Shares of Marqeta, Inc. (MQ) soared 10.04% in pre-market trading on Thursday following the release of the company's impressive third-quarter 2025 financial results. The fintech firm reported better-than-expected earnings and revenue growth, signaling a potential turnaround in its financial performance.
Marqeta posted a quarterly adjusted loss of $0.01 per share, beating the average analyst expectation of a $0.02 loss. This marks a significant improvement from the $0.06 loss per share reported in the same quarter last year. The company's revenue surged 27.6% year-over-year to $163.31 million, substantially surpassing the Wall Street consensus estimate of $148.89 million.
The strong quarterly performance has boosted investor confidence in Marqeta's growth trajectory. The company has shown consistent improvement over the past few quarters, with this being the third consecutive quarter of beating earnings estimates. Despite the reported quarterly loss of $3.62 million, the narrowing gap between actual and expected results suggests that Marqeta is moving closer to profitability. Wall Street's median 12-month price target for Marqeta stands at $5.96, approximately 24.8% above its last closing price, indicating potential for further upside. However, the current average analyst rating on the shares remains a "hold," with a mixed breakdown of recommendations among analysts.
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