Symbols / CART Stock $40.74 -3.46% Maplebear Inc.

Consumer Cyclical • Internet Retail • United States • NMS
CART (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Consumer Cyclical
Industry Internet Retail
CEO Mr. Chris Rogers
Exch · Country NMS · United States
Market Cap 9.58B
Enterprise Value 9.46B
Income 476.00M
Sales 3.86B
FCF (ttm) 624.12M
Book/sh 10.12
Cash/sh 2.94
Employees 3,600
Insider 10d —
IPO Sep 19, 2023
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 0.00%
P/E 22.63
Forward P/E 8.60
PEG 2.44
P/S 2.48
P/B 4.03
P/C —
EV/EBITDA 15.66
EV/Sales 2.45
Quick Ratio 2.02
Current Ratio 2.36
Debt/Eq 1.31
LT Debt/Eq —
EPS (ttm) 1.80
EPS next Y 4.74
EPS Growth 53.50%
Revenue Growth 13.60%
EPS Gr Q/Q 35.80%
Rev Gr Q/Q —
Earnings (next) 2026-08-06
Earnings (prior) 2026-05-05
ROA 9.15%
ROE 16.28%
ROIC —
Gross Margin 73.11%
Oper. Margin 17.96%
Profit Margin 12.55%
Shs Outstand 235.03M
Shs Float 157.34M
Insider Own 11.18%
Instit Own 83.72%
Short Float 10.00%
Short Ratio 3.39
Short Interest 14.99M
52W High 53.50
vs 52W High -23.85%
52W Low 32.73
vs 52W Low 24.47%
Beta 0.96
Impl. Vol. 51.27%
Rel Volume 0.68
Avg Volume 4.05M
Volume 2.74M
Target (mean) $50.00
Tgt Median $50.00
Tgt Low $37.00
Tgt High $69.00
# Analysts 27
Recom Buy
Prev Close $42.20
Price $40.74
Change -3.46%
About

Maplebear Inc., doing business as Instacart, operates as a technology and enablement partner for the grocery industry in the United States and internationally. The company offers Instacart Marketplace which helps retailers serve customers' needs by supporting fulfillment options, shopping occasions, and categories; Instacart Enterprise platform, an end-to-end technology solution for retailers across all aspects of business; and Instacart Ads, enables brands to learn more about general consumer behavior from discovery to purchase, offering insights about how to optimize advertising spend. It also provides advertising solutions, including sponsored product ads, display ads, coupons, and brand pages; and software-as-a-service. The company's services can be provided through company's mobile application or website. Maplebear Inc., was incorporated in 2012 and is headquartered in San Francisco, California.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$50.00
Mean price target
2. Current target
$40.74
Latest analyst target
3. DCF / Fair value
$47.80
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$40.74
Low
$37.00
High
$69.00
Mean
$50.00

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-05-07 main Barclays Overweight → Overweight $69
2026-05-07 main Wells Fargo Equal-Weight → Equal-Weight $47
2026-05-07 reit Needham Buy → Buy $55
2026-03-30 main Wells Fargo Equal-Weight → Equal-Weight $45
2026-03-30 up Jefferies Hold → Buy $45
