Marqeta (MQ) Financials

$5.21 -0.01 (-0.19%)

Closing price 05/21/2025 04:00 PM Eastern

Extended Trading

$5.24 +0.03 (+0.48%)

As of 05:03 AM Eastern

Annual Income Statements for Marqeta

This table shows Marqeta's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Income / (Loss) Attributable to Common Shareholders	27	-223	-185
Consolidated Net Income / (Loss)	27	-223	-185
Net Income / (Loss) Continuing Operations	27	-223	-185
Total Pre-Tax Income	28	-231	-185
Total Operating Income	-24	-283	-210
Total Gross Profit	352	330	320
Total Revenue	507	676	748
Operating Revenue	507	676	748
Total Cost of Revenue	155	347	428
Operating Cost of Revenue	155	347	428
Total Operating Expenses	376	613	530
Selling, General & Admin Expense	97	95	102
Marketing Expense	2.99	2.57	4.00
Depreciation Expense	17	11	3.85
Other Operating Expenses / (Income)	259	504	420
Total Other Income / (Expense), net	53	52	25
Other Income / (Expense), net	53	52	25
Income Tax Expense	0.79	-7.61	-0.10
Weighted Average Basic Shares Outstanding	511.07M	532.54M	545.40M
Weighted Average Diluted Shares Outstanding	518.85M	532.54M	545.40M
Weighted Average Basic & Diluted Shares Outstanding	504.32M	513.81M	538.58M

This table shows Marqeta's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	-8.26	-27	-29	119	-36	-40	-55	-59	-69	-26	-53
Consolidated Net Income / (Loss)	-8.26	-27	-29	119	-36	-40	-55	-59	-69	-26	-53
Net Income / (Loss) Continuing Operations	-8.26	-27	-29	119	-36	-40	-55	-59	-69	-26	-53
Total Pre-Tax Income	-8.03	-27	-29	119	-36	-41	-55	-59	-76	-26	-53
Total Operating Income	-19	-37	-42	105	-50	-56	-70	-69	-87	-54	-59
Total Gross Profit	99	98	90	79	84	83	73	85	89	87	80
Total Revenue	139	136	128	125	118	119	109	231	217	204	192
Operating Revenue	139	136	128	125	118	119	109	231	217	204	192
Total Cost of Revenue	40	-66	38	149	34	-78	36	260	128	117	112
Operating Cost of Revenue	40	-66	38	149	34	-78	36	260	128	117	112
Total Operating Expenses	117	239	132	-129	134	253	142	41	177	141	140
Selling, General & Admin Expense	24	28	25	23	21	25	22	23	25	26	31
Marketing Expense	0.47	1.30	0.58	0.73	0.38	1.22	0.35	0.56	0.44	1.86	0.69
Depreciation Expense	5.33	5.52	4.45	3.96	3.54	3.16	3.11	2.49	1.98	1.02	0.93
Other Operating Expenses / (Income)	87	204	102	-157	109	224	117	14	149	112	107
Total Other Income / (Expense), net	11	11	14	14	14	15	15	11	12	28	6.33
Other Income / (Expense), net	11	11	14	14	14	15	15	11	12	28	6.33
Income Tax Expense	0.24	0.39	0.12	0.15	0.13	-1.03	0.24	0.14	-6.96	0.48	0.00
Weighted Average Basic Shares Outstanding	501.22M	511.07M	507.16M	515.96M	517.99M	532.54M	529.49M	538.27M	539.74M	545.40M	548.99M
Weighted Average Diluted Shares Outstanding	501.22M	518.85M	507.16M	524.40M	517.99M	532.54M	529.49M	538.27M	539.74M	545.40M	548.99M
Weighted Average Basic & Diluted Shares Outstanding	468.27M	504.32M	502.39M	508.37M	518.11M	513.81M	521.85M	530.60M	540.63M	538.58M	545.10M

