NASDAQ$CART

Instacart · Q1 2025 earnings

Q1 2025 earnings · · After market close · Investor relations

Briefing

Instacart reported Q1 2025 total revenue of $820M with net income of $130M and diluted EPS of $0.43.

Total revenue was $820 million as gross transaction value and advertising grew. Net income was $130 million, or $0.43 per diluted share attributable to common stockholders.

  • Q1 total revenue $820M.
  • Net income $130M; diluted EPS $0.43.
  • GTV and advertising monetization drivers.
  • Partnership and fulfillment economics in MD&A.

Headline financials

Total Revenue

$897M

Previous: $820M+9.4%
EPS (adj)

$0.43

Previous: $0.43+0.0%
Orders

83.2M

Previous: 72.8M+14.3%
Gross Transaction Value

$9.12B

Previous: $8.32B+9.7%
Capital Expenditures

-$18M

Previous: -$14M-28.6%
Net Income

$106M

Previous: $130M-18.5%
Operating Income

$110M

Previous: $144M-23.6%
Gross Profit

$671M

Previous: $614M+9.3%

Revenue & EPS history

Instacart · Revenue · Quarterly

$897M

Q1 2025+9.4%vs Q1 2024
Beat estimate in 5 of 10 quarters(50%)
ActualEstimate

Revenue by segment

Instacart · $764M total across 2 segments · Q3 2023

  • Transaction Revenue
    $542M+11.8%
  • Advertising & Other
    $222M+18.7%

Forward guidance

Management discusses operating priorities, capital allocation, and sector risks in the quarterly filing.

Tailwinds

  • Headline results and segment trends anchor the quarter.
  • Liquidity and balance-sheet capacity support operations.
  • Strategic initiatives outlined in MD&A.

Headwinds

  • Macro, rates, or input costs may pressure margins.
  • One-time items affect year-over-year comparability.
  • Execution risk on growth or restructuring plans.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 14 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

-0.5%

Avg return

Earnings day

-1.1%

Avg return

5 days after

+3.7%

Avg return

30 days after

50%

7 / 14 earnings

Positive

+13.5%

Q1 2025

Best reaction

-14.0%

Q3 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.4%-2.8%+2.6%
Q4 2025+9.2%+9.2%+15.0%
Q3 2025+1.6%+11.7%+18.3%
Q1 2025+13.5%+14.9%+14.7%
Q4 2024-12.3%-20.3%-18.6%
Q3 2024-9.9%-12.0%-12.3%
Q2 2023+0.7%-0.9%+5.9%
Q2 2024+3.9%+2.5%+11.3%
Q1 2024-3.8%-7.4%-12.1%
Q4 2021-0.2%+2.0%+12.5%
Q4 2023-0.2%-2.2%+30.5%
Q4 2022+2.7%+0.2%-1.3%
Q3 2022+2.7%+0.2%-1.3%
Q3 2023-14.0%-10.2%-14.2%
Q1 2023
Q2 2022
Q1 2022
Q3 2021
Q2 2021
Q1 2021

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