Marqeta Q2 net revenue $187M (+53% YoY); gross margin 42% vs 38% year ago

Marqeta, Inc.

Total processing volume $40B, up 53% YoY.
Gross profit $78M (+66% YoY); gross margin improved to 42% from 38%.
GAAP net loss $45M ($0.08 per share) vs $68.6M loss ($0.29) a year ago.
Adjusted EBITDA loss $10M, narrowing from prior year.
Business updates: Western Union partnership in Europe, 40+ new credit APIs, Opal Plus transit program in Australia.

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