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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	528.1	507	676.17	748.21	517.18	290.29
Revenue Growth (YoY)	-8.44%	-25.02%	-9.63%	44.67%	78.16%	102.62%
Cost of Revenue	161.73	155.15	346.66	428.21	285.47	172.39
Gross Profit	366.37	351.85	329.51	320	231.71	117.91
Selling, General & Admin	261.69	282.02	528.2	447.08	343.02	143
Research & Development	61.75	60.06	55.61	52.36	33.64	13.24
Other Operating Expenses	16.82	16.78	17.98	26.51	13.52	5.26
Operating Expenses	359.52	376.32	612.53	529.81	393.71	164.99
Operating Income	6.85	-24.47	-283.02	-209.81	-162.01	-47.09
Other Non Operating Income (Expenses)	49.13	52.55	52.44	7.04	-2.56	-0.52
EBT Excluding Unusual Items	55.98	28.08	-230.58	-202.77	-164.57	-47.61
Gain (Loss) on Sale of Investments	-	-	-	17.89	-	-
Pretax Income	55.98	28.08	-230.58	-184.88	-164.57	-47.61
Income Tax Expense	0.89	0.79	-7.61	-0.1	-0.64	0.09
Net Income	55.09	27.29	-222.96	-184.78	-163.93	-47.7
Net Income to Common	55.09	27.29	-222.96	-184.78	-163.93	-47.7
Shares Outstanding (Basic)	507	511	533	545	363	123
Shares Outstanding (Diluted)	515	519	533	545	363	123
Shares Change (YoY)	-2.36%	-2.57%	-2.36%	50.35%	195.09%	7.98%
EPS (Basic)	0.11	0.05	-0.42	-0.34	-0.45	-0.39
EPS (Diluted)	0.11	0.05	-0.42	-0.34	-0.45	-0.39
Free Cash Flow	65.24	55.75	20.34	-15.29	54.23	47.9
Free Cash Flow Per Share	0.13	0.11	0.04	-0.03	0.15	0.39
Gross Margin	69.38%	69.40%	48.73%	42.77%	44.80%	40.62%
Operating Margin	1.30%	-4.83%	-41.86%	-28.04%	-31.32%	-16.22%
Profit Margin	10.43%	5.38%	-32.97%	-24.70%	-31.70%	-16.43%
Free Cash Flow Margin	12.35%	11.00%	3.01%	-2.04%	10.49%	16.50%
EBITDA	26.1	-7.01	-272.27	-205.96	-158.47	-43.59
EBITDA Margin	4.94%	-1.38%	-40.27%	-27.53%	-30.64%	-15.02%
D&A For EBITDA	19.25	17.46	10.74	3.85	3.53	3.5
EBIT	6.85	-24.47	-283.02	-209.81	-162.01	-47.09
EBIT Margin	1.30%	-4.83%	-41.85%	-28.04%	-31.32%	-16.22%
Effective Tax Rate	1.60%	2.82%	-	-	-	-
Advertising Expenses	-	2.3	1.5	2.2	1.7	1.4

Updated Feb 26, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q