Marqeta, Inc. (MQ)

Marqeta Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	588.56	507	676.17	748.21	517.18	290.29
Revenue Growth (YoY)	20.11%	-25.02%	-9.63%	44.67%	78.16%	102.62%
Cost of Revenue	173.06	155.15	346.66	428.21	285.47	172.39
Gross Profit	415.5	351.85	329.51	320	231.71	117.91
Selling, General & Admin	375.99	282.02	528.2	447.08	343.02	143
Research & Development	63.71	60.06	55.61	52.36	33.64	13.24
Other Operating Expenses	16.97	16.78	17.98	26.51	13.52	5.26
Operating Expenses	481.18	376.32	612.53	529.81	393.71	164.99
Operating Income	-65.68	-24.47	-283.02	-209.81	-162.01	-47.09
Other Non Operating Income (Expenses)	37.25	52.55	52.44	7.04	-2.56	-0.52
EBT Excluding Unusual Items	-28.44	28.08	-230.58	-202.77	-164.57	-47.61
Gain (Loss) on Sale of Investments	-	-	-	17.89	-	-
Pretax Income	-38.32	28.08	-230.58	-184.88	-164.57	-47.61
Income Tax Expense	1.33	0.79	-7.61	-0.1	-0.64	0.09
Net Income	-39.65	27.29	-222.96	-184.78	-163.93	-47.7
Net Income to Common	-39.65	27.29	-222.96	-184.78	-163.93	-47.7
Shares Outstanding (Basic)	479	511	533	545	363	123
Shares Outstanding (Diluted)	479	519	533	545	363	123
Shares Change (YoY)	-8.41%	-2.57%	-2.36%	50.35%	195.09%	7.98%
EPS (Basic)	-0.08	0.05	-0.42	-0.34	-0.45	-0.39
EPS (Diluted)	-0.08	0.05	-0.42	-0.34	-0.45	-0.39
Free Cash Flow	132.03	55.75	20.34	-15.29	54.23	47.9
Free Cash Flow Per Share	0.28	0.11	0.04	-0.03	0.15	0.39
Gross Margin	70.60%	69.40%	48.73%	42.77%	44.80%	40.62%
Operating Margin	-11.16%	-4.83%	-41.86%	-28.04%	-31.32%	-16.22%
Profit Margin	-6.74%	5.38%	-32.97%	-24.70%	-31.70%	-16.43%
Free Cash Flow Margin	22.43%	11.00%	3.01%	-2.04%	10.49%	16.50%
EBITDA	-36.76	-7.01	-272.27	-205.96	-158.47	-43.59
EBITDA Margin	-6.25%	-1.38%	-40.27%	-27.53%	-30.64%	-15.02%
D&A For EBITDA	28.92	17.46	10.74	3.85	3.53	3.5
EBIT	-65.68	-24.47	-283.02	-209.81	-162.01	-47.09
EBIT Margin	-11.16%	-4.83%	-41.85%	-28.04%	-31.32%	-16.22%
Effective Tax Rate	-	2.82%	-	-	-	-
Advertising Expenses	-	2.3	1.5	2.2	1.7	1.4

Updated Nov 5, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q