Marqeta Q1 TPV $84B (+27% YoY), net loss narrows to $8M from $36M

Marqeta, Inc.

Total Processing Volume $84B (+27% YoY); Net Revenue $139M (+18%) and Gross Profit $99M (+17%).
GAAP net loss of $8M, improved from $36M loss in Q1 2024; Adjusted EBITDA of $20M.
Net loss per share ($0.02) vs ($0.07) a year ago; gross margin steady at 71%.
Business wins: migrated Perpay Credit Card and launched Bitpanda Card across 26 European countries.

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