Marqeta, Inc. Financial Ratios — MQ Stock

Profitability (USD)

	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	- -	- -	- -	-12.13	-16.42	2.34	-1.51
Return on Assets (%)	- -	-14.01	-14.33	-10.26	-13.27	1.79	-0.93
Return on Capital (%)	- -	- -	- -	- -	- -	2.31	- -
Return on Invested Capital (%)	- -	- -	- -	- -	- -	-2.01	- -
Gross Margin (%)	42.2	40.62	44.8	42.77	48.73	69.4	69.98
EBITDA Margin (%)	-38.94	-15.02	-30.64	-27.53	-40.27	-1.38	-3.08
Operating Margin (%)	-41.09	-16.22	-31.33	-28.04	-41.86	-4.83	-7.43
Incremental Operating Margin (%)	- -	8.01	- -	- -	101.63	- -	- -
Pretax Margin (%)	-40.6	-16.4	-31.82	-24.71	-34.1	5.54	-2.13
Profit Margin (%)	-40.62	-16.43	-31.7	-24.7	-32.97	5.38	-2.23
Net Income to Common Margin (%)	-85.4	-16.43	-31.7	-24.7	-32.97	5.38	-2.23
Effective Tax Rate (%)	- -	- -	- -	- -	- -	2.82	- -
Dvd Payout Ratio (%)	52.43	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	- -	- -	-12.13	-16.42	2.34	-1.51

Credit (USD)

Credit Ratios API ChatGPT

	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	20	18	15	12	17	13	16
ST Debt	2	3	3	3	12	12	11
LT Debt	18	15	12	9	5	1	6
Total Debt/EBITDA	-0.35	-0.42	-0.1	-0.06	-0.06	-1.89	-0.84
Net Debt/EBITDA	1.08	5.06	7.87	5.75	3.57	130.64	36.42
Total Debt/EBIT	-0.34	-0.39	-0.1	-0.06	-0.06	-0.54	-0.35
Net Debt/EBIT	1.03	4.68	7.7	5.64	3.44	37.41	15.11
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	-88.9	-46.7	85.96	83.2	78.22	74.15	49.96
Long-Term Debt/Equity (%)	12.86	5.36	0.79	0.61	0.41	0.08	0.73
Long-Term Debt/Capital (%)	11.25	5.04	0.78	0.61	0.41	0.08	0.71
Long-Term Debt/Total Assets (%)	7.92	3.38	0.68	0.51	0.32	0.06	0.36
Total Debt/Equity (%)	14.37	6.32	0.98	0.84	1.36	1.22	2.14
Total Debt/Capital (%)	12.56	5.95	0.97	0.84	1.34	1.2	2.09
Total Debt/Total Assets (%)	8.84	3.98	0.84	0.7	1.06	0.9	1.07
Net Debt to Equity	-43.94	-76.5	-79.29	-80.37	-78.26	-84.36	-92.09
Net Debt/Capital (%)	-62.38	-256.46	-365.55	-392.6	-348.34	-522.37	-1,020.06
EBITDA	-56	-44	-158	-206	-272	-7	-19
EBITDA-CapEx	-61	-46	-161	-210	-273	-9	-21
Operating Income (Loss)	-59	-47	-162	-210	-283	-24	-46

Liquidity (USD)

