Marqeta Inc
For the period ended Sep 30, 2024. Filed Nov 4, 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.
Sep 30, 2024 · Filed Nov 4, 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
| Nine Months Ended September 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities: | ||
| Net income (loss) | $54,405 | $(182,587) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||
| Depreciation and amortization | 11,941 | 7,582 |
| Share-based compensation expense | 103,258 | 95,911 |
| Executive chairman long-term performance award | (144,617) | 39,801 |
| Non-cash postcombination compensation expense | — | 32,430 |
| Non-cash operating leases expense | 1,017 | 1,870 |
| Amortization of premium (accretion of discount) on short-term investments | (2,650) | (5,525) |
| Other | 328 | 1,068 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (7,285) | (1,108) |
| Settlements receivable | 18,105 | (1,477) |
| Network incentives receivable | 7,140 | 8,086 |
| Prepaid expenses and other assets | 3,195 | 7,760 |
| Accounts payable | (3,274) | (4,350) |
| Revenue share payable | (6,564) | 4,289 |
| Accrued expenses and other liabilities | 545 | 3,331 |
| Operating lease liabilities | (2,129) | (2,499) |
| Net cash provided by operating activities | 33,415 | 4,582 |
| Cash flows from investing activities: | ||
| Purchases of property and equipment | (2,382) | (722) |
| Capitalization of internal-use software | (14,577) | (9,488) |
| Business combination, net of cash acquired | — | (135,630) |
| Purchases of short-term investments | — | (972,430) |
| Sales of marketable securities | — | 637,913 |
| Maturities of short-term investments | 54,000 | 437,034 |
| Realized gain (loss) on investments | — | (73) |
| Net cash provided by (used in) investing activities | 37,041 | (43,396) |
| Cash flows from financing activities: | ||
| Proceeds from exercise of stock options, including early exercised stock options, net of repurchase of early exercised unvested options | 121 | 4,081 |
| Payment on acquisition-related contingent consideration | — | (53,067) |
| Proceeds from shares issued in connection with employee stock purchase plan | 1,629 | 1,775 |
| Taxes paid related to net share settlement of restricted stock units | (29,043) | (18,553) |
| Repurchase of common stock | (137,718) | (131,519) |
| Net cash used in financing activities | (165,011) | (197,283) |
| Net decrease in cash, cash equivalents, and restricted cash | (94,555) | (236,097) |
| Cash, cash equivalents, and restricted cash- Beginning of period | 989,472 | 1,191,646 |
| Cash, cash equivalents, and restricted cash - End of period | $894,917 | $955,549 |
Condensed Consolidated Statements of Cash Flows
| Nine Months Ended September 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Reconciliation of cash, cash equivalents, and restricted cash | ||
| Cash and cash equivalents | $886,417 | $947,749 |
| Restricted cash | 8,500 | 7,800 |
| Total cash, cash equivalents, and restricted cash | $894,917 | $955,549 |
| Supplemental disclosures of non-cash investing and financing activities: | ||
| Purchase of property and equipment accrued and not yet paid | $2,240 | $77 |
| Share-based compensation capitalized to internal-use software | $5,489 | $3,530 |
| Repurchase of common stock, including excise tax, accrued and not yet paid | $4,373 | $2,417 |
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