Marqeta Q4 net revenue down 42% YoY to $119M; GAAP net loss $40M; TPV up 33% to $62B

Marqeta, Inc.

Q4 net revenue $118.8M, down 42% YoY, with 59 ppt negative impact from Cash App contract renewal.
GAAP net loss $40.4M ($0.08/share) vs $26.3M loss a year ago; Adjusted EBITDA income of $3M.
Full-year 2023 net revenue $676M (-10% YoY); GAAP net loss $223M; adjusted EBITDA loss $2M.
TPV $62B in Q4 (+33% YoY) and $222B for full year (+34% YoY); gross profit $83M in Q4 (-4% YoY).
Announced first credit card deals: ITS for T&E card and Affinipay/LawPay revolving credit card.

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Marqeta, Inc. reported the quarter and full year ended December 31, 2023 results: revenue $119 million, net income GAAP net loss of $40 million, EPS $(0.08).

Period: the quarter and full year ended December 31, 2023
Revenue: $119 million
Net income: GAAP net loss of $40 million
EPS: $(0.08)
Result: reported results

Exact text from the filing

FULL YEAR 2023 FINANCIAL RESULTS The global modern card issuing platform had $62 billion in fourth quarter total processing volume, up 33 percent year-over-year, and generated $119 million in fourth quarter net revenue. The Company's annual total processing volume was up 34 percent year-over-year to $222 billion, generating $676 million in annual revenue. OAKLAND,

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Source: SEC EDGAR

accession 0001628280-24-007593

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