Marqeta (MQ) Financials

$3.91 -0.01 (-0.26%)

Closing price 04:00 PM Eastern

Extended Trading

$3.94 +0.03 (+0.90%)

As of 05:53 PM Eastern

Annual Income Statements for Marqeta

This table shows Marqeta's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	-185	-223	27
Consolidated Net Income / (Loss)	-185	-223	27
Net Income / (Loss) Continuing Operations	-185	-223	27
Total Pre-Tax Income	-185	-231	28
Total Operating Income	-210	-283	-24
Total Gross Profit	320	330	352
Total Revenue	748	676	507
Operating Revenue	748	676	507
Total Cost of Revenue	428	347	155
Operating Cost of Revenue	428	347	155
Total Operating Expenses	530	613	376
Selling, General & Admin Expense	102	95	97
Marketing Expense	4.00	2.57	2.99
Depreciation Expense	3.85	11	17
Other Operating Expenses / (Income)	420	504	259
Total Other Income / (Expense), net	25	52	53
Other Income / (Expense), net	25	52	53
Income Tax Expense	-0.10	-7.61	0.79
Weighted Average Basic Shares Outstanding	545.40M	532.54M	511.07M
Weighted Average Diluted Shares Outstanding	545.40M	532.54M	518.85M
Weighted Average Basic & Diluted Shares Outstanding	538.58M	513.81M	504.32M

This table shows Marqeta's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	-53	-26	-69	-59	-55	-40	-36	119	-29	-27
Consolidated Net Income / (Loss)	-53	-26	-69	-59	-55	-40	-36	119	-29	-27
Net Income / (Loss) Continuing Operations	-53	-26	-69	-59	-55	-40	-36	119	-29	-27
Total Pre-Tax Income	-53	-26	-76	-59	-55	-41	-36	119	-29	-27
Total Operating Income	-59	-54	-87	-69	-70	-56	-50	105	-42	-37
Total Gross Profit	80	87	89	85	73	83	84	79	90	98
Total Revenue	192	204	217	231	109	119	118	125	128	136
Operating Revenue	192	204	217	231	109	119	118	125	128	136
Total Cost of Revenue	112	117	128	260	36	-78	34	149	38	-66
Operating Cost of Revenue	112	117	128	260	36	-78	34	149	38	-66
Total Operating Expenses	140	141	177	41	142	253	134	-129	132	239
Selling, General & Admin Expense	31	26	25	23	22	25	21	23	25	28
Marketing Expense	0.69	1.86	0.44	0.56	0.35	1.22	0.38	0.73	0.58	1.30
Depreciation Expense	0.93	1.02	1.98	2.49	3.11	3.16	3.54	3.96	4.45	5.52
Other Operating Expenses / (Income)	107	112	149	14	117	224	109	-157	102	204
Total Other Income / (Expense), net	6.33	28	12	11	15	15	14	14	14	11
Other Income / (Expense), net	6.33	28	12	11	15	15	14	14	14	11
Income Tax Expense	0.00	0.48	-6.96	0.14	0.24	-1.03	0.13	0.15	0.12	0.39
Weighted Average Basic Shares Outstanding	548.99M	545.40M	539.74M	538.27M	529.49M	532.54M	517.99M	515.96M	507.16M	511.07M
Weighted Average Diluted Shares Outstanding	548.99M	545.40M	539.74M	538.27M	529.49M	532.54M	517.99M	524.40M	507.16M	518.85M
Weighted Average Basic & Diluted Shares Outstanding	545.10M	538.58M	540.63M	530.60M	521.85M	513.81M	518.11M	508.37M	502.39M	504.32M

This table details how cash moves in and out of Marqeta's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Net Change in Cash & Equivalents	-64	-202	-58
Net Cash From Operating Activities	-13	21	58
Net Cash From Continuing Operating Activities	-13	21	58
Net Income / (Loss) Continuing Operations	-185	-223	27
Consolidated Net Income / (Loss)	-185	-223	27
Depreciation Expense	3.85	11	17
Amortization Expense	0.28	-4.50	-3.23
Non-Cash Adjustments To Reconcile Net Income	172	236	29
Changes in Operating Assets and Liabilities, net	-3.97	1.83	-12
Net Cash From Investing Activities	29	39	71
Net Cash From Continuing Investing Activities	29	39	71
Purchase of Property, Plant & Equipment	-2.32	-13	-21
Acquisitions	-1.60	-136	0.00
Purchase of Investments	-70	-892	0.00
Divestitures	26	0.00	0.00
Sale and/or Maturity of Investments	77	1,079	92
Other Investing Activities, net	0.00	-0.09	0.00
Net Cash From Financing Activities	-79	-262	-187
Net Cash From Continuing Financing Activities	-79	-262	-187
Repurchase of Common Equity	-78	-190	-154
Issuance of Common Equity	4.76	3.07	2.72
Other Financing Activities, net	-6.11	-74	-35
Cash Interest Paid	0.00	0.00	0.00
Cash Income Taxes Paid	0.08	0.43	0.40

