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Dec 31, 2024
Marqeta Q4 2024 Earnings Report
Marqeta reported its fourth quarter and full year 2024 financial results, with significant growth in total processing volume and gross profit.
Key Takeaways
Marqeta reported a strong fourth quarter for 2024, with Total Processing Volume (TPV) increasing by 29% year-over-year to $80 billion and Gross Profit growing by 18% to $98 million. Net Revenue for the quarter was $136 million, a 14% increase year-over-year. The company also reported a GAAP Net Loss of $27 million and Adjusted EBITDA of $13 million for the quarter.
Total Processing Volume (TPV) increased by 29% year-over-year to $80 billion in Q4 2024.
Gross Profit grew by 18% year-over-year to $98 million in Q4 2024, with a gross margin of 72%.
Net Revenue increased by 14% year-over-year to $136 million in Q4 2024.
Adjusted EBITDA for Q4 2024 was $13 million, a significant increase from the prior year.
Forward Guidance
Marqeta provided guidance for the first quarter of 2025, expecting Net Revenue Growth between 14-16%, Gross Profit Growth between 11-13%, and Adjusted EBITDA Margin between 10-11%.
Positive Outlook
- Expected Net Revenue Growth of 14-16% for Q1 2025.
- Anticipated Gross Profit Growth of 11-13% for Q1 2025.
- Projected Adjusted EBITDA Margin of 10-11% for Q1 2025.
- Fiscal Year 2025 Net Revenue Growth expected to be 16-18%.
- Fiscal Year 2025 Gross Profit Growth expected to be 14-16%.
Challenges Ahead
- No specific negative forward guidance was provided in the report.
- No specific negative forward guidance was provided in the report.
- No specific negative forward guidance was provided in the report.
- No specific negative forward guidance was provided in the report.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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