Slide 1: Marqeta Earnings Supplement
Marqeta Earnings Supplement August 8, 2023 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 earnings supplement include, but are not limited to
Slide 3: Quarterly Total Processing Volume (TPV)
Quarterly Total Processing Volume (TPV) $54B $50B $47B +33% $42B $40B Q2 '22 Q3 '22 Q4 '22 Q1 '23 Q2 '23 TPV (in billions) 3 Marqeta Earnings Supplement
Slide 4: Net Revenue
Quarterly Net Revenue $231M $217M $204M +24% $187M $192M Q2 '22 Q3 '22 Q4 '22 Q1 '23 Q2 '23 Net Revenue (in millions) 4 Marqeta Earnings Supplement
Slide 5: Gross Profit and Gross Profit Margin
Quarterly Gross Profit and Gross Profit Margin $87M $89M $85M $80M $78M +8% 42% 42% 43% 41% 37% Q2 '22 Q3 '22 Q4 '22 Q1 '23 Q2 '23 Gross Profit (in millions) Gross Profit Margin (%) 5 Marqeta Earnings Supplement
Slide 6: Non-GAAP Operating Expenses
Quarterly Non-GAAP Operating Expenses 1 $94M $95M $94M $88M $84M (5%) Q2 '22 Q3 '22 Q4 '22 Q1 '23 Q2 '23 Non-GAAP operating expenses (in millions) 1 See “Information regarding Non-GAAP Measure” for definition of Non-GAAP Operating Expenses as well as 6 Marqeta Earnings Supplement “Reconciliation of
Slide 7: Net Revenue, Adjusted EBITDA and Adjusted EBITDA Margin
Quarterly Net Revenue, Adjusted EBITDA and Adjusted EBITDA Margin 1 $231M $217M $204M +24% $187M $192M (2%) 0.4% (5%) (7%) (4%) Q2 '22 Q3 '22 Q4 '22 Q1 '23 Q2 '23 Adjusted EBITDA ($10M) ($14M) ($7M) ($4M) $1M Net Revenue (in millions) Adjusted EBITDA Margin (%) 1 See “Information regarding Non-GAAP
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 June 30, September 30, December 31, March 31, June 30, (dollars in thousands) 2022 2022 2022 2023 2023 Net revenue $ 186,678 $ 191,621 $ 203,805 $ 217,343 $ 231,115 Net loss $ (44,688) $ (53,168) $ (26,326) $ (68,800) $ (58,797) Net loss margin (24%) (28%)