Marqeta Inc
For the period ended Dec 31, 2023. Filed Feb 28, 2024.
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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.
FY2023 · Filed Feb 28, 2024
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
(in thousands, except share and per share amounts)
| Year Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Net revenue | $676,171 | $748,206 | $517,175 |
| Costs of revenue | 346,657 | 428,205 | 285,470 |
| Gross profit | 329,514 | 320,001 | 231,705 |
| Operating expenses: | |||
| Compensation and benefits | 499,595 | 415,094 | 318,116 |
| Technology | 55,612 | 52,361 | 33,637 |
| Professional services | 21,679 | 23,479 | 18,443 |
| Occupancy | 4,361 | 4,514 | 4,181 |
| Depreciation and amortization | 10,741 | 3,853 | 3,534 |
| Marketing and advertising | 2,566 | 3,995 | 2,284 |
| Other operating expenses | 17,975 | 26,513 | 13,516 |
| Total operating expenses | 612,529 | 529,809 | 393,711 |
| Loss from operations | (283,015) | (209,808) | (162,006) |
| Other income (expense), net | 52,440 | 24,926 | (2,563) |
| Loss before income tax expense | (230,575) | (184,882) | (164,569) |
| Income tax benefit | (7,613) | (102) | (640) |
| Net loss | $(222,962) | $(184,780) | $(163,929) |
| Net loss attributable to common stockholders | $(222,962) | $(184,780) | $(163,929) |
| Other comprehensive income (loss), net of taxes: | |||
| Change in foreign currency translation adjustment | $(40) | $(167) | $(14) |
| Net change in unrealized gain (loss) on short-term investments | 8,039 | (4,840) | (2,241) |
| Net other comprehensive income (loss) | 7,999 | (5,007) | (2,255) |
| Comprehensive loss | $(214,963) | $(189,787) | $(166,184) |
| Net loss per share attributable to common stockholders, basic and diluted | $(0.42) | $(0.34) | $(0.45) |
| Weighted-average shares used in computing net loss per share attributable to common stockholders, basic and diluted | 532,540,175 | 545,397,254 | 362,756,466 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.