secwatch.observer — SEC 8-K summary
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Issuer:     Marqeta, Inc. (MQ)
CIK:        0001522540
Form:       8-K
Filed at:   2023-08-08T23:59:59+00:00
Accession:  0001628280-23-028190
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1522540/000162828023028190/0001628280-23-028190-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1522540/000162828023028190/mq-20230808.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-028190

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