AddedRisk Factors
•the impact of acquired technologies and businesses and our ability to successfully integrate acquired technologies and businesses into our own;
DASHDoorDash
Our mission is to grow and empower local economies. 10-K, Item 1
- Employees
- 31,400
- Headquarters
- San Francisco, CA
- CEO
- Tony Xu
- Next results
- around Feb 17, 2027
10-K 0001792789-26-000013 (2026-02-18) vs 10-K 0001628280-25-005715 (2025-02-14)
| Section | Compared text | Words now | Changed |
|---|---|---|---|
| Risk Factors | Item 1A | 32,452 | 23.0% |
| MD&A | Item 7 | 9,279 | 20.1% |
| Legal Proceedings | Item 3 | 1,247 | 14.9% |
| Accounting Policies | Item 8, Note 2 – Summary of Significant Accounting Policies | 6,711 | 11.6% |
The redline: what was cut and what was added
In each section, the paragraph that changed most, marked against last year's 10-K:
cut words struck through, new words highlighted and underlined.
Risk Factors 221 words changed in this paragraph; it is 56% similar to last year's version.
Source: Item 1A, 10-K 0001792789-26-000013 vs Item 1A, 10-K 0001628280-25-005715
MD&A 179 words changed in this paragraph; it is 58% similar to last year's version.
Our future capital requirements will depend on many factors, including, but not limited to to, our growth, our ability to attract and retain merchants, consumers, and Dashers that utilize our platform, the continuing market acceptance of our offerings, the timing and extent of spending to support our efforts to develop our platform, the expansion of sales and marketing activities, and the timing and extent of spending for policy and worker classification initiatives. initiatives, and the occurrence of certain conditions triggering the 2030 Notes' conversion feature or our repurchase of some or all of the 2030 Notes. Unless earlier repurchased, redeemed or converted, the 2030 Notes will mature on May 15, 2030. Before November 15, 2029, noteholders will have the right to convert the 2030 Notes only upon the occurrence of certain events. From and after November 15, 2029, noteholders may convert their 2030 Notes at any time at their election until the close of business on the second scheduled trading day immediately before the maturity date. We will have the right to elect to settle conversions either in cash or in a combination of cash and shares of our Class A common stock, provided that, at least the principal amount of the 2030 Notes being converted will be paid in cash, which could adversely affect our liquidity. Further, we have in the past entered into, and may in the future enter into into, arrangements to acquire or invest in businesses, products, services, and technologies. We may be required to seek additional equity or debt financing. In the event that additional financing is required from outside sources, we may not be able to raise it on terms acceptable to us or at all. If we are unable to raise additional capital when desired, our business, financial condition, and results of operations could be adversely affected.
Source: Item 7, 10-K 0001792789-26-000013 vs Item 7, 10-K 0001628280-25-005715
Accounting Policies 141 words changed in this paragraph; it is 31% similar to last year's version.
In November 2024, December 2023, the FASB issued ASU 2024-03, "Income Statement - Reporting Comprehensive Accounting Standards Update 2023-09, “Income Taxes (Topic 740): Improvements to Income - Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses" ("ASU 2024-03"), which Tax Disclosures” (“ASU 2023-09”). The amendment requires disclosure, additional income tax disclosure. Specifically, it requires public entities, on an annual and interim basis, to provide disclosure of specified information about certain costs and expenses defined categories in the notes to financial statements. income tax rate reconciliation, as well as disclosure of income taxes paid, disaggregated by jurisdiction. ASU 2024-03 will be 2023-09 is effective for fiscal years annual periods beginning after December 15, 2026, and interim periods within fiscal years beginning after December 15, 2027. Early adoption is permitted. 2024. The Company is currently evaluating adopted ASU 2023-09 on a prospective basis for the impact year ended December 31, 2025. Refer to Note 12 – "Income Taxes” of these notes to the adoption of this guidance on its Company's consolidated financial statements and disclosures. for further information.
Source: Item 8, Note 2 – Summary of Significant Accounting Policies, 10-K 0001792789-26-000013 vs Item 8, Note 2 – Summary of Significant Accounting Policies, 10-K 0001628280-25-005715
Legal Proceedings 73 words changed in this paragraph; it is 82% similar to last year's version.
