DoorDash picked a good time to file its initial public offering prospectus: Its finances are looking pretty rosy right now.
According to the document, made public on Friday, the food delivery company’s revenue more than tripled in the first nine months of this year compared to the year before, buoyed by Americans using the app to order dinner while sheltering in place. It has a growing cohort of users as part of its loyalty program, DashPass. And it even turned a quarterly profit for the first time ever—during the three months right at the beginning of the pandemic.