This table details how cash moves in and out of Marqeta's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Change in Cash & Equivalents	-58	-202	-64
Net Cash From Operating Activities	58	21	-13
Net Cash From Continuing Operating Activities	58	21	-13
Net Income / (Loss) Continuing Operations	27	-223	-185
Consolidated Net Income / (Loss)	27	-223	-185
Depreciation Expense	17	11	3.85
Amortization Expense	-3.23	-4.50	0.28
Non-Cash Adjustments To Reconcile Net Income	29	236	172
Changes in Operating Assets and Liabilities, net	-12	1.83	-3.97
Net Cash From Investing Activities	71	39	29
Net Cash From Continuing Investing Activities	71	39	29
Purchase of Property, Plant & Equipment	-21	-13	-2.32
Acquisitions	0.00	-136	-1.60
Purchase of Investments	0.00	-892	-70
Divestitures	0.00	0.00	26
Sale and/or Maturity of Investments	92	1,079	77
Other Investing Activities, net	0.00	-0.09	0.00
Net Cash From Financing Activities	-187	-262	-79
Net Cash From Continuing Financing Activities	-187	-262	-79
Repurchase of Common Equity	-154	-190	-78
Issuance of Common Equity	2.72	3.07	4.76
Other Financing Activities, net	-35	-74	-6.11
Cash Interest Paid	0.00	0.00	0.00
Cash Income Taxes Paid	0.40	0.43	0.08

This table details how cash moves in and out of Marqeta's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-92	37	-38	-46	-11	34	-3.98	-99	-133	-21	-15
Net Cash From Operating Activities	9.99	25	7.28	26	0.43	17	41	-26	-11	15	-3.95
Net Cash From Continuing Operating Activities	9.99	25	7.28	26	0.43	17	41	-26	-11	15	-3.95
Net Income / (Loss) Continuing Operations	-8.26	-27	-29	119	-36	-40	-55	-59	-69	-26	-53
Consolidated Net Income / (Loss)	-8.26	-27	-29	119	-36	-40	-55	-59	-69	-26	-53
Depreciation Expense	5.33	5.52	4.45	3.96	3.54	3.16	3.11	2.49	1.98	1.02	0.93
Amortization Expense	-0.40	-0.58	-0.83	-0.85	-0.98	1.03	-3.21	-1.34	-0.98	-0.17	0.11
Non-Cash Adjustments To Reconcile Net Income	45	57	43	-127	55	62	58	25	91	46	43
Changes in Operating Assets and Liabilities, net	-31	-10	-11	30	-21	-9.39	38	6.86	-33	-6.00	4.88
Net Cash From Investing Activities	15	34	9.71	-6.17	34	82	79	-24	-98	28	1.91
Net Cash From Continuing Investing Activities	15	34	9.71	-6.17	34	82	79	-24	-98	28	1.91
Purchase of Property, Plant & Equipment	-7.33	-4.25	-4.30	-6.17	-6.50	-2.44	-3.15	-3.45	-3.61	-0.62	-0.83
Sale and/or Maturity of Investments	22	38	14	-	40	4.52	779	188	108	53	12
Net Cash From Financing Activities	-117	-22	-55	-65	-45	-65	-124	-49	-25	-64	-13
Net Cash From Continuing Financing Activities	-117	-22	-55	-65	-45	-65	-124	-49	-25	-64	-13
Repurchase of Common Equity	-111	-17	-47	-57	-34	-59	-64	-45	-22	-65	-13
Other Financing Activities, net	-5.66	-6.28	-8.74	-9.31	-11	-6.90	-60	-5.04	-2.73	-0.27	-0.67