We are currently involved in putative class actions, representative actions, such as those brought under California Labor Code Private Attorneys General Act (“PAGA”) PAGA, and individual claims claims, both in court as well as arbitration arbitration, and other matters challenging the classification of Dashers on our platform as independent contractors. Various other Dashers have challenged or threatened to challenge, and may challenge in the future, their classification on our platform, platform as an independent contractor under U.S. federal and state and international law, seeking monetary, injunctive, or other relief. We are currently involved in a number of such actions filed by individual Dashers, with many additional claims threatened, including those brought in, or compelled pursuant to our independent contractor agreement to, individual arbitration. In addition, in June 2020, the San Francisco District Attorney filed an action in the Superior Court of California, County of San Francisco, alleging that we misclassified California Dashers as independent contractors as opposed to employees in violation of the California Labor Code and the California Unfair Competition Law, among other allegations. This action is seeking both restitutionary damages was resolved in September 2025 for $2 million and a permanent injunction that would bar us from continuing to classify California Dashers as independent contractors. It is a reasonable possibility that a loss may be incurred; however, the possible range of losses is not estimable given the status of the case. no injunctive relief.
Source: Item 3, 10-K 0001792789-26-000013 vs Item 3, 10-K 0001628280-25-005715
Every change, by type
Sentences and paragraphs of DASH's Risk Factors and MD&A, 10-K 2026-02-18 against 10-K 2025-02-14. Each links to the text at sec.gov.
Quiet changes are sentences kept from last year with one to four words changed, at least one of them a hedge, a modal or a qualifier
(may, could, will, not, significant, material…). A year or date rolling forward is not counted.
The full word list
adverse, adversely, all, although, anticipate, anticipates, any, approximately, believe, believes, can, cannot, certain, could, expect, expects, generally, however, if, intend, intends, largely, likely, many, material, materially, may, might, most, must, never, no, not, possible, primarily, probable, should, significant, significantly, some, substantial, substantially, unlikely, will, would
AddedRisk Factors
•the impact of payment processor costs and procedures and any changes in the online payment transfer rate;
AddedRisk Factors
•the effects of natural or human-made catastrophic events that may impact our business or have an impact on a more global scale.
AddedRisk Factors
•difficulties integrating and realizing the anticipated benefits of new business models, lines of business, and adjacent technologies from acquisitions into our operations;
AddedRisk Factors
•increased difficulty achieving profitability, operating leverage and scale as a result of continued expansion across jurisdictions rather than concentrated growth in fewer jurisdictions;
AddedRisk Factors
•order quality concerns, missing or incorrect items, inaccurate orders, or cancelled orders;
AddedRisk Factors
•a failure to provide sustainable delivery and packaging options or incorporate sustainability practices more broadly into our business;
AddedRisk Factors
Our reliance on third-party vendors, contractors, and SaaS providers creates additional cybersecurity risks. Many of our critical business operations depend on external providers for hosting, cloud services, data analytics, customer support, and other key functions. If these third parties experience a cybersecurity incident, fail to implement adequate security measures, misconfigure their systems, or otherwise do not comply with our security, privacy, or contractual requirements, our systems and data could be exposed to unauthorized access, loss, or misuse, resulting in significant operational disruption, regulatory scrutiny, financial losses, or reputational harm.
AddedRisk Factors
existing seasonal trends that we experience may become more pronounced and contribute to greater fluctuations in our results of operations as we continue to scale and our growth slows. As such, we may not accurately forecast our results of operations and we may not be able to adjust our spending quickly enough if our revenue is less than expected, causing our results of operations to fail to meet our expectations or the expectations of investors.
AddedRisk Factors
at companies we acquire, which involves significant time and resources, and any failure to do so could impact our ability to meet our financial reporting obligations.
AddedRisk Factors
that our estimated insurance reserves are inadequate, we may be required to increase such reserves at the time of the determination, which could result in an increase to our net loss in the period in which the shortfall is determined and negatively impact our business, financial condition, and results of operations.
AddedRisk Factors
Several other jurisdictions where we operate have adopted or may be considering, or in the future may consider, adopting legislation, or we may propose or support legislation, ballot initiatives, other legislative processes, or voluntary agreements
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RewordedRisk Factors
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As a result, regulatory and administrative bodies may enact new laws or promulgate new regulations that are adverse to our business, or they may view matters or interpret laws and regulations differently than they have in the past in a manner adverse to our business, including by changing employment-related laws, mandating specific earnings standards or other requirements for Dashers, requiring businesses like ours to maintain specific auto insurance coverage, or by regulating or capping the commissions businesses like ours agree to with merchants or the fees that we may charge consumers. business.
