Technology · Software - Infrastructure
Price
$4.18
Market Cap
$1.8B
Employees
921
Beta
1.32
Avg Volume
3,945,035
CEO
Michael Milotich
Business Description
Marqeta, 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.
Business History
Price Overview
Last updated: Jun 27, 2026 9:01am (just now)$4.18
+0.23 (+5.82%)
Day Range
$3.98 – $4.21
52-Week Range
$3.70 – $7.04
50-Day MA
$4.07
200-Day MA
$4.46
Volume
13,281,442.00
Analyst Price Targets
Low
$4.50
Consensus
$4.75
High
$5.00
(25 analysts)
Share Structure
Outstanding
424,030,307.00
Float
367,430,747.00
Free Float
86.7%
High free float
— 86.7% of shares trade freely, ~13.3% held by insiders/institutions
Very liquid — most shares trade freely. Low insider ownership can mean less management alignment, but makes large position sizing straightforward.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
APIStock Price / EPS (Diluted)
825.98
Stock Price: $4.18
EPS (Diluted): -0.03
EPS (Diluted): -0.03
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
2.88
Stock Price: $4.18
Total Equity: $761.96M
Shares: 462,168,000
Total Equity: $761.96M
Shares: 462,168,000
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
24.91
Market Cap: $1.77B
Total Debt: $16.28M
Cash: $981.82M
EBITDA: $13.83M
Total Debt: $16.28M
Cash: $981.82M
EBITDA: $13.83M
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$1.2B
Market Cap: $1.77B
Total Debt: $16.28M
Cash: $981.82M
Total Debt: $16.28M
Cash: $981.82M
P/S Ratio (Price per dollar of revenue)
APIStock Price / Revenue Per Share
3.51
Stock Price: $4.18
Revenue: $624.88M
Shares: 462,168,000
Revenue: $624.88M
Shares: 462,168,000
EV/Sales (Total value vs revenue — works when P/E can't)
API1.98
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
11.2%
Gross Profit: $69.69M
Revenue: $624.88M
Revenue: $624.88M
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
-4.7%
Operating Income: -$29.15M
Revenue: $624.88M
Revenue: $624.88M
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
-2.2%
Net Income: -$13.93M
Revenue: $624.88M
Revenue: $624.88M
ROE (Profit from shareholder equity)
APINet Income / Total Equity
0.3%
Net Income: -$13.93M
Total Equity: $761.96M
Total Equity: $761.96M
ROIC (Profit from all invested capital)
APINOPAT / Invested Capital
-2.5%
Operating Income: -$29.15M
Tax Rate: -4.5%
Equity: $761.96M
Total Debt: $16.28M
Cash: $981.82M
Tax Rate: -4.5%
Equity: $761.96M
Total Debt: $16.28M
Cash: $981.82M
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
1.65
Current Assets: $1.24B
Current Liabilities: $749.06M
Current Liabilities: $749.06M
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
0.02
Short-Term Debt: $10.74M
Long-Term Debt: $5.54M
Total Debt: $16.28M
Total Equity: $761.96M
Long-Term Debt: $5.54M
Total Debt: $16.28M
Total Equity: $761.96M
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$1.35
Revenue: $624.88M
Shares: 462,168,000
Shares: 462,168,000
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$1.65
Total Equity: $761.96M
Shares: 462,168,000
Shares: 462,168,000
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$0.35
Operating CF: $162.62M
CapEx: -$1.84M
Shares: 462,168,000
CapEx: -$1.84M
Shares: 462,168,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
0.0%
Last Dividend: N/A
Stock Price: $4.18
Stock Price: $4.18
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: -$13.93M
Net Income: -$13.93M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares MQ against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jun 21, 2026 6:36pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $517.2M | $748.2M | $676.2M | $507.0M | $624.9M |
| Cost of Revenue | $285.5M | $428.2M | $346.7M | $155.1M | $555.2M |
| Gross Profit | $231.7M | $320.0M | $329.5M | $351.8M | $69.7M |
| Operating Expenses | $393.7M | $529.8M | $612.5M | $376.3M | $98.8M |
| Operating Income | -$162.0M | -$209.8M | -$283.0M | -$24.5M | -$29.2M |
| Net Income | -$163.9M | -$184.8M | -$223.0M | $27.3M | -$13.9M |
| EBITDA | -$161.0M | -$181.0M | -$219.8M | $45.5M | $13.8M |
| EPS | $-0.30 | $-0.34 | $-0.42 | $0.05 | $-0.03 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 21, 2026 6:36pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $1.2B | $1.2B | $981.0M | $923.0M | $981.8M |
| Total Current Assets | $1.8B | $1.7B | $1.4B | $1.2B | $1.2B |
| Total Assets | $1.8B | $1.8B | $1.6B | $1.5B | $1.5B |
| Current Liabilities | $238.0M | $282.9M | $336.6M | $371.0M | $749.1M |
| Long-Term Debt | $0 | $0 | $0 | $0 | $5.5M |
| Total Liabilities | $257.0M | $297.4M | $346.3M | $378.2M | $763.1M |
| Total Equity | $1.6B | $1.5B | $1.2B | $1.1B | $762.0M |
| Retained Earnings | -$417.5M | -$602.2M | -$825.2M | -$797.9M | -$811.8M |
Cash Flow (Annual)
