Saturday 17 October 2026 Export MQ’s income statement to Excel — free account

Marqeta, Inc.

Marqeta, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $624.9 million, up 23.3% from fiscal 2024. In the quarter to June 2026, revenue grew 17.0%, EPS grew 1,350.0%, free cash flow grew 1,068.7% and total debt rose 11.3%, each against the same quarter a year earlier. Operating cash flow growth for three consecutive years; insiders bought in the last twelve months.

18.69 0.30 −1.58%

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Market cap: $2.0B
P/E: 170×
Fwd P/E: 104×
Dividend yield: —
F-score: 6/9
Altman Z: 1.67
Beneish M: −3.11
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.10

Total sells 2.40

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	1	—	—	—	—	—	—	—	—
Sell	1	5	2	2	2	4	2	4	2	1	3	—

Insider Ownership 15.78%

Capital & Financial Ratios $m

Market Cap 1,980.00

Revenue 677.21

Net Income 10.38

Free Cash Flow 167.20

Net Debt (739.19)

Current Ratio 1.66

Debt/Equity 0.31

P/E ratio 169.91

Fwd P/E 104.00

P/S ratio 2.91

P/B ratio 2.75

Past 5Y EPS Growth —

This Y EPS Growth 285.11%

Next Y EPS Growth 128.52%

Next Y revenue growth 12.66%

Next 5Y EPS Growth 32.03%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 12.26%

10-year low 10-year high

P/B against its own 10 years 72.95%

10-year low 10-year high

EV/Sales against its own 10 years 20.73%

10-year low 10-year high

EV/FCF against its own 10 years 7.16%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2025	Powerpack
2024	Powerpack
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	Powerpack
2019	Powerpack

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	1,258	1,111	1,080	961
Receivables	103	113	121	102
Inventory	—	—	—	—
Other	—	—	—	—
	1,389	1,249	1,235	1,102

	2023	2024	2025	Q'26
Payables	1	1	2	1
ST’ Debt	174	193	225	222
Other	—	—	—	—
	337	371	749	662

Compound Annual Growth %

	10y	5y	3y
Sales	—	16.57%	(5.83%)
Cash Flow	—	26.46%	0.00%
Earnings	—	0.00%	0.00%
Book Value	—	0.00%	(19.73%)

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	166	176	—	—	—
’25	139	150	163	172	625
’24	118	125	128	136	507
’23	217	231	109	119	676
’22	166	187	192	204	748
’21	108	122	132	155	517
’20	48	69	84	88	290

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(3)	63	—	—	—
’25	10	13	87	53	163
’24	0	26	7	25	58
’23	(11)	(26)	41	17	21
’22	(47)	23	(4)	15	(13)
’21	18	(12)	(4)	56	57
’20	(9)	23	14	22	50

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(12)	55	—	—	—
’25	3	5	79	47	132
’24	(6)	20	3	21	37
’23	(14)	(29)	38	14	8
’22	(47)	23	(5)	13	(17)
’21	17	(13)	(6)	55	54
’20	(9)	22	13	21	48

