Marqeta (MQ) AI Stock Analysis

• Market Cap: $2.68B
• Dividend Yield: N/A
• Average Volume (3M): 5.96M
• Price to Earnings (P/E): 57.1
• Beta (1Y): 0.58
• Revenue Growth: -8.44%
• EPS Growth: N/A
• Country: US
• Employees: 854
• Sector: Technology
• Sector Strength: 95
• Industry: Software - Infrastructure
• EPS (TTM): -0.02
• Shares Outstanding: 434,975,920
• 10 Day Avg. Volume: 4,355,351
• 30 Day Avg. Volume: 5,962,790
• PEG Ratio: 0.55
• Price to Book (P/B): 2.96
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 59.70
• Enterprise Value/Market Cap: 0.71
• Enterprise Value/Revenue: 0.96
• Enterprise Value/Gross Profit: 7.37
• Enterprise Value/Ebitda: -86.94
• 1Y Price Target: $5.64
• Price Target Upside: -1.57% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 8

• Rating: 68 Neutral
• Price Target: $6.00 ▲(4.71%Upside)

The primary strengths are strong financial performance and technical indicators, suggesting growth potential. However, high valuation and some earnings call challenges pose risks.

Positive Factors

Financial Performance

Net revenue rose 18%, benefiting from a more favorable business mix.

Partnerships

Marqeta announced a partnership that will enable its customers to access American Express, which could help bring low-cost deposits and enhance its offerings.

Strategic Acquisition

The acquisition of TransactPay is seen as a positive move to accelerate capabilities and simplify customer experiences in Europe.

Negative Factors

Operational Challenges

Launch delays, new program weakness, and select customers moving certain services in-house have pressured the company’s revenue and gross profit growth.

Regulatory Environment

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

Revenue Expectations

Lowering top-line expectations due to delays in new programs paired with lower take rates from renewals.

Marqeta Business Overview & Revenue Model

Company Description

Marqeta, Inc. operates a cloud-based open application programming interface platform that delivers card issuing and transaction processing services to developers, technical product managers, and visionary entrepreneurs. It offers its solutions in various verticals, including commerce disruptors, digital banks, tech giants, and financial institutions. As of December 31, 2021, the company had approximately 200 customers. Marqeta, Inc. was incorporated in 2010 and is headquartered in Oakland, California.

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: Neutral
• Last Price: 5.73
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MQ, the sentiment is Neutral. The current price of 5.73 is below the 20-day moving average (MA) of 5.83, above the 50-day MA of 5.44, and above the 200-day MA of 4.46, indicating a neutral trend. The MACD of 0.12 indicates Positive momentum. The RSI at 51.60 is Neutral, neither overbought nor oversold. The STOCH value of 44.97 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for MQ.

Marqeta Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
PAYO	74 Outperform	$2.46B	22.78	15.97%	―	14.86%	-0.94%
ATEN	73 Outperform	$1.30B	27.71	24.36%	1.30%	4.90%	9.91%
MQ	68 Neutral	$2.68B	57.13	5.01%	―	-8.44%	―
BASE	68 Neutral	$1.33B	―	-55.90%	―	12.76%	16.97%
DOCN	66 Neutral	$2.69B	27.03	-41.63%	―	13.21%	109.61%
AVPT	65 Neutral	$3.97B	―	-8.39%	―	21.70%	-67.95%
Sector *	50 Neutral	C$3.11B	2.31	-63.12%	2.46%	4.49%	-6.07%

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.