Companies /Technology

Marqeta Inc - Class A

NASDAQ: MQ Software - Infrastructure
$16.21
â–² $0.13 (+0.81%) today
Markets closed · 10:08pm ET

Q1 2025 Earnings

Reported May 7, 2025, 4:07pm ET · SEC source
$-0.02
Beat +58.33%
EPS · est. $-0.05
$139.1M
Beat +2.79%
Revenue · est. $135.3M
+15.3%
Beating market
MQ vs S&P since report
6 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
0+4%+8%+12%May 7May 8report 4:07pm ETearnings+0.6%+9.5%
0+4%+8%+12%May 7May 8earnings+0.6%+9.5%
MQ +9.5%S&P 500 +0.6%
0+4%+8%+12%May 7May 8report 4:07pm ETearnings+1.0%+9.5%
0+4%+8%+12%May 7May 8earnings+1.0%+9.5%
MQ +9.5%NASDAQ +1.0%
−8%0+8%+16%May 6May 15report 4:07pm ETearnings+5.2%+19.2%
−8%0+8%+16%May 6May 15earnings+5.2%+19.2%
MQ +19.2%S&P 500 +5.2%
−8%0+8%+16%May 6May 15report 4:07pm ETearnings+7.4%+19.2%
−8%0+8%+16%May 6May 15earnings+7.4%+19.2%
MQ +19.2%NASDAQ +7.4%
+9.78%
Day of report
+2.45%
Next session
+11.36%
One week
+22.05%
30 days

S&P 500 over the same 30 days: +6.73%.

Did MQ Beat Earnings? Q1 2025 Results

Marqeta posted a notably improved first quarter for 2025, with net revenue climbing 18% year-over-year to $139.07 million and a GAAP loss of just $0.02 per share, as the card-issuing platform showed meaningful progress on profitability. The clearest driver of that improvement was cost discipline: total operating expenses fell 13% to $117.22 million, aided by the absence of a $13.12 million Executive Chairman Long-Term Performance Award that weighed on the prior-year period, helping narrow the GAAP net loss to $8.26 million from $36.06 million a year ago. Total Processing Volume rose 27% to $84.47 billion, reflecting continued platform adoption, while Adjusted EBITDA more than doubled to $20.08 million, expanding margin by 6 percentage points to 14%. Operating cash flow turned solidly positive at $9.99 million. Looking ahead, Marqeta guided Q2 net revenue growth of 11-13% and full-year 2025 net revenue growth of 13-15%, though the company flagged that a renegotiated platform partner agreement will affect net revenue presentation without impacting gross profit, a nuance investors will need to monitor closely.

Key Takeaways
  • Total Processing Volume growth of 27% year-over-year to $84 billion
  • Increased transaction volumes driving net revenue growth of 18%
  • 13% reduction in total operating expenses year-over-year
  • Elimination of Executive Chairman Long-Term Performance Award expense
  • Gross margin maintained at 71%

“Our Q1 results demonstrate our ability to execute our growth plans while simultaneously increasing our level of profitability.”

Marqeta CEO, on the earnings call

Forward Guidance & Outlook

For Q2 2025, Marqeta expects net revenue growth of 11-13%, gross profit growth of 23-25%, and Adjusted EBITDA margin of 10-11%. For fiscal year 2025, the company guides net revenue growth of 13-15%, gross profit growth of 14-16%, and Adjusted EBITDA margin of 10-11%. The company noted that net revenue guidance reflects the accounting impact of a renegotiated platform partner agreement, which does not impact gross profit.

MQ YoY Financials

Revenue$139.1M
Gross Profit$98.7M
Operating Income$-18,538,000
Net Income$-8,260,000

Figures from SEC filings and company reports. Not investment advice.