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Marqeta, Inc. (MQ) 10-Year Financial Performance & Capital Metrics

MQ • • Industrial / General
TechnologyInfrastructure SoftwarePayment Processing & Digital CommerceFinancial Infrastructure & Billing
AboutMarqeta, Inc. operates a cloud-based open application programming interface platform that delivers card issuing and transaction processing services to developers, technical product managers, and visionary entrepreneurs. It offers its solutions in various verticals, including commerce disruptors, digital banks, tech giants, and financial institutions. As of December 31, 2021, the company had approximately 200 customers. Marqeta, Inc. was incorporated in 2010 and is headquartered in Oakland, California.Show more
  • Revenue $507M -25.0%
  • EBITDA -$7M +97.4%
  • Net Income $27M +112.2%
  • EPS (Diluted) 0.05 +112.5%
  • Gross Margin 69.4% +42.4%
  • EBITDA Margin -1.38% +96.6%
  • Operating Margin -4.83% +88.5%
  • Net Margin 5.38% +116.3%
  • ROE 2.34% +114.3%
  • ROIC -8.07% +89.0%
  • Debt/Equity 0.01 -10.5%
  • Interest Coverage -
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Company is almost debt free
  • ✓Strong Piotroski F-Score: 7/9
  • ✓High quality earnings: Operating CF exceeds net income
  • ✓Strong 5Y sales CAGR of 28.8%
  • ✓Share count reduced 2.6% through buybacks

✗Weaknesses

  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y28.76%
3Y-0.66%
TTM20.11%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM-382.6%

EPS CAGR

10Y-
5Y-
3Y-
TTM-407.52%

ROCE

10Y Avg-18.37%
5Y Avg-14.63%
3Y Avg-12.12%
Latest-2.09%

Peer Comparison

Financial Infrastructure & Billing
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Size & Scale
Valuation
Per Share
Growth
Profitability
Quality & Returns
Safety & Leverage
TTM Growth
Famous Investor Metrics
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Latest Quarter
Momentum & Returns
Total Return (DRIP)
Technical
Volume & Trading
Shares & Dilution
Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
MQMarqeta, Inc.1.8B4.4183.84-25.02%-6.74%-4.72%3.1%0.01
PAYSPaySign, Inc.259.8M4.7268.8023.5%10.1%16.53%5.18%0.10
CSGSCSG Systems International, Inc.2.27B79.4826.232.39%6.85%28.79%5%2.03
CPAYCorpay, Inc.23.14B330.7723.685.77%24.37%25.52%7.63%2.54
PAYOPayoneer Global Inc.1.92B5.4017.4217.64%6.96%9.64%6.05%0.03
IMXIInternational Money Express, Inc.460.64M15.508.66-0.01%6.26%26.14%5.01%1.35
ATCHAtlasClear Holdings, Inc.38.17M0.26-0.69171.31%-44.2%-79.32%4.12%
LSAKLesaka Technologies, Inc.392.68M4.67-4.1016.92%-11.78%-32.78%0.90

