Income Statement Instacart (Maplebear)

Equities

CART

US5653941030

Internet Services

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14/05	Instacart Brings Ace Hardware to its Online Marketplace	MT
13/05	Instacart Introduces New Advertising Tools for Retail Partners	MT

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Published financial data: INSTACART (MAPLEBEAR)

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	183.4Cr	255.1Cr	304.2Cr	337.8Cr	374.2Cr
Total Revenues	183.4Cr	255.1Cr	304.2Cr	337.8Cr	374.2Cr
Cost of Goods Sold, Total	61Cr	72Cr	76Cr	84Cr	98Cr
Gross Profit	122.6Cr	183.1Cr	227.8Cr	254.2Cr	275.8Cr
Selling General & Admin Expenses, Total	94Cr	124.8Cr	210.2Cr	142.9Cr	159.7Cr
R&D Expenses	37Cr	52Cr	229.8Cr	58Cr	64Cr
Other Operating Expenses	-	-	2.4Cr	2.4Cr	2.3Cr
Other Operating Expenses, Total	131.2Cr	176.5Cr	442.4Cr	203.3Cr	225.8Cr
Operating Income	-8.6Cr	6.6Cr	-214.6Cr	51Cr	50Cr
Interest And Investment Income	20L	1.7Cr	8.1Cr	6.6Cr	5.7Cr
Net Interest Expenses	20L	1.7Cr	8.1Cr	6.6Cr	5.7Cr
Currency Exchange Gains (Loss)	-	-80L	-	-30L	10L
Other Non Operating Income (Expenses)	10L	-	-	-	-
EBT, Excl. Unusual Items	-8.3Cr	7.5Cr	-206.5Cr	57Cr	56Cr
Restructuring Charges	-	-	-	-1.8Cr	-
Merger & Related Restructuring Charges	-	-40L	40L	-20L	-20L
Legal Settlements	1.1Cr	-	-	-	-
EBT, Incl. Unusual Items	-7.2Cr	7.1Cr	-206.1Cr	55Cr	56Cr
Income Tax Expense	10L	-36Cr	-44Cr	9.5Cr	11Cr
Earnings From Continuing Operations	-7.3Cr	43Cr	-162.2Cr	46Cr	45Cr
Net Income to Company	-7.3Cr	43Cr	-162.2Cr	46Cr	45Cr
Net Income - (IS)	-7.3Cr	43Cr	-162.2Cr	46Cr	45Cr
Preferred Dividend and Other Adjustments	-	35Cr	20L	90L	90L
Net Income to Common Incl Extra Items	-7.3Cr	7.7Cr	-162.4Cr	45Cr	44Cr
Net Income to Common Excl. Extra Items	-7.3Cr	7.7Cr	-162.4Cr	45Cr	44Cr
Per Share Items
Net EPS - Basic	-1.11	1.07	-12.43	1.69	1.68
Basic EPS - Continuing Operations	-1.11	1.07	-12.43	1.69	1.68
Basic Weighted Average Shares Outstanding	6.59Cr	7.19Cr	13Cr	26Cr	26Cr
Net EPS - Diluted	-1.11	0.96	-12.43	1.58	1.6
Diluted EPS - Continuing Operations	-1.11	0.96	-12.43	1.58	1.6
Diluted Weighted Average Shares Outstanding	6.59Cr	10Cr	13Cr	29Cr	28Cr
Normalized Basic EPS	-0.79	0.65	-9.88	1.35	1.33
Normalized Diluted EPS	-0.79	0.46	-9.88	1.24	1.25
Supplemental Items
EBITDA	-7.3Cr	9.6Cr	-210.8Cr	54Cr	53Cr
EBITA	-7.9Cr	8.7Cr	-211.9Cr	54Cr	52Cr
EBIT	-8.6Cr	6.6Cr	-214.6Cr	51Cr	50Cr
EBITDAR	-5.9Cr	11Cr	-208.9Cr	56Cr	54Cr
Effective Tax Rate - (Ratio)	-1.39	-502.82	21.3	17.21	19.6
Current Domestic Taxes	10L	1.5Cr	1.7Cr	3Cr	90L
Current Foreign Taxes	20L	10L	30L	60L	10L
Total Current Taxes	30L	1.6Cr	2Cr	3.6Cr	1Cr
Deferred Domestic Taxes	-20L	-37Cr	-46Cr	5.9Cr	9.8Cr
Deferred Foreign Taxes	-	-	-	-	10L
Total Deferred Taxes	-20L	-37Cr	-46Cr	5.9Cr	9.9Cr
Normalized Net Income	-5.19Cr	4.69Cr	-129.06Cr	36Cr	35Cr
Supplemental Operating Expense Items
Advertising Expense	-	43Cr	39Cr	46Cr	48Cr
Selling and Marketing Expenses	39Cr	66Cr	96Cr	80Cr	85Cr
General and Administrative Expenses	29Cr	33Cr	80Cr	35Cr	47Cr
Research And Development Expense From Footnotes	37Cr	52Cr	231.2Cr	60Cr	65Cr
Net Rental Expense, Total	1.4Cr	1.5Cr	1.9Cr	1.7Cr	1.2Cr
Stock-Based Comp., COGS (Total)	-	-	1.8Cr	80L	90L
Stock-Based Comp., R&D Exp. (Total)	90L	1.8Cr	180Cr	14Cr	20Cr
Stock-Based Comp., S&M Exp. (Total)	30L	40L	32Cr	6.2Cr	5.9Cr
Stock-Based Comp., G&A Exp. (Total)	90L	1.1Cr	53Cr	7.3Cr	6.6Cr
Stock-Based Comp., SG&A Exp. (Total)	10L	-	9Cr	1.3Cr	1.4Cr
Total Stock-Based Compensation	2.2Cr	3.3Cr	275.6Cr	30Cr	35Cr

