MQ Q3 2023 Earnings — Marqeta, Inc. Revenue & Financial Results | Market Cap Arena

MQMarqeta, Inc.

$2B

Q3 2023 Earnings

Technology Software - Infrastructure

Income Statement

Revenue

$109M-43.2% YoY

Gross Profit

$73M66.6% margin

Operating Income

-$70M-64.1% margin

Net Income

-$55M-50.5% margin

EPS (Diluted)

$-0.10

QoQ Revenue Growth

-52.9%

Cash Flow

Operating Cash Flow

$41M

Free Cash Flow

$38M

Stock-Based Comp.

$32M

Balance Sheet

Total Assets

$1.6B

Total Liabilities

$308M

Stockholders' Equity

$1.3B

Cash & Equivalents

$948M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$109M	$192M	-43.2%
Gross Profit	$73M	$80M	-9.5%
Operating Income	-$70M	-$59M	-17.4%
Net Income	-$55M	-$53M	-3.4%

Revenue Segments

Platform Service Revenue, Net

$104M96%

Other Services Revenue

$5M4%