Marqeta, Inc. Class A (MQ)

Marqeta reported strong Q1 2025 results with TPV up 27% and net revenue up 18% year-over-year. Marqeta announced it was powering the Perpay Credit Card and had migrated and launched the Bitpanda Card across 26 European countries. Marqeta announced it would power the new Klarna Debit Card in the U.S. The company reported Q2 2025 financial results, with TPV increasing 29% year-over-year and gross profit growing 31%, and completed its acquisition of TransactPay. Mike Milotich was officially appointed CEO. Marqeta released its sixth annual State of Payments Report. Director Jason M. Gardner and CRO Todd Pollak sold shares of Marqeta stock. Citigroup initiated coverage with a "Neutral" recommendation, while Goldman Sachs downgraded Marqeta to "Sell" and cut its price target. Marqeta is scheduled to announce its Q3 2025 results.

Based on the available information, there is no explicit data detailing significant demand seasonality for Marqeta, Inc.'s products and services. In Q1 2025, Marqeta's CEO noted that there had not been a meaningful shift in the mix of spending across the platform, suggesting a degree of stability in demand for its services.

Marqeta, Inc. is a global modern card issuing platform providing infrastructure and tools for configurable payment cards and embedded finance solutions. It operates in the Technology sector, specifically in Software - Infrastructure and Financial Transaction Services. Marqeta's core offering is a cloud-based open API platform that enables businesses to issue and process prepaid, credit, and debit cards. The company provides a card issuing platform for card lifecycle and case management, data insights and reporting, RiskControl for fraud detection, credit capabilities, a Portfolio Migration service, Marqeta Flex for BNPL loans, UX Toolkit for payment interfaces, and access to bank account and money movement features. Marqeta serves industries including digital payments, online travel, small business lending, insurance, expense management, media and ad agencies, and crypto cards, with key partnerships including Square, DoorDash, and Klarna.

Marqeta is headquartered in Oakland, California, and operates in over 40 countries. Its operations span across the US, the UK, Australia, Brazil, and Singapore. In 2022, Marqeta expanded its global reach with new certifications for Singapore, the Philippines, and Thailand, establishing Singapore as its Asia Pacific regional hub. The company also supports customers in New Zealand. In June 2024, Marqeta expanded its European footprint by opening a new office in Warsaw, Poland.

Marqeta's brand reputation has been positively influenced by the release of its "2025 State of Payments Report", the completion of the TransactPay acquisition, new product launches and partnerships, and its focus on embedded finance. Analyst downgrades and stock price volatility can indirectly affect investor and market perception.

Marqeta, Inc. is largely controlled by institutional shareholders, who collectively own 64% of the company. A total of 11 investors hold a majority stake with 52% ownership. Major institutional owners include Price T Rowe Associates, T. Rowe Price Investment Management, TRMCX - T. Rowe Price Mid-Cap Value Fund, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, and Renaissance Technologies. Insiders own 12.61% of the company's stock.