Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $143M | $290M | $517M | $748M | $676M | $507M | $625M |
| Revenue growth | — | 102.6% | 78.2% | 44.7% | -9.6% | -25.0% | 23.3% |
| Gross profit | $60.5M | $118M | $232M | $320M | $330M | $352M | $437M |
| Gross margin | 42.2% | 40.6% | 44.8% | 42.8% | 48.7% | 69.4% | 70.0% |
| Operating income | -$58.9M | -$47.1M | -$162M | -$210M | -$283M | -$24.5M | -$46.4M |
| Operating margin | -41.1% | -16.2% | -31.3% | -28.0% | -41.9% | -4.8% | -7.4% |
| Net income | -$58.2M | -$47.7M | -$164M | -$185M | -$223M | $27.3M | -$13.9M |
| Net margin | -40.6% | -16.4% | -31.7% | -24.7% | -33.0% | 5.4% | -2.2% |
| Fiscal year | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | -$15.4M | $50.3M | $57.0M | -$13.0M | $21.1M | $58.2M | $163M |
| Capital expenditures | $4.91M | $2.38M | $2.74M | $2.32M | $762K | $2.42M | $1.83M |
| Free cash flow | -$20.3M | $47.9M | $54.2M | -$15.3M | $20.3M | $55.8M | $161M |
| Share buybacks | — | $0.00 | $0.00 | $78.1M | $190M | $154M | $391M |
| Fiscal year | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|
| Cash & equivalents | $60.3M | $220M | $1.25B | $1.18B | $981M | $923M | $709M |
| Total assets | — | $458M | $1.83B | $1.77B | $1.59B | $1.46B | $1.53B |
| Total liabilities | — | $170M | $257M | $297M | $346M | $378M | $763M |
| Shareholders' equity | -$198M | -$214M | $1.57B | $1.47B | $1.24B | $1.09B | $762M |
| Retained earnings | — | -$254M | -$417M | -$602M | -$825M | -$798M | -$812M |
| Shares (wtd avg diluted) | 114M | 123M | 363M | 545M | 533M | 519M | 462M |
Every figure is extracted from Marqeta, Inc.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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