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

Instacart Q1 revenue rises 14% to $1.02 billion; GAAP net income up 36%

Positive Impact 4 of 5 earnings Written later

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.

Key points

  • 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

The filing

CompanyMaplebear (CART)
Form8-K, current report
Filed with the SECMay 6, 2026, 7:03 AM ET
Accession number0001579091-26-000032

Items reported: 1.01 Material Definitive Agreement2.02 Results of Operations2.03 New Direct Financial Obligation8.01 Other Events

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 May 06, 2026.

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.