Maplebear Inc
For the period ended Jun 30, 2024. Filed Aug 9, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 9, 2024
CART$58.47+0.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations
(in millions, except share amounts, which are reflected in thousands, and per share amounts)
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2023 | 2024 | 2023 | 2024 | |
| Revenue | $716 | $823 | $1,475 | $1,643 |
| Cost of revenue | 189 | 200 | 366 | 406 |
| Gross profit | 527 | 623 | 1,109 | 1,237 |
| Operating expenses: | ||||
| Operations and support | 61 | 69 | 128 | 142 |
| Research and development | 130 | 185 | 257 | 300 |
| Sales and marketing | 166 | 203 | 327 | 387 |
| General and administrative | 51 | 114 | 128 | 212 |
| Total operating expenses | 408 | 571 | 840 | 1,041 |
| Income from operations | 119 | 52 | 269 | 196 |
| Other income (expense), net | 3 | (1) | 3 | (2) |
| Interest income | 20 | 17 | 34 | 39 |
| Income before provision for income taxes | 142 | 68 | 306 | 233 |
| Provision for income taxes | 28 | 7 | 64 | 42 |
| Net income | $114 | $61 | $242 | $191 |
| Undistributed earnings attributable to preferred stockholders | (114) | — | (220) | — |
| Accretion related to Series A redeemable convertible preferred stock | — | (3) | — | (5) |
| Net income attributable to common stockholders, basic | $— | $58 | $22 | $186 |
| Undistributed earnings reallocated to common stockholders | — | — | 5 | — |
| Net income attributable to common stockholders, diluted | $— | $58 | $27 | $186 |
| Net income per share attributable to common stockholders: | ||||
| Basic | $— | $0.22 | $0.30 | $0.69 |
| Diluted | $— | $0.20 | $0.27 | $0.64 |
| Weighted-average shares used in computing net income per share attributable to common stockholders: | ||||
| Basic | 72,266 | 265,542 | 72,222 | 270,012 |
| Diluted | 72,266 | 286,256 | 99,334 | 290,983 |
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