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

Instacart Q4 GTV rose 14% as net income fell 46% on a $60 million FTC settlement

Mixed Impact 3 of 5 earnings Written later

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.

Key points

  • 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

The filing

CompanyMaplebear (CART)
Form8-K, current report
Filed with the SECFeb 12, 2026, 4:09 PM ET
Accession number0001579091-26-000006

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

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 12, 2026.

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.