Maplebear (CART) Financials

$47.02 -0.03 (-0.06%)

Closing price 05/28/2025 04:00 PM Eastern

Extended Trading

$47.28 +0.25 (+0.54%)

As of 05/28/2025 07:56 PM Eastern

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	2024	2023	2022	2021
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021
Net Income / (Loss) Attributable to Common Shareholders	448	-1,624	77	-73
Consolidated Net Income / (Loss)	457	-1,622	428	-73
Net Income / (Loss) Continuing Operations	457	-1,622	428	-73
Total Pre-Tax Income	552	-2,061	71	-72
Total Operating Income	489	-2,142	62	-86
Total Gross Profit	2,542	2,278	1,831	1,226
Total Revenue	3,378	3,042	2,551	1,834
Operating Revenue	3,378	3,042	2,551	1,834
Total Cost of Revenue	836	764	720	608
Operating Cost of Revenue	836	764	720	608
Total Operating Expenses	2,053	4,420	1,769	1,312
Selling, General & Admin Expense	363	803	339	288
Marketing Expense	808	961	660	394
Research & Development Expense	604	2,312	518	368
Other Operating Expenses / (Income)	278	344	252	262
Total Other Income / (Expense), net	63	81	9.00	14
Interest & Investment Income	66	81	17	2.00
Other Income / (Expense), net	-3.00	0.00	-8.00	12
Income Tax Expense	95	-439	-357	1.00
Preferred Stock Dividends Declared	9.00	2.00	0.00	0.00
Net Income / (Loss) Attributable to Noncontrolling Interest	0.00	0.00	351	0.00
Other Adjustments to Net Income / (Loss) Attributable to Common Shareholders)	0.00	0.00	-	-
Basic Earnings per Share	$1.69	($12.43)	$1.08	($1.12)
Weighted Average Basic Shares Outstanding	264.64M	130.62M	71.85M	65.87M
Diluted Earnings per Share	$1.58	($12.43)	$0.96	($1.12)
Weighted Average Diluted Shares Outstanding	289.16M	130.62M	101.48M	65.87M
Weighted Average Basic & Diluted Shares Outstanding	264.64M	266.50M	-	-

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

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	104	146	116	58	128	375	-1,999	0.00	0.00	0.00
Consolidated Net Income / (Loss)	106	148	118	61	130	135	-1,999	114	128	36
Net Income / (Loss) Continuing Operations	106	148	118	61	130	135	-1,999	114	128	36
Total Pre-Tax Income	124	166	153	68	165	72	-2,439	142	164	33
Total Operating Income	110	155	138	52	144	46	-2,457	119	150	33
Total Gross Profit	671	664	641	623	614	608	561	527	582	485
Total Revenue	897	883	852	823	820	803	764	716	759	668
Operating Revenue	897	883	852	823	820	803	764	716	759	668
Total Cost of Revenue	226	219	211	200	206	195	203	189	177	183
Operating Cost of Revenue	226	219	211	200	206	195	203	189	177	183
Total Operating Expenses	561	509	503	571	470	562	3,018	408	432	452
Selling, General & Admin Expense	126	74	77	114	98	107	568	51	77	96
Marketing Expense	216	208	213	203	184	179	455	166	161	172
Research & Development Expense	144	155	149	185	115	205	1,850	130	127	127
Other Operating Expenses / (Income)	75	72	64	69	73	71	145	61	67	57
Total Other Income / (Expense), net	14	11	15	16	21	26	18	23	14	0.00
Interest & Investment Income	14	12	15	17	22	24	23	20	14	5.00
Other Income / (Expense), net	0.00	-1.00	0.00	-1.00	-1.00	2.00	-5.00	3.00	0.00	-5.00
Income Tax Expense	18	18	35	7.00	35	-63	-440	28	36	-3.00
Preferred Stock Dividends Declared	2.00	-	2.00	3.00	-	-	0.00	0.00	-	36
Basic Earnings per Share	$0.40	$0.55	$0.45	$0.22	$0.47	$8.43	($20.86)	$0.00	$0.00	$0.00
Weighted Average Basic Shares Outstanding	262.43M	264.64M	259.66M	265.54M	274.76M	130.62M	95.84M	72.27M	72.18M	72.01M
Diluted Earnings per Share	$0.37	$0.53	$0.42	$0.20	$0.43	$8.43	($20.86)	$0.00	$0.00	$0.00
Weighted Average Diluted Shares Outstanding	277.19M	289.16M	281.00M	286.26M	302.13M	130.62M	95.84M	72.27M	72.18M	72.01M
Weighted Average Basic & Diluted Shares Outstanding	260.73M	264.64M	256.89M	260.80M	264.70M	266.50M	280.22M	-	-	-

