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MARKETS / NASDAQ / CART
NASDAQ · SERVICES-BUSINESS SERVICES, NEC · LARGE CAP

Maplebear Inc. CART

5 fiscal years on record · USD · FY2025 reported · SEC filings only
$3.7B
▲ 10.8% YoY
$447.0M
▼ 2.2% YoY
$910.0M
▲ 46.1% YoY
In brief

What this company does

Instacart provides technology to more than 2,200 retail banners, as of December 31, 2025, to support their businesses online and in-store. As of December 31, 2025, it reached over 98% of households in North America. By the same date, it provided advertising for over 9,000 active brands. It also offered approximately 600,000 shoppers, as of December 31, 2025, an earnings opportunity letting them choose when and how much to work. Its technology is organized around three pillars: Instacart Marketplace, Instacart Enterprise platform, and Instacart Ads. Instacart Ads combines digital advertising with the ability to move products off store shelves directly, delivering them to customers within hours. It was incorporated as Maplebear Inc. in Delaware in 2012 and does business as Instacart.

Written from the business description in Maplebear Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 26 February 2026. Every sentence was checked against that document before publication.

Growth
USD 3.7B
Revenue, FY2025 · full 5-year series below
Revenue $B Net income $B
FY2025 · Revenue 3.7 · Net income 0.4
2.0B-0.8B-1.6B20212022202320242025
Compound annual growth
+13.6%
+1.5%
3 yrs
5 yrs
10 yrs
15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
12 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 13.3% · Net 11.9%
5%10%15%-20%-40%-60%20212022202320242025
ROE
FY2025 · ROE 15.9%
5%10%15%-50%20212022202320242025

Each USD of equity produced 16 cents of profit this year.

Cash & shareholders
USD 1.4B
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 910.0
400M800M-80M-160M20212022202320242025
Net buybacks $B Dividends $B
FY2025 · Dividends — · Net buybacks 1.4
0.5B1.0B20212022202320242025

USD 1.4B in buybacks — 308% of the year's profit, so the payout drew on cash built up earlier.

Total assetsUSD 3.7B
EquityUSD 2.5B
CashUSD 637.0M
Current ratio2.40×

Equity funds 68% of total assets.

The 5-year record
5 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 20252024202320222021
Revenue $B3.73.43.02.61.8
Operating income $B0.50.5−2.10.1−0.1
EBITDA $B0.60.5−2.10.1−0.1
Income tax $B0.10.1−0.4−0.40.0
Net income $B0.40.5−1.60.4−0.1
Free cash flow $B0.90.60.50.3−0.2
EPS, diluted $1.601.58−12.430.96−1.12
Dividend / sh $·····
Payout %·····
ROE %15.913.4−88.0··
Shares out B0.240.260.280.07·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 23 reconciliationsAUDITED

Reconciled in 5 of 19 fiscal years. 72 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityServices-Business Services, NEC
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2021

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