Liquidity Ratios API ChatGPT

	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	2.42	2.62	7.19	5.74	3.71	2.97	1.03
Current Ratio	3.07	3.05	7.56	6.17	4.13	3.37	1.65
Quick Ratio	2.83	2.92	7.43	6.03	4.04	3.29	1.2
CFO/Avg Current Liab	- -	0.49	0.3	-0.05	0.07	0.16	0.29
Common Equity/Total Assets	-88.9	-46.7	85.96	83.2	78.22	74.15	49.96
Long-Term Debt/Equity (%)	12.86	5.36	0.79	0.61	0.41	0.08	0.73
Long-Term Debt/Capital (%)	11.25	5.04	0.78	0.61	0.41	0.08	0.71
Long-Term Debt/Total Assets (%)	7.92	3.38	0.68	0.51	0.32	0.06	0.36
Total Debt/Equity (%)	14.37	6.32	0.98	0.84	1.36	1.22	2.14
Total Debt/Capital (%)	12.56	5.95	0.97	0.84	1.34	1.2	2.09
Total Debt/Total Assets (%)	8.84	3.98	0.84	0.7	1.06	0.9	1.07
CFO/Total Liabilities	-17.97	29.66	22.17	-4.36	6.09	15.38	21.31
CFO/CapEx	-3.14	21.17	20.77	-3.31	27.7	24.06	88.62
Altman's Z-Score	- -	- -	21.47	6.88	5.68	3.21	1.62

Working Capital (USD)

Working Capital Ratios API ChatGPT

	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	- -	46.84	47.87	52.04	38.52	20.47	17.5
Days Sales Outstanding	- -	7.79	7.62	7.01	9.48	17.83	20.86
Inventory Turnover	- -	- -	120.94	94.21	73.3	38.86	66.71
Days Inventory Outstanding	- -	- -	3.02	3.87	4.98	9.39	5.47
Accounts Payable Turnover	- -	- -	2.82	3.18	2.15	0.84	0.88
Accounts Payable Turnover Days	- -	- -	129.26	114.69	169.43	435.83	412.65
Cash Conversion Cycle	- -	- -	-118.62	-103.8	-154.98	-408.61	-386.32
Inventory to Cash Days	- -	- -	4.61	3.14	4.5	8.44	15.38
Inventories	- -	1	4	5	4	4	2
Raw Materials	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	1	4	5	4	4	2

Enterprise Value (USD)

Enterprise Value API ChatGPT

	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	- -	- -	8,898	3,141	3,336	1,845	2,142
- Cash & Cash Equivalents	60	220	1,248	1,184	981	923	709
+ Preferred Equity and Hybrid Capital	336	502	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	20	18	15	12	17	13	16
Enterprise Value	- -	- -	7,201	1,529	2,104	756	1,386
Total Capital	157	306	1,589	1,485	1,260	1,098	778
Total Debt/Capital (%)	12.56	5.95	0.97	0.84	1.34	1.2	2.09
Total Debt / EV	- -	- -	- -	0.01	0.01	0.02	0.01
EV/Sales	- -	- -	13.92	2.04	3.11	1.49	2.22
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	13	- -
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	13.56	- -
Diluted Market Cap	- -	- -	5,962	3,164	3,415	1,899	2,290
Diluted Enterprise Value	- -	- -	4,265	1,552	2,182	809	1,535
EV per Share	- -	- -	53.21	11.29	16.17	6	12.83
TTM Sales	143	290	517	748	676	507	625
TTM EBITDA	-56	-44	-158	-206	-272	-7	-19
TTM Operating Income	-59	-47	-162	-210	-283	-24	-46
TTM Cash Flow to Firm	- -	- -	- -	- -	- -	58	- -
TTM Free Cash Flow to Firm	- -	- -	- -	- -	- -	56	- -

Multiples (USD)

