Marqeta Q2 revenue up 76% to $122M; net loss $68.6M on growth investments

Marqeta, Inc.

Net revenue $122M (+76% YoY); TPV $26.5B (+76% YoY).
Gross profit $47M (+70%); GAAP net loss $68.6M vs $7.1M loss year ago.
Adjusted EBITDA loss of $10.6M; net loss per share $0.29.
Key wins: Google Pay digital card, Affirm agreement extended to 2024; BNPL vertical revenue up 350%.
Added CRO Darren Mowry (ex-AWS) and CTO Randy Kern (ex-Salesforce).

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