Profit & Loss

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+143.27M290.29M517.17M748.21M676.17M507M
Revenue Growth %-1.03%0.78%0.45%-0.1%-0.25%
Cost of Goods Sold+82.81M172.38M285.47M428.2M346.66M155.15M
COGS % of Revenue0.58%0.59%0.55%0.57%0.51%0.31%
Gross Profit+60.45M117.91M231.71M320M329.51M351.85M
Gross Margin %0.42%0.41%0.45%0.43%0.49%0.69%
Gross Profit Growth %-0.95%0.97%0.38%0.03%0.07%
Operating Expenses+119.32M164.99M393.71M529.81M612.53M376.31M
OpEx % of Revenue0.83%0.57%0.76%0.71%0.91%0.74%
Selling, General & Admin101.32M143M343.02M447.08M528.2M282.02M
SG&A % of Revenue0.71%0.49%0.66%0.6%0.78%0.56%
Research & Development000000
R&D % of Revenue------
Other Operating Expenses17.99M22M50.69M82.73M84.33M94.3M
Operating Income+-58.86M-47.09M-162.01M-209.81M-283.01M-24.47M
Operating Margin %-0.41%-0.16%-0.31%-0.28%-0.42%-0.05%
Operating Income Growth %-0.2%-2.44%-0.3%-0.35%0.91%
EBITDA+-55.78M-43.59M-158.47M-205.96M-272.27M-7.01M
EBITDA Margin %-0.39%-0.15%-0.31%-0.28%-0.4%-0.01%
EBITDA Growth %-0.22%-2.64%-0.3%-0.32%0.97%
D&A (Non-Cash Add-back)3.08M3.5M3.53M3.85M10.74M17.46M
EBIT-58.86M-47.09M-162.01M-209.81M-283.01M-24.47M
Net Interest Income+000000
Interest Income000000
Interest Expense000000
Other Income/Expense698K-521K-2.56M24.93M52.44M52.55M
Pretax Income+-58.16M-47.61M-164.57M-184.88M-230.57M28.08M
Pretax Margin %-0.41%-0.16%-0.32%-0.25%-0.34%0.06%
Income Tax+35K87K-640K-102K-7.61M793K
Effective Tax Rate %1%1%1%1%0.97%0.97%
Net Income+-58.2M-47.7M-163.93M-184.78M-222.96M27.29M
Net Margin %-0.41%-0.16%-0.32%-0.25%-0.33%0.05%
Net Income Growth %-0.18%-2.44%-0.13%-0.21%1.12%
Net Income (Continuing)-58.2M-47.7M-163.93M-184.78M-222.96M27.29M
Discontinued Operations000000
Minority Interest000000
EPS (Diluted)+-0.11-0.09-0.30-0.34-0.420.05
EPS Growth %-0.19%-2.38%-0.13%-0.24%1.13%
EPS (Basic)-0.11-0.09-0.30-0.34-0.420.05
Diluted Shares Outstanding537.06M537.06M541.38M545.4M532.54M518.85M
Basic Shares Outstanding537.06M537.06M541.38M545.4M532.54M511.06M
Dividend Payout Ratio------

Balance Sheet

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+197.21M430.91M1.8B1.75B1.39B1.25B
Cash & Short-Term Investments155.57M370.34M1.71B1.62B1.25B1.1B
Cash Only60.34M220.43M1.25B1.18B980.97M923.02M
Short-Term Investments95.22M149.9M464.49M440.86M268.72M179.41M
Accounts Receivable26.46M41.43M56.19M80.86M109.19M118.59M
Days Sales Outstanding67.4252.0939.6639.4558.9485.38
Inventory0781K3.94M5.15M4.31M3.68M
Days Inventory Outstanding-1.655.044.394.548.65
Other Current Assets9.15M10.03M11.86M14.67M10.54M11.33M
Total Non-Current Assets+25.99M26.77M31.65M23.58M200.99M213.91M
Property, Plant & Equipment25.77M22.89M20.98M16.45M25.25M40.23M
Fixed Asset Turnover5.56x12.68x24.65x45.47x26.78x12.60x
Goodwill0000123.52M123.52M
Intangible Assets000035.63M29.77M
Long-Term Investments008.38M000
Other Non-Current Assets218K3.89M2.29M5.92M16.09M19.98M
Total Assets+223.19M457.68M1.83B1.77B1.59B1.46B
Asset Turnover0.64x0.63x0.28x0.42x0.43x0.35x
Asset Growth %-1.05%3%-0.03%-0.1%-0.08%
Total Current Liabilities+64.31M141.1M237.97M282.88M336.58M370.99M
Accounts Payable32.64M80.55M123.87M145.99M175.06M193.93M
Days Payables Outstanding143.85170.56158.38124.44184.33456.23
Short-Term Debt00007.89M7.72M
Deferred Revenue (Current)684K1000K1000K1000K1000K1000K
Other Current Liabilities11.39M23.61M36.34M43.76M45.85M47.62M
Current Ratio3.07x3.05x7.56x6.17x4.13x3.37x
Quick Ratio3.07x3.05x7.54x6.16x4.11x3.36x
Cash Conversion Cycle--116.82-113.68-80.61-120.85-362.21
Total Non-Current Liabilities+21.54M28.42M18.98M14.51M9.72M7.2M
Long-Term Debt000000
Capital Lease Obligations17.67M15.45M12.43M9.03M5.13M870K
Deferred Tax Liabilities000000
Other Non-Current Liabilities947K4.1M450K1.27M520K1.55M
Total Liabilities85.85M169.52M256.95M297.39M346.3M378.19M
Total Debt+19.73M18.22M15.45M12.43M16.93M13.22M
Net Debt-40.61M-202.21M-1.23B-1.17B-964.05M-909.8M
Debt / Equity0.14x0.06x0.01x0.01x0.01x0.01x
Debt / EBITDA------
Net Debt / EBITDA------
Interest Coverage------
Total Equity+137.34M288.16M1.57B1.47B1.24B1.09B
Equity Growth %-1.1%4.46%-0.06%-0.16%-0.13%
Book Value per Share0.260.542.912.702.332.09
Total Shareholders' Equity137.34M288.16M1.57B1.47B1.24B1.09B
Common Stock12K13K54K53K52K50K
Retained Earnings-205.83M-253.52M-417.45M-602.23M-825.2M-797.91M
Treasury Stock000000
Accumulated OCI46K25K-2.23M-7.24M762K-314K
Minority Interest000000

