Marqeta, Inc. logo MQ - Marqeta, Inc.

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 7
HOLD 13
SELL 2
STRONG
SELL
0
| PRICE TARGET: $4.75 DETAILS
HIGH: $5.00
LOW: $4.50
MEDIAN: $4.75
CONSENSUS: $4.75
UPSIDE: 19.65%
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1
Revenue
Revenue 165.8 172.1 163.3 150.4 139.1 135.8 128.0 125.3 118.0 118.8 108.9 231.1 217.3 203.8 191.6 186.7 166.1 155.4 131.5 122.3 108.0 88.2 84.3 69.4 48.4
Cost of Revenue 135.1 52.1 48.7 46.3 40.4 37.6 37.8 45.9 33.8 35.6 36.4 146.5 128.2 116.7 111.5 108.6 91.4 79.6 72.4 75.3 58.1 51.8 49.0 41.8 29.8
Gross Profit 30.7 120.0 114.6 104.1 98.7 98.2 90.1 79.4 84.2 83.2 72.5 84.6 89.2 87.1 80.1 78.0 74.7 75.8 59.1 47.0 49.9 36.4 35.3 27.6 18.6
Operating Expenses
R&D Expenses 0 0 16.9 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4.7 0 0 0
SG&A Expenses 1.2 174.3 6.4 87.2 93.1 108.9 107.5 (47.8) 113.5 118.7 121.5 133.3 154.8 120.3 114.3 105.7 106.8 96.6 90.7 103.0 52.7 42.6 41.8 29.8 28.8
Other Expenses 25.9 (46.1) 101.6 26.1 24.1 26.7 24.9 22.1 20.6 20.9 20.9 20.8 21.8 21.2 25.3 19.1 17.2 16.9 14.0 12.0 7.8 2.2 5.6 4.6 4.8
Operating Expenses 27.1 128.3 124.9 113.3 117.2 135.6 132.4 (25.7) 134.0 139.6 142.3 154.0 176.6 141.4 139.6 124.8 124.0 113.5 104.7 115.0 60.5 49.6 47.5 34.4 33.6
Operating Income
Operating Income 3.6 (8.3) (10.4) (9.2) (18.5) (37.4) (42.2) 105.0 (49.9) (56.3) (69.8) (69.4) (87.4) (54.3) (59.5) (46.7) (49.3) (37.7) (45.6) (68.0) (10.7) (13.1) (12.2) (6.8) (15.0)
Interest Expense 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Interest Income 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 12.5 3.5 6.8 (2.6) (13.2) (31.9) (24.1) 109.0 (46.3) (53.2) (66.7) (66.9) (85.5) (53.3) (58.6) (45.8) (48.3) (36.8) (44.9) (67.1) (9.7) (12.2) (11.3) (5.9) (14.2)
EBIT 3.6 (1.7) (3.1) (9.2) (18.5) (37.4) (28.5) 105.0 (49.9) (56.3) (69.8) (69.4) (87.4) (54.3) (59.5) (46.7) (49.3) (37.7) (45.6) (68.0) (10.7) (13.1) (12.2) (6.8) (15.0)
Income Before Tax 8.0 (1.7) (3.1) (0.4) (8.0) (26.7) (28.5) 119.3 (35.9) (41.4) (54.8) (58.7) (75.8) (25.9) (53.2) (44.9) (60.9) (37.6) (45.7) (68.5) (12.8) (13.7) (12.3) (7.1) (14.5)
Income Tax Expense 0.2 (0.3) 0.5 0.2 0.2 0.4 0.1 0.1 0.1 (1.0) 0.2 0.1 (7.0) 0.5 0.0 (0.2) (0.4) (0.8) 0.0 0.1 0.0 0.0 0.0 0.0 0.0
Net Income 7.8 (1.4) (3.6) (0.6) (8.3) (27.1) (28.6) 119.1 (36.1) (40.4) (55.0) (58.8) (68.8) (26.3) (53.2) (44.7) (60.6) (36.8) (45.7) (68.6) (12.8) (13.8) (12.3) (7.1) (14.5)
Per Share Data
