Instacart (Maplebear Inc.) logo CART - Instacart (Maplebear Inc.)

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY 0
BUY 20
HOLD 5
SELL 1
STRONG
SELL 0
| PRICE TARGET: $52.30 DETAILS
HIGH: $69.00
LOW: $43.00
MEDIAN: $51.00
CONSENSUS: $52.30
UPSIDE: 26.88%
Annual Quarterly
Metric 2025 2024 2023 2022 2021 2020 2019
Revenue
Revenue 3,742 3,378 3,042 2,551 1,834 1,477 214
Cost of Revenue 984 836 764 720 608 598 232
Gross Profit 2,758 2,542 2,278 1,831 1,226 879 (18)
Operating Expenses
R&D Expenses 650 604 2,312 518 368 194 127
SG&A Expenses 1,336 1,171 1,764 999 682 436 222
Other Expenses 274 278 344 252 262 324 189
Operating Expenses 2,260 2,053 4,420 1,769 1,312 954 538
Operating Income
Operating Income 498 489 (2,142) 62 (86) (75) (556)
Interest Expense 0 0 0 0 0 0 0
Interest Income 57 66 81 17 2 5 25
Profitability
EBITDA 597 556 (2,085) 109 (59) (55) (551)
EBIT 498 489 (2,142) 62 (86) (75) (556)
Income Before Tax 556 552 (2,061) 71 (72) (70) (531)
Income Tax Expense 109 95 (439) (357) 1 0 0
Net Income 447 457 (1,622) 428 (73) (70) (531)
Per Share Data
EPS (Basic) 1.71 1.69 -12.43 0.28 -0.26 -0.25 -9.71
EPS (Diluted) 1.60 1.58 -12.43 0.28 -0.26 -0.25 -9.71
Shares Outstanding 261.4 264.6 130.6 276.7 276.7 276.7 54.7
Metric 2025 2024 2023 2022 2021 2020
Current Assets
Cash & Cash Equivalents 637 1,430 2,137 1,580 1,147 1,217
Short-Term Investments 50 91 49 209 348 208
Net Receivables 1,127 1,014 853 842 832 520
Inventory 0 0 0 0 0 0
Other Current Assets 385 162 266 109 68 27
Total Current Assets 2,199 2,697 3,305 2,740 2,395 1,972
Non-Current Assets
Property, Plant & Equipment 248 221 166 79 73 73
Goodwill 393 317 318 317 263 11
Intangible Assets 71 52 77 103 68 7
Long-Term Investments 99 0 0 47 146 14
Other Non-Current Assets 13 57 31 12 16 19
Total Non-Current Assets 1,488 1,418 1,422 929 566 124
Total Assets 3,687 4,115 4,727 3,669 2,961 2,096
Current Liabilities
Account Payables 70 80 72 88 60 23
Short-Term Debt 0 0 0 13 11 0
Deferred Revenue 258 200 197 179 148 0
Other Current Liabilities 190 179 139 463 351 384
Total Current Liabilities 917 798 733 795 592 407
Non-Current Liabilities
Long-Term Debt 0 0 0 0 0 51
Deferred Tax Liabilities 0 0 0 0 0 0
Other Non-Current Liabilities 219 211 217 80 77 62
Total Non-Current Liabilities 252 224 244 116 120 113
Total Liabilities 1,169 1,022 977 911 712 520
Stockholders' Equity
Common Stock 0 0 0 0 0 0
Retained Earnings (4,486) (3,585) (2,635) (977) (1,405) (1,332)
Accumulated Other Comprehensive Income (1) (9) 3 (5) (1) 0
Total Stockholders' Equity 2,518 3,093 3,750 2,758 2,249 1,576
Total Liabilities & Equity 3,687 4,115 4,727 3,669 2,961 2,096
Debt Metrics
Total Debt 36 26 40 49 54 51
Net Debt (601) (1,404) (2,097) (1,531) (1,093) (1,166)
Metric 2025 2024 2023 2022 2021 2020 2019
Operating Activities
Net Income 447 457 (1,622) 428 (73) (70) (531)
Depreciation & Amortization 99 67 57 47 27 20 5
Stock-Based Compensation 0 300 2,756 33 22 64 43
Change in Working Capital (61) (219) (165) 124 (192) (141) (15)
Other Non-Cash Items 389 23 19 18 14 27 7
Operating Cash Flow 972 687 586 277 (204) (91) (491)
Investing Activities
Capital Expenditure (61) (64) (56) (26) (22) (7) (16)
Acquisitions (106) 0 0 (93) (54) (308) 0
Purchases of Investments (280) (110) (110) (158) (623) (310) 0
Sales/Maturities of Investments 243 70 301 394 369 618 0
Other Investing Activities (4) (3) (2) 0 0 308 326
Investing Cash Flow (208) (107) 135 117 (330) 301 310
Financing Activities
Net Debt Issuance 0 0 0 0 0 0 0
Stock Repurchased (1,386) (1,402) (36) 0 0 0 0
Dividends Paid 0 0 0 0 0 0 0
Other Financing Activities (13) (11) (570) (3) 74 46 (1)
Financing Cash Flow (1,391) (1,413) (30) 46 464 671 (1)
Cash Position
Net Change in Cash (621) (844) 694 434 (71) 882 354
Cash at Beginning 1,430 2,293 1,599 1,165 1,236 354 0
Cash at End 809 1,449 2,293 1,599 1,165 1,236 354
Free Cash Flow 911 623 530 251 (226) (98) (507)
Key Metrics 2025 2024 2023 2022 2021 2020 2019
Income Statement
Revenue 3,742 3,378 3,042 2,551 1,834 1,477 214
Gross Profit 2,758 2,542 2,278 1,831 1,226 879 (18)
Operating Income 498 489 (2,142) 62 (86) (75) (556)
Net Income 447 457 (1,622) 428 (73) (70) (531)
EPS (Diluted) 1.60 1.58 -12.43 0.28 -0.26 -0.25 -9.71
Balance Sheet
Cash & Equivalents 637 1,430 2,137 1,580 1,147 1,217
Total Assets 3,687 4,115 4,727 3,669 2,961 2,096
Total Debt 36 26 40 49 54 51
Stockholders' Equity 2,518 3,093 3,750 2,758 2,249 1,576
Cash Flow
Operating Cash Flow 972 687 586 277 (204) (91) (491)
Capital Expenditure (61) (64) (56) (26) (22) (7) (16)
Free Cash Flow 911 623 530 251 (226) (98) (507)