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Income Statement (USD)
Q2 '24 | QoQ | |
---|---|---|
Revenue | 125M | 6.2% |
Gross Profit | 79M | 5.7% |
Cost of Revenue | 46M | 35.8% |
Operating expense | -26M | 119.2% |
Net Income | 119M | 430.3% |
EBITDA | 107M | 330% |
Balance Sheet (USD)
Q2 '24 | QoQ | |
---|---|---|
Total Assets | 1.49B | 4.5% |
Total Liabilities | 346M | 0.5% |
Total Equity | 1.14B | 5.6% |
Shares Outstanding | 516M | 0.4% |
Cash Flow (USD)
Q2 '24 | QoQ | |
---|---|---|
Cash from operations | 26M | 5934.7% |
Cash from investing | -6.2M | 118.4% |
Cash from financing | -65M | 46.3% |
EPS
Financial Highlights for Marqeta in Q2 '24
Marqeta reported a revenue of 125M, which is a 6.2% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 79M, marking a -5.7% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 46M, a 35.8% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were -26M, showing a -119.2% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 119M, showing a 430.3% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 107M, showing a 330% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
Marqeta faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. An increase in the cost of revenue, higher than the revenue growth, suggests potential margin pressures.