Maplebear Inc. CART

Industrials SIC 7389 - Services-Business Services, NEC NAICS Administrative and Support and Waste Management and Remediation Services › Administrative and Support Services derived Nasdaq

Instacart is the leading technology and enablement partner for the grocery industry — helping consumers save time, retailers run their businesses online and in-store, and connect brands with customers. Since our founding, Instacart has powered more than 1.6 billion orders.

Instacart is built for the entire grocery ecosystem, improving the experiences for each of our constituents and helping them succeed:

•Retailers. We enable more than 2,200 retail banners as of December 31, 2025 to grow by providing technology that can accelerate the digital transformation of their entire business both online and in-store. Retailers reach customers through both Instacart Marketplace, where customers can shop from their favorite retailers through our app or website, and retailers' owned and operated online storefronts that are powered by Instacart Enterprise platform, our end-to-end technology solution encompassing e-commerce, fulfillment, Connected Stores, ads and marketing, and insights.

Last close 56.44 2026-10-23
Market cap $13.07B 2026-06-30 share count
52-week range 32.73 - 57.98

Valuation FY2025 figures against the last close

P/S3.5x
P/E35.3x
P/FCF14.4x
EV/EBITDA22.2x
Dividend yield—
Diluted EPS1.60

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • United States
  • International
Revenue by geography, 2 categories over 3 years. The same figures are in the table below. FY2025 United States, FY2025: 3.6B (96.2%) 96% United States International, FY2025: 142M (3.8%) 4% FY2024 United States, FY2024: 3.2B (96.1%) 96% International, FY2024: 131M (3.9%) 4% FY2023 United States, FY2023: 2.9B (96.5%) 97% International, FY2023: 106M (3.5%) 3%
Region FY2025FY2024FY2023
United States $3.60B $3.25B $2.94B
International $142.0M $131.0M $106.0M

As the company reported it, from the “Revenue - Schedule of Revenue from External Customers by Geographic Areas (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020
Revenue $3.74B$3.38B$3.04B$2.55B$1.83B—
Cost of revenue $984.0M$836.0M$764.0M$720.0M$608.0M—
Gross profit $2.76B$2.54B$2.28B$1.83B$1.23B—
R&D $650.0M$604.0M$2.31B$518.0M$368.0M—
SG&A $482.0M$363.0M$803.0M$339.0M$288.0M—
Total operating expenses $2.26B$2.05B$4.42B$1.77B$1.31B—
Operating income $498.0M$489.0M-$2.14B$62.0M-$86.0M—
Pre-tax income $556.0M$552.0M-$2.06B$71.0M-$72.0M—
Income tax $109.0M$95.0M$439.0M$357.0M$1.0M—
Net income $447.0M$457.0M-$1.62B$428.0M-$73.0M—
EPS, basic 1.681.69-12.431.08-1.12—
EPS, diluted 1.601.58-12.430.96-1.12—
Shares, diluted (wtd. avg.) 279.6M289.2M130.6M101.5M65.9M—

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020
Cash and equivalents $637.0M$1.28B$2.14B$1.60B$1.17B$1.24B
Short-term investments $50.0M$91.0M$49.0M$209.0M——
Receivables $1.13B$1.01B$853.0M$842.0M——
Total current assets $2.20B$2.70B$3.31B$2.74B——
Property, plant and equipment $218.0M$200.0M$135.0M$38.0M——
Goodwill $393.0M$317.0M$318.0M$317.0M$263.0M—
Other intangibles $71.0M$52.0M$77.0M$103.0M——
Total assets $3.69B$4.12B$4.73B$3.67B——
Accounts payable $70.0M$80.0M$72.0M$88.0M——
Total current liabilities $917.0M$798.0M$733.0M$795.0M——
Total liabilities $974.0M$836.0M$800.0M$911.0M——
Retained earnings -$4.49B-$3.58B-$2.63B-$977.0M——
Total equity $2.52B$3.09B$3.75B-$64.0M-$573.0M-$981.0M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020
Operating cash flow $971.0M$687.0M$586.0M$277.0M-$204.0M—
Depreciation and amortisation $91.0M$56.0M$43.0M$34.0M$16.0M—
Stock-based compensation $352.0M$300.0M$2.76B$33.0M$22.0M—
Capital expenditure $61.0M$64.0M$54.0M$24.0M$13.0M—
Investing cash flow -$208.0M-$107.0M$135.0M$117.0M-$330.0M—
Financing cash flow -$1.39B-$1.41B-$30.0M$46.0M$464.0M—
Buybacks $1.39B$1.40B$36.0M$0$0—

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001579091-26-000024.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -2B 0 2B 4B Revenue, FY2021: 1.8B Gross profit, FY2021: 1.2B Net income, FY2021: -73M Revenue, FY2022: 2.6B Gross profit, FY2022: 1.8B Net income, FY2022: 428M Revenue, FY2023: 3B Gross profit, FY2023: 2.3B Net income, FY2023: -1.6B Revenue, FY2024: 3.4B Gross profit, FY2024: 2.5B Net income, FY2024: 457M Revenue, FY2025: 3.7B Gross profit, FY2025: 2.8B Net income, FY2025: 447M FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2020FY2021FY2022FY2023FY2024FY2025
Revenue — $1.83B $2.55B $3.04B $3.38B $3.74B
Gross profit — $1.23B $1.83B $2.28B $2.54B $2.76B
Net income — -$73.0M $428.0M -$1.62B $457.0M $447.0M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Results announced Item 2.02
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Results announced Item 2.02
  • Other event Item 8.01
  • Officer or director change Item 5.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

Others in SIC 7389

TickerCompanyMarket capP/ERevenue growth
MA Mastercard Inc $550.02B 37.7x 16.4%
ACN Accenture plc $152.67B 20.5x 7.4%
UBER Uber Technologies, Inc $136.24B 14.1x 18.3%
MELI MERCADOLIBRE INC $91.77B 45.9x 34.3%
DASH DoorDash, Inc. $77.93B 84.2x 27.9%
EBAY EBAY INC $54.03B 28.0x 7.9%
PYPL PayPal Holdings, Inc. $50.30B 10.5x 4.3%
MSCI MSCI Inc. $44.76B 39.2x 9.7%