This table details how cash moves in and out of Marqeta's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	-15	-21	-133	-99	-3.98	34	-11	-46	-38	37
Net Cash From Operating Activities	-3.95	15	-11	-26	41	17	0.43	26	7.28	25
Net Cash From Continuing Operating Activities	-3.95	15	-11	-26	41	17	0.43	26	7.28	25
Net Income / (Loss) Continuing Operations	-53	-26	-69	-59	-55	-40	-36	119	-29	-27
Consolidated Net Income / (Loss)	-53	-26	-69	-59	-55	-40	-36	119	-29	-27
Depreciation Expense	0.93	1.02	1.98	2.49	3.11	3.16	3.54	3.96	4.45	5.52
Amortization Expense	0.11	-0.17	-0.98	-1.34	-3.21	1.03	-0.98	-0.85	-0.83	-0.58
Non-Cash Adjustments To Reconcile Net Income	43	46	91	25	58	62	55	-127	43	57
Changes in Operating Assets and Liabilities, net	4.88	-6.00	-33	6.86	38	-9.39	-21	30	-11	-10
Net Cash From Investing Activities	1.91	28	-98	-24	79	82	34	-6.17	9.71	34
Net Cash From Continuing Investing Activities	1.91	28	-98	-24	79	82	34	-6.17	9.71	34
Purchase of Property, Plant & Equipment	-0.83	-0.62	-3.61	-3.45	-3.15	-2.44	-6.50	-6.17	-4.30	-4.25
Sale and/or Maturity of Investments	12	53	108	188	779	4.52	40	-	14	38
Net Cash From Financing Activities	-13	-64	-25	-49	-124	-65	-45	-65	-55	-22
Net Cash From Continuing Financing Activities	-13	-64	-25	-49	-124	-65	-45	-65	-55	-22
Repurchase of Common Equity	-13	-65	-22	-45	-64	-59	-34	-57	-47	-17
Issuance of Common Equity	-	1.99	-	-	-	1.29	-	-	-	1.09
Other Financing Activities, net	-0.67	-0.27	-2.73	-5.04	-60	-6.90	-11	-9.31	-8.74	-6.28

This table presents Marqeta's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Total Assets	1,770	1,590	1,463
Total Current Assets	1,747	1,389	1,249
Cash & Equivalents	1,184	981	923
Restricted Cash	7.80	8.50	8.50
Short-Term Investments	441	269	179
Accounts Receivable	58	73	97
Prepaid Expenses	38	27	25
Other Current Assets	18	30	16
Plant, Property, & Equipment, net	7.44	19	38
Total Noncurrent Assets	16	182	176
Goodwill	0.00	124	124
Intangible Assets	0.00	36	30
Other Noncurrent Operating Assets	16	23	23
Total Liabilities & Shareholders' Equity	1,770	1,590	1,463
Total Liabilities	297	346	378
Total Current Liabilities	283	337	371
Accounts Payable	3.80	1.42	0.53
Accrued Expenses	279	335	370
Total Noncurrent Liabilities	15	9.72	7.20
Other Noncurrent Operating Liabilities	15	9.72	7.20
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,473	1,243	1,085
Total Preferred & Common Equity	1,473	1,243	1,085
Preferred Stock	0.00	0.00	0.00
Total Common Equity	1,473	1,243	1,085
Common Stock	2,082	2,068	1,883
Retained Earnings	-602	-825	-798
Accumulated Other Comprehensive Income / (Loss)	-7.24	0.76	-0.31

