secwatch / observer

Marqeta, Inc. — fact timeline

Source-grounded facts extracted from Marqeta, Inc.'s SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

MQ Marqeta, Inc. JSON
Shareholder Votes

Marqeta, Inc. shareholders approved Non-binding advisory vote on the compensation paid to named executive officers at the 2026-06-10 meeting.

“Proposal 5 : Holders of the Company’s Class A and Class B common stock voted to approve, on a non-binding advisory basis, the compensation paid to the Company’s named executive officers. The final voting results are as follows: For: 389,625,862 Against: 106,659,393 Abstain: 1,041,334 Broker Non-Votes: 78,811,104”
Shareholder Votes

Marqeta, Inc. shareholders approved Amendment to Amended and Restated Certificate of Incorporation to provide for officer exculpation as permitted by Delaware law at the 2026-06-10 meeting.

“Proposal 4 : Holders of the Company’s Class A and Class B common stock voted to approve an amendment to the Company's Amended and Restated Certificate of Incorporation to provide for officer exculpation as permitted by Delaware law. The final voting results are as follows: For: 391,167,767 Against: 105,868,988 Abstain: 289,834 Broker Non-Votes: 78,811,104”
Shareholder Votes

Marqeta, Inc. shareholders approved Amendment to Amended and Restated Certificate of Incorporation to effect a 1-for-4 reverse stock split and related reduction of authorized Common Stock and Preferred Stock at the 2026-06-10 meeting.

“Proposal 3 : Holders of the Company’s Class A and Class B common stock voted to approve an amendment to the Company's Amended and Restated Certificate of Incorporation to effect a 1-for-4 reverse stock split and related reduction of the Company's authorized Common Stock and Preferred Stock. There were no broker non-votes on this proposal. The final voting results are as follows: For: 556,674,402 Against: 19,097,624 Abstain: 365,667”
Shareholder Votes

Marqeta, Inc. shareholders approved Ratify the selection of KPMG LLP as independent registered public accounting firm for fiscal year ending December 31, 2026 at the 2026-06-10 meeting.

“Proposal 2 : Holders of the Company’s Class A and Class B common stock voted to ratify the selection of KPMG LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2026. There were no broker non-votes on this proposal. The final voting results are as follows: For: 574,083,887 Against: 1,562,679 Abstain: 491,127”
Shareholder Votes

Marqeta, Inc. shareholders approved Election of four Class II director nominees at the 2026-06-10 meeting.

“Proposal 1 : Holders of the Company’s Class A and Class B common stock voted to elect the four Class II director nominees to the Company’s Board of Directors, each to hold office until the annual meeting of stockholders in 2029 and until their successors have been duly elected and qualified or until such director’s earlier death, resignation, or removal. The final voting results are as follows: Nominee For Withheld Broker Non-Votes Najuma Atkinson 436,680,233 60,646,356 78,811,104 Martha Cummings 408,511,946 88,814,643 78,811,104 Judson (Jud) Linville 458,659,825 38,666,764 78,811,104 Michael (Mike) Milotich 494,797,547 2,529,042 78,811,104”

Lukasz Strozek was appointed as Chief Technology Officer at Marqeta, Inc..

“announced the appointment of Lukasz Strozek as Chief Technology Officer, effective May 18, 2026.”
Earnings Releases

Marqeta, Inc. reported the quarter ended March 31, 2026 results: revenue $166 million, net income $8 million.

“quarter ended March 31, 2026. The Company reported Total Processing Volume (TPV) of $112 billion, representing a year-over-year increase of 33%. Marqeta reported Net Revenue of $166 million and Gross Profit of $118 million, both growing 19% year-over-year. GAAP Net Income for the quarter was $8 million and Adjusted EBITDA was $33 million. “Our first quarter results”

Elaine Paul was appointed as Director at Marqeta, Inc..

“As of April 18, 2025, the Board appoints Wendy Thomas to serve as a Class I member of the Board, and Elaine Paul to serve as a Class III member of the Board.”

Wendy Thomas was appointed as Director at Marqeta, Inc..

“As of April 18, 2025, the Board appoints Wendy Thomas to serve as a Class I member of the Board, and Elaine Paul to serve as a Class III member of the Board.”

Helen Riley resigned as Director at Marqeta, Inc..

“On April 10, 2025, Helen Riley notified the Board of her intent to resign from the Board effective as of the Annual Meeting.”

Godfrey Sullivan resigned as Director at Marqeta, Inc..

“On April 10, 2025, Godfrey Sullivan notified the Board of Directors (the “Board”) of Marqeta, Inc. (the “Company”) of his intent to resign from the Board effective as of the Annual Meeting of Shareholders on June 12, 2025 (the “Annual Meeting”).”

Michael (Mike) Milotich was appointed as Interim Chief Executive Officer at Marqeta, Inc..

“the Board of Directors (the “Board”) has appointed Michael (Mike) Milotich as Interim Chief Executive Officer (principal executive officer), effective immediately.”

Simon Khalaf departed as Chief Executive Officer and Director at Marqeta, Inc..

“Simon Khalaf, who has stepped down as Chief Executive Officer and as a director as of February 24, 2025.”

