Maplebear (CART) Research & Development (2022 - 2026)
Maplebear (CART) posted Research & Development of $230.0 million for Q1 2026, up 34.5% sequentially from $171.0 million in Q4 2025, and up 59.72% YoY from $144.0 million in Q1 2025.
Maplebear (CART) Research & Development (2022 - 2026) Analysis & Trends
Maplebear has reported Research & Development for 5 years, with the latest figure at $230.0 million in Q1 2026.
- Quarterly Research & Development rose 59.72% year-over-year to $230.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $787.0 million (down 14.36% YoY) and the FY2025 annual result came in at $650.0 million, down 19.55% from the prior year.
- Research & Development rose to $230.0 million in Q1 2026 per CART's latest filing, from $171.0 million in the prior quarter.
- Over five years, Research & Development peaked at $455.0 million in Q3 2023 and troughed at $30.0 million in Q4 2022.
- A 5-year average of $195.4 million and a median of $171.0 million in 2025 frame the typical range for Research & Development.
- The sharpest annual moves came in 2023 and 2024: Research & Development soared 583.33% in 2023, then sank 53.19% in 2024.
- Over 5 years, Research & Development stood at $30.0 million in 2022, then jumped by 583.33% to $205.0 million in 2023, then surged by 75.12% to $359.0 million in 2024, then plunged by 52.37% to $171.0 million in 2025, then jumped by 34.5% to $230.0 million in 2026.
- According to Business Quant data, Research & Development over the past three periods registered $230.0 million, $171.0 million, and $169.0 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,931.64 Bn | 2,808.66 Bn | 198.88 Bn | 62.73 Bn |
| 2 | PDD Holdings | 506.17 Bn | 446.63 Bn | 9.83 Bn | -714.26 Mn |
| 3 | Mercadolibre | 98.29 Bn | 83.09 Bn | 4.16 Bn | 1.13 Bn |
| 4 | DoorDash | 92.11 Bn | 86.76 Bn | 2.35 Bn | 821.00 Mn |
| 5 | JD.com | 87.50 Bn | 58.32 Bn | 7.66 Bn | -995.00 Mn |
| 6 | Sea | 78.22 Bn | 69.70 Bn | 3.15 Bn | -1.41 Bn |
| 7 | Ebay | 47.18 Bn | 43.87 Bn | 2.30 Bn | 697.00 Mn |
| 8 | Coupang | 29.74 Bn | 23.63 Bn | 2.49 Bn | - |
| 9 | Zkh | 16.36 Bn | 16.36 Bn | 51.11 Mn | -4.25 Mn |
| 10 | Maplebear | 11.60 Bn | 10.75 Bn | 751.00 Mn | 233.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 233.00 Mn |
| Mar 31, 2026 | 230.00 Mn |
| Dec 31, 2025 | 171.00 Mn |
| Sep 30, 2025 | 169.00 Mn |
| Jun 30, 2025 | 217.00 Mn |
| Mar 31, 2025 | 144.00 Mn |
| Dec 31, 2024 | 359.00 Mn |
| Sep 30, 2024 | 213.00 Mn |
| Jun 30, 2024 | 203.00 Mn |
| Mar 31, 2024 | 115.00 Mn |
| Dec 31, 2023 | 205.00 Mn |
| Sep 30, 2023 | 455.00 Mn |
| Jun 30, 2023 | 166.00 Mn |
| Mar 31, 2023 | 127.00 Mn |
| Dec 31, 2022 | 30.00 Mn |
| Sep 30, 2022 | 127.00 Mn |