Cash flow Instacart (Maplebear)

Equities

CART

US5653941030

Internet Services

Market Closed - Nasdaq Other stock markets 04:00:00 2026-02-06 pm EST			5-day change	1st Jan Change
34.64 ^USD	+0.84%		-6.78%	-22.99%

Jan. 30	Uber Eats Ordered to Pay $3.5 Million Over NYC Delivery Worker Pay -- Update	DJ
Jan. 30	Uber Eats Ordered to Pay $3.5 Million Over NYC Delivery Worker Pay	DJ

5eaeb0956add72ba96fdff02bc43e.vH_LRZ3PZys3Z2EQKSTTP3WmRlMYw5GgC8w7go6JJcQ.3Tb4L8WrAkNRMFVFZVSZUy_DLhUggqGYUb9c9r-wHafPR7gj_pYfYH9XJA

Published financial data: INSTACART (MAPLEBEAR)

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	1.48B	1.83B	2.55B	3.04B	3.38B
Total Revenues	1.48B	1.83B	2.55B	3.04B	3.38B
Cost of Goods Sold, Total	598M	608M	720M	764M	836M
Gross Profit	879M	1.23B	1.83B	2.28B	2.54B
Selling General & Admin Expenses, Total	760M	944M	1.25B	2.1B	1.43B
R&D Expenses	194M	368M	517M	2.3B	580M
Other Operating Expenses	-	-	-	24M	24M
Other Operating Expenses, Total	954M	1.31B	1.76B	4.42B	2.03B
Operating Income	-75M	-86M	66M	-2.15B	509M
Interest And Investment Income	5M	2M	17M	81M	66M
Net Interest Expenses	5M	2M	17M	81M	66M
Currency Exchange Gains (Loss)	-	-	-8M	-	-3M
Other Non Operating Income (Expenses)	-	1M	-	-	-
EBT, Excl. Unusual Items	-70M	-83M	75M	-2.06B	572M
Restructuring Charges	-	-	-	-	-18M
Merger & Related Restructuring Charges	-	-	-4M	4M	-2M
Legal Settlements	-	11M	-	-	-
EBT, Incl. Unusual Items	-70M	-72M	71M	-2.06B	552M
Income Tax Expense	-	1M	-357M	-439M	95M
Earnings From Continuing Operations	-70M	-73M	428M	-1.62B	457M
Net Income to Company	-70M	-73M	428M	-1.62B	457M
Net Income - (IS)	-70M	-73M	428M	-1.62B	457M
Preferred Dividend and Other Adjustments	-	-	351M	2M	9M
Net Income to Common Incl Extra Items	-70M	-73M	77M	-1.62B	448M
Net Income to Common Excl. Extra Items	-70M	-73M	77M	-1.62B	448M
Per Share Items
Net EPS - Basic	-1.21	-1.11	1.07	-12.43	1.69
Basic EPS - Continuing Operations	-1.21	-1.11	1.07	-12.43	1.69
Basic Weighted Average Shares Outstanding	57.93M	65.87M	71.85M	131M	265M
Net EPS - Diluted	-1.21	-1.11	0.96	-12.43	1.58
Diluted EPS - Continuing Operations	-1.21	-1.11	0.96	-12.43	1.58
Diluted Weighted Average Shares Outstanding	57.93M	65.87M	101M	131M	289M
Normalized Basic EPS	-0.76	-0.79	0.65	-9.88	1.35
Normalized Diluted EPS	-0.76	-0.79	0.46	-9.88	1.24
Supplemental Items
EBITDA	-68M	-73M	96M	-2.11B	543M
EBITA	-73M	-79M	87M	-2.12B	535M
EBIT	-75M	-86M	66M	-2.15B	509M
EBITDAR	-53M	-59M	111M	-2.09B	560M
Effective Tax Rate - (Ratio)	-	-1.39	-502.82	21.3	17.21
Current Domestic Taxes	1M	1M	15M	17M	30M
Current Foreign Taxes	1M	2M	1M	3M	6M
Total Current Taxes	2M	3M	16M	20M	36M
Deferred Domestic Taxes	-	-2M	-373M	-459M	59M
Deferred Foreign Taxes	-2M	-	-	-	-
Total Deferred Taxes	-2M	-2M	-373M	-459M	59M
Normalized Net Income	-43.75M	-51.88M	46.88M	-1.29B	358M
Supplemental Operating Expense Items
Advertising Expense	-	-	426M	388M	457M
