DoorDash Files Q3 2024 10-Q
Ticker: DASH · Form: 10-Q · Filed: Oct 30, 2024 · CIK: 1792789
Sentiment: neutral
Topics: 10-Q, financials, quarterly-report
TL;DR
DoorDash's Q3 2024 10-Q is in, check the financials for the latest performance update.
AI Summary
DoorDash, Inc. filed its 10-Q for the period ending September 30, 2024. The filing details the company's financial performance and position, including its common stock, additional paid-in capital, and retained earnings as of December 31, 2022, and September 30, 2024. Specific financial figures for the third quarter and the first nine months of 2024 and 2023 are presented.
Why It Matters
This filing provides investors with crucial financial data for DoorDash, enabling them to assess the company's performance and make informed investment decisions.
Risk Assessment
Risk Level: low — This is a standard quarterly financial filing with no immediate red flags.
Key Numbers
- 2024-09-30 — Period End Date (The latest financial reporting period covered by the 10-Q.)
- 2022-12-31 — Prior Year End Date (Provides a comparison point for financial health.)
- 2024-01-01 — Year-to-Date Start (Beginning of the current fiscal year for reporting.)
Key Players & Entities
- DoorDash, Inc. (company) — Filer of the 10-Q
- 0001792789 (company) — Central Index Key for DoorDash, Inc.
- 20240930 (date) — Period of report for the 10-Q
- 20241030 (date) — Filing date of the 10-Q
FAQ
What is the reporting period for this 10-Q filing?
The reporting period for this 10-Q filing is the quarter ended September 30, 2024.
When was this 10-Q filed with the SEC?
This 10-Q was filed on October 30, 2024.
What is DoorDash's Central Index Key (CIK)?
DoorDash, Inc.'s Central Index Key (CIK) is 0001792789.
What are some of the financial statement components mentioned for December 31, 2022?
The filing mentions common stock, additional paid-in capital, and retained earnings as of December 31, 2022.
What is the fiscal year end for DoorDash, Inc.?
DoorDash, Inc.'s fiscal year ends on December 31.
Filing Stats: 4,701 words · 19 min read · ~16 pages · Grade level 20 · Accepted 2024-10-30 16:07:20
Key Financial Figures
- $0.00001 — red Class A common stock, par value of $0.00001 per share DASH The Nasdaq Stock Market
Filing Documents
- dash-20240930.htm (10-Q) — 1939KB
- dash-exx311q3fy2410xq.htm (EX-31.1) — 11KB
- dash-exx312q3fy2410xq.htm (EX-31.2) — 11KB
- dash-exx321q3fy2410xq.htm (EX-32.1) — 8KB
- 0001628280-24-044312.txt ( ) — 7888KB
- dash-20240930.xsd (EX-101.SCH) — 39KB
- dash-20240930_cal.xml (EX-101.CAL) — 90KB
- dash-20240930_def.xml (EX-101.DEF) — 189KB
- dash-20240930_lab.xml (EX-101.LAB) — 591KB
- dash-20240930_pre.xml (EX-101.PRE) — 407KB
- dash-20240930_htm.xml (XML) — 1162KB
FINANCIAL INFORMATION
Part I FINANCIAL INFORMATION 5
Financial Statements (Unaudited)
Item 1. Financial Statements (Unaudited) 5 Condensed Consolidated Balance Sheets 5 Condensed Consolidated Statements of Operations 6 Condensed Consolidated Statements of Comprehensive Income (Loss) 7 Condensed Consolidated Statements of Redeemable Non-Controlling Interests and Stockholders' Equity 8 Condensed Consolidated Statements of Cash Flows 10 Notes to Condensed Consolidated Financial Statements 11
Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 24
Quantitative and Qualitative Disclosures About Market Risk
Item 3. Quantitative and Qualitative Disclosures About Market Risk 38
Controls and Procedures
Item 4. Controls and Procedures 39
OTHER INFORMATION
Part II OTHER INFORMATION 40
Legal Proceedings
Item 1. Legal Proceedings 40
Risk Factors
Item 1A. Risk Factors 42
Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 83
Defaults Upon Senior Securities
Item 3. Defaults Upon Senior Securities 83
Mine Safety Disclosures
Item 4. Mine Safety Disclosures 83
Other Information
Item 5. Other Information 83
Exhibits
Item 6. Exhibits 84
Signatures
