Marqeta, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Revenue | $624.9M | $507.0M | $676.2M | $748.2M | $517.2M | $290.3M | $143.3M |
| Cost of Revenue | $187.6M | $155.1M | $346.7M | $428.2M | $285.5M | $172.4M | $82.8M |
| Gross Profit | $437.3M | $351.8M | $329.5M | $320.0M | $231.7M | $117.9M | $60.5M |
| Gross Margin | 70.0% | 69.4% | 48.7% | 42.8% | 44.8% | 40.6% | 42.2% |
| Operating Expenses | |||||||
| Research & Development | — | — | — | — | — | — | — |
| SG&A Expense | — | — | — | — | — | — | — |
| Operating Income | $-46.4M | $-24.5M | $-283.0M | $-209.8M | $-162.0M | $-47.1M | $-58.9M |
| Operating Margin | -7.4% | -4.8% | -41.9% | -28.0% | -31.3% | -16.2% | -41.1% |
| Interest Expense | — | — | — | — | — | — | — |
| Pretax Income | $-13.3M | $28.1M | $-230.6M | $-184.9M | $-164.6M | $-47.6M | $-58.2M |
| Income Tax Expense | $596.0K | $793.0K | $-7.6M | $-102.0K | $-640.0K | $87.0K | $35.0K |
| Net Income | $-13.9M | $27.3M | $-223.0M | $-184.8M | $-163.9M | $-47.7M | $-58.2M |
| Net Margin | -2.2% | 5.4% | -33.0% | -24.7% | -31.7% | -16.4% | -40.6% |
| EPS (Basic) | $-0.03 | $0.05 | $-0.42 | $-0.34 | $-0.45 | $-0.13 | $-0.36 |
| EPS (Diluted) | $-0.03 | $0.05 | $-0.42 | $-0.34 | $-0.45 | $-0.13 | $-0.36 |
| Shares Outstanding (Basic) | 462.2M | 511.1M | 532.5M | 545.4M | 362.8M | 368.8M | 341.6M |
| Shares Outstanding (Diluted) | 462.2M | 518.8M | 532.5M | 545.4M | 362.8M | 368.8M | 341.6M |
| Dividends Per Share | — | — | — | — | — | — | — |