Marqeta Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	624.88	507	676.17	748.21	517.18
Revenue Growth (YoY)	23.25%	-25.02%	-9.63%	44.67%	78.16%
Cost of Revenue	187.61	155.15	346.66	428.21	285.47
Gross Profit	437.27	351.85	329.51	320	231.71
Selling, General & Admin	371.14	282.02	524.9	447.08	343.02
Research & Development	65.01	60.06	55.61	52.36	33.64
Other Operating Expenses	15.4	16.78	17.98	26.51	13.52
Operating Expenses	478.7	376.32	609.23	529.81	393.71
Operating Income	-41.43	-24.47	-279.72	-209.81	-162.01
Other Non Operating Income (Expenses)	33.1	52.55	52.44	7.04	-2.56
EBT Excluding Unusual Items	-8.33	28.08	-227.28	-202.77	-164.57
Merger & Restructuring Charges	-	-	-3.3	-	-
Gain (Loss) on Sale of Investments	-	-	-	17.89	-
Legal Settlements	-5	-	-	-	-
Pretax Income	-13.33	28.08	-230.58	-184.88	-164.57
Income Tax Expense	0.6	0.79	-7.61	-0.1	-0.64
Net Income	-13.93	27.29	-222.96	-184.78	-163.93
Net Income to Common	-13.93	27.29	-222.96	-184.78	-163.93
Shares Outstanding (Basic)	462	511	533	545	363
Shares Outstanding (Diluted)	462	519	533	545	363
Shares Change (YoY)	-10.92%	-2.57%	-2.36%	50.35%	195.09%
EPS (Basic)	-0.03	0.05	-0.42	-0.34	-0.45
EPS (Diluted)	-0.03	0.05	-0.42	-0.34	-0.45
Free Cash Flow	160.79	55.75	20.34	-15.29	54.23
Free Cash Flow Per Share	0.35	0.11	0.04	-0.03	0.15
Gross Margin	69.98%	69.40%	48.73%	42.77%	44.80%
Operating Margin	-6.63%	-4.83%	-41.37%	-28.04%	-31.32%
Profit Margin	-2.23%	5.38%	-32.97%	-24.70%	-31.70%
Free Cash Flow Margin	25.73%	11.00%	3.01%	-2.04%	10.49%
EBITDA	-20.17	-12.91	-274.37	-205.96	-158.47
EBITDA Margin	-3.23%	-2.54%	-40.58%	-27.53%	-30.64%
D&A For EBITDA	21.26	11.56	5.34	3.85	3.53
EBIT	-41.43	-24.47	-279.72	-209.81	-162.01
EBIT Margin	-6.63%	-4.83%	-41.37%	-28.04%	-31.32%
Effective Tax Rate	-	2.82%	-	-	-
Advertising Expenses	4.2	2.3	1.5	2.2	1.7

Source: S&P Global Market Intelligence. Standard template. Financial Sources.