Signatures 85 2 Table of Contents SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q contains forward-looking statements within the meaning of the federal securities laws, which statements involve substantial risks and uncertainties. Forward-looking statements generally relate to future events or our future financial or operating performance. In some cases, you can identify forward-looking statements because they contain words such as "may," "will," "should," "expect," "plan," "anticipate," "could," "would," "intend," "target," "project," "contemplate," "believe," "estimate," "predict," "potential," or "continue" or the negative of these words or other similar terms or expressions that concern our expectations, strategy, plans, or intentions. Forward-looking statements contained in this Quarterly Report on Form 10-Q include, but are not limited to, statements about: our future financial performance, including our expectations regarding our revenue, cost of revenue, operating expenses, financial and operational metrics, our ability to determine reserves, and our ability to maintain or increase long-term profitability; our business and growth strategy and plans, including our ability to successfully execute on such strategy and plans; the sufficiency of our cash, cash equivalents, and marketable securities to meet our liquidity needs; the demand for our platform or for local commerce platforms in general; our ability to attract and retain merchants, consumers, and Dashers; our ability to effectively manage costs related to Dashers; our ability to develop new offerings, services, and features, and bring them to market in a timely and cost-effective manner and make enhancements to our platform; our ability to compete with existing and new competitors in existing and new markets and offerings; our expectations regarding outstanding litigation and legal, tax, and regulatory matters; our expectations regarding the effects
- FINANCIAL INFORMATION
Part I - FINANCIAL INFORMATION
Financial Statements
Item 1. Financial Statements DOORDASH, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (in millions, except share amounts which are reflected in thousands, and per share data) (Unaudited) December 31, 2023 September 30, 2024 Assets Current assets: Cash and cash equivalents $ 2,656 $ 3,664 Short-term marketable securities 1,422 1,300 Funds held at payment processors 356 335 Accounts receivable, net 533 622 Prepaid expenses and other current assets 630 839 Total current assets 5,597 6,760 Long-term restricted cash 11 13 Long-term marketable securities 583 795 Operating lease right-of-use assets 436 380 Property and equipment, net 712 733 Intangible assets, net 659 577 Goodwill 2,432 2,460 Non-marketable equity securities 46 40 Other assets 363 519 Total assets $ 10,839 $ 12,277 Liabilities, Redeemable Non-controlling Interests and Stockholders' Equity Current liabilities: Accounts payable $ 216 $ 191 Operating lease liabilities 68 66 Accrued expenses and other current liabilities 3,126 3,837 Total current liabilities 3,410 4,094 Operating lease liabilities 454 466 Other liabilities 162 139 Total liabilities 4,026 4,699 Commitments and contingencies (Note 7) Redeemable non-controlling interests 7 9 Stockholders' equity: Common stock, $ 0.00001 par value, 6,000,000 Class A shares authorized as of December 31, 2023 and September 30, 2024, 375,987 and 388,547 Class A shares issued and outstanding as of December 31, 2023 and September 30, 2024, respectively; 200,000 Class B shares authorized as of December 31, 2023 and September 30, 2024, 27,241 and 26,615 Class B shares issued and outstanding as of December 31, 2023 and September 30, 2024, respectively; 2,000,000 Class C shares authorized as of December 31, 2023 and September 30, 2024, zero Class C shares issued and outstanding as of December 31, 2023 and September 30, 2024 — — Additional paid-in capital 11,887 12,843 Accumulated other comprehensive income 73 122 Accumulated deficit (