -15.93% | -46.71% | -2.93% | -1.47% |
| Cash Conversion Ratio | -0.43× | -38.25× | -30.16× | -34.83× | -1.21× | -0.91× |
| Accruals Ratio | 0.01× | -0.04× | -0.08× | -0.02× | -0.01× | -0.04× |
| SBC % of Revenue | 12.07% | 15.16% | 48.19% | 35.23% | 18.63% | 24.53% |
| CapEx Coverage | -2.63× | -339.63× | 54.87× | 14.07× | 7.89× | 687.64× |
| Free Cash Flow Per Share | $-0.01 | $0.12 | $0.24 | $0.05 | $0.02 | $0.05 |
Valuation Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| EV / EBITDA | 225.36× | — | — | — | 47.45× | — |
| P/S | 2.71× | 3.51× | 4.03× | 4.86× | 3.91× | 3.88× |
| P/B | 2.38× | 2.88× | 2.82× | 3.19× | 2.09× | 1.81× |
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 165.80M | 172.11M | 163.31M | 150.39M | 139.07M | 135.79M |
| Cost of Revenue | 48.21M | 52.14M | 48.75M | 46.33M | 40.39M | 37.59M |
| Gross Profit | 117.59M | 119.97M | 114.56M | 104.06M | 98.68M | 98.20M |
| Operating Expenses | 115.50M | 128.27M | 124.93M | 113.29M | 117.22M | 135.63M |
| Operating Income (Loss) | 2.09M | -8.29M | -10.37M | -9.23M | -18.54M | -37.42M |
| Income Tax Expense (Benefit) | 193.00K | -343.00K | 498.00K | 206.00K | 235.00K | 394.00K |
| Net Income (Loss) Attributable to Parent | 7.83M | -1.39M | -3.62M | -647.00K | -8.26M | -27.12M |
| Weighted Average Number of Shares Outstanding, Basic | 428.60M | 462.17M | 448.72M | 461.52M | 501.22M | 511.06M |
| Weighted Average Number of Shares Outstanding, Diluted | 433.57M | 462.17M | 448.72M | 461.52M | 501.22M | 518.85M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 674.79M | 709.44M | 747.25M | 732.72M | 830.90M | 923.02M |
| Assets, Current | 1.19B | 1.24B | 1.20B | 990.23M | 1.13B | 1.25B |
| Assets | 1.48B | 1.53B | 1.49B | 1.21B | 1.35B | 1.46B |
| Liabilities, Current | 721.14M | 749.06M | 636.77M | 361.30M | 356.97M | 370.99M |
| Liabilities | 734.43M | 763.08M | 649.20M | 371.16M | 362.37M | 378.19M |
| Stockholders' Equity Attributable to Parent | 742.28M | 761.96M | 839.23M | 843.43M | 987.26M | 1.09B |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -3.37M | 53.32M | 109.30M | 22.53M | 9.99M | 24.75M |
| Payments to Acquire Property, Plant, and Equipment | 1.28M | -157.00K | 1.99M | 1.60M | 1.27M | 36.00K |
| Net Cash Provided by (Used in) Investing Activities | 16.06M | 12.87M | 258.24M | 75.72M | 14.86M | 33.75M |
| Payments for Repurchase of Common Stock | 39.21M | 96.58M | 294.79M | 275.23M | 111.31M | 16.71M |
| Net Cash Provided by (Used in) Financing Activities | -74.54M | -30.93M | -316.39M | -288.55M | -116.97M | -21.90M |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (MQ CIK 0001522540),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
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statement than on the actual 10-K / 10-Q; custom concepts and
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For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.