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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 852M | 3.5% |
| Gross Profit | 641M | 2.9% |
| Cost of Revenue | 501M | 3.1% |
| Operating expense | 503M | 11.9% |
| Net Income | 118M | 93.4% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 3.93B | 2.5% |
| Total Liabilities | 870M | 7.9% |
| Total Equity | 2.87B | 5.5% |
| Shares Outstanding | 257M | 2.5% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 185M | 24.2% |
| Cash from investing | -26M | 100% |
| Cash from financing | -301M | 1.3% |
EPS
Financial Highlights for Instacart in Q3 '24
Instacart reported a revenue of 852M, which is a 3.5% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 641M, marking a 2.9% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 501M, a -3.1% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 503M, showing a -11.9% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 118M, showing a 93.4% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
It was a positive quarter for Instacart with growth in revenue, gross profit, and net income. A decline in EBITDA signals potential operational challenges or increased costs.
