← Marqeta, Inc.
| Annual Trend | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | $220.4m | $1.2b | $1.2b | $981.0m | $923.0m | $709.4m | |
| Short-term investments | $149.9m | $452.9m | $440.9m | $268.7m | $179.4m | $62.5m | |
| Accounts receivable, net | $8.4m | $13.2m | $15.6m | $19.5m | $30.0m | $41.4m | |
| Settlements receivable, net | $12.9m | $11.3m | $18.0m | $29.9m | $16.2m | $18.0m | |
| Network incentives receivable | $20.0m | $30.4m | $42.7m | $53.8m | $66.8m | $61.1m | |
| Prepaid expenses and other current assets | $11.5m | $35.6m | $38.0m | $27.2m | $25.4m | $35.3m | |
| Total current assets | $430.9m | $1.8b | $1.7b | $1.4b | $1.2b | $1.2b | |
| Property and equipment, net | $9.5m | $9.7m | $7.4m | $18.8m | $37.5m | $59.9m | |
| Intangible assets, net | — | — | $0 | $35.6m | $29.8m | $51.4m | |
| Goodwill | — | — | $0 | $123.5m | $123.5m | $154.7m | |
| Operating lease right-of-use assets, net | $13.4m | $11.3m | $9.0m | $6.5m | $2.7m | $8.3m | |
| Other assets | $3.9m | $2.3m | $7.1m | $16.6m | $20.4m | $15.4m | |
| Restricted cash | $7.8m | $7.8m | $7.8m | $8.5m | $8.5m | $307.6m | |
| Revenue share payable | $78.2m | $121.2m | $142.2m | $173.6m | $193.4m | $224.5m | |
| Funds payable and amounts due to customers | — | — | — | — | $0 | $306.9m | |
| Accrued expenses and other current liabilities | $60.5m | $114.1m | $136.9m | $161.5m | $177.1m | $215.8m | |
| Operating lease liabilities, net of current portion | $15.4m | $12.4m | $9.0m | $5.1m | $870k | $5.5m | |
| Other liabilities | $10.5m | $6.6m | $5.5m | $4.6m | $6.3m | $8.5m | |
| Total stockholders’ equity | ($213.7m) | $1.6b | $1.5b | $1.2b | $1.1b | $762.0m | |
| Total assets | $457.7m | $1.8b | $1.8b | $1.6b | $1.5b | $1.5b | |
| Total liabilities and stockholders’ equity | $457.7m | $1.8b | $1.8b | $1.6b | $1.5b | $1.5b | |
| Accounts payable | $2.4m | $2.7m | $3.8m | $1.4m | $527k | $1.8m | |
| Total current liabilities | $141.1m | $238.0m | $282.9m | $336.6m | $371.0m | $749.1m | |
| Total liabilities | $169.5m | $257.0m | $297.4m | $346.3m | $378.2m | $763.1m | |
| Preferred stock, $0.0001 par value; 100,000 and 100,000 shares authorized, no shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively | 0 | 0 | 0 | 0 | 0 | 0 | |
| Common stock, $0.0001 par value: 1,500,000 and 1,500,000 Class A shares authorized, 399,392 and 470,824 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively. 600,000 and 600,000 Class B shares authorized, 32,864 and 33,472 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively | 13k | 54k | 53k | 52k | 50k | 43k | |
| Additional paid-in capital | $39.8m | $2.0b | $2.1b | $2.1b | $1.9b | $1.6b | |
| Accumulated other comprehensive income (loss) | $25k | ($2.2m) | ($7.2m) | $762k | ($314k) | $1.5m | |
| Accumulated deficit | ($253.5m) | ($417.5m) | ($602.2m) | ($825.2m) | ($797.9m) | ($811.8m) |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.