MQ

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Marqeta, Inc.

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Key Metrics

Previous Close: $15.64
52-Week Range: $14.80 – $25.83
Market Cap: $1.64B
P/E (TTM): 175.56
EPS (TTM): 0.09
Dividend Yield: —

Advanced Metrics

Price/Book: 2.30
PEG Ratio: 1.50
Return on Equity: 1.33%
Return on Assets: -0.51%
Gross Margin: 69.99%
Operating Margin: 2.47%
Profit Margin: 1.53%
Current Ratio: 1.66
Debt/Equity: 0.01
Total Debt: $6.75M
Free Cash Flow: $152.72M
Revenue Growth: 17.00%
Earnings Growth: —
Enterprise Value: $933.95M

MQ Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$748.21M	$676.17M	$507.00M	$624.88M
Cost of Revenue	$428.20M	$346.66M	$155.15M	$187.61M
Gross Profit	$320.00M	$329.51M	$351.85M	$437.27M
Selling, General & Admin	$447.08M	$528.20M	$282.02M	$371.14M
Operating Expenses	$529.81M	$612.53M	$376.31M	$483.70M
Operating Income	-$209.81M	-$283.01M	-$24.47M	-$46.43M
EBITDA	-$205.96M	-$272.27M	-$7.01M	-$19.27M
Pretax Income	-$184.88M	-$230.57M	$28.08M	-$13.33M
Income Tax	-$102.00K	-$7.61M	$793.00K	$596.00K
Net Income	-$184.78M	-$222.96M	$27.29M	-$13.93M
Diluted EPS	-1.36	-1.68	0.20	-0.12
Diluted Shares	136.35M	133.14M	129.71M	115.54M

MQ Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$1.18B	$980.97M	$923.02M	$709.44M
Receivables	$80.86M	$109.19M	$118.59M	$125.93M
Inventory	$5.15M	$4.31M	$3.68M	$1.95M
Current Assets	$1.75B	$1.39B	$1.25B	$1.24B
Total Assets	$1.77B	$1.59B	$1.46B	$1.53B
Current Liabilities	$282.88M	$336.58M	$370.99M	$749.06M
Total Debt	$12.43M	$16.93M	$13.22M	$16.28M
Total Liabilities	$297.39M	$346.30M	$378.19M	$763.08M
Retained Earnings	-$602.23M	-$825.20M	-$797.91M	-$811.83M
Shareholders' Equity	$1.47B	$1.24B	$1.09B	$761.96M
Working Capital	$1.46B	$1.05B	$878.31M	$486.26M

MQ Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	-$12.97M	$21.10M	$58.17M	$162.62M
Capital Expenditure	-$3.92M	-$12.65M	-$21.21M	-$30.26M
Free Cash Flow	-$16.89M	$8.45M	$36.96M	$132.36M
Depreciation & Amortisation	$3.85M	$10.74M	$17.46M	$27.16M
Stock-Based Compensation	$107.53M	$127.53M	$136.56M	$104.79M
Investing Cash Flow	$28.72M	$38.52M	$70.79M	$271.11M
Financing Cash Flow	-$79.49M	-$261.79M	-$186.91M	-$347.32M
Share Repurchases	-$78.14M	-$190.42M	-$154.43M	-$391.37M
Net Change in Cash	-$63.73M	-$202.17M	-$57.96M	$86.42M

MQ Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Revenue	$139.07M	$150.39M	$163.31M	$172.11M	$165.80M
Cost of Revenue	$40.39M	$46.33M	$48.75M	$52.14M	$48.21M
Gross Profit	$98.68M	$104.06M	$114.56M	$119.97M	$117.59M
Selling, General & Admin	$93.13M	$87.18M	$92.34M	$98.48M	$84.99M
Operating Expenses	$117.22M	$113.29M	$124.93M	$128.27M	$115.50M
Operating Income	-$18.54M	-$9.23M	-$10.37M	-$8.29M	$2.09M
EBITDA	-$13.21M	-$2.58M	-$3.35M	-$134.00K	$10.95M
Pretax Income	-$8.03M	-$441.00K	-$3.13M	-$1.74M	$8.03M
Income Tax	$235.00K	$206.00K	$498.00K	-$343.00K	$193.00K
Net Income	-$8.26M	-$647.00K	-$3.62M	-$1.39M	$7.83M
Diluted EPS	-0.08	0.00	-0.04	0.00	0.08
Diluted Shares	125.31M	115.38M	112.18M	109.51M	108.39M

MQ Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Cash & Equivalents	$830.90M	$732.72M	$747.25M	$709.44M	$674.79M
Receivables	$107.78M	$137.24M	$100.50M	$125.93M	$158.22M
Inventory	—	—	—	$1.95M	—
Current Assets	$1.13B	$990.23M	$1.20B	$1.24B	$1.19B
Total Assets	$1.35B	$1.21B	$1.49B	$1.53B	$1.48B
Current Liabilities	$356.97M	$361.30M	$636.77M	$749.06M	$721.14M
Total Debt	$12.11M	$14.46M	$15.63M	$16.28M	$15.09M
Total Liabilities	$362.37M	$371.16M	$649.20M	$763.08M	$734.43M
Retained Earnings	-$806.17M	-$806.82M	-$810.44M	-$811.83M	-$804.00M
Shareholders' Equity	$987.26M	$843.43M	$839.23M	$761.96M	$742.28M
Working Capital	$777.68M	$628.94M	$563.24M	$486.26M	$467.28M

MQ Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Operating Cash Flow	$9.99M	$12.55M	$86.77M	$53.32M	-$3.37M
Capital Expenditure	-$7.33M	-$7.87M	-$8.26M	-$6.80M	-$9.08M
Free Cash Flow	$2.66M	$4.67M	$78.50M	$46.52M	-$12.44M
Depreciation & Amortisation	$5.33M	$6.65M	$7.02M	$8.16M	$8.85M
Stock-Based Compensation	$25.91M	$27.07M	$25.70M	$26.10M	$20.02M
Investing Cash Flow	$14.86M	$60.86M	$182.52M	$12.87M	$16.06M
Financing Cash Flow	-$116.97M	-$171.58M	-$27.85M	-$30.93M	-$74.54M
Share Repurchases	-$111.31M	-$163.92M	-$19.55M	-$96.58M	-$39.21M
Net Change in Cash	-$92.12M	-$98.17M	$241.44M	$35.27M	-$61.85M

Market Snapshot

About

Operates a modern card issuing platform enabling businesses to launch payment cards and money movement programs. Cloud-based infrastructure provides APIs for embedded finance, expense management, and incentive disbursement. Customers include Square, DoorDash, and Instacart.