MQ Q1 2023 Earnings — Marqeta, Inc. Revenue & Financial Results | Market Cap Arena

MQMarqeta, Inc.

$2B

Q1 2023 Earnings

Technology Software - Infrastructure

Income Statement

Revenue

$217M+30.8% YoY

Gross Profit

$89M41.0% margin

Operating Income

-$87M-40.2% margin

Net Income

-$69M-31.7% margin

EPS (Diluted)

$-0.13

QoQ Revenue Growth

+6.6%

Cash Flow

Operating Cash Flow

-$11M

Free Cash Flow

-$14M

Stock-Based Comp.

$46M

Balance Sheet

Total Assets

$1.8B

Total Liabilities

$341M

Stockholders' Equity

$1.4B

Cash & Equivalents

$1.1B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$217M	$166M	+30.8%
Gross Profit	$89M	$75M	+19.3%
Operating Income	-$87M	-$49M	-77.4%
Net Income	-$69M	-$61M	-13.5%

Revenue Segments

Platform Service Revenue, Net

$210M97%

Other Services Revenue

$7M3%