Marqeta, Inc. (MQ) intrinsic value & 10-year financials
Marqeta, Inc. (MQ) has a Graham intrinsic value of $1.75 per share. At $18.69 on Oct 17, 2026, the stock trades 968% above that value. Over the last 8 fiscal years revenue grew 27.8% a year to $624.9M, with an average return on invested capital of 34.0%.
- Graham intrinsic value
- $1.75
- Share price (Oct 17, 2026)
- $18.69
- Price vs Graham value
- 968% above
- Market cap
- $8.6B
- Revenue (FY2025)
- $624.9M
- Revenue growth (8-yr CAGR)
- 27.8%
- ROIC (10-yr avg)
- 34.0%
- Free cash flow (FY2025)
- $160.8M
MQ 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $624.9M | -$13.9M | — | $160.8M | -7.4% | -42.0% |
| FY2024 | $507.0M | $27.3M | — | $55.8M | -4.8% | -11.0% |
| FY2023 | $676.2M | -$223.0M | — | $20.3M | -41.9% | -96.8% |
| FY2022 | $748.2M | -$184.8M | — | -$15.3M | -28.0% | -65.9% |
| FY2021 | $517.2M | -$163.9M | — | $54.2M | -31.3% | 401.3% |
| FY2020 | $290.3M | -$47.7M | — | $47.9M | -16.2% | 11.2% |
| FY2019 | $143.3M | -$58.2M | — | -$20.3M | -41.1% | 41.6% |
| FY2018 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Marqeta, Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Marqeta, Inc. has historically struggled to out-earn its cost of capital, averaging just -22.7% ROIC.
Marqeta, Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Marqeta, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $1.75 per share.