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

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	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022
Net Change in Cash & Equivalents	254	8.00	-140	-76	-636	189	172	222	111	108
Net Cash From Operating Activities	298	153	185	244	105	233	111	172	70	49
Net Cash From Continuing Operating Activities	298	153	185	244	105	233	111	172	70	49
Net Income / (Loss) Continuing Operations	106	148	118	61	130	135	-1,999	114	128	466
Consolidated Net Income / (Loss)	106	148	118	61	130	135	-1,999	114	128	466
Depreciation Expense	19	17	15	12	12	10	11	11	11	11
Amortization Expense	3.00	2.00	3.00	3.00	3.00	3.00	4.00	4.00	3.00	3.00
Non-Cash Adjustments To Reconcile Net Income	74	150	46	127	59	81	2,206	12	17	-357
Changes in Operating Assets and Liabilities, net	96	-164	3.00	41	-99	4.00	-111	31	-89	-74
Net Cash From Investing Activities	1.00	-81	-26	-13	13	-11	57	47	42	47
Net Cash From Continuing Investing Activities	1.00	-81	-26	-13	13	-11	57	47	42	47
Purchase of Property, Plant & Equipment	-18	-12	-14	-24	-14	-16	-16	-13	-9.00	-3.00
Purchase of Investments	-62	-85	-20	-	-	-20	-10	-	-	-
Sale and/or Maturity of Investments	81	16	10	16	28	27	83	140	51	50
Other Investing Activities, net	0.00	-	-2.00	-	-	-2.00	-	-	-	-
Net Cash From Financing Activities	-46	-57	-301	-305	-750	-36	7.00	-	-1.00	11
Net Cash From Continuing Financing Activities	-46	-57	-301	-305	-750	-36	7.00	-	-1.00	11
Repayment of Debt	0.00	-	-	-	-1.00	-	-	-	0.00	-
Repurchase of Common Equity	-89	-5.00	-357	-325	-715	-39	-2.00	-	-1.00	-3.00
Other Financing Activities, net	43	-52	56	19	-34	3.00	-567	-	0.00	14
Effect of Exchange Rate Changes	1.00	-	-	-2.00	-4.00	3.00	-3.00	3.00	0.00	1.00
Cash Income Taxes Paid	21	-	1.00	11	1.00	14	6.00	34	0.00	-

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	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Total Assets	4,115	4,727	3,669
Total Current Assets	2,697	3,305	2,740
Cash & Equivalents	1,278	2,137	1,505
Restricted Cash	152	137	75
Short-Term Investments	91	49	209
Accounts Receivable	1,014	853	842
Prepaid Expenses	162	129	109
Plant, Property, & Equipment, net	200	135	38
Total Noncurrent Assets	1,218	1,287	891
Goodwill	317	318	317
Intangible Assets	52	77	103
Noncurrent Deferred & Refundable Income Taxes	771	830	371
Other Noncurrent Operating Assets	59	43	53
Other Noncurrent Nonoperating Assets	19	19	19
Total Liabilities & Shareholders' Equity	4,115	4,727	3,669
Total Liabilities	836	800	911
Total Current Liabilities	798	733	795
Accounts Payable	80	72	88
Accrued Expenses	505	451	515
Current Deferred Revenue	200	197	179
Other Current Liabilities	13	13	13
Total Noncurrent Liabilities	38	67	116
Other Noncurrent Operating Liabilities	38	67	80
Commitments & Contingencies	0.00	0.00	0.00
Redeemable Noncontrolling Interest	186	177	2,822
Total Equity & Noncontrolling Interests	3,093	3,750	-64
Total Preferred & Common Equity	3,093	3,750	-64
Preferred Stock	0.00	0.00	0.00
Total Common Equity	3,110	3,767	-64
Common Stock	6,699	6,394	918
Retained Earnings	-3,585	-2,635	-977
Accumulated Other Comprehensive Income / (Loss)	-9.00	3.00	-5.00
Other Equity Adjustments	5.83	5.83	0.00

