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AI brief of an SEC Form 8-K · Maplebear (CART)

Instacart: Q2 revenue up 11% to $914 million, GAAP net income up 92% to $116 million

Positive Impact 4 of 5 earnings Written later

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.

Key points

  • 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.

The filing

CompanyMaplebear (CART)
Form8-K, current report
Filed with the SECAug 7, 2025, 4:10 PM ET
Accession number0001579091-25-000063

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:12 AM ET, from the text of the filing and its press-release exhibits 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 August 07, 2025.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.