← Marqeta, Inc.
| Annual Trend | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Net revenue | $143.3m | $290.3m | $517.2m | $748.2m | $676.2m | $507.0m | $624.9m | $677.2m | |
| Costs of revenue | $82.8m |
$172.4m
+108.16%
|
$285.5m
+65.60%
|
$428.2m
+50.00%
|
$346.7m
-19.04%
|
$155.1m
-55.25%
|
$187.6m
+20.93%
|
— | |
| Gross profit | $60.5m |
$117.9m
+95.04%
|
$231.7m
+96.52%
|
$320.0m
+38.11%
|
$329.5m
+2.97%
|
$351.8m
+6.78%
|
$437.3m
+24.28%
|
$474.0m
+8.40%
|
|
| Marketing and advertising | $2.1m | $1.7m | $2.3m | $4.0m | $2.6m | $3.0m | $5.1m | — | |
| Other operating expenses | $7.1m | $5.3m | $13.5m | $26.5m | $18.0m | $16.8m | $20.4m | — | |
| Total operating expenses | $119.3m | $165.0m | $393.7m | $529.8m | $612.5m | $376.3m | $483.7m | $486.9m | |
| Loss from operations | ($58.9m) |
($47.1m)
+20.01%
|
($162.0m)
-244.06%
|
($209.8m)
-29.51%
|
($283.0m)
-34.89%
|
($24.5m)
+91.36%
|
($46.4m)
-89.77%
|
— | |
| Other income, net | $698k | ($521k) | ($2.6m) | $24.9m | $52.4m | $52.5m | $33.1m | $24.2m | |
| (Loss) income before income tax expense (benefit) | ($58.2m) | ($47.6m) | ($164.6m) | ($184.9m) | ($230.6m) | $28.1m | ($13.3m) | — | |
| Income tax expense (benefit) | $35k | $87k | ($640k) | ($102k) | ($7.6m) | $793k | $596k | $853k | |
| Basic (in dollars per share) | ($1.07) | ($0.39) | ($0.45) | ($0.34) | ($0.42) | $0.05 | ($0.03) | — | |
| Diluted (in dollars per share) | ($1.07) | ($0.39) | ($0.45) | ($0.34) | ($0.42) | $0.05 | ($0.03) | — | |
| Compensation and benefits | $88.3m | $129.8m | $318.1m | $415.1m | $499.6m | $397.6m | $340.4m | — | |
| Technology | $7.8m | $13.2m | $33.6m | $52.4m | $55.6m | $60.1m | $65.0m | — | |
| Professional services | $7.2m | $7.2m | $18.4m | $23.5m | $21.7m | $20.1m | $21.9m | — | |
| Occupancy | $3.8m | $4.3m | $4.2m | $4.5m | $4.4m | $6.0m | $3.8m | — | |
| Depreciation and amortization | $3.1m | $3.5m | $3.5m | $3.9m | $10.7m | $17.5m | $27.2m | $33.7m | |
| Executive chairman long-term performance award | — | — | — | $53.2m | $53.2m | ($144.6m) | $0 | — | |
| Net (loss) income | ($58.2m) | ($47.7m) | ($163.9m) | ($184.8m) | ($223.0m) | $27.3m | ($13.9m) | — | |
| Change in foreign currency translation adjustment | ($22k) | ($64k) | ($14k) | ($167k) | ($40k) | ($468k) | $2.1m | — | |
| Net change in unrealized (loss) gain on short-term investments | $69k | $43k | ($2.2m) | ($4.8m) | $8.0m | ($608k) | ($243k) | — | |
| Net other comprehensive income (loss) | $47k | ($21k) | ($2.3m) | ($5.0m) | $8.0m | ($1.1m) | $1.8m | — | |
| Comprehensive (loss) income | ($58.2m) | ($47.7m) | ($166.2m) | ($189.8m) | ($215.0m) | $26.2m | ($12.1m) | — |