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MQ

Marqeta, Inc.

MQTechnologyNASDAQ

Software - Infrastructure · Last scanned Jun 2, 2026

PriceMA150MA200
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Financials · Annual
Revenue
$624.9M
+23.3% YoY
Net Income
-$13.9M
-151.0% YoY
EBITDA
-$19.3M
-175.0% YoY
Free Cash Flow
$116.2M

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About Marqeta, Inc.

Marqeta, Inc. operates a cloud-based open API platform for card issuing and transaction processing services in the United States. The $1.84B market capitalization puts MQ squarely in small-cap range for its industry. The company's platform also provides processor services, bank and network management, program management, and value added services; card issuing, such as debit, prepaid, credit, virtual, and physical cards; UI/UX; access to a suite of bank account and money movement features, including savings accounts, demand deposit accounts, direct deposit with early pay, ACH, cash loads, and fee-free ATMs, bill pay, and instant funding capabilities; Marqeta Dashboard, a self-service portal to access and manage all aspects of card program; TransactPay; Marqeta Hub for consumers, buy now, pay later (BNPL) providers, and card issuers; and credit capabilities, as well as Portfolio Migration which simplifies upgrading existing card programs into its platform.

Key stats
Market Cap$1.84B
P/E (TTM)435.00
Fwd P/E41.40
EPS$0.01
Beta1.35
52W Change-18.7%
ROE0.3%
Analysis

Marqeta, Inc. holds $712.1M in cash against $7.4M in total debt, giving it a net cash position. This means the company could theoretically pay off all its debt and still have cash remaining. The company generates $116.2M in free cash flow annually, which funds everything from R&D to shareholder returns without needing external financing. ROE of 0.2% points to modest capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. Revenue has pulled back from $748.2M (2022) to $624.9M (2025), a 16% decline worth watching.

With cash comfortably exceeding debt, MQ has financial flexibility that may help navigate uncertain periods. The elevated P/E ratio means the stock is priced for significant future growth. If earnings disappoint, the price correction could be sharp. Understanding these risk dimensions helps frame what to watch going forward as conditions evolve for Marqeta, Inc. and its sector.

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