Maplebear Inc. (CART) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 3, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 7, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the CART SEC filings page.
Maplebear Inc. (CART) reported $4.0B in revenue over the twelve months to Jun 30, 2026, up 12.6% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 5 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Maplebear converts a growing, high-margin marketplace into cash, while aggressive buybacks reduce its balance-sheet cushion.
FY2023 paired a net loss of$1.62B with positive operating cash flow of$586M , so reported earnings and cash economics pointed in opposite directions. By FY2025, cash conversion exceeded accounting profit: net income was$447M versus operating cash flow of$971M , indicating that reported earnings understated the period’s cash generation.
Gross margin slipped from
Buybacks consumed
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Maplebear Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Maplebear Inc. has an operating margin of 13.3%, meaning the company retains $13 of operating profit per $100 of revenue. This below-average margin results in a low score of 22/100, suggesting thin profitability after operating expenses. This is down from 14.5% the prior year.
Maplebear Inc.'s revenue grew 10.8% year-over-year to $3.7B, a solid pace of expansion. This earns a growth score of 67/100.
Maplebear Inc. carries a low D/E ratio of 0.39, meaning only $0.39 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 65/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 2.40, Maplebear Inc. holds $2.40 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 68/100.
Maplebear Inc. converts 24.3% of revenue into free cash flow ($910.0M). This strong cash generation earns a score of 87/100.
Maplebear Inc.'s ROE of 17.8% shows moderate profitability relative to equity, earning a score of 30/100. This is up from 14.8% the prior year.
Maplebear Inc. scores 6.64, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($10.5B) relative to total liabilities ($974.0M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Maplebear Inc. passes 6 of 8 computable financial strength tests (1 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Maplebear Inc. generates $2.17 in operating cash flow ($971.0M OCF vs $447.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
Maplebear Inc. generated $1.0B in revenue in Q2 2026. This represents an increase of 14.1% from the same quarter a year earlier. Against the prior quarter it is up 2.4%.
Maplebear Inc.'s EBITDA was $175.0M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 20.7% from the same quarter a year earlier. Against the prior quarter it is down 17.5%.
Maplebear Inc. reported $111.0M in net income in Q2 2026. This represents a decrease of 4.3% from the same quarter a year earlier. Against the prior quarter it is down 22.9%.
Maplebear Inc. earned $0.45 per diluted share (EPS) in Q2 2026. This represents an increase of 9.8% from the same quarter a year earlier. Against the prior quarter it is down 21.1%.
Cash & Balance Sheet
Maplebear Inc. generated $481.0M in free cash flow in Q2 2026, representing cash available after capex. This represents an increase of 157.2% from the same quarter a year earlier. Against the prior quarter it is up 90.9%.
Maplebear Inc. held $757.0M in cash as of Q2 2026; long-term debt is not reported for that period.
Not reported for Q2 2026.
Margins & Returns
Maplebear Inc.'s gross margin was 72.0% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is down 2.2 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.4 percentage points.
Maplebear Inc.'s operating margin was 13.7% in Q2 2026, reflecting core business profitability. This is up 0.1 percentage points from the same quarter a year earlier. Against the prior quarter it is down 4.2 percentage points.
Maplebear Inc.'s net profit margin was 10.6% in Q2 2026, showing the share of revenue converted to profit. This is down 2.1 percentage points from the same quarter a year earlier. Against the prior quarter it is down 3.5 percentage points.
Maplebear Inc.'s ROE was 4.8% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 1.3 percentage points from the same quarter a year earlier. Against the prior quarter it is down 1.2 percentage points.
Capital Allocation
Maplebear Inc. invested $202.0M in research and development in Q2 2026. This represents an increase of 21.7% from the same quarter a year earlier. Against the prior quarter it is up 23.2%.
Maplebear Inc. spent $324.0M on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. This represents an increase of 167.8% from the same quarter a year earlier. Against the prior quarter it is down 9.7%.
Maplebear Inc. invested $13.0M in capex in Q2 2026, funding long-term assets and infrastructure. This represents a decrease of 18.8% from the same quarter a year earlier. Against the prior quarter it is down 18.8%.
