secwatch.observer — SEC 8-K summary
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Issuer:     Marqeta, Inc. (MQ)
CIK:        0001522540
Form:       8-K
Filed at:   2024-02-28T23:59:59+00:00
Accession:  0001628280-24-007593
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1522540/000162828024007593/0001628280-24-007593-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1522540/000162828024007593/mq-20240228.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-007593

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