MQ Q3 2024 Earnings — Marqeta, Inc. Revenue & Financial Results | Market Cap Arena

MQMarqeta, Inc.

$2B

Q3 2024 Earnings

Technology Software - Infrastructure

Income Statement

Revenue

$128M+17.5% YoY

Gross Profit

$90M70.4% margin

Operating Income

-$42M-33.0% margin

Net Income

-$29M-22.4% margin

EPS (Diluted)

$-0.06

QoQ Revenue Growth

+2.2%

Cash Flow

Operating Cash Flow

$7M

Free Cash Flow

$3M

Stock-Based Comp.

$36M

Balance Sheet

Total Assets

$1.4B

Total Liabilities

$340M

Stockholders' Equity

$1.1B

Cash & Equivalents

$886M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$128M	$109M	+17.5%
Gross Profit	$90M	$73M	+24.3%
Operating Income	-$42M	-$70M	+39.5%
Net Income	-$29M	-$55M	+47.9%

Revenue Segments

Platform Service Revenue, Net

$122M95%

Other Services Revenue

$6M5%