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DoorDash Inc

For the period ended Dec 31, 2023. Filed Feb 20, 2024.

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About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 20, 2024

DASH$180.96+0.7%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits
Contents

Table of Contents

Page Number
Cover1
Table of Contents3
Part I6
Item 1. Business6
Item 1A. Risk Factors10
Item 1B. Unresolved Staff Comments51
Item 1C. Cybersecurity51
Item 2. Properties53
Item 3. Legal Proceedings53
Item 4. Mine Safety Disclosures55
Part II56
Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities56
Item 6. [Reserved]57
Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations57
Item 7A. Quantitative and Qualitative Disclosures About Market Risk72
Item 8. Financial Statements and Supplementary Data74
Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure110
Item 9A. Controls and Procedures110
Item 9B. Other Information111
Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections111
Part III112
Item 10. Directors, Executive Officers and Corporate Governance112
Item 11. Executive Compensation112
Item 12. Security Ownership of Certain Beneficial Owner and Management and Related Stockholder Matters112
Item 13. Certain Relationships and Related Transactions, and Director Independence112
Item 14. Principal Accountant Fees and Services112
Part IV113
Item 15. Exhibits and Financial Statement Schedules113
Signatures115

SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS

This Annual Report on Form 10-K contains forward-looking statements within the meaning of the federal securities laws, which statements involve substantial risks and uncertainties. Forward-looking statements generally relate to future events or our future financial or operating performance. In some cases, you can identify forward-looking statements because they contain words such as “may,” “will,” “should,” “expect,” “plan,” “anticipate,” “could,” “would,” “intend,” “target,” “project,” “contemplate,” “believe,” “estimate,” “predict,” “potential,” or “continue” or the negative of these words or other similar terms or expressions that concern our expectations, strategy, plans, or intentions. Forward-looking statements contained in this Annual Report on Form 10-K include, but are not limited to, statements about:

our future financial performance, including our expectations regarding our revenue, cost of revenue, operating expenses, financial and operational metrics, our ability to determine reserves, and our ability to achieve, maintain, or increase long-term future profitability;

our business and growth strategy and plans, including our ability to successfully execute on such strategy and plans;

the sufficiency of our cash, cash equivalents, and marketable securities to meet our liquidity needs;

the demand for our platform or for local commerce platforms in general;

our ability to attract and retain merchants, consumers, and Dashers;

our ability to effectively manage costs related to Dashers;

our ability to develop new offerings, services, and features, and bring them to market in a timely and cost-effective manner and make enhancements to our platform;

our ability to compete with existing and new competitors in existing and new markets and offerings;

our expectations regarding outstanding litigation and legal and regulatory matters;

our expectations regarding the effects of existing and developing laws and regulations, including with respect to independent contractor classification, merchant pricing and commissions, consumer fees, taxation, and privacy and data protection;

our ability to manage and insure auto-related and operations-related risk associated with our business;

our expectations regarding new and evolving markets;

our ability to develop and protect our brand;

our ability to maintain the security and availability of our platform;

our expectations and management of future growth;

our expectations concerning relationships with third parties;

our ability to maintain, protect and enhance our intellectual property; and

our ability to successfully integrate and realize the benefits of acquisitions, strategic partnerships, joint ventures, and investments

We caution you that the foregoing list may not contain all of the forward-looking statements made in this Annual Report on Form 10-K.

You should not rely upon forward-looking statements as predictions of future events. We have based the forward-looking statements contained in this Annual Report on Form 10-K primarily on our current expectations and projections about future events and trends that we believe may affect our business, financial condition, results of operations, and prospects. The outcome of the events described in these forward-looking statements is subject to risks, uncertainties, and other factors, including those described in the section titled “Risk Factors” and elsewhere in this Annual Report on Form 10-K. Moreover, we operate in a very competitive and rapidly changing environment. New risks and uncertainties emerge from time to time and it is not possible for us to predict all risks and uncertainties that could have an impact on the forward-looking statements contained in this Annual Report on Form 10-K. We cannot assure you that the results, events, and circumstances reflected in the forward-looking statements will be achieved or occur, and actual results, events, or circumstances could differ materially from those described in the forward-looking statements.

The forward-looking statements made in this Annual Report on Form 10-K relate only to events as of the date on which the statements are made. We undertake no obligation to update any forward-looking statements made in this Annual

Report on Form 10-K to reflect events or circumstances after the date of this Annual Report on Form 10-K or to reflect new information or the occurrence of unanticipated events, except as required by law. We may not actually achieve the plans, intentions, or expectations disclosed in our forward-looking statements and you should not place undue reliance on our forward-looking statements. Our forward-looking statements do not reflect the potential impact of any future acquisitions, mergers, dispositions, joint ventures, or investments we may make.

In addition, statements that “we believe” and similar statements reflect our beliefs and opinions on the relevant subject. These statements are based upon information available to us as of the date of this Annual Report on Form 10-K, and while we believe such information forms a reasonable basis for such statements, such information may be limited or incomplete, and our statements should not be read to indicate that we have conducted an exhaustive inquiry into, or review of, all potentially available relevant information. These statements are inherently uncertain and investors are cautioned not to unduly rely upon these statements.

Unless the context requires otherwise, we are referring to DoorDash, Inc. together with its subsidiaries when we use the terms "DoorDash," the "Company," "we," "our," or "us."

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.