secwatch.observer — SEC 8-K summary
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Issuer:     Marqeta, Inc. (MQ)
CIK:        0001522540
Form:       8-K
Filed at:   2021-11-10T23:59:59+00:00
Accession:  0001522540-21-000023
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Marqeta Q3 net revenue $132M (+56% YoY); GAAP net loss $45.7M; COO appointed; lock-up ends Nov 12
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- Net revenue $132M, up 56% YoY; total processing volume $27.6B (+60% YoY).
- Gross profit $59M (+67% YoY); gross margin 45% (vs 42% prior year).
- GAAP net loss $45.7M (vs $12.3M loss Q3 2020); Adjusted EBITDA loss $4.9M.
- Appointed Vidya Peters as COO effective Nov 10; she also continues as interim CPO.
- IPO lock-up restrictions expected to end Nov 12, 2021 following earnings release.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1522540/000152254021000023/0001522540-21-000023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1522540/000152254021000023/mq-20211110.htm
  HTML page:      https://secwatch.observer/filing/0001522540-21-000023

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer