Marqeta (MQ) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Marqeta

NasdaqGS•Technology•Software - Infrastructure

$15.89-0.20(-0.01%)Pre-market

Market Cap

$1.64B

P/E

158.2x

P/S

2.4x

P/B

2.3x

Marqeta, Inc. operates a cloud-based open API platform for card issuing and transaction processing services in the United States. The company's platform also provides processor services, bank and network management, program management, and value added services; card issuing, such as debit, prepaid, credit, virtual, and physical cards; UI/UX; access to a suite of bank account and money movement features, including savings accounts, demand deposit accounts, direct deposit with early pay, ACH, cash loads, and fee-free ATMs, bill pay, and instant funding capabilities; Marqeta Dashboard, a self-service portal to access and manage all aspects of card program; TransactPay; Marqeta Hub for consumers, buy now, pay later (BNPL) providers, and card issuers; and credit capabilities, as well as Portfolio Migration which simplifies upgrading existing card programs into its platform. It offers its solutions in various verticals, including financial services, on-demand services, lending, expense management, and e-commerce enablement, as well as BNPL providers. Marqeta, Inc. was incorporated in 2010 and is headquartered in Oakland, California.

How this company scores

GoodMetricSide Score: 67/100

Strongest: Growth (25/25); weakest: Profitability (11/25).

Profitability11/25

Growth25/25

Balance Sheet & Red Flags15/25

Cash & Earnings Quality16/25

Strengths

Growing revenueRising free cash flowRising earningsInterest easily covered

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 158.2x5y range 37.5x – 796.3x

Currently near its 5-quarter median.

P/S · 2.4x5y range 2.4x – 8.9x

Currently below its 18-quarter median.

P/B · 2.3x5y range 1.6x – 7.9x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Red Flag

FCF consistently trails net income (avg -9.4x) — earnings may be inflated by non-cash items or aggressive accounting.

Price & Volume

Market Cap $1.64B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $677.21M
Q. Revenue: $176.00M
TTM EBITDA: $20.80M
TTM Op. Income: $-12.93M
Q. Op. Income: $3.64M
TTM Net Income: $10.38M
Q. Net Income: $7.57M
EPS: N/A
Shares Out.: $105.47M

$677.21M in TTM revenue grew 22.4% YoY, reaching $176.00M last quarter. TTM EBITDA of $20.80M and TTM operating income of $-12.93M show growth is flowing through to the bottom line. TTM net income of $10.38M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 69.2%
EBITDA Margin: 7.6%
Op. Margin: 2.1%
Net Margin: 4.3%

Op. margin of 2.1% is up 8.2% YoY — cost efficiency is improving. Net margin at 4.3% and gross margin of 69.2% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has risen for 3 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 158.2x
P/S Ratio: 2.4x
P/B Ratio: 2.3x

At 158.2x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 2.4x and P/B of 2.3x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is down 11% — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $1.39B
Cash: $691.42M
Long-Term Debt: N/A
Book Value: $715.56M
D/E Ratio: N/A
Debt/EBITDA: 0.0

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $63.18M
TTM Free Cash Flow: $198.17M
FCF Margin: 29.3%
FCF / Net Income: 19.1

TTM FCF of $198.17M on $63.18M in operating cash flow. The FCF / Net Income ratio of 19.1x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is up 276% — an improving trend.