Selling and Marketing Expenses	158M	394M	662M	963M	801M
General and Administrative Expenses	278M	288M	334M	797M	354M
Research And Development Expense From Footnotes	194M	368M	518M	2.31B	604M
Net Rental Expense, Total	15M	14M	15M	19M	17M
Stock-Based Comp., COGS (Total)	-	-	-	18M	8M
Stock-Based Comp., R&D Exp. (Total)	20M	9M	18M	1.8B	144M
Stock-Based Comp., S&M Exp. (Total)	5M	3M	4M	316M	62M
Stock-Based Comp., G&A Exp. (Total)	36M	9M	11M	532M	73M
Stock-Based Comp., SG&A Exp. (Total)	3M	1M	-	90M	13M
Total Stock-Based Compensation	64M	22M	33M	2.76B	300M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	1.22B	1.15B	1.5B	2.14B	1.28B
Short Term Investments	208M	348M	209M	49M	91M
Total Cash And Short Term Investments	1.42B	1.49B	1.71B	2.19B	1.37B
Accounts Receivable, Total	520M	832M	842M	853M	1.01B
Total Receivables	520M	832M	842M	853M	1.01B
Prepaid Expenses	26M	68M	109M	129M	162M
Restricted Cash	1M	1M	75M	137M	152M
Total Current Assets	1.97B	2.4B	2.74B	3.3B	2.7B
Gross Property Plant And Equipment	90M	98M	116M	216M	295M
Accumulated Depreciation	-17M	-25M	-37M	-50M	-74M
Net Property Plant And Equipment	73M	73M	79M	166M	221M
Long-term Investments	14M	128M	28M	-	-
Goodwill	11M	263M	317M	318M	317M
Other Intangibles, Total	7M	68M	103M	77M	52M
Deferred Tax Assets Long-Term	-	-	371M	830M	771M
Other Long-Term Assets, Total	19M	34M	31M	31M	57M
Total Assets	2.1B	2.96B	3.67B	4.73B	4.12B
Liabilities
Accounts Payable, Total	23M	60M	88M	72M	80M
Accrued Expenses, Total	158M	224M	265M	291M	350M
Current Portion of Leases	11M	11M	13M	13M	13M
Current Income Taxes Payable	-	-	17M	-	-
Unearned Revenue Current, Total	101M	148M	179M	197M	200M
Other Current Liabilities	114M	149M	233M	160M	155M
Total Current Liabilities	407M	592M	795M	733M	798M
Long-Term Leases	51M	43M	36M	27M	13M
Other Non Current Liabilities	62M	77M	80M	40M	25M
Total Liabilities	520M	712M	911M	800M	836M
Preferred Stock Convertible	2.56B	2.82B	2.82B	177M	186M
Total Preferred Equity	2.56B	2.82B	2.82B	177M	186M
Additional Paid In Capital	351M	833M	918M	6.38B	6.69B
Retained Earnings	-1.33B	-1.4B	-977M	-2.64B	-3.58B
Comprehensive Income and Other	-	-1M	-5M	3M	-9M
Total Common Equity	-981M	-573M	-64M	3.75B	3.09B
Total Equity	1.58B	2.25B	2.76B	3.93B	3.28B
Total Liabilities And Equity	2.1B	2.96B	3.67B	4.73B	4.12B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	57.93M	68.84M	71.4M	266M	265M
ECS Total Common Shares Outstanding	57.93M	68.84M	71.4M	279M	261M
Book Value / Share	-16.93	-8.32	-0.9	13.44	11.85
Tangible Book Value	-999M	-904M	-484M	3.36B	2.72B
Tangible Book Value Per Share	-17.25	-13.13	-6.78	12.02	10.44
Total Debt	62M	54M	49M	40M	26M
Net Debt	-1.38B	-1.57B	-1.69B	-2.15B	-1.34B
Debt Equivalent Oper. Leases	120M	112M	120M	152M	136M
Account Code - Inventory Valuation	-	3	3	3	3
Machinery, Total	10M	18M	28M	28M	26M
Full Time Employees	-	3.48K	-	3.38K	3.26K
Accumulated Allowance for Doubtful Accounts (Supple)	2M	2M	2M	4M	4M