CART Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.0B+14.1% | $1.0B+13.6% | $992.0M+12.3% | $939.0M+10.2% | $914.0M+11.1% | $897.0M+9.4% | $883.0M+10.0% | $852.0M+11.5% |
| Cost of Revenue | $292.0M+23.7% | $281.0M+24.3% | $275.0M+25.6% | $247.0M+17.1% | $236.0M+18.0% | $226.0M+9.7% | $219.0M+12.3% | $211.0M+3.9% |
| Gross Profit | $751.0M+10.8% | $738.0M+10.0% | $717.0M+8.0% | $692.0M+8.0% | $678.0M+8.8% | $671.0M+9.3% | $664.0M+9.2% | $641.0M+14.3% |
| R&D Expenses | $202.0M+21.7% | $164.0M+13.9% | $171.0M+10.3% | $169.0M+13.4% | $166.0M-10.3% | $144.0M+25.2% | $155.0M-24.4% | $149.0M-91.9% |
| SG&A Expenses | $98.0M-7.5% | $88.0M-30.2% | $163.0M+120.3% | $87.0M+13.0% | $106.0M-7.0% | $126.0M+28.6% | $74.0M-30.8% | $77.0M-86.4% |
| Operating Income | $143.0M+15.3% | $182.0M+65.5% | $98.0M-36.8% | $166.0M+20.3% | $124.0M+138.5% | $110.0M-23.6% | $155.0M+237.0% | $138.0M+105.6% |
| EBITDA | $175.0M+20.7% | $212.0M+64.3% | $124.0M-27.9% | $191.0M+24.8% | $145.0M+126.6% | $129.0M-17.3% | $172.0M+207.1% | $153.0M+106.3% |
| Income Tax | $36.0M+38.5% | $44.0M+144.4% | $28.0M+55.6% | $37.0M+5.7% | $26.0M+271.4% | $18.0M-48.6% | $18.0M+128.6% | $35.0M+108.0% |
| Net Income | $111.0M-4.3% | $144.0M+35.8% | $81.0M-45.3% | $144.0M+22.0% | $116.0M+90.2% | $106.0M-18.5% | $148.0M+9.6% | $118.0M+105.9% |
| EPS (Basic) | $0.46+7.0% | $0.59+47.5% | $0.31-44.6% | $0.54+20.0% | $0.43+95.5% | $0.40-14.9% | $0.56-94.1% | $0.45+102.2% |
| EPS (Diluted) | $0.45+9.8% | $0.57+54.1% | $0.30-42.3% | $0.51+21.4% | $0.41+105.0% | $0.37-14.0% | $0.52 | $0.42 |
| Diluted Shares (Avg) | 249M-11.5% | 254M-8.5% | N/A | 283M+0.8% | 281M-1.7% | 277M-8.3% | N/A | 281M |
Not reported in any period shown, so not listed: Interest Expense.
CART Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $3.5B-20.8% | $3.5B-17.6% | $3.7B-10.4% | $4.5B+15.6% | $4.4B+10.1% | $4.3B+4.8% | $4.1B-12.9% | $3.9B-11.2% |
| Current Assets | $2.1B-26.7% | $2.1B-27.2% | $2.2B-18.5% | $3.0B+20.8% | $2.9B+11.8% | $2.9B+6.1% | $2.7B-18.4% | $2.5B-18.4% |
| Cash & Equivalents | $757.0M-49.2% | $631.0M-59.5% | $637.0M-50.2% | $1.7B+31.2% | $1.5B+3.8% | $1.6B+2.9% | $1.3B-40.2% | $1.3B-35.9% |
| Short-Term Investments | $93.0M-14.7% | $59.0M-18.1% | $50.0M-45.1% | $39.0M+95.0% | $109.0M+1111.1% | $72.0M+260.0% | $91.0M+85.7% | $20.0M-64.3% |
| Accounts Receivable | $979.0M-6.1% | $1.1B+12.4% | $1.1B+11.1% | $1.0B+9.8% | $1.0B+17.5% | $974.0M+6.2% | $1.0B+18.9% | $949.0M+12.8% |
| Long-Term Investments | $35.0M | $63.0M | $81.0M | $62.0M | $0 | $0 | $0 | $0 |
| Goodwill | $412.0M+5.1% | $393.0M+24.0% | $393.0M+24.0% | $392.0M+23.3% | $392.0M+23.3% | $317.0M-0.3% | $317.0M-0.3% | $318.0M0.0% |
| Total Liabilities | $988.0M+4.9% | $941.0M+1.4% | $974.0M+16.5% | $889.0M+2.2% | $942.0M+16.9% | $928.0M+19.4% | $836.0M+4.5% | $870.0M+14.2% |
| Current Liabilities | $929.0M+6.7% | $885.0M-0.2% | $917.0M+14.9% | $832.0M+1.5% | $871.0M+16.1% | $887.0M+23.9% | $798.0M+8.9% | $820.0M+20.1% |
| Non-Current Liabilities | $59.0M-16.9% | $56.0M+36.6% | $57.0M+50.0% | $57.0M+14.0% | $71.0M+26.8% | $41.0M-32.8% | $38.0M-43.3% | $50.0M-36.7% |
| Total Equity | $2.3B-29.6% | $2.4B-24.6% | $2.5B-18.6% | $3.5B+20.4% | $3.3B+8.6% | $3.2B+1.1% | $3.1B-17.5% | $2.9B-17.6% |
| Retained Earnings | -$5.0B-39.0% | -$4.7B-32.8% | -$4.5B-25.1% | -$3.5B+6.4% | -$3.6B-2.4% | -$3.6B-11.0% | -$3.6B-36.1% | -$3.7B-36.4% |
Not reported in any period shown, so not listed: Inventory, Long-Term Debt.
