Welcome to our dedicated page for Marqeta SEC filings (Ticker: MQ), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Marqeta, Inc. discloses operating results and governance changes through SEC filings tied to its modern card issuing platform. Recent Form 8-K reports furnish quarterly and annual earnings releases, including Total Processing Volume, net revenue, gross profit, GAAP results and Adjusted EBITDA.
The filing record also documents leadership and officer-designation matters, including executive appointments, principal financial and accounting officer roles, compensation arrangements and equity awards. Definitive proxy materials cover board matters, executive compensation, shareholder voting items and related corporate-governance disclosures.
Marqeta (MQ) Q2 2025 10-Q highlights
- Revenue: Net revenue grew 20% YoY to $150.4 m; six-month revenue up 19% to $289.5 m.
- Volume: Total Processing Volume rose 29% YoY to $91.4 bn, signalling continued customer usage growth.
- Profitability: Gross profit jumped 31% to $104.1 m, lifting gross margin from 63% to 69% after a policy change that accelerated $6.8 m of network incentives.
- Bottom line: GAAP net loss was $0.6 m (-$0.00 per share) versus $119.1 m profit in the prior-year quarter, which had included a $157.7 m one-time reversal of the Executive Chairman award. Adjusted EBITDA turned positive at $28.5 m (19% margin).
- Cash & Liquidity: Cash, equivalents and short-term investments total $821.6 m, down $280 m YTD, mainly from $273 m of share repurchases; $106.9 m remains authorised under the 2025 buy-back.
- Balance sheet: No debt; working-capital ratio 2.7x. Share count fell to 449.5 m from 504.3 m at year-end.
- Key risks: One customer generated 46% of revenue; 66% of processing volume routed through a single issuing bank (Sutton Bank). Outstanding securities litigation filed December 2024. Concentrated revenue and regulatory changes remain material risks.
- Strategic moves: Closed €46 m acquisition of UK/Europe BIN sponsor Transact Payments on 31 Jul 2025 (up to €5 m earn-out) to accelerate EU expansion.
Overall, Marqeta posted strong top-line growth and margin expansion, achieved positive adjusted EBITDA and continued returning capital via buybacks, but remains near break-even on a GAAP basis and more reliant on its largest customer.
Marqeta (MQ) Q2 2025 10-Q highlights
- Revenue: Net revenue grew 20% YoY to $150.4 m; six-month revenue up 19% to $289.5 m.
- Volume: Total Processing Volume rose 29% YoY to $91.4 bn, signalling continued customer usage growth.
- Profitability: Gross profit jumped 31% to $104.1 m, lifting gross margin from 63% to 69% after a policy change that accelerated $6.8 m of network incentives.
- Bottom line: GAAP net loss was $0.6 m (-$0.00 per share) versus $119.1 m profit in the prior-year quarter, which had included a $157.7 m one-time reversal of the Executive Chairman award. Adjusted EBITDA turned positive at $28.5 m (19% margin).
- Cash & Liquidity: Cash, equivalents and short-term investments total $821.6 m, down $280 m YTD, mainly from $273 m of share repurchases; $106.9 m remains authorised under the 2025 buy-back.
- Balance sheet: No debt; working-capital ratio 2.7x. Share count fell to 449.5 m from 504.3 m at year-end.
- Key risks: One customer generated 46% of revenue; 66% of processing volume routed through a single issuing bank (Sutton Bank). Outstanding securities litigation filed December 2024. Concentrated revenue and regulatory changes remain material risks.
- Strategic moves: Closed €46 m acquisition of UK/Europe BIN sponsor Transact Payments on 31 Jul 2025 (up to €5 m earn-out) to accelerate EU expansion.
Overall, Marqeta posted strong top-line growth and margin expansion, achieved positive adjusted EBITDA and continued returning capital via buybacks, but remains near break-even on a GAAP basis and more reliant on its largest customer.