(MQ) Marqeta - Overview
Sector: Technology | Industry: Software - Infrastructure | Exchange: NASDAQ (USA) | Market Cap: 1.722m USD | Total Return: -29.5% in 12m
Avg Turnover: 14.7M
Qual. Beats: 0
Rev. Trend: -38.4%
Qual. Beats: 0
Warnings
P/E ratio 406.0
Below Avwap Earnings
Tailwinds
Confidence
Marqeta, Inc. (MQ) operates a cloud-native, open API platform designed for modern card issuing and payment processing. Headquartered in Oakland, California, the company provides infrastructure that allows businesses to launch and manage customized physical, virtual, and prepaid card programs. Its technology stack integrates core functions such as transaction processing, ledger management, and fraud monitoring into a single interface.
The company serves diverse sectors including Buy Now, Pay Later (BNPL) providers, on-demand delivery services, and digital banking. Marqeta utilizes a processor-as-a-service model, which differs from legacy payment systems by offering developers high levels of configuration and real-time control over transaction authorization. This flexibility is critical in the fintech sector, where companies require rapid deployment and scalable money movement features like ACH transfers and instant funding.
Investors can further evaluate these technical capabilities and market positioning by reviewing the comprehensive data available on ValueRay. Marqeta remains a central infrastructure provider for the digital economy, facilitating complex payment workflows for global e-commerce and expense management platforms.
- Concentration of transaction volume from Block and Cash App impacts revenue stability
- Expansion of Buy Now Pay Later partnerships drives total processing volume growth
- Shift toward credit card issuing solutions improves long-term gross margin profile
- High sensitivity to interest rate fluctuations affecting consumer lending and BNPL demand
- Regulatory scrutiny of fintech banking partnerships increases compliance and operating costs
| Net Income: 2.17m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.08 > 0.02 and ΔFCF/TA 4.22 > 1.0 |
| NWC/Revenue: 71.71% < 20% (prev 147.3%; Δ -75.55% < -1%) |
| CFO/TA 0.10 > 3% & CFO 149.3m > Net Income 2.17m |
| Net Debt (-970.0m) to EBITDA (20.2m): -47.92 < 3 |
| Current Ratio: 1.65 > 1.5 & < 3 |
| Outstanding Shares: last quarter (433.6m) vs 12m ago -13.50% < -2% |
| Gross Margin: 56.68% > 18% (prev 69.37%; Δ -12.70% > 0.5%) |
| Asset Turnover: 46.11% > 50% (prev 39.13%; Δ 6.98% > 0%) |
| Interest Coverage Ratio: error (cannot be calculated; needs correct EBIT TTM and Interest Expense TTM) |
| A: 0.32 (Total Current Assets 1.19b - Total Current Liabilities 721.1m) / Total Assets 1.48b |
| B: -0.54 (Retained Earnings -804.0m / Total Assets 1.48b) |
| C: -0.01 (EBIT TTM -10.4m / Avg Total Assets 1.41b) |
| D: 1.01 (Book Value of Equity 742.3m / Total Liabilities 734.4m) |
| Altman-Z'' = 1.31 = BB |
| DSRI: 1.29 (Receivables 172.0m/107.8m, Revenue 651.6m/528.1m) |
| GMI: 1.22 (GM 69.37% / 56.68%) |
| AQI: 1.16 (AQ_t 0.15 / AQ_t-1 0.13) |
| SGI: 1.23 (Revenue 651.6m / 528.1m) |
| TATA: -0.10 (NI 2.17m - CFO 149.3m) / TA 1.48b) |
| Beneish M = -2.33 (Cap -4..+1) = BBB |
As of June 07, 2026, the stock is trading at USD 3.88 with a total of 5,712,784 shares traded.
Over the past week, the price has changed by -4.43%,
over one month by -13.39%,
over three months by -4.43% and
over the past year by -29.45%.
Marqeta has received a consensus analysts rating of 3.65. Therefore, it is recommended to hold MQ.