CART Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $494.0M+143.3% | $268.0M-10.1% | $183.0M+19.6% | $287.0M+55.1% | $203.0M-16.8% | $298.0M+183.8% | $153.0M-34.3% | $185.0M+66.7% |
| Depreciation & Amortization | $32.0M+52.4% | $30.0M+57.9% | $26.0M+52.9% | $25.0M+66.7% | $21.0M+75.0% | $19.0M+58.3% | $17.0M+70.0% | $15.0M+36.4% |
| Stock-Based Compensation | $142.0M+35.2% | $80.0M+21.2% | N/A | $82.0M+18.8% | $105.0M-22.8% | $66.0M+633.3% | N/A | $69.0M-97.4% |
| Capital Expenditures | $13.0M-18.8% | $16.0M-11.1% | $12.0M0.0% | $15.0M+7.1% | $16.0M-33.3% | $18.0M+28.6% | $12.0M-25.0% | $14.0M-12.5% |
| Free Cash Flow | $481.0M+157.2% | $252.0M-10.0% | $171.0M+21.3% | $272.0M+59.1% | $187.0M-15.0% | $280.0M+207.7% | $141.0M-35.0% | $171.0M+80.0% |
| Investing Cash Flow | -$48.0M+69.4% | -$8.0M-900.0% | -$45.0M+44.4% | -$7.0M+73.1% | -$157.0M-1107.7% | $1.0M-92.3% | -$81.0M-636.4% | -$26.0M-145.6% |
| Financing Cash Flow | -$327.0M-153.5% | -$328.0M-613.0% | -$1.1B-1910.5% | -$70.0M+76.7% | -$129.0M+57.7% | -$46.0M+93.9% | -$57.0M-58.3% | -$301.0M-4400.0% |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Share Buybacks | $324.0M+167.8% | $359.0M+303.4% | $1.1B+22180.0% | $62.0M-82.6% | $121.0M-62.8% | $89.0M-87.6% | $5.0M-86.1% | $357.0M |
CART Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 72.0%-2.2pp | 72.4%-2.4pp | 72.3%-2.9pp | 73.7%-1.5pp | 74.2%-1.5pp | 74.8%-0.1pp | 75.2%-0.5pp | 75.2%+1.8pp |
| Operating Margin | 13.7%+0.1pp | 17.9%+5.6pp | 9.9%-7.7pp | 17.7%+1.5pp | 13.6%+7.2pp | 12.3%-5.3pp | 17.5%+11.8pp | 16.2% |
| Net Margin | 10.6%-2.1pp | 14.1%+2.3pp | 8.2%-8.6pp | 15.3%+1.5pp | 12.7%+5.3pp | 11.8%-4.0pp | 16.8%-0.1pp | 13.9% |
| Return on Equity | 4.8%+1.3pp | 6.0%+2.7pp | 3.2%-1.6pp | 4.2%+0.1pp | 3.5%+1.5pp | 3.3%-0.8pp | 4.8%+1.2pp | 4.1%+61.5pp |
| Return on Assets | 3.2%+0.5pp | 4.1%+1.6pp | 2.2%-1.4pp | 3.2%+0.2pp | 2.6%+1.1pp | 2.5%-0.7pp | 3.6%+0.7pp | 3.0%+48.2pp |
| Current Ratio | 2.28-1.0x | 2.36-0.9x | 2.40-1.0x | 3.64+0.6x | 3.32-0.1x | 3.24-0.5x | 3.38-1.1x | 3.06-1.4x |
| Debt-to-Equity | 0.43+0.1x | 0.39+0.1x | 0.39+0.1x | 0.260.0x | 0.290.0x | 0.290.0x | 0.27+0.1x | 0.30+0.1x |
| Asset Turnover | 0.30+0.1x | 0.29+0.1x | 0.27+0.1x | 0.210.0x | 0.210.0x | 0.210.0x | 0.210.0x | 0.220.0x |
| FCF Margin | 46.1%+25.7pp | 24.7%-6.5pp | 17.2%+1.3pp | 29.0%+8.9pp | 20.5%-6.3pp | 31.2%+20.1pp | 16.0%-11.0pp | 20.1%+7.6pp |
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Maplebear Inc. CART | FY2025 | $3.7B | $447.0M | 11.9% | $10.5B | 57/100 |
| Wayfair Inc. W | FY2025 | $12.5B | -$313.0M | -2.5% | $13.9B | 25/100 |
| Chewy, Inc. CHWY | FY2025 | $12.6B | $222.8M | 1.8% | $7.3B | 50/100 |
| JD.com, Inc. JD | FY2025 | $187.2B | $3.3B | 1.8% | $34.8B | 42/100 |
| eBay Inc EBAY | FY2025 | $11.1B | $2.0B | 18.3% | $47.3B | 60/100 |
| DoorDash, Inc. DASH | FY2025 | $13.7B | $935.0M | 6.8% | $82.0B | 54/100 |
Where Maplebear Inc. Ranks
Frequently Asked Questions
What is Maplebear Inc.'s annual revenue?
Maplebear Inc. (CART) reported $3.7B in total revenue for fiscal year 2025. This represents a 10.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Maplebear Inc.'s revenue growing?
