CART (Maplebear) Research & Development: $670 Mil (TTM As of Mar. 2026)


CART Maplebear Inc CART
63 GF Score
Price $46.93
GF Value $43.43
Valuation Fairly Valued
! 3 Warning Signs
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What is Maplebear Research & Development?

Maplebear CART +0.71% 63 Research & Development is $670 Mil as of Mar. 2026. GuruFocus rates CART with a GF Score™ of 63/100 and a GF Value™ of $43.43 (Fairly Valued). The stock has 3 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Maplebear's Research & Development for the three months ended in Mar. 2026 was $164 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 was $670 Mil.

Maplebear  (NAS:CART) Research & Development Explanation

If competitive advantage is created by a patent or tech advantage, at some point it will disappear.

High R&D usually dictates high SG&A which threatens the competitive advantage.

Maplebear Research & Development Related Terms

Maplebear Research & Development Historical Data

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The historical data trend for Maplebear's Research & Development can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Maplebear Research & Development Chart

Maplebear Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Research & Development
Get a 7-Day Free Trial 368.00 518.00 2,312.00 604.00 650.00

Maplebear Quarterly Data
Dec21 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Research & Development Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 144.00 166.00 169.00 171.00 164.00
CART
63GF Score
Maplebear Inc CART
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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Maplebear Research & Development Calculation

This is the expense the company spent on research and development.

Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $670 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Research & Development →
What does a Research & Development of $670 Mil mean?
Maplebear (CART) has a Research & Development of $670 Mil as of Mar. 2026. Research and development expense is the total cost for research and development activities. View historical data on Maplebear and its competitors.
Is Maplebear's Research & Development too high?
Maplebear's current Research & Development is $670 Mil. Overall, Maplebear has a GF Score™ of 63/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Maplebear's Research & Development compare to CHWY and W?
Maplebear's Research & Development of $670 Mil can be compared against companies in the Retail - Cyclical industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Research & Development for a Retail - Cyclical company?
A good Research & Development depends on the Retail - Cyclical industry context. However, Research & Development should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Research & Development mean?
A high Research & Development can signal that a stock is expensive relative to its fundamentals. Research and development expense is the total cost for research and development activities. View historical data on Maplebear and its competitors. Maplebear's current Research & Development is $670 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Maplebear stock overvalued right now?
Based on GuruFocus' analysis, Maplebear (CART) is currently considered Fairly Valued. The stock's GF Value™ is $43.43, compared to a current price of $46.93 — trading 8.1% above its estimated fair value. The current Research & Development is $670 Mil. Maplebear's overall GF Score™ is 63/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Research & Development calculated?
Research & Development is calculated from a company's financial statements. For Maplebear (CART), the current Research & Development is $670 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Maplebear (CART) Overvalued in 2026?

Based on GuruFocus' analysis, Maplebear stock appears to be overvalued. The current stock price of $46.93 is trading 8.1% above its estimated GF Value™ of $43.43. GuruFocus considers Maplebear to be Fairly Valued.

Key valuation signals for CART:

  • Research & Development: $670 Mil
  • GF Value™: $43.43 vs. price of $46.93 (8.1% above fair value)
  • GF Score™: 63/100 with 3 warning signs

No single metric tells the full story. See the CART stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Maplebear Business Description

Address 50 Beale Street, Suite 600, San Francisco, CA, USA, 94105
Maplebear (Instacart) is a grocery-focused delivery marketplace that connects national and regional grocers with consumers and couriers, and consumers with their favorite stores. Its app provides on-demand convenience for consumers, allows couriers to earn income, and helps grocers to scale their business through digital channels. The marketplace gathers valuable consumer behavior data, attracting consumer-packaged-goods advertisers that seek to reach consumers at the point of purchase. With approximately 600,000 shoppers and 1,800 retail partners, Instacart delivers to about 98% of households in the United States and Canada.
63GF Score

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Research & Development is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$46.93
Price
$43.43
GF Value