Marqeta Q3 net revenue $192M (+46% YoY), gross profit $80M, net loss $53M

Marqeta, Inc.

Net revenue $192M, up 46% YoY; TPV $42B; gross margin 42%.
GAAP net loss $53M ($0.10 loss per share); Adjusted EBITDA loss $14M.
Launched Marqeta for Banking (7 banking products: ACH, instant funding, direct deposit).
New partnerships: Raiffeisen Digital Bank, Blockchain.com Visa card, Uber Pro card with Branch.
European data residency program launched for customer data storage.

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Marqeta, Inc. reported third quarter ended September 30, 2022 results: revenue $192 million, net income GAAP net loss was $53 million, EPS ($0.10).

Period: third quarter ended September 30, 2022
Revenue: $192 million
Net income: GAAP net loss was $53 million
EPS: ($0.10)
Result: reported results

Exact text from the filing

Marqeta, Inc. (NASDAQ: MQ), the global modern card issuing platform, today reported financial results for the third quarter ended September 30, 2022. Total processing volume (TPV) was $42 billion, with net revenue of $192 million. Gross profit was $80 million, an increase of 36% year over year, resulting in a gross margin of 42%. GAAP net loss was $53 million and Adjusted EBITDA loss was $14 million.

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Marqeta, Inc. filing history →

Source: SEC EDGAR

accession 0001522540-22-000055

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