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Jun 30, 2021
Marqeta Q2 2021 Earnings Report
Marqeta's net revenue increased by 76% year-over-year, driven by customer growth.
Key Takeaways
Marqeta's Q2 2021 earnings report revealed a 76% increase in net revenue to $122 million and a 76% increase in total processing volume (TPV) to $26.5 billion, alongside a 70% increase in gross profit. However, the company reported a GAAP net loss of $68.6 million and an Adjusted EBITDA of $(10.6) million.
Net revenue was $122 million, up 76% year-over-year.
Total processing volume (TPV) was $26.5 billion, a 76% increase year-over-year.
Gross profit was $47 million, up 70% year-over-year.
GAAP net loss was $68.6 million.
Marqeta
Marqeta
Marqeta Revenue by Segment
Forward Guidance
Marqeta's guidance for the third quarter of 2021 includes net revenue of $114 - $119 million and Adjusted EBITDA of $(16) - $(13) million.