DoorDash, Inc. Class A Common Stock (DASH)

Gross profit margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Gross profit	US$ in thousands	5,180,000	4,046,000	2,995,000	2,550,000	1,518,000
Revenue	US$ in thousands	10,722,000	8,635,000	6,583,000	4,888,000	2,886,000
Gross profit margin		48.31%	46.86%	45.50%	52.17%	52.60%

December 31, 2024 calculation

Gross profit margin = Gross profit ÷ Revenue
= $5,180,000K ÷ $10,722,000K
= 48.31%

The gross profit margin of DoorDash, Inc. Class A Common Stock has exhibited a fluctuating trend over the analyzed period from December 31, 2020, to December 31, 2024. Starting at 52.60% at the end of 2020, the gross profit margin experienced a slight decline to 52.17% by the end of 2021. This marginal decrease indicates a marginal narrowing of gross profitability relative to revenues during this period.

By the end of 2022, the gross profit margin further declined to 45.50%, reflecting a more significant reduction in gross profitability margins. This decline may suggest increasing cost of goods sold or operational expenses that impacted gross profit relative to revenues. In subsequent years, the margin showed signs of recovery, rising to 46.86% at the end of 2023, representing a modest improvement from the previous year.

This upward movement continued into 2024, with the gross profit margin reaching 48.31%, nearing levels observed at the beginning of the analyzed period. Overall, the gross profit margin experienced an initial decline, reaching a low point in 2022, followed by a gradual recovery in the subsequent two years. The recent upward trend suggests some improvements in cost management or revenue quality, enhancing profitability margins.