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Side-by-side financial comparison of Maplebear Inc. (CART) and SoFi Technologies, Inc. (SOFI). Click either name above to swap in a different company.
SoFi Technologies, Inc. is the larger business by last-quarter revenue ($1.1B vs $992.0M, roughly 1.1× Maplebear Inc.). SoFi Technologies, Inc. runs the higher net margin — 15.2% vs 8.2%, a 7.0% gap on every dollar of revenue. On growth, SoFi Technologies, Inc. posted the faster year-over-year revenue change (42.6% vs 12.3%). Over the past eight quarters, SoFi Technologies, Inc.'s revenue compounded faster (35.6% CAGR vs 10.0%).
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.
SoFi Technologies, Inc. is an American financial technology company. Founded in 2011 by Stanford University students, it operates as a nationally chartered online bank and is a technology provider to other financial institutions. SoFi is the largest U.S. based online lender, and has 13.7 million customers as of 2025.
CART vs SOFI — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $992.0M | $1.1B |
| Net Profit | $81.0M | $166.7M |
| Gross Margin | 72.3% | — |
| Operating Margin | 9.9% | — |
| Net Margin | 8.2% | 15.2% |
| Revenue YoY | 12.3% | 42.6% |
| Net Profit YoY | -45.3% | 897.2% |
| EPS (diluted) | $0.31 | $0.12 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $1.1B | ||
| Q4 25 | $992.0M | $1.0B | ||
| Q3 25 | $939.0M | $961.6M | ||
| Q2 25 | $914.0M | $854.9M | ||
| Q1 25 | $897.0M | $771.8M | ||
| Q4 24 | $883.0M | $734.1M | ||
| Q3 24 | $852.0M | $697.1M | ||
| Q2 24 | $823.0M | $598.6M |
| Q1 26 | — | $166.7M | ||
| Q4 25 | $81.0M | $173.5M | ||
| Q3 25 | $144.0M | $139.4M | ||
| Q2 25 | $116.0M | $97.3M | ||
| Q1 25 | $106.0M | $71.1M | ||
| Q4 24 | $148.0M | $332.5M | ||
| Q3 24 | $118.0M | $60.7M | ||
| Q2 24 | $61.0M | $17.4M |
| Q1 26 | — | — | ||
| Q4 25 | 72.3% | 84.2% | ||
| Q3 25 | 73.7% | 83.2% | ||
| Q2 25 | 74.2% | 82.4% | ||
| Q1 25 | 74.8% | 82.4% | ||
| Q4 24 | 75.2% | 82.5% | ||
| Q3 24 | 75.2% | 82.3% | ||
| Q2 24 | 75.7% | 81.7% |
| Q1 26 | — | — | ||
| Q4 25 | 9.9% | 18.1% | ||
| Q3 25 | 17.7% | 15.4% | ||
| Q2 25 | 13.6% | 13.1% | ||
| Q1 25 | 12.3% | 10.3% | ||
| Q4 24 | 17.6% | 8.2% | ||
| Q3 24 | 16.2% | 9.2% | ||
| Q2 24 | 6.3% | 2.6% |
| Q1 26 | — | 15.2% | ||
| Q4 25 | 8.2% | 16.9% | ||
| Q3 25 | 15.3% | 14.5% | ||
| Q2 25 | 12.7% | 11.4% | ||
| Q1 25 | 11.8% | 9.2% | ||
| Q4 24 | 16.8% | 45.3% | ||
| Q3 24 | 13.8% | 8.7% | ||
| Q2 24 | 7.4% | 2.9% |
| Q1 26 | — | $0.12 | ||
| Q4 25 | $0.31 | $0.14 | ||
| Q3 25 | $0.51 | $0.11 | ||
| Q2 25 | $0.41 | $0.08 | ||
| Q1 25 | $0.37 | $0.06 | ||
| Q4 24 | $0.53 | $0.31 | ||
| Q3 24 | $0.42 | $0.05 | ||