EPS (Basic) 0.02 -0.00 -0.01 -0.00 -0.02 -0.05 -0.06 0.23 -0.07 -0.08 -0.10 -0.11 -0.13 -0.05 -0.10 -0.08 -0.11 -0.07 -0.08 -0.13 -0.02 -0.03 -0.03 -0.01 -0.03
EPS (Diluted) 0.02 -0.00 -0.01 -0.00 -0.02 -0.05 -0.06 0.23 -0.07 -0.08 -0.10 -0.11 -0.13 -0.05 -0.10 -0.08 -0.11 -0.07 -0.08 -0.13 -0.02 -0.03 -0.03 -0.01 -0.03
Shares Outstanding 428.6 462.2 448.7 461.5 501.2 502.9 507.2 516.0 518.0 522.3 529.5 538.3 539.7 544.8 547.9 544.7 542.6 540.2 538.9 534.6 530.2 483.4 483.4 483.4 483.4
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4
Current Assets
Cash & Cash Equivalents 955.2 981.8 747.2 732.7 830.9 923.0 886.4 924.7 970.4 981.0 947.7 950.2 1,050.4 1,183.8 1,204.9 1,220.3 1,197.3 1,247.6 1,260.2 1,579.3 247.6 220.4
Short-Term Investments 37.3 97.7 83.2 88.9 157.5 179.4 217.6 228.8 228.3 268.7 349.4 432.4 408.7 440.9 441.1 444.9 447.0 464.5 409.0 105.1 140.1 149.9
Net Receivables 172.0 125.9 104.4 137.2 107.8 118.6 84.9 87.9 115.4 109.2 77.9 97.1 88.0 80.9 50.6 32.3 64.5 56.2 63.5 53.0 46.8 41.4
Inventory 0 1.9 0 0 0 3.7 0 0 8.5 4.3 4.7 5.0 5.8 5.2 6.3 5.3 4.9 3.9 0 0 0 0.8
Other Current Assets 23.9 13.7 234.5 31.4 38.4 11.3 32.3 31.4 25.6 10.5 13.4 15.4 14.8 14.7 15.2 13.3 14.1 11.9 14.8 13.9 11.1 10.0
Total Current Assets 1,188.4 1,235.3 1,200.0 990.2 1,134.7 1,249.3 1,221.2 1,272.9 1,348.2 1,388.7 1,407.2 1,513.8 1,585.0 1,746.8 1,742.9 1,743.4 1,759.7 1,798.7 1,759.6 1,756.3 453.7 430.9
Non-Current Assets
Property, Plant & Equipment 71.4 68.2 63.5 55.4 44.8 40.2 40.7 38.7 34.0 25.3 24.2 22.1 19.1 16.5 17.6 18.8 19.9 21.0 22.0 22.5 22.0 22.9
Goodwill 154.0 154.7 154.5 123.5 123.5 123.5 123.5 123.5 123.5 123.5 123 123.4 123.4 0 0 0 0 0 0 0 0 0
Intangible Assets 48.4 51.4 53.6 26.8 28.3 29.8 31.2 32.7 34.2 35.6 37.1 38.6 40.0 0 0 0 0 0 0 0 0 0
Long-Term Investments 7.1 7.6 0 0 0 0 0 0 9.1 0 0 2.1 0 0 7.8 7.9 8.0 8.4 0.8 0.9 0 0
Other Non-Current Assets 7.4 7.3 16.8 18.6 18.4 20.0 19.2 20.5 18.6 16.1 11.4 3.3 5.8 5.9 6.0 6.8 5.9 2.3 0.6 0.6 6.1 3.9
Total Non-Current Assets 288.3 289.7 288.4 224.4 215.0 213.9 214.7 215.4 210.2 201.0 196.0 190.3 189.2 23.6 31.5 33.5 33.8 31.7 23.5 24.0 28.1 26.8
Total Assets 1,476.7 1,525.0 1,488.4 1,214.6 1,349.6 1,463.2 1,435.8 1,488.3 1,558.4 1,589.7 1,603.2 1,704.1 1,774.2 1,770.3 1,774.5 1,776.9 1,793.5 1,830.4 1,783.1 1,780.3 481.8 457.7
Current Liabilities
Account Payables 260.9 226.4 1.5 203.1 211.0 193.9 168.1 180.1 190.8 175.1 148.2 128.7 149.8 146.0 118.8 118.0 131.7 123.9 90.9 84.3 94.8 80.6
