Every material Form 8-K Maplebear has filed with the SEC since August 06, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
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
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Earnings call scheduled for November 5, 2026 cancelled; financial guidance suspended and long-term guidance withdrawn
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
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
Instacart reported first-quarter 2026 revenue of $1,019 million, up 14% year over year, and GAAP net income of $144 million, up 36%. The company also raised its share repurchase authorization to $3.5 billion from $2.5 billion and entered a $500 million unsecured revolving credit agreement, undrawn at closing.
Q1 2026 total revenue $1,019 million, up 14%; GAAP net income $144 million, up 36%
Adjusted EBITDA $300 million, up 23%; free cash flow $253 million, down 10% from $280 million
Q2 2026 outlook: GTV $10,100 million to $10,250 million; Adjusted EBITDA $290 million to $300 million
Board approved on April 27, 2026 a repurchase authorization of $3.5 billion, up from $2.5 billion; about $323 million remained under the prior program as of March 31, 2026
Maplebear Inc., which operates as Instacart, reported fourth-quarter 2025 results on February 12, 2026, with total revenue up 12% to $992 million and adjusted EBITDA up 20% to $303 million. GAAP net income fell 46% to $81 million, mainly due to higher general and administrative expense that included a $60 million FTC settlement. The company guided first-quarter 2026 GTV to $10,125 million to $10,275 million and adjusted EBITDA to $280 million to $290 million.
Q4 2025 GTV of $9,852 million, up 14% year-over-year; orders of 89.5 million, up 16%
Total revenue of $992 million, up 12%; GAAP net income of $81 million, down 46%
Adjusted EBITDA of $303 million, up 20%; Q4 repurchases of $1.1 billion of shares
Q1 2026 outlook: GTV of $10,125 million to $10,275 million; adjusted EBITDA of $280 million to $290 million
Fidji Simo, who had remained Chair after resigning as CEO and President, informed Instacart on November 21, 2025 that she will resign as Chair and as a director once the Board appoints a new Chair. The Board named Chris Rogers Chair on November 24, 2025, and reduced the Board from ten directors to nine. The filing says her resignation is not due to any disagreement with the Company.
Fidji Simo notified the Company of her resignation as Chair and director on November 21, 2025, effective upon appointment of a new Chair.
Chris Rogers was appointed Chair by the Board on November 24, 2025, succeeding Ms. Simo.
Board size reduced from ten directors to nine in connection with the resignation.
The filing states the resignation is not due to any disagreement with the Company or its operations, policies, or practices.
Maplebear (Instacart) reported third-quarter 2025 revenue of $939 million, up 10% year-over-year, and GAAP net income of $144 million, up 22%. Its board also raised the share repurchase authorization to $2.5 billion from $1 billion, and the company plans a $250 million accelerated share repurchase, which matters to shareholders as a large capital return and a sign of confidence in its cash generation.
Q3 2025 orders of 83.4 million, up 14% year-over-year; GTV of $9,170 million, up 10%
Total revenue $939 million, up 10%; GAAP gross profit $692 million, up 8%, but a lower share of GTV and revenue than in Q3 2024
GAAP net income $144 million, up 22%; adjusted EBITDA $278 million, up 22%
Q4 2025 outlook: GTV of $9,450 million to $9,600 million and adjusted EBITDA of $285 million to $295 million; $250 million accelerated share repurchase with Goldman Sachs expected to begin November 11, 2025
Maplebear Inc. (Instacart) expanded its board to ten directors and appointed Josh Silverman, CEO of Etsy, Inc., as a Class I director effective August 15, 2025. The filing also confirms that Chris Rogers became CEO and President and Fidji Simo resigned from those roles on the same date, while Simo remains Chair.
Board expanded to ten directors; Silverman's term expires at the 2027 Annual Meeting of Stockholders.
Silverman is compensated under the non-employee director compensation policy and has signed the standard indemnification agreement.
Chris Rogers's appointment as CEO and President and Fidji Simo's resignation from those roles also took effect August 15, 2025.
The filing includes no financial results; the attached press release announces only Silverman's board appointment.
Instacart reported second-quarter 2025 results on August 7, 2025. Orders rose 17% to 82.7 million, GTV rose 11% to $9,081 million, and GAAP net income was $116 million, up 92% year-over-year, while the company also gave third-quarter GTV and adjusted EBITDA guidance. The shareholder letter also said Chris Rogers is the right leader for the company's next chapter as CEO, a leadership change shareholders will track.
Total revenue was $914 million, up 11% year-over-year; GAAP gross profit was $678 million, up 9%, but 74% of total revenue versus 76% in Q2 2024.
GAAP net income was $116 million, up 92%; adjusted EBITDA was $262 million, up 26%.
Q3 2025 outlook: GTV of $9,000 million to $9,150 million and adjusted EBITDA of $260 million to $270 million.
The letter says Chris Rogers will be Instacart's next CEO; the excerpt gives no effective date.
Maplebear said CEO and President Fidji Simo will resign effective August 15, 2025, to pursue another opportunity, and she will remain Board Chair. Chris Rogers, the company's Chief Business Officer, was appointed CEO and President and a Class II director, effective the same date, with the Board expanding from eight to nine directors. Separately, the Board approved raising the share repurchase authorization to $1 billion from $750 million.
Simo's resignation takes effect August 15, 2025; the filing says it is not due to any disagreement with the company.
Rogers, 46, has been Chief Business Officer since September 2022; his base salary will be CAD $1,370,000 per year.
Rogers's promotion RSUs are targeted at about $15 million in grant value, subject to Board or Compensation Committee approval; Simo's unvested time-vesting awards are forfeited as of the effective date.
