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Maplebear Inc. logo

Maplebear Inc.

CART

NASDAQTechnologySoftware - Services

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Previous close

$49.83

−$1.24 · -2.43%

Aug 21, 4:00 PM ET

CART company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Buy

Favorable setup — positive multi-factor alignment

Valuation

79

Undervalued

Momentum

69

Gaining

Sentiment

65

Bullish

Risk resilience

68

Moderate Risk

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Thesis, catalysts, evidence, and risk analysis.

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AI-generated, informational only, and not investment advice.

Company profile

Company website

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.

Industry
Software - Services
Sector
Technology
Headquarters
US
CEO
Chris Rogers
Listed since
Sep 19, 2023
Employees
3,600

Market position

Day range

Current $49.83

52-week range

Current $49.83

Open
$51.08
Previous close
$51.07
Volume
3.11M
0.73× average
Average volume
4.26M
Average daily volume
Market cap
11.71B USD
Beta
0.78
Market reference 1
50-day average
$46.4689
+7.23% above average
200-day average
$41.711
+19.47% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
11.15B USD
P/E (TTM)
26.23×
P/B (TTM)
5.04×
P/S (TTM)
2.93×
EV / EBITDA
17.03×
Earnings yield
3.80%
Free cash flow yield
7.75%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
72.43%
Operating margin
14.80%
Net margin
12.02%
Return on equity
17.75%
Return on assets
12.12%
Return on invested capital
14.44%

Financial health

Debt / equity
0.01×
Current ratio
2.4×
Altman Z-score
6.07
Piotroski F-score
6 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends90%32%-27%-85%Gross margin, FY2021: 66.85%Gross margin, FY2022: 71.78%Gross margin, FY2023: 74.88%Gross margin, FY2024: 75.25%Gross margin, FY2025: 73.70%Operating margin, FY2021: -4.69%Operating margin, FY2022: 2.43%Operating margin, FY2023: -70.41%Operating margin, FY2024: 14.48%Operating margin, FY2025: 13.31%Net margin, FY2021: -3.98%Net margin, FY2022: 16.78%Net margin, FY2023: -53.32%Net margin, FY2024: 13.53%Net margin, FY2025: 11.95%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 66.85%. Gross margin FY2022 71.78%. Gross margin FY2023 74.88%. Gross margin FY2024 75.25%. Gross margin FY2025 73.70%. Operating margin FY2021 -4.69%. Operating margin FY2022 2.43%. Operating margin FY2023 -70.41%. Operating margin FY2024 14.48%. Operating margin FY2025 13.31%. Net margin FY2021 -3.98%. Net margin FY2022 16.78%. Net margin FY2023 -53.32%. Net margin FY2024 13.53%. Net margin FY2025 11.95%.

Income trends

Revenue

3.74B USD+10.78%

Operating income

498M USD+1.84%

Net income

447M USD-2.19%
Income trends across reported periods4.33B USD1.98B USD−376.8M USD−2.73B USDRevenue, FY2021: 1.83B USDRevenue, FY2022: 2.55B USDRevenue, FY2023: 3.04B USDRevenue, FY2024: 3.38B USDRevenue, FY2025: 3.74B USDOperating income, FY2021: −86M USDOperating income, FY2022: 62M USDOperating income, FY2023: −2.14B USDOperating income, FY2024: 489M USDOperating income, FY2025: 498M USDNet income, FY2021: −73M USDNet income, FY2022: 428M USDNet income, FY2023: −1.62B USDNet income, FY2024: 457M USDNet income, FY2025: 447M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 1.83B USD. Revenue FY2022 2.55B USD. Revenue FY2023 3.04B USD. Revenue FY2024 3.38B USD. Revenue FY2025 3.74B USD. Operating income FY2021 −86M USD. Operating income FY2022 62M USD. Operating income FY2023 −2.14B USD. Operating income FY2024 489M USD. Operating income FY2025 498M USD. Net income FY2021 −73M USD. Net income FY2022 428M USD. Net income FY2023 −1.62B USD. Net income FY2024 457M USD. Net income FY2025 447M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue3.74B USD3.38B USD3.04B USD2.55B USD1.83B USD
Cost of goods sold984M USD836M USD764M USD720M USD608M USD
Gross profit2.76B USD2.54B USD2.28B USD1.83B USD1.23B USD
Research and development650M USD604M USD2.31B USD518M USD368M USD
Selling, general, and administrative1.34B USD1.17B USD1.76B USD999M USD682M USD
Operating expenses2.26B USD2.05B USD4.42B USD1.77B USD1.31B USD
Interest income57M USD66M USD81M USD17M USD2M USD
Depreciation and amortization99M USD67M USD57M USD47M USD27M USD
Operating income498M USD489M USD−2.14B USD62M USD−86M USD
Net income447M USD457M USD−1.62B USD428M USD−73M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
64%
7 beats, 4 misses, 0 met estimates
Average EPS surprise
+267.20%
11 comparable reports
Latest EPS result
0.45
Estimate 0.54 · Miss by 16.97%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.670.540.40.27Q1 '25BeatQ2 '25MissQ3 '25BeatQ4 '25BeatQ1 '26MissQ2 '26MissQ3 '26MissQ4 '26Estimate
Q1 2025, reported Feb 25, 2025: actual 0.53, estimate 0.377, surprise +40.70%, Beat. Q2 2025, reported May 1, 2025: actual 0.37, estimate 0.38, surprise -2.63%, Miss. Q3 2025, reported Aug 7, 2025: actual 0.41, estimate 0.385, surprise +6.58%, Beat. Q4 2025, reported Nov 10, 2025: actual 0.51, estimate 0.494, surprise +3.24%, Beat. Q1 2026, reported Feb 12, 2026: actual 0.31, estimate 0.52, surprise -40.38%, Miss. Q2 2026, reported May 6, 2026: actual 0.57, estimate 0.58, surprise -1.72%, Miss. Q3 2026, reported Aug 6, 2026: actual 0.45, estimate 0.542, surprise -16.97%, Miss. Q4 2026, reported Nov 9, 2026: actual —, estimate 0.63, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates1.11B1.02B930.79M840.23MQ1 '25MissQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 25, 2025: actual 883M USD, estimate 890.5M USD, surprise -0.84%, Miss. Q2 2025, reported May 1, 2025: actual 897M USD, estimate 895.43M USD, surprise +0.18%, Beat. Q3 2025, reported Aug 7, 2025: actual 914M USD, estimate 895.97M USD, surprise +2.01%, Beat. Q4 2025, reported Nov 10, 2025: actual 939M USD, estimate 933.68M USD, surprise +0.57%, Beat. Q1 2026, reported Feb 12, 2026: actual 992M USD, estimate 973.3M USD, surprise +1.92%, Beat. Q2 2026, reported May 6, 2026: actual 1.02B USD, estimate 1.01B USD, surprise +1.22%, Beat. Q3 2026, reported Aug 6, 2026: actual 1.04B USD, estimate 1.03B USD, surprise +1.62%, Beat. Q4 2026, reported Nov 9, 2026: actual —, estimate 1.07B USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$56.47