2026-02-13 main Wells Fargo Equal-Weight → Equal-Weight $43
2026-02-13 main Benchmark Buy → Buy $55
2026-02-13 main Needham Buy → Buy $55
2026-02-10 main Benchmark Buy → Buy $53
2026-01-27 main Stifel Buy → Buy $46
2026-01-08 main Cantor Fitzgerald Overweight → Overweight $54
2025-12-11 main Jefferies Hold → Hold $48
2025-11-11 main Citigroup Buy → Buy $50
2025-11-11 up BMO Capital Market Perform → Outperform $58
2025-11-11 main JP Morgan Overweight → Overweight $55
2025-11-11 main Benchmark Buy → Buy $60
2025-11-11 main Needham Buy → Buy $50
2025-10-29 main Wedbush Underperform → Underperform $40
2025-10-24 main Stifel Buy → Buy $49
2025-10-17 main Jefferies Hold → Hold $43
News
RSS: Latest CART news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-05-22 DOLAN VICTORIA L Director — 6,048 $0.00 $0
2026-05-22 SILVERMAN JOSH Director — 6,048 $0.00 $0
2026-05-22 KOPIT LEVIEN MEREDITH A Director — 6,048 $0.00 $0
2026-05-22 LAUGHTON MARY BETH Director — 6,048 $0.00 $0
2026-05-22 SARAFAN LILY Director — 6,048 $0.00 $0
2026-05-22 SUNDHEIM DANIEL S. Director and Beneficial Owner of more than 10% of a Class of Security — 6,048 $0.00 $0
2026-05-22 GUPTA RAVI Director and Beneficial Owner of more than 10% of a Class of Security — 6,048 $0.00 $0
2026-05-18 FONG MORGAN Officer — 14,033 $39.88 $560,416
2026-04-15 BLACKWOOD-KAPRAL LISA Officer — 9,390 $40.25 $377,904
2026-04-15 BLACKWOOD-KAPRAL LISA Officer — 20,851 $0.00 $0
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
3,742.00
+10.78%
3,378.00
+11.05%
3,042.00
+19.25%
2,551.00
Operating Revenue
3,742.00
+10.78%
3,378.00
+11.05%
3,042.00
+19.25%
2,551.00
Cost Of Revenue
984.00
+17.70%
836.00
+9.42%
764.00
+6.11%
720.00
Reconciled Cost Of Revenue
984.00
+17.70%
836.00
+9.42%
764.00
+6.11%
720.00
Gross Profit
2,758.00
+8.50%
2,542.00
+11.59%
2,278.00
+24.41%
1,831.00
Operating Expense
2,260.00
+10.08%
2,053.00
-53.55%
4,420.00
+149.86%
1,769.00
Research And Development
650.00
+7.62%
604.00
-73.88%
2,312.00
+346.33%
518.00
Selling General And Administration
1,336.00
+14.09%
1,171.00
-33.62%
1,764.00
+76.58%
999.00
Selling And Marketing Expense
854.00
+5.69%
808.00
-15.92%
961.00
+45.61%
660.00
General And Administrative Expense
482.00
+32.78%
363.00
-54.79%
803.00
+136.87%
339.00
Other Gand A
482.00
+32.78%
363.00
-54.79%
803.00
+136.87%
339.00
Other Operating Expenses
274.00
-1.44%
278.00
-19.19%
344.00
+36.51%
252.00
Total Expenses
3,244.00
+12.29%
2,889.00
-44.27%
5,184.00
+108.28%
2,489.00
Operating Income
498.00
+1.84%
489.00
+122.83%
-2,142.00
-3554.84%
62.00
Total Operating Income As Reported
498.00
+1.84%
489.00
+122.83%
-2,142.00
-3554.84%
62.00
EBITDA
597.00
+7.37%
556.00
+126.67%
-2,085.00
-2012.84%
109.00
Normalized EBITDA
597.00
+7.37%
556.00
+126.67%
-2,085.00
-2012.84%
109.00
