Marqeta Inc. - 2025年季度报告

Marqeta, Inc. Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities ExchangeAct of 1934 (the “Exchange Act”) during the preceding 12 months (or for such shorter period that the registrant was required to file suchreports), and (2) has been subject to such filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant toRule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant wasrequired to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reportingcompany,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. As of April30, 2025, there were434,975,915shares of the registrant's Class A common stock, par value $0.0001 per share, outstanding and33,293,141shares of the registrant's Class B common stock, par value $0.0001 per share, outstanding. TABLE OF CONTENTS Note About Forward-Looking Statements Part I - Financial Information Item 1.Condensed Consolidated Financial Statements:Condensed Consolidated Balance SheetsCondensed Consolidated Statements of Operations and ComprehensiveLoss Part II - Other Information Item 1.Legal ProceedingsItem 1A.Risk FactorsItem 2.Unregistered Sales of Equity Securities and Use of ProceedsItem 3.Defaults Upon Senior SecuritiesItem 4.Mine Safety DisclosuresItem 5.Other InformationItem 6.ExhibitsSignatures Note About Forward-Looking Statements This Quarterly Report on Form 10-Q contains forward-looking statements within the meaning of the federalsecurities laws, which are statements that involve substantial risks and uncertainties. Forward-looking statementsgenerally relate to future events or our future financial or operating performance. In some cases, you can identifyforward-lookingstatements because they contain words such as“may,”“will,”“shall,”“should,” •uncertainties related to U.S. and global economies and the effect on our business, results of operations,and financial condition;•our future financial performance and any fluctuations in such performance, including our net revenue,costs of revenue, gross profit, and operating expenses, and our ability to achieve future profitability;•our ability to scale new products and services, such as our credit card platform;•our ability to effectively manage or sustain our growth and expand our operations;•our ability to enhance our platform and services and develop and expand our capabilities;•our ability to further attract, retain, diversify, and expand our customer base;•our ability to maintain our relationships with Issuing Banks, Card Networks, and the other third partieswith which we work;•our strategies, plans, objectives, and goals;•our plans to expand internationally;•past and future acquisitions, investments, and other strategic investments;•our ability to compete in existing and new markets and offerings;•our estimated market opportunity;•economic and industry trends, projected growth, or trend analysis; We caution you that the foregoing list may not contain all of the forward-looking statements made in thisQuarterly Report on Form 10-Q. You should not rely upon forward-looking statements as predictions of futureevents. We have based the forward-looking statements contained in this Quarterly Report on Form 10-Qprimarily on our current expectations and projections about future events and trends that we believe may affectour business, results of operations, financial condition, and prospects. The outcome of the events described inthese forward-looking statements is subject to risks, uncertainties, and other factors described or incorporatedby reference in the section titled “Risk Factors” and elsewhere in this Quarterly Report on Form 10-Q and inour most recently filed Annual Report on Form 10-K for the fiscal year ended December 31, 2024 (the “2024Annual Report”). Moreover, we operate in a very competitive and rapidly changing environment. New risks anduncertainties emerge from time to time, and it is not possible for us to predict all risks and uncertainties that Marqeta, Inc.Condensed Consolidated Balance Sheets Marqeta, Inc.Condensed Consolidated Statements of Operations and Comprehensive Loss Marqeta, Inc.Condensed Consolidated Statements of Cash Flows Marqeta, Inc.Condensed Consolidated Statements of Cash Flows Marqeta, Inc.Notes to Condensed Consolidated Financial Statements 1.Business Overview and Basis of Presentation Marqeta, Inc. (“the Company”) was incorporated in the state of Delaware in 2010 and creates digital paymenttechnology for innovation leaders. The Company's modern