What is Maplebear's operating income?

Maplebear's total operating income in 2025 was $498 million, based on the following breakdown: Total Gross Profit: $2.76 billion Total Operating Expenses: $2.26 billion

Maplebear (CART) Financials

$48.88 -1.20 (-2.40%)

Closing price 08/14/2026 04:00 PM Eastern

Extended Trading

$49.00 +0.12 (+0.25%)

As of 08/14/2026 07:48 PM Eastern

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Annual Income Statements for Maplebear

This table shows Maplebear's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2021	2022	2023	2024	2025
Period end date	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-73	77	-1,624	448	438
Consolidated Net Income / (Loss)	-73	428	-1,622	457	447
Net Income / (Loss) Continuing Operations	-73	428	-1,622	457	447
Total Pre-Tax Income	-72	71	-2,061	552	556
Total Operating Income	-86	62	-2,142	489	498
Total Gross Profit	1,226	1,831	2,278	2,542	2,758
Total Revenue	1,834	2,551	3,042	3,378	3,742
Operating Revenue	1,834	2,551	3,042	3,378	3,742
Total Cost of Revenue	608	720	764	836	984
Operating Cost of Revenue	608	720	764	836	984
Total Operating Expenses	1,312	1,769	4,420	2,053	2,260
Selling, General & Admin Expense	288	339	803	363	482
Marketing Expense	394	660	961	808	854
Research & Development Expense	368	518	2,312	604	650
Other Operating Expenses / (Income)	262	252	344	278	274
Total Other Income / (Expense), net	14	9.00	81	63	58
Interest & Investment Income	2.00	17	81	66	57
Other Income / (Expense), net	12	-8.00	0.00	-3.00	1.00
Income Tax Expense	1.00	-357	-439	95	109
Preferred Stock Dividends Declared	0.00	0.00	2.00	9.00	9.00
Basic Earnings per Share	($1.12)	$1.08	($12.43)	$1.69	$1.68
Weighted Average Basic Shares Outstanding	65.87M	71.85M	130.62M	264.64M	261.35M
Diluted Earnings per Share	($1.12)	$0.96	($12.43)	$1.58	$1.60
Weighted Average Diluted Shares Outstanding	65.87M	101.48M	130.62M	289.16M	279.62M
Weighted Average Basic & Diluted Shares Outstanding	-	-	266.50M	264.64M	240.62M

This table shows Maplebear's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
Net Income / (Loss) Attributable to Common Shareholders	375	128	58	116	146	104	114	142	78	142	109
Consolidated Net Income / (Loss)	135	130	61	118	148	106	116	144	81	144	111
Net Income / (Loss) Continuing Operations	135	130	61	118	148	106	116	146	79	144	111
Total Pre-Tax Income	72	165	68	153	166	124	142	181	109	188	147
Total Operating Income	46	144	52	138	155	110	124	166	98	182	143
Total Gross Profit	608	614	623	641	664	671	678	692	717	738	751
Total Revenue	803	820	823	852	883	897	914	939	992	1,019	1,043
Operating Revenue	803	820	823	852	883	897	914	939	992	1,019	1,043
Total Cost of Revenue	195	206	200	211	219	226	236	247	275	281	292
Operating Cost of Revenue	195	206	200	211	219	226	236	247	275	281	292
Total Operating Expenses	562	470	571	503	509	561	555	524	620	556	607
Selling, General & Admin Expense	107	98	114	77	74	126	106	87	163	88	98
Marketing Expense	179	184	203	213	208	216	217	206	215	230	233
Research & Development Expense	205	115	185	149	155	144	166	169	171	164	202
Other Operating Expenses / (Income)	71	73	69	64	72	75	66	62	71	74	74
Total Other Income / (Expense), net	26	21	16	15	11	14	18	15	11	6.00	4.00
Interest & Investment Income	24	22	17	15	12	14	15	16	12	6.00	5.00
Other Income / (Expense), net	2.00	-1.00	-1.00	0.00	-1.00	-	3.00	-1.00	-1.00	-	-1.00
Income Tax Expense	-63	35	7.00	35	18	18	26	37	28	44	36
Preferred Stock Dividends Declared	-	2.00	3.00	2.00	-	2.00	2.00	2.00	3.00	2.00	2.00
Basic Earnings per Share	$8.43	$0.47	$0.22	$0.45	$0.55	$0.40	$0.43	$0.54	$0.31	$0.59	$0.46
Weighted Average Basic Shares Outstanding	130.62M	274.76M	265.54M	259.66M	264.64M	262.43M	262.59M	264.90M	261.35M	239.27M	234.93M
Diluted Earnings per Share	$8.43	$0.43	$0.20	$0.42	$0.53	$0.37	$0.41	$0.51	$0.31	$0.57	$0.45
Weighted Average Diluted Shares Outstanding	130.62M	302.13M	286.26M	281.00M	289.16M	277.19M	281.29M	283.18M	279.62M	253.60M	248.94M
Weighted Average Basic & Diluted Shares Outstanding	266.50M	264.70M	260.80M	256.89M	264.64M	260.73M	263.44M	262.53M	240.62M	235.03M	231.50M

