MQ · XBRL financial data
Marqeta financial statements, every fiscal year
The same tables from 5 filings, lined up. Matched by XBRL tag: renamed lines keep their history.
How these numbers work
- Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
- Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
- * marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
- 0 means a filing states zero; a dash (—) means no filing states that number.
- “year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
- Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
- Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
- Shares outstanding come from each filing's cover page, as of the date printed there.
- Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.
Income statement
CSVFiscal years (MQ's year ends in late December)
| In millions of dollars | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|
| Revenue from contracts with customers | 517 | 748 | 676 | 507 | 625 |
| Cost of revenue | 285 | 428 | 347 | 155 | 188 |
| Gross profit | 232 | 320 | 330 | 352 | 437 |
| Total operating expenses | 394 | 530 | 613 | 376 | 484 |
| Operating income (loss) | (162) | (210) | (283) | (24) | (46) |
| Other income (expense) | (3) | 25 | 52 | 53 | 33 |
| Income tax expense (benefit) | (1) | (0) | (8) | 1 | 1 |
| Net income (loss) | (164) | (185) | (223) | 27 | (14) |
| Weighted average shares, basic‡ millions of shares | 91 | 136 | 133 | 128 | 116 |
| Weighted average shares, diluted‡ millions of shares | 91 | 136 | 133 | 130 | 116 |
- ‡ Per-share figures and share counts are adjusted for the 1-for-4 stock split (June 2026); filings made before it reported them unadjusted.
Balance sheet
CSVFiscal years (MQ's year ends in late December)
| In millions of dollars | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|
| Cash and cash equivalents | 1,248 | 1,184 | 981 | 923 | 709 |
| Marketable securities | 453 | 441 | 269 | 179 | 62 |
| Accounts receivable | 13 | 16 | 20 | 30 | 41 |
| Prepaid and other current assets | 36 | 38 | 27 | 25 | 35 |
| Total current assets | 1,799 | 1,747 | 1,389 | 1,249 | 1,235 |
| Property and equipment, net | 10 | 7 | 19 | 38 | 60 |
| Right-of-use asset | 11 | 9 | 6 | 3 | 8 |
| Goodwill | — | 0 | 124 | 124 | 155 |
| Total assets | 1,830 | 1,770 | 1,590 | 1,463 | 1,525 |
| Accrued liabilities | — | — | 162 | 177 | — |
| Total current liabilities | 238 | 283 | 337 | 371 | 749 |
| Lease liability, non-current | 12 | 9 | 5 | 1 | 6 |
| Total liabilities | 257 | 297 | 346 | 378 | 763 |
| Accumulated deficit | (417) | (602) | (825) | (798) | (812) |
| Total stockholders' equity | 1,573 | 1,473 | 1,243 | 1,085 | 762 |
| Total liabilities and equity | 1,830 | 1,770 | 1,590 | 1,463 | 1,525 |
Cash flows
CSVFiscal years (MQ's year ends in late December)
| In millions of dollars | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|
| Net income (loss) | (164) | (185) | (223) | 27 | (14) |
| Stock-based compensation | 143 | 161 | 181 | 137 | 105 |
| Depreciation and amortization | 4 | 4 | 11 | 17 | 27 |
| Net cash from operating activities | 57 | (13) | 21 | 58 | 163 |
| Purchases of property and equipment | 3 | 2 | 1 | 2 | 2 |
| Net cash from investing activities | (329) | 29 | 39 | 71 | 271 |
| Share repurchases | 0 | 78 | 190 | 154 | 391 |
| Net cash from financing activities | 1,299 | (79) | (262) | (187) | (347) |
| Net change in cash | 1,027 | (64) | (202) | (58) | 86 |
Compare with peers
SIC 7372 and related industry codes, similar size. Each row is the latest quarter reported.
How peers are chosen
- SIC 7372 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
- Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
- Runway shows only for companies burning cash with under $10B of public float.
- * marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
| Company | Cash ($M) | Revenue, quarter ($M) | Operating cash flow, quarter ($M) | Shares outstanding | Runway | Quarter |
|---|---|---|---|---|---|---|
| Marqeta | 697 | 176 | 26* | not reported | — | 10-QSep 30, 2026 |
| BLACKBERRY | 266 | 163 | 29* | 587.0M | — | 10-QAug 31, 2026 |
| RingCentral | 110 | 676 | 180* | not reported | — | 10-QSep 30, 2026 |
| EVERTEC | 261 | 275 | 59* | 59.8M | — | 10-QJun 30, 2026 |
| Agilysys | 138 | 93 | 15* | 28.2M | — | 10-QSep 30, 2026 |
| DXC Technology | 1,599 | 3,034 | 217* | 155.5M | — | 10-QSep 30, 2026 |
| Jamf Holding | 547 | 183 | 66* | 133.2M | — | 10-QSep 30, 2025 |
| Alkami Technology | 50 | 135 | 22* | 107.0M | — | 10-QSep 30, 2026 |
| BigBear.ai Holdings | 77 | 44 | (9.6)* | 481.4M | 4.6 quarters | 10-QSep 30, 2026 |
Not investment advice. Not affiliated with the U.S. SEC.