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Like most growth-phase startups from SV, Doordash are not profitable at the moment and have no profit to speak of with an EPS of _negative_ $2.41. Please correc

Like most growth-phase startups from SV, Doordash are not profitable at the moment and have no profit to speak of with an EPS of _negative_ $2.41. Please correct your "$700m in gross profit a quarter" to "$1.7b in revenue a quarter" or "$296m in net loss a quarter" [1]. [1] https://www.sec.gov/edgar/browse/?CIK=1 https://www.sec.gov/edgar/browse/?CIK=1

lotsofpulp 4y ago
And they have never had a profitable year: https://www.macrotrends.net/stocks/charts/DASH/doordash/net-income https://www.macrotrends.net/stocks/charts/DASH/doordash/net-...
roflyear 4y ago
Their Q3 earnings show over $700m gross profit: https://s22.q4cdn.com/280253921/files/doc_financials/2022/q3/DASH-Q3-2022-Shareholder-Letter_FINAL.pdf https://s22.q4cdn.com/280253921/files/doc_financials/2022/q3... Take it up with them.
- zamadatix 4y ago
  "Gross profit" as seen on financial sheet doesn't work the way you might think it does, particularly for services companies. A positive gross profit doesn't imply a positive net income (i.e. that the company as a whole is making money instead of losing it). E.g. if you look at page 10 of that document you can see their total costs far exceed their total revenue it's just not all those costs are associated with making the revenue. https://www.investopedia.com/ask/answers/101314/what-are-differences-between-gross-profit-and-net-income.asp https://www.investopedia.com/ask/answers/101314/what-are-dif... So while the 700M statement is true in financial speak it's not true in the way you're impyling it i.e. it's not profit leftover they could be paying out instead it's just a certain financial measure in a company that overall is losing money pretty hard. Likely feeding into this reduction of corporate headcount to be honest.
  - Cupertino95014 4y ago
    As the accountants say: Profit is an opinion, but cash flow is a fact.

lotsofpulp 4y ago

And they have never had a profitable year: https://www.macrotrends.net/stocks/charts/DASH/doordash/net-income https://www.macrotrends.net/stocks/charts/DASH/doordash/net-...

roflyear 4y ago

Their Q3 earnings show over $700m gross profit: https://s22.q4cdn.com/280253921/files/doc_financials/2022/q3/DASH-Q3-2022-Shareholder-Letter_FINAL.pdf https://s22.q4cdn.com/280253921/files/doc_financials/2022/q3... Take it up with them.

zamadatix 4y ago
"Gross profit" as seen on financial sheet doesn't work the way you might think it does, particularly for services companies. A positive gross profit doesn't imply a positive net income (i.e. that the company as a whole is making money instead of losing it). E.g. if you look at page 10 of that document you can see their total costs far exceed their total revenue it's just not all those costs are associated with making the revenue. https://www.investopedia.com/ask/answers/101314/what-are-differences-between-gross-profit-and-net-income.asp https://www.investopedia.com/ask/answers/101314/what-are-dif... So while the 700M statement is true in financial speak it's not true in the way you're impyling it i.e. it's not profit leftover they could be paying out instead it's just a certain financial measure in a company that overall is losing money pretty hard. Likely feeding into this reduction of corporate headcount to be honest.
- Cupertino95014 4y ago
  As the accountants say: Profit is an opinion, but cash flow is a fact.