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Marqeta (Marqeta) EBIT : $-283.0 Mil (TTM As of Dec. 2023)


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What is Marqeta EBIT?

Marqeta's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $-56.3 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-283.0 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Marqeta's annualized ROC % for the quarter that ended in Dec. 2023 was -83.06%. Marqeta's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -911.97%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Marqeta's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -18.60%.


Marqeta EBIT Historical Data

The historical data trend for Marqeta's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Marqeta EBIT Chart

Marqeta Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
-58.86 -47.09 -162.01 -209.81 -283.02

Marqeta Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -54.32 -87.43 -69.42 -69.83 -56.34

Competitive Comparison of Marqeta's EBIT

For the Software - Infrastructure subindustry, Marqeta's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Marqeta's EV-to-EBIT Distribution in the Software Industry

For the Software industry and Technology sector, Marqeta's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Marqeta's EV-to-EBIT falls into.



Marqeta EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-283.0 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Marqeta  (NAS:MQ) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Marqeta's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

ROC % (Q: Dec. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=-225.344 * ( 1 - 2.49% )/( (258.637 + 270.471)/ 2 )
=-219.7329344/264.554
=-83.06 %

where

Invested Capital(Q: Sep. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1603.249 - 234.264 - ( 1297.144 - max(0, 296.867 - 1407.215+1297.144))
=258.637

Invested Capital(Q: Dec. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1589.691 - 267.101 - ( 1249.696 - max(0, 336.579 - 1388.698+1249.696))
=270.471

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

2. Joel Greenblatt's definition of Return on Capital:

Marqeta's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-225.344/( ( (24.167 + max(-236.688, 0)) + (25.252 + max(-275.424, 0)) )/ 2 )
=-225.344/( ( 24.167 + 25.252 )/ 2 )
=-225.344/24.7095
=-911.97 %

where Working Capital is:

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(15.656 + 4.672 + 27.538) - (234.264 + 12.18 + 38.11)
=-236.688

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(19.54 + 4.309 + 25.506) - (267.101 + 11.829 + 45.849)
=-275.424

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Marqeta's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=-283.016/1521.258
=-18.60 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Marqeta EBIT Related Terms

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Marqeta (Marqeta) Business Description

Traded in Other Exchanges
Address
180 Grand Avenue, 6th Floor, Oakland, CA, USA, 94612
Headquartered in Oakland, California, and founded in 2010, Marqeta provides its clients with a card-issuing platform that offers the infrastructure and tools necessary to offer digital, physical, and tokenized payment options without the need for a traditional bank. The company's open APIs are designed to allow third parties like DoorDash, Klarna, and Block to rapidly develop and deploy innovative card-based products and payment services without the need to develop the underlying technology. The company generates revenue primarily through processing and ATM fees for cards issued on its platform.
Executives
Randall F. Kern officer: Chief Technology Officer C/O MARQETA, INC., 180 GRAND AVE., FLR 6, OAKLAND CA 94612
Godfrey Sullivan director SPLUNK INC., 250 BRANNAN STREET, SAN FRANCISCO CA 94107
Judson C Linville director 200 VESEY STREET, NEW YORK NY 10285
Martha Cummings director C/O MARQETA, INC., 180 GRAND AVE., FLR 6, OAKLAND CA 94612
Najuma Atkinson director C/O HASBRO, INC., 1011 NEWPORT AVE, PAWTUCKET RI 02861
Crystal Sumner officer: See Remarks 415 KEARNY STREET, SAN FRANCISCO CA 94108
Todd Pollak officer: Chief Revenue Officer 180 GRAND AVENUE, 6TH FLOOR, OAKLAND CA 94612
Simon Khalaf director, officer: Chief Executive Officer 180 GRAND AVENUE, 6TH FLOOR, OAKLAND CA 94612
Srikiran Prasad director 180 GRAND AVENUE, 6TH FLOOR, OAKLAND CA 94612
Seth R Weissman officer: See Remarks 3055 CLEARVIEW WAY, SAN MATEO CA 94402
Michael Milotich officer: Chief Financial Officer 180 GRAND AVENUE, 6TH FLOOR, OAKLAND CA 94612
83north Ii Limited Partnership 10 percent owner 10 ABBA EBAN BOULEVARD, BUILDING C, 9TH FLOOR, HERZLIYA PITUACH L3 46733
Iconiq Strategic Partners Iii, L.p. 10 percent owner 394 PACIFIC AVENUE, 2ND FLOOR, SAN FRANCISCO CA 94111
Vidya Peters officer: Chief Marketing Officer C/O MARQETA, INC., 180 GRAND AVE., FLR 6, OAKLAND CA 94612
Amy Chang director 2100 SEAPORT BLVD., C/O INFORMATICA CORPORATION, REDWOOD CITY CA 94063