823M 0.4%
Total Revenue QoQ (USD) - Q2 '24

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Income Statement (USD)

Q2 '24 QoQ
Revenue 823M 0.4%
Gross Profit 623M 1.5%
Cost of Revenue 517M 2.2%
Operating expense 571M 21.5%
Net Income 61M 53.1%
EBITDA 71M 60.1%

Balance Sheet (USD)

Q2 '24 QoQ
Total Assets 4.03B 1.7%
Total Liabilities 806M 3.7%
Total Equity 3.04B 3.2%
Shares Outstanding 264M 0.8%

Cash Flow (USD)

Q2 '24 QoQ
Cash from operations 244M 132.4%
Cash from investing -13M 200%
Cash from financing -305M 59.3%

EPS

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Financial Highlights for Instacart in Q2 '24

Instacart reported a revenue of 823M, which is a 0.4% 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 623M, marking a 1.5% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.

Cost of Revenue was 517M, a 2.2% 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 571M, showing a 21.5% 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 61M, showing a -53.1% 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.

The company's EBITDA for the quarter was 71M, showing a -60.1% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.

Instacart faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. An increase in the cost of revenue, higher than the revenue growth, suggests potential margin pressures. Higher operating expenses might indicate increased investments or potential inefficiencies. A decline in EBITDA signals potential operational challenges or increased costs.

The analytics provided are estimates and not a substitute for professional advice. All investments involve risks, including possible capital loss.
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