NASDAQ : CART
Maplebear Inc. — Financial statements
Consumer Discretionary · Internet Retail · United States
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Maplebear Inc. (CART) reported revenue of 4.15B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 4.15B | 3.74B | 3.38B | 3.04B | 2.55B | 1.83B |
| Cost of Revenue | 1.16B | 984.00M | 836.00M | 764.00M | 720.00M | 608.00M |
| Gross Profit | 2.99B | 2.76B | 2.54B | 2.28B | 1.83B | 1.23B |
| Selling, General & Admin | 1.64B | 1.60B | 1.42B | 2.07B | 1.25B | 934.00M |
| Research & Development | 710.00M | 638.00M | 580.00M | 2.30B | 517.00M | 365.00M |
| Other Operating Expenses | 44.00M | 23.00M | 38.00M | 59.00M | ||
| Operating Expenses | 2.39B | 2.26B | 2.03B | 4.42B | 1.76B | 1.30B |
| Operating Income | 599.00M | 500.00M | 509.00M | -2.15B | 66.00M | -73.00M |
| Interest & Investment Income | 30.00M | 57.00M | 66.00M | 81.00M | 17.00M | 2.00M |
| Currency Exchange Gain (Loss) | 1.00M | 1.00M | -3.00M | -8.00M | 1.00M | |
| EBT Excluding Unusual Items | 628.00M | 558.00M | 572.00M | -2.06B | 75.00M | -70.00M |
| Merger & Restructuring Charges | -2.00M | -2.00M | -20.00M | 4.00M | -4.00M | -10.00M |
| Legal Settlements | 11.00M | |||||
| Other Unusual Items | -3.00M | |||||
| Pretax Income | 626.00M | 556.00M | 552.00M | -2.06B | 71.00M | -72.00M |
| Income Tax Expense | 142.00M | 109.00M | 95.00M | -439.00M | -357.00M | 1.00M |
| Net Income | 484.00M | 447.00M | 457.00M | -1.62B | 428.00M | -73.00M |
| Preferred Dividends & Other Adjustments | 9.00M | 9.00M | 9.00M | 2.00M | 351.00M | |
| Net Income to Common | 475.00M | 438.00M | 448.00M | -1.62B | 77.00M | -73.00M |
| Shares Outstanding (Basic) | 240.64M | 261.35M | 264.64M | 130.62M | 71.85M | 65.87M |
| Shares Outstanding (Diluted) | 255.27M | 279.62M | 289.16M | 130.62M | 101.48M | 65.87M |
| EPS (Basic) | 1.97 | 1.68 | 1.69 | -12.43 | 1.07 | -1.11 |
| EPS (Diluted) | 1.90 | 1.60 | 1.58 | -12.43 | 0.96 | -1.12 |
| Free Cash Flow | 1.21B | 910.00M | 623.00M | 532.00M | 253.00M | -217.00M |
| Free Cash Flow Per Share | 4.74 | 3.25 | 2.15 | 4.07 | 2.49 | -3.29 |
| Gross Margin | 72.11% | 73.70% | 75.25% | 74.89% | 71.78% | 66.85% |
| Operating Margin | 14.44% | 13.36% | 15.07% | -70.55% | 2.59% | -3.98% |
| Profit Margin | 11.45% | 11.71% | 13.26% | -53.39% | 3.02% | -3.98% |
| Free Cash Flow Margin | 29.16% | 24.32% | 18.44% | 17.49% | 9.92% | -11.83% |
| EBITDA | 662.00M | 531.00M | 543.00M | -2.11B | 96.00M | -60.00M |
| EBITDA Margin | 15.96% | 14.19% | 16.07% | -69.30% | 3.76% | -3.27% |
| D&A For EBITDA | 63.00M | 31.00M | 34.00M | 38.00M | 30.00M | 13.00M |
| EBIT | 599.00M | 500.00M | 509.00M | -2.15B | 66.00M | -73.00M |
