Marqeta, Inc. (MQ) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19
	8-K	10-K	10-K	10-K
Revenues	748.2	517.2	290.3	143.3
Revenue growth	44.7%	78.2%	102.6%
Cost of goods sold	428.2	285.5	172.4	82.8
Gross profit	320.0	231.7	117.9	60.5
Gross margin	42.8%	44.8%	40.6%	42.2%
Selling, general and administrative [+]	447.1	338.8	138.7	97.5
Sales and marketing	4.0	2.3	1.7	2.1
General and administrative [+]		336.6	137.0	95.5
Wages and related expenses		318.1	129.8	88.3
Professional fees		18.4	7.2	7.2
Other selling, general and administrative	443.1
Research and development	52.4	33.6	13.2	7.8
Other operating expenses	26.5	14.8	7.6	10.9
EBITDA [+]	-206.0	-155.6	-41.6	-55.8
EBITDA growth	32.4%	273.6%	-25.4%
EBITDA margin	-27.5%	-30.1%	-14.3%	-38.9%
Depreciation and amortization	3.9	3.5	3.5	3.1
EBIT [+]	-209.8	-159.1	-45.1	-58.9
EBIT growth	31.9%	252.4%	-23.3%
EBIT margin	-28.0%	-30.8%	-15.5%	-41.1%
Non-recurring items		2.9	1.9
Other income (expense), net	24.9	-2.6	-0.5	0.7
Pre-tax income	-184.9	-164.6	-47.6	-58.2
Income taxes	0.0	-0.6	0.1	0.0
Tax rate	0.0%	0.4%
Net income	0.0	-163.9	-47.7	-122.3
Net margin	0.0%	-31.7%	-16.4%	-85.4%

Basic EPS [+]	$0.00	($0.45)	($0.39)	($1.07)
Growth	-100.0%	16.5%	-63.9%
Diluted EPS [+]	$0.00	($0.45)	($0.39)	($1.07)
Growth	-100.0%	16.5%	-63.9%

Shares outstanding (basic) [+]	545.4	362.8	122.9	113.9
Growth	50.3%	195.1%	8.0%
Shares outstanding (diluted) [+]	545.4	362.8	122.9	113.9
Growth	50.3%	195.1%	8.0%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.