MQ at a glance
Marqeta, Inc. (MQ, SEC CIK 1522540) filed its latest 10-K annual report on February 24, 2026, a 10-Q quarterly report on August 4, 2026, an 8-K current report on August 25, 2026 and Form 4 insider filings as recently as September 18, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), Marqeta, Inc. (MQ) reported revenue of $624.9 million (up 23.3% from FY2024) and a net loss of $13.9 million.
- As of June 30, 2026, 24 institutional investment managers tracked by SignalX reported holding Marqeta, Inc. (MQ) shares worth $436.9 million in 13F-HR filings.
- The most recent insider open-market sale reported on Form 4 was by Cummings Martha on September 16, 2026 of 713 shares at $16.01 per share.
- In the last 90 days, MQ insiders reported 0 open-market purchases ($0) and 5 open-market sales ($76K) on Form 4, a net sale of $76K.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $624.9M
- +23.3% vs prior year
- Insiders · 90 days
- 0 buys · 5 sells
- Net −$76K
- 13F holders
- 24 funds
- $436.9M · −10 vs prior quarter
- Latest 8-K
- Aug 25, 2026
- Item 5.02
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Business Overview
- Core business: cloud-based, API-driven card issuing and payment processing platform for debit, prepaid, and credit programs
- New product: Visa Flexible Credential certification adding hybrid card products toggling debit, credit, BNPL, rewards (May 2024)
- Strategic shift: European expansion through TransactPay acquisition enabling card program management and BIN sponsorship in UK, Gibraltar, EEA
- Quantitative metric: TPV $382.5B in 2025, 31% YoY growth; platform certified in 40+ countries globally
- Noteworthy fact: 2023 contract amendments with Block Inc. extend Cash App card services to 2028 with enhanced customer-defined program control
Risk Factors
- Regulatory risk: Securities Actions legal contingency expense of $4.3 million recognized in 2025 affecting operating expenses
- Macroeconomic threat: $330.5 million cash decrease in 2025 due to share repurchases, acquisitions, and capital expenditures impacting liquidity
- Supply chain vulnerability: Increasing Card Network and Issuing Bank fees by 21% to $187.6 million driven by 31% TPV growth
- Competitive risk: 45% of 2025 net revenue concentrated in top customer Block, exposure to customer concentration risk
- Financial risk: Operating loss from operations of $46.4 million in 2025 with net loss of $13.9 million, despite 18% adjusted EBITDA margin
Management Discussion & Analysis
- Revenue not disclosed, no YoY change specified
- Profitability or margin figures not provided
- Segment performance details not included
- Cash flow, buybacks, dividends, capex details absent
- Forward outlook, guidance, risks not mentioned
AI summary of the MQ 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Q2 revenue $175.995M, up 17% YoY from $150.392M
- Gross margin 69% vs 69%; net income $7.567M vs $0.647M loss
- Other services strongest growth, $12.313M, up 70%; platform services $163.682M, up 14%
- TPV $120.423B, up 32% YoY; Adjusted EBITDA margin 21% vs 19%
- Share repurchases reduced cash balances; macroeconomic uncertainty, lower spending, tariffs, and regulatory conditions remain headwinds
Risk Factors
- No risk-factors text provided; excerpt covers share repurchases and a June 30, 2026 one-for-four reverse stock split
- Remaining repurchase authorization reduced to $1.376 million after 3.211 million shares repurchased
- Reverse stock split applied retrospectively to presented share data, creating comparability risk for per-share information
AI summary of the MQ 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 5.02: Departure/Appointment of Directors or Principal Officers
- Eugenia Gibbons appointed Chief Product Officer effective August 31, 2026, leading Marqeta’s product organization
- Consumer-finance leadership background at Intuit, SoFi, BBVA, and Bank of America
Item 5.02: Departure/Appointment of Directors or Principal Officers
- Chief Accounting Officer Sarah Barkema resigns effective August 21, 2026
- Departure explicitly unrelated to financial statements, internal controls, operations, policies, or practices
Item 5.02: Departure/Appointment of Directors or Principal Officers
- Chief Accounting Officer Sarah Barkema resigns effective August 21, 2026
- Departure unrelated to financial reporting, internal controls, operations, policies or practices disagreements
AI summaries of MQ 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for MQ
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Cummings Martha | Sell | Sep 16, 2026 | 713 | $16.01 |
| Gibbons Eugenia | A | Sep 15, 2026 | 497,863 | - |
| Sumner Crystal | Sell | Sep 15, 2026 | 1,250 | $16.39 |
| Gibbons Eugenia | A | Sep 15, 2026 | 87,858 | - |
| Gardner Jason M. | C | Sep 14, 2026 | 270,000 | - |
