Maplebear Inc.
For the period ended Mar 31, 2025. Filed May 8, 2025.
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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.
Mar 31, 2025 · Filed May 8, 2025
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 March 31, | ||
|---|---|---|
| 2024 | 2025 | |
| Revenue | $820 | $897 |
| Cost of revenue | 206 | 226 |
| Gross profit | 614 | 671 |
| Operating expenses: | ||
| Operations and support | 73 | 75 |
| Research and development | 115 | 144 |
| Sales and marketing | 184 | 216 |
| General and administrative | 98 | 126 |
| Total operating expenses | 470 | 561 |
| Income from operations | 144 | 110 |
| Other expense, net | (1) | — |
| Interest income | 22 | 14 |
| Income before provision for income taxes | 165 | 124 |
| Provision for income taxes | 35 | 18 |
| Net income | $130 | $106 |
| Accretion related to Series A redeemable convertible preferred stock | (2) | (2) |
| Net income attributable to common stockholders, basic | $128 | $104 |
| Accretion related to Series A redeemable convertible preferred stock | 2 | — |
| Net income attributable to common stockholders, diluted | $130 | $104 |
| Net income per share attributable to common stockholders: | ||
| Basic | $0.47 | $0.40 |
| Diluted | $0.43 | $0.37 |
| Weighted-average shares used in computing net income per share attributable to common stockholders: | ||
| Basic | 274,763 | 262,432 |
| Diluted | 302,126 | 277,193 |
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