Maplebear Inc.CARTEarnings & Financial Report
Maplebear Inc., doing business as Instacart, is an American retail media and delivery company based in San Francisco that operates a grocery delivery and pick-up service in the United States and Canada accessible via a website and mobile app. It allows customers to order groceries, and alcohol where legal, from participating retailers with the shopping being done by a personal shopper, who picks, packs, and delivers the order.
Revenue
$914.0M
Gross Profit
$678.0M
Operating Profit
$124.0M
Net Profit
$116.0M
Gross Margin
74.2%
Operating Margin
13.6%
Net Margin
12.7%
YoY Growth
11.1%
EPS
$0.41
Maplebear Inc. Q2 FY2025 Financial Summary
Maplebear Inc. reported revenue of $914.0M (up 11.1% YoY) for Q2 FY2025, with a net profit of $116.0M (up 90.2% YoY) (12.7% margin). Cost of goods sold was $236.0M, operating expenses totaled $554.0M.
Key Financial Metrics
| Total Revenue | $914.0M |
|---|---|
| Net Profit | $116.0M |
| Gross Margin | 74.2% |
| Operating Margin | 13.6% |
| Report Period | Q2 FY2025 |
Revenue Breakdown
Maplebear Inc. Q2 FY2025 revenue of $914.0M breaks down across 2 segments, led by Transaction at $659.0M (72.1% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Transaction | $659.0M | 72.1% |
| Advertising And Other | $255.0M | 27.9% |
Maplebear Inc. Revenue by Segment — Quarterly Trend
Maplebear Inc. revenue by segment across the last 4 reported quarters, showing how each business line (such as Transaction and Advertising And Other) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Transaction | $698.0M | $670.0M | $659.0M | $650.0M |
| Advertising And Other | $294.0M | $269.0M | $255.0M | $247.0M |
Maplebear Inc. Annual Revenue by Year
Maplebear Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $3.7B).
| Year | Annual Revenue |
|---|---|
| 2025 | $3.7B |
| 2024 | $3.4B |
Maplebear Inc. Quarterly Revenue & Net Profit History
Maplebear Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $992.0M | +12.3% | $81.0M | 8.2% |
| Q3 FY2025 | $939.0M | +10.2% | $144.0M | 15.3% |
| Q2 FY2025 | $914.0M | +11.1% | $116.0M | 12.7% |
| Q1 FY2025 | $897.0M | +9.4% | $106.0M | 11.8% |
| Q4 FY2024 | $883.0M | +10.0% | $148.0M | 16.8% |
| Q3 FY2024 | $852.0M | +11.5% | $118.0M | 13.8% |
| Q2 FY2024 | $823.0M | +14.9% | $61.0M | 7.4% |
| Q1 FY2024 | $820.0M | +8.0% | $130.0M | 15.9% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $820.0M | $823.0M | $852.0M | $883.0M | $897.0M | $914.0M | $939.0M | $992.0M |
| YoY Growth | 8.0% | 14.9% | 11.5% | 10.0% | 9.4% | 11.1% | 10.2% | 12.3% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $4.10B | $4.03B | $3.93B | $4.12B | $4.29B | $4.43B | $4.54B | $3.69B |
| Liabilities | $777.0M | $806.0M | $870.0M | $836.0M | $928.0M | $942.0M | $889.0M | $974.0M |
| Equity | $3.14B | $3.04B | $2.87B | $3.09B | $3.18B | $3.30B | $3.46B | $2.52B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $105.0M | $244.0M | $185.0M | $153.0M | $298.0M | $203.0M | $287.0M | $183.0M |