secwatch.observer — SEC 8-K summary
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Issuer:     Marqeta, Inc. (MQ)
CIK:        0001522540
Form:       8-K
Filed at:   2023-05-09T23:59:59+00:00
Accession:  0001522540-23-000023
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1522540/000152254023000023/0001522540-23-000023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1522540/000152254023000023/mq-20230509.htm
  HTML page:      https://secwatch.observer/filing/0001522540-23-000023

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