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.08	0.07	—	—	—
’25	(0.08)	(0.01)	(0.04)	0.00	(0.12)
’24	(0.28)	0.92	(0.24)	(0.20)	0.20
’23	(0.52)	(0.44)	(0.40)	(0.32)	(1.68)
’22	(0.44)	(0.32)	(0.40)	(0.20)	(1.36)
’21	(0.39)	(1.16)	(0.32)	(0.28)	(1.80)
’20	(0.49)	(0.24)	(0.40)	(0.43)	(1.55)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	—	—	—	—	—	60.44	22.56	13.84	13.48	13.90	Analyst estimates 2026–2028 Powerpack
	High	—	—	—	—	—	151.60	72.52	30.04	29.44	28.16
People
People	Employees	—	—	—	—	509	789	958	771	854	938
	Revenue/emp, $m	—	—	—	0.00	0.57	0.66	0.78	0.88	0.59	0.67
Income, $m
Income, $m	Revenue	—	—	—	143	290	517	748	676	507	625
	Gross margin, %	—	—	—	42.20	40.62	44.80	42.77	48.73	69.40	69.98
	EBT	—	—	—	(58)	(48)	(165)	(185)	(231)	28	(13)
	EBT margin, %	—	—	—	(40.60)	(16.40)	(31.82)	(24.71)	(34.10)	5.54	(2.13)
	Net income	—	0	—	(58)	(48)	(164)	(185)	(223)	27	(14)
	Depreciation	—	—	—	3	4	5	4	6	14	26
Per share, $
Per share, $	Revenue	—	—	—	5.03	9.45	5.70	5.49	5.08	3.97	5.41
	Earnings	—	—	—	(2.04)	(1.55)	(1.80)	(1.36)	(1.68)	0.20	(0.12)
	Cash flow	—	—	—	(0.54)	1.64	0.63	(0.10)	0.16	0.46	1.41
	Capex	—	—	—	(0.17)	(0.08)	(0.03)	(0.03)	(0.09)	(0.17)	(0.26)
	Free cash flow	—	—	—	(0.71)	1.56	0.60	(0.12)	0.06	0.29	1.15
	Book value	—	—	—	(6.97)	(6.95)	17.35	10.80	9.34	8.49	6.59
	Shares, m	—	—	—	28	31	91	136	133	128	116
Valuation, ×
Valuation, ×	P/E	—	—	—	0.00	0.00	0.00	0.00	0.00	75.80	0.00
	P/S	—	—	—	11.41	11.41	12.04	4.28	5.36	3.82	3.51
	P/B	—	—	—	0.00	0.00	3.96	2.17	2.92	1.79	2.88
	EV/Sales	—	—	—	10.55	10.55	8.97	2.29	3.76	2.01	2.14
	EV/FCF	—	—	—	49.72	49.72	85.59	(111.95)	300.73	27.58	10.13
Cash, $m
Cash, $m	Operating cash flow	—	—	—	(15)	50	57	(13)	21	58	163
	Capex	—	—	—	(5)	(2)	(3)	(4)	(13)	(21)	(30)
	Free cash flow	—	—	—	(20)	48	54	(17)	8	37	132
Balance, $m
Balance, $m	Working capital	—	—	—	133	290	1,561	1,464	1,052	878	486
	Total debt	—	—	—	30	78	121	142	174	193	225
	Net debt	—	—	—	(134)	(300)	(1,587)	(1,490)	(1,085)	(918)	(855)
	Shareholders’ equity	—	—	—	(198)	(214)	1,573	1,473	1,243	1,085	762
Returns, %
Returns, %	ROA	—	—	—	(109.64)	(14.01)	(14.33)	(10.26)	(13.27)	1.79	(0.93)
	ROIC	—	—	—	0.00	0.00	0.00	0.00	(111.36)	(9.13)	0.00
	ROE	—	—	—	59.39	23.15	(24.11)	(12.13)	(16.42)	2.34	(1.51)

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
RAMP LiveRamp Holdings, Inc.	$2.3B	15.1×	13.4×	+9.84% (above 0%: growing)	+141.67% (above 0%: growing)	+200.97% (above 0%: growing)	70.54%	9.42%	Compare
INFQ Infleqtion, Inc.	$2.1B	— (loss-making)	—	—	n/m	+442.38% (above 0%: growing)	16.01%	(220.55%)	Compare
GCT GigaCloud Technology Inc.	$2.1B	13.6×	7.7×	+27.60% (above 0%: growing)	+27.47% (above 0%: growing)	+21.82% (above 0%: growing)	25.64%	11.54%	Compare
MQ Marqeta, Inc.	$2.0B	170×	104×	+17.02% (above 0%: growing)	n/m	+1,068.67% (above 0%: growing)	69.25%	2.07%
AI C3.ai, Inc.	$2.0B	— (loss-making)	— (loss-making)	−25.46% (below 0%: shrinking)	n/m	+106.02% (above 0%: growing)	31.83%	(187.62%)	Compare
FORG ForgeRock, Inc.	$2.0B	— (loss-making)	— (loss-making)	+22.25% (above 0%: growing)	n/m	+28.02% (above 0%: growing)	77.49%	(51.61%)	Compare
EVTC Evertec, Inc.	$1.9B	20.3×	10.0×	+19.69% (above 0%: growing)	−85.71% (below 0%: shrinking)	+20.64% (above 0%: growing)	54.79%	19.39%	Compare
ATEN A10 Networks, Inc.	$1.8B	40.8×	41.0×	+15.50% (above 0%: growing)	−20.00% (below 0%: shrinking)	+53.34% (above 0%: growing)	79.09%	11.26%	Compare
NN NextNav Inc.	$1.8B	— (loss-making)	— (loss-making)	−4.33% (below 0%: shrinking)	n/m	−33.14% (below 0%: shrinking)	(78.70%)	(1,760.78%)	Compare
Median of peers	$2.0B	17.7×	11.7×	+15.50%	+3.73%	+40.68%	43.31%	(21.09%)

All 173 Software Infrastructure stocks →

Marqeta, Inc. (MQ) key facts

Strength: Marqeta, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $624.9 million, up 23.3% from fiscal 2024.
Marqeta, Inc. (MQ) is a Software Infrastructure company in the Technology sector, listed on Nasdaq.
As of October 16, 2026, MQ traded at $18.69, a market capitalization of $2.0 billion.
Return on equity was −1.51% and debt-to-equity 0.31.
Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 1.67 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.