The Board raised the buyback authorization to $1 billion on May 22, 2025, with about $218 million of prior capacity remaining as of March 31, 2025.
Maplebear Inc. (Instacart) said CEO Fidji Simo notified the company on May 7, 2025, of her intent to resign as CEO to pursue another opportunity, with the resignation date still to be determined. She will remain Board Chair, and the company says a new CEO will be announced soon. The company also reaffirmed its second quarter and fiscal 2025 financial outlook given on May 1, 2025.
CEO Fidji Simo notified the company on May 7, 2025, of her intent to resign as CEO.
The date of her resignation as CEO has not yet been determined.
Simo will continue as Chair of the Board of Directors.
The company reaffirmed its second quarter and fiscal 2025 outlook first given on its May 1, 2025 earnings call.
Maplebear Inc. (Instacart) reported first-quarter 2025 results on May 1, 2025, with orders up 14% year-over-year to 83.2 million, GTV up 10% to $9,122 million, and total revenue up 9% to $897 million. GAAP net income fell $24 million year-over-year to $106 million, while Adjusted EBITDA rose 23% to $244 million, and the company guided second-quarter GTV to $8,850 million to $9,000 million and Adjusted EBITDA to $240 million to $250 million. For shareholders, revenue and Adjusted EBITDA grew, but GAAP profit declined, and the company repurchased $94 million of shares in the quarter.
Q1 2025 orders of 83.2 million, up 14% year-over-year; GTV of $9,122 million, up 10%
Total revenue of $897 million, up 9%; advertising and other revenue of $247 million, up 14%
GAAP net income of $106 million, down $24 million year-over-year; Adjusted EBITDA of $244 million, up 23%
Q2 2025 outlook: GTV of $8,850 million to $9,000 million and Adjusted EBITDA of $240 million to $250 million
Instacart's chief accounting officer, Alan Ramsay, is resigning effective March 10, 2025, and the company says the resignation is not tied to any disagreement or to its operations, policies, or practices. The board appointed Lisa Blackwood-Kapral, formerly chief accounting officer at Lyft, to succeed him effective the same date.
Alan Ramsay informed the company of his resignation on February 28, 2025; he will assist with the transition through March 14, 2025.
The board appointed Lisa Blackwood-Kapral as chief accounting officer and principal accounting officer on March 3, 2025.
Her offer includes a $425,000 base salary, a restricted stock unit award with an approximate target grant date fair value of $3,000,000, and a $75,000 cash sign-on bonus.
Instacart, which files under Maplebear Inc., reported fourth-quarter 2024 results on February 25, 2025, with revenue up 10% year-over-year and GAAP net income up $13 million. The company also gave a first-quarter 2025 outlook calling for adjusted EBITDA of $220 million to $230 million, which it says is up year-over-year, and 2025 stock-based compensation of less than $425 million.
Q4 2024 total revenue was $883 million, up 10% year-over-year, and GTV was $8,645 million, up 10%.
Q4 2024 GAAP net income was $148 million, up $13 million year-over-year; adjusted EBITDA was $252 million, up 27%.
Q4 2024 operating cash flow was $153 million, a decrease of $80 million year-over-year, due to working capital fluctuations.
Q1 2025 outlook: GTV of $9,000 million to $9,150 million and adjusted EBITDA of $220 million to $230 million.
Maplebear Inc. (Instacart) reported third-quarter 2024 results on November 12, 2024, with GTV of $8,303 million, up 11% year-over-year, and total revenue of $852 million, up 12%. GAAP net income was $118 million and adjusted EBITDA was $227 million, up 39%, and the company gave a fourth-quarter GTV outlook of $8,500 million to $8,650 million. On November 5, 2024, the Board raised the share repurchase authorization to $750 million from $500 million, which matters to shareholders because it adds capacity to buy back stock.
Total revenue was $852 million, up 12% year-over-year; GAAP net income was $118 million, the fourth straight quarter of positive GAAP net income.
Adjusted EBITDA was $227 million, up 39%; operating cash flow was $185 million, up 67%.
Q4 2024 outlook: GTV of $8,500 million to $8,650 million and adjusted EBITDA of $230 million to $240 million.
Board approved a buyback of up to $750 million on November 5, 2024, up from $500 million authorized in June 2024; about $68 million remained under the previous program as of September 30, 2024.
Maplebear Inc. expanded its board from eight to nine directors and appointed Mary Beth Laughton as a Class I director, effective immediately. Her term runs to the 2027 Annual Meeting of Stockholders, and she will receive standard non-employee director compensation.
Board appointment made August 16, 2024, effective immediately, with board size increased from eight to nine
Laughton was Head of Nike Global Direct to Consumer since August 2023 and previously led Athleta as CEO from October 2019 to March 2023
Her term expires at the 2027 Annual Meeting of Stockholders
Filing states no related-party transactions requiring disclosure and she will join the company's standard indemnification agreement
Instacart (Maplebear Inc.) reported second-quarter 2024 results on August 6, 2024, with total revenue of $823 million, up 15% year-over-year, and adjusted EBITDA of $208 million, up 89%. GAAP net income fell $53 million to $61 million, which the company attributes mainly to higher stock-based compensation after its September 2023 IPO. The company also gave third-quarter adjusted EBITDA guidance of $205 million to $215 million and authorized a new $500 million buyback.
Total revenue of $823 million, up 15% year-over-year; GTV of $8,194 million, up 10%
GAAP net income of $61 million, down $53 million year-over-year, mainly due to higher stock-based compensation
Adjusted EBITDA of $208 million, above the $180 million to $190 million guidance range
Q3 2024 outlook: GTV of $8,100 million to $8,250 million and adjusted EBITDA of $205 million to $215 million; new $500 million buyback program
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