Marqeta, Inc.
For the period ended Jun 30, 2025. Filed Aug 6, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Aug 6, 2025
MQ$18.34-0.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations and Comprehensive Income (Loss
(in thousands, except per share amounts)
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Net revenue | $150,392 | $125,270 | $289,465 | $243,237 |
| Costs of revenue | 46,331 | 45,917 | 86,725 | 79,725 |
| Gross profit | 104,061 | 79,353 | 202,740 | 163,512 |
| Operating expenses (benefit): | ||||
| Compensation and benefits | 81,409 | 103,166 | 167,459 | 198,156 |
| Technology | 16,102 | 14,769 | 30,913 | 27,887 |
| Professional services | 4,219 | 4,808 | 9,914 | 8,678 |
| Occupancy | 843 | 1,204 | 1,760 | 2,298 |
| Depreciation and amortization | 6,653 | 3,956 | 11,984 | 7,493 |
| Marketing and advertising | 711 | 728 | 1,180 | 1,106 |
| Other operating expenses | 3,352 | 3,418 | 7,296 | 7,322 |
| Executive chairman long-term performance award | — | (157,738) | — | (144,617) |
| Total operating expenses (benefit) | 113,289 | (25,689) | 230,506 | 108,323 |
| (Loss) income from operations | (9,228) | 105,042 | (27,766) | 55,189 |
| Other income, net | 8,787 | 14,216 | 19,300 | 28,143 |
| (Loss) income before income tax expense | (441) | 119,258 | (8,466) | 83,332 |
| Income tax expense | 206 | 150 | 441 | 284 |
| Net (loss) income | $(647) | $119,108 | $(8,907) | $83,048 |
| Other comprehensive income (loss), net of taxes: | ||||
| Change in foreign currency translation adjustment | 320 | (85) | 446 | (197) |
| Net change in unrealized loss on short-term investments | (146) | (364) | (234) | (1,838) |
| Net other comprehensive income (loss) | 174 | (449) | $212 | $(2,035) |
| Comprehensive (loss) income | $(473) | $118,659 | $(8,695) | $81,013 |
| Net (loss) income per share attributable to Class A and Class B common stockholders | ||||
| Basic | $(0.00) | $0.23 | $(0.02) | $0.16 |
| Diluted | $(0.00) | $0.23 | $(0.02) | $0.16 |
| Weighted-average shares used in computing net (loss) income per share attributable to Class A and Class B common stockholders | ||||
| Basic | 461,517 | 515,959 | 481,260 | 516,973 |
| Diluted | 461,517 | 524,401 | 481,260 | 525,415 |
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