MQ - Marqeta, Inc.
Price:
--
--
|
CONSENSUS:
Hold
DETAILS
|
PRICE TARGET:
$4.75
DETAILS
HIGH:
$5.00
LOW:
$4.50
MEDIAN:
$4.75
CONSENSUS:
$4.75
UPSIDE:
19.65%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Revenue | |||||||
| Revenue | 624.9 | 507.0 | 676.2 | 748.2 | 517.2 | 290.3 | 143.3 |
| Cost of Revenue | 555.2 | 155.1 | 346.7 | 428.2 | 285.5 | 172.4 | 82.8 |
| Gross Profit | 69.7 | 351.8 | 329.5 | 320.0 | 231.7 | 117.9 | 60.5 |
| Operating Expenses | |||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 98.8 | 282.0 | 528.2 | 447.1 | 343.0 | 143.0 | 101.3 |
| Other Expenses | 0 | 94.3 | 84.3 | 82.7 | 50.7 | 22.0 | 18.0 |
| Operating Expenses | 98.8 | 376.3 | 612.5 | 529.8 | 393.7 | 165.0 | 119.3 |
| Operating Income | |||||||
| Operating Income | (29.2) | (24.5) | (283.0) | (209.8) | (162.0) | (47.1) | (58.9) |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profitability | |||||||
| EBITDA | 13.8 | (7.0) | (272.3) | (206.0) | (158.5) | (43.6) | (55.8) |
| EBIT | (13.3) | (24.5) | (283.0) | (209.8) | (162.0) | (47.1) | (58.9) |
| Income Before Tax | (13.3) | 28.1 | (230.6) | (184.9) | (164.6) | (47.6) | (58.2) |
| Income Tax Expense | 0.6 | 0.8 | (7.6) | (0.1) | (0.6) | 0.1 | 0.0 |
| Net Income | (13.9) | 27.3 | (223.0) | (184.8) | (163.9) | (47.7) | (58.2) |
| Per Share Data | |||||||
| EPS (Basic) | -0.03 | 0.05 | -0.42 | -0.34 | -0.30 | -0.09 | -0.11 |
| EPS (Diluted) | -0.03 | 0.05 | -0.42 | -0.34 | -0.30 | -0.09 | -0.11 |
| Shares Outstanding | 462.2 | 511.1 | 532.5 | 545.4 | 541.4 | 537.1 | 537.1 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Current Assets | |||||||
| Cash & Cash Equivalents | 981.8 | 923.0 | 981.0 | 1,183.8 | 1,247.6 | 220.4 | 60.3 |
| Short-Term Investments | 97.7 | 179.4 | 268.7 | 440.9 | 464.5 | 149.9 | 95.2 |
| Net Receivables | 125.9 | 118.6 | 109.2 | 80.9 | 56.2 | 41.4 | 26.5 |
| Inventory | 1.9 | 3.7 | 4.3 | 5.2 | 3.9 | 0.8 | 0 |
| Other Current Assets | 13.7 | 11.3 | 10.5 | 14.7 | 11.9 | 10.0 | 9.1 |
| Total Current Assets | 1,235.3 | 1,249.3 | 1,388.7 | 1,746.8 | 1,798.7 | 430.9 | 197.2 |
| Non-Current Assets | |||||||
| Property, Plant & Equipment | 68.2 | 40.2 | 25.3 | 16.5 | 21.0 | 22.9 | 25.8 |
| Goodwill | 154.7 | 123.5 | 123.5 | 0 | 0 | 0 | 0 |
| Intangible Assets | 51.4 | 29.8 | 35.6 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 7.6 | 0 | 0 | 0 | 8.4 | 0 | 0 |
| Other Non-Current Assets | 7.3 | 20.0 | 16.1 | 5.9 | 2.3 | 3.9 | 0.2 |
| Total Non-Current Assets | 289.7 | 213.9 | 201.0 | 23.6 | 31.7 | 26.8 | 26.0 |
| Total Assets | 1,525.0 | 1,463.2 | 1,589.7 | 1,770.3 | 1,830.4 | 457.7 | 223.2 |
| Current Liabilities | |||||||
| Account Payables | 226.4 | 193.9 | 175.1 | 146.0 | 123.9 | 80.6 | 32.6 |
| Short-Term Debt | 10.7 | 7.7 | 7.9 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 11.8 | 13.6 | 11.8 | 17.0 | 19.1 | 4.0 | 0.7 |
| Other Current Liabilities | 443.5 | 47.6 | 45.8 | 43.8 | 36.3 | 23.6 | 11.4 |
| Total Current Liabilities | 749.1 | 371.0 | 336.6 | 282.9 | 238.0 | 141.1 | 64.3 |
| Non-Current Liabilities | |||||||
| Long-Term Debt | 5.5 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0.3 | 1.6 | 0.5 | 1.3 | 0.5 | 4.1 | 0.9 |
| Total Non-Current Liabilities | 14.0 | 7.2 | 9.7 | 14.5 | 19.0 | 28.4 | 21.5 |
| Total Liabilities | 763.1 | 378.2 | 346.3 | 297.4 | 257.0 | 169.5 | 85.8 |
| Stockholders' Equity | |||||||