| Q2 24 | $0.20 | $0.01 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $687.0M | $3.4B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.5B | $10.8B |
| Total Assets | $3.7B | $53.7B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $3.4B | ||
| Q4 25 | $687.0M | $4.9B | ||
| Q3 25 | $1.7B | $3.2B | ||
| Q2 25 | $1.6B | $2.1B | ||
| Q1 25 | $1.6B | $2.1B | ||
| Q4 24 | $1.4B | $2.5B | ||
| Q3 24 | $1.3B | $2.4B | ||
| Q2 24 | $1.4B | $2.3B |
| Q1 26 | — | $10.8B | ||
| Q4 25 | $2.5B | $10.5B | ||
| Q3 25 | $3.5B | $8.8B | ||
| Q2 25 | $3.3B | $6.9B | ||
| Q1 25 | $3.2B | $6.7B | ||
| Q4 24 | $3.1B | $6.5B | ||
| Q3 24 | $2.9B | $6.1B | ||
| Q2 24 | $3.0B | $5.9B |
| Q1 26 | — | $53.7B | ||
| Q4 25 | $3.7B | $50.7B | ||
| Q3 25 | $4.5B | $45.3B | ||
| Q2 25 | $4.4B | $41.1B | ||
| Q1 25 | $4.3B | $37.7B | ||
| Q4 24 | $4.1B | $36.3B | ||
| Q3 24 | $3.9B | $34.4B | ||
| Q2 24 | $4.0B | $32.6B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $183.0M | — |
| Free Cash FlowOCF − Capex | $171.0M | — |
| FCF MarginFCF / Revenue | 17.2% | — |
| Capex IntensityCapex / Revenue | 1.2% | — |
| Cash ConversionOCF / Net Profit | 2.26× | — |
| TTM Free Cash FlowTrailing 4 quarters | $910.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $183.0M | $-3.7B | ||
| Q3 25 | $287.0M | $-1.3B | ||
| Q2 25 | $203.0M | $-1.5B | ||
| Q1 25 | $298.0M | $21.5M | ||
| Q4 24 | $153.0M | $-1.1B | ||
| Q3 24 | $185.0M | $-1.2B | ||
| Q2 24 | $244.0M | $-484.4M |
| Q1 26 | — | — | ||
| Q4 25 | $171.0M | $-4.0B | ||
| Q3 25 | $272.0M | $-1.4B | ||
| Q2 25 | $187.0M | $-1.5B | ||
| Q1 25 | $280.0M | $-31.1M | ||
| Q4 24 | $141.0M | $-1.3B | ||
| Q3 24 | $171.0M | $-1.2B | ||
| Q2 24 | $220.0M | $-521.1M |
| Q1 26 | — | — | ||
| Q4 25 | 17.2% | -388.8% | ||
| Q3 25 | 29.0% | -142.0% | ||
| Q2 25 | 20.5% | -179.0% | ||
| Q1 25 | 31.2% | -4.0% | ||
| Q4 24 | 16.0% | -173.5% | ||
| Q3 24 | 20.1% | -174.6% | ||
| Q2 24 | 26.7% | -87.0% |
| Q1 26 | — | — | ||
| Q4 25 | 1.2% | 23.7% | ||
| Q3 25 | 1.6% | 6.2% | ||
| Q2 25 | 1.8% | 7.4% | ||
| Q1 25 | 2.0% | 6.8% | ||
| Q4 24 | 1.4% | 21.0% | ||
| Q3 24 | 1.6% | 6.2% | ||
| Q2 24 | 2.9% | 6.1% |
| Q1 26 | — | — | ||
| Q4 25 | 2.26× | -21.56× | ||
| Q3 25 | 1.99× | -9.37× | ||
| Q2 25 | 1.75× | -15.08× | ||
| Q1 25 | 2.81× | 0.30× | ||
| Q4 24 | 1.03× | -3.37× | ||
| Q3 24 | 1.57× | -19.32× | ||
| Q2 24 | 4.00× | -27.83× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CART
| Transaction | $698.0M | 70% |
| Advertising And Other | $294.0M | 30% |
SOFI
| Loans and securitizations | $932.2M | 85% |
| Loan origination, sales, securitizations and servicing | $142.2M | 13% |
| Corporate borrowings | $10.7M | 1% |
| Securitizations and warehouses | $10.1M | 1% |