Reconciled Depreciation
99.00
+47.76%
67.00
+17.54%
57.00
+21.28%
47.00
EBIT
498.00
+1.84%
489.00
+122.83%
-2,142.00
-3554.84%
62.00
Net Income
447.00
-2.19%
457.00
+128.18%
-1,622.00
-478.97%
428.00
Pretax Income
556.00
+0.72%
552.00
+126.78%
-2,061.00
-3002.82%
71.00
Net Non Operating Interest Income Expense
57.00
-13.64%
66.00
-18.52%
81.00
+376.47%
17.00
Net Interest Income
57.00
-13.64%
66.00
-18.52%
81.00
+376.47%
17.00
Interest Income Non Operating
57.00
-13.64%
66.00
-18.52%
81.00
+376.47%
17.00
Interest Income
57.00
-13.64%
66.00
-18.52%
81.00
+376.47%
17.00
Other Income Expense
1.00
+133.33%
-3.00
—
-8.00
Other Non Operating Income Expenses
1.00
+133.33%
-3.00
—
-8.00
Tax Provision
109.00
+14.74%
95.00
+121.64%
-439.00
-22.97%
-357.00
Tax Rate For Calcs
0.00
+13.95%
0.00
-19.25%
0.00
+1.43%
0.00
Tax Effect Of Unusual Items
0.00
0.00
0.00
0.00
Net Income Including Noncontrolling Interests
447.00
-2.19%
457.00
+128.18%
-1,622.00
-478.97%
428.00
Net Income From Continuing Operation Net Minority Interest
447.00
-2.19%
457.00
+128.18%
-1,622.00
-478.97%
428.00
Net Income From Continuing And Discontinued Operation
447.00
-2.19%
457.00
+128.18%
-1,622.00
-478.97%
428.00
Net Income Continuous Operations
447.00
-2.19%
457.00
+128.18%
-1,622.00
-478.97%
428.00
Normalized Income
447.00
-2.19%
457.00
+128.18%
-1,622.00
-478.97%
428.00
Net Income Common Stockholders
438.00
-2.23%
448.00
+127.59%
-1,624.00
-2209.09%
77.00
Diluted EPS
—
1.58
+112.71%
-12.43
-4562.84%
0.28
Basic EPS
—
1.69
+113.60%
-12.43
-4562.84%
0.28
Basic Average Shares
—
264.64
+102.61%
130.62
-52.75%
276.46
Diluted Average Shares
—
289.16
+121.38%
130.62
-52.75%
276.46
Diluted NI Availto Com Stockholders
447.00
-2.19%
457.00
+128.14%
-1,624.00
-1774.23%
97.00
Average Dilution Earnings
9.00
+0.00%
9.00
0.00
-100.00%
20.00
Preferred Stock Dividends
9.00
+0.00%
9.00
+350.00%
2.00
-99.43%
351.00
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
3,687.00
-10.40%
4,115.00
-12.95%
4,727.00
+28.84%
3,669.00
Current Assets
2,199.00
-18.46%
2,697.00
-18.40%
3,305.00
+20.62%
2,740.00
Cash Cash Equivalents And Short Term Investments
687.00
-49.82%
1,369.00
-37.37%
2,186.00
+27.54%
1,714.00
Cash And Cash Equivalents
637.00
-50.16%
1,278.00
-40.20%
2,137.00
+41.99%
1,505.00
Other Short Term Investments
50.00
-45.05%
91.00
+85.71%
49.00
-76.56%
209.00
Receivables
1,127.00
+11.14%
1,014.00
+18.87%
853.00
+1.31%
842.00
Accounts Receivable
1,127.00
+11.14%
1,014.00
+18.87%
853.00
+1.31%
842.00
Gross Accounts Receivable
1,130.00
+11.00%
1,018.00
+18.79%
857.00
+1.54%
844.00
Allowance For Doubtful Accounts Receivable
-3.00
+25.00%
-4.00
+0.00%
-4.00
-100.00%
-2.00
Restricted Cash
172.00
+13.16%
152.00
+10.95%
137.00
+82.67%
75.00
Other Current Assets
213.00
+31.48%
162.00
