Maplebear (CART) Q1 2025

Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025

Earnings

Maplebear Inc. Posted a mixed first quarter for 2025, delivering revenue that essentially matched Wall Street's expectations while earnings fell well short of the consensus target. The Instacart parent reported $897.00 million in revenue, up 9.4% yea… Read more Maplebear Inc. Posted a mixed first quarter for 2025, delivering revenue that essentially matched Wall Street's expectations while earnings fell well short of the consensus target. The Instacart parent reported $897.00 million in revenue, up 9.4% year-over-year and just barely ahead of the $896.88 million consensus estimate, yet earnings per share of $0.37 missed the $0.72 consensus by 48.90%, a gap the company attributed largely to the absence of $95.00 million in stock-based compensation reversals that had flattered the year-ago period. Beneath the headline miss, operational momentum was genuine: order volume grew 14% year-over-year to 83.2 million, the fastest pace in ten quarters, while gross transaction value rose 10% to $9.12 billion and adjusted EBITDA expanded 23% to $244.00 million. Some observers remain cautious given intensifying competition in grocery delivery, though the company's non-discretionary category and growing ad business offer a measure of resilience. Looking ahead, Instacart guided Q2 GTV of $8.85 billion to $9.00 billion and adjusted EBITDA of $240.00 million to $250.00 million, reaffirming full-year margin expansion expectations.