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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.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Maplebear Inc. (CART.US) operates Instacart, a grocery and consumer goods marketplace that connects shoppers, retailers and delivery partners through online ordering, fulfillment and advertising services. Long-term growth may be driven by rising online grocery penetration, expansion of third-party fulfillment and further monetization of advertising and retailer data. The company appears positioned to benefit from scale-driven network effects, recurring order frequency and higher-margin ad and fulfillment offerings that could support revenue and margin expansion over time.
Material risks include intense competition from Amazon, Walmart and other delivery platforms, reliance on retailer partnerships and gig-economy labor, margin pressure from fulfillment costs and discounts, and potential regulatory or operational challenges.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Income before tax | 556.00M | 552.00M | -2061.00M | 71.00M | -72.00M |
| Net income | 447.00M | 457.00M | -1622.00M | 428.00M | -73.00M |
| Selling general administrative | 1336.00M | 363.00M | 803.00M | 339.00M | 288.00M |
| Selling and marketing expenses | - | 808.00M | 961.00M | 660.00M | 394.00M |
| Gross profit | 2753.00M | 2542.00M | 2278.00M | 1831.00M | 1226.00M |
| Reconciled depreciation | 99.00M | 67.00M | 58.00M | 47.00M | 27.00M |
| Ebit | 556.00M | 489.00M | -2142.00M | 62.00M | -87.00M |
| Ebitda | 655.00M | 556.00M | -2085.00M | 109.00M | -60.00M |
| Depreciation and amortization | 99.00M | 67.00M | 57.00M | 47.00M | 27.00M |
| Operating income | 576.00M | 489.00M | -2142.00M | 62.00M | -86.00M |
| Other operating expenses | 3166.00M | 2889.00M | 5184.00M | 2489.00M | 1920.00M |
| Interest expense | - | 0.00M | - | - | - |
| Tax provision | 109.00M | 95.00M | -731.00M | -357.00M | 1.00M |
| Interest income | 57.00M | 66.00M | 67.00M | 17.00M | 2.00M |
| Net interest income | 57.00M | 66.00M | 67.00M | 17.00M | 2.00M |
| Income tax expense | 109.00M | 95.00M | -439.00M | -357.00M | 1.00M |
| Total revenue | 3742.00M | 3378.00M | 3042.00M | 2551.00M | 1834.00M |
| Total operating expenses | 2177.00M | 2053.00M | 4420.00M | 1769.00M | 1312.00M |
| Cost of revenue | 989.00M | 836.00M | 764.00M | 720.00M | 608.00M |
| Total other income expense net | -20.00M | 63.00M | 81.00M | 9.00M | 1.00M |
| Net income from continuing ops | 447.00M | 457.00M | -1291.00M | 428.00M | -73.00M |
| Net income applicable to common shares | - | - | - | 77.00M | -73.00M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Total assets | 3687.00M | 4115.00M | 4727.00M | 3669.00M | 2961.00M |
| Intangible assets | 71.00M | 52.00M | 77.00M | 103.00M | 68.00M |
| Other current assets | 385.00M | 162.00M | 129.00M | 109.00M | 68.00M |
| Total liab | 1169.00M | 1022.00M | 800.00M | 3733.00M | 3534.00M |
| Total stockholder equity | 2518.00M | 3093.00M | 3927.00M | -64.00M | -573.00M |
| Other current liab | 555.00M | 469.00M | 451.00M | 515.00M | 373.00M |
| Capital stock | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Retained earnings | -4486.00M | -3585.00M | -2635.00M | -977.00M | -1405.00M |
| Other liab | - | - | - | 80.00M | 77.00M |
| Good will | 393.00M | 317.00M | 318.00M | 317.00M | 263.00M |
| Other assets | - | - | - | 402.00M | 34.00M |
| Cash | 637.00M | 1430.00M | 2274.00M | 1505.00M | 1146.00M |
| Total current liabilities | 917.00M | 798.00M | 733.00M | 795.00M | 592.00M |
| Current deferred revenue | 258.00M | 200.00M | 197.00M | 179.00M | 148.00M |
| Net debt | -601.00M | -1404.00M | -2234.00M | -1456.00M | -1092.00M |
| Short term debt | 3.00M | 13.00M | 13.00M | 13.00M | 11.00M |
| Short long term debt total | 36.00M | 26.00M | 40.00M | 49.00M | 54.00M |
| Other stockholder equity | 7005.00M | 6687.00M | 6382.00M | 918.00M | 833.00M |