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	114.6Cr	150.5Cr	213.7Cr	127.8Cr	64Cr
Short Term Investments	35Cr	21Cr	4.9Cr	9.1Cr	5Cr
Total Cash And Short Term Investments	149.4Cr	171.4Cr	218.6Cr	136.9Cr	69Cr
Accounts Receivable, Total	83Cr	84Cr	85Cr	101.4Cr	112.7Cr
Total Receivables	83Cr	84Cr	85Cr	101.4Cr	112.7Cr
Prepaid Expenses	6.8Cr	11Cr	13Cr	16Cr	21Cr
Restricted Cash	10L	7.5Cr	14Cr	15Cr	17Cr
Total Current Assets	239.5Cr	274Cr	330.5Cr	269.7Cr	219.9Cr
Gross Property Plant And Equipment	9.8Cr	12Cr	22Cr	30Cr	38Cr
Accumulated Depreciation	-2.5Cr	-3.7Cr	-5Cr	-7.4Cr	-13Cr
Net Property Plant And Equipment	7.3Cr	7.9Cr	17Cr	22Cr	25Cr
Long-term Investments	13Cr	2.8Cr	-	-	8.1Cr
Goodwill	26Cr	32Cr	32Cr	32Cr	39Cr
Other Intangibles, Total	6.8Cr	10Cr	7.7Cr	5.2Cr	7.1Cr
Deferred Tax Assets Long-Term	-	37Cr	83Cr	77Cr	66Cr
Other Long-Term Assets, Total	3.4Cr	3.1Cr	3.1Cr	5.7Cr	3.1Cr
Total Assets	296.1Cr	366.9Cr	472.7Cr	411.5Cr	368.7Cr
Liabilities
Accounts Payable, Total	6Cr	8.8Cr	7.2Cr	8Cr	7Cr
Accrued Expenses, Total	22Cr	26Cr	29Cr	35Cr	34Cr
Current Portion of Leases	1.1Cr	1.3Cr	1.3Cr	1.3Cr	30L
Current Income Taxes Payable	-	1.7Cr	-	-	-
Unearned Revenue Current, Total	15Cr	18Cr	20Cr	20Cr	21Cr
Other Current Liabilities	15Cr	23Cr	16Cr	16Cr	30Cr
Total Current Liabilities	59Cr	80Cr	73Cr	80Cr	92Cr
Long-Term Leases	4.3Cr	3.6Cr	2.7Cr	1.3Cr	3.3Cr
Other Non Current Liabilities	7.7Cr	8Cr	4Cr	2.5Cr	2.3Cr
Total Liabilities	71Cr	91Cr	80Cr	84Cr	97Cr
Preferred Stock Convertible	282.2Cr	282.2Cr	18Cr	19Cr	20Cr
Total Preferred Equity	282.2Cr	282.2Cr	18Cr	19Cr	20Cr
Additional Paid In Capital	83Cr	92Cr	638.2Cr	668.7Cr	700.5Cr
Retained Earnings	-140.5Cr	-98Cr	-263.5Cr	-358.5Cr	-448.6Cr
Comprehensive Income and Other	-10L	-50L	30L	-90L	-10L
Total Common Equity	-57Cr	-6.4Cr	375Cr	309.3Cr	251.8Cr
Total Equity	224.9Cr	275.8Cr	392.7Cr	327.9Cr	271.4Cr
Total Liabilities And Equity	296.1Cr	366.9Cr	472.7Cr	411.5Cr	368.7Cr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	6.88Cr	7.14Cr	27Cr	26Cr	24Cr
ECS Total Common Shares Outstanding	6.88Cr	7.14Cr	28Cr	26Cr	24Cr
Book Value / Share	-8.32	-0.9	13.44	11.85	10.37
Tangible Book Value	-90Cr	-48Cr	335.5Cr	272.4Cr	205.4Cr
Tangible Book Value Per Share	-13.13	-6.78	12.02	10.44	8.46
Total Debt	5.4Cr	4.9Cr	4Cr	2.6Cr	3.6Cr
Net Debt	-156.8Cr	-169.3Cr	-214.6Cr	-134.3Cr	-73Cr
Debt Equivalent Oper. Leases	11Cr	12Cr	15Cr	14Cr	9.6Cr
Account Code - Inventory Valuation	3	3	3	3	3
Machinery, Total	1.8Cr	2.8Cr	2.8Cr	2.6Cr	2.3Cr
Full Time Employees	3.48T	-	3.38T	3.26T	3.6T
Accumulated Allowance for Doubtful Accounts (Supple)	20L	20L	40L	40L	30L