This table presents Marqeta's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	1,774	1,774	1,704	1,603	1,558	1,488	1,436
Total Current Assets	1,743	1,585	1,514	1,407	1,348	1,273	1,221
Cash & Equivalents	1,205	1,050	950	948	970	925	886
Restricted Cash	7.80	7.80	9.38	7.80	8.50	8.50	8.50
Short-Term Investments	441	409	432	349	228	229	218
Accounts Receivable	40	73	82	50	78	60	73
Prepaid Expenses	39	34	29	33	27	23	24
Other Current Assets	10	11	11	20	37	28	12
Plant, Property, & Equipment, net	8.03	11	14	17	28	33	36
Total Noncurrent Assets	23	179	176	179	182	182	179
Goodwill	-	123	123	123	124	124	124
Intangible Assets	-	-	-	-	34	33	31
Other Noncurrent Operating Assets	16	55	53	56	24	26	24
Total Liabilities & Shareholders' Equity	1,774	1,774	1,704	1,603	1,558	1,488	1,436
Total Liabilities	262	341	332	308	348	346	340
Total Current Liabilities	250	326	318	297	339	338	334
Accounts Payable	2.74	2.98	2.82	1.71	0.92	3.69	1.03
Accrued Expenses	247	323	316	295	338	334	333
Total Noncurrent Liabilities	12	14	13	11	9.11	8.06	6.61
Other Noncurrent Operating Liabilities	12	14	13	11	9.11	8.06	6.61
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,512	1,434	1,373	1,295	1,211	1,142	1,096
Total Preferred & Common Equity	1,512	1,434	1,373	1,295	1,211	1,142	1,096
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,512	1,434	1,373	1,295	1,211	1,142	1,096
Common Stock	2,099	2,108	2,104	2,082	2,073	1,886	1,866
Retained Earnings	-576	-671	-730	-785	-861	-742	-771
Accumulated Other Comprehensive Income / (Loss)	-11	-3.18	-1.48	-1.84	-0.82	-1.27	0.83

This table displays calculated financial ratios and metrics derived from Marqeta's official financial filings.