| EBIT Margin | 14.44% | 13.36% | 15.07% | -70.55% | 2.59% | -3.98% |
| Effective Tax Rate | 22.68% | 19.60% | 17.21% | |||
| Advertising Expenses | 485.00M | 457.00M | 388.00M | 426.00M | 270.00M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 830.00M | 637.00M | 1.28B | 2.14B | 1.50B | 1.15B |
| Short-Term Investments | 97.00M | 50.00M | 91.00M | 49.00M | 209.00M | 348.00M |
| Cash & Short-Term Investments | 927.00M | 687.00M | 1.37B | 2.19B | 1.71B | 1.49B |
| Receivables | 1.05B | 1.13B | 1.01B | 853.00M | 842.00M | 832.00M |
| Prepaid Expenses | 144.00M | 213.00M | 162.00M | 129.00M | 109.00M | 68.00M |
| Restricted Cash | 93.00M | 172.00M | 152.00M | 137.00M | 75.00M | 1.00M |
| Total Current Assets | 2.22B | 2.20B | 2.70B | 3.31B | 2.74B | 2.40B |
| Property, Plant & Equipment | 239.00M | 248.00M | 221.00M | 166.00M | 79.00M | 73.00M |
| Long-Term Investments | 8.00M | 81.00M | 28.00M | 128.00M | ||
| Goodwill | 428.00M | 393.00M | 317.00M | 318.00M | 317.00M | 263.00M |
| Other Intangible Assets | 75.00M | 71.00M | 52.00M | 77.00M | 103.00M | 68.00M |
| Long-Term Deferred Tax Assets | 564.00M | 664.00M | 771.00M | 830.00M | 371.00M | |
| Other Long-Term Assets | 47.00M | 31.00M | 57.00M | 31.00M | 31.00M | 34.00M |
| Total Assets | 3.58B | 3.69B | 4.12B | 4.73B | 3.67B | 2.96B |
| Accounts Payable | 81.00M | 70.00M | 80.00M | 72.00M | 88.00M | 60.00M |
| Accrued Expenses | 641.00M | 338.00M | 350.00M | 323.00M | 265.00M | 224.00M |
| Current Portion of Leases | 4.00M | 3.00M | 13.00M | 13.00M | 13.00M | 11.00M |
| Current Income Taxes Payable | 17.00M | 2.00M | ||||
| Current Unearned Revenue | 221.00M | 211.00M | 200.00M | 197.00M | 179.00M | 148.00M |
| Other Current Liabilities | 295.00M | 155.00M | 128.00M | 233.00M | 147.00M | |
| Total Current Liabilities | 947.00M | 917.00M | 798.00M | 733.00M | 795.00M | 592.00M |
| Long-Term Leases | 30.00M | 33.00M | 13.00M | 27.00M | 36.00M | 43.00M |
| Other Long-Term Liabilities | 33.00M | 23.00M | 25.00M | 40.00M | 80.00M | 77.00M |
| Total Liabilities | 1.01B | 973.00M | 836.00M | 800.00M | 911.00M | 712.00M |
| Additional Paid-In Capital | 7.62B | 7.00B | 6.69B | 6.38B | 918.00M | 833.00M |
| Retained Earnings | -5.04B | -4.49B | -3.58B | -2.63B | -977.00M | -1.41B |
| Comprehensive Income & Other | -7.00M | -1.00M | -9.00M | 3.00M | -5.00M | -1.00M |
| Total Common Equity | 2.57B | 2.52B | 3.09B | 3.75B | -64.00M | -573.00M |
| Shareholders' Equity | 2.57B | 2.71B | 3.28B | 3.93B | 2.76B | 2.25B |
| Total Liabilities & Equity | 3.58B | 3.69B | 4.12B | 4.73B | 3.67B | 2.96B |
| Total Debt | 34.00M | 36.00M | 26.00M | 40.00M | 49.00M | 54.00M |
| Net Cash (Debt) | 901.00M | 732.00M | 1.34B | 2.15B | 1.69B | 1.57B |
