DoorDash, Inc. Class A Common Stock (DASH)

Net profit margin

		Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020
Net income (ttm)	US$ in thousands	339,000	123,000	-172,000	-407,000	-420,000	-559,000	-1,047,000	-1,270,000	-1,363,000	-1,362,000	-875,000	-680,000	-519,000	-468,000	-625,000	-567,000	-442,000	-461,000	-283,000
Revenue (ttm)	US$ in thousands	11,241,000	10,722,000	10,152,000	9,610,000	9,113,000	8,635,000	8,150,000	7,687,000	7,162,000	6,583,000	6,065,000	5,639,000	5,267,000	4,888,000	4,558,000	4,162,000	3,601,000	2,886,000	2,214,000
Net profit margin		3.02%	1.15%	-1.69%	-4.24%	-4.61%	-6.47%	-12.85%	-16.52%	-19.03%	-20.69%	-14.43%	-12.06%	-9.85%	-9.57%	-13.71%	-13.62%	-12.27%	-15.97%	-12.78%

March 31, 2025 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $339,000K ÷ $11,241,000K
= 3.02%

The net profit margin of DoorDash, Inc. Class A Common Stock exhibits a consistent trend of negative values from September 2020 through March 2025, indicating ongoing challenges in converting revenue into profit. Initially, the margin was notably negative, reaching -12.78% in September 2020 and deepening further to -20.69% by December 2022. Throughout this period, the margin fluctuated within a negative range, reflecting persistent operating losses with intermittent improvements.

From December 2022 onward, a gradual trend of improvement is apparent. The net profit margin narrowed to -6.47% in December 2023 and continued to recover, reaching nearly breakeven at an impressive 1.15% by December 2024. This turnaround signifies a notable shift towards profitability, with the margin progressing into positive territory.

The most recent data from March 2025 shows a positive net profit margin of 3.02%, suggesting that the company has achieved consistent profitability in the latest quarter. Overall, the trajectory indicates a significant improvement from persistent losses to modest profitability, reflecting enhanced operational efficiency, cost management, or revenue growth strategies over the analyzed period.