What is the 13F Pro Quality Score for MQ?

13F Pro ranks Marqeta, Inc. (MQ) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View MQ's current score at https://13fpro.ai/company/MQ (free sign-up required for the full ranking).

Which hedge funds own the most MQ stock?

Based on the most recent Form 13F-HR filings on SEC EDGAR, the largest reported institutional holders of MQ include PRICE T ROWE ASSOCIATES /MD/, BlackRock,, Vitruvian Partners LLP. Holdings are reported quarterly within 45 days of quarter-end and updated on https://13fpro.ai/company/MQ as soon as new 13F filings post.

Where does 13F Pro source MQ data?

All Marqeta, Inc. fundamentals and ownership data come directly from SEC EDGAR. Marqeta, Inc. files with the SEC under CIK 1522540. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is MQ in?

Marqeta, Inc. (MQ) is classified in the Technology sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/technology.

What drives MQ's revenue?

Per Marqeta, Inc.'s latest 10-Q filed with the SEC on 2026-08-04, the biggest revenue drivers are: Platform services revenue, net ($163.7M, +14% YoY); Other services revenue ($12.3M, +70% YoY). Figures are extracted from the filing text and machine-verified against the document. Full breakdown at https://13fpro.ai/company/MQ.

What are MQ's largest expenses?

Marqeta, Inc.'s latest 10-Q reports these as the largest expense items: Compensation and benefits ($78.3M, -4% YoY); Technology ($18.4M, +14% YoY); Depreciation and amortization ($9.7M, +46% YoY). Sourced directly from SEC EDGAR filing text for Q2 FY2026 (quarter ended June 30, 2026).

How often is MQ research updated on 13F Pro?

MQ's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

Marqeta, Inc.(MQ)Stock Analysis

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SEC EDGAR: CIK 1522540 MQ stock profile & AI dashboard →

13F Pro Quality Score

54.9/100

Rank #1,293 of 2,962 stocksTOP 50%

View Technology peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Nov 14, 2026.

Revenue Growth

52.6/100

Profitability

53.9/100

Balance Sheet

40.1/100

Earnings Quality

94.2/100

Free Cash Flow

83.4/100

Institutional Flow

7.4/100

Revenue Scale

42.2/100

Dilution Risk

10.8/100

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Why MQ Scores 55/100

exact factor attribution · 2026-09-11

MQ's composite is driven by free cash flow and earnings quality, held back by institutional flow and shareholder dilution. Bars show each factor's exact push vs. a median company, using the same weights the ranking engine applies.

Free cash flow

+5.0 pts

83th pct

Earnings quality

+4.4 pts

94th pct

Earnings growth

+0.6 pts

62th pct

Profitability

+0.6 pts

54th pct

Revenue growth

+0.5 pts

53th pct

Capital efficiency

-1.0 pts

40th pct

Scale

-1.2 pts

42th pct

Shareholder dilution

-2.0 pts

11th pct

Institutional flow

-2.1 pts

7th pct

Latest change (2026-08-04): 40 → 51 · ↑ Revenue growth 20→66; ↑ Profit margin 34→59; despite ↓ Free cash flow 75→44

Factor percentiles are cross-sectional ranks across the ~2,800-stock scored universe, computed from SEC EDGAR filings. Not investment advice.

Unusual Activity in MQ

Events flagged as statistical outliers against MQ's own multi-year baseline — not fixed dollar thresholds.

Score shock2026-08-04
MQ quality score jumped 11 points (40→51) on a new filing
View source filing →

MQ Stock Analysis & AI Quality Score

Data updated 2026-09-11

AI stock analysis and institutional research for Marqeta, Inc. (MQ), a Technology sector company. 13F Pro's AI-powered ranking engine scores MQ at 54.9/100 on a 32-signal composite quality model, placing it at rank #1,293 of 2,962 stocks — the top half of the AI-ranked universe. MQ scores in the top quartile across earnings quality (94.2), free cash flow (83.4). Areas of concern include institutional flow (7.4), which score below median versus the broader universe. Shareholder dilution risk is elevated at 10.8/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q2 2026), Marqeta, Inc. reports quarterly revenue of $176.0M, net income of $7.6M, free cash flow of $63.0M. Top institutional holders of MQ by reported 13-F value include PRICE T ROWE ASSOCIATES, BlackRock, Vitruvian Partners LLP, based on the most recent SEC filings. MQ trades on the Nasdaq exchange and files with the SEC under CIK 1522540. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate MQ daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Marqeta, Inc. directly from SEC EDGAR. Marqeta, Inc.'s 13F Pro composite quality score has ranged between 35 and 57 since 2022, currently 54.9 — an improving long-term trajectory across 64 quarterly and live scoring snapshots.

