Marqeta, Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $624.9M | $507.0M | $676.2M | $748.2M | $517.2M |
| Cost of revenue | $187.6M | $155.1M | $346.7M | $428.2M | $285.5M |
| Gross profit | $437.3M | $351.8M | $329.5M | $320.0M | $231.7M |
| Operating expenses | $483.7M | $376.3M | $612.5M | $529.8M | $393.7M |
| Operating income | -$46.4M | -$24.5M | -$283.0M | -$209.8M | -$162.0M |
| Pretax income | -$13.3M | $28.1M | -$230.6M | -$184.9M | -$164.6M |
| Income tax expense | $596,000 | $793,000 | -$7.6M | -$102,000 | -$640,000 |
| Net income | -$13.9M | $27.3M | -$223.0M | -$184.8M | -$163.9M |
| Balance Sheet | |||||
| Cash and equivalents | $709.4M | $923.0M | $981.0M | $1.2B | $1.2B |
| Current assets | $1.2B | $1.2B | $1.4B | $1.7B | $1.8B |
| Total assets | $1.5B | $1.5B | $1.6B | $1.8B | $1.8B |
| Current liabilities | $749.1M | $371.0M | $336.6M | $282.9M | $238.0M |
| Total liabilities | $763.1M | $378.2M | $346.3M | $297.4M | $257.0M |
| Stockholders' equity | $762.0M | $1.1B | $1.2B | $1.5B | $1.6B |
| Cash Flow Statement | |||||
| Cash from operations | $162.6M | $58.2M | $21.1M | -$13.0M | $57.0M |
| Depreciation and amortization | $27.2M | $17.5M | $10.7M | $3.9M | $3.5M |
| Stock-based compensation | $104.8M | $136.6M | $127.5M | $107.5M | $142.7M |
| Capital expenditure | $1.8M | $2.4M | $762,000 | $2.3M | $2.7M |
| Free cash flow | $160.8M | $55.8M | $20.3M | -$15.3M | $54.2M |
| Share repurchases | $391.4M | $154.4M | $190.4M | $78.1M | $0 |
| Impairments | — | — | — | $0 | $0 |
Shares outstanding 424.0M · Free float 74.1%
Annual filing data through FY ended December 31, 2025; float as of July 14, 2026.