Marqeta, Inc.
Marqeta, Inc. (MQ) Financial Performance & Income Statement Overview
Review Marqeta, Inc. (MQ) income statement, balance sheet, and cash flow reports with annual and quarterly breakdowns.
Marqeta, Inc. (MQ) Income Statement & Financial Overview
Access detailed annual and quarterly income data for Marqeta, Inc. MQ financial performance.
| Metric | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 |
|---|---|---|---|---|
| Revenue | $139.07M | $135.79M | $127.97M | $125.27M |
| Cost of Revenue | $40.39M | $37.59M | $37.84M | $153.04M |
| Gross Profit | $98.68M | $98.20M | $90.13M | -$27.77M |
| Gross Profit Ratio | $0.71 | $0.72 | $0.70 | -$0.22 |
| R&D Expenses | $0.00 | $0.00 | $0.00 | $14.77M |
| SG&A Expenses | $93.13M | $108.91M | $107.48M | $15.00M |
| Operating Expenses | $117.22M | $135.63M | $132.36M | $15.00M |
| Total Costs & Expenses | $157.61M | $192.80M | $170.20M | $168.04M |
| Interest Income | $0.00 | $0.00 | $0.00 | $0.00 |
| Interest Expense | $0.00 | $0.00 | $0.00 | $0.00 |
| Depreciation & Amortization | $5.33M | $5.52M | $4.45M | $3.96M |
| EBITDA | -$13.21M | -$31.91M | -$24.08M | $109.00M |
| EBITDA Ratio | -$0.09 | -$0.23 | -$0.19 | $0.87 |
| Operating Income | -$18.54M | -$37.42M | -$42.23M | -$42.77M |
| Operating Income Ratio | -$0.13 | -$0.28 | -$0.33 | -$0.34 |
| Other Income/Expenses (Net) | $10.51M | $10.70M | $13.70M | $14.22M |
| Income Before Tax | -$8.03M | -$26.72M | -$28.53M | $119.26M |
| Income Before Tax Ratio | -$0.06 | -$0.20 | -$0.22 | $0.95 |
| Income Tax Expense | $235000.00 | $394000.00 | $115000.00 | $150000.00 |
| Net Income | -$8.26M | -$27.12M | -$28.64M | $119.11M |
| Net Income Ratio | -$0.06 | -$0.20 | -$0.22 | $0.95 |
| EPS | -$0.02 | -$0.05 | -$0.06 | $0.23 |
| Diluted EPS | -$0.02 | -$0.05 | -$0.06 | $0.23 |
| Weighted Avg Shares Outstanding | $501.22M | $502.93M | $507.16M | $515.96M |
| Weighted Avg Shares Outstanding (Diluted) | $501.22M | $502.93M | $507.16M | $524.40M |
The company's financials show resilient growth, with revenue advancing from $125.27M in Q2 2024 to $139.07M in Q1 2025. Gross profit remained healthy with margins at 71% in Q1 2025 compared to -22% in Q2 2024. Operating income hit -$18.54M last quarter, sustaining a consistent -13% margin. Changes in R&D and SG&A spending did not hinder EBITDA, which stood at -$13.21M. Net income rose to -$8.26M, while earnings per share reached -$0.02. Strong cost management and operational efficiency kept profitability intact, underlining the company's stable and competitive market performance.
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