RewordedRisk Factors
We have launched, and may in the future launch, new pricing strategies and initiatives, including Dasher or consumer loyalty programs, such as our membership products like DashPass and Wolt+, or modify existing pricing methodologies or methodologies, the way in which fees, taxes, or similar items are presented on our platform, or our policies with respect to refunds and credits, any of which may not ultimately be successful in attracting and retaining merchants, consumers, or Dashers and which may result in lower commissions or fees, which could adversely affect our business, financial condition, and results of operations.
RewordedRisk Factors
Our failure, or the failure by our vendors, merchants, or Dashers on our platform, to comply with applicable laws or regulations or any other actual or asserted obligations relating to privacy, data protection, or cybersecurity, or any compromise of security that results in unauthorized access to, or use or release of personal data or other data relating to merchants, consumers, Dashers, or other individuals, or the perception of privacy concerns or that any of the foregoing types of failure or compromise has occurred, could damage our reputation and brand, discourage new and existing merchants, consumers, and Dashers from using our platform, or result in fines, investigations, or proceedings by governmental agencies and private claims and litigation, any of which could adversely affect our business, financial condition, and results of operations.
RewordedRisk Factors
In addition, mobile operating system and browser providers, such as Apple and Google, have announced changes from time to time announce changes, as well as future plans plans, to restrict or limit the ability of certain practices that application developers like us to collect and might currently or in the future use certain data about users of in connection with our platform, including practices that may be applicable to merchants, consumers, and Dashers.
RewordedRisk Factors
RewordedRisk Factors
Through this offering offering, we act as a service provider to a bank and are contractually bound to adhere to certain banking or financial regulations that could subject us to regulatory review, proceedings, or audits pursuant to federal or state laws, as well as the risk of contractual breach and indemnification.
RewordedRisk Factors
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These and similar events have resulted in losses in revenue in the past and in the future could result in significant losses of revenue and may revenue, harm our brand and reputation. reputation, and adversely affect our ability to attract and retain merchants, consumers, and Dashers, including through users seeking other offerings during any periods of unavailability.
RewordedRisk Factors
If we fail to address the foregoing risks or other problems encountered in connection with our past or future acquisitions of, and investments in, businesses, technologies, services, intellectual property, and other assets, arrangements, and investments, or if we fail to successfully integrate or otherwise realize the benefits of such acquisitions or investments, our business, reputation, financial condition, and results of operations could be adversely affected.
RewordedRisk Factors
These activities include food tampering, inappropriate or unsanitary food preparation, handling, or delivery, dangerous or unlawful vehicular operation, assault, battery, theft, unauthorized use and various types of credit and debit cards or bank accounts, registering consumer, merchant, or Dasher accounts with us using stolen personal information or altered identification documents, additional forms of fraud, identity theft, and other misconduct.
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In addition, there have been, and may we expect in the future will be additional, attempts to fraudulently induce our employees, merchants, consumers, Dashers, vendors, or others into disclosing user names, passwords, payment card information, or other sensitive information resulting in user account takeovers or the fraudulent transfer of funds to bad actors.
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For example, consumer activity may be is often impacted by weather.
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Job candidates and existing employees often consider the value of the any equity awards they receive in connection with their employment.
Quiet changesRisk Factors
Xu will have has the authority (and irrevocable proxy) to direct the vote and vote the shares of Class B common stock held by Messrs.
Quiet changesRisk Factors
Xu will have has the authority (and irrevocable proxy) to direct the vote and vote the shares of Class B common stock held by Messrs.
Quiet changesRisk Factors
As a result, subject to the satisfaction of applicable exercise periods, the shares issued upon exercise of outstanding stock options or upon settlement of outstanding RSU awards will generally be available for immediate resale in the United States in the open market.
AddedMD&A
We use the below financial and operational metrics to help us evaluate our business, identify trends affecting our business, formulate business plans, and make strategic decisions. As we grow our business and expand our offerings, our success and the financial performance of our business will be dependent upon many factors. These factors include, but are not limited to, those highlighted in this Annual Report on Form 10-K, as well as the success of our growth strategies and the timing and size of investments and expenditures that we choose to undertake, such as our recent and continued investment in our non-U.S. operations, in our global technology platform, and to increase system capacity for Dashers and in support of longer distance and higher effort deliveries. Certain of these and other factors may not be within our control.
AddedMD&A
Interest income, net primarily consists of interest earned on our cash, cash equivalents, and investments, net of interest costs, as well as interest earned on cash held in escrow under the Escrow Agreement as defined in Note 10 - "Commitments and Contingencies" included in Part II, Item 8, "Notes to Consolidated Financial Statements" of this Annual Report on Form 10-K.