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	-70M	-73M	428M	-1.62B	457M
Depreciation & Amortization - CF	15M	17M	22M	25M	19M
Amortization of Goodwill and Intangible Assets - (CF)	2M	7M	21M	27M	26M
Depreciation & Amortization, Total	17M	24M	43M	52M	45M
Amortization of Deferred Charges, Total - (CF)	3M	3M	4M	5M	22M
Stock-Based Compensation (CF)	64M	22M	33M	2.76B	300M
Provision and Write-off of Bad Debts	9M	7M	10M	23M	19M
Other Operating Activities, Total	27M	5M	-365M	-463M	63M
Change In Accounts Receivable	-405M	-318M	-21M	-33M	-185M
Change In Accounts Payable	8M	36M	25M	-16M	8M
Change in Unearned Revenues	57M	47M	24M	18M	4M
Change in Other Net Operating Assets	199M	43M	96M	-134M	-46M
Cash from Operations	-91M	-204M	277M	586M	687M
Capital Expenditure	-7M	-13M	-24M	-54M	-64M
Cash Acquisitions	-	-54M	-93M	-	-
Sale (Purchase) of Intangible assets	-	-9M	-2M	-2M	-
Investment in Marketable and Equity Securities, Total	308M	-254M	236M	191M	-40M
Other Investing Activities, Total	-	-	-	-	-3M
Cash from Investing	301M	-330M	117M	135M	-107M
Short Term Debt Issued, Total	-	-	-	-	10M
Total Debt Issued	-	-	-	-	10M
Issuance of Common Stock	46M	199M	35M	407M	80M
Repurchase of Common Stock	-	-	-	-606M	-1.5B
Issuance of Preferred Stock	625M	265M	-	175M	-
Other Financing Activities, Total	-	-	11M	-6M	-
Cash from Financing	671M	464M	46M	-30M	-1.41B
Foreign Exchange Rate Adjustments	1M	-1M	-6M	3M	-11M
Net Change in Cash	882M	-71M	434M	694M	-844M
Supplemental Items
Cash Income Tax Paid (Refund)	1M	4M	3M	54M	13M
Levered Free Cash Flow	-	-196M	171M	1.26B	477M
Unlevered Free Cash Flow	-	-196M	171M	1.26B	477M
Change In Net Working Capital	-	169M	-76M	155M	144M
Net Debt Issued / Repaid	-	-	-	-	10M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	-	-2.13	1.24	-31.95	7.2
Return on Total Capital	-	-2.73	1.61	-39.6	8.75
Return On Equity %	-	-3.82	17.1	-48.53	12.68
Return on Common Equity	-	9.4	-24.18	-88.12	13.09
Margin Analysis
Gross Profit Margin %	59.51	66.85	71.78	74.88	75.25
SG&A Margin	51.46	51.47	48.92	69.1	42.3
EBITDA Margin %	-4.6	-3.98	3.76	-69.3	16.07
EBITA Margin %	-4.94	-4.31	3.41	-69.66	15.84
EBIT Margin %	-5.08	-4.69	2.59	-70.55	15.07
Income From Continuing Operations Margin %	-4.74	-3.98	16.78	-53.32	13.53
Net Income Margin %	-4.74	-3.98	16.78	-53.32	13.53
Net Avail. For Common Margin %	-4.74	-3.98	3.02	-53.39	13.26
Normalized Net Income Margin	-2.96	-2.83	1.84	-42.43	10.58
Levered Free Cash Flow Margin	-	-10.67	6.71	41.44	14.12
Unlevered Free Cash Flow Margin	-	-10.67	6.71	41.44	14.12
Asset Turnover
Asset Turnover	-	0.73	0.77	0.72	0.76
Fixed Assets Turnover	-	25.12	33.57	24.83	17.46
Receivables Turnover (Average Receivables)	-	2.71	3.05	3.59	3.62
Short Term Liquidity
Current Ratio	4.85	4.05	3.45	4.51	3.38
Quick Ratio	4.78	3.93	3.22	4.15	2.99
Operating Cash Flow to Current Liabilities	-0.22	-0.34	0.35	0.8	0.86
Days Sales Outstanding (Average Receivables)	-	134.54	119.76	101.69	101.14
Average Days Payable Outstanding	-	24.91	37.51	38.22	33.27
Long Term Solvency
Total Debt/Equity	3.93	2.4	1.78	1.02	0.79
Total Debt / Total Capital	3.79	2.34	1.75	1.01	0.79
LT Debt/Equity	3.24	1.91	1.31	0.69	0.4
Long-Term Debt / Total Capital	3.11	1.87	1.28	0.68	0.39
Total Liabilities / Total Assets	24.81	24.05	24.83	16.92	20.32
Total Debt / EBITDA	-1.17	-0.92	0.44	-0.02	0.05
Net Debt / EBITDA	25.98	26.58	-15.25	1.03	-2.4
Total Debt / (EBITDA - Capex)	-1.03	-0.75	0.56	-0.02	0.05
Net Debt / (EBITDA - Capex)	22.95	21.78	-19.46	1	-2.71
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	590.19	24.17	39.09	19.25	11.05
Gross Profit, 1 Yr. Growth %	-4.98K	39.48	49.35	24.41	11.59
