Latest news with #MQ
Yahoo
11-06-2025
- Business
- Yahoo
MQ Q1 Earnings Call: Product Migrations and Platform Expansion Offset Guidance Shortfall
Leading edge card issuer Marqeta (NASDAQ: MQ) reported Q1 CY2025 results beating Wall Street's revenue expectations , with sales up 17.9% year on year to $139.1 million. On the other hand, next quarter's revenue guidance of $140.3 million was less impressive, coming in 3.8% below analysts' estimates. Its non-GAAP loss of $0 per share was 93.1% above analysts' consensus estimates. Is now the time to buy MQ? Find out in our full research report (it's free). Revenue: $139.1 million vs analyst estimates of $135.8 million (17.9% year-on-year growth, 2.4% beat) Adjusted Operating Income: $14.75 million vs analyst estimates of -$29.34 million (10.6% margin, significant beat) Revenue Guidance for Q2 CY2025 is $140.3 million at the midpoint, below analyst estimates of $145.8 million Operating Margin: -13.3%, up from -42.3% in the same quarter last year Market Capitalization: $2.57 billion Marqeta's first quarter performance was shaped by ongoing momentum in customer migrations and platform breadth, as management highlighted. Interim CEO and CFO Mike Milotich pointed to accelerated migrations, including Klarna and Perpay, as evidence of the company's ability to win established programs seeking modern processing capabilities. The quarter also reflected progress in expanding non-block (non-Square/Block) customer volumes, with TPV (Total Processing Volume) for non-block clients growing at more than twice the company average. Milotich credited successful launches in Europe, such as with Bitpanda, and the deepening of capabilities—like the UX Toolkit—for supporting this growth. He noted, 'Perpay had already found product market fit and a significant client base. However, they were looking to switch from their processing provider to one that had more sophisticated, scalable, and responsive capabilities.' Looking ahead, Marqeta's guidance incorporates both the impact of a renegotiated platform partner agreement and continued investment in innovation and product launches. Milotich stated that while the revised agreement lowers reported revenue, it does not impact gross profit, keeping the company's underlying business trajectory intact. He emphasized ongoing expansion in Europe, the planned integration of TransactPay, and the ramp of new credit and debit programs as key growth drivers for the year. Addressing potential macroeconomic risks, Milotich cautioned, 'We are assuming consistent macroeconomic conditions for the remainder of the year, but noting the risk.' Management reiterated that gross profit projections remain steady despite uncertainties and that adjusted EBITDA margin guidance has been raised due to ongoing expense discipline and operational efficiencies. Management linked the quarter's revenue growth and margin improvements to new program wins and the company's ability to execute complex card migration projects. The renegotiation of a platform partner agreement also affected reported revenue but improved profitability. Customer migration capability: Marqeta completed notable migrations, including Klarna and Perpay, demonstrating the platform's ability to onboard existing credit and debit programs from other providers. These projects were highlighted as critical to attracting more established brands seeking advanced issuer processing. European expansion and acquisitions: The company continued to see strong TPV growth in Europe, with the Bitpanda program launching across 26 countries in 10 currencies. Management expects the pending acquisition of TransactPay to enhance its European program management offerings, facilitating seamless cross-border solutions for clients. Product innovation focus: Marqeta introduced its UX Toolkit, a set of pre-built user interface components optimized for regulatory compliance, to accelerate customer onboarding and product launches. The company also announced plans for a white-label app to further reduce time-to-market for new card programs. Diversification away from block: Non-block customer volumes and gross profit grew much faster than block-related business, driven by neobanking, lending, and expense management use cases. Management noted that TPV growth among customers outside the top five outpaced the company average, indicating broader adoption. Expense discipline and operational scale: Adjusted operating expenses grew only modestly, reflecting continued hiring discipline and geographic talent sourcing. Margin expansion was attributed to operating leverage and a favorable mix shift toward higher-margin products and customers. Marqeta expects growth to be driven by expanded platform capabilities, new customer migrations, and continued European momentum, while monitoring macroeconomic risks and customer spending trends. Platform expansion and migrations: Management believes that expertise in migrating established card programs will position the company to capture more business from traditional issuers and large brands. The planned launch of additional credit and commercial programs is expected to support volume growth in late 2025 and beyond. European market and acquisitions: The anticipated close of the TransactPay acquisition is seen as a catalyst for further European growth. Management expects that program management capabilities, now in demand from multinational clients, will increase cross-border adoption and drive new business. Macroeconomic and regulatory factors: While guidance assumes stable economic conditions, management acknowledged the risk of deterioration in customer spending or delays in program launches. Potential shifts in financial regulation or consumer behavior could impact the pace of growth, but Marqeta's exposure to less discretionary spending categories may help mitigate downside risk. Over the next few quarters, the StockStory team will be monitoring (1) the pace and success of additional program migrations, especially in credit and commercial segments, (2) progress on closing the TransactPay acquisition and scaling European program management, and (3) the rollout and adoption of new product offerings such as the white-label app and expanded risk and rewards features. The ability to sustain non-block growth and navigate macroeconomic uncertainty will also be closely watched. Marqeta currently trades at a forward price-to-sales ratio of 4.5×. At this valuation, is it a buy or sell post earnings? See for yourself in our full research report (it's free). The market surged in 2024 and reached record highs after Donald Trump's presidential victory in November, but questions about new economic policies are adding much uncertainty for 2025. While the crowd speculates what might happen next, we're homing in on the companies that can succeed regardless of the political or macroeconomic environment. Put yourself in the driver's seat and build a durable portfolio by checking out our Top 5 Strong Momentum Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Tecnoglass (+1,754% five-year return). Find your next big winner with StockStory today.
