Maplebear Inc.
CART · Services-Business Services, NEC · 235.0M shares · +41%/yr ↑ dilution · EDGAR filings ↗
Net buyback after stock comp: -$2.7B (gross $36M, SBC $2.8B)
Reference price $41.24 · est. market cap ~$9.7B — last insider sale, 2026-06-15 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
B82gen composite 77pct→82
Notable findings
- Chronic dilutionShare count +41%/yr over 2y (dilution, book value/share -66%)
- Fund exitedNotable fund(s) exited this quarter: VANGUARD GROUP INC, Bridgewater Associates, LP
- Strong balance sheetStrong balance sheet — $768M cash & investments
- Notable holderHeld by 5 notable fund(s): FMR LLC, STATE STREET CORP, GOLDMAN SACHS GROUP INC +2 more (as of 2026-03-31)
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
73.7%
Operating margin
13.3%
Net margin
11.9%
Return on equity
17.8%
Return on assets
12.1%
ROIC
15.6%
Revenue growth (QoQ)
13.6%
Net-income growth
-2.2%
Current ratio
2.4×
Free cash flow
$910M
EBITDA
$589M
Tangible book value
$2.1B
Cash & investments
$768M
Stock comp / revenue
9.4%
Leadership & compensation
| Name | Role | Latest total comp |
|---|---|---|
| Chris Rogers | President and CEO | $30M FY2025 |
| BLACKWOOD-KAPRAL LISA | Chief Accounting Officer | — |
| Daniel Danker | Chief Product Officer | $13M FY2025 |
| Emily Reuter | CHIEF FINANCIAL OFFICER | $14M FY2025 |
| Morgan Fong | Chief Legal Officer | $12M FY2025 |
| Fidji Simo | Officer | $22M FY2025 |
| Dan Sundheim | Director | $351K FY2025 |
| Frank Slootman | Director | $20K FY2025 |
| Josh Silverman | Director | $422K FY2025 |
| Lily Sarafan | Director | $377K FY2025 |
| Mary Beth Laughton | Director | $346K FY2025 |
| Meredith Kopit Levien | Director | $366K FY2025 |
| Michael Moritz | Director | $365K FY2025 |
| Ravi Gupta | Director | $379K FY2025 |
| Sundheim Daniel S. | Director | — |
| Victoria Dolan | Director | $366K FY2025 |
Officers & directors from SEC filings (Form 4 + DEF 14A proxy); compensation is the latest reported fiscal year.
Insider transactions · last 6 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-15 | BLACKWOOD-KAPRAL LISA | Sell | 3.0K | $41.24 |
| 2026-06-02 | Gupta Ravi | Sell | 181K | $41.51 |
| 2026-06-01 | Rogers Chris | Sell | 7.9K | $40.66 |
| 2026-05-22 | Sarafan Lily | Grant | 6.0K | — |
| 2026-05-22 | KOPIT LEVIEN MEREDITH A. | Grant | 6.0K | — |
| 2026-05-22 | Silverman Josh | Grant | 6.0K | — |
| 2026-05-22 | Sundheim Daniel S. | Grant | 6.0K | — |
| 2026-05-22 | Dolan Victoria L | Grant | 6.0K | — |
| 2026-05-22 | Gupta Ravi | Grant | 6.0K | — |
| 2026-05-22 | Laughton Mary Beth | Grant | 6.0K | — |
| 2026-05-18 | Fong Morgan | Sell | 13K | $39.88 |
| 2026-05-18 | Fong Morgan | Sell | 1.5K | $40.39 |
| 2026-05-15 | Rogers Chris | Tax withheld | 45K | $38.47 |
| 2026-05-15 | Reuter Emily | Tax withheld | 27K | $38.47 |
| 2026-05-15 | Fong Morgan | Tax withheld | 16K | $38.47 |
| 2026-05-15 | BLACKWOOD-KAPRAL LISA | Tax withheld | 6.1K | $38.47 |
| 2026-04-15 | Rogers Chris | Grant | 376K | — |
| 2026-04-15 | Reuter Emily | Grant | 254K | — |
| 2026-04-15 | Fong Morgan | Grant | 187K | — |
| 2026-04-15 | BLACKWOOD-KAPRAL LISA | Grant | 21K | — |
| 2026-04-15 | BLACKWOOD-KAPRAL LISA | Sell | 9.4K | $40.25 |
| 2026-03-16 | BLACKWOOD-KAPRAL LISA | Sell | 9.4K | $38.74 |
| 2026-03-11 | Fong Morgan | Option exercise | 110K | $7.32 |
| 2026-03-11 | Fong Morgan | Sell | 75K | $36.87 |
| 2026-03-11 | Fong Morgan | Sell | 35K | $37.57 |
| 2026-03-11 | Fong Morgan | Sell | 11K | $36.87 |
| 2026-03-11 | Fong Morgan | Sell | 5.0K | $37.59 |
| 2026-02-25 | Sarafan Lily | Sell | 3.5K | $36.53 |
| 2026-02-15 | Rogers Chris | Tax withheld | 45K | $36.30 |
| 2026-02-15 | Reuter Emily | Tax withheld | 22K | $36.30 |
| 2026-02-15 | Fong Morgan | Tax withheld | 13K | $36.30 |
| 2026-02-15 | BLACKWOOD-KAPRAL LISA | Tax withheld | 19K | $36.30 |
| 2026-01-09 | Fong Morgan | Option exercise | 10K | $7.32 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-05-29 | Shareholder vote | filing ↗ |
| 2026-05-06 | Material agreementResultsDebt obligationOtherExhibits | filing ↗ |
| 2026-02-12 | ResultsExhibits | filing ↗ |
| 2025-11-25 | Exec/director change | filing ↗ |
| 2025-11-10 | ResultsOtherExhibits | filing ↗ |
| 2025-08-15 | Exec/director changeReg FDExhibits | filing ↗ |
| 2025-08-07 | ResultsExhibits | filing ↗ |
| 2025-05-28 | Exec/director changeOtherExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-05-29 | 2026-05-22 | 0001628280-26-039143 ↗ |
| 10-Q | 2026-05-07 | 2026-03-31 | 0001579091-26-000036 ↗ |
| 8-K | 2026-05-06 | 2026-05-01 | 0001579091-26-000032 ↗ |
| DEF 14A | 2026-04-09 | 2025-12-31 | 0001579091-26-000024 ↗ |
| 10-K | 2026-02-26 | 2025-12-31 | 0001579091-26-000018 ↗ |
| 8-K | 2026-02-12 | 2026-02-12 | 0001579091-26-000006 ↗ |
| 8-K | 2025-11-25 | 2025-11-21 | 0001628280-25-053981 ↗ |
| 10-Q | 2025-11-10 | 2025-09-30 | 0001579091-25-000097 ↗ |
| 8-K | 2025-11-10 | 2025-11-10 | 0001579091-25-000095 ↗ |
| 8-K | 2025-08-15 | 2025-08-11 | 0001579091-25-000071 ↗ |
| 10-Q | 2025-08-08 | 2025-06-30 | 0001579091-25-000067 ↗ |
| 8-K | 2025-08-07 | 2025-08-07 | 0001579091-25-000063 ↗ |