| Net Cash Per Share | 3.53 | 2.62 | 4.64 | 16.43 | 16.68 | 23.80 |
| Filing Date Shares Outstanding | 232.96M | 240.62M | 264.64M | 266.50M | 71.40M | 68.84M |
| Total Common Shares Outstanding | 232.96M | 242.87M | 260.96M | 279.05M | 71.40M | 68.84M |
| Working Capital | 1.27B | 1.28B | 1.90B | 2.57B | 1.95B | 1.80B |
| Book Value Per Share | 11.02 | 10.37 | 11.85 | 13.44 | -0.90 | -8.32 |
| Tangible Book Value | 2.06B | 2.05B | 2.72B | 3.35B | -484.00M | -904.00M |
| Tangible Book Value Per Share | 8.86 | 8.46 | 10.44 | 12.02 | -6.78 | -13.13 |
| Machinery | 23.00M | 26.00M | 28.00M | 28.00M | 18.00M | |
| Leasehold Improvements | 15.00M | 22.00M | 22.00M | 22.00M | 18.00M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 484.00M | 447.00M | 457.00M | -1.62B | 428.00M | -73.00M |
| Depreciation & Amortization | 68.00M | 39.00M | 45.00M | 52.00M | 43.00M | 24.00M |
| Other Amortization | 60.00M | 60.00M | 22.00M | 5.00M | 4.00M | 3.00M |
| Asset Writedown & Restructuring Costs | 10.00M | 24.00M | ||||
| Stock-Based Compensation | 440.00M | 352.00M | 300.00M | 2.76B | 33.00M | 22.00M |
| Provision & Write-off of Bad Debts | 11.00M | 15.00M | 19.00M | 23.00M | 10.00M | 7.00M |
| Other Operating Activities | 131.00M | 95.00M | 63.00M | -463.00M | -365.00M | 5.00M |
| Change in Accounts Receivable | -21.00M | -121.00M | -185.00M | -33.00M | -21.00M | -318.00M |
| Change in Accounts Payable | 3.00M | -11.00M | 8.00M | -16.00M | 25.00M | 36.00M |
| Change in Unearned Revenue | 1.00M | 10.00M | 4.00M | 18.00M | 24.00M | 47.00M |
| Change in Other Net Operating Assets | 81.00M | 61.00M | -46.00M | -134.00M | 96.00M | 43.00M |
| Operating Cash Flow | 1.27B | 971.00M | 687.00M | 586.00M | 277.00M | -204.00M |
| Capital Expenditures | -58.00M | -61.00M | -64.00M | -54.00M | -24.00M | -13.00M |
| Cash Acquisitions | -59.00M | -106.00M | -93.00M | -54.00M | ||
| Sale (Purchase) of Intangibles | -9.00M | |||||
| Investment in Securities | -3.00M | -37.00M | -40.00M | 191.00M | 236.00M | -254.00M |
| Other Investing Activities | -14.00M | -4.00M | -3.00M | -2.00M | -2.00M | |
| Investing Cash Flow | -134.00M | -208.00M | -107.00M | 135.00M | 117.00M | -330.00M |
| Short-Term Debt Issued | 12.00M | 10.00M | ||||
| Total Debt Issued | 2.00M | 12.00M | 10.00M | |||
| Net Debt Issued (Repaid) | 2.00M | 12.00M | 10.00M | |||
| Issuance of Common Stock | 6.00M | 8.00M | 80.00M | 407.00M | 35.00M | 199.00M |
| Repurchase of Common Stock | -2.05B | -1.41B | -1.50B | -606.00M | ||
| Other Financing Activities | -2.00M | -1.00M | -6.00M | 11.00M | ||
| Financing Cash Flow | -2.04B | -1.39B | -1.41B | -30.00M | 46.00M | 464.00M |
