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Side-by-side financial comparison of BRANDYWINE REALTY TRUST (BDN) and Marqeta, Inc. (MQ). Click either name above to swap in a different company.
Marqeta, Inc. is the larger business by last-quarter revenue ($165.8M vs $127.0M, roughly 1.3× BRANDYWINE REALTY TRUST). Marqeta, Inc. runs the higher net margin — 4.7% vs -38.4%, a 43.2% gap on every dollar of revenue. On growth, Marqeta, Inc. posted the faster year-over-year revenue change (19.0% vs 4.5%). Over the past eight quarters, Marqeta, Inc.'s revenue compounded faster (15.0% CAGR vs 0.7%).
Brandywine Realty Trust is a Philadelphia-based real estate investment trust (REIT) that invests in office buildings in Philadelphia, Washington, D.C., and Austin, Texas.
Marqeta, Inc. operates a cloud-native open API platform for modern card issuing and digital payment processing. Its solutions empower fintech startups, large retailers, and enterprise clients to launch customized physical and virtual payment cards, as well as embedded finance products across global consumer and commercial markets.
BDN vs MQ — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $127.0M | $165.8M |
| Net Profit | $-48.8M | $7.8M |
| Gross Margin | — | 70.9% |
| Operating Margin | 1.2% | 30.3% |
| Net Margin | -38.4% | 4.7% |
| Revenue YoY | 4.5% | 19.0% |
| Net Profit YoY | -80.4% | 194.8% |
| EPS (diluted) | $-0.28 | $0.02 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $127.0M | $165.8M | ||
| Q4 25 | $121.0M | $172.1M | ||
| Q3 25 | $121.4M | $163.3M | ||
| Q2 25 | $120.6M | $150.4M | ||
| Q1 25 | $121.5M | $139.1M | ||
| Q4 24 | $121.9M | $135.8M | ||
| Q3 24 | $131.8M | $128.0M | ||
| Q2 24 | $125.3M | $125.3M |
| Q1 26 | $-48.8M | $7.8M | ||
| Q4 25 | $-36.7M | — | ||
| Q3 25 | $-25.9M | $-3.6M | ||
| Q2 25 | $-88.7M | $-647.0K | ||
| Q1 25 | $-27.0M | $-8.3M | ||
| Q4 24 | $-44.5M | — | ||
| Q3 24 | $-165.2M | $-28.6M | ||
| Q2 24 | $30.2M | $119.1M |
| Q1 26 | — | 70.9% | ||
| Q4 25 | 61.3% | 69.7% | ||
| Q3 25 | 62.6% | 70.1% | ||
| Q2 25 | 62.4% | 69.2% | ||
| Q1 25 | 60.8% | 71.0% | ||
| Q4 24 | 61.2% | 72.3% | ||
| Q3 24 | 64.9% | 70.4% | ||
| Q2 24 | 63.1% | 63.3% |
| Q1 26 | 1.2% | 30.3% | ||
| Q4 25 | 22.8% | -4.8% | ||
| Q3 25 | 20.8% | -6.4% | ||
| Q2 25 | -34.3% | -6.1% | ||
| Q1 25 | 12.5% | -13.3% | ||
| Q4 24 | 18.0% | -27.6% | ||
| Q3 24 | -7.2% | -33.0% | ||
| Q2 24 | 15.5% | 83.9% |
| Q1 26 | -38.4% | 4.7% | ||
| Q4 25 | -30.3% | — | ||
| Q3 25 | -21.3% | -2.2% | ||
| Q2 25 | -73.5% | -0.4% | ||
| Q1 25 | -22.2% | -5.9% | ||
| Q4 24 | -36.5% | — | ||
| Q3 24 | -125.4% | -22.4% | ||
| Q2 24 | 24.1% | 95.1% |
| Q1 26 | $-0.28 | $0.02 | ||
| Q4 25 | $-0.21 | — | ||
| Q3 25 | $-0.15 | — | ||
| Q2 25 | $-0.51 | — | ||
| Q1 25 | $-0.16 | — | ||
| Q4 24 | $-0.25 | — | ||
| Q3 24 | $-0.96 | — | ||
| Q2 24 | $0.17 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $36.2M | $712.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | $742.3M |
| Total Assets | $3.6B | $1.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $36.2M | $712.1M | ||
| Q4 25 | $32.3M | $709.4M | ||
| Q3 25 | $75.5M | $747.2M | ||
| Q2 25 | $122.6M | $732.7M | ||
| Q1 25 | $29.4M | $830.9M | ||
| Q4 24 | $90.2M | $923.0M | ||
| Q3 24 | $36.5M | $886.4M | ||
| Q2 24 | $30.4M | $924.7M |
| Q1 26 | — | — | ||
| Q4 25 | $2.6B | — | ||
| Q3 25 | $2.3B | — | ||
| Q2 25 | $2.3B | — | ||
| Q1 25 | $2.2B | — | ||
| Q4 24 | $2.2B | — | ||
| Q3 24 | $2.3B | — | ||
| Q2 24 | $2.2B | — |
| Q1 26 | — | $742.3M | ||
| Q4 25 | $792.7M | $762.0M | ||
| Q3 25 | $841.5M | $839.2M | ||
| Q2 25 | $879.8M | $843.4M | ||
| Q1 25 | $993.6M | $987.3M | ||
| Q4 24 | $1.0B | $1.1B | ||
| Q3 24 | $1.1B | $1.1B | ||
| Q2 24 | $1.3B | $1.1B |
| Q1 26 | $3.6B | $1.5B | ||
| Q4 25 | $3.6B | $1.5B | ||
| Q3 25 | $3.3B | $1.5B | ||
| Q2 25 | $3.4B | $1.2B | ||
| Q1 25 | $3.4B | $1.3B | ||
| Q4 24 | $3.5B | $1.5B | ||
| Q3 24 | $3.6B | $1.4B | ||
| Q2 24 | $3.8B | $1.5B |
| Q1 26 | — | — | ||
| Q4 25 | 3.23× | — | ||
| Q3 25 | 2.70× | — | ||
| Q2 25 | 2.63× | — | ||
| Q1 25 | 2.23× | — | ||
| Q4 24 | 2.13× | — | ||
| Q3 24 | 2.06× | — | ||
| Q2 24 | 1.73× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BDN
| Rents | $120.7M | 95% |
| Third party management fees, labor reimbursement and leasing | $4.7M | 4% |
MQ
Segment breakdown not available.
