earnings
confidence high
sentiment positive
materiality 0.75
Marqeta Q3: TPV $74B (+30%), Gross Profit $90M (+24%), Net Loss narrows to $29M
Marqeta, Inc.
- Total Processing Volume $74B (+30% YoY); Net Revenue $128M (+18%); Gross Profit $90M (+24%).
- GAAP Net Loss improved to $29M from $55M loss prior year; Adjusted EBITDA positive at $9M.
- Announced Portfolio Migration service; completed migration of millions of Klarna cards in Europe.
- Launched Marqeta Flex for BNPL in payment apps; Affirm and Klarna as first BNPL providers.
- Introduced UX Toolkit to reduce development resources for cardholder touchpoints.