Quarterly ResultAug 4, 2026, 05:13 PM
Marqeta Q2 Net Income $7.57M, Revenue $176.0M; Reverse Split
AI Summary
Marqeta reported a net income of $7.57 million on net revenue of $176.0 million for Q2 2026, marking a significant improvement from a net loss in the prior year. The company also completed a one-for-four reverse stock split effective June 30, 2026, and settled a securities class action lawsuit for $13.0 million, largely covered by insurance.
Key Highlights
- Net revenue for Q2 2026 increased 17.0% to $176.0 million from $150.4 million year-over-year.
- Net income for Q2 2026 was $7.57 million, compared to a net loss of $0.65 million year-over-year.
- Basic EPS for Q2 2026 was $0.07, up from a basic loss per share of $0.01 year-over-year.
- Effected a one-for-four reverse stock split of Class A and Class B common stock on June 30, 2026.
- Settled securities class action lawsuits for $13.0 million, with $9.5 million covered by insurance.
- Repurchased $93.88 million of common stock during the six months ended June 30, 2026.
- Cash and cash equivalents stood at $691.4 million as of June 30, 2026.
Price Impact
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