AddedMD&A
On July 4, 2025, the U.S. enacted the One Big Beautiful Bill Act. Included in this legislation are provisions that allow for the immediate expensing of domestic U.S. research and development expenses, immediate expensing of certain capital expenditures, and other changes to the U.S. taxation of profits derived from foreign operations.
AddedMD&A
In 2025, the income tax expense decreased by $32 million compared to 2024. The decrease in income tax expense was primarily attributable to a one-time tax benefit from the release of a portion of the U.S. valuation allowance in connection with the SevenRooms Inc. and Symbiosys Corp. acquisitions, as well as the enactment of the One Big Beautiful Bill Act that occurred during the year.
AddedMD&A
2024 and 2025, no revolving loans were outstanding and $112 million and $61 million of letters of credit were issued under our revolving credit facility, respectively.
AddedMD&A
We have generated significant operating losses from our operations as reflected in our accumulated deficit of $4.3 billion as of December 31, 2025. We have historically funded our operations from cash from operations as well as the issuance of equity securities, including in our initial public offering in December 2020. We have also completed debt financings, such as our recent issuance of $2.75 billion aggregate principal amount of 0% Convertible Senior Notes due 2030 (the “2030 Notes”) in May 2025. We intend to use the net proceeds from the 2030 Notes for general corporate purposes. For additional information regarding the 2030 Notes, see Note 9 - "Convertible Notes, Net" included in Part II, Item 8, "Notes to Consolidated Financial Statements" of this Annual Report on Form 10-K.
AddedMD&A
we are unable to raise additional capital when desired, our business, financial condition, and results of operations could be adversely affected.
AddedMD&A
We account for our business combinations using the acquisition method of accounting, which requires, among other things, allocation of the fair value of purchase consideration to the tangible and intangible assets acquired and liabilities assumed at their estimated fair values on the acquisition date. The excess of the fair value of purchase consideration over the values of these identifiable assets and liabilities is recorded as goodwill. When determining the fair value of assets acquired and liabilities assumed, we make significant estimates and assumptions, especially with respect to intangible assets. Our estimates of fair value are based upon assumptions believed to be reasonable, but which are inherently uncertain and unpredictable, and as a result, actual results may differ from estimates. Acquisition costs, such as legal and consulting fees, are expensed as incurred.
AddedMD&A
We are subject to income taxes in the U.S. and in many foreign jurisdictions. Significant judgment is required in determining our provision for income taxes, our deferred tax assets and liabilities and any valuation allowance recorded against our net deferred tax assets that are not more-likely-than-not to be realized. The determination of the realizability of deferred tax assets requires significant judgment in assessing the likelihood of future tax consequences and evaluation of all available evidence in accordance with applicable accounting guidance. In completing our assessment of realizability of our deferred tax assets, we consider our history of losses measured at pre-tax income (loss) adjusted for permanent book-tax differences on a jurisdictional basis, volatility in actual earnings, excess tax benefits related to stock-based compensation in recent prior years, and impacts of the timing of reversal of existing temporary differences. We also rely on our assessment of the Company’s projected future results of business operations, including uncertainty in future operating results relative to historical results, volatility in the market price of our common stock and its performance over time, variable macroeconomic conditions impacting our ability to forecast future taxable income, and changes in business that may affect the existence and magnitude of future taxable income. Our valuation allowance assessment is based on our best estimate of future results considering all available information.
AddedMD&A
Furthermore, significant judgment is required in evaluating our tax positions. In the ordinary course of business, there are many transactions and calculations for which the ultimate tax result is uncertain. As a result, we recognize the effect of this uncertainty on our tax attributes or taxes payable in light of our estimates of the eventual outcome. These effects are recognized when, despite our belief that our tax return positions are supportable, we believe that it is more-likely-than-not that some of those positions may not be fully sustained upon review by tax authorities. We are required to file income tax returns in the U.S. and various foreign jurisdictions, many of which are unclear, uncertain, and lack authoritative interpretive guidance. Such returns are subject to audit by the various federal, state and local, and foreign taxing authorities, who may disagree with respect to our tax positions. We believe that our consideration is adequate for all open audit years based on our assessment of many factors, including past experience and interpretations of tax law. We review and update our estimates each quarter in light of changing facts and circumstances, such as the closing of a tax audit, the lapse of a statute of limitations or a change in estimate. This review could result in a change in our income tax expense. Similarly, to the extent that the final tax outcome of these matters differs from our estimates, as may be adjusted, such differences may impact income tax expense in the period in which such determination is made.