This table details how cash moves in and out of Maplebear's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2021	2022	2023	2024	2025
Period end date	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	-70	434	694	-844	-623
Net Cash From Operating Activities	-204	277	586	687	971
Net Cash From Continuing Operating Activities	-204	277	586	687	972
Net Income / (Loss) Continuing Operations	-73	428	-1,622	457	447
Consolidated Net Income / (Loss)	-73	428	-1,622	457	447
Depreciation Expense	16	34	43	56	91
Amortization Expense	16	13	14	11	8.00
Non-Cash Adjustments To Reconcile Net Income	31	-322	2,316	382	487
Changes in Operating Assets and Liabilities, net	-194	124	-165	-219	-61
Net Cash From Investing Activities	-330	117	135	-107	-208
Net Cash From Continuing Investing Activities	-330	117	135	-107	-209
Purchase of Property, Plant & Equipment	-13	-24	-54	-64	-61
Acquisitions	-63	-93	0.00	0.00	-106
Purchase of Investments	-623	-158	-110	-110	-280
Sale and/or Maturity of Investments	369	394	301	70	243
Other Investing Activities, net	-	-2.00	-2.00	-3.00	-5.00
Net Cash From Financing Activities	464	46	-30	-1,413	-1,391
Net Cash From Continuing Financing Activities	464	46	-30	-1,413	-1,390
Repurchase of Common Equity	0.00	-3.00	-42	-1,402	-1,386
Issuance of Preferred Equity	265	0.00	175	0.00	0.00
Issuance of Common Equity	125	0.00	401	0.00	0.00
Other Financing Activities, net	74	49	-564	-11	-4.00
Effect of Exchange Rate Changes	-	-6.00	3.00	-11	4.00
Cash Income Taxes Paid	4.00	3.00	54	13	43

This table details how cash moves in and out of Maplebear's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
Net Change in Cash & Equivalents	189	-636	-76	-140	8.00	254	-78	208	-1,007	-68	115
Net Cash From Operating Activities	233	105	244	185	153	298	203	287	183	268	494
Net Cash From Continuing Operating Activities	233	105	244	185	153	298	203	285	186	269	493
Net Income / (Loss) Continuing Operations	135	130	61	118	148	106	116	144	81	144	112
Consolidated Net Income / (Loss)	135	130	61	118	148	106	116	144	81	144	112
Depreciation Expense	10	12	12	15	17	19	21	25	26	30	32
Amortization Expense	3.00	3.00	3.00	3.00	2.00	3.00	2.00	2.00	1.00	1.00	1.00
Non-Cash Adjustments To Reconcile Net Income	81	59	127	46	150	74	113	161	139	91	212
Changes in Operating Assets and Liabilities, net	4.00	-99	41	3.00	-164	96	-49	-47	-61	3.00	136
Net Cash From Investing Activities	-11	13	-13	-26	-81	1.00	-157	-7.00	-45	-8.00	-48
Net Cash From Continuing Investing Activities	-11	13	-13	-26	-81	1.00	-158	-7.00	-45	-8.00	-48
Purchase of Property, Plant & Equipment	-16	-14	-24	-14	-12	-18	-16	-15	-12	-16	-13
Purchase of Investments	-20	0.00	-	-20	-85	-62	-82	-86	-50	-4.00	-9.00
Sale and/or Maturity of Investments	27	28	16	10	16	81	46	94	22	12	3.00
Net Cash From Financing Activities	-36	-750	-305	-301	-57	-46	-129	-70	-1,146	-328	-327
Net Cash From Continuing Financing Activities	-36	-750	-305	-301	-57	-46	-129	-69	-1,146	-329	-326
Repurchase of Common Equity	-39	-715	-325	-357	-5.00	-89	-121	-62	-1,114	-359	-324
Cash Income Taxes Paid	14	1.00	11	1.00	-	21	21	-1.00	2.00	-6.00	4.00

This table presents Maplebear's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024	2025
Period end date	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	3,669	4,727	4,115	3,687
Total Current Assets	2,740	3,305	2,697	2,199
Cash & Equivalents	1,505	2,137	1,278	637
Restricted Cash	75	137	152	172
Short-Term Investments	209	49	91	50
Accounts Receivable	842	853	1,014	1,127
Prepaid Expenses	109	129	162	213
Plant, Property, & Equipment, net	38	135	200	218
Total Noncurrent Assets	891	1,287	1,218	1,271
Long-Term Investments	28	-	0.00	81
Goodwill	317	318	317	393
Intangible Assets	103	77	52	71
Noncurrent Deferred & Refundable Income Taxes	371	830	771	664
Other Noncurrent Operating Assets	53	43	59	44
Other Noncurrent Nonoperating Assets	19	19	19	18
Total Liabilities & Shareholders' Equity	3,669	4,727	4,115	3,687
Total Liabilities	911	800	836	974
Total Current Liabilities	795	733	798	917
Accounts Payable	88	72	80	70
Accrued Expenses	515	451	505	634
Current Deferred Revenue	179	197	200	211
Other Current Liabilities	13	13	13	3.00
Total Noncurrent Liabilities	116	67	38	57
Capital Lease Obligations	36	-	13	33
Other Noncurrent Operating Liabilities	80	67	25	24
Commitments & Contingencies	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	2,822	177	186	196
Total Equity & Noncontrolling Interests	-64	3,750	3,093	2,518
Total Preferred & Common Equity	-64	3,750	3,093	2,518
Preferred Stock	0.00	0.00	0.00	0.00
Total Common Equity	-64	3,767	3,093	2,518
Common Stock	918	6,394	6,687	7,005
Retained Earnings	-977	-2,635	-3,585	-4,486
Accumulated Other Comprehensive Income / (Loss)	-5.00	3.00	-9.00	-1.00

