📊 MQ Key Takeaways
Is MQ a Good Investment? Thesis Analysis
Marqeta demonstrates strong revenue growth of 23.3% YoY and exceptional free cash flow generation at 25.7% FCF margin, indicating solid operational fundamentals and business model quality. However, operating losses of -7.4% margin and negative net income of -13.9M raise profitability concerns despite the company's strong gross margin of 70%, suggesting path to profitability remains uncertain despite revenue momentum.
Why Buy MQ? Key Strengths
- Strong revenue growth of 23.3% YoY demonstrating market traction
- Exceptional free cash flow of 160.8M and 25.7% FCF margin indicating efficient capital deployment
- Healthy gross margin of 70% showing strong unit economics and pricing power
- Solid balance sheet with 709.4M cash and 1.65x current ratio providing financial flexibility
- Minimal leverage with 0.00x debt-to-equity ratio reducing financial risk
MQ Investment Risks to Consider
- Persistent operating losses of -46.4M and negative operating margin of -7.4% despite revenue growth
- Negative net income of -13.9M indicating profitability challenges at bottom line
- Lack of visible path to profitability with declining margins on growing revenue base
- 18 insider Form 4 filings in last 90 days warrant monitoring for insider trading patterns
- Operating cash flow generation may not be sustainable if company cannot achieve profitability
Key Metrics to Watch
- Operating margin trajectory - critical to monitor path from -7.4% toward breakeven
- Net income and profitability - must achieve positive net income to validate business model
- Free cash flow sustainability - verify if 25.7% FCF margin remains stable as growth moderates
- Operating expense ratio relative to revenue - assess if OpEx growth is controlled
- Customer acquisition cost and retention metrics - validate sustainability of growth model
MQ Financial Metrics
💡 AI Analyst Insight
The 25.7% free cash flow margin provides substantial flexibility for dividends, buybacks, and strategic investments.
MQ Profitability Ratios
MQ vs Technology Sector
How Marqeta, Inc. compares to Technology sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is MQ Overvalued or Undervalued?
Based on fundamental analysis, Marqeta, Inc. has mixed fundamental signals relative to the Technology sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
MQ Balance Sheet & Liquidity
MQ 5-Year Financial Trend & Growth Analysis
5-Year Trend Summary: Marqeta, Inc.'s revenue has grown significantly by 31% over the 5-year period, indicating strong business expansion. The most recent EPS of $-0.42 indicates the company is currently unprofitable.
MQ Growth Metrics (YoY)
MQ Quarterly Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2025 | $128.0M | -$647.0K | $-0.01 |
| Q2 2025 | $125.3M | -$647.0K | $0.00 |
| Q1 2025 | $118.0M | -$8.3M | $-0.02 |
| Q3 2024 | $108.9M | -$28.6M | $-0.06 |
| Q2 2024 | $125.3M | -$36.1M | $-0.11 |
| Q1 2024 | $118.0M | -$36.1M | $-0.07 |
| Q3 2023 | $108.9M | -$44.7M | $-0.10 |
| Q2 2023 | $186.7M | -$44.7M | $-0.08 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
MQ Capital Allocation
MQ SEC 10-K & 10-Q Filing Analysis
Access official SEC EDGAR filings for Marqeta, Inc. (CIK: 0001522540)
📋 Recent SEC Filings
| Date | Form | Document | Action |
|---|---|---|---|
| Mar 18, 2026 | 4 | xslF345X06/wk-form4_1773870690.xml | View → |
| Mar 18, 2026 | 4 | xslF345X06/wk-form4_1773870667.xml | View → |
| Mar 18, 2026 | 4 | xslF345X06/wk-form4_1773870642.xml | View → |
| Mar 18, 2026 | 4 | xslF345X06/wk-form4_1773870544.xml | View → |
| Mar 18, 2026 | 4 | xslF345X06/wk-form4_1773870523.xml | View → |
❓ Frequently Asked Questions about MQ
What is the AI rating for MQ?
Marqeta, Inc. (MQ) has an AI rating of HOLD with 65% confidence, based on fundamental analysis of SEC EDGAR filings.
What are MQ's key strengths?
Claude: Strong revenue growth of 23.3% YoY demonstrating market traction. Exceptional free cash flow of 160.8M and 25.7% FCF margin indicating efficient capital deployment.
What are the risks of investing in MQ?
Claude: Persistent operating losses of -46.4M and negative operating margin of -7.4% despite revenue growth. Negative net income of -13.9M indicating profitability challenges at bottom line.
What is MQ's revenue and growth?
Marqeta, Inc. reported revenue of $624.9M.
Does MQ pay dividends?
Marqeta, Inc. does not currently pay dividends.
Where can I find MQ SEC filings?
Official SEC filings for Marqeta, Inc. (CIK: 0001522540) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is MQ's EPS?
Marqeta, Inc. has a diluted EPS of $0.00.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.
Is MQ a good stock to buy right now?
Based on our AI fundamental analysis in April 2026, Marqeta, Inc. has a HOLD rating with 65% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.
Is MQ stock overvalued or undervalued?
Valuation metrics for MQ: ROE of -1.8% (sector avg: 22%), net margin of -2.2% (sector avg: 18%). Compare these metrics with sector averages to assess valuation.
Should I buy MQ stock in 2026?
Our dual AI analysis gives Marqeta, Inc. a combined HOLD rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is MQ's free cash flow?
Marqeta, Inc.'s operating cash flow is $162.6M, with capital expenditures of $1.8M. FCF margin is 25.7%.
How does MQ compare to other Technology stocks?
Vs Technology sector averages: Net margin -2.2% (avg: 18%), ROE -1.8% (avg: 22%), current ratio 1.65 (avg: 2.5).