EBITDA, 1 Yr. Growth %	-87.66	7.35	-252.38	-2.3K	-125.76
EBITA, 1 Yr. Growth %	-86.82	8.22	-226.09	-2.54K	-125.25
EBIT, 1 Yr. Growth %	-86.51	14.67	-186.84	-3.35K	-123.72
Earnings From Cont. Operations, 1 Yr. Growth %	-86.82	4.29	-686.3	-478.97	-128.18
Net Income, 1 Yr. Growth %	-86.82	4.29	-686.3	-478.97	-128.18
Normalized Net Income, 1 Yr. Growth %	-86.82	18.57	-202.74	-2.85K	-127.7
Diluted EPS Before Extra, 1 Yr. Growth %	-87.55	-8.29	-185.34	-1.4K	-112.71
Accounts Receivable, 1 Yr. Growth %	-	60	1.2	1.31	18.87
Net Property, Plant and Equip., 1 Yr. Growth %	-	0	8.22	110.13	33.13
Total Assets, 1 Yr. Growth %	-	41.27	23.91	28.84	-12.95
Tangible Book Value, 1 Yr. Growth %	-	-9.51	-46.46	-793.18	-18.81
Common Equity, 1 Yr. Growth %	-	-41.59	-88.83	-5.96K	-17.52
Cash From Operations, 1 Yr. Growth %	-81.47	124.18	-235.78	111.55	17.24
Capital Expenditures, 1 Yr. Growth %	-56.25	85.71	84.62	125	18.52
Levered Free Cash Flow, 1 Yr. Growth %	-	-	-190.37	636.2	-62.22
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-	-190.37	636.2	-62.22
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	192.75	31.42	28.79	15.07
Gross Profit, 2 Yr. CAGR %	-	725.29	44.33	36.31	17.83
EBITDA, 2 Yr. CAGR %	-	-63.6	19.7	492.73	137.83
EBITA, 2 Yr. CAGR %	-	-62.24	9.92	466.62	147.98
EBIT, 2 Yr. CAGR %	-	-60.67	-5.56	442.19	177.71
Earnings From Cont. Operations, 2 Yr. CAGR %	-	-62.92	147.27	371.37	3.33
Net Income, 2 Yr. CAGR %	-	-62.92	147.27	371.37	3.33
Normalized Net Income, 2 Yr. CAGR %	-	-60.46	4.26	443.14	176.16
Diluted EPS Before Extra, 2 Yr. CAGR %	-	-66.21	-11.12	233.19	28.59
Accounts Receivable, 2 Yr. CAGR %	-	-	27.25	1.25	9.74
Net Property, Plant and Equip., 2 Yr. CAGR %	-	-	4.03	50.8	67.26
Total Assets, 2 Yr. CAGR %	-	-	32.31	26.35	5.9
Tangible Book Value, 2 Yr. CAGR %	-	-	-30.4	92.65	137.24
Common Equity, 2 Yr. CAGR %	-	-	-74.46	155.82	595.18
Cash From Operations, 2 Yr. CAGR %	-	-35.54	74.47	69.49	57.48
Capital Expenditures, 2 Yr. CAGR %	-	-9.86	85.16	103.81	63.3
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	-	159.22	65.95
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	-	159.22	65.95
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	128.44	27.23	22.58
Gross Profit, 3 Yr. CAGR %	-	-	366.81	37.36	27.52
EBITDA, 3 Yr. CAGR %	-	-	-44.15	215.69	108.39
EBITA, 3 Yr. CAGR %	-	-	-46.05	208.74	100.88
EBIT, 3 Yr. CAGR %	-	-	-50.85	207.23	91.04
Earnings From Cont. Operations, 3 Yr. CAGR %	-	-	-6.94	185.09	84.3
Net Income, 3 Yr. CAGR %	-	-	-6.94	185.09	84.3
Normalized Net Income, 3 Yr. CAGR %	-	-	-47.92	210.47	101.42
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-	-53.82	117.4	12.16
Accounts Receivable, 3 Yr. CAGR %	-	-	-	17.94	6.82
Net Property, Plant and Equip., 3 Yr. CAGR %	-	-	-	31.5	44.66
Total Assets, 3 Yr. CAGR %	-	-	-	31.14	11.59
Tangible Book Value, 3 Yr. CAGR %	-	-	-	49.75	44.44
Common Equity, 3 Yr. CAGR %	-	-	-	56.36	75.42
Cash From Operations, 3 Yr. CAGR %	-	-	-17.37	86.05	49.89
Capital Expenditures, 3 Yr. CAGR %	-	-	14.47	97.59	70.12
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	-	-	36.49
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	-	-	36.49
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	-	-	73.64
Gross Profit, 5 Yr. CAGR %	-	-	-	-	169.14
EBITDA, 5 Yr. CAGR %	-	-	-	-	-0.29
EBITA, 5 Yr. CAGR %	-	-	-	-	-0.7
EBIT, 5 Yr. CAGR %	-	-	-	-	-1.75
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	-	-	-2.96
Net Income, 5 Yr. CAGR %	-	-	-	-	-2.96
Normalized Net Income, 5 Yr. CAGR %	-	-	-	-	1.5
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	-	-	-30.44
Cash From Operations, 5 Yr. CAGR %	-	-	-	-	6.95
Capital Expenditures, 5 Yr. CAGR %	-	-	-	-	31.95