This table presents Maplebear's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026
Period end date	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026	6/30/2026
Total Assets	4,421	4,097	4,027	3,926	4,292	4,433	4,540	3,535	3,510
Total Current Assets	3,073	2,707	2,585	2,509	2,873	2,890	3,031	2,091	2,117
Cash & Equivalents	2,010	1,514	1,434	1,288	1,558	1,489	1,690	631	757
Restricted Cash	75	124	128	134	130	122	126	110	117
Short-Term Investments	56	20	9.00	20	72	109	39	59	93
Accounts Receivable	841	917	888	949	974	1,043	1,042	1,095	979
Prepaid Expenses	91	132	126	118	139	127	134	197	171
Plant, Property, & Equipment, net	108	153	174	192	213	221	218	219	218
Total Noncurrent Assets	1,240	1,237	1,268	1,225	1,206	1,321	1,291	1,225	1,175
Long-Term Investments	0.00	-	-	-	-	-	62	63	35
Goodwill	318	318	318	318	317	392	392	393	412
Intangible Assets	82	71	64	58	47	81	74	60	66
Noncurrent Deferred & Refundable Income Taxes	775	789	802	775	780	775	696	626	596
Other Noncurrent Operating Assets	46	40	65	55	47	58	49	65	66
Other Noncurrent Nonoperating Assets	19	19	19	19	15	15	18	18	0.00
Total Liabilities & Shareholders' Equity	4,421	4,097	4,027	3,926	4,292	4,433	4,540	3,535	3,510
Total Liabilities	762	777	806	870	928	942	889	941	988
Total Current Liabilities	683	716	750	820	887	871	832	885	929
Accounts Payable	57	49	57	69	77	69	78	48	62
Accrued Expenses	412	442	466	530	580	579	532	604	631
Current Deferred Revenue	201	212	214	209	217	220	219	230	232
Other Current Liabilities	13	13	13	12	13	3.00	3.00	2.00	3.00
Total Noncurrent Liabilities	79	61	56	50	41	71	57	56	58
Capital Lease Obligations	30	23	19	16	9.00	34	34	32	31
Other Noncurrent Operating Liabilities	49	38	37	34	32	37	23	24	27
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	175	179	182	184	188	191	193	198	200
Total Equity & Noncontrolling Interests	3,484	3,141	3,039	2,872	3,176	3,299	3,458	2,395	2,322
Total Preferred & Common Equity	3,484	3,141	3,039	2,872	3,176	3,299	3,458	2,395	2,322
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	3,484	3,141	3,039	2,872	3,176	3,300	3,458	2,395	2,323
Common Stock	6,220	6,363	6,525	6,600	6,758	6,869	6,953	7,143	7,289
Retained Earnings	-2,734	-3,220	-3,484	-3,728	-3,573	-3,568	-3,491	-4,744	-4,959
Accumulated Other Comprehensive Income / (Loss)	-2.00	-2.00	-2.00	0.00	-9.00	-1.00	-4.00	-4.00	-7.00

This table displays calculated financial ratios and metrics derived from Maplebear's official financial filings.

