Instacart Valuation Multiples

Instacart Overview

About Instacart

Maplebear (Instacart) is a grocery-focused delivery marketplace that connects national and regional grocers with consumers and couriers, and consumers with their favorite stores. Its app provides on-demand convenience for consumers, allows couriers to earn income, and helps grocers to scale their business through digital channels. The marketplace gathers valuable consumer behavior data, attracting consumer-packaged-goods advertisers that seek to reach consumers at the point of purchase. With approximately 600,000 shoppers and 1,800 retail partners, Instacart delivers to about 98% of households in the United States and Canada.

Founded

2012

HQ

Employees

3.3K

Website

instacart.com

Sectors

Food DeliveryConsumer MarketplacesVertical MarketplacesFoodTech

Financials (LTM)

Revenue: $4B

EBITDA: $1B

EV

$9B

Valuation Multiples

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Instacart Financials

Instacart reported last 12-month revenue of $4B and EBITDA of $1B.

In the same LTM period, Instacart generated $3B in gross profit, $1B in EBITDA, and $501M in net income.

Instacart P&L

In the most recent fiscal year, Instacart reported revenue of $4B and EBITDA of $1B.

Instacart expects next 12-month revenue of XXX and NTM EBITDA of XXX

Instacart Stock Performance

Instacart has current market cap of $9B, and enterprise value of $9B.

Instacart's stock price is $39.98.

Instacart Valuation Multiples

Instacart trades at 2.3x EV/Revenue multiple, and 7.8x EV/EBITDA.

Instacart Financial Valuation Multiples

As of April 14, 2026, Instacart has market cap of $9B and EV of $9B.

Equity research analysts estimate Instacart's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Instacart has a P/E ratio of 18.9x.

Instacart Margins & Growth Rates

Instacart's revenue in the last 12 month grew by 11%.

Instacart's revenue per employee in the last FY averaged $1.1M, while opex per employee averaged $0.7M for the same period.

Instacart's rule of 40 is 41% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Instacart's rule of X is 58% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

Instacart Public Comps

See public comps and valuation multiples for other Food Delivery and Consumer Marketplaces comps.

Instacart M&A Activity

Instacart acquired XXX companies to date.

Last acquisition by Instacart was on XXXXXXXX, XXXXX. Instacart acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

Instacart Investment Activity

Instacart invested in XXX companies to date.

Instacart made its latest investment on XXXXXXXX, XXXXX. Instacart invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).