Metric	2022	2023	2024
Growth Metrics	-	-	-
Revenue Growth	44.67%	-9.63%	-25.02%
EBITDA Growth	-13.06%	-24.11%	118.86%
EBIT Growth	-12.34%	-24.71%	112.18%
NOPAT Growth	-29.51%	-34.89%	88.00%
Net Income Growth	-12.72%	-20.66%	112.24%
EPS Growth	0.00%	0.00%	0.00%
Operating Cash Flow Growth	-122.76%	262.76%	175.64%
Free Cash Flow Firm Growth	-116.97%	-162.66%	96.30%
Invested Capital Growth	-11.41%	90.72%	-75.04%
Revenue Q/Q Growth	6.91%	-11.17%	3.46%
EBITDA Q/Q Growth	5.95%	-5.75%	57.39%
EBIT Q/Q Growth	5.97%	-7.23%	109.54%
NOPAT Q/Q Growth	-8.59%	-0.72%	47.65%
Net Income Q/Q Growth	5.37%	-6.72%	94.48%
EPS Q/Q Growth	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	-146.77%	8.17%	16.49%
Free Cash Flow Firm Q/Q Growth	0.00%	-2.00%	67.05%
Invested Capital Q/Q Growth	-6.87%	-50.10%	-53.95%
Profitability Metrics	-	-	-
Gross Margin	42.77%	48.73%	69.40%
EBITDA Margin	-24.16%	-33.18%	8.34%
Operating Margin	-28.04%	-41.86%	-4.83%
EBIT Margin	-24.71%	-34.10%	5.54%
Profit (Net Income) Margin	-24.70%	-32.97%	5.38%
Tax Burden Percent	99.94%	96.70%	97.18%
Interest Burden Percent	100.00%	100.00%	100.00%
Effective Tax Rate	0.00%	0.00%	2.82%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%
Return on Equity (ROE)	-12.13%	-16.42%	2.34%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	-10.27%	-13.72%	1.84%
Return on Assets (ROA)	-10.26%	-13.27%	1.79%
Return on Common Equity (ROCE)	-12.13%	-16.42%	2.34%
Return on Equity Simple (ROE_SIMPLE)	-12.54%	-17.93%	2.51%
Net Operating Profit after Tax (NOPAT)	-147	-198	-24
NOPAT Margin	-19.63%	-29.30%	-4.69%
Net Nonoperating Expense Percent (NNEP)	-2.26%	-1.72%	4.31%
Return On Investment Capital (ROIC_SIMPLE)	-9.97%	-15.93%	-2.19%
Cost of Revenue to Revenue	57.23%	51.27%	30.60%
SG&A Expenses to Revenue	13.68%	14.09%	19.11%
R&D to Revenue	0.00%	0.00%	0.00%
Operating Expenses to Revenue	70.81%	90.59%	74.22%
Earnings before Interest and Taxes (EBIT)	-185	-231	28
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-181	-224	42
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	2.26	2.93	1.75
Price to Tangible Book Value (P/TBV)	2.26	3.36	2.04
Price to Revenue (P/Rev)	4.45	5.39	3.76
Price to Earnings (P/E)	0.00	0.00	69.78
Dividend Yield	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	1.43%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	2.27	3.53	1.56
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	18.75
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	28.25
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	112.98	13.64
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00
Leverage & Solvency	-	-	-
Debt to Equity	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00
Financial Leverage	-1.10	-1.06	-1.02
Leverage Ratio	1.18	1.24	1.31
Compound Leverage Factor	1.18	1.24	1.31
Debt to Total Capital	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	100.00%	100.00%
Debt to EBITDA	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00
Altman Z-Score	7.31	6.33	3.39
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-
Current Ratio	6.18	4.13	3.37
Quick Ratio	5.95	3.93	3.23
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	-131	-343	-13
Operating Cash Flow to CapEx	-559.12%	166.82%	274.23%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00
Efficiency Ratios	-	-	-
Asset Turnover	0.42	0.40	0.33
Accounts Receivable Turnover	14.70	10.28	5.96
Inventory Turnover	0.00	0.00	0.00
Fixed Asset Turnover	87.37	51.61	18.01
Accounts Payable Turnover	131.94	132.87	159.37
Days Sales Outstanding (DSO)	24.83	35.51	61.23
Days Inventory Outstanding (DIO)	0.00	0.00	0.00
Days Payable Outstanding (DPO)	2.77	2.75	2.29
Cash Conversion Cycle (CCC)	22.07	32.77	58.94
Capital & Investment Metrics	-	-	-
Invested Capital	-160	-15	-26
Invested Capital Turnover	-4.94	-7.76	-24.91
Increase / (Decrease) in Invested Capital	-16	145	-11
Enterprise Value (EV)	1,698	2,384	793
Market Capitalization	3,331	3,643	1,904
Book Value per Share	$2.70	$2.38	$2.16
Tangible Book Value per Share	$2.70	$2.08	$1.85
Total Capital	1,473	1,243	1,085
Total Debt	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00
Net Debt	-1,633	-1,258	-1,111
Capital Expenditures (CapEx)	2.32	13	21
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-169	-206	-233
Debt-free Net Working Capital (DFNWC)	1,464	1,052	878
Net Working Capital (NWC)	1,464	1,052	878
Net Nonoperating Expense (NNE)	38	25	-51
Net Nonoperating Obligations (NNO)	-1,633	-1,258	-1,111
Total Depreciation and Amortization (D&A)	4.13	6.25	14
Debt-free, Cash-free Net Working Capital to Revenue	-22.54%	-30.48%	-45.88%
Debt-free Net Working Capital to Revenue	195.65%	155.60%	173.24%
Net Working Capital to Revenue	195.65%	155.60%	173.24%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic Shares Outstanding	545.40M	532.54M	511.07M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	545.40M	532.54M	518.85M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	538.58M	513.81M	504.32M
Normalized Net Operating Profit after Tax (NOPAT)	-147	-198	-24
Normalized NOPAT Margin	-19.63%	-29.30%	-4.69%
Pre Tax Income Margin	-24.71%	-34.10%	5.54%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00
Payout Ratios	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%
Augmented Payout Ratio	-42.29%	-85.40%	565.93%