This table presents Marqeta's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Total Assets	1,463	1,590	1,770
Total Current Assets	1,249	1,389	1,747
Cash & Equivalents	923	981	1,184
Restricted Cash	8.50	8.50	7.80
Short-Term Investments	179	269	441
Accounts Receivable	97	73	58
Prepaid Expenses	25	27	38
Other Current Assets	16	30	18
Plant, Property, & Equipment, net	38	19	7.44
Total Noncurrent Assets	176	182	16
Goodwill	124	124	0.00
Intangible Assets	30	36	0.00
Other Noncurrent Operating Assets	23	23	16
Total Liabilities & Shareholders' Equity	1,463	1,590	1,770
Total Liabilities	378	346	297
Total Current Liabilities	371	337	283
Accounts Payable	0.53	1.42	3.80
Accrued Expenses	370	335	279
Total Noncurrent Liabilities	7.20	9.72	15
Other Noncurrent Operating Liabilities	7.20	9.72	15
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,085	1,243	1,473
Total Preferred & Common Equity	1,085	1,243	1,473
Preferred Stock	0.00	0.00	0.00
Total Common Equity	1,085	1,243	1,473
Common Stock	1,883	2,068	2,082
Retained Earnings	-798	-825	-602
Accumulated Other Comprehensive Income / (Loss)	-0.31	0.76	-7.24

This table presents Marqeta's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	1,350	1,436	1,488	1,558	1,603	1,704	1,774	1,774
Total Current Assets	1,135	1,221	1,273	1,348	1,407	1,514	1,585	1,743
Cash & Equivalents	831	886	925	970	948	950	1,050	1,205
Restricted Cash	8.50	8.50	8.50	8.50	7.80	9.38	7.80	7.80
Short-Term Investments	158	218	229	228	349	432	409	441
Accounts Receivable	93	73	60	78	50	82	73	40
Prepaid Expenses	30	24	23	27	33	29	34	39
Other Current Assets	14	12	28	37	20	11	11	10
Plant, Property, & Equipment, net	43	36	33	28	17	14	11	8.03
Total Noncurrent Assets	172	179	182	182	179	176	179	23
Goodwill	124	124	124	124	123	123	123	-
Intangible Assets	28	31	33	34	-	-	-	-
Other Noncurrent Operating Assets	21	24	26	24	56	53	55	16
Total Liabilities & Shareholders' Equity	1,350	1,436	1,488	1,558	1,603	1,704	1,774	1,774
Total Liabilities	362	340	346	348	308	332	341	262
Total Current Liabilities	357	334	338	339	297	318	326	250
Accounts Payable	1.55	1.03	3.69	0.92	1.71	2.82	2.98	2.74
Accrued Expenses	355	333	334	338	295	316	323	247
Total Noncurrent Liabilities	5.39	6.61	8.06	9.11	11	13	14	12
Other Noncurrent Operating Liabilities	5.39	6.61	8.06	9.11	11	13	14	12
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	987	1,096	1,142	1,211	1,295	1,373	1,434	1,512
Total Preferred & Common Equity	987	1,096	1,142	1,211	1,295	1,373	1,434	1,512
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	987	1,096	1,142	1,211	1,295	1,373	1,434	1,512
Common Stock	1,794	1,866	1,886	2,073	2,082	2,104	2,108	2,099
Retained Earnings	-806	-771	-742	-861	-785	-730	-671	-576
Accumulated Other Comprehensive Income / (Loss)	-0.28	0.83	-1.27	-0.82	-1.84	-1.48	-3.18	-11