Short-Term Debt 10.3 10.7 0 7.7 7.7 7.7 8.0 7.9 7.9 7.9 8.5 0 0 0 0 0 0 0 0 0 0 0
Deferred Revenue 8.7 11.8 0 7.6 10.5 13.6 12.9 10.3 11.6 11.8 12.2 13.0 13.9 17.0 21.3 16.6 18.8 19.1 9.0 8.2 6.3 4.0
Other Current Liabilities 414.2 443.5 270.1 25.3 14.6 47.6 38.7 31.8 100.1 45.8 38.1 150.3 76.3 43.8 43.1 29.1 62.5 36.3 60.1 60.0 20.3 23.6
Total Current Liabilities 721.1 749.1 636.8 361.3 357.0 371.0 333.6 337.8 338.6 336.6 296.9 318.3 326.3 282.9 250.2 228.5 233.9 238.0 188.5 171.6 164.3 141.1
Non-Current Liabilities
Long-Term Debt 0 5.5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Deferred Tax Liabilities 0 0 0 0 0 0 0 0 (3.7) 0 0 0 0 0 0 0 0 0 0 (7.5) 0 0
Other Non-Current Liabilities 5.7 0.3 7.6 6.9 5.4 1.6 4.5 4.8 5.0 0.5 0.7 1.1 1.1 1.3 0 0 0.5 0.5 1.2 8.7 6.4 4.1
Total Non-Current Liabilities 13.3 14.0 12.4 9.9 5.4 7.2 6.6 8.1 9.1 9.7 11.3 13.2 14.2 14.5 11.9 13.9 16.0 19.0 21.3 22.7 29.2 28.4
Total Liabilities 734.4 763.1 649.2 371.2 362.4 378.2 340.2 345.9 347.7 346.3 308.2 331.5 340.5 297.4 262.1 242.4 249.9 257.0 209.8 194.3 193.5 169.5
Stockholders' Equity
Common Stock 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.0 0.0
Retained Earnings (804.0) (811.8) (810.4) (806.8) (806.2) (797.9) (770.8) (742.1) (861.3) (825.2) (784.8) (729.8) (671.0) (602.2) (575.9) (522.7) (478.1) (417.5) (380.6) (334.9) (266.4) (253.5)
Accumulated Other Comprehensive Income (0.3) 1.5 1.4 (0.1) (0.3) (0.3) 0.8 (1.3) (0.8) 0.8 (1.8) (1.5) (3.2) (7.2) (10.6) (10.2) (8.1) (2.2) (0.4) (0.1) (0.0) 0.0
Total Stockholders' Equity 742.3 762.0 839.2 843.4 987.3 1,085.0 1,095.7 1,142.4 1,210.7 1,243.4 1,295.1 1,372.6 1,433.7 1,473.0 1,512.3 1,534.6 1,543.6 1,573.4 1,573.3 1,586.0 288.3 288.2
Total Liabilities & Equity 1,476.7 1,525.0 1,488.4 1,214.6 1,349.6 1,463.2 1,435.8 1,488.3 1,558.4 1,589.7 1,603.2 1,704.1 1,774.2 1,770.3 1,774.5 1,776.9 1,793.5 1,830.4 1,783.1 1,780.3 481.8 457.7
Debt Metrics
Total Debt 15.1 21.8 7.9 14.5 12.1 13.2 14.6 15.6 16.0 16.9 18.5 10.8 11.6 12.4 13.2 14.0 14.7 15.4 16.2 16.8 17.5 18.2
Net Debt (940.1) (960.0) (739.3) (718.3) (818.8) (909.8) (871.9) (909.2) (954.4) (964.0) (929.3) (939.4) (1,038.8) (1,171.4) (1,191.6) (1,206.3) (1,182.5) (1,232.1) (1,244.1) (1,562.5) (230.1) (202.2)
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1
Operating Activities
Net Income 7.8 (1.4) (3.6) (0.6) (8.3) (27.1) (28.6) 119.1 (36.1) (40.4) (55.0) (58.8) (68.8) (26.3) (53.2) (44.7) (60.6) (36.8) (45.7) (68.6) (12.8) (13.8) (12.3) (7.1) (14.5)
