---
schema_version: "secwatch.filing_event.v1"
accession: "0001579091-24-000056"
form_type: "8-K"
ticker: "CART"
cik: "0001579091"
company_name: "Maplebear Inc."
filed_at: "2024-05-08T23:59:59+00:00"
generated_at: "2026-06-02T10:00:58.664643+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Instacart (CART) Q1: GTV $8.32B, Adj EBITDA $198M; CFO transition

## Summary
- Q1 GTV $8,319M (+11% YoY), revenue $820M (+8% YoY), GAAP net income $130M.
- Adjusted EBITDA $198M (+17% YoY) above guidance; Q2 outlook: GTV $8.0-8.15B, Adj EBITDA $180M.
- Orders 72.8M (+9% YoY); advertising revenue $217M (+9% YoY).
- CFO Nick Giovanni resigns; Emily Reuter appointed, $500k salary and 123,153 RSU award.

## SEC filing metadata
- accession: 0001579091-24-000056
- form_type: 8-K
- ticker: CART
- cik: 0001579091
- company_name: Maplebear Inc.
- filed_at: 2024-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1579091/000157909124000056/0001579091-24-000056-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1579091/000157909124000056/cart-20240507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001579091-24-000056
- JSON: https://secwatch.observer/filing/0001579091-24-000056.json
- Plain text: https://secwatch.observer/filing/0001579091-24-000056.txt

## Key facts
- Earnings Releases
  Maplebear Inc. reported financial results for first quarter ended March 31, 2024.
  - Period: first quarter ended March 31, 2024
  - Result: reported results
  source text: On May 8, 2024, Maplebear Inc. (the “ Company ”) issued a Shareholder Letter (the “ Letter ”) announcing its financial results for the first quarter ended March 31, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1579091/000157909124000056/0001579091-24-000056-index.htm
- Executive change
  Emily Reuter was appointed as Chief Financial Officer at Maplebear Inc..
  - Action: appointed
  - Role: Chief Financial Officer
  source text: On May 7, 2024, the Company appointed Emily Reuter to serve as the Company’s Chief Financial Officer, effective as of the Effective Date.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1579091/000157909124000056/0001579091-24-000056-index.htm
- Executive change
  Nick Giovanni resigned as Chief Financial Officer at Maplebear Inc..
  - Action: resigned
  - Role: Chief Financial Officer
  source text: On May 7, 2024, Nick Giovanni informed the Company of his decision to resign from his position as the Company’s Chief Financial Officer, effective immediately following the filing of the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2024
  evidence_url: https://www.sec.gov/Archives/edgar/data/1579091/000157909124000056/0001579091-24-000056-index.htm

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