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Maplebear (Instacart) operates a leading grocery delivery platform in the United States and Canada. The company partners with various regional and national grocers, which offer their selection of food and other goods to customers through Instacart’s ubiquitous platform. Once an item is ordered through Instacart’s site, the item is picked and delivered to the customer’s home by one of the platform’s 600,000 shoppers, who are classified as independent contractors. Instacart earns fees based on average order value and leverages its platform’s high usage to sell advertising, mainly to consumer-packaged goods companies. Instacart currently has around 8 million monthly active users (or orderers) on its platform.
2012
3.3K+
LTM Revenue $3.5B
LTM EBITDA $917M
$9.6B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Instacart has a last 12-month revenue of $3.5B and a last 12-month EBITDA of $917M.
In the most recent fiscal year, Instacart achieved revenue of $3.4B and an EBITDA of $556M.
Instacart expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Instacart valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $3.0B | $3.4B | XXX | XXX | XXX |
| Gross Profit | $1.8B | $2.3B | XXX | XXX | XXX |
| Gross Margin | 60% | 67% | XXX | XXX | XXX |
| EBITDA | -$2.1B | $556M | XXX | XXX | XXX |
| EBITDA Margin | -69% | 16% | XXX | XXX | XXX |
| Net Profit | $428M | -$1.6B | XXX | XXX | XXX |
| Net Margin | 14% | -48% | XXX | XXX | XXX |
| Net Debt | n/a | n/a | XXX | XXX | XXX |
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As of April 15, 2025, Instacart's stock price is $42.
Instacart has current market cap of $11.0B, and EV of $9.6B.
See Instacart trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $9.6B | $11.0B | XXX | XXX | XXX | XXX | $1.59 |
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Sign UpAs of April 15, 2025, Instacart has market cap of $11.0B and EV of $9.6B.
Instacart's trades at 2.8x LTM EV/Revenue multiple, and 10.5x LTM EBITDA.
Analysts estimate Instacart's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Instacart and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $9.6B | XXX | XXX | XXX |
| EV/Revenue | 2.9x | XXX | XXX | XXX |
| EV/EBITDA | 17.3x | XXX | XXX | XXX |
| P/E | 24.0x | XXX | XXX | XXX |
| P/E/Growth | 2.8x | XXX | XXX | XXX |
| EV/FCF | 15.5x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpInstacart's NTM/LTM revenue growth is 9%
Instacart's revenue per employee for the last fiscal year averaged $1.0M, while opex per employee averaged $0.6M for the same period.
Over next 12 months, Instacart's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Instacart's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Instacart and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 11% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 16% | XXX | XXX | XXX | XXX |
| EBITDA Growth | -127% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 26% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $1.0M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.6M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | 24% | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 11% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | 18% | XXX | XXX | XXX | XXX |
| Opex to Revenue | 61% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Prosus | XXX | XXX | XXX | XXX | XXX | XXX |
| Just Eat Takeaway.com | XXX | XXX | XXX | XXX | XXX | XXX |
| Eternal | XXX | XXX | XXX | XXX | XXX | XXX |
| VL E-Governance | XXX | XXX | XXX | XXX | XXX | XXX |
| Talabat | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Instacart acquired XXX companies to date.
Last acquisition by Instacart was XXXXXXXX, XXXXX XXXXX XXXXXX . Instacart acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was Instacart founded? | Instacart was founded in 2012. |
| Where is Instacart headquartered? | Instacart is headquartered in United States of America. |
| How many employees does Instacart have? | As of today, Instacart has 3.3K+ employees. |
| Who is the CEO of Instacart? | Instacart's CEO is Ms. Fidji Simo. |
| Is Instacart publicy listed? | Yes, Instacart is a public company listed on NAS. |
| What is the stock symbol of Instacart? | Instacart trades under CART ticker. |
| When did Instacart go public? | Instacart went public in 2023. |
| Who are competitors of Instacart? | Similar companies to Instacart include e.g. Prosus, Just Eat Takeaway.com, Eternal, VL E-Governance. |
| What is the current market cap of Instacart? | Instacart's current market cap is $11.0B |
| What is the current revenue of Instacart? | Instacart's last 12-month revenue is $3.5B. |
| What is the current EBITDA of Instacart? | Instacart's last 12-month EBITDA is $917M. |
| What is the current EV/Revenue multiple of Instacart? | Current revenue multiple of Instacart is 2.8x. |
| What is the current EV/EBITDA multiple of Instacart? | Current EBITDA multiple of Instacart is 10.5x. |
| What is the current revenue growth of Instacart? | Instacart revenue growth between 2023 and 2024 was 11%. |
| Is Instacart profitable? | Yes, Instacart is EBITDA-positive (as of the last 12 months). |
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