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Mar 31, 2022
Marqeta Q1 2022 Earnings Report
Marqeta's modern card issuing platform showed strong fundamentals, powering customers to new milestones and enabling global expansion, while launching new products and partners.
Key Takeaways
Marqeta's first quarter 2022 results showed strong growth, with net revenue up 54% year-over-year to $166 million and a 53% increase in total processing volume. Gross profit also increased by 50% year-over-year.
Net revenue increased by 54% year-over-year to $166 million.
Total Processing Volume (TPV) increased by 53% year-over-year to $37 billion.
Gross profit increased by 50% year-over-year to $75 million.
GAAP net loss was $61 million.
Marqeta
Marqeta
Forward Guidance
Marqeta provided guidance for the second quarter of 2022, including net revenue growth of 46-48%, gross profit margin of 40-41%, and adjusted EBITDA margin of negative 10-11%.