14 Best Growth Stocks Under $10 to Buy Right Now

9. Marqeta, Inc. (NASDAQ:MQ)

Stock price as of May 2^nd: $3.85

Revenue CAGR last 5 years: 38.16%

Number of Hedge Fund Holders: 37

As a financial technology company, Marqeta, Inc. (NASDAQ:MQ) specializes in modern card issuing and payment processing solutions. Its open cloud-native platform enables businesses to create customized debit, credit, and prepaid card programs with features like Just-in-Time funding, dynamic spend controls, and tokenization for digital wallets. MQ operates globally and serves a diverse clientele across industries such as digital banking, on-demand services, expense management, and “Buy Now, Pay Later” providers.

Marqeta, Inc. (NASDAQ:MQ) delivered strong Q4 2024 results with total payment volume (TPV) growing 29% YoY to $80 billion, net revenue increasing 14% to $136 million, and gross profit rising 18% to $98 million. The company achieved a significant milestone with adjusted EBITDA of $13 million, representing a 9% margin and marking new all-time highs as it continues on its path to profitability. MQ expects to exit 2026 with GAAP profitability, driven by gross profit growth outpacing expense growth.

Strategic achievements include securing new partnerships, with notable wins including a consumer co-brand credit partnership with an international airline and significant momentum in European operations, where TPV growth exceeded 100%. Marqeta, Inc. (NASDAQ:MQ) is enhancing its platform capabilities through the planned acquisition of TransactPay to strengthen its European program management services, and the addition of American Express to its network options later this year. For 2025, MQ projects net revenue growth between 16% and 18%, making it one of the best growth stocks under $10 on our list. At the same time, management expects TPV growth in the mid to high 20s, while maintaining focus on operational efficiency with adjusted EBITDA margin targeted at 9% to 10% (vs. 9% last year).