DoorDash, Inc. (NASDAQ:DASH)

Revenue

Revenue has demonstrated a consistent and significant upward trend over the period analyzed. Starting at 2,886 million US dollars, it increased to 4,888 million in the following year, representing robust growth. This positive trajectory continued steadily, reaching 6,583 million, then 8,635 million, and ultimately 10,722 million by the end of the period. This pattern indicates successful business expansion and increasing sales volume.

Loss from Operations

The loss from operations showed fluctuations rather than a steady trend. Initially, the company experienced operational losses of 436 million US dollars, which slightly increased to 452 million the subsequent year. However, there was a substantial increase in operational loss to 1,124 million in the third year, indicating heightened operational challenges or increased expenses. Following this peak, losses decreased noticeably to 579 million and further down to 38 million, signaling improved operational efficiency or cost management.

Net Income (Loss) Attributable to Common Stockholders

Net income (loss) attributable to common stockholders mirrored the operational losses pattern, with all figures initially reflecting a net loss. The net loss began at 461 million US dollars, marginally increasing to 468 million. A sharp escalation to a loss of 1,365 million occurred in the third year, aligning with operational loss trends. Subsequent years showed a recovery, with the net loss decreasing significantly to 558 million, and ultimately transitioning to a positive net income of 123 million by the end of the last period, indicating a turnaround to profitability.

The analysis of the financial data reveals a consistent upward trend in both current assets and total assets over the five-year period from 2020 to 2024. Current assets showed a decline from US$5,517 million in 2020 to US$4,565 million in 2021, indicating a reduction during that year. However, from 2021 onwards, current assets increased steadily, reaching US$7,386 million by the end of 2024, which reflects a significant recovery and growth in liquid or short-term resources.

Total assets increased year-over-year across the period. Starting at US$6,353 million in 2020, total assets rose to US$6,809 million in 2021, followed by more marked growth to US$9,789 million in 2022. The upward momentum continued with further increases to US$10,839 million in 2023 and US$12,845 million in 2024. This progression suggests expansion in the company’s overall asset base, signifying potential growth in investments, property, or other long-term and current assets.

Current Assets

Initial decrease in 2021, followed by consistent growth through 2024, indicating improving liquidity position after a temporary dip.

Total Assets

Consistent annual increase, with notable acceleration from 2021 to 2022, and continued growth thereafter, reflecting ongoing asset accumulation and possibly business expansion.

Overall, the data points to a strengthening asset base, with recovering and increasing current assets bolstering short-term financial flexibility, alongside growing total assets supporting longer-term growth prospects.

The financial data reveals several notable trends over the five-year period ending December 31, 2024.

Current Liabilities

Current liabilities have exhibited a steadily increasing trend, rising from US$1,402 million in 2020 to US$4,438 million in 2024. This growth indicates a significant increase in short-term obligations that the company is expected to settle within one year.

Total Liabilities

Total liabilities also show a consistent upward trajectory, increasing from US$1,653 million in 2020 to US$5,035 million in 2024. The rise in total liabilities is somewhat proportional to the growth in current liabilities, implying that both short-term and long-term obligations have expanded during this period.

Convertible Notes

Convertible notes were reported as US$364 million in 2020 but have no recorded values in subsequent years, suggesting these financial instruments were either redeemed, converted, or otherwise removed from the balance sheet after 2020.

Stockholders’ Equity

Stockholders’ equity remained relatively stable from 2020 to 2021, slightly decreasing from US$4,700 million to US$4,667 million. However, from 2021 onwards, equity increased notably, reaching US$7,803 million in 2024. This upward movement points to enhanced shareholder value, possibly driven by retained earnings, capital infusions, or other equity enhancements.

Overall, the company's liabilities have grown significantly, pointing to increased financial leverage or operational scale, while equity growth in later years suggests strengthening financial foundations or capital structure adjustments. The absence of convertible notes after 2020 may indicate a strategic shift in financing methods.

Operating Activities Cash Flow

The net cash provided by operating activities showed significant fluctuations over the analyzed period. Starting at 252 million US dollars at the end of 2020, it increased sharply to 692 million in 2021. This was followed by a decline to 367 million in 2022. However, the figure rebounded substantially in the subsequent years, reaching 1,673 million in 2023 and further increasing to 2,132 million by the end of 2024. Overall, there is a strong upward trend from 2020 to 2024, indicating improving cash generation from core business operations in the more recent years.

Investing Activities Cash Flow

Cash used in investing activities remained negative throughout the period, reflecting continuous investment outflows. The usage was moderate at 192 million US dollars at the end of 2020, then escalated sharply to 2,047 million in 2021. After this peak, the outflow decreased significantly to 300 million in 2022 and remained relatively consistent at 342 million in 2023 and 444 million in 2024. This pattern suggests a major investment push in 2021 with subsequent scaling back, but maintaining steady investment expenditures in the following years.

Financing Activities Cash Flow

Net cash provided by financing activities demonstrated considerable volatility. A substantial inflow of 3,996 million US dollars was recorded at the end of 2020, which transitioned to net outflows from 2021 onwards. The outflows were -483 million in 2021, -375 million in 2022, with a further increase in outflows to -752 million in 2023. By 2024, the outflow decreased to -204 million. This indicates a shift from heavy financing inflows initially to a phase of net repayments or reductions in financing activities, pointing to a possible strategy of deleveraging or reduced capital raising in more recent periods.

The financial data for the periods ending December 31 from 2020 to 2024 reveals notable fluctuations in earnings per share (EPS) for the company under review. Both basic and diluted EPS follow a parallel trajectory with identical values reported for each year, indicating no significant difference between the basic and diluted shares outstanding during these periods.

Earnings Per Share (Basic and Diluted)

In 2020, the company experienced a significant loss per share, with a value of -7.39 US dollars. This loss considerably diminished in 2021 to -1.39 US dollars per share, suggesting an improvement in profitability or operational efficiency. However, in 2022, EPS again deteriorated to -3.68 US dollars, pointing to renewed challenges or higher expenses impacting net income negatively.

By 2023, earnings improved once more, with EPS closing at -1.42 US dollars, indicating a trend towards recovery. The data for 2024 shows a positive EPS of 0.30 US dollars basic and 0.29 US dollars diluted, which marks a significant turnaround from consistent negative earnings in prior years to profitability.

Dividend Per Share

No dividends were declared or paid out across all the reported periods, which typically aligns with companies that are either in growth phases, undergoing financial recovery, or prioritizing reinvestment over cash distributions to shareholders.

In summary, the earnings per share demonstrate a volatile but improving trend over the five-year span, moving from deep losses to a positive profit in the latest period. The absence of dividends indicates a retained earnings strategy, possibly to support operational expansion or address financial stabilization needs. Monitoring subsequent periods will be important to confirm whether the positive earnings trend is sustainable and whether dividend policies might evolve.