A Business at a Glance
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Marqeta, Inc.
MQ
$7.9B
Mkt Cap
$17.07
+2.03%
Marqeta, Inc. (MQ) has a 5-year average return on invested capital (ROIC) of -10.4%. This is below average and may indicate limited pricing power.
Marqeta, Inc. (MQ) has a market capitalization of $7.4B. It is classified as a mid-cap stock.
Marqeta, Inc. (MQ) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 4.31%.
Marqeta, Inc. (MQ) operates in the Services-Prepackaged Software industry, within the Technology sector.
Marqeta, Inc. (MQ) reported annual revenue of $625 million in its most recent fiscal year, based on SEC EDGAR filings.
Marqeta, Inc. (MQ) has a net profit margin of -2.2%. The company is currently unprofitable.
Marqeta, Inc. (MQ) generated $161 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Our Business Marqeta’s mission is modernizing financial services by making the entire payment experience native and delightful. Marqeta’s modern platform empowers our customers to create customized and innovative payment card programs, giving them configurability and flexibility. When our customers come to us to build a payments solution, they are not just building a card, they are building a payments experience. Our platform encompasses debit, prepaid, and credit programs, and provides banking and money movement, risk management, and rewards products. We deliver a scaled solution to our customers to maximize the benefit of their card programs while also providing the tech layer that bridges the bank and the customer. Marqeta’s open APIs provide instant access to a highly scalable, cloud-based payment infrastructure that enables customers to embed the payments experience into apps or websites for a personalized user experience.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 652M | 625M | 507M | 676M | 748M | 517M |
| Net Income | 2.2M | -14M | 27M | -223M | -185M | -164M |
| EPS | $0.01 | $-0.03 | $0.05 | $-0.42 | $-0.34 | $-0.45 |
| Free Cash Flow | 147M | 161M | 56M | 20M | -15M | 54M |
| ROIC | -68.0% | -1.5% | 2.3% | -16.4% | -12.1% | -24.1% |
| Gross Margin | 70.0% | 70.0% | 69.4% | 48.7% | 42.8% | 44.8% |
| Debt/Equity | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | -26M | -46M | -24M | -283M | -210M | -162M |
| Operating Margin | -4.0% | -7.4% | -4.8% | -41.9% | -28.0% | -31.3% |
| ROE | 0.3% | -1.5% | 2.3% | -16.4% | -12.1% | -24.1% |
| Shares Outstanding | 434M | 464M | 546M | 531M | 543M | 364M |
| Metric | ||||||||
|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||
| Revenue | 143M | 290M | 517M | 748M | 676M | 507M | 625M | 652M |
| Gross Margin | 42.2% | 40.6% | 44.8% | 42.8% | 48.7% | 69.4% | 70.0% | 70.0% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 88M | 130M | 318M | 362M | 446M | 398M | 340M | 332M |
| EBIT | -59M | -47M | -162M | -210M | -283M | -24M | -46M | -26M |
| Op. Margin | -41.1% | -16.2% | -31.3% | -28.0% | -41.9% | -4.8% | -7.4% | -4.0% |
| Net Income | -122M | -48M | -164M | -185M | -223M | 27M | -14M | 2.2M |
| Net Margin | -85.4% | -16.4% | -31.7% | -24.7% | -33.0% | 5.4% | -2.2% | 0.3% |
| Non-Recurring | 0 | 0 | 0 | 12M | 8.7M | 0 | 0 | 0 |
| Returns on Capital | ||||||||
| ROIC | N/A | -10.3% | -24.1% | -12.1% | -16.4% | 2.3% | -1.5% | -68.0% |
| ROE | 86.4% | 23.1% | -24.1% | -12.1% | -16.4% | 2.3% | -1.5% | 0.3% |
| ROA | N/A | -20.6% | -14.3% | -10.3% | -13.3% | 1.8% | -0.9% | 0.1% |
| Cash Flow | ||||||||
| Op. Cash Flow | -15M | 50M | 57M | -13M | 21M | 58M | 163M | 149M |
| Free Cash Flow | -20M | 48M | 54M | -15M | 20M | 56M | 161M | 147M |
| Owner Earnings | -40M | 19M | -89M | -124M | -117M | -96M | 31M | 20M |