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	-7.3Cr	43Cr	-162.2Cr	46Cr	45Cr
Depreciation & Amortization - CF	1.7Cr	2.2Cr	2.5Cr	1.9Cr	1.4Cr
Amortization of Goodwill and Intangible Assets - (CF)	70L	2.1Cr	2.7Cr	2.6Cr	2.5Cr
Depreciation & Amortization, Total	2.4Cr	4.3Cr	5.2Cr	4.5Cr	3.9Cr
Amortization of Deferred Charges, Total - (CF)	30L	40L	50L	2.2Cr	6Cr
Asset Writedown & Restructuring Costs	-	-	-	-	2.4Cr
Stock-Based Compensation (CF)	2.2Cr	3.3Cr	275.6Cr	30Cr	35Cr
Provision and Write-off of Bad Debts	70L	1Cr	2.3Cr	1.9Cr	1.5Cr
Other Operating Activities, Total	50L	-36Cr	-46Cr	6.3Cr	9.5Cr
Change In Accounts Receivable	-32Cr	-2.1Cr	-3.3Cr	-18Cr	-12Cr
Change In Accounts Payable	3.6Cr	2.5Cr	-1.6Cr	80L	-1.1Cr
Change in Unearned Revenues	4.7Cr	2.4Cr	1.8Cr	40L	1Cr
Change in Other Net Operating Assets	4.3Cr	9.6Cr	-13Cr	-4.6Cr	6.1Cr
Cash from Operations	-20Cr	28Cr	59Cr	69Cr	97Cr
Capital Expenditure	-1.3Cr	-2.4Cr	-5.4Cr	-6.4Cr	-6.1Cr
Cash Acquisitions	-5.4Cr	-9.3Cr	-	-	-11Cr
Sale (Purchase) of Intangible assets	-90L	-20L	-20L	-	-
Investment in Marketable and Equity Securities, Total	-25Cr	24Cr	19Cr	-4Cr	-3.7Cr
Other Investing Activities, Total	-	-	-	-30L	-40L
Cash from Investing	-33Cr	12Cr	14Cr	-11Cr	-21Cr
Short Term Debt Issued, Total	-	-	-	1Cr	1.2Cr
Total Debt Issued	-	-	-	1Cr	1.2Cr
Issuance of Common Stock	20Cr	3.5Cr	41Cr	8Cr	80L
Repurchase of Common Stock	-	-	-61Cr	-150.3Cr	-141Cr
Issuance of Preferred Stock	26Cr	-	18Cr	-	-
Other Financing Activities, Total	-	1.1Cr	-60L	-	-10L
Cash from Financing	46Cr	4.6Cr	-3Cr	-141.3Cr	-139.1Cr
Foreign Exchange Rate Adjustments	-10L	-60L	30L	-1.1Cr	40L
Miscellaneous Cash Flow Adjustments	-	-	-	-	10L
Net Change in Cash	-7.1Cr	43Cr	69Cr	-84Cr	-62Cr
Supplemental Items
Cash Income Tax Paid (Refund)	40L	30L	5.4Cr	1.3Cr	4.3Cr
Levered Free Cash Flow	-20Cr	17Cr	126.08Cr	48Cr	65Cr
Unlevered Free Cash Flow	-20Cr	17Cr	126.08Cr	48Cr	65Cr
Change In Net Working Capital	17Cr	-7.6Cr	16Cr	14Cr	5.5Cr
Net Debt Issued / Repaid	-	-	-	1Cr	1.2Cr