Randy Kern departed as Chief Product and Technology Officer at Marqeta, Inc..

“On November 1, 2024, Marqeta announced that Randy Kern was no longer the Chief Product and Technology Officer of the Company, effective immediately (the “Initial Transition Date”).”

Randy Kern departed as Chief Product and Technology Officer at Marqeta, Inc..

“On November 1, 2024, Marqeta announced that Randy Kern was no longer the Chief Product and Technology Officer of the Company, effective immediately.”

R. Mark Graf was appointed as Director at Marqeta, Inc..

“On July 19, 2024, the Board appointed R. Mark Graf to serve as a Class I member of the Board.”

Arnon Dinur resigned as Director at Marqeta, Inc..

“On July 19, 2024, Arnon Dinur resigned from the Board of Directors (the “Board”) of Marqeta, Inc.”
Earnings Releases

Marqeta, Inc. reported the first quarter ended March 31, 2024 results: revenue $118 million, net income $36 million.

“Marqeta reported Net Revenue of $118 million, a decrease of 46% year over year”

Jason Gardner changed role as Executive Chairman at Marqeta, Inc..

“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”
Auditor Changes

Marqeta, Inc. engaged KPMG LLP as its auditor.

“On March 1, 2024, the Audit Committee approved the engagement of KPMG as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2024, effective immediately.”
Auditor Changes

Marqeta, Inc. dismissed Ernst & Young LLP as its auditor.

“(a) Dismissal of Previous Independent Registered Public Accounting Firm On March 1, 2024 , the Audit Committee (the “Audit Committee”) of the Board of Directors of Marqeta, Inc. (the “Company”) dismissed Ernst & Young LLP (“EY”) as the Company's independent registered public accounting firm, effective immediately.”
Earnings Releases

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).

“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,”
Earnings Releases

Marqeta, Inc. reported third quarter ended September 30, 2023 results: revenue $109 million, net income $55 million.

“Marqeta reported net revenue of $109 million, a decrease of 43% year over year”
Material Agreements

Marqeta, Inc. amended the Amendment with Block, Inc. (formerly Square, Inc., or "Block") (effective 2023-11-03).

“On November 3, 2023 , Marqeta, Inc. (the “Company”) executed a contract amendment (“the Amendment”) to its Master Services Agreement with Block, Inc. (formerly Square, Inc., or “Block”).”
Material Agreements

Marqeta, Inc. amended the Amendment with Block, Inc. (formerly Square, Inc., or "Block") (effective 2023-08-04).

“On August 4, 2023 , the Company executed a contract amendment (“the Amendment”) to its Master Services Agreement with Block, Inc. (formerly Square, Inc., or “Block”).”
Earnings Releases

Marqeta, Inc. reported quarter ended June 30, 2023 results: revenue $ 231,115, net income ($58,797), EPS ($0.11).

“Three Months Ended June 30, % Change Six Months Ended June 30, % Change 2023 2022 2023 2022 Financial metrics: Net revenue $ 231,115 $ 186,678 24% $ 448,456 $ 352,780 27% Gross profit $ 84,609 $ 78,049 8% $ 173,771 $ 152,775 14% Gross margin 37 % 42 % 39 % 43 % Total operating expenses $154,030 $124,766 23% $330,624 $248,764 33% Net loss ($58,797) ($44,688) (32)% ($127,598) ($105,286) (21)% Net loss margin (25) % (24) % (28) % (30) % Net loss per share - basic and diluted ($0.11) ($0.08) (38)% ($0.24) ($0.19) (26)%”
Material Agreements

Marqeta, Inc. amended the Amendment with Block, Inc. (formerly Square, Inc., or "Block") (effective 2023-08-04).

“On August 4, 2023 , Marqeta, Inc. (the “Company”) executed a contract amendment (“the Amendment”) to its Master Services Agreement with Block, Inc. (formerly Square, Inc., or “Block”).”
Shareholder Votes

Marqeta, Inc. shareholders approved Non-binding advisory vote on the frequency of holding an advisory vote on executive compensation at the 2023-06-22 meeting.

“Holders of the Company’s Class A and Class B common stock voted, on a non-binding advisory basis, to hold an annual non-binding advisory vote to approve the compensation of the Company’s named executive officers, which was consistent with the recommendation of the Board of Directors included in the Company’s definitive proxy statement filed with the SEC on April 27, 2023.”
Shareholder Votes

Marqeta, Inc. shareholders approved Non-binding advisory vote to approve the compensation of the Company’s named executive officers at the 2023-06-22 meeting.

“Holders of the Company’s Class A and Class B common stock voted to approve, on a non-binding advisory basis, the compensation paid to the Company’s named executive officers.”
Shareholder Votes

Marqeta, Inc. shareholders approved Ratification of selection of Ernst & Young LLP as independent registered public accounting firm for fiscal year ending December 31, 2023 at the 2023-06-22 meeting.

“Holders of the Company’s Class A and Class B common stock voted to ratify the selection of Ernst & Young LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023.”
Shareholder Votes

Marqeta, Inc. shareholders approved Election of four Class II director nominees to hold office until the 2026 annual meeting at the 2023-06-22 meeting.

