Maplebear Inc. (CART)

Instacart Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	3,546	3,378	3,042	2,551	1,834	1,477
Revenue Growth (YoY)	10.47%	11.04%	19.25%	39.09%	24.17%	590.19%
Cost of Revenue	892	836	764	720	608	598
Gross Profit	2,654	2,542	2,278	1,831	1,226	879
Selling, General & Admin	1,488	1,429	2,102	1,248	934	759
Research & Development	582	580	2,298	517	365	194
Other Operating Expenses	37	24	24	-	-	-
Operating Expenses	2,107	2,033	4,424	1,765	1,299	953
Operating Income	547	509	-2,146	66	-73	-74
Interest & Investment Income	56	66	81	17	2	5
Currency Exchange Gain (Loss)	-3	-3	-	-8	1	-
EBT Excluding Unusual Items	604	572	-2,065	75	-70	-69
Merger & Restructuring Charges	-20	-20	4	-4	-10	-1
Legal Settlements	-	-	-	-	11	-
Other Unusual Items	-	-	-	-	-3	-
Pretax Income	584	552	-2,061	71	-72	-70
Income Tax Expense	96	95	-439	-357	1	-
Net Income	488	457	-1,622	428	-73	-70
Preferred Dividends & Other Adjustments	9	9	2	351	-	-
Net Income to Common	479	448	-1,624	77	-73	-70
Shares Outstanding (Basic)	261	265	131	72	66	58
Shares Outstanding (Diluted)	285	289	131	101	66	58
Shares Change (YoY)	24.06%	121.38%	28.71%	54.05%	13.71%	5.88%
EPS (Basic)	1.84	1.69	-12.43	1.07	-1.11	-1.21
EPS (Diluted)	1.73	1.58	-12.43	0.96	-1.12	-1.21
Free Cash Flow	779	623	532	253	-217	-98
Free Cash Flow Per Share	2.74	2.15	4.07	2.49	-3.29	-1.69
Gross Margin	74.84%	75.25%	74.89%	71.78%	66.85%	59.51%
Operating Margin	15.43%	15.07%	-70.55%	2.59%	-3.98%	-5.01%
Profit Margin	13.51%	13.26%	-53.39%	3.02%	-3.98%	-4.74%
Free Cash Flow Margin	21.97%	18.44%	17.49%	9.92%	-11.83%	-6.64%
EBITDA	597	543	-2,108	96	-60	-67
EBITDA Margin	16.84%	16.07%	-69.30%	3.76%	-3.27%	-4.54%
D&A For EBITDA	50	34	38	30	13	7
EBIT	547	509	-2,146	66	-73	-74
EBIT Margin	15.43%	15.07%	-70.55%	2.59%	-3.98%	-5.01%
Effective Tax Rate	16.44%	17.21%	-	-	-	-
Advertising Expenses	-	457	388	426	270	110

Updated May 8, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q