Maplebear Inc. (CART) revenue grew by 10.8% year-over-year, from $3.4B to $3.7B in fiscal year 2025.
Is Maplebear Inc. profitable?
Yes, Maplebear Inc. (CART) reported a net income of $447.0M in fiscal year 2025, with a net profit margin of 11.9%.
What is Maplebear Inc.'s EBITDA?
Maplebear Inc. (CART) had EBITDA of $589.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Maplebear Inc.'s gross margin?
Maplebear Inc. (CART) had a gross margin of 73.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Maplebear Inc.'s operating margin?
Maplebear Inc. (CART) had an operating margin of 13.3% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Maplebear Inc.'s net profit margin?
Maplebear Inc. (CART) had a net profit margin of 11.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Maplebear Inc.'s return on equity (ROE)?
Maplebear Inc. (CART) has a return on equity of 17.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Maplebear Inc.'s free cash flow?
Maplebear Inc. (CART) generated $910.0M in free cash flow during fiscal year 2025. This represents a 46.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Maplebear Inc.'s operating cash flow?
Maplebear Inc. (CART) generated $971.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Maplebear Inc.'s total assets?
Maplebear Inc. (CART) had $3.7B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Maplebear Inc.'s capital expenditures?
Maplebear Inc. (CART) invested $61.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Maplebear Inc. spend on research and development?
Maplebear Inc. (CART) invested $650.0M in research and development during fiscal year 2025.
What is Maplebear Inc.'s current ratio?
Maplebear Inc. (CART) had a current ratio of 2.40 as of fiscal year 2025, which is generally considered healthy.
What is Maplebear Inc.'s debt-to-equity ratio?
Maplebear Inc. (CART) had a debt-to-equity ratio of 0.39 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Maplebear Inc.'s return on assets (ROA)?
Maplebear Inc. (CART) had a return on assets of 12.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Maplebear Inc.'s P/E ratio?
Maplebear Inc. (CART) trades at 21.9x earnings, its market capitalization divided by net income of $480.0M net income, trailing 12 months to June 30, 2026. The market capitalization is $10.5B as of Oct 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Maplebear Inc.'s price-to-sales ratio?
Maplebear Inc. (CART) trades at 2.6x sales, its market capitalization divided by revenue of $4.0B revenue, trailing 12 months to June 30, 2026. The market capitalization is $10.5B as of Oct 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Maplebear Inc.'s Altman Z-Score?
Maplebear Inc. (CART) has an Altman Z-Score of 6.64, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Maplebear Inc.'s Piotroski F-Score?
Maplebear Inc. (CART) has a Piotroski F-Score of 6 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Maplebear Inc.'s earnings high quality?
Maplebear Inc. (CART) has an earnings quality ratio of 2.17x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Maplebear Inc.?
Maplebear Inc. (CART) scores 57 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.