Metric	2021	2022	2023	2024	2025
Period end date	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
DEI Shares Outstanding	-	-	-	-	262,532,964.00
DEI Adjusted Shares Outstanding	-	-	-	-	262,532,964.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	1.67
Growth Metrics	-	-	-	-	-
Revenue Growth	0.00%	39.09%	19.25%	11.05%	10.78%
EBITDA Growth	0.00%	340.48%	-2,164.36%	126.52%	8.14%
EBIT Growth	0.00%	172.97%	-4,066.67%	122.69%	2.67%
NOPAT Growth	0.00%	720.84%	-501.18%	127.00%	-1.10%
Net Income Growth	0.00%	686.30%	-478.97%	128.18%	-2.19%
EPS Growth	0.00%	185.71%	-1,394.79%	112.71%	1.27%
Operating Cash Flow Growth	0.00%	235.78%	111.55%	17.24%	41.34%
Free Cash Flow Firm Growth	0.00%	0.00%	-263.95%	111.80%	53.20%
Invested Capital Growth	0.00%	0.00%	65.45%	9.72%	2.05%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	2.43%	3.00%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	25.40%	-7.57%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	27.89%	-10.25%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	9.90%	-13.97%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	2.93%	-13.04%
EPS Q/Q Growth	0.00%	0.00%	0.00%	-83.33%	-12.09%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	45.77%	-10.43%	3.19%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	11.64%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	7.95%	2.17%
Profitability Metrics	-	-	-	-	-
Gross Margin	66.85%	71.78%	74.88%	75.25%	73.70%
EBITDA Margin	-2.29%	3.96%	-68.54%	16.37%	15.98%
Operating Margin	-4.69%	2.43%	-70.41%	14.48%	13.31%
EBIT Margin	-4.03%	2.12%	-70.41%	14.39%	13.34%
Profit (Net Income) Margin	-3.98%	16.78%	-53.32%	13.53%	11.95%
Tax Burden Percent	101.39%	602.82%	78.70%	82.79%	80.40%
Interest Burden Percent	97.30%	131.48%	96.22%	113.58%	111.42%
Effective Tax Rate	0.00%	-502.82%	0.00%	17.21%	19.60%
Return on Invested Capital (ROIC)	0.00%	78.03%	-117.92%	24.36%	22.62%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	72.00%	-112.00%	21.67%	18.82%
Return on Net Nonoperating Assets (RNNOA)	0.00%	-46.99%	69.40%	-11.67%	-7.70%
Return on Equity (ROE)	0.00%	31.04%	-48.53%	12.68%	14.92%
Cash Return on Invested Capital (CROIC)	0.00%	-121.97%	-167.24%	15.09%	20.59%
Operating Return on Assets (OROA)	0.00%	1.47%	-51.02%	10.99%	12.79%
Return on Assets (ROA)	0.00%	11.67%	-38.64%	10.34%	11.46%
Return on Common Equity (ROCE)	0.00%	-0.72%	-26.88%	12.11%	13.97%
Return on Equity Simple (ROE_SIMPLE)	0.00%	-668.75%	-43.25%	14.78%	0.00%
Net Operating Profit after Tax (NOPAT)	-60	374	-1,499	405	400
NOPAT Margin	-3.28%	14.65%	-49.29%	11.98%	10.70%
Net Nonoperating Expense Percent (NNEP)	0.00%	6.03%	-5.92%	2.69%	3.80%
Return On Investment Capital (ROIC_SIMPLE)	-	-1,334.81%	-39.98%	13.09%	15.69%
Cost of Revenue to Revenue	33.15%	28.22%	25.12%	24.75%	26.30%
SG&A Expenses to Revenue	15.70%	13.29%	26.40%	10.75%	12.88%
R&D to Revenue	20.07%	20.31%	76.00%	17.88%	17.37%
Operating Expenses to Revenue	71.54%	69.35%	145.30%	60.78%	60.40%
Earnings before Interest and Taxes (EBIT)	-74	54	-2,142	486	499
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-42	101	-2,085	553	598
Valuation Ratios	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	1.75	3.42	4.69
Price to Tangible Book Value (P/TBV)	0.00	0.00	1.95	3.88	5.75
Price to Revenue (P/Rev)	0.36	0.26	2.16	3.15	3.16
Price to Earnings (P/E)	0.00	8.57	0.00	23.75	26.96
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	11.67%	0.00%	4.21%	3.71%
Enterprise Value to Invested Capital (EV/IC)	0.00	1.78	2.80	5.35	6.21
Enterprise Value to Revenue (EV/Rev)	0.00	0.67	1.46	2.75	2.97
Enterprise Value to EBITDA (EV/EBITDA)	0.00	16.84	0.00	16.83	18.56
Enterprise Value to EBIT (EV/EBIT)	0.00	31.50	0.00	19.15	22.24
Enterprise Value to NOPAT (EV/NOPAT)	0.00	4.55	0.00	22.99	27.72
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	6.14	7.56	13.55	11.43
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	37.10	30.46
Leverage & Solvency	-	-	-	-	-
Debt to Equity	0.00	0.01	0.00	0.00	0.01
Long-Term Debt to Equity	0.00	0.01	0.00	0.00	0.01
Financial Leverage	0.00	-0.65	-0.62	-0.54	-0.41
Leverage Ratio	0.00	1.33	1.26	1.23	1.30
Compound Leverage Factor	0.00	1.75	1.21	1.39	1.45
Debt to Total Capital	0.00%	1.29%	0.00%	0.00%	1.20%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	1.29%	0.00%	0.00%	1.20%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	101.00%	4.51%	5.67%	7.14%
Common Equity to Total Capital	0.00%	-2.29%	95.94%	94.86%	91.66%
Debt to EBITDA	0.00	0.36	0.00	0.00	0.06
Net Debt to EBITDA	0.00	-17.63	0.00	0.00	-1.52
Long-Term Debt to EBITDA	0.00	0.36	0.00	0.00	0.06
Debt to NOPAT	0.00	0.10	0.00	0.00	0.08
Net Debt to NOPAT	0.00	-4.77	0.00	0.00	-2.27
Long-Term Debt to NOPAT	0.00	0.10	0.00	0.00	0.08
Altman Z-Score	0.00	1.44	3.95	8.18	7.45
Noncontrolling Interest Sharing Ratio	0.00%	102.32%	44.60%	4.55%	6.37%
Liquidity Ratios	-	-	-	-	-
Current Ratio	0.00	3.45	4.51	3.38	2.40
Quick Ratio	0.00	3.22	4.15	2.99	1.98
Cash Flow Metrics	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-584	-2,126	251	364
Operating Cash Flow to CapEx	-1,569.23%	1,154.17%	1,085.19%	1,073.44%	1,591.80%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-
Asset Turnover	0.00	0.70	0.72	0.76	0.96
Accounts Receivable Turnover	0.00	3.03	3.59	3.62	3.50
Inventory Turnover	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	67.13	35.17	20.17	17.90
Accounts Payable Turnover	0.00	8.18	9.55	11.00	13.12
Days Sales Outstanding (DSO)	0.00	120.47	101.69	100.87	104.42
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	44.61	38.22	33.18	27.82
Cash Conversion Cycle (CCC)	0.00	75.86	63.47	67.68	76.60
Capital & Investment Metrics	-	-	-	-	-
Invested Capital	0.00	958	1,585	1,739	1,788
Invested Capital Turnover	0.00	5.33	2.39	2.03	2.11
Increase / (Decrease) in Invested Capital	0.00	958	627	154	36
Enterprise Value (EV)	0.00	1,701	4,431	9,306	11,098
Market Capitalization	660	660	6,577	10,641	11,809
Book Value per Share	$0.00	($0.89)	$13.45	$12.11	$9.59
Tangible Book Value per Share	$0.00	($6.74)	$12.04	$10.67	$7.82
Total Capital	0.00	2,794	3,927	3,279	2,747
Total Debt	0.00	36	0.00	0.00	33
Total Long-Term Debt	0.00	36	0.00	0.00	33
Net Debt	0.00	-1,781	-2,323	-1,521	-907
Capital Expenditures (CapEx)	13	24	54	64	61
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	156	249	378	423
Debt-free Net Working Capital (DFNWC)	0.00	1,945	2,572	1,899	1,282
Net Working Capital (NWC)	0.00	1,945	2,572	1,899	1,282
Net Nonoperating Expense (NNE)	13	-54	123	-52	-47
Net Nonoperating Obligations (NNO)	0.00	-1,800	-2,342	-1,540	-926
Total Depreciation and Amortization (D&A)	32	47	57	67	99
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	6.12%	8.19%	11.19%	11.30%
Debt-free Net Working Capital to Revenue	0.00%	76.24%	84.55%	56.22%	34.26%
Net Working Capital to Revenue	0.00%	76.24%	84.55%	56.22%	34.26%
Earnings Adjustments	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	($12.43)	$1.69	$1.68
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	130.62M	264.64M	261.35M
Adjusted Diluted Earnings per Share	$0.00	$0.00	($12.43)	$1.58	$1.60
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	130.62M	289.16M	279.62M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	266.50M	264.64M	240.62M
Normalized Net Operating Profit after Tax (NOPAT)	-60	43	-1,499	405	400
Normalized NOPAT Margin	-3.28%	1.70%	-49.29%	11.98%	10.70%
Pre Tax Income Margin	-3.93%	2.78%	-67.75%	16.34%	14.86%
Debt Service Ratios	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.70%	-2.59%	306.78%	310.07%