“Holders of the Company’s Class A and Class B common stock voted to elect the four Class II director nominees to the Company’s Board of Directors, each to hold office until the annual meeting of stockholders in 2026 and until their successors have been duly elected and qualified or until such director’s earlier death, resignation, or removal.”
Earnings Releases

Marqeta, Inc. reported financial results for first quarter ended March 31, 2023.

“On May 9, 2023 , Marqeta, Inc. issued a press release announcing its financial results for the quarter ended March 31, 2023. A copy of the press release is furnished as Exhibit 99.1 to this current report on Form 8-K and is incorporated herein by reference.”

Najuma Atkinson was appointed as Director at Marqeta, Inc..

“On April 17, 2023, the Board of Directors (the “Board”) of Marqeta, Inc. approved an increase in the number of directors on the Board from nine (9) to ten (10) directors and appointed Najuma Atkinson to serve as a Class II member of the Board”
Earnings Releases

Marqeta, Inc. reported the full year ended December 31, 2022 results: revenue $748 million, net income $185 million, EPS $(0.34).

“For the full 2022 fiscal year, TPV was $166 billion and net revenue was $748 million. This represented annual increases of 50% and 45%, respectively, from 2021 results. The company saw gross profit of $320 million during 2022, up 38% from the year prior. The company reported GAAP net loss of $185 million and an Adjusted EBITDA loss of $42 million for the year ended December 31, 2022.”
Earnings Releases

Marqeta, Inc. reported the fourth quarter ended December 31, 2022 results: revenue $204 million, net income $26 million, EPS $(0.05).

“Total processing volume (TPV) was $47 billion for the quarter and net revenue was $204 million. This represented a 41% increase in TPV and a 31% increase in net revenue, compared with the same quarter of 2021. The company saw gross profit of $87 million during the quarter, up 15% year-over-year. GAAP net loss was $26 million and an Adjusted EBITDA loss of $7 million for the quarter ended December 31, 2022.”

Jason Gardner was appointed as Executive Chairman at Marqeta, Inc..

“On January 26, 2023, Jason Gardner resigned as Chief Executive Officer, effective as of January 31, 2023. The Board appointed Mr. Gardner to serve as Executive Chairman of the Board, effective January 31, 2023.”

Simon Khalaf was appointed as Chief Executive Officer at Marqeta, Inc..

“On January 26, 2023, Marqeta, Inc. (the “Company”) announced the appointment of Simon Khalaf as Chief Executive Officer and as a member of the Company’s Board of Directors (the “Board”), effective January 31, 2023.”
Earnings Releases

Marqeta, Inc. reported third quarter ended September 30, 2022 results: revenue $192 million, net income GAAP net loss was $53 million, EPS ($0.10).

“Marqeta, Inc. (NASDAQ: MQ), the global modern card issuing platform, today reported financial results for the third quarter ended September 30, 2022. Total processing volume (TPV) was $42 billion, with net revenue of $192 million. Gross profit was $80 million, an increase of 36% year over year, resulting in a gross margin of 42%. GAAP net loss was $53 million and Adjusted EBITDA loss was $14 million.”

Srikiran (Kiran) Prasad was appointed as Class III Director at Marqeta, Inc..

“On September 14, 2022, the Board appointed Srikiran (Kiran) Prasad to serve as a Class III member of the Board.”

Amy Chang resigned as Director at Marqeta, Inc..

“On September 14, 2022, Amy Chang resigned as a member of the Board of Directors (the “Board”) of Marqeta, Inc. (the “Company”).”

Vidya Peters resigned as Chief Operating Officer at Marqeta, Inc..

“Vidya Peters resigned as Chief Operating Officer of the Company on August 9, 2022.”

Jason Gardner changed role as Executive Chairman at Marqeta, Inc..

“Mr. Gardner will assume the role of Executive Chairman once the new Chief Executive Officer is appointed.”

Mike Milotich was appointed as Chief Financial Officer at Marqeta, Inc..

“Mike Milotich, 45, was appointed as its Chief Financial Officer, effective as of the end of the day February 22, 2022”

Philip (Tripp) Faix resigned as Chief Financial Officer at Marqeta, Inc..

“Philip (Tripp) Faix announced his resignation as Chief Financial Officer of the Company, effective as of the end of the day on February 22, 2022”

Vidya Peters was appointed as Chief Operating Officer at Marqeta, Inc..

“On November 9, 2021, the Board of Directors of the Company appointed Vidya Peters as Chief Operating Officer, effective as of November 10, 2021.”

Vidya Peters was appointed as interim Chief Product Officer at Marqeta, Inc..

“Vidya Peters, the Company’s Chief Marketing Officer, will serve as interim Chief Product Officer while the Company conducts a process to identify a new Chief Product Officer.”

Kevin Doerr resigned as Chief Product Officer at Marqeta, Inc..

“On August 30, 2021, Marqeta, Inc. (the “Company”) and Mr. Kevin Doerr, the Company’s Chief Product Officer, mutually agreed to end their employment relationship effective September 10, 2021.”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.