This table displays calculated financial ratios and metrics derived from Marqeta's official financial filings.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Growth Metrics	-	-	-
Revenue Growth	-25.02%	-9.63%	44.67%
EBITDA Growth	118.86%	-24.11%	-13.06%
EBIT Growth	112.18%	-24.71%	-12.34%
NOPAT Growth	88.00%	-34.89%	-29.51%
Net Income Growth	112.24%	-20.66%	-12.72%
EPS Growth	0.00%	0.00%	0.00%
Operating Cash Flow Growth	175.64%	262.76%	-122.76%
Free Cash Flow Firm Growth	96.30%	-162.66%	-116.97%
Invested Capital Growth	-75.04%	90.72%	-11.41%
Revenue Q/Q Growth	3.46%	-11.17%	6.91%
EBITDA Q/Q Growth	57.39%	-5.75%	5.95%
EBIT Q/Q Growth	109.54%	-7.23%	5.97%
NOPAT Q/Q Growth	47.65%	-0.72%	-8.59%
Net Income Q/Q Growth	94.48%	-6.72%	5.37%
EPS Q/Q Growth	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	16.49%	8.17%	-146.77%
Free Cash Flow Firm Q/Q Growth	67.05%	-2.00%	0.00%
Invested Capital Q/Q Growth	-53.95%	-50.10%	-6.87%
Profitability Metrics	-	-	-
Gross Margin	69.40%	48.73%	42.77%
EBITDA Margin	8.34%	-33.18%	-24.16%
Operating Margin	-4.83%	-41.86%	-28.04%
EBIT Margin	5.54%	-34.10%	-24.71%
Profit (Net Income) Margin	5.38%	-32.97%	-24.70%
Tax Burden Percent	97.18%	96.70%	99.94%
Interest Burden Percent	100.00%	100.00%	100.00%
Effective Tax Rate	2.82%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%
Return on Equity (ROE)	2.34%	-16.42%	-12.13%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	1.84%	-13.72%	-10.27%
Return on Assets (ROA)	1.79%	-13.27%	-10.26%
Return on Common Equity (ROCE)	2.34%	-16.42%	-12.13%
Return on Equity Simple (ROE_SIMPLE)	2.51%	-17.93%	-12.54%
Net Operating Profit after Tax (NOPAT)	-24	-198	-147
NOPAT Margin	-4.69%	-29.30%	-19.63%
Net Nonoperating Expense Percent (NNEP)	4.31%	-1.72%	-2.26%
Return On Investment Capital (ROIC_SIMPLE)	-2.19%	-15.93%	-9.97%
Cost of Revenue to Revenue	30.60%	51.27%	57.23%
SG&A Expenses to Revenue	19.11%	14.09%	13.68%
R&D to Revenue	0.00%	0.00%	0.00%
Operating Expenses to Revenue	74.22%	90.59%	70.81%
Earnings before Interest and Taxes (EBIT)	28	-231	-185
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	42	-224	-181
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	1.75	2.93	2.26
Price to Tangible Book Value (P/TBV)	2.04	3.36	2.26
Price to Revenue (P/Rev)	3.76	5.39	4.45
Price to Earnings (P/E)	69.78	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%
Earnings Yield	1.43%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	1.56	3.53	2.27
Enterprise Value to EBITDA (EV/EBITDA)	18.75	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	28.25	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	13.64	112.98	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00
Leverage & Solvency	-	-	-
Debt to Equity	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00
Financial Leverage	-1.02	-1.06	-1.10
Leverage Ratio	1.31	1.24	1.18
Compound Leverage Factor	1.31	1.24	1.18
Debt to Total Capital	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	100.00%	100.00%
Debt to EBITDA	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00
Altman Z-Score	3.39	6.33	7.31
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-
Current Ratio	3.37	4.13	6.18
Quick Ratio	3.23	3.93	5.95
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	-13	-343	-131
Operating Cash Flow to CapEx	274.23%	166.82%	-559.12%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00
Efficiency Ratios	-	-	-
Asset Turnover	0.33	0.40	0.42
Accounts Receivable Turnover	5.96	10.28	14.70
Inventory Turnover	0.00	0.00	0.00
Fixed Asset Turnover	18.01	51.61	87.37
Accounts Payable Turnover	159.37	132.87	131.94
Days Sales Outstanding (DSO)	61.23	35.51	24.83
Days Inventory Outstanding (DIO)	0.00	0.00	0.00
Days Payable Outstanding (DPO)	2.29	2.75	2.77
Cash Conversion Cycle (CCC)	58.94	32.77	22.07
Capital & Investment Metrics	-	-	-
Invested Capital	-26	-15	-160
Invested Capital Turnover	-24.91	-7.76	-4.94
Increase / (Decrease) in Invested Capital	-11	145	-16
Enterprise Value (EV)	793	2,384	1,698
Market Capitalization	1,904	3,643	3,331
Book Value per Share	$2.16	$2.38	$2.70
Tangible Book Value per Share	$1.85	$2.08	$2.70
Total Capital	1,085	1,243	1,473
Total Debt	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00
Net Debt	-1,111	-1,258	-1,633
Capital Expenditures (CapEx)	21	13	2.32
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-233	-206	-169
Debt-free Net Working Capital (DFNWC)	878	1,052	1,464
Net Working Capital (NWC)	878	1,052	1,464
Net Nonoperating Expense (NNE)	-51	25	38
Net Nonoperating Obligations (NNO)	-1,111	-1,258	-1,633
Total Depreciation and Amortization (D&A)	14	6.25	4.13
Debt-free, Cash-free Net Working Capital to Revenue	-45.88%	-30.48%	-22.54%
Debt-free Net Working Capital to Revenue	173.24%	155.60%	195.65%
Net Working Capital to Revenue	173.24%	155.60%	195.65%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic Shares Outstanding	511.07M	532.54M	545.40M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	518.85M	532.54M	545.40M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	504.32M	513.81M	538.58M
Normalized Net Operating Profit after Tax (NOPAT)	-24	-198	-147
Normalized NOPAT Margin	-4.69%	-29.30%	-19.63%
Pre Tax Income Margin	5.54%	-34.10%	-24.71%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00
Payout Ratios	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%
Augmented Payout Ratio	565.93%	-85.40%	-42.29%

