Maplebear Inc. income statement
In fiscal 2025, Maplebear Inc. reported revenue of $3.74bn, up 10.8% on the year before, operating income of $498m (a 13.3% margin) and net income of $447m, or $1.60 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|
| Revenue | 1,834 | 2,551 | 3,042 | 3,378 | 3,742 | 3,993 |
| Cost of revenue | 608 | 720 | 764 | 836 | 984 | 1,095 |
| Gross profit | 1,226 | 1,831 | 2,278 | 2,542 | 2,758 | 2,898 |
| Research and development | 368 | 518 | 2,312 | 604 | 650 | 706 |
| Selling and marketing | 394 | 660 | 961 | 808 | 854 | 883 |
| General and administrative | 288 | 339 | 803 | 363 | 482 | 436 |
| Operating income | −86 | 62 | −2,142 | 489 | 498 | 588 |
| Income before tax | −72 | 71 | −2,061 | 552 | 556 | — |
| Income tax | 1 | −357 | −439 | 95 | 109 | 145 |
| Net income | −73 | 428 | −1,622 | 457 | 447 | 480 |
| Diluted EPS | −$1.12 | $0.96 | −$12.43 | $1.58 | $1.60 | $1.81 |
| Diluted shares (average) | 66m | 101m | 131m | 289m | 280m | 266m |
| EBITDA | −70 | 96 | −2,099 | 545 | 589 | 701 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 852 | 883 | 897 | 914 | 939 | 992 | 1,019 | 1,043 |
| Cost of revenue | 211 | 219 | 226 | 236 | 247 | 275 | 281 | 292 |
| Gross profit | 641 | 664 | 671 | 678 | 692 | 717 | 738 | 751 |
| Research and development | 149 | 155 | 144 | 166 | 169 | 171 | 164 | 202 |
| Selling and marketing | 213 | 208 | 216 | 217 | 206 | 214 | 230 | 233 |
| General and administrative | 77 | 74 | 126 | 106 | 87 | 163 | 88 | 98 |
| Operating income | 138 | 155 | 110 | 124 | 166 | 97 | 182 | 143 |
| Income before tax | 153 | 166 | 124 | 142 | 181 | 109 | — | — |
| Income tax | 35 | 18 | 18 | 26 | 37 | 28 | 44 | 36 |
| Net income | 118 | 148 | 106 | 116 | 144 | 81 | 144 | 111 |
| Diluted EPS | $0.42 | $0.52 | $0.37 | $0.41 | $0.51 | $0.30 | $0.57 | $0.45 |
| EBITDA | 153 | 172 | 129 | 145 | 191 | 123 | 212 | 175 |
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