Marqeta(US:MQ)2025-11-05 21:10Financial Performance - Total Processing Volume (TPV) reached $98 billion, a year-over-year increase of 33% from $74 billion in Q3 2024[2][6] - Net Revenue for Q3 2025 was $163 million, reflecting a 28% increase year-over-year, driven by higher volumes[2][6] - Gross Profit increased by 27% year-over-year to $115 million, with a Gross Margin of 70%[2][7] - Net Loss for the quarter was $4 million, a significant improvement from a loss of $29 million in the same period last year[2][8] - Adjusted EBITDA was $30 million, up 236% year-over-year, with an Adjusted EBITDA Margin of 19%[2][8] - Net revenue for Q3 2025 reached $163.3 million, a 27.6% increase from $128.0 million in Q3 2024[18] - Gross profit for Q3 2025 was $114.6 million, up 27.1% from $90.1 million in Q3 2024[18] - Net loss for Q3 2025 was $3.6 million, compared to a net loss of $28.6 million in Q3 2024[18] - Adjusted EBITDA for Q3 2025 was $30.31 million, a significant increase of 236% compared to $9.02 million in Q3 2024[33] - Net Loss for Q3 2025 was $3.62 million, a reduction of 87% compared to a loss of $28.64 million in Q3 2024[26] Operating Expenses - The company reported a 48% increase in Total Operating Expenses year-over-year, totaling $355 million for the nine months ended September 30, 2025[5] - Total operating expenses decreased to $124.9 million in Q3 2025 from $132.4 million in Q3 2024, a reduction of 5.5%[18] - Total Operating Expenses decreased by 6% to $124.93 million in Q3 2025 from $132.36 million in Q3 2024[26] Cash Flow and Assets - Cash and cash equivalents as of September 30, 2025, were $747.2 million, down from $923.0 million at the end of 2024[21] - Total assets increased to $1.49 billion as of September 30, 2025, compared to $1.46 billion at the end of 2024[21] - Net cash provided by operating activities for the nine months ended September 30, 2025, was $109.3 million, significantly higher than $33.4 million in the same period of 2024[23] - The company reported a significant increase in cash flows from investing activities, totaling $258.2 million for the nine months ended September 30, 2025, compared to $37.0 million in 2024[23] - Cash and cash equivalents as of September 30, 2025, totaled $747.25 million, a decrease of 16% from $886.42 million a year earlier[26] - Total Assets increased by 4% to $1.49 billion in Q3 2025 from $1.44 billion in Q3 2024[26] Strategic Developments - Marqeta signed a global Fortune 500 company for electronic supplier payments, enhancing its market presence[4] - The company expanded its relationship with an expense management customer into Europe, leveraging the TransactPay acquisition[4] - The company plans to continue investing in technology and product development to drive future growth[18] Future Outlook - The company expects Q4 2025 Net Revenue growth of 22-24% and Gross Profit growth of 17-19%[9] - Marqeta's platform processed nearly $300 billion in annual payments volume in 2024, demonstrating its scalability[15] - The accumulated deficit as of September 30, 2025, was $810.4 million, compared to $797.9 million at the end of 2024[21] - Stockholders' equity decreased by 23% to $839.23 million in Q3 2025 from $1.10 billion in Q3 2024[26]