10-Q quarterly report · filed Nov 5, 2025

Marqeta, Inc. (MQ) Q3 2025 10-Q Quarterly Report

Short answer

Marqeta, Inc. (MQ) filed its Q3 2025 10-Q quarterly report on Nov 5, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $163M (up 27.6% year over year) with net income of −$4M.

Q3 2025 key financials · XBRL

Revenue
$163M
+27.6% YoY · +8.6% QoQ
Net income
−$4M
+87.3% YoY · −460.1% QoQ
Operating margin
-6.4%
Gross margin
70.1%

Source: XBRL data from the Marqeta, Inc. (MQ) Q3 2025 10-Q on SEC EDGAR. USD.

Marqeta, Inc. Q3 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Risk Factors

  • No new risk factors added this quarter, consistent with prior disclosures in the 10-K
  • Updated operational risk: ongoing global supply chain disruptions impacting merchant onboarding timelines and client retention rates
  • Increased regulatory risk: enhanced scrutiny on payment processing compliance following new federal data privacy rules effective 2025
  • Market risk: heightened competition from emerging fintech entrants targeting Marqeta’s core issuing platform segments
  • Financial risk: $350M convertible notes maturing in 2026 create refinancing and liquidity considerations

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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