SequelSEC

Marqeta, Inc. MQ

Services-Prepackaged Software · CIK 0001522540 · Fiscal year ends 1231

AnnualQuarterlyTTM
Revenue
$624.88M
Fiscal year ended 2025-12-31
Operating income
-$46.43M
Fiscal year ended 2025-12-31
Free cash flow
$160.79M
Fiscal year ended 2025-12-31

Marqeta, Inc. (MQ) reported revenue of $624.88M and net income of -$13.92M for the fiscal year ended 2025-12-31. This page shows 7 annual periods of income statement, balance sheet and cash flow figures normalized from Marqeta, Inc.’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Services-Prepackaged Software.

Income

Marqeta, Inc. income by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
Revenue$624.88M$507.00M$676.17M$748.21M$517.18M$290.29M$143.27M
Cost of revenue$187.61M$155.15M$346.66M$428.20M$285.47M$172.38M$82.81M
Gross profit$437.27M$351.85M$329.51M$320.00M$231.70M$117.91M$60.45M
Operating income-$46.43M-$24.47M-$283.02M-$209.81M-$162.01M-$47.09M-$58.86M
Net income-$13.92M$27.29M-$222.96M-$184.78M-$163.93M-$47.70M-$58.20M
Research & developmentUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Weighted-average diluted sharesshares 462.17Mshares 518.84Mshares 532.54Mshares 545.40Mshares 362.76Mshares 122.93Mshares 113.85M
Pretax income-$13.33M$28.08M-$230.58M-$184.88M-$164.57M-$47.61M-$58.16M
Income tax expense$596.00K$793.00K-$7.61M-$102.00K-$640.00K$87.00K$35.00K
Diluted EPSUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Selling, general & administrativeUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
General & administrativeUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Selling & marketingUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Balance

Marqeta, Inc. balance by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
Cash & equivalents$709.44M$923.02M$980.97M$1.18B$1.25B$220.43M$60.34M
Total assets$1.53B$1.46B$1.59B$1.77B$1.83B$457.68MUnavailable
Current assets$1.24B$1.25B$1.39B$1.75B$1.80B$430.91MUnavailable
Total liabilities$763.08M$378.19M$346.30M$297.39M$256.95M$169.52MUnavailable
Current liabilities$749.06M$370.98M$336.58M$282.88M$237.97M$141.10MUnavailable
Total equity incl. NCI$761.96M$1.09B$1.24B$1.47B$1.57B-$213.72M-$198.41M
Temporary (mezzanine) equityUnavailableUnavailableUnavailable$0$0$501.88M$335.75M
InventoryUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Accounts receivable$41.42M$29.99M$19.54M$15.57M$13.19M$8.42MUnavailable
Goodwill$154.71M$123.52M$123.52M$0UnavailableUnavailableUnavailable
Long-term debtUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Accounts payableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Cash flow

Marqeta, Inc. cash flow by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
Operating cash flow$162.62M$58.17M$21.10M-$12.97M$56.97M$50.27M-$15.43M
Capital expenditures$1.84M$2.42M$762.00K$2.32M$2.74M$2.38M$4.91M
Investing cash flow$271.11M$70.79M$38.52M$28.72M-$329.12M-$57.56M-$100.32M
Financing cash flow-$347.32M-$186.91M-$261.79M-$79.49M$1.30B$167.38M$139.05M
Net change in cash$86.42M-$57.96M-$202.17M-$63.74M$1.03B$160.09M$23.30M
Stock-based compensation$104.79M$136.56M$127.52M$107.53M$142.66M$28.21M$21.76M
Common dividends paidUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Common share repurchases$391.37M$154.42M$190.42M$78.14M$0$0Unavailable
Depreciation & amortization$27.16M$17.46M$10.74M$3.85M$3.53M$3.50M$3.08M

Derived

Marqeta, Inc. derived by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
Free cash flow$160.79M$55.75M$20.34M-$15.28M$54.23M$47.90M-$20.34M
Gross margin70.0%69.4%48.7%42.8%44.8%40.6%42.2%
Operating margin-7.4%-4.8%-41.9%-28.0%-31.3%-16.2%-41.1%
FCF margin25.7%11.0%3.0%-2.0%10.5%16.5%-14.2%
SBC / revenue16.8%26.9%18.9%14.4%27.6%9.7%15.2%
Current ratio1.65x3.37x4.13x6.17x7.56x3.05xUnavailable
Revenue YoY growth23.3%-25.0%-9.6%44.7%78.2%102.6%Unavailable
Net margin-2.2%5.4%-33.0%-24.7%-31.7%-16.4%-40.6%
R&D / revenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
CapEx / revenue0.3%0.5%0.1%0.3%0.5%0.8%3.4%
Long-term debt / equityUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Effective tax rateUnavailable2.8%UnavailableUnavailableUnavailableUnavailableUnavailable

Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open MQ in the interactive workspace to inspect any figure back to its filing.

Source filings

10-Q · Filed 2026-08-04View SEC filing
10-Q · Filed 2026-05-05View SEC filing
10-K · Filed 2026-02-24View SEC filing
10-Q · Filed 2025-11-05View SEC filing
10-Q · Filed 2025-08-06View SEC filing
10-Q · Filed 2025-05-07View SEC filing

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Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.