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Quarterly Report — Q1 2024
Filed May 1, 2024
Revenue hit $2.51 billion in Q1 2024, up roughly 23% year-over-year from $2.03 billion in Q1 2023, with the international segment growing faster than the U.S. business. The company continued burning through cash on stock-based compensation but maintained a strong balance sheet with billions in cash and short-term investments, and just upsized its credit facility to signal confidence in its expansion runway.
What is Quarterly Report?
Filed after each of the first three fiscal quarters with unaudited financial statements, management discussion, and any material changes to risk factors or legal proceedings.
Quarterly financial update — tracks business trajectory between annual reports.
Extracted Milestones (2)
Revolving Credit Facility Amended and Extended to April 2029
DoorDash amended and restated its revolving credit facility on April 26, 2024, providing an unsecured $800 million revolving credit facility with a $600 million letter of credit sublimit maturing April 2029, strengthening financial capacity for product investments.
View full milestone →$1.1 Billion Share Repurchase Program Authorized
In February 2024, DoorDash authorized the repurchase of up to $1.1 billion of Class A common stock, though no shares were repurchased during Q1 2024.
View full milestone →