This table displays calculated financial ratios and metrics derived from Marqeta's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	17.89%	14.28%	17.52%	-45.80%	-45.72%	-41.70%	-43.17%	23.80%	30.85%	31.14%	45.71%
EBITDA Growth	90.74%	41.45%	54.60%	312.81%	55.37%	-48.81%	-5.26%	-31.16%	-25.04%	31.36%	-16.72%
EBIT Growth	77.66%	35.45%	47.90%	303.31%	52.58%	-60.14%	-2.99%	-30.60%	-24.30%	31.21%	-16.34%
NOPAT Growth	62.81%	33.57%	39.52%	315.89%	42.98%	-3.70%	-17.36%	-48.60%	-77.45%	-43.98%	-30.37%
Net Income Growth	77.09%	32.83%	47.91%	302.58%	47.59%	-53.36%	-3.43%	-31.57%	-13.54%	28.48%	-16.27%
EPS Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Growth	2,244.37%	49.83%	-82.29%	198.98%	104.04%	10.68%	1,140.29%	-213.84%	77.45%	-73.16%	11.41%
Free Cash Flow Firm Growth	100.26%	91.81%	88.00%	159.99%	50.43%	-749.07%	-4,792.76%	-2,470.21%	-276.15%	0.00%	-94.40%
Invested Capital Growth	-377.76%	-75.04%	-70.65%	-2.16%	110.48%	90.72%	93.39%	86.82%	71.47%	-11.41%	-44.06%
Revenue Q/Q Growth	2.42%	6.11%	2.15%	6.19%	-0.72%	9.12%	-52.88%	6.34%	6.64%	6.36%	2.65%
EBITDA Q/Q Growth	85.82%	12.53%	-120.35%	466.74%	10.34%	32.16%	4.60%	23.08%	-198.93%	52.02%	-18.88%
EBIT Q/Q Growth	69.97%	6.32%	-123.92%	431.95%	13.23%	24.38%	6.66%	22.57%	-193.02%	51.37%	-18.36%
NOPAT Q/Q Growth	50.47%	11.38%	-128.18%	400.63%	11.51%	19.32%	-0.58%	20.60%	-60.95%	8.69%	-27.35%
Net Income Q/Q Growth	69.54%	5.32%	-124.05%	430.31%	10.69%	26.58%	6.47%	14.54%	-161.34%	50.49%	-18.98%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	-59.66%	239.99%	-71.68%	5,934.74%	-97.42%	-59.80%	258.24%	-146.29%	-170.65%	477.83%	-117.32%
Free Cash Flow Firm Q/Q Growth	101.22%	33.21%	-121.45%	247.06%	61.11%	2.19%	-7.25%	-21.54%	-566.01%	-640.57%	-45.83%
Invested Capital Q/Q Growth	62.65%	-53.95%	14.53%	-665.10%	123.54%	-50.10%	48.83%	42.02%	79.17%	-6.87%	-2.07%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	70.95%	72.32%	70.43%	63.35%	71.34%	70.05%	66.59%	36.61%	41.02%	42.75%	41.80%
EBITDA Margin	-2.22%	-16.04%	-19.46%	97.68%	-28.28%	-31.32%	-50.38%	-24.88%	-34.40%	-12.27%	-27.20%
Operating Margin	-13.33%	-27.56%	-33.00%	83.85%	-42.26%	-47.41%	-64.12%	-30.04%	-40.23%	-26.65%	-31.05%
EBIT Margin	-5.77%	-19.68%	-22.29%	95.20%	-30.45%	-34.84%	-50.28%	-25.38%	-34.86%	-12.69%	-27.74%
Profit (Net Income) Margin	-5.94%	-19.97%	-22.38%	95.08%	-30.57%	-33.98%	-50.50%	-25.44%	-31.66%	-12.92%	-27.75%
Tax Burden Percent	102.93%	101.47%	100.40%	99.87%	100.37%	97.51%	100.43%	100.24%	90.81%	101.82%	100.01%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	0.00%	0.00%	0.00%	0.13%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Equity (ROE)	5.01%	2.34%	1.17%	-0.98%	-14.39%	-16.42%	-14.88%	-14.25%	-12.96%	-12.13%	-12.66%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	-5,985.27%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	-2.10%	-6.54%	-7.19%	28.09%	-10.54%	-14.02%	-22.66%	-12.31%	-15.62%	-5.27%	-10.92%
Return on Assets (ROA)	-2.16%	-6.63%	-7.22%	28.05%	-10.58%	-13.68%	-22.76%	-12.33%	-14.19%	-5.37%	-10.92%
Return on Common Equity (ROCE)	5.01%	2.34%	1.17%	-0.98%	-14.39%	-16.42%	-14.88%	-14.25%	-12.96%	-12.13%	-12.66%
