Maplebear Inc.(CART)— Stock Profile, AI Score & Financials
Industrials · Nasdaq · AI-powered stock analysis, 32-signal quality score, SEC EDGAR financials, and institutional holdings. Updated .
Maplebear Inc. (CART) stock profile, AI quality score, and SEC EDGAR financial data, a Industrials sector company. 13F Pro's AI-powered ranking engine scores CART at 70.6/100 on a 32-signal composite quality model, placing it at rank #214 of 2,961 stocks — the top 10% of the AI-ranked universe. CART scores in the top quartile across balance sheet strength (89.1), free cash flow (83.6), institutional flow (80.9). Shareholder dilution risk is elevated at 16.9/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q2 2026), Maplebear Inc. reports quarterly revenue of $1.0B, net income of $111.0M, an operating margin of 13.7%. Top institutional holders of CART by reported 13-F value include SC US (TTGP), LTD., D1 Capital Partners L.P., BlackRock, based on the most recent SEC filings. CART trades on the Nasdaq exchange and files with the SEC under CIK 1579091. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate CART daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Maplebear Inc. directly from SEC EDGAR.
AI Quality Score
70.6/100
AI Rank
#214
Revenue
$1.0B
Net Income
$111.0M
Free Cash Flow
$481.0M
Operating Margin
13.7%
CART key financials by period
Maplebear Inc. reported revenue, net income and margins by fiscal period, from SEC filings.
Period
Form
Revenue
Net income
Operating margin
FY 2025
10-K
$3.7B
$447.0M
13.3%
FY 2024
10-K
$3.4B
$457.0M
14.5%
FY 2023
10-K
$3.0B
$-1.6B
-70.4%
FY 2022
10-K
$2.6B
$428.0M
2.4%
FY 2021
10-K
$1.8B
$-73.0M
-4.7%
Institutions holding CART
Institutional investors reporting a position in Maplebear Inc. on SEC Form 13F.
AI-extracted from the 10-Q filed 2026-08-07 — Q2 2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Revenue rose 14% to $1,043 million on $10,351 million GTV, but net income fell 4% to $111 million as gross margin slipped to 72%.
Biggest Revenue Drivers
Transaction$746M+13% YoY
Driven by GTV growth of 14%, increased fulfillment efficiencies, and lower consumer incentives, partially offset by lower payment revenue
Advertising and other$297M+16% YoY
Increase in advertising volume, activity on the platform, and strength from emerging and mid-size brand partners
Biggest Revenue Drivers
Total revenue: $1,043M+14% YoY
Transaction$746M+13% YoY
Driven by GTV growth of 14%, increased fulfillment efficiencies, and lower consumer incentives, partially offset by lower payment revenue
Advertising and other$297M+16% YoY
Increase in advertising volume, activity on the platform, and strength from emerging and mid-size brand partners
Largest Expense Items
Cost of revenue$292M+24% YoY
$21M more credit card processing fees, $11M more depreciation and amortization, $10M more payments to publishers
Sales and marketing$233M+7% YoY
Filing describes the increase as immaterial
Research and development$202M+22% YoY
$29M increase in compensation costs from higher stock-based compensation, reflecting the shift of the first annual refresh vesting date from August to May
General and administrative$98M-7% YoY
$18M decrease in accruals for legal matters and sales and indirect taxes, partly offset by $5M higher compensation costs
Margins: Gross margin decreased 2 points to 72% because cost of revenue grew faster than revenue. Adjusted EBITDA margin improved to 30% on GTV growth, higher advertising revenue, and operating leverage.
Watch Items from the Filing
Retailer concentration: top three retailers accounted for approximately 43% of GTV for the years ended December 31, 2023 and 2025, and 42% for 2024.
Net income fell 4% to $111 million despite 14% revenue growth, as interest income dropped to $5 million and the effective tax rate rose to 24.5% from 18.2%.
General and administrative included a $14 million net legal reserve release; ongoing independent contractor classification litigation, audits, and thousands of individual claims remain unquantified.
Buybacks accelerating: $327 million repurchased in the quarter under a program raised to $3.5 billion in April 2026, with $998 million remaining; shares outstanding fell to 233.0 million.
International revenue was $48 million of $1,043 million total, with no individual international country representing 10% or more of revenue.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
