Marqeta, Inc.
For the period ended Sep 30, 2025. Filed Nov 5, 2025.
View on SEC.govAbout this filing
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.
Sep 30, 2025 · Filed Nov 5, 2025
MQ$18.34-0.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income
(in thousands, except per share amounts)
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Net revenue | $163,306 | $127,967 | $452,771 | $371,205 |
| Costs of revenue | 48,749 | 37,835 | 135,474 | 117,559 |
| Gross profit | 114,557 | 90,132 | 317,297 | 253,646 |
| Operating expenses: | ||||
| Compensation and benefits | 84,871 | 100,964 | 252,330 | 299,120 |
| Technology | 16,942 | 16,317 | 47,855 | 44,204 |
| Professional services | 5,518 | 4,759 | 15,432 | 13,437 |
| Occupancy | 1,058 | 1,178 | 2,818 | 3,476 |
| Depreciation and amortization | 7,019 | 4,448 | 19,003 | 11,941 |
| Marketing and advertising | 895 | 582 | 2,075 | 1,688 |
| Other operating expenses | 8,624 | 4,115 | 15,920 | 11,438 |
| Executive chairman long-term performance award | — | — | — | (144,617) |
| Total operating expenses | 124,927 | 132,363 | 355,433 | 240,687 |
| (Loss) income from operations | (10,370) | (42,231) | (38,136) | 12,959 |
| Other income, net | 7,244 | 13,703 | 26,544 | 41,845 |
| (Loss) income before income tax expense | (3,126) | (28,528) | (11,592) | 54,804 |
| Income tax expense | 498 | 115 | 939 | 399 |
| Net (loss) income | $(3,624) | $(28,643) | $(12,531) | $54,405 |
| Other comprehensive income (loss), net of taxes: | ||||
| Change in foreign currency translation adjustment | 1,490 | 125 | 1,936 | (72) |
| Net change in unrealized gain (loss) on short-term investments | 9 | 1,981 | (225) | 143 |
| Net other comprehensive income | 1,499 | 2,106 | $1,711 | $71 |
| Comprehensive (loss) income | $(2,125) | $(26,537) | $(10,820) | $54,476 |
| Net (loss) income per share attributable to Class A and Class B common stockholders | ||||
| Basic | $(0.01) | $(0.06) | $(0.03) | $0.11 |
| Diluted | $(0.01) | $(0.06) | $(0.03) | $0.10 |
| Weighted-average shares used in computing net (loss) income per share attributable to Class A and Class B common stockholders | ||||
| Basic | 448,717 | 507,160 | 470,294 | 513,678 |
| Diluted | 448,717 | 507,160 | 470,294 | 522,394 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.