13.33% upside
Past 12 months12-month forecastHigh $77.00Average $56.47Low $45.00

Rating distribution

28 ratings
Strong buy00%
Buy2175%
Hold621%
Sell14%
Strong sell00%

Recent analyst actions

12 institutions

CART news

defenseworld.net

Aurora Investment Counsel Takes Position in Maplebear Inc. $CART

Aurora Investment Counsel purchased a new position in shares of Maplebear Inc. (NASDAQ: CART) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The…

Read source
zacks.com

Will Arpalus Strengthen Maplebear's Inventory Intelligence Advantage?

Maplebear's Arpalus deal adds real-time shelf visibility, sharpening inventory intelligence and supporting fulfillment and AI shopping experiences.

Read source
prnewswire.com

Instacart Expands On-Demand Retail Delivery with Foot Locker, Kids Foot Locker, and Champs Sports

New partnership offers customers on-demand, fast delivery of the latest footwear styles, apparel and accessories SAN FRANCISCO and NEW YORK, Aug. 19, 2026 /PRNewswire/ -- Instacart (Nasdaq: CART), the leading grocery…

Read source
fool.com

Maplebear Chief Accounting Officer Sells 6,103 Shares for Tax Withholding

Lisa Blackwood-Kapral disposed of shares valued at $298,000 following RSU vesting, reducing her direct holdings by 13% while retaining a $1.99 million stake in the grocery technology platform.

Read source
gurufocus.com

A Look at Maplebear Inc (CART) After 3.4% Gain -- GF Value $45.84 vs Price $50.08

On August 13, 2026, Maplebear Inc (CART) shares rose 3.4% to $50.08, reflecting a positive performance in the market. Over the past 52 weeks, the stock has fluc

Read source
fool.com

Maplebear CEO Chris Rogers Sells 4,933 Shares at $50

Rogers executed the sale under a Rule 10b5-1 trading plan, maintaining a direct stake of 968,049 shares worth $48 million.

Read source

Corporate actions

Corporate action history

Stock split

Effective Nov 21, 2007

10:11

Stock split

Effective Nov 1, 2006

10:11

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ETFs holding CART

Funds reporting this stock among their holdings, ordered by reported position size.

iShares Core S&P Mid-Cap ETF logoiShares Core S&P Mid-Cap ETFIJH
Market value
278.06M
Weight
0.22%
AUM
125.92B USD
Expense ratio
0.05%
Price / 1D
$76.77—
Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
250.48M
Weight
0.01%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$378.24—
Vanguard Morningstar Small-Cap ETF logoVanguard Morningstar Small-Cap ETFVB
Market value
180.78M
Weight
0.10%
AUM
183.4B USD
Expense ratio
0.03%
Price / 1D
$304.76—
Vanguard Morningstar Small-Cap Growth ETF logoVanguard Morningstar Small-Cap Growth ETFVBK
Market value
104.64M
Weight
0.23%
AUM
43.8B USD
Expense ratio
0.05%
Price / 1D
$358.65—
Vanguard Extended Market ETF logoVanguard Extended Market ETFVXF
Market value
84.55M
Weight
0.09%
AUM
93.7B USD
Expense ratio
0.05%
Price / 1D
$245.53—
State Street SPDR S&P MIDCAP 400 ETF Trust logoState Street SPDR S&P MIDCAP 400 ETF TrustMDY
Market value
61.53M
Weight
0.23%
AUM
26.72B USD
Expense ratio
0.23%
Price / 1D
$699.6—
Invesco S&P MidCap Quality ETF logoInvesco S&P MidCap Quality ETFXMHQ
Market value
58.36M
Weight
1.03%
AUM
5.67B USD
Expense ratio
0.31%
Price / 1D
$119.27—
Fidelity Enhanced Mid Cap ETF logoFidelity Enhanced Mid Cap ETFFMDE
Market value
47.03M
Weight
0.57%
AUM
—
Expense ratio
—
Price / 1D
$42.39—

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