<span item_type="fundamental" item_id="b15d12de5cbb02f9379ba4dba8b04930" counter_id="ST/US/MQ" env="prod"></span><span item_type="announcement" item_id="645219148486346113" env="prod"></span><p>Revenue: As of FY2026 Q1, the actual value is USD 165.8 M, beating the estimate of USD 164.16 M.</p><p>EPS: As of FY2026 Q1, the actual value is USD 0.02.</p><p>EBIT: As of FY2026 Q1, the actual value is USD 2.094 M.</p><p></p><h4>Total Processing Volume (TPV)</h4><p>Marqeta, Inc. reported Total Processing Volume (TPV) of $112 billion for the first quarter ended March 31, 2026, which is a year-over-year increase of 33% from $84 billion in the first quarter of 2025. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1522540/000152254026000036/mqearningsrelease-q1x2026.htm"></span></p><h4>Net Revenue</h4><p>Net Revenue for the first quarter of 2026 was $166 million, marking an increase of 19% year-over-year from $139,073 thousand in the first quarter of 2025. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1522540/000152254026000036/mqearningsrelease-q1x2026.htm"></span></p><h4>Gross Profit and Gross Margin</h4><p>Gross Profit increased by 19% year-over-year to $118 million in the first quarter of 2026, up from $98,679 thousand in the first quarter of 2025. The Gross Margin remained consistent at 71% for both the first quarter of 2026 and the first quarter of 2025. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1522540/000152254026000036/mqearningsrelease-q1x2026.htm"></span></p><h4>Operating Expenses</h4><p>Total Operating Expenses decreased by 1% year-over-year, from $117,217 thousand in the first quarter of 2025 to $115,498 thousand in the first quarter of 2026. Specific operating expense categories for Q1 2026 include: Compensation and benefits at $78,018 thousand (down 9% from Q1 2025), Technology at $18,090 thousand (up 22% from Q1 2025), Depreciation and amortization at $8,854 thousand (up 66% from Q1 2025), Professional services at $4,631 thousand (down 19% from Q1 2025), Occupancy at $1,179 thousand (up 29% from Q1 2025), Marketing and advertising at $1,160 thousand (up 147% from Q1 2025), and Other operating expenses at $3,566 thousand (down 10% from Q1 2025). <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1522540/000152254026000036/mqearningsrelease-q1x2026.htm"></span></p><h4>Income (Loss) from Operations</h4><p>Marqeta, Inc. reported Income from operations of $2,094 thousand in the first quarter of 2026, significantly improving from a Loss from operations of -$18,538 thousand in the first quarter of 2025, representing a 111% change. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1522540/000152254026000036/mqearningsrelease-q1x2026.htm"></span></p><h4>Net Income (Loss) and Margin</h4><p>GAAP Net Income for the first quarter of 2026 was $7,834 thousand, compared to a Net Loss of -$8,260 thousand in the same period of the prior year, an improvement of $16 million. The Net Income Margin was 5% in the first quarter of 2026, an increase of 11 percentage points versus the -6% margin in the prior year. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1522540/000152254026000036/mqearningsrelease-q1x2026.htm"></span></p><h4>Adjusted EBITDA and Margin</h4><p>Adjusted EBITDA was $33,338 thousand in the first quarter of 2026, an increase of 66% year-over-year from $20,081 thousand in the first quarter of 2025. The Adjusted EBITDA Margin was 20% in the first quarter of 2026, an increase of 6 percentage points versus the 14% margin in the prior year. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1522540/000152254026000036/mqearningsrelease-q1x2026.htm"></span></p><h4>Cash Flow from Operating Activities</h4><p>Net cash used in operating activities was -$3,367 thousand for the three months ended March 31, 2026, compared to net cash provided by operating activities of $9,987 thousand for the three months ended March 31, 2025. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1522540/000152254026000036/mqearningsrelease-q1x2026.htm"></span></p><h4>Cash Flow from Investing Activities</h4><p>Net cash provided by investing activities was $16,057 thousand for the three months ended March 31, 2026, compared to $14,861 thousand for the three months ended March 31, 2025. Key components included maturities of short-term investments of $25,134 thousand and capitalization of internal-use software of -$7,798 thousand in Q1 2026. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1522540/000152254026000036/mqearningsrelease-q1x2026.htm"></span></p><h4>Cash Flow from Financing Activities</h4><p>Net cash used in financing activities was -$74,538 thousand for the three months ended March 31, 2026, compared to -$116,967 thousand for the three months ended March 31, 2025. This included $39,207 thousand for the repurchase of common stock and a change in funds payable and amounts due to customers of -$26,593 thousand in Q1 2026. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1522540/000152254026000036/mqearningsrelease-q1x2026.htm"></span></p><h4>Financial Guidance</h4><p>For the second quarter of 2026, Marqeta, Inc. anticipates Net Revenue Growth and Gross Profit Growth in the range of 14% to 16%, and Adjusted EBITDA Growth between 10% and 12%. For the full fiscal year 2026, the company expects Net Revenue Growth of 12% to 14%, Gross Profit Growth of 10% to 12%, and Adjusted EBITDA Growth in the mid-to-high 20s. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1522540/000152254026000036/mqearningsrelease-q1x2026.htm"></span></p>

Marqeta | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 165.8 M