Marqeta Q2 net revenue $231M (+24% YoY); extends Cash App contract through 2027

Marqeta, Inc.

TPV $54B (+33% YoY); net revenue $231M (+24%); gross profit $85M (+8%); gross margin 37%.
GAAP net loss $59M ($0.11 EPS loss) vs $44.7M loss a year ago; Adjusted EBITDA $1M.
Signed four-year extension with Block for Cash App Card through June 2027, effective July 1, 2023.
Expanded into Brazil via partnership with Fitbank as BIN sponsor for local card issuance.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Marqeta, Inc. reported quarter ended June 30, 2023 results: revenue $ 231,115, net income ($58,797), EPS ($0.11).

Period: quarter ended June 30, 2023
Revenue: $ 231,115
Net income: ($58,797)
EPS: ($0.11)
Result: reported results

Exact text from the filing

Three Months Ended June 30, % Change Six Months Ended June 30, % Change 2023 2022 2023 2022 Financial metrics: Net revenue $ 231,115 $ 186,678 24% $ 448,456 $ 352,780 27% Gross profit $ 84,609 $ 78,049 8% $ 173,771 $ 152,775 14% Gross margin 37 % 42 % 39 % 43 % Total operating expenses $154,030 $124,766 23% $330,624 $248,764 33% Net loss ($58,797) ($44,688) (32)% ($127,598) ($105,286) (21)% Net loss margin (25) % (24) % (28) % (30) % Net loss per share - basic and diluted ($0.11) ($0.08) (38)% ($0.24) ($0.19) (26)%

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8 earnings releases filed in the last 30 days. Browse all earnings releases →

Marqeta, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-23-028190

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