Marqeta Inc
For the period ended Dec 31, 2024. Filed Feb 26, 2025.
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.
FY2024 · Filed Feb 26, 2025
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
Item 8. Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Cash flows from operating activities: | |||
| Net Income (loss) | $27,287 | $(222,962) | $(184,780) |
| Adjustments to reconcile net loss to net cash provided by operating activities: | |||
| Depreciation and amortization | 17,460 | 10,741 | 3,853 |
| Share-based compensation expense | 136,562 | 127,525 | 107,529 |
| Executive chairman long-term performance award | (144,617) | 53,214 | 53,214 |
| Non-cash operating leases expense | 1,756 | 2,527 | 2,281 |
| Non-cash postcombination compensation expense | — | 32,430 | — |
| Amortization of premium on short-term investments | (3,232) | (4,495) | 277 |
| Gain on sale of equity method investment | — | — | (17,889) |
| Impairment of other financial instruments | — | — | 11,616 |
| Other | 1,669 | 736 | 649 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (11,202) | (4,556) | (2,577) |
| Settlements receivable | 13,719 | (11,894) | (6,762) |
| Network incentives receivable | (12,969) | (11,146) | (12,262) |
| Prepaid expenses and other assets | 462 | 7,900 | (8,621) |
| Accounts payable | (350) | (1,956) | 254 |
| Revenue share payable | 19,754 | 31,451 | 21,015 |
| Accrued expenses and other liabilities | 15,112 | 14,983 | 22,257 |
| Operating lease liabilities | (3,241) | (3,394) | (3,020) |
| Net cash provided by (used in) operating activities | 58,170 | 21,104 | (12,966) |
| Cash flows from investing activities: | |||
| Purchases of property and equipment | (2,418) | (762) | (2,319) |
| Capitalization of internal-use software | (18,794) | (11,889) | — |
| Business combination, net of cash acquired | — | (135,777) | — |
| Purchase of patents | — | — | (1,600) |
| Purchases of short-term investments | — | (892,430) | (70,495) |
| Sales of short-term investments | — | 577,934 | — |
| Maturities of short-term investments | 92,000 | 501,534 | 77,400 |
| Realized gain (loss) on investments | — | (94) | — |
| Sale of equity method investment | — | — | 25,732 |
| Net cash provided by investing activities | 70,788 | 38,516 | 28,718 |
| Cash flows from financing activities: | |||
| Proceeds from exercise of stock options, including early exercised stock options, net of repurchase of early exercised unvested options | 203 | 5,289 | 9,249 |
| Payment on acquisition-related contingent consideration | — | (53,067) | — |
| Proceeds from shares issued in connection with employee stock purchase plan | 2,715 | 3,066 | 4,762 |
| Taxes paid related to net share settlement of restricted stock units | (35,407) | (26,662) | (15,362) |
| Repurchase of common stock | (154,425) | (190,420) | (78,136) |
| Net cash used in financing activities | (186,914) | (261,794) | (79,487) |
| Decrease in cash, cash equivalents, and restricted cash | (57,956) | (202,174) | (63,735) |
| Cash, cash equivalents, and restricted cash - Beginning of period | 989,472 | 1,191,646 | 1,255,381 |
| Cash, cash equivalents, and restricted cash - End of period | $931,516 | $989,472 | $1,191,646 |
Consolidated Statements of Cash Flows
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Reconciliation of cash, cash equivalents, and restricted cash | |||
| Cash and cash equivalents | $923,016 | $980,972 | $1,183,846 |
| Restricted cash | 8,500 | 8,500 | 7,800 |
| Total cash, cash equivalents, and restricted cash | $931,516 | $989,472 | $1,191,646 |
| Supplemental disclosures of cash flow information: | |||
| Cash paid for operating lease liabilities | $4,581 | $4,239 | $4,112 |
| Cash paid for interest | $— | $— | $— |
| Cash paid for income taxes | $396 | $430 | $84 |
| Supplemental disclosures of non-cash investing and financing activities: | |||
| Purchase of property and equipment accrued and not yet paid | $2,129 | $113 | $563 |
| Share-based compensation capitalized to internal-use software | $7,059 | $4,492 | $— |
| Repurchase of common stock, including excise tax, accrued and not yet paid | $906 | $991 | $1,065 |
| Vesting of early exercised stock options | $— | $— | $298 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.