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Dec 31, 2022
Marqeta Q4 2022 Earnings Report
Marqeta's Q4 2022 earnings reflected a 31% increase in net revenue and a 41% increase in TPV year-over-year.
Key Takeaways
Marqeta reported a 31% increase in net revenue to $204 million and a 41% increase in TPV to $47 billion in Q4 2022. The company's gross profit increased by 15% year-over-year to $87 million, while GAAP net loss decreased by 28% to $26 million.
TPV increased by 41% year-over-year to $47 billion.
Net revenue increased by 31% year-over-year to $204 million.
Gross profit increased by 15% year-over-year to $87 million.
Net loss decreased by 28% year-over-year to $26 million.
Marqeta
Marqeta
Forward Guidance
Marqeta provided guidance for the first quarter of 2023, projecting net revenue growth of 26-28%, gross profit growth of 14-16%, and an adjusted EBITDA margin of negative 5-6%.
Positive Outlook
- Net Revenue Growth: 26-28%
- Gross Profit Growth: 14-16%
Challenges Ahead
- Adjusted EBITDA Margin: Negative 5-6%