Instacart Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Year	2023	2022	2021	2020
Revenue	3,042	2,551	1,834	1,477
Revenue Growth (YoY)	19.25%	39.09%	24.17%	-
Cost of Revenue	764	720	608	598
Gross Profit	2,278	1,831	1,226	879
Selling, General & Admin	1,764	999	682	436
Research & Development	2,312	518	368	194
Other Operating Expenses	344	252	262	324
Operating Expenses	4,420	1,769	1,312	954
Operating Income	-2,142	62	-86	-75
Other Expense / Income	-81	-9	-14	-5
Pretax Income	-2,061	71	-72	-70
Income Tax	-439	-357	1	0
Net Income	-1,622	428	-73	-70
Preferred Dividends	2	351	0	0
Net Income Common	-1,624	77	-73	-70
Shares Outstanding (Basic)	131	72	66	58
Shares Outstanding (Diluted)	131	72	66	58
Shares Change	81.78%	9.08%	13.72%	-
EPS (Basic)	-12.43	1.08	-1.12	-1.21
EPS (Diluted)	-12.43	1.08	-1.12	-1.21
Free Cash Flow	532	253	-217	-98
Free Cash Flow Per Share	4.07	3.52	-3.29	-1.69
Gross Margin	74.88%	71.78%	66.85%	59.51%
Operating Margin	-70.41%	2.43%	-4.69%	-5.08%
Profit Margin	-53.39%	3.02%	-3.98%	-4.74%
Free Cash Flow Margin	17.49%	9.92%	-11.83%	-6.64%
Effective Tax Rate	-	-502.82%	-	-
EBITDA	-2,004	118	-45	-50
EBITDA Margin	-65.88%	4.63%	-2.45%	-3.39%
Depreciation & Amortization	57	47	27	20
EBIT	-2,061	71	-72	-70
EBIT Margin	-67.75%	2.78%	-3.93%	-4.74%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).