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Operating Expense Breakdown
Shows how Marqeta spends on R&D, sales & marketing, and general & administrative costs, revealing whether the company is investing in product and growth or tightening operations. High sales and marketing outlays can indicate aggressive customer acquisition; growing R&D points to product development that could sustain long‑term advantage; declining opex as a share of revenue signals improving margins and operating leverage. Watch for large one‑time items and stock‑based compensation that can skew reported expenses versus cash burn.Marqeta has meaningfully cut compensation since 2023 while ramping technology spend and depreciation/amortization—a deliberate shift from headcount to capitalized platform investment supporting product and international expansion. Marketing and “Other” are lumpy with consistent Q4 spikes; occupancy and other large mid‑period jumps look one‑off. Management confirmed Q1 expense discipline but plans higher Q2 adjusted‑op‑ex growth, so expect further tech/D&A reinvestment even as payroll remains constrained—improving margins but exposing timing risk around product rollouts.
Date | Marketing | Occupancy | Depreciation and Amortization | Other | Compensation | Technology | Professional Services |
|---|---|---|---|---|---|---|---|
Jun 30, 2026 | $1.23M | $540.00K | $9.70M | $4.49M | $78.26M | $18.39M | $5.62M |
Mar 31, 2026 | $1.16M | $1.18M | $8.85M | $3.57M | $78.02M | $18.09M | $4.63M |
Dec 31, 2025 | $3.00M | $948.00K | $8.16M | $4.48M | $88.09M | $17.15M | $6.45M |
Sep 30, 2025 | $895.00K | $1.06M | $7.02M | $8.62M | $84.87M | $16.94M | $5.52M |
Jun 30, 2025 | $711.00K | $843.00K | $6.65M | $3.35M | $81.41M | $16.10M | $4.22M |
Mar 31, 2025 | $469.00K | $917.00K | $5.33M | $3.94M | $86.05M | $14.81M | $5.70M |
Dec 31, 2024 | $1.30M | $2.52M | $5.52M | $5.34M | $98.47M | $15.86M | $6.62M |
Sep 30, 2024 | $582.00K | $1.18M | $4.45M | $4.12M | $100.96M | $16.32M | $4.76M |
Jun 30, 2024 | $728.00K | $1.20M | $3.96M | $3.42M | $103.17M | $14.77M | $4.81M |
Mar 31, 2024 | $378.00K | $1.09M | $3.54M | $3.90M | $108.11M | $13.12M | $3.87M |