Professional
Added to YB: 2025-03-27
Pitch date: 2025-03-26
MQ [neutral]
Marqeta, Inc.
-8.05%
current return
Author Info
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Company Info
Marqeta, Inc. operates a cloud-based open API platform for card issuing and transaction processing services.
Market Cap
$2.2B
Pitch Price
$4.35
Price Target
N/A
Dividend
N/A
EV/EBITDA
-1.1K
P/E
83.85
EV/Sales
2.22
Sector
Financial Services
Category
value
Pernas Research Passes On: Marqeta, Inc.
MQ pass: Early mover in card issuing API platform, but 46% revenue from Square poses risk. 2024 renewal exposed lack of pricing power, -26% YoY rev. Competitors reaching parity. Near breakeven CF, $1B cash buffer. Core business increasingly commoditized, squeezed at renewals.
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