+25.58%
129.00
+18.35%
109.00
Total Non Current Assets
1,489.00
+5.01%
1,418.00
-0.28%
1,422.00
+53.07%
929.00
Net PPE
248.00
+12.22%
221.00
+33.13%
166.00
+110.13%
79.00
Gross PPE
375.00
+27.12%
295.00
+36.57%
216.00
+86.21%
116.00
Accumulated Depreciation
-127.00
-71.62%
-74.00
-48.00%
-50.00
-35.14%
-37.00
Properties
0.00
0.00
0.00
0.00
Machinery Furniture Equipment
330.00
+30.95%
252.00
+54.60%
163.00
+207.55%
53.00
Other Properties
30.00
+42.86%
21.00
-32.26%
31.00
-24.39%
41.00
Leases
15.00
-31.82%
22.00
+0.00%
22.00
+0.00%
22.00
Goodwill And Other Intangible Assets
464.00
+25.75%
369.00
-6.58%
395.00
-5.95%
420.00
Goodwill
393.00
+23.97%
317.00
-0.31%
318.00
+0.32%
317.00
Other Intangible Assets
71.00
+36.54%
52.00
-32.47%
77.00
-25.24%
103.00
Investments And Advances
81.00
0.00
0.00
-100.00%
28.00
Non Current Deferred Assets
664.00
-13.88%
771.00
-7.11%
830.00
+123.72%
371.00
Non Current Deferred Taxes Assets
664.00
-13.88%
771.00
-7.11%
830.00
+123.72%
371.00
Other Non Current Assets
32.00
-43.86%
57.00
+83.87%
31.00
+0.00%
31.00
Total Liabilities Net Minority Interest
1,169.00
+14.38%
1,022.00
+4.61%
977.00
-73.83%
3,733.00
Current Liabilities
917.00
+14.91%
798.00
+8.87%
733.00
-7.80%
795.00
Payables And Accrued Expenses
466.00
+14.78%
406.00
+5.73%
384.00
-23.05%
499.00
Payables
101.00
-12.93%
116.00
+8.41%
107.00
-17.69%
130.00
Accounts Payable
70.00
-12.50%
80.00
+11.11%
72.00
-18.18%
88.00
Current Accrued Expenses
365.00
+25.86%
290.00
+4.69%
277.00
-24.93%
369.00
Pensionand Other Post Retirement Benefit Plans Current
28.00
-12.50%
32.00
-15.79%
38.00
+8.57%
35.00
Total Tax Payable
31.00
-13.89%
36.00
+2.86%
35.00
-16.67%
42.00
Income Tax Payable
—
—
0.00
-100.00%
17.00
Current Debt And Capital Lease Obligation
3.00
-76.92%
13.00
+0.00%
13.00
+0.00%
13.00
Current Capital Lease Obligation
3.00
-76.92%
13.00
+0.00%
13.00
+0.00%
13.00
Current Deferred Liabilities
280.00
+9.38%
256.00
+29.95%
197.00
+10.06%
179.00
Current Deferred Revenue
258.00
+4.88%
246.00
+24.87%
197.00
+10.06%
179.00
Other Current Liabilities
68.00
+61.90%
42.00
-39.13%
69.00
+0.00%
69.00
Total Non Current Liabilities Net Minority Interest
252.00
+12.50%
224.00
-8.20%
244.00
-91.70%
2,938.00
Long Term Debt And Capital Lease Obligation
33.00
+153.85%
13.00
-51.85%
27.00
-25.00%
36.00
Long Term Capital Lease Obligation
33.00
+153.85%
13.00
-51.85%
27.00
-25.00%
36.00
Other Non Current Liabilities
23.00
-8.00%
25.00
-37.50%
40.00
-50.00%
80.00
Preferred Securities Outside Stock Equity
196.00
+5.38%
186.00
+5.08%
177.00
-93.73%
2,822.00
Stockholders Equity
2,518.00
-18.59%
3,093.00
-17.52%
3,750.00
+5959.38%
-64.00
Common Stock Equity
2,518.00
-18.59%
3,093.00
-17.52%
3,750.00
+5959.38%
-64.00
Capital Stock
0.00
0.00
0.00
0.00
Common Stock
0.00
