{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-24-021086","form_type":"8-K","ticker":"MQ","cik":"0001522540","company_name":"Marqeta, Inc.","filed_at":"2024-05-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:18.809840+00:00","generated_at":"2026-06-02T17:55:41.883429+00:00","sec_items":["2.02","5.02","7.01","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Marqeta Q1: net rev $118M, adj EBITDA +$9M; exec chairman Gardner to step down; $200M buyback","bullets":["Net revenue $118M (-46% YoY) due to Cash App contract change; Gross profit $84M (-6%); GAAP net loss $36M.","Adjusted EBITDA positive $9M (8% margin); TPV $67B (+33% YoY).","Executive Chairman Jason Gardner to step down June 13, 2024; remains as director; forfeits performance award, resulting in $157.8M reversal of stock comp in Q2.","Board authorized $200M share repurchase program for Class A common stock.","Jud Linville named independent Chair; Gardner converted 17.71M Class B shares to Class A reducing voting power to ~40%."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-24-021086","json":"https://secwatch.observer/filing/0001628280-24-021086.json","markdown":"https://secwatch.observer/filing/0001628280-24-021086.md","text":"https://secwatch.observer/filing/0001628280-24-021086.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1522540/000162828024021086/0001628280-24-021086-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1522540/000162828024021086/mq-20240507.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T17:55:41.883429+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"e97ed5d38070f4727dc25141c72b90168afce2c6","claim":"Marqeta, Inc. reported the first quarter ended March 31, 2024 results: revenue $118 million, net income $36 million.","evidence_excerpt":"Marqeta reported Net Revenue of $118 million, a decrease of 46% year over year","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1522540/000162828024021086/0001628280-24-021086-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first quarter ended March 31, 2024"},{"label":"Revenue","value":"$118 million"},{"label":"Net income","value":"$36 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"f58df9f96a","claim":"Jason Gardner changed role as Executive Chairman at Marqeta, Inc..","evidence_excerpt":"On May 6, 2024, Jason Gardner informed the Company's Board of Directors (the \"Board\") and the Company agreed that Mr. Gardner would step down from his position as Executive Chairman, effective June 13, 2024","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1522540/000162828024021086/0001628280-24-021086-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"stepped down"},{"label":"Role","value":"Executive Chairman"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}