Return on Equity Simple (ROE_SIMPLE)	5.58%	0.00%	1.28%	-1.08%	-15.71%	0.00%	-16.13%	-15.09%	-13.46%	0.00%	-12.91%
Net Operating Profit after Tax (NOPAT)	-13	-26	-30	105	-35	-39	-49	-49	-61	-38	-42
NOPAT Margin	-9.33%	-19.29%	-23.10%	83.75%	-29.58%	-33.19%	-44.89%	-21.03%	-28.16%	-18.66%	-21.73%
Net Nonoperating Expense Percent (NNEP)	0.43%	-0.08%	0.08%	1.11%	-0.09%	-0.07%	-0.41%	-0.66%	-0.49%	0.70%	-0.69%
Return On Investment Capital (ROIC_SIMPLE)	-1.31%	-2.41%	-	-	-	-3.17%	-	-	-	-2.58%	-
Cost of Revenue to Revenue	29.05%	-48.29%	29.57%	119.01%	28.66%	-65.59%	33.41%	112.51%	58.98%	57.25%	58.20%
SG&A Expenses to Revenue	17.58%	20.49%	19.69%	18.36%	17.71%	20.97%	20.17%	10.01%	11.62%	12.98%	16.16%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	84.28%	175.86%	103.44%	-102.86%	113.60%	213.00%	130.71%	17.53%	81.25%	69.40%	72.85%
Earnings before Interest and Taxes (EBIT)	-8.03	-27	-29	119	-36	-41	-55	-59	-76	-26	-53
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-3.09	-22	-25	122	-33	-37	-55	-58	-75	-25	-52
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.10	1.75	2.28	2.49	2.53	2.93	2.45	1.92	1.72	2.26	2.58
Price to Tangible Book Value (P/TBV)	2.49	2.04	2.66	2.88	2.91	3.36	2.71	2.11	1.88	2.26	2.58
Price to Revenue (P/Rev)	3.93	3.76	5.10	6.03	5.31	5.39	4.17	3.12	3.08	4.45	5.58
Price to Earnings (P/E)	37.72	69.78	178.26	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	2.65%	1.43%	0.56%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	532.47	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	2.05	1.56	2.83	3.56	3.22	3.53	2.45	1.47	1.24	2.27	3.21
Enterprise Value to EBITDA (EV/EBITDA)	14.89	18.75	51.66	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	19.31	28.25	103.63	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	160.40	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	15.96	13.64	27.81	20.02	57.84	112.98	95.75	0.00	42.78	0.00	81.02
Enterprise Value to Free Cash Flow (EV/FCFF)	54.32	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-1.00	-1.02	-1.01	-1.02	-1.01	-1.06	-1.06	-1.06	-1.05	-1.10	-1.08
Leverage Ratio	1.32	1.31	1.27	1.27	1.26	1.24	1.20	1.20	1.20	1.18	1.15
Compound Leverage Factor	1.32	1.31	1.27	1.27	1.26	1.24	1.20	1.20	1.20	1.18	1.15
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	3.67	3.26	4.68	5.56	5.58	6.72	6.69	5.39	4.97	7.61	9.80
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.18	3.37	3.66	3.77	3.98	4.13	4.74	4.76	4.86	6.18	6.97
Quick Ratio	3.03	3.23	3.53	3.59	3.77	3.93	4.54	4.60	4.70	5.95	6.74
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.18	-15	-23	105	-72	-184	-188	-176	-144	-22	4.01
Operating Cash Flow to CapEx	136.34%	582.06%	169.52%	416.93%	6.56%	676.85%	1,306.07%	-752.00%	-292.21%	2,411.63%	-474.88%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.36	0.33	0.32	0.30	0.35	0.40	0.45	0.48	0.45	0.42	0.39
Accounts Receivable Turnover	6.18	5.96	7.95	6.61	7.64	10.28	16.90	16.28	12.49	14.70	16.05
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	14.94	18.01	18.56	19.90	29.73	51.61	60.77	73.47	80.83	87.37	76.81
Accounts Payable Turnover	131.17	159.37	104.50	43.47	129.48	132.87	243.38	331.49	198.76	131.94	107.51
