MQ Q2 2023 Earnings — Marqeta, Inc. Revenue & Financial Results | Market Cap Arena

MQMarqeta, Inc.

$2B

Q2 2023 Earnings

Technology Software - Infrastructure

Income Statement

Revenue

$231M+23.8% YoY

Gross Profit

$85M36.6% margin

Operating Income

-$69M-30.0% margin

Net Income

-$59M-25.4% margin

EPS (Diluted)

$-0.11

QoQ Revenue Growth

+6.3%

Cash Flow

Operating Cash Flow

-$26M

Free Cash Flow

-$29M

Stock-Based Comp.

$18M

Balance Sheet

Total Assets

$1.7B

Total Liabilities

$332M

Stockholders' Equity

$1.4B

Cash & Equivalents

$950M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$231M	$187M	+23.8%
Gross Profit	$85M	$78M	+8.4%
Operating Income	-$69M	-$47M	-48.6%
Net Income	-$59M	-$45M	-31.6%

Revenue Segments

Platform Service Revenue, Net

$226M98%

Other Services Revenue

$5M2%