Financial Performance - Total Processing Volume (TPV) for Q4 2024 was 80billion,a29136 million, reflecting a 14% increase year-over-year, while Gross Profit was 98million,up18291 billion, a 31% increase from 2023, but Net Revenue decreased by 25% to 507millionduetochangesinrevenuepresentation[3][9]−GrossProfitforthefullyear2024was352 million, representing a 7% year-over-year increase, with a Gross Margin of 69%[3][9] - The company reported a GAAP Net Income of 27millionforthefullyear2024,asignificantimprovementfromalossof222.96 million in 2023[3][9] - Adjusted EBITDA for Q4 2024 was 13million,a285135.79 million, a 14.3% increase from 118.82millioninQ42023[24]−GrossprofitfortheyearendedDecember31,2024,was351.85 million, compared to 329.51millionin2023,reflectinga6.8135.79 million, a 14% increase compared to 118.82millioninQ42023[31]−GrossprofitforQ42024reached98.20 million, reflecting an 18% increase from 83.23millioninQ42023[31]−AdjustedEBITDAforQ42024was12.66 million, a significant increase of 285% compared to 3.29millioninQ42023[31]ExpensesandLosses−OperatingexpensesforQ42024totaled135.63 million, down from 139.57millioninQ42023,adecreaseof2.127.12 million, an improvement from a net loss of 40.38millioninQ42023[24]−TotaloperatingexpensesforQ42024were135.63 million, a decrease of 3% from 139.57millioninQ42023[31]−NetlossforQ42024was27.12 million, an improvement of 33% compared to a net loss of 40.38millioninQ42023[31]CashandAssets−CashandcashequivalentsattheendofQ42024were923.02 million, down from 980.97millionattheendofQ42023[27]−Totalassetsdecreasedto1.46 billion in Q4 2024 from 1.59billioninQ42023,adeclineof7.958.17 million for the year ended December 31, 2024, compared to 21.10millionin2023[29]−Totalstockholders′equitydecreasedto1.09 billion in Q4 2024 from 1.24billioninQ42023,adeclineof12.8923.02 million, a decrease of 6% from 980.97millionattheendofQ42023[31]−Stockholders′equitydecreasedto1,085.02 million in Q4 2024, down 13% from 1,243.40millioninQ42023[31]StrategicInitiatives−Marqetaannouncedanadditionalsharerepurchaseprogramforupto300 million of its Class A common stock[5] - The company plans to acquire TransactPay to enhance its card issuance capabilities in the UK and EEA, expected to close within 6 months[11][12] - Marqeta's guidance for Q1 2025 includes Net Revenue growth of 14-16% and Gross Profit growth of 11-13%[13] - The company signed new programs in Q4, including its first consumer credit co-brand partnership and several European deals, indicating strong business momentum[5] Liabilities - Total liabilities increased to 378.19millioninQ42024,a9346.30 million in Q4 2023[31]
Marqeta(MQ)2025-02-26 21:07