Income Statement
Quarterly Data
The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.
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- Statement of Comprehensive Income
- Cash Flow Statement
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Profitability Ratios
- Analysis of Long-term (Investment) Activity Ratios
- Selected Financial Data since 2020
- Net Profit Margin since 2020
- Total Asset Turnover since 2020
- Price to Earnings (P/E) since 2020
- Price to Operating Profit (P/OP) since 2020
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DoorDash, Inc., consolidated income statement (quarterly data)
US$ in millions
Based on: 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31).
- Revenue Trends
- Revenue exhibited a consistent upward trajectory from Q1 2021 through Q3 2025, increasing from $1,077 million to $3,446 million. This steady growth highlights ongoing expansion in business operations over the analyzed period.
- Cost of Revenue
- Costs directly associated with revenue, excluding depreciation and amortization, rose in absolute terms throughout the timeline, reaching $1,687 million by Q3 2025 compared to $563 million in Q1 2021. Although rising, the increase in costs was proportionally slower than revenue growth, supporting improved gross profitability.
- Gross Profit Development
- Gross profit grew substantially, moving from $514 million in Q1 2021 to $1,759 million in Q3 2025. This growth, aligned with increasing revenue and slower cost escalation, reflects enhanced operational efficiency and business scale benefits.
- Operating Expenses
- Sales and marketing expenses remained relatively stable in percentage terms with some fluctuations, peaking at $607 million in Q2 2025 but decreasing thereafter. Research and development expenses steadily increased, indicating continued investment in innovation, reaching $355 million in Q3 2025. General and administrative expenses showed variability, with a notable peak at $494 million in Q2 2024, suggesting periods of increased overhead or restructuring.
- Depreciation and Amortization
- Depreciation and amortization steadily increased during the period, rising from $29 million to $169 million, indicative of growing capital investments such as technology or infrastructure assets.
- Restructuring Charges
- Restructuring charges appeared intermittently with notable amounts in Q4 2022 ($84 million) and minor amounts in other quarters, indicating occasional restructuring activities affecting financial results.
- Operating Income (Loss)
- Operating results fluctuated between losses and profits. Initial losses deepened through 2022, with a peak loss of -$370 million in Q4 2021, then improved substantially from 2023 onward, turning positive with $258 million in Q3 2025. This suggests successful operational adjustments or cost controls leading to profitability improvements.
- Interest and Other Income/Expenses
- Interest income increased consistently, from minimal amounts to $71 million by Q3 2025, indicating growing cash or investments generating income. Interest expense remained low and sporadic. Other income and expenses saw significant volatility, with substantial negative impacts in Q4 2022 and Q4 2023 attributable likely to one-time charges.
- Income Before Taxes and Tax Provision
- Income before income taxes followed a pattern similar to operating income, with losses deepening through late 2022 and improving markedly from 2023 onwards. Tax provisions varied, occasionally showing benefits and charges, reflective of changing profitability and tax strategies.
- Net Income Trends
- Net income, attributable to common stockholders, reflected substantial losses early on, worsening through 2022 with a low of -$640 million in Q4 2022. However, from 2023 a marked improvement ensued, culminating in positive net income of $244 million by Q3 2025. This transition indicates significant strides toward sustained profitability.