Maplebear Inc.
For the period ended Dec 31, 2025. Filed Feb 26, 2026.
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FY2025 · Filed Feb 26, 2026
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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Consolidated Statements of Cash Flows
| Year Ended December 31, | |||
|---|---|---|---|
| 2023 | 2024 | 2025 | |
| OPERATING ACTIVITIES | |||
| Net income (loss) | $(1,622) | $457 | $447 |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | |||
| Depreciation and amortization expense | 43 | 56 | 91 |
| Stock-based compensation expense | 2,756 | 300 | 352 |
| Impairments of long-lived assets and other assets | — | — | 24 |
| Provision for bad debts | 23 | 19 | 15 |
| Amortization of operating lease right-of-use assets | 14 | 11 | 8 |
| Deferred income taxes | (459) | 59 | 98 |
| Other | (4) | 4 | (2) |
| Changes in operating assets and liabilities, net of effects of business acquisitions: | |||
| Accounts receivable | (33) | (185) | (121) |
| Prepaid expenses and other assets | (22) | (58) | (30) |
| Accounts payable | (16) | 8 | (11) |
| Accrued and other current liabilities | (62) | 42 | 100 |
| Deferred revenue | 18 | 4 | 10 |
| Operating lease liabilities | (15) | (16) | (7) |
| Other long-term liabilities | (35) | (14) | (2) |
| Net cash provided by operating activities | 586 | 687 | 971 |
| INVESTING ACTIVITIES | |||
| Purchases of marketable securities | (110) | (110) | (280) |
| Maturities of marketable securities | 301 | 70 | 243 |
| Purchases of property and equipment, including capitalized internal-use software | (54) | (64) | (61) |
| Acquisitions of businesses, net of cash acquired | — | — | (106) |
| Other investing activities | (2) | (3) | (5) |
| Net cash provided by (used in) investing activities | 135 | (107) | (208) |
| FINANCING ACTIVITIES | |||
| Proceeds from the issuance of common stock upon initial public offering, net of underwriting discounts | 401 | — | — |
| Proceeds from the issuance of Series A redeemable convertible preferred stock | 175 | — | — |
| Taxes paid related to net share settlement of equity awards | (570) | (101) | (24) |
| Proceeds from exercise of stock options | 6 | 80 | 8 |
| Changes in advances from payment card issuer | — | 10 | 12 |
| Deferred offering costs paid | (6) | — | — |
| Repurchases of common stock (1) | (36) | (1,402) | (1,386) |
| Net cash used in financing activities | (30) | (1,413) | (1,391) |
| Effect of foreign exchange on cash, cash equivalents, and restricted cash and cash equivalents | 3 | (11) | 4 |
| Net increase (decrease) in cash, cash equivalents, and restricted cash and cash equivalents | 694 | (844) | (623) |
| Cash, cash equivalents, and restricted cash and cash equivalents - beginning of period | 1,599 | 2,293 | 1,449 |
| Cash, cash equivalents, and restricted cash and cash equivalents - end of period | $2,293 | $1,449 | $827 |
(1) Includes a $50 million upfront payment to repurchase shares of the Company’s common stock under the ASR Agreement. Refer to Note 12 — Stockholders’ Equity for further discussion.
CONSOLIDATED STATEMENTS OF CASH FLOWS, CONTINUED
| Year Ended December 31, | |||
|---|---|---|---|
| 2023 | 2024 | 2025 | |
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION | |||
| Cash paid for income taxes, net of tax refunds | $54 | $13 | $43 |
| SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES | |||
| Stock-based compensation capitalized as internal-use software | $56 | $35 | $42 |
| Conversion of redeemable convertible preferred stock to common stock in connection with initial public offering | $2,822 | $— | $— |
| Reclassification of deferred offering costs to additional paid-in capital upon initial public offering | $9 | $— | $— |
| Accretion of Series A redeemable convertible preferred stock | $2 | $9 | $9 |
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION RELATED TO LEASES | |||
| Cash paid for amounts included in the measurement of operating lease liabilities | $16 | $16 | $9 |
| Lease liabilities arising from obtaining right-of-use assets | $6 | $1 | $— |
| Remeasurement of operating lease right of use assets | $— | $1 | $17 |
| RECONCILIATION OF CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AND CASH EQUIVALENTS TO THE CONSOLIDATED BALANCE SHEETS | |||
| Cash and cash equivalents | $2,137 | $1,278 | $637 |
| Restricted cash and cash equivalents, current | 137 | 152 | 172 |
| Restricted cash and cash equivalents, noncurrent | 19 | 19 | 18 |
| Total cash, cash equivalents, and restricted cash and cash equivalents | $2,293 | $1,449 | $827 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.