← Marqeta, Inc.
| Annual Trend | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|
| Depreciation and amortization | $3.1m | $3.5m | $3.5m | $3.9m | $10.7m | $17.5m | $27.2m | |
| Amortization of premium on short-term investments | ($499k) | $543k | $1.2m | $277k | ($4.5m) | ($3.2m) | ($755k) | |
| Share-based compensation expense | $21.8m | $28.2m | $142.7m | $160.7m | $180.7m | $136.6m | $104.8m | |
| Share-based compensation capitalized to internal-use software | — | — | $0 | $0 | $4.5m | $7.1m | $11.2m | |
| Non-cash operating leases expense | $1.5m | $2.0m | $2.1m | $2.3m | $2.5m | $1.8m | $2.3m | |
| Operating lease liabilities | ($1.7m) | ($1.5m) | ($2.8m) | ($3.0m) | ($3.4m) | ($3.2m) | ($4.2m) | |
| Cash paid for operating lease liabilities | ($15.4m) | $50.3m | $4.1m | $4.1m | $4.2m | $4.6m | $5.0m | |
| Operating lease right-of-use assets in exchange for lease liabilities | — | — | — | — | $0 | $577k | $5.3m | |
| Net (loss) income | ($58.2m) | ($47.7m) | ($163.9m) | ($184.8m) | ($223.0m) | $27.3m | ($13.9m) | |
| Executive chairman long-term performance award | — | — | — | $53.2m | $53.2m | ($144.6m) | $0 | |
| Non-cash postcombination compensation expense | — | — | $0 | $0 | $32.4m | $0 | $0 | |
| Other | $1.0m | $1.9m | $2.9m | $649k | $736k | $1.7m | $558k | |
| Accounts receivable | ($2.8m) | ($4.5m) | ($4.9m) | ($2.6m) | ($4.6m) | ($11.2m) | ($8.9m) | |
| Settlements receivable | ($4.0m) | ($3.0m) | $1.6m | ($6.8m) | ($11.9m) | $13.7m | ($1.8m) | |
| Network incentives receivable | ($8.2m) | ($9.4m) | ($10.4m) | ($12.3m) | ($11.1m) | ($13.0m) | $5.7m | |
| Prepaid expenses and other assets | ($5.4m) | ($2.5m) | ($7.7m) | ($8.6m) | $7.9m | $462k | ($2.1m) | |
| Accounts payable | $1.6m | ($839k) | $190k | $254k | ($2.0m) | ($350k) | ($81k) | |
| Revenue share payable | $18.6m | $48.4m | $43.0m | $21.0m | $31.5m | $19.8m | $31.1m | |
| Accrued expenses and other liabilities | $17.4m | $35.0m | $49.4m | $22.3m | $15.0m | $15.1m | $22.7m | |
| Capitalization of internal-use software | — | — | $0 | $0 | ($11.9m) | ($18.8m) | ($28.4m) | |
| Purchases of property and equipment | ($4.9m) | ($2.4m) | ($2.7m) | ($2.3m) | ($762k) | ($2.4m) | ($1.8m) | |
| Realized loss on investments | — | — | $0 | $0 | ($94k) | $0 | $0 | |
| Change in funds payable and amounts due to customers | — | — | — | — | $0 | $0 | $77.3m | |
| Proceeds from shares issued in connection with employee stock purchase plan | $0 | $0 | $3.2m | $4.8m | $3.1m | $2.7m | $2.1m | |
| Proceeds from exercise of stock options, including early exercised stock options, net of repurchase of early exercised unvested options | $1.1m | $3.1m | $4.5m | $9.2m | $5.3m | $203k | $1.7m | |
| Payment of acquisition-related contingent consideration | — | — | — | $0 | ($53.1m) | $0 | $0 | |
| Restricted cash, included in Other assets | — | — | — | — | $0 | $0 | $895k | |
| Contingent and holdback considerations, not yet paid | — | — | — | — | $0 | $0 | $6.0m | |
| Repurchase of common stock, including excise tax, accrued and not yet paid | $0 | $0 | $0 | $1.1m | $991k | $906k | $3.5m | |
| Purchase of property and equipment accrued and not yet paid | — | — | $1.2m | $563k | $113k | $2.1m | $1.2m | |
| Net cash provided by operating activities | ($15.4m) | $50.3m | $57.0m | ($13.0m) | $21.1m | $58.2m | $162.6m | |
| Restricted cash acquired in business combination | — | — | — | — | $0 | $0 | $229.7m | |
| Cash paid for business acquisition, net of cash acquired | — | — | $0 | $0 | ($135.8m) | $0 | ($45.7m) | |
| Purchases of short-term investments | ($528.3m) | ($216.2m) | ($455.3m) | ($70.5m) | ($892.4m) | $0 | ($3.5m) | |
| Maturities of short-term investments | $433.6m | $89.0m | $148.9m | $77.4m | $501.5m | $92.0m | $120.9m | |
| Sales of short-term investments | $0 | $72.0m | $0 | $0 | $577.9m | $0 | $0 | |
| Net cash provided by investing activities | ($100.3m) | ($57.6m) | ($329.1m) | $28.7m | $38.5m | $70.8m | $271.1m | |
| Repurchase of common stock | — | $0 | $0 | ($78.1m) | ($190.4m) | ($154.4m) | ($391.4m) | |
| Net cash used in financing activities | $139.0m | $167.4m | $1.3b | ($79.5m) | ($261.8m) | ($186.9m) | ($347.3m) | |
| Increase (decrease) in cash, cash equivalents, and restricted cash | $23.3m | $160.1m | $1.0b | ($63.7m) | ($202.2m) | ($58.0m) | $86.4m | |
| Cash, cash equivalents, and restricted cash - Beginning of period | $68.1m | $228.2m | $1.3b | $1.2b | $989.5m | $931.5m | $1.0b | |
| Cash and cash equivalents | — | — | $1.2b | $1.2b | $981.0m | $923.0m | $709.4m | |
| Restricted cash | — | — | $7.8m | $7.8m | $8.5m | $8.5m | $307.6m | |
| Taxes paid related to net share settlement of restricted stock units | $0 | $0 | $23.6m | ($15.4m) | ($26.7m) | ($35.4m) | ($37.0m) | |
| Cash paid for income taxes | $0 | $0 | $201k | $84k | $430k | $396k | $595k |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.