Latest Annual Report
Filed: 2026-02-26
Key Insights
- Maplebear Inc. (CART) reported a decline in revenue over the past 3 years from $375 million in 2023 to $386 million in 2025, indicating potential challenges in the company's growth trajectory.
- The company's Series A redeemable convertible preferred stock has been increasing steadily, potentially signaling further dilution for common shareholders.
- Maplebear is heavily dependent on its top customers, with Customers A and B accounting for a significant portion of its revenue, posing concentration risk.