Valuation Multiples API ChatGPT

	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	- -	- -	109.94	-187.4	167.86	34.06	14.24
EV/EBIT	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	- -	- -	7,201	1,529	2,104	756	1,386
Low Price	- -	- -	65.74	23.21	15.74	13.73	14.03
EV/Sales	- -	- -	13.92	2.04	3.11	1.49	2.22
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -
Price/Earnings	- -	- -	- -	- -	- -	68.54	- -
Price/Earnings Average	- -	- -	- -	- -	- -	94.7	- -
Price/Earnings High	- -	- -	- -	- -	- -	121.6	- -
Price/Earnings Low	- -	- -	- -	- -	- -	64.3	- -
Price/Book Value	- -	- -	5.66	2.13	2.68	1.7	2.81
Price/Book Value Average	- -	- -	5.85	3.76	2.31	2.35	2.69
Price/Book Value High	- -	- -	6.04	6.27	2.93	3.02	3.88
Price/Book Value Low	- -	- -	5.66	2.13	1.65	1.6	1.99
Price/Tangible Book Value	- -	- -	5.66	2.13	3.08	1.98	3.85
Price/Tangible Book Value Average	- -	- -	5.85	3.76	2.65	2.74	3.69
Price/Tangible Book Value High	- -	- -	6.04	6.27	3.36	3.51	5.32
Price/Tangible Book Value Low	- -	- -	5.66	2.13	1.89	1.86	2.73
Price/Sales	- -	- -	11.53	4.23	5.05	3.69	3.66
Price/Sales Average	- -	- -	11.92	7.46	4.35	5.1	3.51
Price/Sales High	- -	- -	12.31	12.44	5.52	6.54	5.06
Price/Sales Low	- -	- -	11.53	4.23	3.1	3.46	2.59
Price/Cash Flow	- -	- -	104.65	-244.04	161.79	32.15	14.08
Price/Cash Flow Average	- -	- -	108.18	-430.58	139.32	44.42	13.48
Price/Cash Flow High	- -	- -	111.72	-717.92	176.89	57.04	19.44
Price/Cash Flow Low	- -	- -	104.65	-244.04	99.33	30.16	9.97
Price/Free Cash Flow Average	- -	- -	113.65	-330.64	144.54	47.05	13.63
Price/Free Cash Flow High	- -	- -	117.37	-551.29	183.51	60.42	19.67
Price/Free Cash Flow Low	- -	- -	109.94	-187.4	103.05	31.95	10.08
EV/Sales Average	- -	- -	14.51	5.25	2.43	2.88	2.07
EV/Sales High	- -	- -	15.09	10.19	3.57	4.31	3.52
EV/Sales Low	- -	- -	13.92	2.04	1.21	1.27	1.22
EV/EBITDA Average	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA High	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA Low	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Average	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	- -	- -	- -	- -	- -	- -
Last Price	- -	- -	65.74	23.21	25.65	14.64	19.82
High Price	- -	- -	70.18	68.27	28.04	25.97	27.37
Enterprise Value Average	- -	- -	7,502	3,929	1,640	1,461	1,294
Enterprise Value High	- -	- -	7,802	7,627	2,415	2,185	2,202
Enterprise Value Low	- -	- -	7,201	1,529	815	642	760

Per Share Data Items (USD)

Per-Share Data API ChatGPT

	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Shares Outstanding	133	133	135	135	130	126	108
Diluted Weighted Avg Shares	121	121	91	136	133	130	116
Basic Weighted Avg Shares	121	121	91	136	133	128	116
Revenue per Share	1.19	2.4	5.7	5.49	5.08	3.97	5.41
EBITDA per Share	-0.46	-0.36	-1.75	-1.51	-2.05	-0.05	-0.17
Operating Income per Share	-0.49	-0.39	-1.79	-1.54	-2.13	-0.19	-0.4
Basic EPS, GAAP	-1.01	-0.39	-1.81	-1.36	-1.67	0.21	-0.12
Basic EPS from Cont Ops	-0.48	-0.39	-1.81	-1.36	-1.67	0.21	-0.12
Diluted EPS, GAAP	-1.01	-0.39	-1.81	-1.36	-1.67	0.21	-0.12
Diluted EPS from Cont Ops	-0.48	-0.39	-1.81	-1.36	-1.67	0.21	-0.12
Dividend per Share	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	-0.13	0.42	0.63	-0.1	0.16	0.46	1.41
Free Cash Flow per Basic Share	-0.17	0.4	0.6	-0.12	0.15	0.44	1.39
Cash & Equivalents per Share	1.17	2.79	12.65	12	9.61	8.74	7.14
Book Value per Share	-1.5	-1.61	11.63	10.88	9.56	8.61	7.05
Tangible Book Value per Share	-1.5	-1.61	11.63	10.88	8.33	7.39	5.14