| Foreign Exchange Rate Adjustments | -2.00M | 4.00M | -11.00M | 3.00M | -6.00M | -1.00M |
| Miscellaneous Cash Flow Adjustments | 1.00M | 1.00M | ||||
| Net Cash Flow | -911.00M | -623.00M | -844.00M | 694.00M | 434.00M | -71.00M |
| Free Cash Flow | 1.21B | 910.00M | 623.00M | 532.00M | 253.00M | -217.00M |
| Free Cash Flow Margin | 29.16% | 24.32% | 18.44% | 17.49% | 9.92% | -11.83% |
| Free Cash Flow Per Share | 4.74 | 3.25 | 2.15 | 4.07 | 2.49 | -3.29 |
| Levered Free Cash Flow | 1.01B | 647.50M | 477.12M | 1.26B | 173.25M | -187.62M |
| Unlevered Free Cash Flow | 1.01B | 647.50M | 477.12M | 1.26B | 173.25M | -187.62M |
| Cash Income Tax Paid | 43.00M | 43.00M | 13.00M | 54.00M | 3.00M | 4.00M |
| Change in Working Capital | 64.00M | -61.00M | -219.00M | -165.00M | 124.00M | -192.00M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 13.33B | 11.81B | 10.64B | 6.58B | ||
| Enterprise Value | 12.43B | 10.25B | 9.54B | 4.73B | ||
| Last Close Price | 57.59 | 44.98 | 41.42 | 23.47 | ||
| PE Ratio | 30.37 | 26.96 | 23.75 | |||
| Forward PE | 21.04 | 20.90 | 27.34 | 175.63 | ||
| PS Ratio | 3.21 | 3.16 | 3.15 | 2.16 | ||
| PB Ratio | 5.23 | 4.35 | 3.25 | 1.68 | ||
| P/TBV Ratio | 6.46 | 5.75 | 3.91 | 1.96 | ||
| P/FCF Ratio | 11.02 | 12.98 | 17.08 | 12.36 | ||
| P/OCF Ratio | 10.51 | 12.16 | 15.49 | 11.22 | ||
| PEG Ratio | 0.84 | 1.33 | 1.14 | |||
| EV/Sales Ratio | 3.00 | 2.74 | 2.83 | 1.55 | ||
| EV/EBITDA Ratio | 18.78 | 19.30 | 17.58 | |||
| EV/EBIT Ratio | 20.75 | 20.50 | 18.75 | |||
| EV/FCF Ratio | 10.27 | 11.26 | 15.32 | 8.89 | ||
| Debt / Equity Ratio | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 |
| Debt / EBITDA Ratio | 0.05 | 0.07 | 0.05 | 0.44 | ||
| Debt / FCF Ratio | 0.03 | 0.04 | 0.04 | 0.07 | 0.19 | |
| Net Debt / Equity Ratio | -0.35 | -0.27 | -0.41 | -0.55 | -0.61 | -0.70 |
| Net Debt / EBITDA Ratio | -1.36 | -1.38 | -2.47 | 1.02 | -17.64 | 26.13 |
| Net Debt / FCF Ratio | -0.74 | -0.80 | -2.16 | -4.03 | -6.69 | 7.23 |
| Asset Turnover | 1.02 | 0.96 | 0.76 | 0.72 | 0.77 | 0.72 |
| Quick Ratio | 2.09 | 1.98 | 2.99 | 4.15 | 3.21 | 3.93 |
| Current Ratio | 2.34 | 2.40 | 3.38 | 4.51 | 3.45 | 4.05 |
| Return on Equity (ROE) | 15.57% | 14.92% | 12.68% | -48.53% | 17.10% | -3.82% |
| Return on Assets (ROA) | 9.22% | 8.01% | 7.20% | -31.95% | 1.24% | -1.80% |
| Return on Invested Capital (ROIC) | 27.40% | 20.10% | 22.67% | -149.34% | 6.94% | -14.29% |
| Return on Capital Employed (ROCE) | 22.80% | 18.10% | 15.30% | -53.70% | 2.30% | -3.10% |
| Earnings Yield | 3.29% | 3.79% | 4.29% | -24.66% | ||
| FCF Yield | 9.08% | 7.71% | 5.85% | 8.09% | ||
| Buyback Yield / Dilution | 10.97% | 3.30% | -121.38% | -28.71% | -54.05% | -13.71% |