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MQ (Marqeta, Inc.) Stock Financials & Earnings | Market Cap Arena
MQ
Marqeta, Inc.
Mkt Cap
$2B
Technology
·
Software - Infrastructure
·
🇺🇸 United States
·
NASDAQ
Revenue (TTM)
$625M
Net Income (TTM)
-$14M
EPS (TTM)
-$0.03
Free Cash Flow (TTM)
$120M
Gross Margin
70.0%
Op. Margin
-7.4%
Net Margin
-2.2%
FCF Margin
19.1%
P/S Ratio (TTM)
2.9x
P/E Ratio (TTM)
—
YoY Rev Growth
+23.3%
Employees
—
Earnings Reports
▶
Q4 2025
Browse All Reports
Quarterly
FY
Revenue & Profitability
Revenue
Gross Profit
Operating Income
Quarter
Revenue
Gross Profit
Op. Income
Q1 23
$217M
$89M
-$87M
Q2 23
$231M
$85M
-$69M
Q3 23
$109M
$73M
-$70M
Q4 23
$119M
$83M
-$56M
Q1 24
$118M
$84M
-$50M
Q2 24
$125M
$79M
$105M
Q3 24
$128M
$90M
-$42M
Q4 24
$136M
$98M
-$37M
Q1 25
$139M
$99M
-$19M
Q2 25
$150M
$104M
-$9M
Q3 25
$163M
$115M
-$10M
Q4 25
$172M
$120M
-$8M
marketcaparena.com
Valuation
P/S Ratio
P/E Ratio
Quarter
P/S
P/E
Q1 23
2.3x
—
Q2 23
2.2x
—
Q3 23
2.4x
—
Q4 23
2.7x
—
Q1 24
3.1x
—
Q2 24
3.9x
—
Q3 24
3.7x
129.4x
Q4 24
3.6x
66.5x
Q1 25
3.4x
33.0x
Q2 25
3.3x
—
Q3 25
3.1x
—
Q4 25
2.9x
—
marketcaparena.com
Operating Cash Flow
Operating Cash Flow
Free Cash Flow
Quarter
Operating CF
Free CF
Q1 23
-$11M
-$14M
Q2 23
-$26M
-$29M
Q3 23
$41M
$38M
Q4 23
$17M
$14M
Q1 24
$426K
-$6M
Q2 24
$26M
$20M
Q3 24
$7M
$3M
Q4 24
$25M
$21M
Q1 25
$10M
$3M
Q2 25
$13M
$5M
Q3 25
$87M
$79M
Q4 25
$53M
$34M
marketcaparena.com
Capital Expenditures
CapEx
Quarter
CapEx
Q1 23
$4M
Q2 23
$3M
Q3 23
$3M
Q4 23
$2M
Q1 24
$6M
Q2 24
$6M
Q3 24
$4M
Q4 24
$4M
Q1 25
$7M
Q2 25
$8M
Q3 25
$8M
Q4 25
$20M
marketcaparena.com
OpEx vs Revenue Growth (YoY)
Revenue Growth
OpEx Growth
Quarter
Revenue Growth
OpEx Growth
Q1 23
+30.8%
+41.5%
Q2 23
+23.8%
+28.8%
Q3 23
-43.2%
-28.8%
Q4 23
-41.7%
-32.1%
Q1 24
-45.7%
-44.9%
Q2 24
-45.8%
-93.3%
Q3 24
+17.5%
-4.8%
Q4 24
+14.3%
-1.1%
Q1 25
+17.9%
-6.1%
Q2 25
+20.1%
+689.1%
Q3 25
+27.6%
+2.0%
Q4 25
+26.7%
+4.2%
marketcaparena.com
Stock-Based Compensation
SBC ($)
% of Revenue
Quarter
SBC ($)
% of Revenue
Q1 23
$46M
21.2%
Q2 23
$18M
7.7%
