Slide 1: Marqeta Earnings Supplement
Marqeta Earnings Supplement May 7, 2025 1
Slide 2: Safe Harbor Statement
Safe Harbor Statement This earnings supplement contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements expressed or implied in this presentation include, but are not limited to, state
Slide 3: Quarterly Total Processing Volume (TPV)
Quarterly Total Processing Volume (TPV) $84B $80B $74B 27% $71B $67B Q1 '24 Q2 '24 Q3 '24 Q4 '24 Q1 '25 TPV (in billions) 3 Marqeta Earnings Supplement
Slide 4: Quarterly Net Revenue
Quarterly Net Revenue $139M $136M $125M $128M 18% $118M Q1 '24 Q2 '24 Q3 '24 Q4 '24 Q1 '25 Net Revenue (in millions) 4 Marqeta Earnings Supplement
Slide 5: Quarterly Gross Profit and Gross Profit Margin
Quarterly Gross Profit and Gross Profit Margin $98M $99M 17% $90M $84M $79M 71% 70% 72% 71% 63% Q1 '24 Q2 '24 Q3 '24 Q4 '24 Q1 '25 Gross Profit (in millions) Gross Profit Margin (%) 5 Marqeta Earnings Supplement
Slide 6: Quarterly Non-GAAP Operating Expenses
Quarterly Non-GAAP Operating Expenses 1 $86M $81M $81M $79M $75M 5% Q1 '24 Q2 '24 Q3 '24 Q4 '24 Q1 '25 Non-GAAP operating expenses (in millions) 6 1 See “Information regarding Non-GAAP Measures” for definition of Non-GAAP Operating Expenses as well as Marqeta Earnings Supplement “Reconciliation of G
Slide 7: Quarterly Adjusted EBITDA and Adjusted EBITDA Margin
Quarterly Adjusted EBITDA and Adjusted EBITDA Margin 1 $20M $13M $9M $9M ($2M) Adjusted EBITDA Margin 8% (1%) 7% 9% 14% Q1 '24 Q2 '24 Q3 '24 Q4 '24 Q1 '25 Non-GAAP Adjusted EBITDA (in millions) 1 Marqeta Earnings Supplement 7 See “Information regarding Non-GAAP Measures” for definition of Adjusted E
Slide 8: Information Regarding Non-GAAP Measures
Information Regarding Non-GAAP Measures In addition to the financial measures prepared in accordance with generally accepted accounting principles in the United States (“GAAP”), this earnings supplement contains certain non-GAAP financial measures. Marqeta considers Adjusted EBITDA, Adjusted EBITDA
Slide 9: Reconciliation of GAAP to Non-GAAP Measures
Reconciliation of GAAP to Non-GAAP Measures March 31, June 30, September 30, December 31, March 31, (dollars in thousands) 2024 2024 2024 2024 2025 Net revenue $ 117,968 $ 125,270 $ 127,967 $ 135,790 $ 139,073 Net (loss) income $ (36,060) $ 119,108 $ (28,643) $ (27,119) $ (8,260) Net (loss) income m
Slide 10: Q2 and 2025 Financial Guidance
Q2 and 2025 Financial Guidance Our guidance for Net Revenue reflects the accounting impact of a renegotiated platform partner agreement, which does not impact Gross Profit. Second Quarter Fiscal Year 2025 2025 Net Revenue Growth 11 - 13% 13 - 15% Gross Profit Growth 23 - 25% 14 - 16% Adj. EBITDA Mar