Marqeta, Inc.

For the period ended Mar 31, 2025. Filed May 7, 2025.

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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, 2025 · Filed May 7, 2025

MQ$18.34-0.3%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Operations and Comprehensive Loss

(in thousands, except per share amounts)

	Three Months Ended March 31,
	2025	2024
Net revenue	$139,073	$117,968
Costs of revenue	40,394	33,807
Gross profit	98,679	84,161
Operating expenses:
Compensation and benefits	86,050	94,990
Technology	14,811	13,118
Professional services	5,695	3,870
Occupancy	917	1,094
Depreciation and amortization	5,331	3,537
Marketing and advertising	469	378
Other operating expenses	3,944	3,905
Executive chairman long-term performance award	—	13,121
Total operating expenses	117,217	134,013
Loss from operations	(18,538)	(49,852)
Other income, net	10,513	13,926
Loss before income tax expense	(8,025)	(35,926)
Income tax expense	235	134
Net loss	$(8,260)	$(36,060)
Other comprehensive income (loss), net of taxes:
Change in foreign currency translation adjustment	126	(112)
Net change in unrealized loss on short-term investments	(88)	(1,474)
Net other comprehensive income (loss)	38	(1,586)
Comprehensive loss	$(8,222)	$(37,646)
Net loss per share attributable to Class A and Class B common stockholders
Basic	$(0.02)	$(0.07)
Diluted	$(0.02)	$(0.07)
Weighted-average shares used in computing net loss per share attributable to Class A and Class B common stockholders
Basic	501,222	517,987
Diluted	501,222	517,987

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.