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	-2.13	1.24	-31.95	7.2	8.01
Return on Total Capital	-2.73	1.61	-39.6	8.75	10.32
Return On Equity %	-3.82	17.1	-48.53	12.68	14.92
Return on Common Equity	9.4	-24.18	-88.12	13.09	15.61
Margin Analysis
Gross Profit Margin %	66.85	71.78	74.88	75.25	73.7
SG&A Margin	51.47	48.92	69.1	42.3	42.68
EBITDA Margin %	-3.98	3.76	-69.3	16.07	14.19
EBITA Margin %	-4.31	3.41	-69.66	15.84	14.03
EBIT Margin %	-4.69	2.59	-70.55	15.07	13.36
Income From Continuing Operations Margin %	-3.98	16.78	-53.32	13.53	11.95
Net Income Margin %	-3.98	16.78	-53.32	13.53	11.95
Net Avail. For Common Margin %	-3.98	3.02	-53.39	13.26	11.7
Normalized Net Income Margin	-2.83	1.84	-42.43	10.58	9.32
Levered Free Cash Flow Margin	-10.67	6.71	41.44	14.12	17.3
Unlevered Free Cash Flow Margin	-10.67	6.71	41.44	14.12	17.3
Asset Turnover
Asset Turnover	0.73	0.77	0.72	0.76	0.96
Fixed Assets Turnover	25.12	33.57	24.83	17.46	15.96
Receivables Turnover (Average Receivables)	2.71	3.05	3.59	3.62	3.5
Short Term Liquidity
Current Ratio	4.05	3.45	4.51	3.38	2.4
Quick Ratio	3.93	3.22	4.15	2.99	1.98
Operating Cash Flow to Current Liabilities	-0.34	0.35	0.8	0.86	1.06
Days Sales Outstanding (Average Receivables)	134.54	119.76	101.69	101.14	104.42
Average Days Payable Outstanding	24.91	37.51	38.22	33.27	27.82
Long Term Solvency
Total Debt/Equity	2.4	1.78	1.02	0.79	1.33
Total Debt / Total Capital	2.34	1.75	1.01	0.79	1.31
LT Debt/Equity	1.91	1.31	0.69	0.4	1.22
Long-Term Debt / Total Capital	1.87	1.28	0.68	0.39	1.2
Total Liabilities / Total Assets	24.05	24.83	16.92	20.32	26.39
Total Debt / EBITDA	-0.92	0.44	-0.02	0.05	0.07
Net Debt / EBITDA	26.58	-15.25	1.03	-2.4	-1.35
Total Debt / (EBITDA - Capex)	-0.75	0.56	-0.02	0.05	0.07
Net Debt / (EBITDA - Capex)	21.78	-19.46	1	-2.71	-1.52
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	24.17	39.09	19.25	11.05	10.78
Gross Profit, 1 Yr. Growth %	39.48	49.35	24.41	11.59	8.5
EBITDA, 1 Yr. Growth %	7.35	-252.38	-2.3T	-125.76	-2.21
EBITA, 1 Yr. Growth %	8.22	-226.09	-2.54T	-125.25	-1.87
EBIT, 1 Yr. Growth %	14.67	-186.84	-3.35T	-123.72	-1.77
Earnings From Cont. Operations, 1 Yr. Growth %	4.29	-686.3	-478.97	-128.18	-2.19
Net Income, 1 Yr. Growth %	4.29	-686.3	-478.97	-128.18	-2.19
Normalized Net Income, 1 Yr. Growth %	18.57	-202.74	-2.85T	-127.7	-2.45
Diluted EPS Before Extra, 1 Yr. Growth %	-8.29	-185.34	-1.4T	-112.71	1.15
Accounts Receivable, 1 Yr. Growth %	60	1.2	1.31	18.87	11.14
Net Property, Plant and Equip., 1 Yr. Growth %	0	8.22	110.13	33.13	12.22
Total Assets, 1 Yr. Growth %	41.27	23.91	28.84	-12.95	-10.4
Tangible Book Value, 1 Yr. Growth %	-9.51	-46.46	-793.18	-18.81	-24.6
Common Equity, 1 Yr. Growth %	-41.59	-88.83	-5.96T	-17.52	-18.59
Cash From Operations, 1 Yr. Growth %	124.18	-235.78	111.55	17.24	41.34
Capital Expenditures, 1 Yr. Growth %	85.71	84.62	125	18.52	-4.69
Levered Free Cash Flow, 1 Yr. Growth %	-	-190.37	636.2	-62.22	35.71
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-190.37	636.2	-62.22	35.71