Days Sales Outstanding (DSO)	59.10	61.23	45.91	55.20	47.76	35.51	21.60	22.42	29.23	24.83	22.75
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	2.78	2.29	3.49	8.40	2.82	2.75	1.50	1.10	1.84	2.77	3.40
Cash Conversion Cycle (CCC)	56.32	58.94	42.42	46.80	44.94	32.77	20.10	21.32	27.39	22.07	19.35
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	-9.68	-26	-17	-20	3.48	-15	-9.86	-19	-33	-160	-149
Invested Capital Turnover	-170.55	-24.91	-36.72	-24.18	-38.77	-7.76	-9.56	-10.20	-10.68	-4.94	-5.53
Increase / (Decrease) in Invested Capital	-13	-11	-6.97	-0.42	37	145	139	127	83	-16	-46
Enterprise Value (EV)	1,081	793	1,389	1,677	1,855	2,384	1,868	1,241	994	1,698	2,246
Market Capitalization	2,078	1,904	2,501	2,839	3,062	3,643	3,173	2,633	2,461	3,331	3,908
Book Value per Share	$1.96	$2.16	$2.16	$2.20	$2.36	$2.38	$2.44	$2.54	$2.66	$2.70	$2.76
Tangible Book Value per Share	$1.66	$1.85	$1.85	$1.90	$2.05	$2.08	$2.21	$2.31	$2.43	$2.70	$2.76
Total Capital	987	1,085	1,096	1,142	1,211	1,243	1,295	1,373	1,434	1,473	1,512
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-997	-1,111	-1,112	-1,162	-1,207	-1,258	-1,305	-1,392	-1,467	-1,633	-1,662
Capital Expenditures (CapEx)	7.33	4.25	4.30	6.17	6.50	2.44	3.15	3.45	3.61	0.62	0.83
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-219	-233	-225	-227	-198	-206	-195	-196	-208	-169	-161
Debt-free Net Working Capital (DFNWC)	778	878	888	935	1,010	1,052	1,110	1,195	1,259	1,464	1,493
Net Working Capital (NWC)	778	878	888	935	1,010	1,052	1,110	1,195	1,259	1,464	1,493
Net Nonoperating Expense (NNE)	-4.72	0.92	-0.92	-14	1.16	0.94	6.11	10	7.60	-12	12
Net Nonoperating Obligations (NNO)	-997	-1,111	-1,112	-1,162	-1,207	-1,258	-1,305	-1,392	-1,467	-1,633	-1,662
Total Depreciation and Amortization (D&A)	4.94	4.94	3.62	3.11	2.56	4.19	-0.11	1.16	1.01	0.85	1.05
Debt-free, Cash-free Net Working Capital to Revenue	-41.52%	-45.88%	-45.89%	-48.20%	-34.26%	-30.48%	-25.57%	-23.27%	-26.04%	-22.54%	-23.02%
Debt-free Net Working Capital to Revenue	147.26%	173.24%	181.13%	198.55%	175.03%	155.60%	145.88%	141.66%	157.45%	195.65%	213.30%
Net Working Capital to Revenue	147.26%	173.24%	181.13%	198.55%	175.03%	155.60%	145.88%	141.66%	157.45%	195.65%	213.30%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic Shares Outstanding	501.22M	511.07M	507.16M	515.96M	517.99M	532.54M	529.49M	538.27M	539.74M	545.40M	548.99M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	501.22M	518.85M	507.16M	524.40M	517.99M	532.54M	529.49M	538.27M	539.74M	545.40M	548.99M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	468.27M	504.32M	502.39M	508.37M	518.11M	513.81M	521.85M	530.60M	540.63M	538.58M	545.10M
Normalized Net Operating Profit after Tax (NOPAT)	-13	-26	-30	105	-35	-39	-49	-49	-61	-38	-42
Normalized NOPAT Margin	-9.33%	-19.29%	-23.10%	83.75%	-29.58%	-33.19%	-44.89%	-21.03%	-28.16%	-18.66%	-21.73%
Pre Tax Income Margin	-5.77%	-19.68%	-22.29%	95.20%	-30.45%	-34.84%	-50.28%	-25.38%	-34.86%	-12.69%	-27.74%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	421.26%	565.93%	1,401.32%	-1,741.71%	-106.33%	-85.40%	-94.27%	-70.12%	-51.80%	-42.29%	-7.34%