This table displays calculated financial ratios and metrics derived from Marqeta's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	45.71%	31.14%	30.85%	23.80%	-43.17%	-41.70%	-45.72%	-45.80%	17.52%	14.28%
EBITDA Growth	-16.72%	31.36%	-25.04%	-31.16%	-5.26%	-48.81%	55.37%	312.81%	54.60%	41.45%
EBIT Growth	-16.34%	31.21%	-24.30%	-30.60%	-2.99%	-60.14%	52.58%	303.31%	47.90%	35.45%
NOPAT Growth	-30.37%	-43.98%	-77.45%	-48.60%	-17.36%	-3.70%	42.98%	315.89%	39.52%	33.57%
Net Income Growth	-16.27%	28.48%	-13.54%	-31.57%	-3.43%	-53.36%	47.59%	302.58%	47.91%	32.83%
EPS Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Growth	11.41%	-73.16%	77.45%	-213.84%	1,140.29%	10.68%	104.04%	198.98%	-82.29%	49.83%
Free Cash Flow Firm Growth	-94.40%	0.00%	-276.15%	-2,470.21%	-4,792.76%	-749.07%	50.43%	159.99%	88.00%	91.81%
Invested Capital Growth	-44.06%	-11.41%	71.47%	86.82%	93.39%	90.72%	110.48%	-2.16%	-70.65%	-75.04%
Revenue Q/Q Growth	2.65%	6.36%	6.64%	6.34%	-52.88%	9.12%	-0.72%	6.19%	2.15%	6.11%
EBITDA Q/Q Growth	-18.88%	52.02%	-198.93%	23.08%	4.60%	32.16%	10.34%	466.74%	-120.35%	12.53%
EBIT Q/Q Growth	-18.36%	51.37%	-193.02%	22.57%	6.66%	24.38%	13.23%	431.95%	-123.92%	6.32%
NOPAT Q/Q Growth	-27.35%	8.69%	-60.95%	20.60%	-0.58%	19.32%	11.51%	400.63%	-128.18%	11.38%
Net Income Q/Q Growth	-18.98%	50.49%	-161.34%	14.54%	6.47%	26.58%	10.69%	430.31%	-124.05%	5.32%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	-117.32%	477.83%	-170.65%	-146.29%	258.24%	-59.80%	-97.42%	5,934.74%	-71.68%	239.99%
Free Cash Flow Firm Q/Q Growth	-45.83%	-640.57%	-566.01%	-21.54%	-7.25%	2.19%	61.11%	247.06%	-121.45%	33.21%
Invested Capital Q/Q Growth	-2.07%	-6.87%	79.17%	42.02%	48.83%	-50.10%	123.54%	-665.10%	14.53%	-53.95%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	41.80%	42.75%	41.02%	36.61%	66.59%	70.05%	71.34%	63.35%	70.43%	72.32%
EBITDA Margin	-27.20%	-12.27%	-34.40%	-24.88%	-50.38%	-31.32%	-28.28%	97.68%	-19.46%	-16.04%
Operating Margin	-31.05%	-26.65%	-40.23%	-30.04%	-64.12%	-47.41%	-42.26%	83.85%	-33.00%	-27.56%
EBIT Margin	-27.74%	-12.69%	-34.86%	-25.38%	-50.28%	-34.84%	-30.45%	95.20%	-22.29%	-19.68%
Profit (Net Income) Margin	-27.75%	-12.92%	-31.66%	-25.44%	-50.50%	-33.98%	-30.57%	95.08%	-22.38%	-19.97%
Tax Burden Percent	100.01%	101.82%	90.81%	100.24%	100.43%	97.51%	100.37%	99.87%	100.40%	101.47%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.13%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Equity (ROE)	-12.66%	-12.13%	-12.96%	-14.25%	-14.88%	-16.42%	-14.39%	-0.98%	1.17%	2.34%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-5,985.27%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	-10.92%	-5.27%	-15.62%	-12.31%	-22.66%	-14.02%	-10.54%	28.09%	-7.19%	-6.54%
Return on Assets (ROA)	-10.92%	-5.37%	-14.19%	-12.33%	-22.76%	-13.68%	-10.58%	28.05%	-7.22%	-6.63%
Return on Common Equity (ROCE)	-12.66%	-12.13%	-12.96%	-14.25%	-14.88%	-16.42%	-14.39%	-0.98%	1.17%	2.34%
Return on Equity Simple (ROE_SIMPLE)	-12.91%	0.00%	-13.46%	-15.09%	-16.13%	0.00%	-15.71%	-1.08%	1.28%	0.00%
Net Operating Profit after Tax (NOPAT)	-42	-38	-61	-49	-49	-39	-35	105	-30	-26
NOPAT Margin	-21.73%	-18.66%	-28.16%	-21.03%	-44.89%	-33.19%	-29.58%	83.75%	-23.10%	-19.29%
Net Nonoperating Expense Percent (NNEP)	-0.69%	0.70%	-0.49%	-0.66%	-0.41%	-0.07%	-0.09%	1.11%	0.08%	-0.08%
Return On Investment Capital (ROIC_SIMPLE)	-	-2.58%	-	-	-	-3.17%	-	-	-	-2.41%
Cost of Revenue to Revenue	58.20%	57.25%	58.98%	112.51%	33.41%	-65.59%	28.66%	119.01%	29.57%	-48.29%
SG&A Expenses to Revenue	16.16%	12.98%	11.62%	10.01%	20.17%	20.97%	17.71%	18.36%	19.69%	20.49%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	72.85%	69.40%	81.25%	17.53%	130.71%	213.00%	113.60%	-102.86%	103.44%	175.86%
Earnings before Interest and Taxes (EBIT)	-53	-26	-76	-59	-55	-41	-36	119	-29	-27
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-52	-25	-75	-58	-55	-37	-33	122	-25	-22
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.58	2.26	1.72	1.92	2.45	2.93	2.53	2.49	2.28	1.75
Price to Tangible Book Value (P/TBV)	2.58	2.26	1.88	2.11	2.71	3.36	2.91	2.88	2.66	2.04
Price to Revenue (P/Rev)	5.58	4.45	3.08	3.12	4.17	5.39	5.31	6.03	5.10	3.76
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	178.26	69.78
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.56%	1.43%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	0.00	0.00	532.47	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	3.21	2.27	1.24	1.47	2.45	3.53	3.22	3.56	2.83	1.56