Last updated: Jun 21, 2026 6:36pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $57.0M | -$13.0M | $21.1M | $58.2M | $162.6M |
| Capital Expenditure | -$2.7M | -$3.9M | -$12.7M | -$2.4M | -$1.8M |
| Free Cash Flow | $54.2M | -$16.9M | $8.5M | $55.8M | $160.8M |
| Acquisitions (net) | -$20.0M | $25.7M | -$135.8M | $0 | -$45.7M |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | $0 | -$78.1M | -$190.4M | -$154.4M | -$391.4M |
| Net Change in Cash | $1.0B | -$63.7M | -$202.2M | -$58.0M | $86.4M |
Analyst Estimates (Annual)
Last updated: Jun 26, 2026 6:04pm (14h ago)| Metric | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|
| Revenue |
$829.7M $804.0M – $859.3M
|
$963.4M $957.1M – $969.6M
|
$1.2B $1.2B – $1.3B
|
$1.5B $1.4B – $1.5B
|
| EBITDA |
-$127.2M -$131.7M – -$123.3M
|
-$147.7M -$148.6M – -$146.7M
|
-$186.6M -$194.0M – -$182.3M
|
-$223.9M -$232.7M – -$218.8M
|
| Net Income |
$40.7M $28.9M – $92.5M
|
$72.9M $53.7M – $131.9M
|
$64.7M $62.8M – $68.0M
|
$115.5M $112.1M – $121.5M
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 21, 2026 6:36pm (5d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +44.7% | -9.6% | -25.0% | +23.3% |
| Gross Profit Growth | +38.1% | +3.0% | +6.8% | -80.2% |
| Operating Income Growth | -29.5% | -34.9% | +91.4% | -19.2% |
| Net Income Growth | -12.7% | -20.7% | +112.2% | -151.0% |
| EBITDA Growth | -12.4% | -21.4% | +120.7% | -69.6% |
Insider Trading (Recent)
Type codes
PPurchase
SSale
AAward / grant
MOption exercise
FIn-kind (tax)
CConversion
GGift
DReturn to issuer
All SEC Form 4 codes
Open market
- P Purchase
- Open-market or private purchase of shares.
- S Sale
- Open-market or private sale of shares.
Compensation (Rule 16b-3)
- A Award / grant
- Grant or award of securities (RSUs, options, etc.) under Rule 16b-3.
- D Return to issuer
- Securities disposed back to the company under Rule 16b-3.
- F In-kind (tax)
- Shares withheld or delivered to pay the option-exercise price or tax — not an open-market sale.
- I Discretionary
- Discretionary transaction under an employee plan — Rule 16b-3(f).
- M Option exercise
- Exercise or conversion of a derivative (option/RSU) into shares — exempt.
Derivatives
- C Conversion
- Conversion of a derivative security into the underlying shares.
- E Short expiration
- Expiration of a short derivative position.
- H Long expiration
- Expiration or cancellation of a long derivative position with value received.
- O OTM exercise
- Exercise of an out-of-the-money derivative.
- X ITM exercise
- Exercise of an in-the-money or at-the-money derivative.
Other exempt
- G Gift
- Bona fide gift of securities.
- L Small acquisition
- Small acquisition under Rule 16a-6.
- W Inheritance
- Acquisition or disposition by will or the laws of descent.
- Z Voting trust
- Deposit into or withdrawal from a voting trust.
Other
- J Other
- Other acquisition or disposition (explained in a Form 4 footnote).
- K Equity swap
- Transaction in an equity swap or similar instrument.
- U Tender / buyout
- Disposition via tender of shares in a change-of-control transaction.
Compensation-plan codes (A, D, F, M) are routine and rarely directional. Open-market P (buy) and S (sale) carry the most signal.
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-06-12 | Atkinson Najuma | S-Sale | 10,889.00 | $3.80 | $41,355 |
| 2026-06-12 | Cummings Martha | S-Sale | 14,831.00 | $3.80 | $56,333 |
| 2026-06-12 | Paul Elaine | S-Sale | 18,148.00 | $3.80 | $68,906 |
| 2026-06-13 | CHOKSHI ALPESH | M-Exempt | 25,592.00 | $0.00 | $0 |
| 2026-06-13 | CHOKSHI ALPESH | M-Exempt | 25,592.00 | $0.00 | $0 |
| 2026-06-15 | Sumner Crystal | S-Sale | 5,056.00 | $3.89 | $19,656 |
| 2026-06-10 | Cummings Martha | M-Exempt | 36,297.00 | $0.00 | $0 |
| 2026-06-10 | Cummings Martha | A-Award | 52,219.00 | $0.00 | $0 |
| 2026-06-10 | Cummings Martha | M-Exempt | 36,297.00 | $0.00 | $0 |
| 2026-06-10 | Prasad Srikiran | M-Exempt | 36,297.00 | $0.00 | $0 |
| 2026-06-10 | Prasad Srikiran | A-Award | 52,219.00 | $0.00 | $0 |
| 2026-06-10 | Prasad Srikiran | M-Exempt | 36,297.00 | $0.00 | $0 |
| 2026-06-10 | Linville Judson C | M-Exempt | 45,372.00 | $0.00 | $0 |
| 2026-06-10 | Linville Judson C | A-Award | 65,274.00 | $0.00 | $0 |
| 2026-06-10 | Linville Judson C | M-Exempt | 45,372.00 | $0.00 | $0 |
| 2026-06-10 | Graf R. Mark | M-Exempt | 36,297.00 | $0.00 | $0 |
| 2026-06-10 | Graf R. Mark | A-Award | 52,219.00 | $0.00 | $0 |
| 2026-06-10 | Graf R. Mark | M-Exempt | 36,297.00 | $0.00 | $0 |
| 2026-06-10 | Atkinson Najuma | M-Exempt | 36,297.00 | $0.00 | $0 |
| 2026-06-10 | Atkinson Najuma | A-Award | 52,219.00 | $0.00 | $0 |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for MQ — it's generated by the pipeline (
market-narrative step).
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30