Summary
DoorDash, Inc. reported strong performance in its 10-K filing for the period ending December 30, 2024. The company demonstrated significant year-over-year revenue growth of 24%, reaching $10.7 billion, driven by a 20% increase in Marketplace Gross Order Value (GOV) to $80.2 billion. This growth was supported by a 20% rise in Total Orders to 2.6 billion, attributed to increasing consumer numbers and engagement. Importantly, DoorDash achieved GAAP net income of $123 million for the year, a substantial improvement from the $558 million net loss in the prior year. This profitability is further underscored by a substantial increase in Adjusted EBITDA, which grew to $1.9 billion from $1.2 billion in the prior year, reflecting improved operating leverage and efficiency.
Financial Highlights
49 data points| Revenue | $10.72B |
| R&D Expenses | $1.17B |
| Operating Expenses | $10.76B |
| Operating Income | -$38.00M |
| Net Income | $123.00M |
| EPS (Basic) | $0.30 |
| EPS (Diluted) | $0.29 |
| Shares Outstanding (Basic) | 411.55M |
| Shares Outstanding (Diluted) | 430.24M |
Key Highlights
- 1Revenue increased by 24% year-over-year to $10.7 billion.
- 2Marketplace GOV grew by 20% to $80.2 billion.
- 3Total Orders increased by 20% to 2.6 billion.
- 4Achieved GAAP net income of $123 million, a significant turnaround from a net loss of $558 million in the previous year.
- 5Adjusted EBITDA increased by 59.7% to $1.9 billion.
- 6Net Revenue Margin improved to 13.4% from 12.9%, mainly due to higher advertising revenue contribution.
- 7Free Cash Flow increased to $1.8 billion.