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	51.66	18.75
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	103.63	28.25
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	81.02	0.00	42.78	0.00	95.75	112.98	57.84	20.02	27.81	13.64
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-1.08	-1.10	-1.05	-1.06	-1.06	-1.06	-1.01	-1.02	-1.01	-1.02
Leverage Ratio	1.15	1.18	1.20	1.20	1.20	1.24	1.26	1.27	1.27	1.31
Compound Leverage Factor	1.15	1.18	1.20	1.20	1.20	1.24	1.26	1.27	1.27	1.31
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	9.80	7.61	4.97	5.39	6.69	6.72	5.58	5.56	4.68	3.26
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	6.97	6.18	4.86	4.76	4.74	4.13	3.98	3.77	3.66	3.37
Quick Ratio	6.74	5.95	4.70	4.60	4.54	3.93	3.77	3.59	3.53	3.23
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	4.01	-22	-144	-176	-188	-184	-72	105	-23	-15
Operating Cash Flow to CapEx	-474.88%	2,411.63%	-292.21%	-752.00%	1,306.07%	676.85%	6.56%	416.93%	169.52%	582.06%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.39	0.42	0.45	0.48	0.45	0.40	0.35	0.30	0.32	0.33
Accounts Receivable Turnover	16.05	14.70	12.49	16.28	16.90	10.28	7.64	6.61	7.95	5.96
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	76.81	87.37	80.83	73.47	60.77	51.61	29.73	19.90	18.56	18.01
Accounts Payable Turnover	107.51	131.94	198.76	331.49	243.38	132.87	129.48	43.47	104.50	159.37
Days Sales Outstanding (DSO)	22.75	24.83	29.23	22.42	21.60	35.51	47.76	55.20	45.91	61.23
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	3.40	2.77	1.84	1.10	1.50	2.75	2.82	8.40	3.49	2.29
Cash Conversion Cycle (CCC)	19.35	22.07	27.39	21.32	20.10	32.77	44.94	46.80	42.42	58.94
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	-149	-160	-33	-19	-9.86	-15	3.48	-20	-17	-26
Invested Capital Turnover	-5.53	-4.94	-10.68	-10.20	-9.56	-7.76	-38.77	-24.18	-36.72	-24.91
Increase / (Decrease) in Invested Capital	-46	-16	83	127	139	145	37	-0.42	-6.97	-11
Enterprise Value (EV)	2,246	1,698	994	1,241	1,868	2,384	1,855	1,677	1,389	793
Market Capitalization	3,908	3,331	2,461	2,633	3,173	3,643	3,062	2,839	2,501	1,904
Book Value per Share	$2.76	$2.70	$2.66	$2.54	$2.44	$2.38	$2.36	$2.20	$2.16	$2.16
Tangible Book Value per Share	$2.76	$2.70	$2.43	$2.31	$2.21	$2.08	$2.05	$1.90	$1.85	$1.85
Total Capital	1,512	1,473	1,434	1,373	1,295	1,243	1,211	1,142	1,096	1,085
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-1,662	-1,633	-1,467	-1,392	-1,305	-1,258	-1,207	-1,162	-1,112	-1,111
Capital Expenditures (CapEx)	0.83	0.62	3.61	3.45	3.15	2.44	6.50	6.17	4.30	4.25
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-161	-169	-208	-196	-195	-206	-198	-227	-225	-233
Debt-free Net Working Capital (DFNWC)	1,493	1,464	1,259	1,195	1,110	1,052	1,010	935	888	878
Net Working Capital (NWC)	1,493	1,464	1,259	1,195	1,110	1,052	1,010	935	888	878
Net Nonoperating Expense (NNE)	12	-12	7.60	10	6.11	0.94	1.16	-14	-0.92	0.92
Net Nonoperating Obligations (NNO)	-1,662	-1,633	-1,467	-1,392	-1,305	-1,258	-1,207	-1,162	-1,112	-1,111
Total Depreciation and Amortization (D&A)	1.05	0.85	1.01	1.16	-0.11	4.19	2.56	3.11	3.62	4.94
Debt-free, Cash-free Net Working Capital to Revenue	-23.02%	-22.54%	-26.04%	-23.27%	-25.57%	-30.48%	-34.26%	-48.20%	-45.89%	-45.88%
Debt-free Net Working Capital to Revenue	213.30%	195.65%	157.45%	141.66%	145.88%	155.60%	175.03%	198.55%	181.13%	173.24%
Net Working Capital to Revenue	213.30%	195.65%	157.45%	141.66%	145.88%	155.60%	175.03%	198.55%	181.13%	173.24%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic Shares Outstanding	548.99M	545.40M	539.74M	538.27M	529.49M	532.54M	517.99M	515.96M	507.16M	511.07M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	548.99M	545.40M	539.74M	538.27M	529.49M	532.54M	517.99M	524.40M	507.16M	518.85M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	545.10M	538.58M	540.63M	530.60M	521.85M	513.81M	518.11M	508.37M	502.39M	504.32M
Normalized Net Operating Profit after Tax (NOPAT)	-42	-38	-61	-49	-49	-39	-35	105	-30	-26
Normalized NOPAT Margin	-21.73%	-18.66%	-28.16%	-21.03%	-44.89%	-33.19%	-29.58%	83.75%	-23.10%	-19.29%
Pre Tax Income Margin	-27.74%	-12.69%	-34.86%	-25.38%	-50.28%	-34.84%	-30.45%	95.20%	-22.29%	-19.68%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	-7.34%	-42.29%	-51.80%	-70.12%	-94.27%	-85.40%	-106.33%	-1,741.71%	1,401.32%	565.93%

