DoorDash, Inc. operates a logistics platform that connects merchants, consumers, and dashers in the United States and internationally. It operates DoorDash and Wolt marketplaces, which provides an array of services that enable merchants to solve mission-critical challenges, such as customer acquisition, delivery, insights and analytics, merchandising, payment processing, and customer support; DashPass and Wolt+, a membership products; and offers DoorDash Drive and Wolt Drive, a white-label delivery fulfillment services; DoorDash Storefront that enables merchants to offer consumers on-demand access to e-commerce; and Bbot, which offers merchants digital ordering and payment solutions for in-store and online channels. The company was formerly known as Palo Alto Delivery Inc. and changed its name to DoorDash, Inc. in 2015. DoorDash, Inc. was incorporated in 2013 and is headquartered in San Francisco, California.

DoorDash, Inc.

Revenue

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Research and Development

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Income from Operations

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Net Income Including Redeemable Non-Controlling Interests

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Premium Paid on Repurchase of Redeemable Convertible Preferred Stock

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Deemed Dividend to Preferred Stockholders

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Less: Net Loss Attributable to Redeemable Non-Controlling Interests

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Net Income Attributable to DoorDash, Inc. Common Stockholders

Net Income Attributable to DoorDash, Inc. Common Stockholders %Chg

Net Income Attributable to DoorDash, Inc. Common Stockholders Common Size

Basic

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Diluted

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Total Revenues

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Cost of Sales

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Interest and Investment Income

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Consolidated Net Income

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Net Income Attributable to Minority Interests and Other

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EBIT

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Adjusted Funds From Operations

Income Statement	LTM	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18
Total Revenues	12,635	10,722	8,635	6,583	4,888	2,886	885	291
Total Revenues %Chg	24.5%	24.2%	31.2%	34.7%	69.4%	226.1%	204.1%	—
Revenue
Cost of Sales	6,256	5,542	4,589	3,588	2,338	1,368	523	228
Cost of Revenue
Gross Profit	6,379	5,180	4,046	2,995	2,550	1,518	362	63
Gross Profit Margin	50.5%	48.3%	46.9%	45.5%	52.2%	52.6%	40.9%	21.6%
Selling, General & Administrative Expenses	3,754	3,489	3,111	2,829	2,416	1,513	839	213
Sales and Marketing
General and Administrative
Depreciation & Amortization Expenses	621	561	509	369	156	120	32	9
Depreciation and Amortization
Research & Development Expenses	1,309	1,168	1,003	829	430	321	107	51
Research and Development
Other Operating Expenses	2	—	2	92	—	—	—	—
Restructuring Charges
Operating Profit	693	-38	-579	-1,124	-452	-436	-616	-210
Income from Operations
Operating Margin	5.5%	-0.4%	-6.7%	-17.1%	-9.2%	-15.1%	-69.6%	-72.2%
Interest and Investment Income	220	199	152	30	-11	7	18	7
Interest Income, Net
Interest Expense	—	—	—	—	—	-32	—	-1
Interest Expense
Non-Operating Income	-20	-5	-107	-305	—	3	-68	—
Other Expense, Net
Total Non-Operating Income	200	194	45	-275	-11	-22	-50	6
Income Before Provision for Income Taxes	893	156	-534	-1,399	-463	-458	-666	-204
Income Before Income Taxes
Provision for Income Taxes	35	39	31	-31	5	3	1	—
Provision for Income Taxes
Consolidated Net Income	858	117	-565	-1,368	-468	-461	-667	-204
Net Income Including Redeemable Non-Controlling Interests
Net Income Attributable to Minority Interests and Other	-5	-6	-7	-3	—	—	—	—
Less: Net Loss Attributable to Redeemable Non-Controlling Interests
Net Income Attributable to Preferred Dividends	—	—	—	—	—	—	1	3
Premium Paid on Repurchase of Redeemable Convertible Preferred Stock
Deemed Dividend to Preferred Stockholders
Net Income Attributable to Common Shareholders	863	123	-558	-1,365	-468	-461	-668	-207
Net Income Attributable to DoorDash, Inc. Common Stockholders
Basic EPS	2	0.3	-1.4	-3.7	-1.4	-7.4	-15.4	-4.7
Diluted EPS	2	0.3	-1.4	-3.7	-1.4	-7.4	-15.4	-4.7
Basic Weighted Average Shares Outstanding	423	411.6	392.9	371.4	336.8	62.4	43.3	44.3
Total Shares Outstanding	431	419.7	403.2	391.5	346.5	318.5	43.9	41.8
Diluted Weighted Average Shares Outstanding	433.8	430.2	392.9	371.4	336.8	62.4	43.3	44.3
EBITDA	1,314	523	-70	-755	-296	-316	-584	-201
Effective Tax Rate	3.9%	25%	-5.8%	2.2%	-1.1%	-0.7%	-0.2%	—