Marqeta Q4 TPV $109B (+36% YoY), Gross Profit $120M (+22%), Net Loss $1M

Marqeta, Inc.

Q4 TPV $109B (+36% YoY); Net Revenue $172M (+27%); Gross Profit $120M (+22%).
Q4 GAAP Net Loss narrowed to $1M from $27M a year ago; Adjusted EBITDA $31M.
Full year 2025 TPV $383B (+31%); Net Revenue $625M (+23%); Gross Profit $437M (+24%).
Full year GAAP Net Loss $14M vs prior-year net income $27M; Adjusted EBITDA $110M.
Business momentum: Uber UK driver funds access, Four Technologies onboarding, enhanced AI/ML risk product.

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