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This primarily consisted of net income including redeemable non-controlling interests of $117 $932 million, adjusted for non-cash stock-based compensation expense of $1.1 billion, non-cash depreciation and amortization expense of $561 $747 million, non-cash reduction of operating lease right-of-use assets and accretion of operating lease liabilities of $103 $118 million, amortization of deferred contract costs of $77 million non-cash office lease impairment expenses of $83 $11 million, and other net non-cash expenses of $33 $20 million, as well as $136 partially offset by $525 million net inflows outflows from changes in operating assets and liabilities liabilities, primarily driven by increases in our accounts receivable, net, prepaid expenses and other current assets, other assets and funds held by payment processors, as well as payments for operating lease liabilities, partially offset by an increase in our accrued expenses, partially offset by increases in other assets, accounts receivable, net, and prepaid expenses and other current assets. accounts payable.
RewordedMD&A
Year Ended December 31, (in millions, except percentages) 2022 2023 2024 2025 Total Orders 1,736 2,161 2,583 3,172 Total Orders Y/Y growth 25 % 24 % 20 % 23 % Marketplace GOV $ 53,414 $ 66,771 $ 80,231 $ 102,018 Marketplace GOV Y/Y growth 27 % 25 % 20 % 27 % Revenue $ 6,583 $ 8,635 $ 10,722 $ 13,717 Revenue Y/Y growth 35 % 31 % 24 % 28 % Net Revenue Margin 12.3 12.9 % 12.9 13.4 % 13.4 % GAAP gross profit $ 2,824 $ 3,860 $ 4,979 $ 6,686 GAAP gross profit as a % of Marketplace GOV 5.3 % 5.8 % 6.2 % 6.6 % Contribution Profit(1) $ 1,567 $ 2,482 $ 3,474 $ 4,840 Contribution Profit as a % of Marketplace GOV 2.9 % 3.7 % 4.3 % 4.7 % GAAP net income (loss) attributable to DoorDash, Inc. common stockholders $ (1,365) $ (558) $ 123 $ 935 GAAP net income (loss) attributable to DoorDash, Inc. common stockholders as a % of Marketplace GOV (2.6) % (0.8) % 0.2 % 0.9 % Adjusted EBITDA(1) $ 361 $ 1,190 $ 1,900 $ 2,779 Adjusted EBITDA as a % of Marketplace GOV 0.7 % 1.8 % 2.4 % 2.7 % Weighted-average diluted shares outstanding 371 393 430 440
RewordedMD&A
Net loss attributable to redeemable non-controlling interests (3) (7) (6) (3) Net income (loss) including redeemable non-controlling interests $ (1,368) $ (565) $ 117 $ 932 Certain legal, tax, and regulatory settlements, reserves, and expenses(1) 72 162 180 135 Transaction-related costs 68 2 7 105 Office lease impairment expenses — 83 11 Restructuring charges 2 — 83 Restructuring charges 92 2 — Inventory write-off related to restructuring 2 — — Provision for (benefit from) income taxes (31) 31 39 7 Interest income, net (30) (152) (199) (211) Other (income) expense, net(2) 305 net 107 5 (5) Stock-based compensation expense and certain payroll tax expense(3) 880 expense 1,094 1,107 1,056 Depreciation and amortization expense 369 509 561 747 Adjusted EBITDA $ 361 $ 1,190 $ 1,900 $ 2,779
RewordedMD&A
Cash used in investing activities was $342 million $4.4 billion for 2023, 2025, which primarily consisted of cash paid for acquisitions, net of cash acquired, of $4.2 billion, purchases of marketable securities investments of $1.9 $1.4 billion, purchases of property and equipment of $123 $257 million, cash outflows for capitalized software and website development costs of $201 $348 million, and purchases of non-marketable equity securities investments of $17 $47 million, and net cash paid upon settlement of deal-contingent forward of $24 million, partially offset by proceeds from the sales and maturities of marketable securities investments of $1.9 $1.8 billion.
