Financial Performance - Marqeta's Total Processing Volume (TPV) in Q2 2025 reached $91 billion[8], reflecting a 29% increase year-over-year[8] - Net Revenue for Q2 2025 was $150 million[12], representing a 20% increase year-over-year[12] - Gross Profit for Q2 2025 was $104 million[15], with a Gross Profit Margin of 69%[15]; the increase was partly driven by a revised accounting policy for estimating and recognizing Card Network Incentives, effective Q2'25, which contributed 8.6 percentage points to the Gross Profit growth[16] - Adjusted Operating Expenses for Q2 2025 were $76 million[18], a decrease of 7% year-over-year[18] - Adjusted EBITDA for Q2 2025 was $29 million[21], resulting in an Adjusted EBITDA Margin of 19%[21] Financial Guidance - The company projects Net Revenue Growth of 15-17% for Q3 2025 and 17-18% for fiscal year 2025[32] - Gross Profit Growth is expected to be 12-13% for Q3 2025 and 18-19% for fiscal year 2025[32] - Adjusted EBITDA Margin is anticipated to be 15-17% for Q3 2025 and 14-15% for fiscal year 2025[32] Non-GAAP Measures - The report utilizes non-GAAP financial measures such as Adjusted EBITDA, Adjusted EBITDA Margin, and Adjusted Operating Expenses to provide supplemental insights into the company's performance[23] - Adjusted EBITDA is defined as Net (loss) income adjusted to exclude depreciation and amortization; share-based compensation expense; executive chairman long-term performance award; payroll tax related to share-based compensation; restructuring and other one-time costs; acquisition-related expenses; income tax expense; and other income, net[24] - Adjusted Operating Expenses are defined as total operating expenses adjusted to exclude depreciation and amortization; share-based compensation expense; executive chairman long-term performance award; payroll tax related to share-based compensation; restructuring and other one-time costs; and acquisition-related expenses[26]

OAKLAND, Calif. – August 6, 2025 - Marqeta, Inc. (NASDAQ: MQ), the global modern card issuing platform, today reported financial results for the second quarter ended June 30, 2025. The Company reported Total Processing Volume (TPV) of $91 billion, representing a year-over-year increase of 29%. The Company reported Net Revenue of $150 million and Gross Profit of $104 million, representing increases of 20% and 31%, respectively, year-over-year. The increase in Gross Profit growth was partly driven by a revise ...

Core Viewpoint - Bragar Eagel & Squire, P.C. is investigating potential claims against Marqeta, Inc. due to a class action complaint alleging breaches of fiduciary duties by the board of directors [1][2] Group 1: Lawsuit Details - The class action complaint was filed on December 9, 2024, covering a Class Period from May 7, 2024, to November 4, 2024 [1] - The lawsuit claims that Marqeta made false and misleading statements regarding regulatory challenges and subsequently had to cut its guidance for Q4 2024 [2] - Investors reportedly suffered damages when the true details about Marqeta's business outlook were revealed [2] Group 2: Contact Information - Long-term stockholders of Marqeta are encouraged to contact Bragar Eagel & Squire, P.C. for more information regarding the claims [3] - The law firm offers no cost or obligation for inquiries related to the investigation [3]

Revenues are expected to be $140.05 million, up 11.8% from the year-ago quarter. Estimate Revisions Trend The consensus EPS estimate for the quarter has been revised 25% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Wall Street expects a year-over-year decline in earnings on higher revenues when Marqeta (MQ) reports results for the quarter ended June 2025. While this widel ...

Industry Overview - Mobile payments have evolved into a significant financial ecosystem, driven by advancements in fintech and the widespread use of smartphones [2] - The global mobile payments market was valued at $3.84 trillion in 2024 and is projected to reach $4.97 trillion in 2025, with a forecasted CAGR of 27% to hit $26.53 trillion by 2032 [5] Technological Innovations - Innovations such as blockchain and artificial intelligence are enhancing transaction security, speed, and reducing fraud [2] - Payment platforms are maturing to provide unified interfaces that connect multiple cards and accounts, maximizing user convenience [3] Market Drivers - The COVID-19 pandemic accelerated the demand for touch-free, secure payment options, prompting global regulators to introduce frameworks for data privacy and financial inclusion [4] - Key forces driving the shift in mobile payments include loyalty programs, seamless experiences, and technological breakthroughs [5] Key Players - Marqeta offers mobile payment capabilities through its modern card issuing platform, processing $84 billion in total volume in Q1 2025, a 27% year-over-year increase [6][8] - Visa provides a comprehensive suite of mobile payment solutions integrated into major digital wallets, with a focus on security through tokenization and partnerships with fintechs [9][10][11] - Mastercard enables secure, real-time transactions and has expanded its presence in mobile-first markets through partnerships, reporting a gross dollar volume of $2.4 trillion in Q1 2025, up 9% year-over-year [12][13][14] - Capital One supports digital wallet integration and offers a range of features in its mobile app, with a 6% year-over-year increase in credit card revenue in Q1 2025 [15][16][17]

Financial Data and Key Metrics Changes - The meeting confirmed the ratification of KPMG as the independent registered public accounting firm for fiscal year 2025 [8][10] - A nonbinding advisory vote on the compensation of Marketa's named executive officers was approved, indicating stockholder support for executive compensation practices [9][11] Business Line Data and Key Metrics Changes - No specific data on business line performance or key metrics was provided during the meeting [12] Market Data and Key Metrics Changes - No specific market data or key metrics were discussed during the meeting [12] Company Strategy and Development Direction and Industry Competition - The company expressed gratitude to retiring board members for their contributions, indicating a focus on maintaining strong governance as part of its long-term strategy [12] Management's Comments on Operating Environment and Future Outlook - Management did not provide specific comments on the operating environment or future outlook during the meeting [12] Other Important Information - The meeting was conducted virtually to enhance stockholder engagement [3] - The board of directors recommended the election of three nominees for director positions, which was successfully completed [8][10] Q&A Session All Questions and Answers Question: Were there any questions from stockholders? - No relevant questions were submitted by stockholders during the meeting [14]