Cash Flow

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-15.43M50.27M56.97M-12.97M21.1M58.17M
Operating CF Margin %-0.11%0.17%0.11%-0.02%0.03%0.11%
Operating CF Growth %-4.26%0.13%-1.23%2.63%1.76%
Net Income-58.2M-47.7M-163.93M-184.78M-222.96M27.29M
Depreciation & Amortization3.08M3.5M3.53M3.85M10.74M17.46M
Stock-Based Compensation21.76M28.21M142.66M107.53M180.74M-8.05M
Deferred Taxes000000
Other Non-Cash Items2.36M4.5M6.39M50.15M31.2M193K
Working Capital Changes15.58M61.76M68.32M10.28M21.39M21.29M
Change in Receivables-15.06M-16.85M-13.72M-21.6M-27.6M-11.2M
Change in Inventory000000
Change in Payables1.61M-839K190K254K29.5M-350K
Cash from Investing+-100.32M-57.56M-329.12M28.72M38.52M70.79M
Capital Expenditures-4.91M-2.38M-2.74M-2.32M-762K-2.42M
CapEx % of Revenue0.03%0.01%0.01%0%0%0%
Acquisitions------
Investments------
Other Investing000-1.6M-11.89M-18.79M
Cash from Financing+139.05M167.38M1.3B-79.49M-261.79M-186.91M
Debt Issued (Net)------
Equity Issued (Net)------
Dividends Paid000000
Share Repurchases------
Other Financing1.06M436K-20.51M-1.35M-71.37M-32.49M
Net Change in Cash------
Free Cash Flow+-20.34M47.9M54.23M-16.89M8.45M55.75M
FCF Margin %-0.14%0.16%0.1%-0.02%0.01%0.11%
FCF Growth %-3.36%0.13%-1.31%1.5%5.6%
FCF per Share-0.040.090.10-0.030.020.11
FCF Conversion (FCF/Net Income)0.27x-1.05x-0.35x0.07x-0.09x2.13x
Interest Paid317K00000
Taxes Paid1K109K201K84K430K396K

Key Ratios

Metric201920202021202220232024
Return on Equity (ROE)-42.38%-22.42%-17.61%-12.13%-16.42%2.34%
Return on Invested Capital (ROIC)-45.64%-38.66%-56.88%-48.96%-73.08%-8.07%
Gross Margin42.2%40.62%44.8%42.77%48.73%69.4%
Net Margin-40.62%-16.43%-31.7%-24.7%-32.97%5.38%
Debt / Equity0.14x0.06x0.01x0.01x0.01x0.01x
FCF Conversion0.27x-1.05x-0.35x0.07x-0.09x2.13x
Revenue Growth-102.62%78.16%44.67%-9.63%-25.02%

Revenue by Segment

2021202220232024
Platform Service Revenue, Net502.3M725.63M654.55M481.67M
Platform Service Revenue, Net Growth-44.46%-9.80%-26.41%
Other Services Revenue14.88M22.58M21.62M25.33M
Other Services Revenue Growth-51.74%-4.25%17.17%

Frequently Asked Questions

Valuation & Price

Marqeta, Inc. (MQ) has a price-to-earnings (P/E) ratio of 83.8x. This suggests investors expect higher future growth.

Growth & Financials

Marqeta, Inc. (MQ) reported $588.6M in revenue for fiscal year 2024. This represents a 311% increase from $143.3M in 2019.

Marqeta, Inc. (MQ) saw revenue decline by 25.0% over the past year.

Marqeta, Inc. (MQ) reported a net loss of $39.6M for fiscal year 2024.

Dividend & Returns

Marqeta, Inc. (MQ) has a return on equity (ROE) of 2.3%. This is below average, suggesting room for improvement.

Marqeta, Inc. (MQ) generated $106.3M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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