Instacart Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	3,742	3,378	3,042	2,551	1,834
Revenue Growth (YoY)	10.78%	11.04%	19.25%	39.09%	24.17%
Cost of Revenue	984	836	764	720	608
Gross Profit	2,758	2,542	2,278	1,831	1,226
Selling, General & Admin	1,610	1,449	2,108	1,251	944
Research & Development	650	604	2,312	518	368
Total Operating Expenses	2,260	2,053	4,420	1,769	1,312
Operating Income	498	489	-2,142	62	-86
Interest Income	57	66	81	17	2
Other Non-Operating Income (Expense)	-1	-	3	8	-12
Total Non-Operating Income (Expense)	56	66	84	25	-10
Pretax Income	556	552	-2,061	71	-72
Provision for Income Taxes	109	95	-439	-357	1
Net Income	438	448	-1,624	77	-73
Net Income Attributable to Preferred Dividends	-9	-9	-	351	-
Net Income to Common	438	448	-1,624	77	-73
Net Income Growth	-2.23%	-	-	-	-
Shares Outstanding (Basic)	261	265	131	72	66
Shares Outstanding (Diluted)	280	289	131	101	66
Shares Change (YoY)	-3.30%	121.38%	28.71%	54.05%	13.71%
EPS (Basic)	1.68	1.69	-12.43	1.08	-1.12
EPS (Diluted)	1.60	1.58	-12.43	0.96	-1.12
EPS Growth	1.27%	-	-	-	-
Free Cash Flow	948	687	610	253	-217
Free Cash Flow Growth	37.99%	12.62%	141.11%	-	-
Free Cash Flow Per Share	3.39	2.38	4.67	2.49	-3.29
Gross Margin	73.70%	75.25%	74.88%	71.78%	66.85%
Operating Margin	13.31%	14.48%	-70.41%	2.43%	-4.69%
Profit Margin	11.95%	13.53%	-53.32%	16.78%	-3.98%
FCF Margin	25.33%	20.34%	20.05%	9.92%	-11.83%
EBITDA	597	556	-2,085	109	-59
EBITDA Margin	15.95%	16.46%	-68.54%	4.27%	-3.22%
EBIT	498	489	-2,142	62	-86
EBIT Margin	13.31%	14.48%	-70.41%	2.43%	-4.69%
Effective Tax Rate	19.60%	17.21%	21.30%	-502.82%	-1.39%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q