11/9/2023: Instacart Reports First Earnings after IPO
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Instacart reported its first quarterly earnings after IPO yesterday after market close. Revenue was $764M vs. $737M expected. Adjusted EBITA was $163M vs. $120M expected. Technically, the company’s GAAP loss was $2B this quarter. This big loss was due to stock based compensation costs from the IPO. Basically, all the vested RSUs were delivered at IPO and counted as stock based compensation costs. But this is a one time thing. The future SBC cost will be a lot lower. I thought this is a pretty good report but
11/9/2023: Instacart Reports First Earnings after IPO
11/9/2023: Instacart Reports First Earnings…
11/9/2023: Instacart Reports First Earnings after IPO
Instacart reported its first quarterly earnings after IPO yesterday after market close. Revenue was $764M vs. $737M expected. Adjusted EBITA was $163M vs. $120M expected. Technically, the company’s GAAP loss was $2B this quarter. This big loss was due to stock based compensation costs from the IPO. Basically, all the vested RSUs were delivered at IPO and counted as stock based compensation costs. But this is a one time thing. The future SBC cost will be a lot lower. I thought this is a pretty good report but