Depreciation & Amortization 8.9 7.4 7.0 6.7 5.3 5.5 4.4 4.0 3.5 3.2 3.1 2.5 2.0 1.0 0.9 1.5 1.5 1.5 1.3 0.9 0.9 0.9 0.9 0.8 0.9
Stock-Based Compensation 20.0 26.1 25.7 27.1 25.9 33.3 35.7 36.3 31.3 45.0 32.1 17.8 46.0 45.1 43.5 0 0 0 0 55.5 11.4 9.6 12.0 2.9 3.7
Change in Working Capital (40.1) 24.8 52.6 (21.3) (13.5) 11.6 (4.5) 25.6 (11.4) 7.4 49.4 (13.4) (22.0) 12.4 4.0 30.7 (36.8) 53.9 0.7 (1.5) 15.2 23.3 12.2 25.4 0.9
Other Non-Cash Items 0.1 (3.6) 5.1 0.8 0.5 1.5 0.3 (159.2) 13.0 1.4 11.4 26.0 32.3 (17.3) 0.8 35.3 49.1 37.1 39.2 1.5 3.2 1.7 1.1 1.2 0.5
Operating Cash Flow (3.4) 53.3 86.8 12.5 10.0 24.8 7.3 25.7 0.4 16.5 41.1 (26.0) (10.5) 14.9 (4.0) 22.8 (46.8) 55.6 (4.5) (12.1) 17.9 21.7 13.9 23.2 (8.5)
Investing Activities
Capital Expenditure (1.3) (19.5) (8.3) (7.9) (7.3) (4.3) (4.3) (6.2) (6.5) (2.4) (3.1) (3.5) (3.6) (1.6) (1.4) (0.3) (0.6) (0.5) (1.2) (0.5) (0.6) (0.2) (0.7) (1.0) (0.5)
Acquisitions 0 (1.1) (44.6) 0 0 0 0 0 0 (0.1) (3.7) 0 (131.9) 0 (2.7) 0 0 0 0 0 0 0 0 0 0
Purchases of Investments 0 0 (3.5) 0 0 0 0 0 0 80.0 (693.0) (208.7) (70.8) (48.8) (8.7) (3.0) (10.0) (100.2) (361.9) (6.1) (7.0) (32.8) (120.3) (44.1) (18.9)
Sales/Maturities of Investments 25.1 20.7 238.9 68.7 22.2 38 14 0 40 4.5 778.9 188 108 52.5 12 3.1 9.8 34.2 57.5 40.8 16.4 16.8 82.5 21.3 40.5
Other Investing Activities (7.8) (7.0) 0 (7.5) (6.1) (4.2) (4.1) (5.2) (5.3) (2.4) (3.1) (3.4) (3.0) 24.7 2.7 0 0 0 0 0 0 0 0 0 0
Investing Cash Flow 16.1 12.9 182.5 60.9 14.9 33.7 9.7 (6.2) 33.5 81.9 79.1 (24.2) (98.3) 27.8 1.9 (0.1) (0.8) (66.5) (305.6) 34.2 8.8 (16.2) (38.5) (23.8) 21.0
Financing Activities
Net Debt Issuance 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Stock Repurchased (39.2) (96.6) (19.6) (163.9) (111.3) (16.7) (46.6) (57.5) (33.7) (58.9) (64.4) (45.2) (21.8) (65.4) (12.7) 0 0 0.1 (0.0) 0 0 0 0 0 0
Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Financing Activities (35.4) 64.5 (8.3) (7.7) (5.7) (5.2) (8.7) (7.7) (10.9) (5.6) (59.8) (3.3) (2.7) 1.7 (0.7) (3.9) (4.7) (5.1) (8.2) (8.6) (1.2) (3.2) 0.5 0.2 (0.2)
Financing Cash Flow (74.5) (30.9) (27.8) (171.6) (117.0) (21.9) (55.3) (65.2) (44.5) (64.5) (124.2) (48.5) (24.6) (63.7) (13.4) 0.3 (2.7) (1.8) (9.0) 1,309.5 0.6 (0.0) 24.3 142.8 0.3
Cash Position
Net Change in Cash (61.8) 35.3 260.5 (98.2) (92.1) 36.6 (38.3) (45.6) (10.6) 33.9 (4.0) (98.7) (133.4) (21.0) (15.4) 23.0 (50.3) (12.6) (319.1) 1,331.7 27.2 5.5 (0.4) 142.2 12.8