Group 1 - Marqeta, Inc. (MQ) has reached an important support level and recently experienced a "golden cross," indicating a potential bullish trend [1][4] - A golden cross occurs when a stock's short-term moving average, typically the 50-day, crosses above its long-term moving average, usually the 200-day, suggesting a strong breakout [2] - The golden cross pattern consists of three stages: a downtrend followed by a crossover of moving averages, and finally an upward momentum leading to higher prices [3] Group 2 - Over the past four weeks, MQ's stock has gained 31.3%, and it currently holds a 2 (Buy) rating on the Zacks Rank, suggesting further breakout potential [4] - There have been three upward revisions in earnings expectations for the current quarter, with no downward revisions, indicating a positive outlook for MQ [4][5] - The combination of earnings estimate revisions and the technical breakout position makes MQ a stock to watch for potential gains in the near future [5]

Group 1 - Marqeta (MQ) is currently outperforming its peers in the Business Services sector, with a year-to-date gain of approximately 39.1% compared to the sector average return of 3.4% [4] - The Zacks Rank for Marqeta is 2 (Buy), indicating a positive outlook based on earnings estimates and revisions, with a 27.5% increase in the consensus estimate for full-year earnings over the past quarter [3] - Marqeta belongs to the Financial Transaction Services industry, which includes 35 companies and has an average gain of 5.3% year-to-date, further highlighting Marqeta's strong performance [5] Group 2 - The Business Services sector consists of 270 individual stocks and currently holds a Zacks Sector Rank of 3, indicating its relative performance among 16 sector groups [2] - Another notable stock in the Business Services sector is AppLovin (APP), which has returned 20.5% year-to-date and has a Zacks Rank of 1 (Strong Buy) [4][5] - The Technology Services industry, to which AppLovin belongs, has a current Zacks Industry Rank of 50 and has moved up by 5.8% year-to-date [6]

Core Viewpoint - The focus is on identifying innovative companies with strong fundamentals and long-term growth potential, referred to as "divergent stocks," which are currently undervalued [1]. Group 1 - The investment strategy emphasizes long-term growth and the search for disruptive companies that can positively impact the world [1]. - The analyst has a beneficial long position in the shares of a specific company, MQ, indicating confidence in its future performance [1]. - The article expresses personal opinions and is not influenced by compensation from any company mentioned [1].

Summary of Marqeta (MQ) FY Conference Call - May 20, 2025 Company Overview - **Company**: Marqeta (MQ) - **Industry**: Embedded Finance and Payment Processing Key Points Embedded Finance - Embedded finance is shifting from reliance on fintech startups to businesses integrating financial services into their platforms, enhancing customer engagement and loyalty [2][4][6] - Companies are moving towards in-house financial services, as seen with examples like Ramp and FiniPay, which offer integrated expense management solutions [4][5] Revenue Growth and Customer Base - Marqeta's largest customer, Block, has seen a decline in revenue contribution, now at 45%, down from 49% a year ago, indicating diversification in revenue sources [10][11] - Non-Block revenues are growing faster, with financial services and BNPL (Buy Now Pay Later) segments showing significant growth [12][13] Market Opportunities - Marqeta identifies three main growth opportunities: expanding existing customer programs, capitalizing on the success of first-wave fintech companies like DoorDash and Uber, and acquiring new programs due to its modern platform capabilities [15][16] - The company is also focusing on the European market, which has seen a 300% increase in TPV (Total Payment Volume) and is now managing programs at scale [12][56] Credit and Lending Services - Marqeta is expanding into consumer credit, with plans to launch multiple credit programs, recognizing the importance of lending in the financial services landscape [29][32] - The company is cautious about entering the lending space due to fraud risks, emphasizing the need for careful partner selection [32][33] Competitive Landscape - Marqeta positions itself uniquely in the market, balancing scale and reliability with modern capabilities, making it a strong competitor against both legacy players and smaller fintechs [39][40] - The competitive environment is evolving, with many early-stage partners facing limitations, leading to increased migration to Marqeta for better scalability and capabilities [24][26] European Market Dynamics - The European market is characterized by a fast-growing fintech ecosystem, with Marqeta now able to manage programs at scale and provide BIN sponsorship, enhancing its competitive position [59][62] - The regulatory environment in Europe is more stringent, leading to innovative business models that focus on driving core business rather than standalone profitability from card programs [72] Future Outlook - Marqeta is preparing for a future where embedded finance becomes more prevalent, with expectations of significant growth in program management capabilities and customer engagement strategies [6][62] - The company is investing in enterprise sales capabilities to target larger clients, which are expected to have existing user bases and marketing engines, facilitating faster growth [51][52] Regulatory Environment - The current regulatory landscape has led to a decrease in unconventional business ideas, resulting in a focus on standard use cases with slight competitive advantages [66][67] Additional Insights - Marqeta's strategy includes moving upmarket to work with established companies that have the potential for scale, reducing reliance on high-risk startups [48][52] - The company is leveraging its unique position to offer integrated solutions that combine debit and credit services, catering to a broader range of customer needs [35][36]