| CapEx | 4.9M | 2.4M | 2.7M | 2.3M | 762K | 2.4M | 1.8M | 1.8M |
| Maint. CapEx | 3.1M | 3.5M | 3.5M | 3.9M | 11M | 17M | 27M | 31M |
| Growth CapEx | 1.8M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 3.1M | 3.5M | 3.5M | 3.9M | 11M | 17M | 27M | 31M |
| CapEx/OCF | N/A | N/A | 4.8% | N/A | 3.6% | 4.2% | 1.1% | 1.2% |
| Capital Allocation | ||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 78M | 190M | 154M | 391M | 319M |
| Buyback Yield | 0.0% | N/A | N/A | 2.5% | 5.0% | 7.8% | 17.3% | 4.3% |
| Stock-Based Comp | 22M | 28M | 143M | 108M | 128M | 137M | 105M | 99M |
| Debt Repayment | 5.0M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | ||||||||
| Net Debt | N/A | -352M | -1.7B | -1.6B | -1.2B | -1.1B | -763M | -712M |
| Cash & Equiv. | 60M | 220M | 1.2B | 1.2B | 981M | 923M | 709M | 712M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt/Equity | N/A | -0.09 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 |
| Interest Coverage | N/A | N/A | N/A | N/A | N/A | N/A | -154.8 | -154.8 |
| Equity | -198M | -214M | 1.6B | 1.5B | 1.2B | 1.1B | 762M | 742M |
| Total Assets | N/A | 458M | 1.8B | 1.8B | 1.6B | 1.5B | 1.5B | 1.5B |
| Total Liabilities | N/A | 170M | 257M | 297M | 346M | 378M | 763M | 734M |
| Intangibles | N/A | N/A | N/A | 0 | 36M | 30M | 51M | 48M |
| Retained Earnings | N/A | -254M | -417M | -602M | -825M | -798M | -812M | -804M |
| Working Capital | N/A | 290M | 1.6B | 1.5B | 1.1B | 878M | 486M | 467M |
| Current Assets | N/A | 431M | 1.8B | 1.7B | 1.4B | 1.2B | 1.2B | 1.2B |
| Current Liabilities | N/A | 141M | 238M | 283M | 337M | 371M | 749M | 721M |
| Per Share Data | ||||||||
| EPS | -1.07 | -0.39 | -0.45 | -0.34 | -0.42 | 0.05 | -0.03 | 0.01 |
| Owner EPS | -0.35 | 0.15 | -0.24 | -0.23 | -0.22 | -0.18 | 0.07 | 0.05 |
| Book Value | -1.74 | -1.75 | 4.32 | 2.71 | 2.34 | 1.99 | 1.64 | 1.71 |
| Cash Flow/Share | -0.13 | 0.41 | 0.16 | -0.02 | 0.04 | 0.11 | 0.35 | 0.08 |
| Dividends/Share | 0.00 | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 114.3M | 122.3M | 364.3M | 543.5M | 530.9M | 545.7M | 464.2M | 433.6M |
| Valuation | ||||||||
| P/E Ratio | N/A | N/A | N/A | N/A | N/A | 73.0 | N/A | N/A |
| P/FCF | N/A | N/A | 113.7 | N/A | 186.3 | 35.7 | 14.0 | 50.2 |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price/Book | N/A | N/A | 3.9 | 2.1 | 3.0 | 1.8 | 3.0 | 10.0 |
| Price/Sales | N/A | N/A | 17.8 | 6.7 | 4.3 | 5.7 | 3.6 | 11.4 |
| FCF Yield | N/A | N/A | 0.9% | -0.5% | 0.5% | 2.8% | 7.1% | 2.0% |
| Market Cap | 0 | N/A | 6.2B | 3.1B | 3.8B | 2.0B | 2.3B | 7.4B |
| Avg. Price | 0.00 | N/A | 25.31 | 9.28 | 5.45 | 5.34 | 4.86 | 17.07 |
| Year-End Price | 0.00 | N/A | 16.92 | 5.70 | 7.14 | 3.65 | 4.86 | 17.07 |
Marqeta, Inc. passes 2 of 9 quality checks, indicating weak fundamentals.
On a free-cash-flow basis, the stock trades at 41.9x vs a median of 24.9x. The company's 5-year average gross margin is 55.1%. Total shareholder yield (buybacks) is 4.3%. At current prices, the estimated annualized return to fair value is -1.9%.
Marqeta, Inc. (MQ) has a debt-to-equity ratio of 0.01. This indicates a conservatively financed balance sheet.
Marqeta, Inc. (MQ) reported earnings per share (EPS) of $-0.03 in its most recent fiscal year.
Marqeta, Inc. (MQ) has a return on equity (ROE) of -1.5%. A negative ROE may indicate losses or negative equity.
Marqeta, Inc. (MQ) has a 5-year average gross margin of 55.1%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 7 years of financial data for Marqeta, Inc. (MQ), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Marqeta, Inc. (MQ) has a book value per share of $1.64, based on its most recent annual SEC filing.