Marqeta, Inc. · NASDAQ:MQ
Marqeta — Q3 2024 Earnings Presentation
9 slides from Marqeta's earnings presentation, Nov 4, 2024
Slide 1: Marqeta Earnings Supplement
Marqeta Earnings Supplement November 4, 2024 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) $74B $71B $67B $62B +30% $57B Q3 '23 Q4 '23 Q1 '24 Q2 '24 Q3 '24 TPV (in billions) 3 Marqeta Earnings Supplement
Slide 4: Quarterly Net Revenue
Quarterly Net Revenue $125M $128M $119M $118M 18% $109M Q3 '23 Q4 '23 Q1 '24 Q2 '24 Q3 '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 $90M $83M $84M 24% $79M $73M 70% 71% 70% 67% 63% Q3 '23 Q4 '23 Q1 '24 Q2 '24 Q3 '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 $81M $81M $80M 9% $75M $75M Q3 '23 Q4 '23 Q1 '24 Q2 '24 Q3 '24 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 Net Revenue and Adjusted EBITDA Margin
Quarterly AdjustedNet EBITDA andQuarterly Revenue Adjusted EBITDA Margin 1 $9M $9M $3M ($2M) ($2M) Q3 '23 Q4 '23 Q1 '24 Q2 '24 Q3 '24 Adjusted EBITDA Margin (2%) 3% 8% (1%) 7% Non-GAAP Adjusted EBITDA (in millions) 1 Marqeta Earnings Supplement 7 See “Information regarding Non-GAAP Measures” for def
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 September 30, December 31, March 31, June 30, September 30, (dollars in thousands) 2023 2023 2024 2024 2024 Net revenue $ 108,891 $ 118,822 $ 117,968 $ 125,270 $ 127,967 Net (loss) income $ (54,990) $ (40,376) $ (36,060) $ 119,108 $ (28,643) Net (loss) inc