| Property plant equipment | - | - | - | 79.00M | 73.00M |
| Total current assets | 2199.00M | 2697.00M | 3305.00M | 2740.00M | 2395.00M |
| Long term investments | 81.00M | 0.00M | 0.00M | 28.00M | 128.00M |
| Net tangible assets | - | - | - | -484.00M | -904.00M |
| Short term investments | 50.00M | 91.00M | 49.00M | 209.00M | 348.00M |
| Net receivables | 1127.00M | 1014.00M | 853.00M | 842.00M | 832.00M |
| Inventory | - | - | - | 75.00M | 1.00M |
| Accounts payable | 70.00M | 80.00M | 72.00M | 88.00M | 60.00M |
| Accumulated other comprehensive income | -1.00M | -9.00M | 3.00M | -5.00M | -1.00M |
| Non currrent assets other | 13.00M | 57.00M | 12.00M | 31.00M | 34.00M |
| Non current assets total | 1488.00M | 1418.00M | 1422.00M | 929.00M | 566.00M |
| Capital lease obligations | 36.00M | 26.00M | 40.00M | 49.00M | 54.00M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Investments | -37.00M | -107.00M | 193.00M | 117.00M | -330.00M |
| Change to liabilities | - | - | - | 49.00M | 83.00M |
| Total cashflows from investing activities | -208.00M | -107.00M | - | 117.00M | -330.00M |
| Total cash from financing activities | -1391.00M | -1413.00M | -30.00M | 46.00M | 464.00M |
| Change to operating activities | - | - | - | 96.00M | 43.00M |
| Net income | 447.00M | 457.00M | -1622.00M | 428.00M | -73.00M |
| Change in cash | -621.00M | -844.00M | 694.00M | 434.00M | -71.00M |
| Begin period cash flow | 1430.00M | 2293.00M | 1599.00M | 1165.00M | 1236.00M |
| End period cash flow | 809.00M | 1449.00M | 2293.00M | 1599.00M | 1165.00M |
| Total cash from operating activities | 972.00M | 687.00M | 586.00M | 277.00M | -204.00M |
| Issuance of capital stock | 0.00M | 0.00M | 576.00M | 0.00M | 390.00M |
| Depreciation | 99.00M | 67.00M | 57.00M | 47.00M | 27.00M |
| Other cashflows from investing activities | -4.00M | -3.00M | - | - | - |
| Change to inventory | - | - | - | 96.00M | 43.00M |
| Change to account receivables | -121.00M | -185.00M | -33.00M | -21.00M | -318.00M |
| Sale purchase of stock | -1386.00M | -1402.00M | -36.00M | 0.00M | 0.00M |
| Other cashflows from financing activities | -13.00M | -11.00M | -395.00M | 46.00M | 339.00M |
| Change to netincome | - | - | - | -322.00M | 34.00M |
| Capital expenditures | 61.00M | 64.00M | 56.00M | 26.00M | 22.00M |
| Change in working capital | -61.00M | -219.00M | -165.00M | 124.00M | -192.00M |
| Stock based compensation | 352.00M | 300.00M | 2756.00M | 33.00M | 22.00M |
| Other non cash items | 389.00M | 23.00M | 19.00M | 18.00M | 14.00M |
| Free cash flow | 911.00M | 623.00M | 530.00M | 251.00M | -226.00M |
Sector: Consumer Cyclical Industry: Internet Retail
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| CART Maplebear Inc. |
- -% |
58.12 | 26.78 | 18.05 | 2.76 | 4.03 | 2.54 | 15.90 |
| AMZN Amazon.com Inc |
-1.20 0.46% |
259.01 | 34.61 | 30.77 | 3.75 | 6.54 | 3.79 | 16.44 |
| BABAF Alibaba Group Holding Ltd |
0.13 0.96% |
13.63 | 24.65 | 20.62 | 0.33 | 2.20 | 2.17 | 16.99 |
| BABA Alibaba Group Holding Ltd |
1.38 1.28% |
109.45 | 24.68 | 20.58 | 0.33 | 2.20 | 2.17 | 16.98 |
| PDD PDD Holdings Inc. |
-0.92 1.10% |
83.03 | 20.54 | 13.26 | 0.62 | 5.93 | 0.50 | 1.74 |
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.
50 Beale Street, San Francisco, CA, United States, 94105
888 246 7822
3600
| Name | Title | Year Born |
|---|---|---|
| Ms. Fidji Simo | CEO & Chair | 1987 |
| Mr. Nick Giovanni | CFO & Treasurer | 1976 |
| Mr. Morgan William Fong | General Counsel & Secretary | 1976 |
| Mr. Mike Dee | Co-founder | NA |
| Mr. Alan Ramsay | Chief Accounting Officer | 1970 |
| Rebecca Yoshiyama | Vice President of Investor Relations | NA |
| Ms. Laura Jones | Chief Marketing Officer | NA |
| Ms. Christina Hall | Chief Human Resources Officer | NA |
| Mr. Chris Rogers | Chief Business Officer | NA |
| Mr. Daniel Danker | Chief Product Officer | NA |
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