For the year ending 2025-12-31, CART had -$623M decrease in cash & cash equivalents over the period. $910M in free cash flow.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net income (loss) | 447 | 457 | -1,622 |
| Depreciation and amortization expense | 91 | 56 | 43 |
| Stock-based compensation expense | 352 | 300 | 2,756 |
| Amortization of common stock warrants | - | - | 0 |
| Amortization and remeasurement of common stock issuable pursuant to subscription agreement | - | - | 0 |
| Impairments of long-lived assets and other assets | 24 | - | - |
| Provision for bad debts | 15 | 19 | 23 |
| Amortization of operating lease right-of-use assets | 8 | 11 | 14 |
| Deferred income taxes | 98 | 59 | -459 |
| Other | 2 | -4 | 4 |
| Accounts receivable | 121 | 185 | 33 |
| Prepaid expenses and other assets | 30 | 58 | 22 |
| Accounts payable | -11 | 8 | -16 |
| Accrued and other current liabilities | 100 | 42 | -62 |
| Deferred revenue | 10 | 4 | 18 |
| Operating lease liabilities | -7 | -16 | -15 |
| Other long-term liabilities | -2 | -14 | -35 |
| Net cash provided by operating activities | 971 | 687 | 586 |
| Purchases of marketable securities | 280 | 110 | 110 |
| Maturities of marketable securities | 243 | 70 | 301 |
| Purchases of property and equipment, including capitalized internal-use software | 61 | 64 | 54 |
| Purchases of patents | - | - | 2 |
| Acquisitions of businesses, net of cash acquired | 106 | 0 | 0 |
| Other investing activities | 5 | 3 | - |
| Net cash provided by (used in) investing activities | -208 | -107 | 135 |
| Proceeds from the issuance of common stock upon initial public offering, net of underwriting discounts | 0 | 0 | 401 |
| Proceeds from the issuance of series a redeemable convertible preferred stock-Redeemable Convertible Preferred Stock | - | - | 0 |
| Proceeds from the issuance of series a redeemable convertible preferred stock-Series ARedeemable Convertible Preferred Stock | - | - | 175 |
| Proceeds from the issuance of series a redeemable convertible preferred stock | 0 | 0 | - |
| Taxes paid related to net share settlement of equity awards | 24 | 101 | 570 |
| Proceeds from exercise of stock options | 8 | 80 | 6 |
| Proceeds from exercise of common stock warrants | - | 0 | 0 |
| Changes in advances from payment card issuer | 12 | 10 | - |
| Proceeds from modification of common stock warrants | - | 0 | 0 |
| Proceeds from the issuance of non-voting common stock | - | - | 0 |
| Deferred offering costs paid | 0 | 0 | 6 |
| Repurchases of common stock | 1,386 | 1,402 | 36 |
| Net cash used in financing activities | -1,391 | -1,413 | -30 |
| Effect of foreign exchange on cash, cash equivalents, and restricted cash and cash equivalents | 4 | -11 | 3 |
| Net increase (decrease) in cash, cash equivalents, and restricted cash and cash equivalents | -623 | -844 | 694 |
| Cash, cash equivalents, and restricted cash and cash equivalents - beginning of period | 1,449 | 2,293 | 1,599 |
| Cash, cash equivalents, and restricted cash and cash equivalents - end of period | 827 | 1,449 | 2,293 |
Maplebear Inc. (CART)
Maplebear Inc. (CART)