0.00
0.00
0.00
Preferred Stock
0.00
0.00
0.00
—
Share Issued
242.87
-6.93%
260.96
-6.48%
279.05
-0.37%
280.09
Ordinary Shares Number
242.87
-6.93%
260.96
-6.48%
279.05
-0.37%
280.09
Additional Paid In Capital
7,005.00
+4.76%
6,687.00
+4.78%
6,382.00
+595.21%
918.00
Retained Earnings
-4,486.00
-25.13%
-3,585.00
-36.05%
-2,635.00
-169.70%
-977.00
Gains Losses Not Affecting Retained Earnings
-1.00
+88.89%
-9.00
-400.00%
3.00
+160.00%
-5.00
Other Equity Adjustments
-1.00
+88.89%
-9.00
-400.00%
3.00
+160.00%
-5.00
Total Equity Gross Minority Interest
2,518.00
-18.59%
3,093.00
-17.52%
3,750.00
+5959.38%
-64.00
Total Capitalization
2,518.00
-18.59%
3,093.00
-17.52%
3,750.00
+5959.38%
-64.00
Working Capital
1,282.00
-32.49%
1,899.00
-26.17%
2,572.00
+32.24%
1,945.00
Invested Capital
2,518.00
-18.59%
3,093.00
-17.52%
3,750.00
+5959.38%
-64.00
Total Debt
36.00
+38.46%
26.00
-35.00%
40.00
-18.37%
49.00
Capital Lease Obligations
36.00
+38.46%
26.00
-35.00%
40.00
-18.37%
49.00
Net Tangible Assets
2,054.00
-24.60%
2,724.00
-18.81%
3,355.00
+793.18%
-484.00
Tangible Book Value
2,054.00
-24.60%
2,724.00
-18.81%
3,355.00
+793.18%
-484.00
Available For Sale Securities
—
—
—
28.00
Current Provisions
72.00
+46.94%
49.00
+53.13%
32.00
—
Held To Maturity Securities
81.00
0.00
0.00
-100.00%
28.00
Investmentin Financial Assets
81.00
0.00
0.00
-100.00%
28.00
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
971.00
+41.34%
687.00
+17.24%
586.00
+111.55%
277.00
Cash Flow From Continuing Operating Activities
972.00
+41.48%
687.00
+17.24%
586.00
+111.55%
277.00
Net Income From Continuing Operations
447.00
-2.19%
457.00
+128.18%
-1,622.00
-478.97%
428.00
Depreciation Amortization Depletion
99.00
+47.76%
67.00
+17.54%
57.00
+21.28%
47.00
Depreciation
14.00
-26.32%
19.00
-24.00%
25.00
+13.64%
22.00
Amortization Cash Flow
85.00
+77.08%
48.00
+50.00%
32.00
+28.00%
25.00
Depreciation And Amortization
99.00
+47.76%
67.00
+17.54%
57.00
+21.28%
47.00
Amortization Of Intangibles
85.00
+77.08%
48.00
+50.00%
32.00
+28.00%
25.00
Other Non Cash Items
-3.00
-175.00%
4.00
+200.00%
-4.00
-150.00%
8.00
Stock Based Compensation
352.00
+17.33%
300.00
-89.11%
2,756.00
+8251.52%
33.00
Provisionand Write Offof Assets
15.00
-21.05%
19.00
-17.39%
23.00
+130.00%
10.00
Asset Impairment Charge
24.00
0.00
0.00
—
Deferred Tax
98.00
+66.10%
59.00
+112.85%
-459.00
-23.06%
-373.00
Deferred Income Tax
98.00
+66.10%
59.00
+112.85%
-459.00
-23.06%
-373.00
Change In Working Capital
-61.00
+72.15%
-219.00
-32.73%
-165.00
-233.06%
124.00
Change In Receivables
-121.00
+34.59%
-185.00
-460.61%
-33.00
-57.14%
-21.00
Changes In Account Receivables
-121.00
+34.59%
-185.00
-460.61%
-33.00
-57.14%
-21.00
Change In Prepaid Assets
-30.00
+48.28%
-58.00
-163.64%
-22.00
+29.03%
-31.00