Yahoo
29-05-2025
- Business
- Yahoo
Is Marqeta (MQ) Stock Outpacing Its Business Services Peers This Year?
The Business Services group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Marqeta (MQ) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Business Services sector should help us answer this question. Marqeta is a member of the Business Services sector. This group includes 270 individual stocks and currently holds a Zacks Sector Rank of #3. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst. The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. Marqeta is currently sporting a Zacks Rank of #2 (Buy). Within the past quarter, the Zacks Consensus Estimate for MQ's full-year earnings has moved 27.5% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving. Based on the latest available data, MQ has gained about 39.1% so far this year. In comparison, Business Services companies have returned an average of 3.4%. This means that Marqeta is performing better than its sector in terms of year-to-date returns. Another Business Services stock, which has outperformed the sector so far this year, is AppLovin (APP). The stock has returned 20.5% year-to-date. Over the past three months, AppLovin's consensus EPS estimate for the current year has increased 22.2%. The stock currently has a Zacks Rank #1 (Strong Buy). To break things down more, Marqeta belongs to the Financial Transaction Services industry, a group that includes 35 individual companies and currently sits at #59 in the Zacks Industry Rank. This group has gained an average of 5.3% so far this year, so MQ is performing better in this area. On the other hand, AppLovin belongs to the Technology Services industry. This 129-stock industry is currently ranked #50. The industry has moved +5.8% year to date. Marqeta and AppLovin could continue their solid performance, so investors interested in Business Services stocks should continue to pay close attention to these stocks. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Marqeta, Inc. (MQ) : Free Stock Analysis Report AppLovin Corporation (APP) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Time of India
25-05-2025
- Time of India
Security forces recover arms cache following Ulfa-I commander's arrest
1 2 3 4 Dibrugarh: Security forces recovered a significant cache of arms and ammunition from a border area near Namsai along the Assam-Arunachal Pradesh border on Sunday. The operation was carried out based on information provided by recently arrested United Liberation Front of Asom-Independent (Ulfa-I) operational commander Rupam Asom. The joint operation, executed by Assam Police, the 23 Assam Rifles and Military Intelligence (Kolkata), resulted in the seizure of one MQ rifle, three magazines and 120 rounds of ammunition. The weapons cache was concealed by a member of the proscribed militant outfit Ulfa-I. The breakthrough came following the arrest of Rupam, a self-styled brigadier of Ulfa-I, who was apprehended by Tinsukia police on Saturday. Rupam, an operational commander of the banned organisation, was captured from Lekhapani forest in Tinsukia district during a coordinated police operation. "Based on information provided by Rupam, Assam Police, 23 Assam Rifles and Military Intelligence, Kolkata, questioned surrendered Ulfa-I cadre Biju Asom on May 24 and obtained details about the MQ rifle and ammunition," a police official said. Security forces questioned Biju, a surrendered cadre of the militant outfit, who corroborated the information provided by Rupam. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Trade Bitcoin & Ethereum – No Wallet Needed! IC Markets Start Now Undo The information provided by the arrested commander and the surrendered militant ultimately led the security forces to the concealed weapons cache. According to police, Biju previously escaped from Rupam's group in Namsai on March 22, taking the MQ rifle with him. Following his escape, Biju subsequently surrendered before the SP in Sivasagar. Rupam, who was nabbed on Saturday, has been implicated in multiple violent activities, including the 2018 killing of Bhaskar Kalita, the OC of Bordumsa Police Station. His name had appeared in a chargesheet filed by the National Investigation Agency. Tinsukia SP Abhijit Gurav said security forces are conducting extensive combing operations along the Assam-Arunachal border to apprehend other members of Rupam's group. "The operation is still underway, and we are intensifying efforts to capture the other members of his group," the SP added.