| Gardner Jason M. | C | Sep 14, 2026 | 270,000 | - |
| Pollak Todd | M | Sep 1, 2026 | 14,453 | - |
| Pollak Todd | M | Sep 1, 2026 | 8,062 | - |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | $676.2M | $507.0M | $624.9M |
| Gross Profit | $329.5M | $351.8M | $437.3M |
| Operating Income | - | -$24.5M | -$46.4M |
| Net Income | -$223.0M | $27.3M | -$13.9M |
| Gross Margin | 48.7% | 69.4% | 70.0% |
| Op. Margin | - | -4.8% | -7.4% |
| Net Margin | -33.0% | 5.4% | -2.2% |
| Balance Sheet | |||
| Total Assets | - | $1.5B | $1.5B |
| Equity | - | $1.1B | $762.0M |
| ROE | - | 2.5% | -1.8% |
| Cash Flow | |||
| Operating CF | - | $58.2M | $162.6M |
| CapEx | $762K | $2.4M | $1.8M |
Source: XBRL data in Marqeta, Inc. (MQ)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate MQ share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 24 | $436.9M |
| Q1 2026 | 34 | $703.6M |
| Q4 2025 | 32 | $853.5M |
| Q3 2025 | 32 | $976.9M |
| Q2 2025 | 31 | $1.09B |
| Q1 2025 | 25 | $443.6M |
| Q4 2024 | 20 | $387.4M |
| Q3 2024 | 17 | $242.5M |
- Invesco Ltd+1.48M (+17%)
- Renaissance Technologies LLC+839.2K (+7%)
- Vanguard Portfolio Management LLC+653.7K (+4%)
- Wells Fargo & Co+197.7K (+147%)
- BlackRock+189.9K (+1%)
- Morgan Stanley−1.06M (-45%)
- Two Sigma Investments−901.4K (-62%)
- Bank of America Corp−778.2K (-29%)
- AQR Capital Management−45.0K (-5%)
- BNY Mellon−41.6K (-4%)
- T. Rowe Price Group−53.15M
- Dimensional Fund Advisors−8.78M
- Citadel Advisors LLC−3.76M
- JPMorgan Chase & Co−346.0K
- Millennium Management−133.3K
Source: 13F-HR filings on SEC EDGAR (aggregated from 215 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
MQ filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 4 | Sep 18, 2026 | - | - | - |
| 4 | Sep 16, 2026 | - | - | - |
| 4 | Sep 16, 2026 | - | - | - |
| 4 | Sep 16, 2026 | - | - | - |
| 4 | Sep 3, 2026 | - | - | - |
| 4 | Sep 3, 2026 | - | - | - |
| 4 | Sep 3, 2026 | - | - | - |
| 4 | Sep 2, 2026 | - | - | - |
| 8-K | Aug 25, 2026 | - | Analysis | - |
| 4 | Aug 21, 2026 | - | - | - |
| 4 | Aug 17, 2026 | - | - | - |
| 8-K | Aug 13, 2026 | - | Analysis | - |
| 8-K | Aug 13, 2026 | - | Analysis | - |
| 10-Q | Aug 4, 2026 | Jun 30, 2026 | Analysis | |
| 8-K | Aug 4, 2026 | - | Analysis | - |
| 4 | Jul 24, 2026 | - | - | - |
| 4 | Jul 16, 2026 | - | - | - |
| SC 13G | Jul 14, 2026 | - | - | |
| 4 | Jul 2, 2026 | - | - | - |
| 4 | Jul 2, 2026 | - | - | - |
| 8-K | Jul 1, 2026 | - | Analysis | - |
| 4 | Jun 16, 2026 | - | - | - |
| 4 | Jun 16, 2026 | - | - | - |
| 4 | Jun 16, 2026 | - | - | - |
| 4 | Jun 16, 2026 | - | - | - |
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MQ SEC filings: frequently asked questions
Are MQ insiders buying or selling?
In the last 90 days, Marqeta, Inc. (MQ) officers, directors and 10% owners reported no open-market purchases and 5 open-market sales worth $75,548 by 2 insiders on Form 4. Many insider sales are pre-planned or for taxes, so purchases usually carry more information.
Which institutions hold MQ stock?
As of June 30, 2026, the largest Marqeta, Inc. (MQ) holders among the 13F filers tracked by SignalX were BlackRock ($111.5 million), Vanguard Portfolio Management LLC ($71.4 million), Vanguard Capital Management LLC ($67.7 million), Renaissance Technologies LLC ($50.4 million), Invesco Ltd ($41.4 million). 13F-HR reports are filed up to 45 days after each quarter ends.
What was MQ's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), Marqeta, Inc. (MQ) reported revenue of $624.9 million (up 23.3% from FY2024) and a net loss of $13.9 million. The figures come from the XBRL data in the 10-K.
What are the main risks in MQ's latest 10-K?
In the 10-K filed February 24, 2026, Marqeta, Inc. (MQ) flagged: Regulatory risk: Securities Actions legal contingency expense of $4.3 million recognized in 2025 affecting operating expenses. Macroeconomic threat: $330.5 million cash decrease in 2025 due to share repurchases, acquisitions, and capital expenditures impacting liquidity. (AI summary of the Risk Factors section.)
What did MQ report in its latest 8-K?
Marqeta, Inc. (MQ) filed an 8-K on August 25, 2026 reporting Item 5.02 (Departure/Appointment of Directors or Principal Officers). Eugenia Gibbons appointed Chief Product Officer effective August 31, 2026, leading Marqeta’s product organization.
What are the latest MQ SEC filings?
Marqeta, Inc. (MQ) filed its latest 10-K annual report on February 24, 2026, a 10-Q quarterly report on August 4, 2026, an 8-K current report on August 25, 2026 and a Form 4 insider filing on September 18, 2026.
What is MQ's SEC CIK number?
Marqeta, Inc. (MQ)'s SEC Central Index Key (CIK) is 1522540. EDGAR lists every MQ filing under that number.
Ask anything about MQ
The research agent reads MQ's filings, financials, insider trades and 13F holders, then answers with sources.