| Common Stock | 0.0 | 0.1 | 0.1 | 0.1 | 0.1 | 0.0 | 0.0 |
| Retained Earnings | (811.8) | (797.9) | (825.2) | (602.2) | (417.5) | (253.5) | (205.8) |
| Accumulated Other Comprehensive Income | 1.5 | (0.3) | 0.8 | (7.2) | (2.2) | 0.0 | 0.0 |
| Total Stockholders' Equity | 762.0 | 1,085.0 | 1,243.4 | 1,473.0 | 1,573.4 | 288.2 | 137.3 |
| Total Liabilities & Equity | 1,525.0 | 1,463.2 | 1,589.7 | 1,770.3 | 1,830.4 | 457.7 | 223.2 |
| Debt Metrics | |||||||
| Total Debt | 21.8 | 13.2 | 16.9 | 12.4 | 15.4 | 18.2 | 19.7 |
| Net Debt | (960.0) | (909.8) | (964.0) | (1,171.4) | (1,232.1) | (202.2) | (40.6) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Net Income | (13.9) | 27.3 | (223.0) | (184.8) | (163.9) | (47.7) | (58.2) |
| Depreciation & Amortization | 26.4 | 17.5 | 10.7 | 3.9 | 3.5 | 3.5 | 3.1 |
| Stock-Based Compensation | 104.8 | (8.1) | 180.7 | 107.5 | 142.7 | 28.2 | 21.8 |
| Change in Working Capital | 42.5 | 21.3 | 21.4 | 10.3 | 68.3 | 61.8 | 15.6 |
| Other Non-Cash Items | 2.8 | 0.2 | 31.2 | 50.1 | 6.4 | 4.5 | 2.4 |
| Operating Cash Flow | 162.6 | 58.2 | 21.1 | (13.0) | 57.0 | 50.3 | (15.4) |
| Investing Activities | |||||||
| Capital Expenditure | (1.8) | (2.4) | (12.7) | (3.9) | (2.7) | (2.4) | (4.9) |
| Acquisitions | (45.7) | 0 | (135.8) | 25.7 | (20) | 0 | (0.8) |
| Purchases of Investments | (3.5) | 0 | (892.5) | (70.5) | (455.3) | (216.2) | (528.3) |
| Sales/Maturities of Investments | 120.9 | 92 | 1,079.5 | 77.4 | 148.9 | 161.0 | 433.6 |
| Other Investing Activities | 201.2 | (18.8) | (11.9) | (1.6) | 0 | 0 | 0 |
| Investing Cash Flow | 271.1 | 70.8 | 38.5 | 28.7 | (329.1) | (57.6) | (100.3) |
| Financing Activities | |||||||
| Net Debt Issuance | 0 | 0 | 0 | 0 | 0 | 0 | (5.0) |
| Stock Repurchased | (391.4) | (154.4) | (190.4) | (78.1) | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | 40.3 | (32.5) | (71.4) | (1.4) | (20.5) | 0.4 | 1.1 |
| Financing Cash Flow | (347.3) | (186.9) | (261.8) | (79.5) | 1,299.3 | 167.4 | 139.0 |
| Cash Position | |||||||
| Net Change in Cash | 86.4 | (58.0) | (202.2) | (63.7) | 1,027.1 | 160.1 | 23.3 |
| Cash at Beginning | 931.5 | 989.5 | 1,191.6 | 1,255.4 | 228.2 | 68.1 | 44.8 |
| Cash at End | 1,017.9 | 931.5 | 989.5 | 1,191.6 | 1,255.4 | 228.2 | 68.1 |
| Free Cash Flow | 160.8 | 55.8 | 8.5 | (16.9) | 54.2 | 47.9 | (20.3) |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Income Statement | |||||||
| Revenue | 624.9 | 507.0 | 676.2 | 748.2 | 517.2 | 290.3 | 143.3 |
| Gross Profit | 69.7 | 351.8 | 329.5 | 320.0 | 231.7 | 117.9 | 60.5 |
| Operating Income | (29.2) | (24.5) | (283.0) | (209.8) | (162.0) | (47.1) | (58.9) |
| Net Income | (13.9) | 27.3 | (223.0) | (184.8) | (163.9) | (47.7) | (58.2) |
| EPS (Diluted) | -0.03 | 0.05 | -0.42 | -0.34 | -0.30 | -0.09 | -0.11 |
| Balance Sheet | |||||||
| Cash & Equivalents | 981.8 | 923.0 | 981.0 | 1,183.8 | 1,247.6 | 220.4 | 60.3 |
| Total Assets | 1,525.0 | 1,463.2 | 1,589.7 | 1,770.3 | 1,830.4 | 457.7 | 223.2 |
| Total Debt | 21.8 | 13.2 | 16.9 | 12.4 | 15.4 | 18.2 | 19.7 |
| Stockholders' Equity | 762.0 | 1,085.0 | 1,243.4 | 1,473.0 | 1,573.4 | 288.2 | 137.3 |
| Cash Flow | |||||||
| Operating Cash Flow | 162.6 | 58.2 | 21.1 | (13.0) | 57.0 | 50.3 | (15.4) |
| Capital Expenditure | (1.8) | (2.4) | (12.7) | (3.9) | (2.7) | (2.4) | (4.9) |
| Free Cash Flow | 160.8 | 55.8 | 8.5 | (16.9) | 54.2 | 47.9 | (20.3) |