DoorDash, Inc. Class A Common Stock (DASH)

Operating profit margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating income	US$ in thousands	-38,000	-579,000	-1,032,000	-452,000	-436,000
Revenue	US$ in thousands	10,722,000	8,635,000	6,583,000	4,888,000	2,886,000
Operating profit margin		-0.35%	-6.71%	-15.68%	-9.25%	-15.11%

December 31, 2024 calculation

Operating profit margin = Operating income ÷ Revenue
= $-38,000K ÷ $10,722,000K
= -0.35%

The operating profit margin of DoorDash, Inc. Class A Common Stock has demonstrated a notable trend over the period from December 31, 2020, to December 31, 2024. At the end of 2020, the operating profit margin was recorded at -15.11%, indicating that the company was operating at a significant operating loss relative to its revenue. In 2021, this loss was somewhat reduced, with the operating profit margin improving to -9.25%, reflecting a relative decrease in operating losses and an improved operational efficiency or higher revenues relative to operating expenses.

However, in 2022, the operating profit margin worsened again, declining to -15.68%, which suggests an increase in operating losses or a decline in profitability efficiencies during that period. Despite this setback, subsequent years revealed a consistent positive trend toward operational improvement. In 2023, the operating profit margin significantly improved to -6.71%, nearly halving the previous year's losses, indicative of effective cost management, revenue growth, or improvements in operational productivity.

This positive trajectory continued into 2024, with the operating profit margin reaching -0.35%, approaching a break-even point and signaling a substantial reduction in operating losses. The trend indicates a gradual movement toward operational profitability, demonstrating the company's efforts to optimize its operations and reduce costs relative to revenues. Overall, while DoorDash has historically operated at a loss, the steady improvement in operating profit margin over the recent years suggests an ongoing transition to more sustainable and potentially profitable operations.