Marqeta, Inc. (MQ) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 165.8M | 172.11M | 163.31M | 150.39M | 139.07M | 135.79M | 127.97M | 125.27M | 117.97M | 118.82M | 108.89M | 231.12M | 217.34M | 203.81M | 191.62M | 186.68M | 166.1M | 155.41M | 131.51M | 122.27M |
| Revenue Growth % | 19.22% | 26.75% | 27.62% | 20.05% | 17.89% | 14.28% | 17.52% | -45.8% | -45.72% | -41.7% | -43.17% | 23.8% | 30.85% | 31.14% | 45.71% | 52.68% | 53.82% | 76.21% | - | - |
| Cost of Goods Sold | 48.21M | 52.14M | 48.75M | 46.33M | 40.39M | 37.59M | 37.84M | 45.92M | 33.81M | 35.59M | 36.38M | 146.51M | 128.18M | 116.68M | 111.52M | 108.63M | 91.38M | 79.61M | 72.44M | 75.29M |
| COGS % of Revenue | 29.08% | 30.29% | 29.85% | 30.81% | 29.05% | 27.68% | 29.57% | 36.65% | 28.66% | 29.95% | 33.41% | 63.39% | 58.98% | 57.25% | 58.2% | 58.19% | 55.01% | 51.23% | 55.08% | 61.58% |
| Gross Profit | 117.59M | 119.97M | 114.56M | 104.06M | 98.68M | 98.2M | 90.13M | 79.35M | 84.16M | 83.23M | 72.51M | 84.61M | 89.16M | 87.12M | 80.1M | 78.05M | 74.73M | 75.8M | 59.07M | 46.98M |
| Gross Margin % | 70.92% | 69.71% | 70.15% | 69.19% | 70.95% | 72.32% | 70.43% | 63.35% | 71.34% | 70.05% | 66.59% | 36.61% | 41.02% | 42.75% | 41.8% | 41.81% | 44.99% | 48.77% | 44.92% | 38.42% |
| Gross Profit Growth % | 19.17% | 22.17% | 27.1% | 31.14% | 17.25% | 17.99% | 24.31% | -6.21% | -5.61% | -4.47% | -9.48% | 8.4% | 19.32% | 14.94% | 35.6% | 66.15% | 49.88% | 107.98% | - | - |
| Operating Expenses | 67.29M | 128.27M | 124.93M | 113.29M | 117.22M | 135.63M | 132.36M | -25.69M | 134.01M | 139.57M | 142.33M | 154.03M | 176.6M | 141.45M | 139.6M | 124.77M | 124M | 113.53M | 104.71M | 114.96M |
| OpEx % of Revenue | 40.59% | 74.53% | 76.5% | 75.33% | 84.28% | 99.88% | 103.44% | -20.51% | 113.6% | 117.46% | 130.71% | 66.65% | 81.25% | 69.4% | 72.85% | 66.83% | 74.65% | 73.05% | 79.62% | 94.03% |
| Selling, General & Admin | 1.16M | 174.34M | 6.41M | 87.18M | 93.13M | 108.91M | 107.48M | -47.83M | 113.45M | 118.67M | 121.46M | 133.28M | 154.79M | 120.27M | 114.32M | 105.7M | 106.79M | 96.61M | 90.75M | 102.99M |
| SG&A % of Revenue | 0.7% | 101.3% | 3.93% | 57.97% | 66.97% | 80.21% | 83.99% | -38.18% | 96.17% | 99.87% | 111.55% | 57.67% | 71.22% | 59.01% | 59.66% | 56.62% | 64.29% | 62.16% | 69% | 84.23% |
| Research & Development | 0 | 0 | 16.94M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | 10.37% | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 1000K | -1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | 2.09M | -8.29M | -10.37M | -9.23M | -18.54M | -37.42M | -42.23M | 105.04M | -49.85M | -56.34M | -69.83M | -69.42M | -87.43M | -54.32M | -59.5M | -46.72M | -49.27M | -37.73M | -45.64M | -67.99M |
| Operating Margin % | 1.26% | -4.82% | -6.35% | -6.14% | -13.33% | -27.56% | -33% | 83.85% | -42.26% | -47.41% | -64.12% | -30.04% | -40.23% | -26.65% | -31.05% | -25.03% | -29.66% | -24.28% | -34.7% | -55.61% |
| Operating Income Growth % | 111.3% | 77.84% | 75.44% | -108.79% | 62.81% | 33.57% | 39.52% | 251.31% | 42.98% | -3.71% | -17.36% | -48.6% | -77.45% | -43.98% | -30.36% | 31.28% | -362.56% | -187.91% | - | - |
| EBITDA | 10.95M | -3.03M | -451K | -2.58M | -13.21M | -31.91M | -37.78M | 109M | -46.31M | -53.18M | -66.72M | -66.93M | -85.45M | -53.3M | -58.56M | -45.8M | -48.29M | -36.76M | -44.85M | -67.11M |
| EBITDA Margin % | 6.6% | -1.76% | -0.28% | -1.71% | -9.5% | -23.5% | -29.53% | 87.01% | -39.26% | -44.75% | -61.27% | -28.96% | -39.32% | -26.15% | -30.56% | -24.53% | -29.07% | -23.65% | -34.1% | -54.89% |
