Marqeta Cash Flow 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
Net Income	-13.93	27.29	-222.96	-184.78	-163.93
Depreciation & Amortization	21.26	11.56	5.34	3.85	3.53
Other Amortization	5.9	5.9	5.4	-	-
Loss (Gain) From Sale of Investments	-0.76	-3.23	-4.5	-17.61	1.16
Stock-Based Compensation	104.79	-8.06	180.74	160.74	142.66
Other Operating Activities	2.82	3.43	35.69	14.55	5.23
Change in Accounts Receivable	-8.86	-11.2	-4.56	-2.58	-4.94
Change in Accounts Payable	-0.08	-0.35	-1.96	0.25	0.19
Change in Other Net Operating Assets	51.47	32.84	27.9	12.61	73.07
Operating Cash Flow	162.62	58.17	21.1	-12.97	56.97
Operating Cash Flow Growth	179.56%	175.64%	-	-	13.33%
Capital Expenditures	-1.84	-2.42	-0.76	-2.32	-2.74
Cash Acquisitions	-45.66	-	-135.78	-	-
Sale (Purchase) of Intangibles	-28.43	-18.79	-11.89	-1.6	-
Investment in Securities	117.38	92	187.04	32.64	-326.38
Other Investing Activities	229.65	-	-0.09	-	-
Investing Cash Flow	271.11	70.79	38.52	28.72	-329.12
Issuance of Common Stock	3.76	2.92	8.36	14.01	1,328
Repurchase of Common Stock	-428.34	-189.83	-217.08	-93.5	-23.55
Other Financing Activities	77.26	-	-53.07	-	-4.76
Financing Cash Flow	-347.32	-186.91	-261.79	-79.49	1,299
Net Cash Flow	86.42	-57.96	-202.17	-63.74	1,027
Free Cash Flow	160.79	55.75	20.34	-15.29	54.23
Free Cash Flow Growth	188.40%	174.07%	-	-	13.22%
Free Cash Flow Margin	25.73%	11.00%	3.01%	-2.04%	10.49%
Free Cash Flow Per Share	0.35	0.11	0.04	-0.03	0.15
Cash Income Tax Paid	0.6	0.4	0.43	0.08	0.2
Levered Free Cash Flow	138.96	-1.28	40.26	38.67	112.73
Unlevered Free Cash Flow	138.96	-1.28	40.26	38.67	112.73
Change in Working Capital	42.53	21.29	21.39	10.28	68.32

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