This table displays calculated financial ratios and metrics derived from Maplebear's official financial filings.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	262,532,964.00	240,615,063.00	235,029,814.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	262,532,964.00	240,615,063.00	235,029,814.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	0.30	0.59	0.46
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	8.04%	14.94%	11.52%	9.96%	9.39%	11.06%	10.21%	12.34%	13.60%	14.11%
EBITDA Growth	0.00%	-3.66%	-51.82%	106.38%	183.61%	-16.46%	127.27%	23.08%	-28.32%	61.36%	16.67%
EBIT Growth	0.00%	-4.67%	-58.20%	105.61%	220.83%	-23.08%	149.02%	19.57%	-37.01%	65.45%	11.81%
NOPAT Growth	0.00%	-3.09%	-51.17%	106.19%	60.22%	-17.12%	117.15%	24.09%	-47.30%	48.25%	6.60%
Net Income Growth	0.00%	1.56%	-46.49%	105.90%	9.63%	-18.46%	90.16%	22.03%	-45.27%	35.85%	-4.31%
EPS Growth	0.00%	0.00%	0.00%	102.01%	-93.71%	-13.95%	105.00%	21.43%	-41.51%	54.05%	9.76%
Operating Cash Flow Growth	375.51%	50.00%	41.86%	66.67%	-34.33%	183.81%	-16.80%	55.14%	19.61%	-10.07%	143.35%
Free Cash Flow Firm Growth	0.00%	0.00%	0.00%	100.75%	0.00%	110.44%	97.65%	-128.38%	227.83%	-105.92%	1,012.31%
Invested Capital Growth	0.00%	0.00%	0.00%	5.36%	9.72%	-4.08%	8.42%	8.63%	2.05%	9.32%	-13.19%
Revenue Q/Q Growth	5.10%	0.00%	0.37%	3.52%	3.64%	1.59%	1.90%	2.74%	5.64%	2.72%	2.36%
EBITDA Q/Q Growth	102.49%	0.00%	-58.23%	136.36%	10.90%	-23.70%	13.64%	28.00%	-35.42%	71.77%	-17.84%
EBIT Q/Q Growth	101.95%	0.00%	-64.34%	170.59%	11.59%	-28.57%	15.45%	29.92%	-41.21%	87.63%	-21.98%
NOPAT Q/Q Growth	105.01%	0.00%	-58.88%	128.16%	29.84%	-31.96%	7.72%	30.38%	-44.86%	91.42%	-22.54%
Net Income Q/Q Growth	106.75%	0.00%	-53.08%	93.44%	25.42%	-28.38%	9.43%	24.14%	-43.75%	77.78%	-22.92%
EPS Q/Q Growth	140.41%	0.00%	-53.49%	110.00%	26.19%	-30.19%	10.81%	24.39%	-39.22%	83.87%	-21.05%
Operating Cash Flow Q/Q Growth	109.91%	-54.94%	132.38%	-24.18%	-17.30%	94.77%	-31.88%	41.38%	-36.24%	46.45%	84.33%
Free Cash Flow Firm Q/Q Growth	100.00%	0.00%	-3.27%	101.52%	-164.70%	1,125.05%	-123.27%	81.61%	631.11%	-126.06%	3,684.71%
Invested Capital Q/Q Growth	3.66%	0.00%	-0.96%	-2.36%	7.95%	-8.11%	11.95%	-2.18%	2.17%	-2.29%	-11.10%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	75.72%	74.88%	75.70%	75.23%	75.20%	74.80%	74.18%	73.70%	72.28%	72.42%	72.00%
EBITDA Margin	7.60%	19.27%	8.02%	18.31%	19.59%	14.72%	16.41%	20.45%	12.50%	20.90%	16.78%
Operating Margin	5.73%	17.56%	6.32%	16.20%	17.55%	12.26%	13.57%	17.68%	9.88%	17.86%	13.71%
EBIT Margin	5.98%	17.44%	6.20%	16.20%	17.44%	12.26%	13.90%	17.57%	9.78%	17.86%	13.61%
Profit (Net Income) Margin	16.81%	15.85%	7.41%	13.85%	16.76%	11.82%	12.69%	15.34%	8.17%	14.13%	10.64%
Tax Burden Percent	187.50%	78.79%	89.71%	77.12%	89.16%	85.48%	81.69%	79.56%	74.31%	76.60%	75.51%
Interest Burden Percent	150.00%	115.38%	133.33%	110.87%	107.79%	112.73%	111.81%	109.70%	112.37%	103.30%	103.52%
Effective Tax Rate	-87.50%	21.21%	10.29%	22.88%	10.84%	14.52%	18.31%	20.44%	25.69%	23.40%	24.49%
Return on Invested Capital (ROIC)	20.61%	51.54%	22.05%	26.24%	31.81%	22.19%	22.86%	30.41%	15.52%	31.61%	24.74%
ROIC Less NNEP Spread (ROIC-NNEP)	18.53%	49.54%	20.23%	25.59%	31.30%	21.49%	21.96%	29.69%	14.85%	31.25%	24.51%
Return on Net Nonoperating Assets (RNNOA)	-11.05%	-24.68%	-9.87%	-13.63%	-16.86%	-11.00%	-10.70%	-14.81%	-6.08%	-13.70%	-10.89%
Return on Equity (ROE)	9.56%	26.86%	12.19%	12.62%	14.95%	11.20%	12.15%	15.59%	9.44%	17.90%	13.85%
Cash Return on Invested Capital (CROIC)	-134.16%	0.00%	0.00%	0.00%	15.09%	27.79%	17.48%	19.42%	20.59%	17.75%	41.19%
Operating Return on Assets (OROA)	4.33%	13.21%	4.94%	12.80%	13.33%	10.10%	11.65%	15.08%	9.38%	17.63%	13.69%
Return on Assets (ROA)	12.18%	12.01%	5.91%	10.94%	12.81%	9.73%	10.64%	13.16%	7.83%	13.95%	10.70%
Return on Common Equity (ROCE)	5.30%	25.41%	11.50%	11.94%	14.27%	10.58%	11.48%	14.72%	8.84%	16.74%	12.96%
