Instacart (Maplebear Inc.) (CART) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	4.0B	3.7B	3.4B	3.0B	2.6B
Cost of Revenue	1.1B	984.0M	836.0M	764.0M	720.0M
Gross Profit	2.9B	2.8B	2.5B	2.3B	1.8B
Operating Expenses
R&D Expense	706.0M	650.0M	604.0M	2.3B	518.0M
SG&A Expense	1.3B	1.3B	1.2B	1.8B	999.0M
General & Admin Expense	436.0M	482.0M	363.0M	803.0M	339.0M
Selling & Marketing Expense	883.0M	854.0M	808.0M	961.0M	660.0M
Other Expenses	276.0M	274.0M	278.0M	344.0M	252.0M
Total Operating Expenses	2.3B	2.3B	2.1B	4.4B	1.8B
Cost and Expenses	3.4B	3.2B	2.9B	5.2B	2.5B
Operating Income (EBIT)	591.0M	498.0M	489.0M	(2.1B)	62.0M
Non-Operating
Interest Income	39.0M	57.0M	66.0M	81.0M	17.0M
Interest Expense	—	—	—	—	—
Net Interest Income	39.0M	57.0M	66.0M	81.0M	17.0M
Other Non-Op Income/Expense	34.0M	58.0M	63.0M	81.0M	9.0M
Non-Operating Income (excl Interest)	(34.0M)	(58.0M)	(63.0M)	(81.0M)	(9.0M)
EBT (Pre-Tax Income)	625.0M	556.0M	552.0M	(2.1B)	71.0M
Income Tax Expense	145.0M	109.0M	95.0M	(439.0M)	(357.0M)
Bottom Line
Net Income	480.0M	447.0M	457.0M	(1.6B)	428.0M
Earnings from Cont. Ops	480.0M	447.0M	457.0M	(1.6B)	428.0M
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	478.0M	447.0M	457.0M	(1.6B)	77.0M
Per Share
Basic EPS	$1.90	$1.71	$1.69	($12.43)	$0.28
Diluted EPS	$1.83	$1.60	$1.58	($12.43)	$0.28
Revenue Per Share	$17.00	$14.32	$12.76	$23.29	$9.22
Shares
Basic Shares Outstanding	234.9M	261.4M	264.6M	130.6M	276.7M
Diluted Shares Outstanding	248.9M	279.6M	289.2M	130.6M	276.7M
Profitability Metrics
EBITDA	741.0M	655.0M	619.0M	(2.0B)	118.0M
D&A	116.0M	99.0M	67.0M	57.0M	47.0M
EBIT	625.0M	556.0M	552.0M	(2.1B)	71.0M

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026