What is the 13F Pro Quality Score for CART?

13F Pro ranks Maplebear Inc. (CART) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View CART's current score at https://13fpro.ai/research/CART (free sign-up required for the full ranking).

Which hedge funds own the most CART stock?

Based on the most recent Form 13F-HR filings on SEC EDGAR, the largest reported institutional holders of CART include SC US (TTGP), LTD., D1 Capital Partners L.P., BlackRock,. Holdings are reported quarterly within 45 days of quarter-end and updated on https://13fpro.ai/research/CART as soon as new 13F filings post.

Where does 13F Pro source CART data?

All Maplebear Inc. fundamentals and ownership data come directly from SEC EDGAR. Maplebear Inc. files with the SEC under CIK 1579091. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is CART in?

Maplebear Inc. (CART) is classified in the Industrials sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/industrials.

What drives CART's revenue?

Per Maplebear Inc.'s latest 10-Q filed with the SEC on 2026-05-07, the biggest revenue drivers are: Transaction revenue ($733M, +13% YoY); Advertising and other revenue ($286M, +16% YoY). Figures are extracted from the filing text and machine-verified against the document. Full breakdown at https://13fpro.ai/research/CART.

What are CART's largest expenses?

Maplebear Inc.'s latest 10-Q reports these as the largest expense items: Cost of revenue ($281M, +24% YoY); Sales and marketing ($230M, +6% YoY); Research and development ($164M, +14% YoY). Sourced directly from SEC EDGAR filing text for Q1 2026 (quarter ended March 31, 2026).

How often is CART research updated on 13F Pro?

CART's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

Maplebear Inc.(CART)Stock Analysis

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13F Pro Quality Score

76.4/100

Rank #105 of 2,879 stocksTOP 5%

View Industrials peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.

Revenue Growth

83.1/100

Profitability

74.6/100

Balance Sheet

92.1/100

Earnings Quality

73.7/100

Free Cash Flow

83.4/100

Institutional Flow

58.1/100

Revenue Scale

73.5/100

Dilution Risk

17.5/100

CART Stock Analysis & AI Quality Score

AI stock analysis and institutional research for Maplebear Inc. (CART), a Industrials sector company. 13F Pro's AI-powered ranking engine scores CART at 76.4/100 on a 32-signal composite quality model, placing it at rank #105 of 2,879 stocks — the top 5% of the AI-ranked universe. CART scores in the top quartile across balance sheet strength (92.1), free cash flow (83.4), revenue growth (83.1). Shareholder dilution risk is elevated at 17.5/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q1 2026), Maplebear Inc. reports quarterly revenue of $1.0B, net income of $144.0M, an operating margin of 17.9%. 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. Maplebear Inc.'s 13F Pro composite quality score has ranged between 8 and 79 since 2024, currently 76.4 — an improving long-term trajectory across 44 quarterly and live scoring snapshots.

✦

Fun facts about Maplebear Inc.

Quirks, history, and lore behind CART — the kind of stuff that makes a stock memorable.

1
The Basics
U.S. technology platform company · listed on Nasdaq · headquartered in San Francisco · operates in the gig economy space.
2
The Numbers
Revenue in the low billions annually, driven almost entirely by transaction fees charged to retailers and consumers — the company owns no stores and carries no inventory.
3
The History
Founded around 2012, it grew rapidly by recruiting armies of independent contractors to do the physical work its app coordinates, going public in 2023.
4
The Secret
Its real customers aren't shoppers — they're grocery chains and big-box retailers who pay for its fulfillment technology and advertising platform, which has become a growing profit engine.
5
The Lore
During the COVID-19 pandemic it became something close to essential infrastructure, as locked-down households suddenly needed someone else to brave the cereal aisle for them.
6
The Giveaway
You tap the app, a personal shopper grabs your groceries, and they appear at your door — this company is the platform behind the little green carrot logo you see on delivery bags.