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	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023
Total Assets	4,292	3,926	4,027	4,097	4,421
Total Current Assets	2,873	2,509	2,585	2,707	3,073
Cash & Equivalents	1,558	1,288	1,434	1,514	2,010
Restricted Cash	130	134	128	124	75
Short-Term Investments	72	20	9.00	20	56
Accounts Receivable	974	949	888	917	841
Prepaid Expenses	139	118	126	132	91
Plant, Property, & Equipment, net	213	192	174	153	108
Total Noncurrent Assets	1,206	1,225	1,268	1,237	1,240
Goodwill	317	318	318	318	318
Intangible Assets	47	58	64	71	82
Noncurrent Deferred & Refundable Income Taxes	780	775	802	789	775
Other Noncurrent Operating Assets	47	55	65	40	46
Other Noncurrent Nonoperating Assets	15	19	19	19	19
Total Liabilities & Shareholders' Equity	4,292	3,926	4,027	4,097	4,421
Total Liabilities	928	870	806	777	762
Total Current Liabilities	887	820	750	716	683
Accounts Payable	77	69	57	49	57
Accrued Expenses	580	530	466	442	412
Current Deferred Revenue	217	209	214	212	201
Other Current Liabilities	13	12	13	13	13
Total Noncurrent Liabilities	41	50	56	61	79
Capital Lease Obligations	9.00	16	19	23	30
Other Noncurrent Operating Liabilities	32	34	37	38	49
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	188	184	182	179	175
Total Equity & Noncontrolling Interests	3,176	2,872	3,039	3,141	3,484
Total Preferred & Common Equity	3,176	2,872	3,039	3,141	3,484
Preferred Stock	0.00	0.00	0.00	0.00	0.00
Total Common Equity	3,176	2,872	3,039	3,141	3,484
Common Stock	6,758	6,600	6,525	6,363	6,220
Retained Earnings	-3,573	-3,728	-3,484	-3,220	-2,734
Accumulated Other Comprehensive Income / (Loss)	-9.00	0.00	-2.00	-2.00	-2.00

