Maplebear to wind down Caper Cart operations
Maplebear expects $30 million to $50 million of the estimated charges to result in future cash expenditures.
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Form Type
8-K
Rhea-AI Filing Summary
Maplebear Inc. (CART)’s board determined on October 25, 2026 to wind down Caper Cart operations. The wind-down is expected to be substantially completed by the end of the second quarter of 2027. The company expects approximately $55 million to $80 million in pre-tax charges, primarily in the fourth quarter of 2026: an estimated $21 million to $36 million for termination of contractual obligations, $22 million to $27 million for impairments of long-lived assets, and $12 million to $17 million for employee termination costs.
Maplebear expects $30 million to $50 million of these charges to result in future cash expenditures and expects to exclude the restructuring costs from Adjusted EBITDA, consistent with its past presentation. The charges are expected to be substantially completed by the end of the second quarter of 2027. Actual expenses, including cash amounts, and timing may differ materially because the estimates depend on assumptions and factors including local law requirements. The company intends to reinvest any savings from the wind-down into strategic growth initiatives.
Insights
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8-K Event Classification
Item 2.05 — Costs Associated with Exit or Disposal Activities
1 item
Item 2.05
Costs Associated with Exit or Disposal Activities
Financial
The company committed to an exit plan involving layoffs, facility closures, or restructuring charges.
Key Figures
Estimated pre-tax charges: Approximately $55 million to $80 million
Contractual obligation termination charges: Estimated $21 million to $36 million
Long-lived asset impairment charges: Estimated $22 million to $27 million
+2 more
5 metrics
Estimated pre-tax charges
Approximately $55 million to $80 million
Primarily expected in the fourth quarter of 2026
Contractual obligation termination charges
Estimated $21 million to $36 million
Caper Cart wind-down
Long-lived asset impairment charges
Estimated $22 million to $27 million
Assets pertaining to Caper Cart operations
Employee termination costs
Estimated $12 million to $17 million
Caper Cart wind-down
Charges expected to result in future cash expenditures
$30 million to $50 million
A portion of the estimated wind-down charges
Key Terms
Adjusted EBITDA, long-lived assets, future cash expenditures
3 terms
Adjusted EBITDA financial
"exclude these restructuring costs from Adjusted EBITDA"
Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.
long-lived assets financial
"impairments of long-lived assets pertaining to Caper Cart operations"
future cash expenditures financial
"result in future cash expenditures"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How much cash does Maplebear expect to spend on the Caper Cart wind-down?
Maplebear expects $30 million to $50 million of the estimated charges to result in future cash expenditures.
When does Maplebear expect to complete the Caper Cart wind-down?
The Caper Cart wind-down is expected to be substantially completed by the end of the second quarter of 2027. The charges are also expected to be substantially completed by then.
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 25, 2026
| (Exact name of registrant as specified in its charter) | ||||||||||||||||||||||||||
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||||||||||||||||||||||||
(Address of principal executive offices) (Zip code)
(888 ) 246-7822
(Registrant’s telephone number, including area code)
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||||||||||||||||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company o
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
Item 2.05 Costs Associated with Exit or Disposal Activities.
On October 25, 2026, the Board of Directors of Maplebear Inc. (the “Company”) made the determination to wind down Caper Cart operations (the “Caper Wind-Down”). This decision was made to re-align resources to support the Company’s strategic priorities. The Caper Wind-Down is expected to be substantially completed by the end of the second quarter of 2027.
The Company expects to record pre-tax charges of approximately $55 million to $80 million related to the Caper Wind-Down, primarily in the fourth quarter of 2026. The Company expects these charges to be substantially completed by the end of the second quarter of 2027. These charges consist of an estimated $21 million to $36 million related to charges associated with the termination of contractual obligations, an estimated $22 million to $27 million related to impairments of long-lived assets pertaining to Caper Cart operations, and an estimated $12 million to $17 million related to employee termination costs. The Company expects $30 million to $50 million of these charges to result in future cash expenditures. The Company expects to exclude these restructuring costs from Adjusted EBITDA, which is consistent with the Company's past presentation. The charges that the Company expects to incur are subject to a number of assumptions and other factors, including local law requirements in various jurisdictions, and as a result, actual expenses (including cash amounts) and the timing of incurrence thereof, may differ materially from the estimates disclosed above.
The Company intends to reinvest any savings from the Caper Wind-Down into strategic growth initiatives.
Forward-Looking Statements
This Current Report on Form 8-K contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact could be deemed forward-looking, including without limitation statements regarding the expected benefits, timing and financial impacts of the Caper Wind-Down. In some cases, you can identify forward-looking statements because they contain words such as “anticipate,” “believe,” “contemplate,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “toward,” “will,” or “would,” or the negative of these words or other similar terms or expressions. These forward-looking statements are subject to known and unknown risks, uncertainties, assumptions, and other factors that may cause actual results or outcomes to be materially different from any future results or outcomes expressed or implied by the forward-looking statements. These risks, uncertainties, assumptions, and other factors include the risks described from time to time in the Company’s filings with the Securities and Exchange Commission (the “SEC”), including in the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2026 filed with the SEC on August 7, 2026. You should not rely on forward-looking statements as predictions of future events. The Company has based these forward-looking statements on information available to it as of the date hereof, and the Company undertakes no obligation to update any forward-looking statements, except as required by law.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Maplebear Inc. | ||||||||
Date: October 26, 2026 | By: | /s/ Emily Reuter | ||||||
| Emily Reuter | ||||||||
| Chief Financial Officer | ||||||||