Marqeta, Inc.
MQUSMarqeta, Inc. engages in the creation of digital payment technology. The firm develops a modern card issuing platform, providing infrastructure and tools for building configurable payment cards. It provides its customers issuer processor services and also acts as a card program manager. The company was founded by Jason M. Gardner in 2010 and is headquartered in Oakland, CA.
Founded—IPO year2021As of2026-08-04
Market Cap
$1.71B
Enterprise Value
$728M
EV / LTM Revenue
1.2x
EV / NTM Revenue
0.9x
Trading multiples
Enterprise value over trailing (LTM) vs. forward (NTM) fundamentals. Click an LTM cell to chart it.
LTM
trailing
NTM
forward
Revenue
0.9x
Gross Profit
1.6x
EBITDA
—
Classification
- Sector
- Fintech
- Sub-sector
- Payments
- Listing
- MQ
- Country
- US
Annual financials & analyst forecasts
| $M | CY2021 | CY2022 | CY2023 | CY2024 | CY2025 | CY2026E | CY2027E |
|---|---|---|---|---|---|---|---|
| Revenue YoY | — | 45% | -10% | -25% | 23% | 13% | 17% |
| Revenue | $517M | $748M | $676M | $507M | $625M | $708M | $829M |
| Gross Profit | $232M | $320M | $330M | $352M | $437M | — | — |
| Gross Profit Margin | 44.8% | 42.8% | 48.7% | 69.4% | 70.0% | — | — |
| EBITDA | ($159M) | ($181M) | ($220M) | $46M | $14M | ($109M) | ($127M) |
| EBITDA Margin | -30.7% | -24.2% | -32.5% | 9.0% | 2.2% | -15.3% | -15.3% |
| EBIT | ($162M) | ($210M) | ($283M) | ($24M) | ($46M) | ($124M) | ($145M) |
| Net Income | ($164M) | ($185M) | ($223M) | $27M | ($14M) | $7M | $45M |
| Free Cash Flow | $54M | ($17M) | $8M | $37M | $120M | — | — |
| FCF Margin | 10.5% | -2.3% | 1.3% | 7.3% | 19.1% | — | — |
| Short-Term Debt | $0M | $0M | $8M | $8M | $11M | — | — |
| Long-Term Debt | $0M | $0M | $0M | $0M | $6M | — | — |
| Cash & Cash Equivalents | $1.25B | $1.18B | $981M | $923M | $982M | — | — |
| Net Debt | ($1.25B) | ($1.18B) | ($973M) | ($915M) | ($966M) | — | — |
| Net Debt / EBITDA | — | — | — | -20.1x | -69.8x | — | — |
| Rule of 40 | — | 42.4% | -8.4% | -17.7% | 42.4% | — | — |
Figures in $M. True calendar years (Jan–Dec) built from quarterly data — income & cash-flow lines summed across the four quarters, balance sheet as of year-end. E columns are calendarized analyst consensus — gross profit, cash flow and balance-sheet lines are not estimated. Net debt = short-term debt + long-term debt − cash & cash equivalents; Rule of 40 = YoY revenue growth + FCF margin.