Return on Equity Simple (ROE_SIMPLE)	0.00%	-51.58%	-55.05%	15.46%	0.00%	13.63%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	86	113	47	106	138	94	101	132	73	139	108
NOPAT Margin	10.74%	13.84%	5.67%	12.49%	15.65%	10.48%	11.08%	14.06%	7.34%	13.68%	10.35%
Net Nonoperating Expense Percent (NNEP)	2.08%	2.00%	1.83%	0.65%	0.51%	0.70%	0.90%	0.71%	0.67%	0.35%	0.23%
Return On Investment Capital (ROIC_SIMPLE)	2.30%	-	-	-	4.47%	2.95%	3.04%	3.78%	2.85%	5.74%	4.59%
Cost of Revenue to Revenue	24.28%	25.12%	24.30%	24.77%	24.80%	25.20%	25.82%	26.30%	27.72%	27.58%	28.00%
SG&A Expenses to Revenue	13.33%	11.95%	13.85%	9.04%	8.38%	14.05%	11.60%	9.27%	16.43%	8.64%	9.40%
R&D to Revenue	25.53%	14.02%	22.48%	17.49%	17.55%	16.05%	18.16%	18.00%	17.24%	16.09%	19.37%
Operating Expenses to Revenue	69.99%	57.32%	69.38%	59.04%	57.64%	62.54%	60.72%	55.80%	62.50%	54.56%	58.20%
Earnings before Interest and Taxes (EBIT)	48	143	51	138	154	110	127	165	97	182	142
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	61	158	66	156	173	132	150	192	124	213	175
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.75	3.16	2.80	3.70	3.42	3.32	3.57	2.80	4.69	3.76	4.79
Price to Tangible Book Value (P/TBV)	1.95	3.61	3.20	4.26	3.88	3.75	4.17	3.24	5.75	4.64	6.03
Price to Revenue (P/Rev)	2.16	3.20	2.65	3.22	3.15	3.06	3.33	2.67	3.16	2.33	2.79
Price to Earnings (P/E)	0.00	0.00	0.00	15.69	23.75	24.90	24.57	19.14	26.96	18.94	23.63
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	6.37%	4.21%	4.02%	4.07%	5.23%	3.71%	5.28%	4.23%
Enterprise Value to Invested Capital (EV/IC)	2.80	5.09	4.33	5.82	5.35	5.63	5.76	4.57	6.21	4.80	6.67
Enterprise Value to Revenue (EV/Rev)	1.46	2.73	2.22	2.85	2.75	2.60	2.90	2.20	2.97	2.17	2.59
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	21.28	16.83	17.07	16.86	12.36	18.56	12.36	14.65
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	24.69	19.15	19.85	19.47	14.38	22.24	14.70	17.59
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	25.47	22.99	23.33	23.43	17.18	27.72	18.80	22.90
Enterprise Value to Operating Cash Flow (EV/OCF)	7.56	13.66	10.30	12.23	13.55	10.22	12.28	8.50	11.43	8.91	8.41
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	37.10	19.83	34.27	24.49	30.46	28.23	15.05
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.01	0.01	0.01	0.00	0.00	0.01	0.01	0.01	0.01	0.01
Long-Term Debt to Equity	0.00	0.01	0.01	0.01	0.00	0.00	0.01	0.01	0.01	0.01	0.01
Financial Leverage	-0.60	-0.50	-0.49	-0.53	-0.54	-0.51	-0.49	-0.50	-0.41	-0.44	-0.44
Leverage Ratio	1.26	1.23	1.25	1.24	1.23	1.26	1.26	1.26	1.30	1.31	1.32
Compound Leverage Factor	1.88	1.42	1.67	1.38	1.32	1.41	1.41	1.38	1.46	1.36	1.37
Debt to Total Capital	0.00%	0.69%	0.59%	0.52%	0.00%	0.27%	0.96%	0.92%	1.20%	1.22%	1.21%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.69%	0.59%	0.52%	0.00%	0.27%	0.96%	0.92%	1.20%	1.22%	1.21%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	4.51%	5.35%	5.62%	5.99%	5.67%	5.57%	5.42%	5.24%	7.14%	7.54%	7.83%
Common Equity to Total Capital	95.94%	93.96%	93.80%	93.49%	94.86%	94.16%	93.64%	93.84%	91.66%	91.24%	90.99%
Debt to EBITDA	0.00	-0.01	-0.01	0.04	0.00	0.02	0.06	0.05	0.06	0.05	0.04
Net Debt to EBITDA	0.00	0.78	0.72	-3.23	0.00	-3.32	-2.76	-2.91	-1.52	-1.23	-1.37
Long-Term Debt to EBITDA	0.00	-0.01	-0.01	0.04	0.00	0.02	0.06	0.05	0.06	0.05	0.04
Debt to NOPAT	0.00	-0.02	-0.01	0.04	0.00	0.02	0.08	0.07	0.08	0.07	0.07
Net Debt to NOPAT	0.00	1.09	1.00	-3.87	0.00	-4.54	-3.84	-4.05	-2.27	-1.86	-2.15
Long-Term Debt to NOPAT	0.00	-0.02	-0.01	0.04	0.00	0.02	0.08	0.07	0.08	0.07	0.07
Altman Z-Score	5.48	8.03	6.51	7.47	7.92	7.10	7.83	6.96	7.09	5.54	6.46
Noncontrolling Interest Sharing Ratio	44.60%	5.39%	5.65%	5.35%	4.55%	5.49%	5.54%	5.62%	6.37%	6.48%	6.47%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	4.51	3.78	3.45	3.06	3.38	3.24	3.32	3.64	2.40	2.36	2.28
Quick Ratio	4.15	3.42	3.11	2.75	2.99	2.94	3.03	3.33	1.98	2.02	1.97