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

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

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

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	9.39%	9.96%	11.52%	14.94%	8.04%	0.00%	14.37%	0.00%	0.00%	0.00%
EBITDA Growth	-16.46%	183.61%	106.38%	-51.82%	-3.66%	0.00%	-8,839.29%	0.00%	0.00%	0.00%
EBIT Growth	-23.08%	220.83%	105.61%	-58.20%	-4.67%	0.00%	-8,892.86%	0.00%	0.00%	0.00%
NOPAT Growth	-17.12%	60.22%	106.19%	-51.17%	-3.09%	0.00%	-4,877.50%	0.00%	0.00%	0.00%
Net Income Growth	-18.46%	9.63%	105.90%	-46.49%	1.56%	0.00%	-5,652.78%	0.00%	0.00%	0.00%
EPS Growth	-13.95%	-93.71%	102.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Growth	183.81%	-34.33%	66.67%	41.86%	50.00%	375.51%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow Firm Growth	110.44%	0.00%	100.75%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Invested Capital Growth	-4.08%	9.72%	5.36%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Revenue Q/Q Growth	1.59%	3.64%	3.52%	0.37%	0.00%	5.10%	6.70%	-5.67%	0.00%	0.00%
EBITDA Q/Q Growth	-23.70%	10.90%	136.36%	-58.23%	0.00%	102.49%	-1,886.13%	-16.46%	0.00%	0.00%
EBIT Q/Q Growth	-28.57%	11.59%	170.59%	-64.34%	0.00%	101.95%	-2,118.03%	-18.67%	0.00%	0.00%
NOPAT Q/Q Growth	-31.96%	29.84%	128.16%	-58.88%	0.00%	105.01%	-1,900.28%	-18.40%	0.00%	0.00%
Net Income Q/Q Growth	-28.38%	25.42%	93.44%	-53.08%	0.00%	106.75%	-1,853.51%	-10.94%	0.00%	0.00%
EPS Q/Q Growth	-30.19%	26.19%	110.00%	-53.49%	0.00%	140.41%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	94.77%	-17.30%	-24.18%	132.38%	-54.94%	109.91%	-35.47%	145.71%	42.86%	0.00%
Free Cash Flow Firm Q/Q Growth	1,125.05%	-164.70%	101.52%	-3.27%	0.00%	100.00%	0.00%	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	-8.11%	7.95%	-2.36%	-0.96%	0.00%	3.66%	0.00%	0.00%	0.00%	0.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	74.80%	75.20%	75.23%	75.70%	74.88%	75.72%	73.43%	73.60%	76.68%	72.60%
EBITDA Margin	14.72%	19.59%	18.31%	8.02%	19.27%	7.60%	-320.29%	19.13%	21.61%	4.19%
Operating Margin	12.26%	17.55%	16.20%	6.32%	17.56%	5.73%	-321.60%	16.62%	19.76%	4.94%
EBIT Margin	12.26%	17.44%	16.20%	6.20%	17.44%	5.98%	-322.25%	17.04%	19.76%	4.19%
Profit (Net Income) Margin	11.82%	16.76%	13.85%	7.41%	15.85%	16.81%	-261.65%	15.92%	16.86%	5.39%
Tax Burden Percent	85.48%	89.16%	77.12%	89.71%	78.79%	187.50%	81.96%	80.28%	78.05%	109.09%
Interest Burden Percent	112.73%	107.79%	110.87%	133.33%	115.38%	150.00%	99.07%	116.39%	109.33%	117.86%
Effective Tax Rate	14.52%	10.84%	22.88%	10.29%	21.21%	-87.50%	0.00%	19.72%	21.95%	-9.09%
Return on Invested Capital (ROIC)	22.19%	31.81%	26.24%	22.05%	51.54%	20.61%	0.00%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	21.49%	31.30%	25.59%	20.23%	49.54%	18.53%	0.00%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	-11.00%	-16.86%	-13.63%	-9.87%	-24.68%	-11.05%	0.00%	0.00%	0.00%	0.00%
Return on Equity (ROE)	11.20%	14.95%	12.62%	12.19%	26.86%	9.56%	0.00%	0.00%	0.00%	0.00%
Cash Return on Invested Capital (CROIC)	27.79%	15.09%	0.00%	0.00%	0.00%	-134.16%	0.00%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	10.10%	13.33%	12.80%	4.94%	13.21%	4.33%	0.00%	0.00%	0.00%	0.00%
Return on Assets (ROA)	9.73%	12.81%	10.94%	5.91%	12.01%	12.18%	0.00%	0.00%	0.00%	0.00%
Return on Common Equity (ROCE)	10.58%	14.27%	11.94%	11.50%	25.41%	5.30%	0.00%	0.00%	0.00%	0.00%
Return on Equity Simple (ROE_SIMPLE)	13.63%	0.00%	15.46%	-55.05%	-51.58%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	94	138	106	47	113	86	-1,720	96	117	36
NOPAT Margin	10.48%	15.65%	12.49%	5.67%	13.84%	10.74%	-225.12%	13.34%	15.42%	5.39%
Net Nonoperating Expense Percent (NNEP)	0.70%	0.51%	0.65%	1.83%	2.00%	2.08%	-26.21%	0.00%	0.00%	0.00%
Return On Investment Capital (ROIC_SIMPLE)	2.95%	4.47%	-	-	-	2.30%	-	-	-	-
Cost of Revenue to Revenue	25.20%	24.80%	24.77%	24.30%	25.12%	24.28%	26.57%	26.40%	23.32%	27.40%
SG&A Expenses to Revenue	14.05%	8.38%	9.04%	13.85%	11.95%	13.33%	74.35%	7.12%	10.14%	14.37%
R&D to Revenue	16.05%	17.55%	17.49%	22.48%	14.02%	25.53%	242.15%	18.16%	16.73%	19.01%
Operating Expenses to Revenue	62.54%	57.64%	59.04%	69.38%	57.32%	69.99%	395.03%	56.98%	56.92%	67.66%
Earnings before Interest and Taxes (EBIT)	110	154	138	51	143	48	-2,462	122	150	28
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	132	173	156	66	158	61	-2,447	137	164	28
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.32	3.42	3.70	2.80	3.16	1.75	0.19	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	3.75	3.88	4.26	3.20	3.61	1.95	0.21	0.00	0.00	0.00
Price to Revenue (P/Rev)	3.06	3.15	3.22	2.65	3.20	2.16	0.00	0.00	0.00	0.00
Price to Earnings (P/E)	24.90	23.75	15.69	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	4.02%	4.21%	6.37%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	5.63	5.35	5.82	4.33	5.09	2.80	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	2.60	2.75	2.85	2.22	2.73	1.46	0.00	0.00	0.00	0.00
Enterprise Value to EBITDA (EV/EBITDA)	17.07	16.83	21.28	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	19.85	19.15	24.69	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	23.33	22.99	25.47	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	10.22	13.55	12.23	10.30	13.66	7.56	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	19.83	37.10	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.01	0.01	0.01	0.00	0.01	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.01	0.01	0.01	0.00	0.01	0.00	0.00	0.00
Financial Leverage	-0.51	-0.54	-0.53	-0.49	-0.50	-0.60	-0.58	0.00	0.00	0.00