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	192.75	31.42	28.79	15.07	10.91
Gross Profit, 2 Yr. CAGR %	725.29	44.33	36.31	17.83	10.03
EBITDA, 2 Yr. CAGR %	-63.6	19.7	492.73	137.83	-49.81
EBITA, 2 Yr. CAGR %	-62.24	9.92	466.62	147.98	-50.22
EBIT, 2 Yr. CAGR %	-60.67	-5.56	442.19	177.71	-51.73
Earnings From Cont. Operations, 2 Yr. CAGR %	-62.92	147.27	371.37	3.33	-47.5
Net Income, 2 Yr. CAGR %	-62.92	147.27	371.37	3.33	-47.5
Normalized Net Income, 2 Yr. CAGR %	-60.46	4.26	443.14	176.16	-48.02
Diluted EPS Before Extra, 2 Yr. CAGR %	-66.21	-11.12	233.19	28.59	-64.14
Accounts Receivable, 2 Yr. CAGR %	-	27.25	1.25	9.74	14.94
Net Property, Plant and Equip., 2 Yr. CAGR %	-	4.03	50.8	67.26	22.23
Total Assets, 2 Yr. CAGR %	-	32.31	26.35	5.9	-11.68
Tangible Book Value, 2 Yr. CAGR %	-	-30.4	92.65	137.24	-21.76
Common Equity, 2 Yr. CAGR %	-	-74.46	155.82	595.18	-18.06
Cash From Operations, 2 Yr. CAGR %	-35.54	74.47	69.49	57.48	28.72
Capital Expenditures, 2 Yr. CAGR %	-9.86	85.16	103.81	63.3	6.28
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	159.22	65.95	-28.39
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	159.22	65.95	-28.39
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	128.44	27.23	22.58	13.62
Gross Profit, 3 Yr. CAGR %	-	366.81	37.36	27.52	14.63
EBITDA, 3 Yr. CAGR %	-	-44.15	215.69	108.39	76.85
EBITA, 3 Yr. CAGR %	-	-46.05	208.74	100.88	82.06
EBIT, 3 Yr. CAGR %	-	-50.85	207.23	91.04	96.4
Earnings From Cont. Operations, 3 Yr. CAGR %	-	-6.94	185.09	84.3	1.46
Net Income, 3 Yr. CAGR %	-	-6.94	185.09	84.3	1.46
Normalized Net Income, 3 Yr. CAGR %	-	-47.92	210.47	101.42	95.22
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-53.82	117.4	12.16	18.7
Accounts Receivable, 3 Yr. CAGR %	-	-	17.94	6.82	10.21
Net Property, Plant and Equip., 3 Yr. CAGR %	-	-	31.5	44.66	46.42
Total Assets, 3 Yr. CAGR %	-	-	31.14	11.59	0.16
Tangible Book Value, 3 Yr. CAGR %	-	-	49.75	44.44	61.9
Common Equity, 3 Yr. CAGR %	-	-	56.36	75.42	240.11
Cash From Operations, 3 Yr. CAGR %	-	-17.37	86.05	49.89	51.91
Capital Expenditures, 3 Yr. CAGR %	-	14.47	97.59	70.12	36.47
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	-	36.49	55.19
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	-	36.49	55.19
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	-	73.64	20.43
Gross Profit, 5 Yr. CAGR %	-	-	-	169.14	25.7
EBITDA, 5 Yr. CAGR %	-	-	-	-0.29	51.29
EBITA, 5 Yr. CAGR %	-	-	-	-0.7	48.79
EBIT, 5 Yr. CAGR %	-	-	-	-1.75	46.54
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	-	-2.96	44.89
Net Income, 5 Yr. CAGR %	-	-	-	-2.96	44.89
Normalized Net Income, 5 Yr. CAGR %	-	-	-	1.5	51.9
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	-	-30.44	5.73
Accounts Receivable, 5 Yr. CAGR %	-	-	-	-	16.73
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	-	-	27.71
Total Assets, 5 Yr. CAGR %	-	-	-	-	11.96
Tangible Book Value, 5 Yr. CAGR %	-	-	-	-	15.51
Common Equity, 5 Yr. CAGR %	-	-	-	-	20.75
Cash From Operations, 5 Yr. CAGR %	-	-	-	6.95	60.56
Capital Expenditures, 5 Yr. CAGR %	-	-	-	31.95	54.19