Marqeta Inc
For the period ended Mar 31, 2024. Filed May 7, 2024.
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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.
Mar 31, 2024 · Filed May 7, 2024
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 Cash Flows
(in thousands)
| Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities: | ||
| Net loss | $(36,060) | $(68,801) |
| Adjustments to reconcile net loss to net cash provided by operating activities: | ||
| Depreciation and amortization | 3,537 | 1,980 |
| Share-based compensation expense | 44,434 | 45,999 |
| Non-cash postcombination compensation expense | — | 32,430 |
| Non-cash operating leases expense | 674 | 607 |
| Amortization of premium (accretion of discount) on short-term investments | (978) | (975) |
| Other | 181 | 209 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (4,271) | 1,554 |
| Settlements receivable | (6,589) | 6,768 |
| Network incentives receivable | (416) | (16,702) |
| Prepaid expenses and other assets | 538 | 7,203 |
| Accounts payable | 115 | 224 |
| Revenue share payable | 16,219 | 4,674 |
| Accrued expenses and other liabilities | (16,020) | (24,907) |
| Operating lease liabilities | (938) | (809) |
| Net cash provided by (used in) operating activities | 426 | (10,546) |
| Cash flows from investing activities: | ||
| Purchases of property and equipment | (1,191) | (577) |
| Capitalization of internal-use software | (5,307) | (3,032) |
| Business combination, net of cash acquired | — | (131,914) |
| Purchases of short-term investments | — | (70,807) |
| Maturities of short-term investments | 40,000 | 108,000 |
| Net cash provided by (used in) investing activities | 33,502 | (98,330) |
| Cash flows from financing activities: | ||
| Proceeds from exercise of stock options, including early exercised stock options, net of repurchase of early exercised unvested options | 49 | 1,016 |
| Taxes paid related to net share settlement of restricted stock units | (10,917) | (3,746) |
| Repurchase of common stock | (33,675) | (21,826) |
| Net cash used in financing activities | (44,543) | (24,556) |
| Net decrease in cash, cash equivalents, and restricted cash | (10,615) | (133,432) |
| Cash, cash equivalents, and restricted cash- Beginning of period | 989,472 | 1,191,646 |
| Cash, cash equivalents, and restricted cash - End of period | $978,857 | $1,058,214 |
Condensed Consolidated Statements of Cash Flows
(in thousands)
| Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Reconciliation of cash, cash equivalents, and restricted cash | ||
| Cash and cash equivalents | $970,357 | $1,050,414 |
| Restricted cash | 8,500 | 7,800 |
| Total cash, cash equivalents, and restricted cash | $978,857 | $1,058,214 |
| Supplemental disclosures of non-cash investing and financing activities: | ||
| Purchase of property and equipment accrued and not yet paid | $2,982 | $134 |
| Share-based compensation capitalized to internal-use software | $2,080 | $1,028 |
| Repurchase of common stock, including excise tax, accrued and not yet paid | $146 | $232 |
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