Leverage Ratio	1.26	1.23	1.24	1.25	1.23	1.26	1.21	0.00	0.00	0.00
Compound Leverage Factor	1.41	1.32	1.38	1.67	1.42	1.88	1.20	0.00	0.00	0.00
Debt to Total Capital	0.27%	0.00%	0.52%	0.59%	0.69%	0.00%	0.81%	0.00%	0.00%	0.00%
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%
Long-Term Debt to Total Capital	0.27%	0.00%	0.52%	0.59%	0.69%	0.00%	0.81%	0.00%	0.00%	0.00%
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%
Noncontrolling Interests to Total Capital	5.57%	5.67%	5.99%	5.62%	5.35%	4.51%	4.74%	0.00%	0.00%	0.00%
Common Equity to Total Capital	94.16%	94.86%	93.49%	93.80%	93.96%	95.94%	94.44%	0.00%	0.00%	0.00%
Debt to EBITDA	0.02	0.00	0.04	-0.01	-0.01	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	-3.32	0.00	-3.23	0.72	0.78	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.02	0.00	0.04	-0.01	-0.01	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.02	0.00	0.04	-0.01	-0.02	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	-4.54	0.00	-3.87	1.00	1.09	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.02	0.00	0.04	-0.01	-0.02	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	7.10	7.92	7.47	6.51	8.03	5.48	0.00	0.00	0.00	0.00
Noncontrolling Interest Sharing Ratio	5.49%	4.55%	5.35%	5.65%	5.39%	44.60%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.24	3.38	3.06	3.45	3.78	4.51	4.50	0.00	0.00	0.00
Quick Ratio	2.94	2.99	2.75	3.11	3.42	4.15	4.26	0.00	0.00	0.00
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	162	-16	24	-1,603	-1,553	0.00	-3,249	0.00	0.00	0.00
Operating Cash Flow to CapEx	1,655.56%	1,275.00%	1,321.43%	1,016.67%	750.00%	1,456.25%	693.75%	1,323.08%	777.78%	0.00%
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
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
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
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.82	0.76	0.79	0.80	0.76	0.72	0.00	0.00	0.00	0.00
Accounts Receivable Turnover	3.65	3.62	3.68	3.61	3.38	3.59	0.00	0.00	0.00	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	18.88	20.17	21.99	18.45	20.28	35.17	0.00	0.00	0.00	0.00
Accounts Payable Turnover	13.59	11.00	12.89	14.11	16.18	9.55	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	99.89	100.87	99.05	100.97	107.87	101.69	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	26.86	33.18	28.32	25.88	22.55	38.22	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	73.02	67.68	70.73	75.10	85.31	63.47	0.00	0.00	0.00	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,598	1,739	1,611	1,650	1,666	1,585	1,529	0.00	0.00	0.00
Invested Capital Turnover	2.12	2.03	2.10	3.89	3.73	1.92	0.00	0.00	0.00	0.00
Increase / (Decrease) in Invested Capital	-68	154	82	1,650	1,666	0.00	1,529	0.00	0.00	0.00
Enterprise Value (EV)	8,994	9,306	9,383	7,137	8,482	4,431	-1,283	0.00	0.00	0.00
Market Capitalization	10,557	10,641	10,625	8,507	9,938	6,577	653	660	660	660
Book Value per Share	$12.00	$12.11	$11.01	$11.48	$11.79	$13.45	$36.35	$0.00	$0.00	$0.00
Tangible Book Value per Share	$10.63	$10.67	$9.57	$10.04	$10.33	$12.04	$32.18	$0.00	$0.00	$0.00
Total Capital	3,373	3,279	3,072	3,240	3,343	3,927	3,689	0.00	0.00	0.00
Total Debt	9.00	0.00	16	19	23	0.00	30	0.00	0.00	0.00
Total Long-Term Debt	9.00	0.00	16	19	23	0.00	30	0.00	0.00	0.00
Net Debt	-1,751	-1,521	-1,426	-1,552	-1,635	-2,323	-2,111	0.00	0.00	0.00
Capital Expenditures (CapEx)	18	12	14	24	14	16	16	13	9.00	0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)	226	378	247	264	333	249	249	0.00	0.00	0.00
Debt-free Net Working Capital (DFNWC)	1,986	1,899	1,689	1,835	1,991	2,572	2,390	0.00	0.00	0.00
Net Working Capital (NWC)	1,986	1,899	1,689	1,835	1,991	2,572	2,390	0.00	0.00	0.00
Net Nonoperating Expense (NNE)	-12	-9.81	-12	-14	-17	-49	279	-18	-11	0.00
Net Nonoperating Obligations (NNO)	-1,766	-1,540	-1,445	-1,571	-1,654	-2,342	-2,130	0.00	0.00	0.00
Total Depreciation and Amortization (D&A)	22	19	18	15	15	13	15	15	14	0.00
Debt-free, Cash-free Net Working Capital to Revenue	6.54%	11.19%	7.49%	8.22%	10.73%	8.19%	0.00%	0.00%	0.00%	0.00%
Debt-free Net Working Capital to Revenue	57.48%	56.22%	51.21%	57.17%	64.16%	84.55%	0.00%	0.00%	0.00%	0.00%
Net Working Capital to Revenue	57.48%	56.22%	51.21%	57.17%	64.16%	84.55%	0.00%	0.00%	0.00%	0.00%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.40	$0.55	$0.45	$0.22	$0.47	$8.43	($20.86)	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic Shares Outstanding	262.43M	264.64M	259.66M	265.54M	274.76M	130.62M	95.84M	0.00	0.00	0.00
Adjusted Diluted Earnings per Share	$0.37	$0.53	$0.42	$0.20	$0.43	$8.43	($20.86)	$0.00	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	277.19M	289.16M	281.00M	286.26M	302.13M	130.62M	95.84M	0.00	0.00	0.00
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
Adjusted Weighted Average Basic & Diluted Shares Outstanding	260.73M	264.64M	256.89M	260.80M	264.70M	266.50M	280.22M	0.00	0.00	0.00
Normalized Net Operating Profit after Tax (NOPAT)	94	138	106	47	113	32	-1,720	96	117	23
Normalized NOPAT Margin	10.48%	15.65%	12.49%	5.67%	13.84%	4.01%	-225.12%	13.34%	15.42%	3.46%
Pre Tax Income Margin	13.82%	18.80%	17.96%	8.26%	20.12%	8.97%	-319.24%	19.83%	21.61%	4.94%
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
NOPAT to Interest Expense	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
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
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%
Augmented Payout Ratio	179.21%	306.78%	323.42%	-64.61%	-46.67%	-2.59%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions About Maplebear's Financials