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What's Driving CART's Business? Latest 10-Q Breakdown

✓ 32/32 datapoints verified

AI-extracted from Maplebear Inc.'s 10-Q filed 2026-05-07 — Q1 2026 (quarter ended March 31, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

Revenue grew 14% YoY to $1,019M driven by 13% GTV growth and 16% advertising revenue growth, with net income surging 36% to $144M.

Biggest Revenue Drivers

Total revenue: $1,019M+14% YoY

Transaction revenue$733M+13% YoY

Growth driven by 13% GTV growth and increased fulfillment efficiencies, partially offset by lower payment revenue.

Advertising and other revenue$286M+16% YoY

Driven by increase in advertising volume, activity on platform, and strength from emerging and mid-size brand partners.

Largest Expense Items

Cost of revenue$281M+24% YoY

Increase of $16M in credit card processing fees, $12M in payments to publishers, and $10M in depreciation/amortization.

Sales and marketing$230M+6% YoY

Increase primarily due to $10M in increased paid marketing costs.

Research and development$164M+14% YoY

Primarily due to net increase of $13M in total compensation costs.

General and administrative$88M-30% YoY

Decrease of $46M in accruals for legal matters and sales and indirect taxes.

Margins: Gross margin decreased 3 percentage points to 72% as cost of revenue grew 24% faster than revenue. Operating margin improved significantly to 18% of revenue from 12% prior year, benefiting from operating leverage and reduced legal/tax accruals.

Watch Items from the Filing

Two customers (Customer A and Customer E) represent 10% and 12% respectively of accounts receivable as of March 31, 2026, indicating material customer concentration risk.
Gross margin compressed 3 percentage points YoY to 72% due to cost of revenue growing faster than revenue, with depreciation and processing fees driving the increase.
Company paid $60M FTC regulatory settlement in January 2026 related to marketing and Instacart+ membership practices (consent order with no liability admission).
Free cash flow declined 10% to $253M YoY despite 36% net income growth, primarily due to working capital fluctuations and $60M regulatory settlement payment.

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-Q on SEC EDGAR →Share on X

Revenue

Q1 2026

$1.0B

Net Income

Q1 2026

$144.0M

Free Cash Flow

Q1 2026

$252.0M

Operating Margin

Q1 2026

17.9%

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro+

Revenue

+10.8% YoY

$3.74BFY 2025

FY22 $2.55BFY23 $3.04BFY24 $3.38BFY25 $3.74B

Net Income

-2.2% YoY

$447.0MFY 2025

FY22 $428.0MFY23 $-1.62BFY24 $457.0MFY25 $447.0M

Operating Income

+1.8% YoY

$498.0MFY 2025

FY22 $62.0MFY23 $-2.14BFY24 $489.0MFY25 $498.0M

EPS (Diluted)

+1.3% YoY

$1.60FY 2025

FY22 $0.24FY23 $-12.43FY24 $1.58FY25 $1.60

Total Assets

-10.4% YoY

$3.69BFY 2025

FY22 $3.67BFY23 $4.73BFY24 $4.12BFY25 $3.69B

Op. Cash Flow

+41.3% YoY

$971.0MFY 2025

FY22 $277.0MFY23 $586.0MFY24 $687.0MFY25 $971.0M

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$3.74B +10.8%	$3.38B +11.0%	$3.04B +19.2%	$2.55B +39.1%	$1.83B	—
Net Income	$447.0M -2.2%	$457.0M +128.2%	$-1.62B -479.0%	$428.0M +686.3%	$-73.0M	—
Operating Income	$498.0M +1.8%	$489.0M +122.8%	$-2.14B -3554.8%	$62.0M +172.1%	$-86.0M	—
EPS (Diluted)	$1.60 +1.3%	$1.58 +112.7%	$-12.43 -5279.2%	$0.24 +185.7%	$-0.28	—
Total Assets	$3.69B -10.4%	$4.12B -12.9%	$4.73B +28.8%	$3.67B	—	—
Operating Cash Flow	$971.0M +41.3%	$687.0M +17.2%	$586.0M +111.6%	$277.0M +235.8%	$-204.0M	—

AI Insight: CART Financial Trends

Revenue crossed $1B in Q1 2026 while operating income hit a five-quarter high of $182M, signaling durable margin expansion despite a sharp Q4 2025 earnings dip.