Frequently Asked Questions About Marqeta's Financials

When does Marqeta's financial year end?

According to the most recent income statement we have on file, Marqeta's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Marqeta's net income changed over the last 2 years?

Marqeta's net income appears to be on a downward trend, with a most recent value of $27.29 million in 2024, falling from -$184.78 million in 2022. The previous period was -$222.96 million in 2023. Find out what analysts predict for Marqeta in the coming months.

What is Marqeta's operating income?

Marqeta's total operating income in 2024 was -$24.47 million, based on the following breakdown:

Total Gross Profit: $351.85 million
Total Operating Expenses: $376.32 million

How has Marqeta revenue changed over the last 2 years?

Over the last 2 years, Marqeta's total revenue changed from $748.21 million in 2022 to $507.00 million in 2024, a change of -32.2%.

How much debt does Marqeta have?

Marqeta's total liabilities were at $378.19 million at the end of 2024, a 9.2% increase from 2023, and a 27.2% increase since 2022.

How much cash does Marqeta have?

In the past 2 years, Marqeta's cash and equivalents has ranged from $923.02 million in 2024 to $1.18 billion in 2022, and is currently $923.02 million as of their latest financial filing in 2024.

How has Marqeta's book value per share changed over the last 2 years?

Over the last 2 years, Marqeta's book value per share changed from 2.70 in 2022 to 2.16 in 2024, a change of -20.1%.

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This page (NASDAQ:MQ) was last updated on 5/22/2025 by MarketBeat.com Staff

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