Frequently Asked Questions About Marqeta's Financials

When does Marqeta's fiscal year end?

According to the most recent income statement we have on file, Marqeta's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Marqeta's net income changed over the last 2 years?

Marqeta's net income appears to be on a downward trend, with a most recent value of $27.29 million in 2024, falling from -$184.78 million in 2022. The previous period was -$222.96 million in 2023.

What is Marqeta's operating income?

Marqeta's total operating income in 2024 was -$24.47 million, based on the following breakdown:

Total Gross Profit: $351.85 million
Total Operating Expenses: $376.32 million

How has Marqeta revenue changed over the last 2 years?

Over the last 2 years, Marqeta's total revenue changed from $748.21 million in 2022 to $507.00 million in 2024, a change of -32.2%.

How much debt does Marqeta have?

Marqeta's total liabilities were at $378.19 million at the end of 2024, a 9.2% increase from 2023, and a 27.2% increase since 2022.

How much cash does Marqeta have?

In the past 2 years, Marqeta's cash and equivalents has ranged from $923.02 million in 2024 to $1.18 billion in 2022, and is currently $923.02 million as of their latest financial filing in 2024.

How has Marqeta's book value per share changed over the last 2 years?

Over the last 2 years, Marqeta's book value per share changed from 2.70 in 2022 to 2.16 in 2024, a change of -20.1%.

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This page (NASDAQ:MQ) was last updated on 4/15/2025 by MarketBeat.com Staff

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Marqeta (MQ) Financials

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