Marqeta, Inc. income statement
In fiscal 2025, Marqeta, Inc. reported revenue of $625m, up 23.3% on the year before, operating income of −$46.4m (a -7.4% margin) and net income of −$13.9m. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 143 | 290 | 517 | 748 | 676 | 507 | 625 | 677 |
| Cost of revenue | 83 | 172 | 285 | 428 | 347 | 155 | 188 | 203 |
| Gross profit | 60 | 118 | 232 | 320 | 330 | 352 | 437 | 474 |
| Operating income | −59 | −47 | −162 | −210 | −283 | −24 | −46 | −13 |
| Income before tax | −58 | −48 | −165 | −185 | −231 | 28 | −13 | 11 |
| Income tax | 0 | 0 | −1 | −0 | −8 | 1 | 1 | 1 |
| Net income | −58 | −48 | −164 | −185 | −223 | 27 | −14 | 10 |
| Diluted shares (average) | 342m | 369m | 363m | 545m | 533m | 519m | 462m | — |
| EBITDA | −56 | −44 | −158 | −206 | −272 | −7 | −19 | 21 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 128 | 136 | 139 | 150 | 163 | 172 | 166 | 176 |
| Cost of revenue | 38 | 38 | 40 | 46 | 49 | 52 | 48 | 54 |
| Gross profit | 90 | 98 | 99 | 104 | 115 | 120 | 118 | 122 |
| Operating income | −42 | −37 | −19 | −9 | −10 | −8 | 2 | 4 |
| Income before tax | −29 | −27 | −8 | −0 | −3 | −2 | 8 | 8 |
| Income tax | 0 | 0 | 0 | 0 | 0 | −0 | 0 | 1 |
| Net income | −29 | −27 | −8 | −1 | −4 | −1 | 8 | 8 |
| EBITDA | −38 | −32 | −13 | −3 | −3 | −0 | 11 | 13 |
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