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-1,553	-1,603	24	-16	162	-38	-6.93	37	-9.60	344
Operating Cash Flow to CapEx	1,456.25%	750.00%	1,016.67%	1,321.43%	1,275.00%	1,655.56%	1,268.75%	1,913.33%	1,525.00%	1,675.00%	3,800.00%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.72	0.76	0.80	0.79	0.76	0.82	0.84	0.86	0.96	0.99	1.01
Accounts Receivable Turnover	3.59	3.38	3.61	3.68	3.62	3.65	3.67	3.65	3.50	3.74	3.95
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	35.17	20.28	18.45	21.99	20.17	18.88	17.95	17.72	17.90	17.89	18.19
Accounts Payable Turnover	9.55	16.18	14.11	12.89	11.00	13.59	14.16	12.63	13.12	16.62	16.72
Days Sales Outstanding (DSO)	101.69	107.87	100.97	99.05	100.87	99.89	99.38	100.02	104.42	97.72	92.42
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	38.22	22.55	25.88	28.32	33.18	26.86	25.78	28.91	27.82	21.96	21.83
Cash Conversion Cycle (CCC)	63.47	85.31	75.10	70.73	67.68	73.02	73.60	71.11	76.60	75.76	70.58
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,585	1,666	1,650	1,611	1,739	1,598	1,789	1,750	1,788	1,747	1,553
Invested Capital Turnover	1.92	3.73	3.89	2.10	2.03	2.12	2.06	2.16	2.11	2.31	2.39
Increase / (Decrease) in Invested Capital	0.00	1,666	1,650	82	154	-68	139	139	36	149	-236
Enterprise Value (EV)	4,431	8,482	7,137	9,383	9,306	8,994	10,301	7,994	11,098	8,380	10,358
Market Capitalization	6,577	9,938	8,507	10,625	10,641	10,557	11,796	9,684	11,809	9,013	11,129
Book Value per Share	$13.45	$11.79	$11.48	$11.01	$12.11	$12.00	$12.66	$13.13	$9.59	$9.95	$9.88
Tangible Book Value per Share	$12.04	$10.33	$10.04	$9.57	$10.67	$10.63	$10.84	$11.36	$7.82	$8.07	$7.85
Total Capital	3,927	3,343	3,240	3,072	3,279	3,373	3,524	3,685	2,747	2,625	2,553
Total Debt	0.00	23	19	16	0.00	9.00	34	34	33	32	31
Total Long-Term Debt	0.00	23	19	16	0.00	9.00	34	34	33	32	31
Net Debt	-2,323	-1,635	-1,552	-1,426	-1,521	-1,751	-1,686	-1,883	-907	-831	-971
Capital Expenditures (CapEx)	16	14	24	14	12	18	16	15	12	16	13
Debt-free, Cash-free Net Working Capital (DFCFNWC)	249	333	264	247	378	226	299	344	423	406	221
Debt-free Net Working Capital (DFNWC)	2,572	1,991	1,835	1,689	1,899	1,986	2,019	2,199	1,282	1,206	1,188
Net Working Capital (NWC)	2,572	1,991	1,835	1,689	1,899	1,986	2,019	2,199	1,282	1,206	1,188
Net Nonoperating Expense (NNE)	-49	-17	-14	-12	-9.81	-12	-15	-12	-8.17	-4.60	-3.02
Net Nonoperating Obligations (NNO)	-2,342	-1,654	-1,571	-1,445	-1,540	-1,766	-1,701	-1,901	-926	-846	-969
Total Depreciation and Amortization (D&A)	13	15	15	18	19	22	23	27	27	31	33
Debt-free, Cash-free Net Working Capital to Revenue	8.19%	10.73%	8.22%	7.49%	11.19%	6.54%	8.43%	9.47%	11.30%	10.51%	5.53%
Debt-free Net Working Capital to Revenue	84.55%	64.16%	57.17%	51.21%	56.22%	57.48%	56.94%	60.53%	34.26%	31.21%	29.75%
Net Working Capital to Revenue	84.55%	64.16%	57.17%	51.21%	56.22%	57.48%	56.94%	60.53%	34.26%	31.21%	29.75%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$8.43	$0.47	$0.22	$0.45	$0.55	$0.40	$0.43	$0.54	$0.31	$0.59	$0.46
Adjusted Weighted Average Basic Shares Outstanding	130.62M	274.76M	265.54M	259.66M	264.64M	262.43M	262.59M	264.90M	261.35M	239.27M	234.93M
Adjusted Diluted Earnings per Share	$8.43	$0.43	$0.20	$0.42	$0.53	$0.37	$0.41	$0.51	$0.31	$0.57	$0.45
Adjusted Weighted Average Diluted Shares Outstanding	130.62M	302.13M	286.26M	281.00M	289.16M	277.19M	281.29M	283.18M	279.62M	253.60M	248.94M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	266.50M	264.70M	260.80M	256.89M	264.64M	260.73M	263.44M	262.53M	240.62M	235.03M	231.50M
Normalized Net Operating Profit after Tax (NOPAT)	32	113	47	106	138	94	101	132	73	139	108
Normalized NOPAT Margin	4.01%	13.84%	5.67%	12.49%	15.65%	10.48%	11.08%	14.06%	7.34%	13.68%	10.35%
Pre Tax Income Margin	8.97%	20.12%	8.26%	17.96%	18.80%	13.82%	15.54%	19.28%	10.99%	18.45%	14.09%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	-2.59%	-46.67%	-64.61%	323.42%	306.78%	179.21%	117.21%	53.89%	310.07%	341.44%	387.29%

