---
schema_version: "secwatch.filing_event.v1"
accession: "0001522540-23-000023"
form_type: "8-K"
ticker: "MQ"
cik: "0001522540"
company_name: "Marqeta, Inc."
filed_at: "2023-05-09T23:59:59+00:00"
generated_at: "2026-06-15T08:58:58.033994+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Marqeta Q1 net loss widens to $69M; revenue up 31% to $217M, announces $200M buyback

## Summary
- TPV crossed $50B (+37% YoY); net revenue $217M (+31% YoY).
- GAAP net loss $68.8M ($0.13 loss per share); Adj. EBITDA loss $4M.
- Gross profit $89M (19% YoY), gross margin 41% (down from 45%).
- Board approves $200M share repurchase program for Class A common stock.
- Plans restructuring to reduce annual operating expenses by $40-45M.

## SEC filing metadata
- accession: 0001522540-23-000023
- form_type: 8-K
- ticker: MQ
- cik: 0001522540
- company_name: Marqeta, Inc.
- filed_at: 2023-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1522540/000152254023000023/0001522540-23-000023-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1522540/000152254023000023/mq-20230509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001522540-23-000023
- JSON: https://secwatch.observer/filing/0001522540-23-000023.json
- Plain text: https://secwatch.observer/filing/0001522540-23-000023.txt

## Key facts
- Earnings Releases
  Marqeta, Inc. reported financial results for first quarter ended March 31, 2023.
  - Period: first quarter ended March 31, 2023
  - Result: reported results
  source text: On May 9, 2023 , Marqeta, Inc. issued a press release announcing its financial results for the quarter ended March 31, 2023. A copy of the press release is furnished as Exhibit 99.1 to this current report on Form 8-K and is incorporated herein by reference.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1522540/000152254023000023/0001522540-23-000023-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.