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Marqeta MQ Q4 2025 Annual earnings

Reported February 24, 2026 · After market close

Revenue$172.1MBeat by $4.5MDiluted EPS-$0.00Beat by $0.01
Revenue estimate$167.7M
EPS estimate-$0.01

Next report

Aug 3, 2026 (In 6 days)
Revenue estimate$173.0M
EPS estimate$0.01

Financials

Q4 2025

Income statement

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Revenue$172.1M+26.7%
Gross profit$120.0M+22.2%
Operating income-$8.3M+77.8%
Net income-$1.4M—
EPS (diluted)$0.00—

Balance sheet

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Cash & equivalents$1.0B+9.3%
Total debt$8.6M+55.7%
Total equity$762.0M-29.8%
Total assets$1.5B+4.2%

Cash flow

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Operating cash flow$53.3M+115%
CapEx--100%
Free cash flow$53.5M+116%

Valuation & ratios

Valuation

as of 12/31/25
See full
Market cap$2.09B+9.8%
Enterprise value$1.08B+10.5%
P/S3.3×-0.4×

Profitability

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Gross margin70%+0.6pp
Operating margin-7.4%+8.7pp
Net margin-2.2%—
FCF margin25.7%+14.7pp

Returns & leverage

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Return on equity-1.5%—
Debt / equity0×0.0×
Current ratio1.6×-1.7×

Segments

By product

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Platform services revenue, net$163.4M+29.0%
Other services revenue$8.8M-4.1%

By segment

See full
Reportable Segment$172.1M+26.7%

Versus estimates

Revenue

Q1 2026$165.8MBeat by $1.5M
Q4 2025$172.1MBeat by $4.5M
Q3 2025$163.3MMiss by $3.7MQ2 2025$150.4MBeat by $4.7MQ1 2025$139.1MBeat by $3.8MQ4 2024$135.8MBeat by $3.1M

Diluted EPS

Q1 2026$0.02Beat by $0.02
Q4 2025-$0.00Beat by $0.01
Q3 2025-$0.01In lineQ2 2025-$0.00Beat by $0.03Q1 2025-$0.02Beat by $0.03Q4 2024-$0.05Beat by $0.05

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Questions, answered.

When did Marqeta report Q4 2025 earnings?
Marqeta (MQ) reported Q4 2025 earnings on February 24, 2026 after market close.
What were Marqeta's Q4 2025 revenue and EPS?
Marqeta reported revenue of $172.1M and diluted EPS of $-0.00 for Q4 2025.
Did Marqeta beat estimates in Q4 2025?
Revenue beat the consensus estimate of $167.7M by $4.5M. EPS beat the consensus estimate of $-0.01 by $0.01.
How did Marqeta's Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 26.7% from $135.8M a year earlier and diluted EPS grew 93.6% from $-0.05.
Where can I find Marqeta's Q4 2025 SEC filings?
You can read the 8-K earnings release (0001522540-26-000015) and the 10-K periodic report (0001522540-26-000017) directly on SEC EDGAR. The filing index links above go to sec.gov.