Marqeta Inc (MQ) Posts First GAAP Profit, Sees Future in Stablecoin Cards

Marqeta Inc (NASDAQ:MQ) is one of the best micro and small cap stocks to buy according to Jim Simons’ Renaissance Technologies. Analysts expect the stock to rise more than 30% from its current level.

Marqeta Inc (MQ) Posts First GAAP Profit, Sees Future in Stablecoin Card

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On May 5, Marqeta Inc (NASDAQ:MQ) reported Q1 2026 results that showed the company hit several high notes in the quarter. Total processing volume increased 33% YoY to $112 billion, marking the third consecutive quarter of expansion above 30%. Net revenue rose 19% to $166 million, supported by higher volumes. Gross profit also increased 19% to $118 million and came at the high end of the management’s guidance range.

In a major milestone, Marqeta made its first quarterly profit on a GAAP basis. It posted GAAP net income of $8 million, compared with a net loss of $8 million in the prior year.

Looking ahead, Marqeta anticipates revenue growth between 14% and 16% in Q2 2026. For the full-year 2026, it expects revenue growth between 12% and 14%. Marqeta anticipates continued topline expansion as it advances various growth initiatives, including international expansion and crypto support. On the crypto side, the company is building capabilities for a stablecoin-backed card. This card would enable users to pay for purchases in local fiat currencies wherever they go while drawing from their crypto wallets.

Marqeta Inc (NASDAQ:MQ) operates a cloud-based platform that allows businesses to issue and manage branded payment cards. Its technology enables companies to transform real-time data into solutions that drive customer loyalty and capital efficiency.

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