Marqeta, Inc. · NASDAQ:MQ
Marqeta — Q4 2024 Earnings Presentation
10 slides from Marqeta's earnings presentation, Feb 26, 2025
Slide 1: Marqeta Earnings Supplement
Marqeta Earnings Supplement February 26, 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) $80B $74B $71B $67B +29% $62B Q4 '23 Q1 '24 Q2 '24 Q3 '24 Q4 '24 TPV (in billions) 3 Marqeta Earnings Supplement
Slide 4: Quarterly Net Revenue
Quarterly Net Revenue $136M $125M $128M $119M $118M 14% Q4 '23 Q1 '24 Q2 '24 Q3 '24 Q4 '24 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 18% $90M $83M $84M $79M 70% 71% 70% 72% 63% Q4 '23 Q1 '24 Q2 '24 Q3 '24 Q4 '24 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 7% $80M $75M Q4 '23 Q1 '24 Q2 '24 Q3 '24 Q4 '24 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 GA
Slide 7: Quarterly Net Revenue and Adjusted EBITDA
Quarterly AdjustedNet EBITDA Adjusted EBITDA Margin 1 andQuarterly Revenue $13M $9M $9M $3M ($2M) Q4 '23 Q1 '24 Q2 '24 Q3 '24 Q4 '24 Adjusted EBITDA Margin 3% 8% (1%) 7% 9% Non-GAAP Adjusted EBITDA (in millions) 1 See “Information regarding Non-GAAP Measure” for definition of Adjusted EBITDA and Adj
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 Three Months Ended, December 31, March 31, June 30, September 30, December 31, (dollars in thousands) 2023 2024 2024 2024 2024 Net revenue $ 118,822 $ 117,968 $ 125,270 $ 127,967 $ 135,790 Net (loss) income $ (40,376) $ (36,060) $ 119,108 $ (28,643) $ (27,
Slide 10: Financial 2025 Guidance
Financial 2025 Guidance First Quarter Fiscal Year 2025 2025 Net Revenue Growth 14 - 16% 16 - 18% Gross Profit Growth 11 - 13% 14 - 16% Adj. EBITDA Margin 1 10 -11% 9 - 10% 1 See “Information regarding Non-GAAP Measures“ for definition of Adjusted EBITDA. A reconciliation of Adjusted EBITDA margin to