DoorDash Files 2024 Annual Report
Ticker: DASH · Form: 10-K · Filed: Feb 14, 2025 · CIK: 1792789
Sentiment: neutral
Topics: 10-K, annual-report, financials
TL;DR
DoorDash dropped its 2024 10-K, check financials for FY ending 12/31/24.
AI Summary
DoorDash, Inc. filed its 10-K for the fiscal year ending December 31, 2024, on February 14, 2025. The filing provides a comprehensive overview of the company's business, financial condition, and results of operations. Key financial data and disclosures for the fiscal years 2024, 2023, and 2022 are included, along with information on common stock, additional paid-in capital, and retained earnings as of December 31, 2024.
Why It Matters
This 10-K filing provides investors and analysts with crucial financial and operational details for DoorDash, Inc., enabling informed decisions about the company's performance and future prospects.
Risk Assessment
Risk Level: medium — This is a standard annual financial filing with no immediate red flags or significant new risks highlighted in the provided snippet.
Key Numbers
- 2024 — Fiscal Year (Reporting period for the 10-K)
- 2023 — Fiscal Year (Comparative financial data)
- 2022 — Fiscal Year (Comparative financial data)
Key Players & Entities
- DoorDash, Inc. (company) — Filer of the 10-K
- 2024-12-31 (date) — Fiscal year end
- 2025-02-14 (date) — Filing date
- 0001792789 (company) — Central Index Key for DoorDash, Inc.
FAQ
What is DoorDash's primary business as described in the 10-K?
The filing identifies DoorDash, Inc. under the Standard Industrial Classification code 7389, which corresponds to SERVICES-BUSINESS SERVICES, NEC, indicating its primary business is in business services.
When was the company incorporated?
DoorDash, Inc. was incorporated in Delaware (DE), as indicated by the 'STATE OF INCORPORATION' field.
What is the company's principal executive office address?
The business and mail address for DoorDash, Inc. is 303 2ND STREET, SOUTH TOWER, 8TH FLOOR, SAN FRANCISCO, CA 94107.
What is the SEC file number for DoorDash's 1934 Act filings?
The SEC file number for DoorDash, Inc. under the 1934 Act is 001-39759.
What are the different classes of common stock mentioned in the filing?
The filing references common stock members for Class A, Class B, and Class C, with specific dates associated with their status as of December 31, 2023, and December 31, 2024.
Filing Stats: 4,450 words · 18 min read · ~15 pages · Grade level 14.3 · Accepted 2025-02-14 16:13:32
Key Financial Figures
- $0.00001 — red Class A common stock, par value of $0.00001 per share DASH The Nasdaq Stock Market
- $18 billion — ople dashed 3 , earning a total of over $18 billion. We believe access and choice are empo
Filing Documents
- dash-20241231.htm (10-K) — 2421KB
- dash-exx43fy2410xkdescript.htm (EX-4.3) — 52KB
- dash-exx191insidertradingp.htm (EX-19.1) — 56KB
- dash-fy2410xkxexx211.htm (EX-21.1) — 8KB
- dash-exx231fy2410xk.htm (EX-23.1) — 2KB
- dash-exx311fy2410xk.htm (EX-31.1) — 10KB
- dash-exx312fy2410xk.htm (EX-31.2) — 10KB
- dash-exx321fy2410xk.htm (EX-32.1) — 8KB
- dash-20241231_g1.jpg (GRAPHIC) — 86KB
- 0001628280-25-005715.txt ( ) — 12637KB
- dash-20241231.xsd (EX-101.SCH) — 76KB
- dash-20241231_cal.xml (EX-101.CAL) — 133KB
- dash-20241231_def.xml (EX-101.DEF) — 398KB
- dash-20241231_lab.xml (EX-101.LAB) — 941KB
- dash-20241231_pre.xml (EX-101.PRE) — 708KB
- dash-20241231_htm.xml (XML) — 1898KB
Risk Factors
Item 1A. Risk Factors 10
Unresolved Staff Comments
Item 1B. Unresolved Staff Comments 49
Cybersecurity
Item 1C. Cybersecurity 49
Properties
Item 2. Properties 50
Legal Proceedings
Item 3. Legal Proceedings 51
Mine Safety Disclosures
Item 4. Mine Safety Disclosures 52 Part II 53
Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 53
[Reserved]
Item 6. [Reserved] 54
Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations 54
Quantitative and Qualitative Disclosures About Market Risk
Item 7A. Quantitative and Qualitative Disclosures About Market Risk 69
Financial Statements and Supplementary Data
Item 8. Financial Statements and Supplementary Data 71
Changes in and Disagreements With Accountants on Accounting and Financial Disclosure
Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure 109
Controls and Procedures
Item 9A. Controls and Procedures 109
Other Information
Item 9B. Other Information 110
Disclosure Regarding Foreign Jurisdictions that Prevent Inspections
Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 110 Part III 111
Directors, Executive Officers and Corporate Governance
Item 10. Directors, Executive Officers and Corporate Governance 111
Executive Compensation
Item 11. Executive Compensation 111
Security Ownership of Certain Beneficial Owner and Management and Related Stockholder Matters
Item 12. Security Ownership of Certain Beneficial Owner and Management and Related Stockholder Matters 111
Certain Relationships and Related Transactions, and Director Independence
Item 13. Certain Relationships and Related Transactions, and Director Independence 111
Principal Accountant Fees and Services
Item 14. Principal Accountant Fees and Services 111 Part IV 112
Exhibits and Financial Statement Schedules
Item 15. Exhibits and Financial Statement Schedules 112
Form 10-K Summary
Item 16. Form 10-K Summary 114
Signatures
Signatures 115 3 Table of Contents SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS This Annual Report on Form 10-K 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 Annual Report on Form 10-K 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 of e
Business
Item 1. Business OUR BUSINESS Our mission is to grow and empower local economies. We aim to do this by providing services that reduce friction in local commerce and help merchants better connect with consumers in their communities. Our primary offerings include the DoorDash Marketplace and the Wolt Marketplace (our "Marketplaces"), and our Commerce Platform. Our Marketplaces operate in over 30 countries, including the United States, and account for the vast majority of our revenue today. Our Marketplaces serve three primary constituents: merchants, consumers, and the independent contractors who use our platform to generate earnings, or "Dashers 1 ." Our Marketplaces provide an integrated suite of services that help merchants establish an online presence, connect with consumers in their communities, and solve mission-critical challenges, such as customer acquisition, demand generation, order fulfillment, merchandising, payment processing, and customer support. We typically earn a fee from merchants for the services we provide based on the size of each transaction. We also offer advertising as a value-added service through our Marketplaces to help merchants and consumer packaged goods companies increase consumer engagement and drive incremental revenue. Consumers access our Marketplaces through our apps and websites to discover, engage with, and purchase goods from merchants in their communities. We seek to attract and retain consumers based primarily on the selection, convenience, quality, affordability, and service we provide. We typically charge consumers fees for each transaction, inclusive of a fixed delivery fee and a service fee that varies based on the size of the transaction. Our Marketplaces also offer our consumer membership programs, DashPass and Wolt+, which aim to lower transactional friction by reducing the delivery and service fees we charge, while providing additional membership benefits. In December 2024, our Marketplaces served over 42 million
Risk Factors
Item 1A. Risk Factors Investing in our Class A common stock involves a high degree of risk. You should carefully consider the risks and uncertainties described below, together with all of the other information in this Annual Report on Form 10-K, including the section titled "Management's Discussion and Analysis of Financial Condition and Results of Operations" and our consolidated financial statements and related notes, before making a decision t