MQ
Marqeta, Inc.4.9200
+0.1000+2.07%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Reassured on Cash App primacy
Q&A eased Cash App worries, updating diversification assumptions to gradual new issuance fade in H1 and none in H2, while management voiced strong confidence in staying primary via deep ties, scale, and sticky users. Competition remains stable, with Visa eyeing mega-scale but Marqeta's agility suiting innovative enterprise deals that ramp slower yet succeed bigger. No fresh renewal risks emerged; BNPL flex credentials boost stickiness without hurting economics. Europe and value-added services will outpace overall growth. Headwinds are timing quirks—momentum endures. Agility trumps scale alone.
Key Stats
Market Cap
2.21BP/E (TTM)
-Basic EPS (TTM)
-0.09Dividend Yield
0%Recent Filings
8-K
Marqeta Q4 TPV up 36%
Marqeta crushed Q4 2025 with TPV surging 36% to $109B and gross profit up 22% to $120M, while Adjusted EBITDA rocketed 142% to $31M. Full-year TPV hit $383B, up 31%, with Adjusted EBITDA leaping to $110M. Momentum builds via Uber's UK expansion and Four Technologies win. Q1 2026 guides 17-19% revenue growth; stock repurchases signal confidence, yet cash dipped.
10-K
FY2025 results
Marqeta's 10-K for FY2025 ended December 31, 2025 lacks financial statements, precluding analysis of annual revenue, profitability, or Q4 momentum. Exhibits reveal a CFO offer letter dated January 6, 2026 with $475K base, 75% target bonus, $250K sign-on, and ~$8.5M in RSUs/PSUs, signaling leadership transition. Key amendments to Block and Sutton Bank agreements in January 2026 expand to Debit Flex Cards and tighten compliance, monitoring, and non-compliance fees. No quarterly trends or EPS disclosed. Liquidity and capital allocation not detailed. Regulatory scrutiny risks could disrupt program momentum.
8-K
Marqeta names new CFO
Marqeta appointed Patti Kangwankij as CFO effective February 9, 2026, succeeding CEO Mike Milotich who steps down from the dual role. Kangwankij, with deep payments experience from Stripe and Roofstock, gets $475,000 base, 75% bonus target, $250,000 sign-on, and $8.5M in RSUs/PSUs. She'll drive financial strategy amid growth push. No family ties or conflicts disclosed.
8-K
Marqeta authorizes $100M buyback
Marqeta's board approved a $100 million Class A share repurchase program on December 4, 2025, separate from the fully exhausted 2025 program. Repurchases will occur via open market or private deals under Rule 10b5-1, at management's discretion amid market conditions. No end date. Board weighed liquidity and ownership impacts.
10-Q
Q3 FY2025 results
Marqeta's Q3 revenue jumped 28% y/y to $163.3M while gross margin held steady at 70%, yet operating loss narrowed to $10.4M from $42.2M thanks to 16% lower compensation costs. Platform services drove the growth, up 28% y/y, fueled by stronger financial services and lending volumes; non-GAAP metrics not disclosed in the 10-Q. Closed TransactPay acquisition in July 2025 for $59.9M (mostly cash), adding $30.0M goodwill, $21.4M indefinite-lived EMI licenses, and $6.9M customer relationships (2-year life), plus $233.9M restricted customer cash offset by matching liabilities. Cash plus short-term investments stood at $830.5M after $109.3M operating cash flow, though $316.4M share repurchases trimmed balances. Buybacks continue. Securities litigation settled in principle for $13.0M.
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