Q3 23
$32M
29.5%
Q4 23
$45M
37.9%
Q1 24
$31M
26.5%
Q2 24
$36M
29.0%
Q3 24
$36M
27.9%
Q4 24
$33M
24.5%
Q1 25
$26M
18.6%
Q2 25
$27M
18.0%
Q3 25
$26M
15.7%
Q4 25
$26M
15.2%
marketcaparena.com
OpEx Breakdown
R&D
G&A
S&M
Quarter
R&D
G&A
S&M
Q1 23
—
$154M
$441K
Q2 23
—
$133M
$561K
Q3 23
—
$121M
$346K
Q4 23
—
$117M
$1M
Q1 24
—
$113M
$378K
Q2 24
—
—
$728K
Q3 24
—
$107M
$582K
Q4 24
—
$108M
$1M
Q1 25
—
$93M
$469K
Q2 25
—
$86M
$711K
Q3 25
$17M
$6M
$895K
Q4 25
—
$174M
—
marketcaparena.com
Rule of 40
Rule of 40
Quarter
Rev Growth %
EBITDA Margin %
Rule of 40
Q1 23
30.8%
-39.3%
-8.5
Q2 23
23.8%
-29.0%
-5.2
Q3 23
-43.2%
-61.3%
-104.4
Q4 23
-41.7%
-44.8%
-86.5
Q1 24
-45.7%
-39.3%
-85.0
Q2 24
-45.8%
87.0%
41.2
Q3 24
17.5%
-18.8%
-1.3
Q4 24
14.3%
-23.5%
-9.2
Q1 25
17.9%
-9.5%
8.4
Q2 25
20.1%
-1.7%
18.3
Q3 25
27.6%
4.2%
31.8
Q4 25
26.7%
2.0%
28.8
marketcaparena.com
Revenue Segments
Other Services Revenue
Platform Service Revenue, Net
Quarter
Other Services Revenue
Platform Service Revenue, Net
Q1 23
$7M
$210M
Q2 23
$5M
$226M
Q3 23
$5M
$104M
Q4 23
$5M
$114M
Q1 24
$4M
$114M
Q2 24
$6M
$119M
Q3 24
$6M
$122M
Q1 25
$7M
$132M
Q2 25
$7M
$143M
Q3 25
$8M
$156M
Q4 25
$9M
$163M
marketcaparena.com
War Chest
Cash & Equivalents
Short-Term Investments
Quarter
Cash
Short-term Investments
Total
Q1 23
$1.1B
$409M
$1.5B
Q2 23
$950M
$432M
$1.4B
Q3 23
$948M
$349M
$1.3B
Q4 23
$981M
$269M
$1.2B
Q1 24
$970M
$228M
$1.2B
Q2 24
$925M
$229M
$1.2B
Q3 24
$886M
$218M
$1.1B
Q4 24
$923M
$179M
$1.1B
Q1 25
$831M
$158M
$988M
Q2 25
$733M
$89M
$822M
Q3 25
$747M
$83M
$830M
Q4 25
$982M
$98M
$1.1B
marketcaparena.com
Shares Outstanding
Shares Outstanding
Quarter
Shares (Diluted)
QoQ Change
Q1 23
540M
-0.9%
Q2 23
538M
-0.3%
Q3 23
529M
-1.6%
Q4 23
522M
-1.4%
Q1 24
518M
-0.8%
Q2 24
524M
+1.2%
Q3 24
507M
-3.3%
Q4 24
503M
-0.8%
Q1 25
501M
-0.3%
Q2 25
462M
-7.9%
Q3 25
449M
-2.8%
Q4 25
462M
+3.0%
marketcaparena.com
Revenue Per Employee
Revenue / Employee
Year
Revenue/Employee
Employees
FY 19
—
—
FY 20
—
—
FY 21
$655K
789
FY 22
$781K
958
FY 23
$877K
771
FY 24
$594K
854
FY 25
$666K
938
marketcaparena.com