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Marqeta, Inc. MQ R2K

Technology · Software - Infrastructure · United States
https://www.marqeta.com

Marqeta, Inc. operates a cloud-based open API platform for card issuing and transaction processing services in the United States. The company's platform also provides processor services, bank and network management, program management, and value added services; card issuing, such as debit, prepaid, credit, virtual, and physical cards; UI/UX; access to a suite of bank account and money movement features, including savings accounts, demand deposit accounts, direct deposit with early pay, ACH, cash loads, and fee-free ATMs, bill pay, and instant funding capabilities; Marqeta Dashboard, a self-service portal to access and manage all aspects of card program; TransactPay; Marqeta Hub for consumers, buy now, pay later (BNPL) providers, and card issuers; and credit capabilities, as well as Portfolio Migration which simplifies upgrading existing card programs into its platform. It offers its solutions in various verticals, including financial services, on-demand services, lending, expense management, and e-commerce enablement, as well as BNPL providers. Marqeta, Inc. was incorporated in 2010 and is headquartered in Oakland, California.

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$4.06
-24.54% 1Y

Market & Price

Market Cap
$1.72B
Current Price
$4.06
High / Low (52W)
$6.83 / $3.81
Beta
1.35

Valuation

Stock P/E
406.00
Industry PE
32.74
Forward P/E
38.64
PEG Ratio
1.50
Book Value
$1.74
Price to Book
2.33
P/S
2.64
EV/EBITDA
608.54
Dividend Yield
-

Profitability & Returns

ROCE
-5.98%
ROE
0.25%
ROA
-0.99%
Profit Margin
0.33%
Op Margin
1.77%
EPS (Latest Qtr)
$0.02
EPS (TTM)
$0.01

Balance Sheet & Liquidity

Debt/Equity
0.99
Quick Ratio
1.23
Current Ratio
1.65
Debt
$7.37M
Total Assets
$1.53B
Current Assets
$1.24B
Working Capital
$486.26M

Ownership

Promoter Holding
5.82%
Chg in Prom Hold
-
FII / Inst Holding
83.40%
Chg in FII Hold
-

Financial Snapshot

Enterprise Value
$1.02B
Total Revenue (TTM)
$651.61M
EBITDA
$1.67M
Free Cash Flow
$116.24M
Operating Cash Flow
$149.27M
Shares Outstanding
391.22M
Gross Margin
70.01%
Payout Ratio
0.00%

Growth (CAGR)

Revenue 5Y
-5.83%
Profit 5Y
30.82%
Revenue (YoY)
19.20%
Earnings (YoY)
-

PROS

  • Profit CAGR of 30.8% over 5 years.
  • Generates positive free cash flow.

CONS

  • Trading at a high P/E of 406.0.
  • Revenue declined at -5.8% CAGR over 5 years.
  • Trading 40.6% below its 52-week high.
  • In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Technology).

#NameCMP $P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 MQ Marqeta, Inc. R2K 4.06 406.00 $1.72B - -5.98% 0.25% -5.83% 30.82%
2 NVDA NVIDIA Corporation NDXSPXAI 211.14 32.38 $5.11T 0.47% 81.14% 114.29% 100.05% 201.80%
3 AAPL Apple Inc. NDXSPX 312.06 37.73 $4.58T 0.35% 68.72% 141.47% 1.81% 3.92%
4 MSFT Microsoft Corporation NDXSPXAI 450.24 26.82 $3.34T 0.81% 26.37% 34.01% 12.42% 11.87%
5 TSM Taiwan Semiconductor Manufacturing Company Limited AI 418.45 35.86 $2.17T 0.91% 32.04% 36.21% 18.94% 19.57%
6 MU Micron Technology, Inc. NDXSPXAI 971.00 45.87 $1.10T 0.06% 14.20% 39.82% 6.71% -0.57%
7 AMD Advanced Micro Devices, Inc. NDXSPXAI 516.10 172.61 $841.55B - 6.33% 8.06% 13.64% 48.64%
8 ORCL Oracle Corporation SPXAI 225.78 40.46 $649.35B 0.89% 13.07% 57.57% 10.59% 22.81%
9 ASML ASML Holding N.V. NDXAI 1,612.76 53.76 $621.59B 0.54% 43.81% 52.24% 15.55% 19.55%
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Quarterly Results

Figures in USD.

