Marqeta, Inc. MQ R2K
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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Valuation
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Growth (CAGR)
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
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
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).
| # | Name | CMP $ | P/E | Mkt Cap | Div 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% |
Quarterly Results
Figures in USD.
| Metric | Mar 2020 | Jun 2020 | Sep 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | 69.40M | 84.31M | 107.98M | 122.27M | 131.51M | 166.10M | 186.68M | 191.62M | 217.34M | 231.12M | 108.89M | 117.97M | 125.27M | 127.97M | 139.07M | 150.39M | 163.31M | 172.11M | 165.80M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 40.39M | 46.33M | 48.75M | 52.14M | 48.21M |
| Gross Profit | - | 27.62M | 35.28M | 49.86M | 46.98M | 59.07M | 74.73M | 78.05M | 80.10M | 89.16M | 84.61M | 72.51M | 84.16M | 79.35M | 90.13M | 98.68M | 104.06M | 114.56M | 119.97M | 117.59M |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 117.22M | 113.29M | 124.93M | 128.27M | 115.50M |
| Operating Income | - | -6.80M | -12.17M | -10.65M | -67.99M | -45.64M | -49.27M | -46.72M | -59.50M | -87.43M | -69.42M | -69.83M | -49.85M | 105.04M | -42.23M | -18.54M | -9.23M | -10.37M | -8.29M | 2.09M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -13.21M | -2.58M | -3.35M | -134.00K | 10.95M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -8.03M | -441.00K | -3.13M | -1.74M | 8.03M |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 235.00K | 206.00K | 498.00K | -343.00K | 193.00K |
| 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 | -36.06M | 119.11M | -28.64M | -8.26M | -647.00K | -3.62M | -1.39M | 7.83M |
| Diluted EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -0.02 | 0.00 | -0.01 | 0.00 | 0.02 |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | 143.27M | 290.29M | - | 748.21M | 676.17M | 507.00M | 624.88M |
| Cost of Revenue | - | - | - | 428.20M | 346.66M | 155.15M | 187.61M |
| Gross Profit | 60.45M | 117.91M | - | 320.00M | 329.51M | 351.85M | 437.27M |
| Operating Expenses | - | - | - | 529.81M | 612.53M | 376.31M | 483.70M |
| 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 | -230.57M | 28.08M | -13.33M |
| Tax Provision | - | - | - | -102.00K | -7.61M | 793.00K | 596.00K |
| Net Income | -58.20M | -47.70M | - | -184.78M | -222.96M | 27.29M | -13.93M |
| Diluted EPS | - | - | -0.45 | -0.34 | -0.42 | 0.05 | - |
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 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | - | - | 457.68M | - | 1.77B | 1.59B | 1.46B | 1.53B |
| Current Assets | - | - | - | - | 1.75B | 1.39B | 1.25B | 1.24B |
| Cash & Equivalents | - | 60.34M | 220.43M | - | 1.18B | 980.97M | 923.02M | 709.44M |
| Inventory | - | - | - | - | 5.15M | 4.31M | 3.68M | 1.95M |
| Receivables | - | - | - | - | 15.57M | 19.54M | 29.99M | 41.42M |
| Total Liabilities | - | - | 169.52M | - | 297.39M | 346.30M | 378.19M | 763.08M |
| Current Liabilities | - | - | 141.10M | - | 282.88M | 336.58M | 370.99M | 749.06M |
| Long Term Debt | - | - | - | - | - | - | - | - |
| Total Debt | - | - | - | - | 12.43M | 16.93M | 13.22M | 16.28M |
| Total Equity | -84.91M | -198.41M | -213.72M | - | 1.47B | 1.24B | 1.09B | 761.96M |
| Shares Outstanding | - | - | - | - | 541.36M | 520.34M | 504.30M | 432.26M |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -15.43M | 50.27M | - | -12.97M | 21.10M | 58.17M | 162.62M |
| Investing Cash Flow | -100.32M | -57.56M | - | 28.72M | 38.52M | 70.79M | 271.11M |
| Financing Cash Flow | 139.05M | 167.38M | - | -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 | -20.34M | 47.90M | - | -16.89M | 8.45M | 36.96M | 132.36M |
| Net Change in Cash | - | - | - | -63.73M | -202.17M | -57.96M | 86.42M |
| Share Buybacks | - | 0 | 0 | 78.14M | 190.42M | 154.43M | 391.37M |
Ratios (Annual)
Figures in %.
| Metric | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 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
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 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 |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
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