✦

Fun facts about Marqeta, Inc.

Quirks, history, and lore behind MQ — the kind of stuff that makes a stock memorable.

1
The Basics
U.S. fintech company · mid-cap · listed on Nasdaq · headquartered in California.
2
The Numbers
Processes hundreds of billions of dollars in payment volume annually, yet remains a relatively small company by revenue — the infrastructure plays quietly in the background.
3
The History
Founded in 2010, it was built from the ground up to modernize card issuing — the plumbing that most legacy banks hadn't touched in decades.
4
The Secret
It doesn't issue cards to consumers itself — it sells a modern card-issuing platform to other businesses, letting fintechs and brands launch their own payment cards without building the tech stack themselves.
5
The Lore
Square (now Block) was one of its earliest and most famous customers, using its platform to power the Square Cash Card — a relationship that also made it heavily dependent on one client for years.
6
The Giveaway
Its name is a mashup of marquee and eta (the Greek letter), and its ticker MQ fits neatly on a debit card that some fintech you use probably runs on its rails.

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What's Driving MQ's Business? Latest 10-Q Breakdown

✓ 26/26 datapoints verified

AI-extracted from Marqeta, Inc.'s 10-Q filed 2026-08-04 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

Marqeta's Q2 2026 revenue grew 17% YoY to $176.0M as total processing volume surged 32%, though customer concentration risk remains high at 41% from largest customer.

Biggest Revenue Drivers

Platform services revenue, net$163.7M+14% YoY

Driven by 32% increase in total processing volume, partially offset by unfavorable shifts in card program mix toward processing-only offerings.

Other services revenue$12.3M+70% YoY

Primarily driven by higher card-related fulfillment including card replacements and increased customer card shipments.

Biggest Revenue Drivers

Total revenue: $176.0M+17% YoY

Platform services revenue, net$163.7M+14% YoY

Driven by 32% increase in total processing volume, partially offset by unfavorable shifts in card program mix toward processing-only offerings.

Other services revenue$12.3M+70% YoY

Primarily driven by higher card-related fulfillment including card replacements and increased customer card shipments.

Largest Expense Items

Compensation and benefits$78.3M-4% YoY

Decrease primarily driven by full vesting of higher grant-date fair value awards issued in prior years, partially offset by increased headcount.

Technology$18.4M+14% YoY

Increase driven by higher software licenses and hosting costs to support system and tool implementations amid business growth.

Depreciation and amortization$9.7M+46% YoY

Increase driven by higher amortization of internally developed software and amortization of customer relationships intangible asset from TransactPay.

Professional services$5.6M+33% YoY

Increase primarily driven by higher legal and professional fees.

Margins: Gross margin remained flat at 69% despite 17% revenue growth, as cost of revenue increased 17% in line with higher Card Network and Issuing Bank fees tied to processing volume growth and increased card fulfillment costs. Operating margin improved to 2% from negative 6% due to operating leverage, though this reflects $13.0M securities settlement liability accrual.

Watch Items from the Filing

Largest customer (Block) represents 41% of Q2 2026 revenue, down from 46% in Q2 2025; customer concentration remains significant concentration risk.
Settlement liability of $13.0M established for securities litigation with $9.5M insurance recovery expected, reflecting $5.0M self-insured retention exposure.
Sutton Bank settlement risk: 58% of total processing volume routed through single Issuing Bank; potential failure to settle could create material losses.
Accumulated deficit of $796.4M as of June 30, 2026; company achieved profitability only recently with Q2 2026 net income of $7.6M.