Change In Payables And Accrued Expense
89.00
+78.00%
50.00
+164.10%
-78.00
-146.99%
166.00
Change In Accrued Expense
100.00
+138.10%
42.00
+167.74%
-62.00
-143.97%
141.00
Change In Payable
-11.00
-237.50%
8.00
+150.00%
-16.00
-164.00%
25.00
Change In Account Payable
-11.00
-237.50%
8.00
+150.00%
-16.00
-164.00%
25.00
Change In Other Working Capital
10.00
+150.00%
4.00
-77.78%
18.00
-25.00%
24.00
Change In Other Current Liabilities
-9.00
+70.00%
-30.00
+40.00%
-50.00
-257.14%
-14.00
Investing Cash Flow
-208.00
-94.39%
-107.00
-179.26%
135.00
+15.38%
117.00
Cash Flow From Continuing Investing Activities
-209.00
-95.33%
-107.00
-179.26%
135.00
+15.38%
117.00
Net PPE Purchase And Sale
-61.00
+4.69%
-64.00
-18.52%
-54.00
-125.00%
-24.00
Purchase Of PPE
-61.00
+4.69%
-64.00
-18.52%
-54.00
-125.00%
-24.00
Capital Expenditure
-61.00
+4.69%
-64.00
-18.52%
-54.00
-125.00%
-24.00
Net Investment Purchase And Sale
-37.00
+7.50%
-40.00
-120.94%
191.00
-19.07%
236.00
Purchase Of Investment
-280.00
-154.55%
-110.00
+0.00%
-110.00
+30.38%
-158.00
Sale Of Investment
243.00
+247.14%
70.00
-76.74%
301.00
-23.60%
394.00
Net Business Purchase And Sale
-106.00
0.00
0.00
+100.00%
-93.00
Purchase Of Business
-106.00
0.00
0.00
+100.00%
-93.00
Net Intangibles Purchase And Sale
—
—
-2.00
+0.00%
-2.00
Purchase Of Intangibles
—
—
-2.00
+0.00%
-2.00
Net Other Investing Changes
-4.00
-33.33%
-3.00
-50.00%
-2.00
+0.00%
-2.00
Financing Cash Flow
-1,391.00
+1.56%
-1,413.00
-4610.00%
-30.00
-165.22%
46.00
Cash Flow From Continuing Financing Activities
-1,390.00
+1.63%
-1,413.00
-4610.00%
-30.00
-165.22%
46.00
Net Common Stock Issuance
-1,386.00
+1.14%
-1,402.00
-484.11%
365.00
0.00
Common Stock Payments
-1,386.00
+1.14%
-1,402.00
-3794.44%
-36.00
0.00
Repurchase Of Capital Stock
-1,386.00
+1.14%
-1,402.00
-3794.44%
-36.00
0.00
Proceeds From Stock Option Exercised
8.00
-90.00%
80.00
+1233.33%
6.00
-87.76%
49.00
Net Other Financing Charges
-13.00
+85.71%
-91.00
+84.20%
-576.00
-19100.00%
-3.00
Changes In Cash
-626.00
+24.85%
-833.00
-220.55%
691.00
+57.05%
440.00
Effect Of Exchange Rate Changes
4.00
+136.36%
-11.00
-466.67%
3.00
+150.00%
-6.00
Beginning Cash Position
1,449.00
-36.81%
2,293.00
+43.40%
1,599.00
+37.25%
1,165.00
End Cash Position
827.00
-42.93%
1,449.00
-36.81%
2,293.00
+43.40%
1,599.00
Free Cash Flow
910.00
+46.07%
623.00
+17.11%
532.00
+110.28%
253.00
Income Tax Paid Supplemental Data
43.00
+230.77%
13.00
-75.93%
54.00
+1700.00%
3.00
Common Stock Issuance
0.00
0.00
-100.00%
401.00
0.00
Issuance Of Capital Stock
0.00
0.00
-100.00%
576.00
0.00
Net Preferred Stock Issuance
0.00
0.00
-100.00%
175.00
0.00
Preferred Stock Issuance
0.00
0.00
-100.00%
175.00
0.00
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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