Maplebear Inc. (CART)

NASDAQ: CART · Real-Time Price · USD

50.31

-0.45 (-0.89%)

At close: Oct 21, 2026, 4:00 PM EDT

50.70

+0.39 (0.78%)

After-hours: Oct 21, 2026, 7:30 PM EDT

Instacart Financials Overview

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

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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	3,993	3,742	3,378	3,042	2,551	1,834
Revenue Growth	12.61%	10.78%	11.04%	19.25%	39.09%	24.17%
Gross Profit	2,898	2,758	2,542	2,278	1,831	1,226
Operating Income	595	500	509	-2,146	66	-73
Net Income	472	438	448	-1,624	77	-73
Earnings Per Share	1.82	1.60	1.58	-12.43	0.96	-1.12
EPS Growth	5.20%	1.15%	-	-	-	-

Revenue by Segment

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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
Transaction	2,847	2,677	2,420	2,171	1,811	1,262
Advertising and Other	1,146	1,065	958	871	740	572
Revenue (Total)	3,993	3,742	3,378	3,042	2,551	1,834

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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
Cash & Investments	885	768	1,369	2,186	1,742	1,622
Total Debt	34	36	26	40	49	54
Net Cash (Debt)	851	732	1,343	2,146	1,693	1,568
Net Cash Growth	-45.48%	-45.50%	-37.42%	26.76%	7.97%	13.87%
Net Cash Per Share	3.22	2.62	4.64	16.43	16.68	23.80

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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
Operating Cash Flow	1,232	971	687	586	277	-204
Capital Expenditures	-56	-61	-64	-54	-24	-13
Free Cash Flow	1,176	910	623	532	253	-217
Free Cash Flow Growth	50.96%	46.07%	17.11%	110.28%	-	-

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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
Gross Margin	72.58%	73.70%	75.25%	74.89%	71.78%	66.85%
Operating Margin	14.90%	13.36%	15.07%	-70.55%	2.59%	-3.98%
Pretax Margin	15.70%	14.86%	16.34%	-67.75%	2.78%	-3.93%
Profit Margin	11.82%	11.71%	13.26%	-53.39%	3.02%	-3.98%
FCF Margin	29.45%	24.32%	18.44%	17.49%	9.92%	-11.83%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct '26 Oct 21, 2026	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
PE Ratio	27.63	26.96	23.75	-	-	-
Forward PE	19.50	20.90	27.34	175.63	-	-
P/FCF Ratio	9.90	12.98	17.08	12.36	-	-
PS Ratio	2.92	3.16	3.15	2.16	-	-