Yahoo
28-04-2025
- Business
- Yahoo
3 Cash-Heavy Stocks That Concern Us
A surplus of cash can mean financial stability, but it can also indicate a reluctance (or inability) to invest in growth. Some of these companies also face challenges like stagnating revenue, declining market share, or limited scalability. Not all businesses with cash are winners, and that's why we built StockStory - to help you separate the good from the bad. That said, here are three companies with net cash positions to avoid and some better alternatives instead. Net Cash Position: $1.10 billion (55% of Market Cap) Founded by CEO Jason Gardner in 2009, Marqeta (NASDAQ:MQ) is an innovative card issuer that provides companies with the ability to issue and process virtual, physical, and tokenized credit and debit cards. Why Are We Wary of MQ? Sales stagnated over the last three years and signal the need for new growth strategies Long payback periods on sales and marketing expenses limit customer growth and signal the company operates in a highly competitive environment Persistent operating losses suggest the business manages its expenses poorly Marqeta's stock price of $3.97 implies a valuation ratio of 3.4x forward price-to-sales. Dive into our free research report to see why there are better opportunities than MQ. Net Cash Position: $169.9 million (5.4% of Market Cap) Co-founded by former Apple CEO John Sculley, Zeta Global (NYSE:ZETA) provides software and data analytics tools that help companies market their products to billions of customers. Why Does ZETA Give Us Pause? Competitive market dynamics make it difficult to retain customers, leading to a weak 97% net revenue retention rate Steep infrastructure costs and weaker unit economics for a software company are reflected in its low gross margin of 60.3% Historical operating losses show it had an inefficient cost structure while scaling Zeta is trading at $13.21 per share, or 2.7x forward price-to-sales. If you're considering ZETA for your portfolio, see our FREE research report to learn more. Net Cash Position: $468.9 million (9.7% of Market Cap) Founded in 1951, Champion Homes (NYSE:SKY) is a manufacturer of modular homes and buildings in North America. Why Does SKY Fall Short? Flat unit sales over the past two years suggest it might have to lower prices to accelerate growth Performance over the past two years was negatively impacted by new share issuances as its earnings per share dropped by 31.5% annually, worse than its revenue Diminishing returns on capital suggest its earlier profit pools are drying up At $84.47 per share, Champion Homes trades at 22.6x forward price-to-earnings. To fully understand why you should be careful with SKY, check out our full research report (it's free). Donald Trump's victory in the 2024 U.S. Presidential Election sent major indices to all-time highs, but stocks have retraced as investors debate the health of the economy and the potential impact of tariffs. While this leaves much uncertainty around 2025, a few companies are poised for long-term gains regardless of the political or macroeconomic climate, like our Top 5 Growth Stocks for this month. This is a curated list of our High Quality stocks that have generated a market-beating return of 175% over the last five years. Stocks that made our list in 2019 include now familiar names such as Nvidia (+2,183% between December 2019 and December 2024) as well as under-the-radar businesses like Sterling Infrastructure (+1,096% five-year return). Find your next big winner with StockStory today for free.
Yahoo
18-04-2025
- Entertainment
- Yahoo
Mythic Quest's Updated Finale Changes Ian and Poppy's Polarizing Ending — Which Version Is Better?
Apple TV+ may have pulled the plug on its video game workplace comedy Mythic Quest, but the series' creators have one more surprise in store for viewers: A brand-new scene that retcons Season 4's very polarizing and wildly confusing ending. In the original finale (which is, of course, now the de facto series finale), Ian convinces a pregnant Poppy to reverse her decision to stay at MQ, telling her that if there's even the slightest chance that things could work out with her boyfriend in the Netherlands, she should go and pursue it. Poppy gets on the plane, but shows up at the office after getting an alert that Ian was attempting to log back into the system. Poppy and Ian both admit to each other that the Elysium expansion is far more important than they previously let on. They embrace, Ian kisses her and they make out for a few moments before pulling away with horrified looks on their faces. Just as Poppy is about to speak, the credits roll. More from TVLine Law & Order: Organized Crime Premiere: Stabler and Benson Reunite Under Dire Circumstances as Season 5 Begins - Read Episodes 1 and 2 Recap Abbott Elementary EPs Talk Season 4's 'Breather' Finale, Janine and Gregory's Latest Relationship Milestone Daredevil: Born Again: Who Returned for the Finale? Who Didn't Survive? And How Did It Set Up Season 2? If you were shocked and appalled by that ending, the new one (now streaming on Apple TV+) might be more your speed. Things are mostly the same in that final scene between Poppy and Ian, except after they hug it out, they separate with Poppy saying that she's going to write down all of Ian's passwords for him. They switch desks (since hers was all packed up and empty), while Ian cracks a joke about how Pop had sex one time and got pregnant. And their jovial back and forth bantering shall continue indefinitely inside the walls of Mythic Quest! No kiss. No awkward romantic chemistry. (Plus, there's a fantastic needle drop — Starship's 'Nothing's Gonna Stop Us Now.') So, what do you think, fans? Which ending do like better? Vote in our poll below, then hit the comments! Best of TVLine Mrs. Maisel Flash-Forward List: All of Season 5's Futuristic Easter Eggs Yellowjackets Recap: The Morning After Yellowjackets Recap: The First Supper