| EBITDA Growth % | 182.9% | 90.49% | 98.81% | -102.36% | 71.48% | 40% | 43.37% | 262.86% | 45.8% | 0.24% | -13.93% | -46.14% | -76.95% | -44.99% | -30.57% | 31.76% | -395.57% | -200.97% | - | - |
| D&A (Non-Cash Add-back) | 8.85M | 5.26M | 9.92M | 6.65M | 5.33M | 5.52M | 4.45M | 3.96M | 3.54M | 3.16M | 3.11M | 2.49M | 1.98M | 1.02M | 934K | 921K | 979K | 967K | 786K | 874K |
| EBIT | 0 | -1.74M | -3.13M | -9.23M | -18.54M | -37.42M | -28.53M | 105.04M | -49.85M | -56.34M | -69.83M | -69.42M | -87.43M | -54.32M | -59.5M | -46.72M | -49.27M | -37.73M | -45.64M | -67.99M |
| Net Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | 5.93M | 6.56M | 7.24M | 8.79M | 10.51M | 10.7M | 13.7M | 14.22M | 13.93M | 14.93M | 15.07M | 10.76M | 11.67M | 28.47M | 6.33M | 1.8M | -11.68M | 142K | -57K | -481K |
| Pretax Income | 8.03M | -1.74M | -3.13M | -441K | -8.03M | -26.72M | -28.53M | 119.26M | -35.93M | -41.4M | -54.75M | -58.66M | -75.76M | -25.86M | -53.16M | -44.91M | -60.95M | -37.59M | -45.7M | -68.47M |
| Pretax Margin % | 4.84% | -1.01% | -1.91% | -0.29% | -5.77% | -19.68% | -22.29% | 95.2% | -30.45% | -34.85% | -50.28% | -25.38% | -34.86% | -12.69% | -27.74% | -24.06% | -36.69% | -24.19% | -34.75% | -56% |
| Income Tax | 193K | -343K | 498K | 206K | 235K | 394K | 115K | 150K | 134K | -1.03M | 238K | 138K | -6.96M | 471K | 5K | -227K | -351K | -781K | 35K | 87K |
| Effective Tax Rate % | 2.4% | 19.75% | -15.93% | -46.71% | -2.93% | -1.47% | -0.4% | 0.13% | -0.37% | 2.49% | -0.43% | -0.24% | 9.19% | -1.82% | -0.01% | 0.51% | 0.58% | 2.08% | -0.08% | -0.13% |
| Net Income | 7.83M | -1.39M | -3.62M | -647K | -8.26M | -27.12M | -28.64M | 119.11M | -36.06M | -40.38M | -54.99M | -58.8M | -68.8M | -26.33M | -53.17M | -44.69M | -60.6M | -36.81M | -45.73M | -68.55M |
| Net Margin % | 4.72% | -0.81% | -2.22% | -0.43% | -5.94% | -19.97% | -22.38% | 95.08% | -30.57% | -33.98% | -50.5% | -25.44% | -31.66% | -12.92% | -27.75% | -23.94% | -36.48% | -23.68% | -34.77% | -56.07% |
| Net Income Growth % | 194.84% | 94.86% | 87.35% | -100.54% | 77.09% | 32.83% | 47.91% | 302.57% | 47.59% | -53.37% | -3.43% | -31.57% | -13.54% | 28.48% | -16.27% | 34.81% | -372.02% | -167.49% | - | - |
| Net Income (Continuing) | 7.83M | -1.39M | -3.62M | -647K | -8.26M | -27.12M | -28.64M | 119.11M | -36.06M | -40.38M | -54.99M | -58.8M | -68.8M | -26.33M | -53.17M | -44.69M | -60.6M | -36.81M | -45.73M | -68.55M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.02 | -0.00 | -0.01 | -0.00 | -0.02 | -0.05 | -0.06 | 0.23 | -0.07 | -0.08 | -0.10 | -0.11 | -0.13 | -0.05 | -0.10 | -0.08 | -0.11 | -0.07 | -0.08 | -0.13 |
| EPS Growth % | 221.21% | 94.06% | 85.66% | -100.61% | 76.29% | 30.27% | 43.5% | 309.09% | 46.46% | -60.04% | -3.31% | -34.15% | -18.18% | 29.07% | -14.02% | 36.92% | -354.55% | -138.95% | - | - |
| EPS (Basic) | 0.02 | -0.00 | -0.01 | -0.00 | -0.02 | -0.05 | -0.06 | 0.23 | -0.07 | -0.08 | -0.10 | -0.11 | -0.13 | -0.05 | -0.10 | -0.08 | -0.11 | -0.07 | -0.08 | -0.13 |
| Diluted Shares Outstanding | 433.57M | 462.17M | 448.72M | 461.52M | 501.22M | 502.93M | 507.16M | 524.4M | 517.99M | 522.33M | 529.49M | 538.27M | 539.74M | 544.75M | 548.99M | 544.7M | 542.57M | 540.17M | 538.9M | 534.57M |
| Basic Shares Outstanding | 428.6M | 462.17M | 448.72M | 461.52M | 501.22M | 502.93M | 507.16M | 515.96M | 517.99M | 522.33M | 529.49M | 538.27M | 539.74M | 544.75M | 547.86M | 544.7M | 542.57M | 540.17M | 538.9M | 534.57M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |