Marqeta (MQ) AI Stock Analysis

• Market Cap: $3.05B
• Dividend Yield: N/A
• Average Volume (3M): 5.51M
• Price to Earnings (P/E): 56.6
• Beta (1Y): 0.63
• Revenue Growth: 17.47%
• EPS Growth: -544.72%
• Country: US
• Employees: 854
• Sector: Technology
• Sector Strength: 98
• Industry: Software - Infrastructure
• EPS (TTM): 0.00
• Shares Outstanding: 434,975,920
• 10 Day Avg. Volume: 6,331,253
• 30 Day Avg. Volume: 5,507,173
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 0.61
• Enterprise Value/Revenue: 3.55
• Enterprise Value/Gross Profit: 7.24
• Enterprise Value/Ebitda: 47.13
• 1Y Price Target: $6.47
• Price Target Upside: -0.77% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 9

• Rating: 70 Outperform
• Price Target: $7.50 ▲(15.03% Upside)

Marqeta's strong technical indicators and positive earnings call significantly boost its overall score. However, ongoing profitability challenges and a negative P/E ratio weigh down the valuation, limiting the overall score. The company's strategic growth initiatives and improved operational efficiency are promising for future performance.

Positive Factors

Acquisitions

The acquisition of TransactPay gives Marqeta an incremental leg up in sales processes with larger customers by eliminating a third-party.

Earnings

Shares of Marqeta are up 15% following better-than-expected June-quarter results and raised 2025 guidance.

Financial Performance

Marqeta maintains a debt-free balance sheet with about $765 million of cash/investments.

Negative Factors

Customer Concentration

Reported results are complicated by customer concentration, with the largest customer contributing 46% of revenue.

Program Delays

The delay of 15 implementation/setup programs with customers was a drag on Marqeta's performance, with programs behind schedule by an average of approximately 70 days.

Regulatory Pressures

Regulatory pressures are moderating but remain a headwind, impacting stock performance due to delays in new card program launches.

Marqeta Business Overview & Revenue Model

Company Description

Marqeta, Inc. (MQ) is a fintech company that operates in the payment technology sector, providing a modern card issuing platform. It specializes in offering infrastructure and tools for businesses to create customized payment solutions. Marqeta's core products include open API card issuing and processing capabilities that enable its clients to build and manage innovative payment programs, enhance customer experiences, and streamline their operations. The company's platform is designed to support a wide range of card types and payment applications, serving industries such as retail, financial services, and technology.

How the Company Makes Money

Marqeta generates revenue primarily through its modern card issuing platform by charging its clients transaction-based fees. These fees are incurred whenever a card issued through Marqeta's platform is used for a transaction. Additionally, Marqeta earns revenue from service fees for providing card issuing and processing services, as well as through interchange fees shared with its clients. The company also benefits from strategic partnerships with major financial institutions and technology companies, which contribute to its revenue through collaboration on payment solutions and increased transaction volumes. Marqeta's business model is highly dependent on the growth of digital payments and the adoption of its platform by a diverse range of clients across different sectors.

Marqeta Financial Statement Overview

Summary

Marqeta shows strong revenue and gross profit margins but is challenged by negative net income and cash flow volatility. The balance sheet is robust with low leverage and strong equity.

Income Statement

Marqeta's TTM revenue shows slight growth, but the company struggles with profitability as indicated by negative EBIT. Gross profit margin remains strong, indicating good cost management, but the net profit margin is impacted by high operating expenses.

Balance Sheet

The company maintains a solid equity base with low leverage, as seen in the low debt-to-equity ratio. Stockholders' equity forms a significant portion of total assets, enhancing financial stability. However, the return on equity is impacted by negative net income in recent years.

Cash Flow

Operating cash flow is positive and has improved over the periods, but free cash flow shows volatility. The company's ability to generate cash relative to net income is solid, but financing cash flows reflect significant outflows, impacting overall cash position.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	507.00M	676.17M	748.21M	517.17M	290.29M
Gross Profit	351.85M	329.51M	320.00M	231.71M	117.91M
EBITDA	-7.01M	-272.27M	-205.96M	-158.47M	-43.59M
Net Income	27.29M	-222.96M	-184.78M	-163.93M	-47.70M
Balance Sheet
Total Assets	1.46B	1.59B	1.77B	1.83B	457.68M
Cash, Cash Equivalents and Short-Term Investments	1.10B	1.25B	1.62B	1.70B	370.34M
Total Debt	13.22M	16.93M	12.43M	12.43M	18.22M
Total Liabilities	378.19M	346.30M	297.39M	256.95M	169.52M
Stockholders Equity	1.09B	1.24B	1.47B	1.57B	288.16M
Cash Flow
Free Cash Flow	55.75M	8.45M	-16.89M	52.60M	47.90M
Operating Cash Flow	58.17M	21.10M	-12.97M	55.35M	50.27M
Investing Cash Flow	70.79M	38.52M	28.72M	-329.12M	-57.56M
Financing Cash Flow	-186.91M	-261.79M	-79.49M	1.30B	167.38M

Marqeta Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 6.52
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MQ, the sentiment is Positive. The current price of 6.52 is above the 20-day moving average (MA) of 5.85, above the 50-day MA of 5.72, and above the 200-day MA of 4.53, indicating a bullish trend. The MACD of 0.13 indicates Negative momentum. The RSI at 66.61 is Neutral, neither overbought nor oversold. The STOCH value of 71.37 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for MQ.

Marqeta Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ATEN	74 Outperform	$1.26B	25.44	24.39%	1.38%	11.04%	18.70%
PAYO	74 Outperform	$2.39B	25.22	13.86%	―	13.02%	-2.57%
DOCN	73 Outperform	$3.01B	25.96	-41.63%	―	13.29%	79.98%
MQ	70 Outperform	$3.05B	56.63	-6.51%	―	17.47%	-544.72%
BASE	68 Neutral	$1.34B	―	-55.90%	―	12.76%	16.97%
Sector *	61 Neutral	$36.04B	6.25	-9.40%	2.02%	7.67%	-3.03%
AVPT	61 Neutral	$3.04B	―	-2.60%	―	24.41%	40.20%

Marqeta Corporate Events

Marqeta Stockholders Approve Key Proposals at Annual Meeting

On June 12, 2025, Marqeta, Inc. held its Annual Meeting of Stockholders where Class A and Class B stockholders voted on three key proposals. The stockholders elected three Class I directors to the Board, ratified KPMG LLP as the independent auditor for 2025, and approved the executive compensation plan on a non-binding advisory basis.

The most recent analyst rating on (MQ) stock is a Buy with a $6.00 price target. To see the full list of analyst forecasts on Marqeta stock, see the MQ Stock Forecast page.