Marqeta Inc
For the period ended Mar 31, 2024. Filed May 7, 2024.
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.
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.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Operations and Comprehensive Loss
(in thousands, except share and per share amounts)
| Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Net revenue | $117,968 | $217,343 |
| Costs of revenue | 33,807 | 128,179 |
| Gross profit | 84,161 | 89,164 |
| Operating expenses: | ||
| Compensation and benefits | 108,111 | 147,759 |
| Technology | 13,118 | 14,590 |
| Professional services | 3,870 | 5,437 |
| Occupancy | 1,094 | 1,154 |
| Depreciation and amortization | 3,537 | 1,980 |
| Marketing and advertising | 378 | 441 |
| Other operating expenses | 3,905 | 5,236 |
| Total operating expenses | 134,013 | 176,597 |
| Loss from operations | (49,852) | (87,433) |
| Other income, net | 13,926 | 11,672 |
| Loss before income tax expense | (35,926) | (75,761) |
| Income tax expense (benefit) | 134 | (6,960) |
| Net loss | $(36,060) | $(68,801) |
| Other comprehensive income (loss), net of taxes: | ||
| Change in foreign currency translation adjustment | (112) | 19 |
| Net change in unrealized (loss) gain on short-term investments | (1,474) | 4,035 |
| Net other comprehensive (loss) income | (1,586) | 4,054 |
| Comprehensive loss | $(37,646) | $(64,747) |
| Net loss per share attributable to common stockholders, basic and diluted | $(0.07) | $(0.13) |
| Weighted-average shares used in computing net loss per share attributable to common stockholders, basic and diluted | 517,987,361 | 539,744,130 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.