Marqeta, Inc.
For the period ended Dec 31, 2025. Filed Feb 24, 2026.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Feb 24, 2026
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
Consolidated Statements of Operations and Comprehensive (loss) Income
(in thousands, except share and per share amounts)
| Year Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Net revenue | $624,884 | $506,995 | $676,171 |
| Costs of revenue | 187,612 | 155,146 | 346,657 |
| Gross profit | 437,272 | 351,849 | 329,514 |
| Operating expenses (benefit): | |||
| Compensation and benefits | 340,419 | 397,595 | 446,381 |
| Technology | 65,005 | 60,059 | 55,612 |
| Professional services | 21,879 | 20,057 | 21,679 |
| Occupancy | 3,766 | 5,995 | 4,361 |
| Depreciation and amortization | 27,163 | 17,460 | 10,741 |
| Marketing and advertising | 5,073 | 2,986 | 2,566 |
| Other operating expenses | 20,397 | 16,780 | 17,975 |
| Executive chairman long-term performance award | — | (144,617) | 53,214 |
| Total operating expenses | 483,702 | 376,315 | 612,529 |
| Loss from operations | (46,430) | (24,466) | (283,015) |
| Other income, net | 33,101 | 52,546 | 52,440 |
| (Loss) income before income tax expense (benefit) | (13,329) | 28,080 | (230,575) |
| Income tax expense (benefit) | 596 | 793 | (7,613) |
| Net (loss) income | $(13,925) | $27,287 | $(222,962) |
| Net (loss) income attributable to common stockholders | $(13,925) | $27,287 | $(222,962) |
| Other comprehensive income (loss), net of taxes: | |||
| Change in foreign currency translation adjustment | $2,066 | $(468) | $(40) |
| Net change in unrealized (loss) gain on short-term investments | (243) | (608) | 8,039 |
| Net other comprehensive income (loss) | 1,823 | (1,076) | 7,999 |
| Comprehensive (loss) income | $(12,102) | $26,211 | $(214,963) |
| Net (loss) income per share attributable to Class A and Class B common stockholders | |||
| Basic | $(0.03) | $0.05 | $(0.42) |
| Diluted | $(0.03) | $0.05 | $(0.42) |
| Weighted-average shares used in computing net (loss) income per share attributable to Class A and Class B common stockholders | |||
| Basic | 462,168 | 511,065 | 532,540 |
| Diluted | 462,168 | 518,845 | 532,540 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.