Instacart reports Q4 2024 revenue up 10% to $883 million and net income of $148 million
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.
Key points
- 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.
The filing
Written by AI on Nov 8, 2026, 1:12 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 25, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.