---
schema_version: "secwatch.filing_event.v1"
accession: "0001579091-24-000006"
form_type: "8-K"
ticker: "CART"
cik: "0001579091"
company_name: "Maplebear Inc."
filed_at: "2024-02-13T23:59:59+00:00"
generated_at: "2026-06-06T03:24:10.298497+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Instacart reports solid Q4 results; announces 250 layoffs, COO resignation, $1B buyback

## Summary
- Q4 results showed ongoing order and GTV growth, expanding profitability; Q1 2024 GTV growth expected to accelerate for fourth consecutive quarter.
- Layoff of ~250 employees (7% of global workforce) approved Feb 9; expects $19-24M in charges, majority in Q1 2024.
- COO Asha Sharma resigns effective March 1, 2024; no replacement planned.
- Share repurchase authorization increased to $1B from $500M; ~$430M remained under previous program.
- Average order value $113; priority delivery on 38% of orders in Q4'23 vs 29% in Q4'22.

## SEC filing metadata
- accession: 0001579091-24-000006
- form_type: 8-K
- ticker: CART
- cik: 0001579091
- company_name: Maplebear Inc.
- filed_at: 2024-02-13T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 2.05, 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1579091/000157909124000006/0001579091-24-000006-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1579091/000157909124000006/cart-20240209.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001579091-24-000006
- JSON: https://secwatch.observer/filing/0001579091-24-000006.json
- Plain text: https://secwatch.observer/filing/0001579091-24-000006.txt

## Key facts
- Earnings Releases
  Maplebear Inc. reported financial results for the full year ended December 31, 2023.
  - Period: the full year ended December 31, 2023
  - Result: reported results
  source text: On February 13, 2024, Maplebear Inc. (the “ Company ”) issued a Shareholder Letter (the “ Letter ”) announcing its financial results for the fourth quarter and full year ended December 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1579091/000157909124000006/0001579091-24-000006-index.htm
- Earnings Releases
  Maplebear Inc. reported financial results for the fourth quarter ended December 31, 2023.
  - Period: the fourth quarter ended December 31, 2023
  - Result: reported results
  source text: On February 13, 2024, Maplebear Inc. (the “ Company ”) issued a Shareholder Letter (the “ Letter ”) announcing its financial results for the fourth quarter and full year ended December 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1579091/000157909124000006/0001579091-24-000006-index.htm
- Executive change
  Asha Sharma resigned as Chief Operating Officer at Maplebear Inc..
  - Action: resigned
  - Role: Chief Operating Officer
  source text: On February 9, 2024, Asha Sharma informed the Company of her decision to resign from her position as Chief Operating Officer of the Company, effective March 1, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1579091/000157909124000006/0001579091-24-000006-index.htm
- Restructurings & Charges
  Maplebear Inc. announced a restructuring with charges of approximately $19 to $24 million affecting workforce (approximately 250 employees).
  - Type: restructuring
  - Charge: approximately $19 to $24 million
  - Affected area: workforce
  - Headcount: approximately 250 employees
  source text: 2024. Any local separations will be determined at the time and as required by any local consultation or process requirements. The Company estimates it will incur approximately $19 to $24 million in non-recurring charges in connection with the Restructuring Plan, predominantly related to cash expenditures for employee transition and severance payments and
  evidence_url: https://www.sec.gov/Archives/edgar/data/1579091/000157909124000006/0001579091-24-000006-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.