- StrongBuy: 5
- Buy: 1
- Hold: 11
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 5.2 | 33.8% |
P/E Trailing = 406.0
P/E Forward = 204.0816
P/S = 2.642
P/B = 2.3164
P/EG = 1.5017
Revenue TTM = 651.6m USD
EBIT TTM = -10.4m USD
EBITDA TTM = 20.2m USD
Long Term Debt = 4.80m USD (estimated: total debt 15.1m - short term 10.3m)
Short Term Debt = 10.3m USD (from shortTermDebt, last quarter)
Debt = 22.5m USD (from shortLongTermDebtTotal, last quarter) + Leases 7.37m
Net Debt = -970.0m USD (calculated: Debt 22.5m - CCE 992.5m)
Enterprise Value = 751.6m USD (1.72b + Debt 22.5m - CCE 992.5m)
Interest Coverage Ratio = unknown (Ebit TTM -10.4m / Interest Expense TTM 0.0)
EV/FCF = 6.69x (Enterprise Value 751.6m / FCF TTM 112.4m)
FCF Yield = 14.95% (FCF TTM 112.4m / Enterprise Value 751.6m)
FCF Margin = 17.24% (FCF TTM 112.4m / Revenue TTM 651.6m)
Net Margin = 0.33% (Net Income TTM 2.17m / Revenue TTM 651.6m)
Gross Margin = 56.68% ((Revenue TTM 651.6m - Cost of Revenue TTM 282.3m) / Revenue TTM)
Gross Margin QoQ = 18.53% (prev 69.71%)
Tobins Q-Ratio = 0.51 (Enterprise Value 751.6m / Total Assets 1.48b)
Interest Expense / Debt = 0.0% (Interest Expense 0.0 / Debt 22.5m)
Taxrate = 20.35% (554k / 2.72m)
NOPAT = -8.32m (EBIT -10.4m * (1 - 20.35%)) [loss with tax shield]
Current Ratio = 1.65 (Total Current Assets 1.19b / Total Current Liabilities 721.1m)
Debt / Equity = 0.03 (Debt 22.5m / totalStockholderEquity, last quarter 742.3m)
Debt / EBITDA = -47.92 (Net Debt -970.0m / EBITDA 20.2m)
Debt / FCF = -8.63 (Net Debt -970.0m / FCF TTM 112.4m)
Total Stockholder Equity = 796.7m (last 4 quarters mean from totalStockholderEquity)
RoA = 0.15% (Net Income 2.17m / Total Assets 1.48b)
RoE = 0.27% (Net Income TTM 2.17m / Total Stockholder Equity 796.7m)
RoCE = -1.30% (EBIT -10.4m / Capital Employed (Equity 796.7m + L.T.Debt 4.80m))
RoIC = -1.13% (negative operating profit) (NOPAT -8.32m / Invested Capital 733.3m)
WACC = 8.99% (E(1.72b)/V(1.74b) * Re(9.11%) + D(22.5m)/V(1.74b) * Rd(0.0%) * (1-Tc(0.20)))
Discount Rate = 9.11% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -82.22 | Cagr: -7.94%
[DCF] Terminal Value 75.92% ; FCFF base≈85.7m ; Y1≈98.2m ; Y5≈144.6m
[DCF] Fair Price = 7.48 (EV 1.95b - Net Debt -970.0m = Equity 2.92b / Shares 391.2m; r=8.99% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.53 | # QB: 0
Revenue Correlation: -38.42 | Revenue CAGR: -7.30% | SUE: 0.33 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.00 | Chg30d=N/A | Revisions=N/A | Analysts=2
EPS next Quarter (2026-09-30): EPS=0.00 | Chg30d=N/A | Revisions=N/A | Analysts=2
EPS current Year (2026-12-31): EPS=0.03 | Chg30d=N/A | Revisions=N/A | GrowthEPS=+64.5% | GrowthRev=+13.4%
EPS next Year (2027-12-31): EPS=0.11 | Chg30d=+50.14% | Revisions=+20% | GrowthEPS=+284.7% | GrowthRev=+16.8%
[Analyst] Revisions Ratio: +20%