Financials Breakdown Chart

Key Financial Trends

Maplebear (NASDAQ: CART) continues to show strong top-line growth and impressive cash generation, but its latest quarter also highlighted heavy share repurchases and a balance sheet that is more leveraged by operating liabilities than many retail investors may expect.

In Q1 2026, revenue rose to $1.019 billion from $992 million in Q4 2025 and $897 million in Q1 2025. Net income attributable to common shareholders came in at $142 million, up slightly from $78 million in Q4 2025 and above the $104 million reported in Q1 2025. The company also generated $268 million in operating cash flow, which remains a major strength.

Profitability is still solid, but quarter-to-quarter margins are a bit uneven. Gross profit reached $738 million in Q1 2026, while operating income was $182 million, both improvements from the prior quarter. At the same time, marketing and R&D spending remain elevated, and the business continues to rely on aggressive buybacks to return cash to shareholders.

Over the last four years, Maplebear has evolved from a company with volatile earnings into one with consistently strong revenue, recurring profits, and meaningful free cash generation. However, the share count trend and the size of redeemable noncontrolling interests remain important considerations for investors.

Revenue growth remains steady: Q1 2026 revenue of $1.019 billion was up year over year from $897 million in Q1 2025 and $820 million in Q1 2024.
Operating cash flow is strong: The company generated $268 million in operating cash flow in Q1 2026, supporting flexibility for reinvestment and capital returns.
Margins remain healthy: Q1 2026 gross profit of $738 million and operating income of $182 million show the core business is still producing attractive economics.
Net income improved year over year: Common shareholder earnings rose to $142 million in Q1 2026 versus $104 million in Q1 2025.
Balance sheet has ample liquidity: Cash and equivalents of $631 million, plus $110 million restricted cash and $59 million short-term investments, provide a substantial liquidity cushion.
Cash and investments declined from the previous quarter: Total cash, restricted cash, and short-term investments fell versus Q4 2025, reflecting capital returns and operating usage.
Accounts receivable is large: Receivables of $1.095 billion are significant relative to revenue and should be watched for collection efficiency.
Deferred tax assets are material: Noncurrent deferred and refundable income taxes were $626 million in Q1 2026, a meaningful asset but one that depends on future profitability and tax outcomes.
Share repurchases are aggressive: CART spent $359 million on common equity repurchases in Q1 2026, which exceeded quarterly net income and pressured cash balances.
Equity structure is complicated: Redeemable noncontrolling interest of $198 million adds another layer investors should factor into valuation and claims on cash flow.

Bottom line: Maplebear looks like a profitable, cash-generative growth company with improving quarterly results and a strong liquidity position. The main watch items are the pace of buybacks, the size of operating liabilities, and whether revenue growth can continue to outpace spending as the company scales.

08/16/26 11:53 PM ETAI Generated. May Contain Errors.

Maplebear Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Maplebear's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Maplebear's net income appears to be on a downward trend, with a most recent value of $447 million in 2025, falling from -$73 million in 2021. The previous period was $457 million in 2024. View Maplebear's forecast to see where analysts expect Maplebear to go next.

Maplebear's total operating income in 2025 was $498 million, based on the following breakdown:

Total Gross Profit: $2.76 billion
Total Operating Expenses: $2.26 billion

Over the last 4 years, Maplebear's total revenue changed from $1.83 billion in 2021 to $3.74 billion in 2025, a change of 104.0%.

Maplebear's total liabilities were at $974 million at the end of 2025, a 16.5% increase from 2024, and a 6.9% increase since 2022.

In the past 3 years, Maplebear's cash and equivalents has ranged from $637 million in 2025 to $2.14 billion in 2023, and is currently $637 million as of their latest financial filing in 2025.

Over the last 4 years, Maplebear's book value per share changed from 0.00 in 2021 to 9.59 in 2025, a change of 959.1%.

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Financial statements for NASDAQ:CART last updated on 8/7/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Maplebear (CART) Financials

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Maplebear (CART) Financials

Annual Income Statements for Maplebear

Quarterly Income Statements for Maplebear

Annual Cash Flow Statements for Maplebear

Quarterly Cash Flow Statements for Maplebear

Annual Balance Sheets for Maplebear

Quarterly Balance Sheets for Maplebear

Annual Metrics And Ratios for Maplebear

Quarterly Metrics And Ratios for Maplebear

Financials Breakdown Chart

Key Financial Trends

Maplebear Financials - Frequently Asked Questions

When does Maplebear's fiscal year end?

How has Maplebear's net income changed over the last 4 years?

What is Maplebear's operating income?

How has Maplebear's revenue changed over the last 4 years?

How much debt does Maplebear have?

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How has Maplebear's book value per share changed over the last 4 years?

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