When does Maplebear's fiscal year end?

According to the most recent income statement we have on file, Maplebear's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Maplebear's net income changed over the last 3 years?

Maplebear's net income appears to be on an upward trend, with a most recent value of $457 million in 2024, falling from -$73 million in 2021. The previous period was -$1.62 billion in 2023. See Maplebear's forecast for analyst expectations on what’s next for the company.

What is Maplebear's operating income?

Maplebear's total operating income in 2024 was $489 million, based on the following breakdown:

Total Gross Profit: $2.54 billion
Total Operating Expenses: $2.05 billion

How has Maplebear revenue changed over the last 3 years?

Over the last 3 years, Maplebear's total revenue changed from $1.83 billion in 2021 to $3.38 billion in 2024, a change of 84.2%.

How much debt does Maplebear have?

Maplebear's total liabilities were at $836 million at the end of 2024, a 4.5% increase from 2023, and a 8.2% decrease since 2022.

How much cash does Maplebear have?

In the past 2 years, Maplebear's cash and equivalents has ranged from $1.28 billion in 2024 to $2.14 billion in 2023, and is currently $1.28 billion as of their latest financial filing in 2024.

How has Maplebear's book value per share changed over the last 3 years?

Over the last 3 years, Maplebear's book value per share changed from 0.00 in 2021 to 12.11 in 2024, a change of 1,210.8%.

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This page (NASDAQ:CART) was last updated on 5/29/2025 by MarketBeat.com Staff

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Maplebear (CART) Financials

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