Metric Mar 2020Jun 2020Sep 2020Mar 2021Jun 2021Sep 2021Mar 2022Jun 2022Sep 2022Mar 2023Jun 2023Sep 2023Mar 2024Jun 2024Sep 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue -69.40M84.31M107.98M122.27M131.51M166.10M186.68M191.62M217.34M231.12M108.89M117.97M125.27M127.97M139.07M150.39M163.31M172.11M165.80M
Cost of Revenue ---------------40.39M46.33M48.75M52.14M48.21M
Gross Profit -27.62M35.28M49.86M46.98M59.07M74.73M78.05M80.10M89.16M84.61M72.51M84.16M79.35M90.13M98.68M104.06M114.56M119.97M117.59M
Operating Expenses ---------------117.22M113.29M124.93M128.27M115.50M
Operating Income --6.80M-12.17M-10.65M-67.99M-45.64M-49.27M-46.72M-59.50M-87.43M-69.42M-69.83M-49.85M105.04M-42.23M-18.54M-9.23M-10.37M-8.29M2.09M
EBITDA ----------------13.21M-2.58M-3.35M-134.00K10.95M
Interest Expense --------------------
Pretax Income ----------------8.03M-441.00K-3.13M-1.74M8.03M
Tax Provision ---------------235.00K206.00K498.00K-343.00K193.00K
Net Income -14.53M-7.11M-12.30M-12.84M-68.55M-45.73M-60.60M-44.69M-53.17M-68.80M-58.80M-54.99M-36.06M119.11M-28.64M-8.26M-647.00K-3.62M-1.39M7.83M
Diluted EPS ----------------0.020.00-0.010.000.02

Profit & Loss (Annual)

Figures in USD.

Metric Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Revenue 143.27M290.29M-748.21M676.17M507.00M624.88M
Cost of Revenue ---428.20M346.66M155.15M187.61M
Gross Profit 60.45M117.91M-320.00M329.51M351.85M437.27M
Operating Expenses ---529.81M612.53M376.31M483.70M
Operating Income -58.86M-47.09M--209.81M-283.01M-24.47M-46.43M
EBITDA ----205.96M-272.27M-7.01M-19.27M
Interest Expense -------
Pretax Income ----184.88M-230.57M28.08M-13.33M
Tax Provision ----102.00K-7.61M793.00K596.00K
Net Income -58.20M-47.70M--184.78M-222.96M27.29M-13.93M
Diluted EPS ---0.45-0.34-0.420.05-

Compounded Sales Growth

5 Years:-5.83%
1 Year:19.20%

Compounded Profit Growth

5 Years:30.82%
1 Year:-

Stock Price Performance

1 Year:-24.54%
6 Months:-14.16%
3 Months:+5.73%
1 Month:-8.14%

Balance Sheet (Annual)

Figures in USD.

Metric Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Total Assets --457.68M-1.77B1.59B1.46B1.53B
Current Assets ----1.75B1.39B1.25B1.24B
Cash & Equivalents -60.34M220.43M-1.18B980.97M923.02M709.44M
Inventory ----5.15M4.31M3.68M1.95M
Receivables ----15.57M19.54M29.99M41.42M
Total Liabilities --169.52M-297.39M346.30M378.19M763.08M
Current Liabilities --141.10M-282.88M336.58M370.99M749.06M
Long Term Debt --------
Total Debt ----12.43M16.93M13.22M16.28M
Total Equity -84.91M-198.41M-213.72M-1.47B1.24B1.09B761.96M
Shares Outstanding ----541.36M520.34M504.30M432.26M

Cash Flows (Annual)

Figures in USD.

Metric Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Operating Cash Flow -15.43M50.27M--12.97M21.10M58.17M162.62M
Investing Cash Flow -100.32M-57.56M-28.72M38.52M70.79M271.11M
Financing Cash Flow 139.05M167.38M--79.49M-261.79M-186.91M-347.32M
Capital Expenditure -4.91M-2.38M--3.92M-12.65M-21.21M-30.26M
Free Cash Flow -20.34M47.90M--16.89M8.45M36.96M132.36M
Net Change in Cash ----63.73M-202.17M-57.96M86.42M
Share Buybacks -0078.14M190.42M154.43M391.37M

Ratios (Annual)

Figures in %.

Metric Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Gross Margin % 42.2%40.6%-42.8%48.7%69.4%70.0%
Operating Margin % -41.1%-16.2%--28.0%-41.9%-4.8%-7.4%
Net Margin % -40.6%-16.4%--24.7%-33.0%5.4%-2.2%
ROE % 29.3%22.3%--12.5%-17.9%2.5%-1.8%
ROCE % --14.9%--14.1%-22.6%-2.2%-6.0%

Shareholding Pattern

Insiders
5.82%
Institutions
83.40%
Public Float
88.55%

Top Institutional Holders

#Holder% HeldSharesValue
1 Price (T.Rowe) Associates Inc 13.59% 53.15M $215.79M
2 Blackrock Inc. 6.97% 27.27M $110.70M
3 T. Rowe Price Investment Management, Inc. 6.38% 24.97M $101.39M
4 Vanguard Portfolio Management LLC 4.33% 16.93M $68.74M
5 Vanguard Capital Management LLC 4.23% 16.53M $67.11M
6 Renaissance Technologies, LLC 2.96% 11.58M $47.02M
7 Wellington Management Group, LLP 2.60% 10.16M $41.25M
8 Geode Capital Management, LLC 2.40% 9.37M $38.04M
9 State Street Corporation 2.36% 9.24M $37.49M
10 Dimensional Fund Advisors LP 2.24% 8.78M $35.64M

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