Maplebear Inc.

Filing receipts

“Research and Development Expense Three Months Ended March 31, 2025 2026 $ Change % Change (in millions, except percentages) Research and development $ 144 $ 164 $ 20 14 % Percent of revenue 16 % 16 % The increase in research and development expense during the first quarter of 2026, compared to the same period in 2025, was primarily due to a net increase of $13 million in total compensation costs.”

“Cost of Revenue, Gross Profit, and Gross Margin Three Months Ended March 31, 2025 2026 $ Change % Change (in millions, except percentages) Cost of revenue $ 226 $ 281 $ 55 24 % Gross profit $ 671 $ 738 $ 66 10 % Gross margin 75 % 72 % The increase in cost of revenue during the first quarter of 2026, compared to the same period of 2025, was primarily due to an increase of $16 million in credit card processing fees, an increase of $12 million in payments to publishers, and an increase of $10 million in depreciation and amortization expense, primarily related to capitalized internal-use software.”

“The year-over-year decrease in cash provided by operating activities was primarily driven by fluctuations in working capital from general business impacts including (i) the timing of customer, vendor, and other third-party payments and accruals including legal and regulatory matters and sales and indirect taxes; (ii) the timing of spend and usage of software subscriptions for hosting arrangements; and (iii) the overall growth of our business.”