MQ Q1 2024 Earnings — Marqeta, Inc. Revenue & Financial Results | Market Cap Arena

MQMarqeta, Inc.

$2B

Q1 2024 Earnings

Technology Software - Infrastructure

Income Statement

Revenue

$118M-45.7% YoY

Gross Profit

$84M71.3% margin

Operating Income

-$50M-42.3% margin

Net Income

-$36M-30.6% margin

EPS (Diluted)

$-0.07

QoQ Revenue Growth

-0.7%

Cash Flow

Operating Cash Flow

$426,000

Free Cash Flow

-$6M

Stock-Based Comp.

$31M

Balance Sheet

Total Assets

$1.6B

Total Liabilities

$348M

Stockholders' Equity

$1.2B

Cash & Equivalents

$970M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$118M	$217M	-45.7%
Gross Profit	$84M	$89M	-5.6%
Operating Income	-$50M	-$87M	+43.0%
Net Income	-$36M	-$69M	+47.6%

Revenue Segments

Platform Service Revenue, Net

$114M97%

Other Services Revenue

$4M3%