Marqeta, Inc. (NASDAQ:MQ) Q2 2023 Earnings Conference Call August 8, 2023 4:30 PM ET

Company Participants

Stacey Finerman - Vice President of Investor Relations

Simon Khalaf - Chief Executive Officer

Mike Milotich - Chief Financial Officer

Conference Call Participants

Tien-Tsin Huang - JPMorgan

Darrin Peller - Wolfe Research

Ramsey El-Assal - Barclays

Ashwin Shirvaikar - Citibank

Craig Maurer - FT Partners

Robert Napoli - William Blair

Bryan Keane - Deutsche Bank

Julian Broche - Truist Securities

Kathy Chen - Bank of America Merrill

Operator

Good afternoon and welcome to Marqeta's Second Quarter 2023 Earnings Call. All participants will be in listen-only mode. [Operator Instructions] Please note that this event is being recorded.

I would now like to turn the conference over to Stacey Finerman. Please go ahead.

Stacey Finerman

Thanks, operator. Before we begin, I would like to remind everyone that today's call may contain forward-looking statements, including statements regarding anticipated future financial and operating results and further changes in our development regarding accounting treatment among others. These forward-looking statements are subject to numerous risks and uncertainties including the risk that our accounting treatment may be subject to further changes or development set forth in our filing for the SEC, which are available on our investor relations website including our Annual Report on Form 10k for the period ended December 31, 2022 and our subsequent periodic filings with the SEC. Actual results may differ materially for many forward-looking statements we make today. These forward-looking statements speak only as of the time of this call and the company does not assume any obligation or intent to update them, except as required by law. In addition, today's call includes non-GAAP financial measures. These measures should be considered as a supplement to and not a substitute for GAAP financial measures. Reconciliations to the most directly comparable GAAP measures can be found in today's earnings press release or earnings release supplemental materials which are available on our investor relations website. A reconciliation of forward-looking non-GAAP guidance is not available without unreasonable efforts due to the challenges and impractability with estimating some of the items, such as share base compensation, depreciation and amortization expense and payroll tax expense the effect of which could be significant.

Hosting today's call are Simon Khalaf, Marqeta’s CEO and Mike Milotich, Marqeta's Chief Financial Officer. With that, I'd like to turn the call over to Simon to begin.

Simon Khalaf