Every material Form 8-K Maplebear filed with the SEC in 2025, 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.
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.
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.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Maplebear filing is on SEC EDGAR ↗. 8-K briefs of other companies →