Maplebear Inc. (CART)

Instacart Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	3,455	3,378	3,042	2,551	1,834	1,477
Revenue Growth (YoY)	11.34%	11.04%	19.25%	39.09%	24.17%	590.19%
Cost of Revenue	856	836	764	720	608	598
Gross Profit	2,599	2,542	2,278	1,831	1,226	879
Selling, General & Admin	1,501	1,429	2,102	1,248	934	759
Research & Development	620	580	2,298	517	365	194
Other Operating Expenses	21	24	24	-	-	-
Operating Expenses	2,142	2,033	4,424	1,765	1,299	953
Operating Income	457	509	-2,146	66	-73	-74
Interest & Investment Income	58	66	81	17	2	5
Currency Exchange Gain (Loss)	-3	-3	-	-8	1	-
EBT Excluding Unusual Items	513	572	-2,065	75	-70	-69
Merger & Restructuring Charges	-2	-20	4	-4	-10	-1
Legal Settlements	-	-	-	-	11	-
Other Unusual Items	-	-	-	-	-3	-
Pretax Income	511	552	-2,061	71	-72	-70
Income Tax Expense	78	95	-439	-357	1	-
Net Income	433	457	-1,622	428	-73	-70
Preferred Dividends & Other Adjustments	9	9	2	351	-	-
Net Income to Common	424	448	-1,624	77	-73	-70
Shares Outstanding (Basic)	262	265	131	72	66	58
Shares Outstanding (Diluted)	283	289	131	101	66	58
Shares Change (YoY)	56.09%	121.38%	28.71%	54.05%	13.71%	5.88%
EPS (Basic)	1.62	1.69	-12.43	1.07	-1.11	-1.21
EPS (Diluted)	1.52	1.58	-12.43	0.96	-1.12	-1.21
Free Cash Flow	812	623	532	253	-217	-98
Free Cash Flow Per Share	2.87	2.15	4.07	2.49	-3.29	-1.69
Gross Margin	75.22%	75.25%	74.89%	71.78%	66.85%	59.51%
Operating Margin	13.23%	15.07%	-70.55%	2.59%	-3.98%	-5.01%
Profit Margin	12.27%	13.26%	-53.39%	3.02%	-3.98%	-4.74%
Free Cash Flow Margin	23.50%	18.44%	17.49%	9.92%	-11.83%	-6.64%
EBITDA	498	543	-2,108	96	-60	-67
EBITDA Margin	14.41%	16.07%	-69.30%	3.76%	-3.27%	-4.54%
D&A For EBITDA	41	34	38	30	13	7
EBIT	457	509	-2,146	66	-73	-74
EBIT Margin	13.23%	15.07%	-70.55%	2.59%	-3.98%	-5.01%
Effective Tax Rate	15.26%	17.21%	-	-	-	-
Advertising Expenses	-	-	-	-	270	110

Updated Feb 28, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q