Oct 29, 8:32 AM ET
Instacart (Maplebear Inc.) entered a merger agreement under which DoorDash will acquire it for $65.00 per share, an equity value of approximately $17 billion, with a 26% premium to its October 22, 2026 closing price. Instacart stockholders can elect cash, DoorDash stock, or a mix, subject to proration, and the deal is expected to close in late 2027 or the first half of 2028.
- Cash consideration of $65.00 per share, or 0.3372 DoorDash Class A shares, or $48.75 cash plus 0.0843 DoorDash shares per Instacart share
- Equity value of approximately $17 billion; the stock portion of the consideration is capped at 25% of aggregate consideration
- Closing expected in the end of 2027 or the first half of 2028, subject to Instacart stockholder approval, antitrust clearances and other conditions
- Stockholders holding about 19% of Instacart's outstanding shares have agreed to vote in favor
Read the filing on SEC.gov ↗
Oct 29, 7:38 AM ET
Instacart (Maplebear Inc.) reported third-quarter 2026 results showing total revenue of $1,095 million, up 17% year-over-year, and GAAP net income of $147 million, up 2%. The same day, it agreed to be acquired by DoorDash in a cash-and-stock deal valued at an equity value of approximately $17 billion, and it suspended financial guidance and withdrew its long-term guidance. For shareholders, the outcome now depends on the DoorDash transaction terms rather than standalone guidance.
- Definitive agreement to be acquired by DoorDash (NASDAQ: DASH) in a cash-and-stock deal with an equity value of approximately $17 billion
- Q3 2026 total revenue of $1,095 million, up 17%; GTV of $10,528 million, up 15%
- GAAP net income of $147 million, up 2%; diluted EPS of $0.60 versus $0.51 a year earlier
- Earnings call scheduled for November 5, 2026 cancelled; financial guidance suspended and long-term guidance withdrawn
Read the filing on SEC.gov ↗
Oct 26, 4:09 PM ET
On October 25, 2026, Maplebear Inc.'s board decided to wind down Caper Cart operations to re-align resources toward the company's strategic priorities. The company expects pre-tax charges of $55 million to $80 million, mostly in the fourth quarter of 2026, with $30 million to $50 million expected to require future cash spending, and the company says actual amounts may differ materially from these estimates.
- Pre-tax charges estimated at $55 million to $80 million, primarily in Q4 2026
- Charges include $21 million to $36 million for contract terminations, $22 million to $27 million for asset impairments, and $12 million to $17 million for employee termination costs
- $30 million to $50 million of the charges expected to result in future cash expenditures
- Wind-down expected to be substantially completed by the end of Q2 2027; savings to be reinvested in strategic growth initiatives
Read the filing on SEC.gov ↗
Aug 6, 4:09 PM ET
Instacart reported second-quarter 2026 results for the period ended June 30, 2026, with total revenue up 14% year-over-year to $1,043 million and GAAP net income of $111 million, down 4%. Diluted earnings per share rose to $0.45 from $0.41, and the company gave third-quarter guidance for GTV and Adjusted EBITDA that implies year-over-year growth at the midpoints.
- Total revenue of $1,043 million, up 14% year-over-year; GTV of $10,351 million, up 14%
- GAAP net income of $111 million, down 4%; diluted EPS of $0.45 versus $0.41 a year earlier
- Adjusted EBITDA of $313 million, up 19%; operating cash flow of $493 million
- Q3 2026 guidance: GTV of $10,300 million to $10,550 million and Adjusted EBITDA of $320 million to $340 million
Read the filing on SEC.gov ↗
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