Cash at Beginning 1,017.9 982.7 686.8 839.4 931.5 894.9 933.2 978.9 989.5 955.5 959.5 1,058.2 1,191.6 1,212.7 1,228.1 1,205.1 1,255.4 1,268.0 1,587.1 255.4 228.2 222.8 223.1 81.0 68.1
Cash at End 956.1 1,017.9 947.3 741.2 839.4 931.5 894.9 933.2 978.9 989.5 955.5 959.5 1,058.2 1,191.6 1,212.7 1,228.1 1,205.1 1,255.4 1,268.0 1,587.1 255.4 228.2 222.8 223.1 81.0
Free Cash Flow (4.6) 33.8 78.5 4.7 2.7 20.5 3.0 19.5 (6.1) 14.1 38.0 (29.4) (14.2) 13.3 (5.4) 22.6 (47.4) 55.1 (5.6) (12.5) 17.3 21.5 13.2 22.3 (9.1)
Key Metrics 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1
Income Statement
Revenue 165.8 172.1 163.3 150.4 139.1 135.8 128.0 125.3 118.0 118.8 108.9 231.1 217.3 203.8 191.6 186.7 166.1 155.4 131.5 122.3 108.0 88.2 84.3 69.4 48.4
Gross Profit 30.7 120.0 114.6 104.1 98.7 98.2 90.1 79.4 84.2 83.2 72.5 84.6 89.2 87.1 80.1 78.0 74.7 75.8 59.1 47.0 49.9 36.4 35.3 27.6 18.6
Operating Income 3.6 (8.3) (10.4) (9.2) (18.5) (37.4) (42.2) 105.0 (49.9) (56.3) (69.8) (69.4) (87.4) (54.3) (59.5) (46.7) (49.3) (37.7) (45.6) (68.0) (10.7) (13.1) (12.2) (6.8) (15.0)
Net Income 7.8 (1.4) (3.6) (0.6) (8.3) (27.1) (28.6) 119.1 (36.1) (40.4) (55.0) (58.8) (68.8) (26.3) (53.2) (44.7) (60.6) (36.8) (45.7) (68.6) (12.8) (13.8) (12.3) (7.1) (14.5)
EPS (Diluted) 0.02 -0.00 -0.01 -0.00 -0.02 -0.05 -0.06 0.23 -0.07 -0.08 -0.10 -0.11 -0.13 -0.05 -0.10 -0.08 -0.11 -0.07 -0.08 -0.13 -0.02 -0.03 -0.03 -0.01 -0.03
Balance Sheet
Cash & Equivalents 955.2 981.8 747.2 732.7 830.9 923.0 886.4 924.7 970.4 981.0 947.7 950.2 1,050.4 1,183.8 1,204.9 1,220.3 1,197.3 1,247.6 1,260.2 1,579.3 247.6 220.4
Total Assets 1,476.7 1,525.0 1,488.4 1,214.6 1,349.6 1,463.2 1,435.8 1,488.3 1,558.4 1,589.7 1,603.2 1,704.1 1,774.2 1,770.3 1,774.5 1,776.9 1,793.5 1,830.4 1,783.1 1,780.3 481.8 457.7
Total Debt 15.1 21.8 7.9 14.5 12.1 13.2 14.6 15.6 16.0 16.9 18.5 10.8 11.6 12.4 13.2 14.0 14.7 15.4 16.2 16.8 17.5 18.2
Stockholders' Equity 742.3 762.0 839.2 843.4 987.3 1,085.0 1,095.7 1,142.4 1,210.7 1,243.4 1,295.1 1,372.6 1,433.7 1,473.0 1,512.3 1,534.6 1,543.6 1,573.4 1,573.3 1,586.0 288.3 288.2
Cash Flow
Operating Cash Flow (3.4) 53.3 86.8 12.5 10.0 24.8 7.3 25.7 0.4 16.5 41.1 (26.0) (10.5) 14.9 (4.0) 22.8 (46.8) 55.6 (4.5) (12.1) 17.9 21.7 13.9 23.2 (8.5)
Capital Expenditure (1.3) (19.5) (8.3) (7.9) (7.3) (4.3) (4.3) (6.2) (6.5) (2.4) (3.1) (3.5) (3.6) (1.6) (1.4) (0.3) (0.6) (0.5) (1.2) (0.5) (0.6) (0.2) (0.7) (1.0) (0.5)
Free Cash Flow (4.6) 33.8 78.5 4.7 2.7 20.5 3.0 19.5 (6.1) 14.1 38.0 (29.4) (14.2) 13.3 (5.4) 22.6 (47.4) 55.1 (5.6) (12.5) 17.3 21.5 13.2 22.3 (9.1)