• Revenue grew steadily from $823M in Q2 2024 to $1,019M in Q1 2026, a 23.8% increase over six quarters.

• Operating income surged to $182M in Q1 2026, the highest in the dataset, up from $52M in Q2 2024.

• Operating cash flow remained strong at $268M in Q1 2026, recovering after dipping to $153M in Q4 2024.

• Equity contracted sharply from $3,458M in Q3 2025 to $2,395M in Q1 2026, a $1,063M decline in two quarters.

⚠ Net income collapsed to $81M in Q4 2025 despite $992M revenue — the sharpest earnings drop in the dataset; cause warrants scrutiny.

⚠ Equity fell $940M+ over Q4 2025–Q1 2026; absent debt data, whether buybacks or losses drove this is unclear.

⚠ No debt figures are available across all periods, making leverage assessment and balance-sheet risk impossible to evaluate.

AI Insight: CART Ratio Trends

CART's Q1 2026 ROIC surged to 30.4%, its highest in the dataset, signaling a sharp step-up in capital efficiency.

• ROIC expanded from 13.9% in Q1 2025 to 30.4% in Q1 2026, a 16.5pp year-over-year improvement.

• Operating margin rose from 12.3% in Q1 2025 to 17.9% in Q1 2026, continuing a year-over-year expansion trend.

• ROE jumped from 13.4% in Q1 2025 to 24.1% in Q1 2026, the highest quarterly reading in the dataset.

• Results show consistent seasonal softness in Q1 and Q4, with Q4 2025 OpMargin dropping to 9.8% before rebounding.

⚠ Q4 2025 OpMargin collapsed to 9.8% — lowest since Q2 2024 — suggesting recurring fourth-quarter cost or revenue pressure.

⚠ D/E is unavailable across all periods; leverage structure remains unverifiable, a key gap for balance-sheet assessment.

⚠ Q1 2026 ROIC of 30.4% is a significant outlier; sustainability into Q2 2026 will confirm whether this is structural.

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Available Research

13F Pro tracks comprehensive data for Maplebear Inc. including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of CART

SC US (TTGP), LTD.
$1.0B27,928,385 sh
D1 Capital Partners L.P.
$845.0M22,558,255 sh
BlackRock, Inc.
$632.8M16,892,199 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$310.4M8,285,209 sh
VANGUARD CAPITAL MANAGEMENT LLC
$289.7M7,733,941 sh
FMR LLC
$225.5M6,019,927 sh
STATE STREET CORP
$206.5M5,511,341 sh
DIMENSIONAL FUND ADVISORS LP
$186.6M4,981,960 sh
GCM Grosvenor Holdings, LLC
$155.1M4,140,924 sh
Holocene Advisors, LP
$146.5M3,911,872 sh

Fund	Value	Shares
SC US (TTGP), LTD.	$1.0B	27,928,385
D1 Capital Partners L.P.	$845.0M	22,558,255
BlackRock, Inc.	$632.8M	16,892,199
VANGUARD PORTFOLIO MANAGEMENT LLC	$310.4M	8,285,209
VANGUARD CAPITAL MANAGEMENT LLC	$289.7M	7,733,941
FMR LLC	$225.5M	6,019,927
STATE STREET CORP	$206.5M	5,511,341
DIMENSIONAL FUND ADVISORS LP	$186.6M	4,981,960
GCM Grosvenor Holdings, LLC	$155.1M	4,140,924
Holocene Advisors, LP	$146.5M	3,911,872

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Is CART a good stock to buy?

13F Pro's AI-powered analysis of Maplebear Inc. (CART) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Industrials sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for CART are available on the CART stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.

Which hedge funds own CART?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling CART. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Maplebear Inc.'s investment landscape.