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-Q on SEC EDGAR →Share on X

Revenue

Q2 2026

$176.0M

Net Income

Q2 2026

$7.6M

Free Cash Flow

Q2 2026

$63.0M

ROIC

Q2 2026

2.0%

Period

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro

Revenue

+23.3% YoY

$624.9MFY 2025

FY22 $748.2MFY23 $676.2MFY24 $507.0MFY25 $624.9M

Net Income

-151.0% YoY

$-13.9MFY 2025

FY22 $-184.8MFY23 $-223.0MFY24 $27.3MFY25 $-13.9M

Operating Income

-89.8% YoY

$-46.4MFY 2025

FY22 $-209.8MFY23 $-283.0MFY24 $-24.5MFY25 $-46.4M

Total Assets

+4.2% YoY

$1.53BFY 2025

FY22 $1.77BFY23 $1.59BFY24 $1.46BFY25 $1.53B

Op. Cash Flow

+179.6% YoY

$162.6MFY 2025

FY22 $-13.0MFY23 $21.1MFY24 $58.2MFY25 $162.6M

Free Cash Flow

+188.4% YoY

$160.8MFY 2025

FY22 $-15.3MFY23 $20.3MFY24 $55.8MFY25 $160.8M

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$624.9M +23.3%	$507.0M -25.0%	$676.2M -9.6%	$748.2M +44.7%	$517.2M +78.2%	$290.3M
Net Income	$-13.9M -151.0%	$27.3M +112.2%	$-223.0M -20.7%	$-184.8M -12.7%	$-163.9M -243.7%	$-47.7M
Operating Income	$-46.4M -89.8%	$-24.5M +91.4%	$-283.0M -34.9%	$-209.8M -29.5%	$-162.0M -244.1%	$-47.1M
Total Assets	$1.53B +4.2%	$1.46B -8.0%	$1.59B -10.2%	$1.77B -3.3%	$1.83B +299.9%	$457.7M
Operating Cash Flow	$162.6M +179.6%	$58.2M +175.6%	$21.1M +262.8%	$-13.0M -122.8%	$57.0M +13.3%	$50.3M
Free Cash Flow	$160.8M +188.4%	$55.8M +174.1%	$20.3M +233.1%	$-15.3M -128.2%	$54.2M +13.2%	$47.9M

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Available Research

13F Pro tracks comprehensive data for Marqeta, Inc. including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of MQ

PRICE T ROWE ASSOCIATES INC /MD/
$184.7M45,481,645 sh
BlackRock, Inc.
$111.5M27,455,536 sh
Vitruvian Partners LLP
$111.3M6,853,183 sh
T. Rowe Price Investment Management, Inc.
$103.2M25,410,871 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$71.4M17,583,801 sh
VANGUARD CAPITAL MANAGEMENT LLC
$67.7M16,673,507 sh
WELLINGTON MANAGEMENT GROUP LLP
$56.4M13,887,312 sh
RENAISSANCE TECHNOLOGIES LLC
$50.4M12,419,532 sh
Capital World Investors
$45.2M11,124,016 sh
Invesco Ltd.
$41.4M10,191,992 sh

Fund	Value	Shares
PRICE T ROWE ASSOCIATES INC /MD/	$184.7M	45,481,645
BlackRock, Inc.	$111.5M	27,455,536
Vitruvian Partners LLP	$111.3M	6,853,183
T. Rowe Price Investment Management, Inc.	$103.2M	25,410,871
VANGUARD PORTFOLIO MANAGEMENT LLC	$71.4M	17,583,801
VANGUARD CAPITAL MANAGEMENT LLC	$67.7M	16,673,507
WELLINGTON MANAGEMENT GROUP LLP	$56.4M	13,887,312
RENAISSANCE TECHNOLOGIES LLC	$50.4M	12,419,532
Capital World Investors	$45.2M	11,124,016
Invesco Ltd.	$41.4M	10,191,992

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Is MQ a good stock to buy?

13F Pro's AI-powered analysis of Marqeta, Inc. (MQ) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Technology sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for MQ are available on the MQ stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing. MQ is classified as a small company.

Which hedge funds own MQ?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling MQ. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Marqeta, Inc.'s investment landscape.