RewordedMD&A
Year Ended December 31, (in millions) 2022 2023 2024 2025 Revenue $ 6,583 $ 8,635 $ 10,722 $ 13,717 Costs and expenses:(1) Cost of revenue, exclusive of depreciation and amortization shown separately below 3,588 4,589 5,542 6,738 Sales and marketing 1,682 1,876 2,037 2,476 Research and development 829 1,003 1,168 1,431 General and administrative 1,147 1,235 1,452 1,600 Depreciation and amortization(2) 369 509 561 747 Restructuring charges 92 2 — 2 Total costs and expenses 7,707 9,214 10,760 Loss 12,994 Income (loss) from operations (1,124) (579) (38) 723 Interest income, net 30 152 199 211 Other expense, income (expense), net (305) (107) (5) 5 Income (loss) before income taxes (1,399) (534) 156 939 Provision for (benefit from) income taxes (31) 31 39 7 Net income (loss) including redeemable non-controlling interests (1,368) (565) 117 932 Less: net loss attributable to redeemable non-controlling interests (3) (7) (6) (3) Net income (loss) attributable to DoorDash, Inc. common stockholders $ (1,365) $ (558) $ 123 $ 935
RewordedMD&A
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Year Ended December 31, (in millions) 2022 2023 2024 2025 Cost of revenue, exclusive of depreciation and amortization $ 3,588 $ 4,589 $ 5,542 $ 6,738 Adjusted to exclude the following Stock-based compensation expense and certain payroll tax expense (103) (140) (153) Allocated overhead (32) (32) (35) Inventory write-off related to restructuring (2) — — Adjusted cost of revenue $ 3,451 $ 4,417 $ 5,354 following:
RewordedMD&A
These excluded costs and expenses consist of (i) certain legal costs primarily related to worker classification matters, and our historical Dasher pay model, model and a settlement entered into in connection with an initiative to serve underrepresented communities, pay practices, (ii) reserves and settlements or other resolutions for or related to the collection of sales, indirect, and other taxes that we do not expect to incur on a recurring basis, and (iii) expenses related to supporting various policy matters, including those related to worker classification, other labor law matters, and price controls, and (iv) donations as part of our relief efforts in connection with the COVID-19 pandemic and Russia's invasion of Ukraine. controls.
RewordedMD&A
These excluded costs and expenses consist of (i) certain legal costs primarily related to worker classification matters, and our historical Dasher pay model, model and a settlement entered into in connection with an initiative to serve underrepresented communities, pay practices, (ii) reserves and settlements or other resolutions for or related to the collection of sales, indirect, and other taxes that we do not expect to incur on a recurring basis, and (iii) expenses related to supporting various policy matters, including those related to worker classification, other labor law matters, and price controls, and (iv) donations as part of our relief efforts in connection with the COVID-19 pandemic and Russia's invasion of Ukraine. controls.
RewordedMD&A
Other expense, income (expense), net primarily consists of adjustments to non-marketable equity securities, including impairment, as well as gains and losses from transactions denominated in a currency other than the functional currency. currency and loss on the settlement of the deal-contingent forward contract (the "Deal-Contingent Forward") that we entered into with Bank of America, N.A. which settled upon the closing of the Deliveroo acquisition.
RewordedMD&A
Year Ended December 31, (In millions) 2022 2023 2024 2025 Net cash provided by operating activities $ 367 $ 1,673 $ 2,132 $ 2,431 Net cash used in investing activities (300) (342) (444) (4,391) Net cash used in provided by (used in) financing activities (375) (752) (204) 2,360 Foreign currency effect on cash, cash and cash equivalents, and restricted cash (10) and cash equivalents 5 (35) 60 Net increase (decrease) in cash, cash and cash equivalents, and restricted cash $ (318) and cash equivalents $ 584 $ 1,449 $ 460
RewordedMD&A
Cost of revenue, exclusive of depreciation and amortization shown separately below 54% 53% 52% 49% Sales and marketing 26% 22% 19% 18% Research and development 13% 12% 11% 10% General and administrative 17% 14% 14% 12% Depreciation and amortization 6% 5% 6% 5% Restructuring charges 1% —% —% —% Total costs and expenses 117% 107% 101% Loss 95% Income (loss) from operations (17)% (7)% (1)% 5% Interest income, net 1% 2% 2% 2% Other expense, income (expense), net (5)% (1)% —% —% Income (loss) before income taxes (21)% (6)% 1% 7% Provision for (benefit from) income taxes —% —% —% Net income (loss) including redeemable non-controlling interests (21)% (6)% 1% 7% Less: net loss attributable to redeemable non-controlling interests —% —% —% Net income (loss) attributable to DoorDash, Inc. common stockholders (21)% (6)% 1% 7%
Quiet changesMD&A
Allocated overhead is determined based on an allocation of certain shared costs, such as facilities (including rent and utilities) and information technology costs, among all departments based on employee headcount.
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