Instacart IPO Presentation Deck
GAAP to Non-GAAP Reconciliation
($ in millions)
Operations and support expense
Add (Deduct)
Depreciation and amortization expense
Adjusted operations and support expense
Operations and support expense as % of GTV
Adjusted operations and support expense as % of GTV
Research and development expense
Add (Deduct)
Depreciation and amortization expense
Stock-based compensation expense
Acquisition-related expenses
Adjusted research and development expense
Research and development expense as % of GTV
Adjusted research and development expense as % of GTV
GTV
March 31, 2022
$71
$71
1.0%
1.0%
$114
(1)
(4)
$109
1.6%
1.5%
$7,277
June 30, 2022
$59
(1)
$58
0.8%
0.8%
$129
(1)
(3)
$125
1.8%
1.8%
$7,079
Quarter Ended
September 30,
2022
$57
(1)
$56
0.8%
0.8%
$127
(1)
(3)
(1)
$122
1.8%
1.7%
$7,080
December 31,
2022
$65
$65
0.9%
0.9%
$148
(1)
(8)
$139
2.0%
1.9%
$7,390
March 31, 2023
$67
(1)
$66
0.9%
0.9%
$127
(1)
(2)
$124
1.7%
1.7%
$7,465
June 30, 2023
$61
(1)
$60
0.8%
0.8%
$130
(1)
(2)
$127
1.7%
1.7%
$7,472View entire presentation