Annual Report — FY 2024
Filed February 14, 2025
Revenue surged 24% year-over-year as DoorDash continued expanding both its U.S. marketplace dominance and international footprint through Wolt, which now operates across roughly two dozen countries. The company is clearly past the "growth at all costs" phase — stock-based compensation remains elevated but the business is generating meaningful operating leverage, with the path to sustained profitability now the central investor narrative. A $800 million revolving credit facility extended through April 2029 and an active share repurchase program signal management's confidence, while the international segment remains the key swing factor for whether DoorDash can convert its scale into durable, profitable growth.
Filing details
Performance by segment
Single Reportable Segment
DoorDash operates as a single reportable segment. Total revenue grew 24% YoY to $10.7 billion in 2024, driven by 20% growth in Marketplace GOV to $80.2 billion and 20% growth in Total Orders to 2.6 billion. The company achieved its first full-year GAAP net income of $123 million compared to a net loss of $558 million in 2023, while Adjusted EBITDA grew 60% to $1.9 billion.
“Our mission is to grow and empower local economies. We aim to do this by providing services that reduce friction in local commerce and help merchants better connect with consumers in their communities.”