What is Marqeta, Inc. worth?
With the base-case assumptions below, a discounted cash flow model on Marqeta, Inc.'s reported free cash flow gives $13.00 per share. The share price was $18.34 on November 10, 2026, 41% above that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | 10.0% | 10.0% | $8.49 | -54% |
| Base | 15.0% | 9.0% | $13.00 | -29% |
| Bull | 20.0% | 8.0% | $21.40 | +17% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $16.42 | $17.48 | $18.78 | $20.41 | $22.50 |
| 8.0% | $13.85 | $14.54 | $15.36 | $16.34 | $17.54 |
| 9.0% | $11.99 | $12.46 | $13.00 | $13.64 | $14.39 |
| 10.0% | $10.57 | $10.91 | $11.29 | $11.72 | $12.22 |
| 11.0% | $9.46 | $9.71 | $9.99 | $10.29 | $10.65 |
Where the presets come from
Base: years 1 to 5 grow at Marqeta, Inc.'s revenue growth rate over the last 4 fiscal years (21.1% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.
Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.
Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.
This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.
Adjust the assumptions
Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.
Adjust the assumptions