The above graph represents the Grubhub net income by quarter, starting from fiscal Q1 2013 to the recently completed quarter. Grubhub reported a massive net loss of $33.43 million in Q1 2020, as against $27.72 million in net loss the company reported in the previous quarter. However, during the same period a year-ago, the food delivery firm generated $6.89 million in net profit.
|Source||Grubhub Quarterly Reports, SEC Filings|
|Note||Grubhub fiscal year starts from January 1st|
As the graph shows, Grubhub net profit increased an astonishing 246.6% YoY, from just $1.26 million in Q1 2013 to $4.35 million in Q1 2014. Interestingly, in just 9 months, the company’s quarterly net profit skyrocketed 566.98% YoY in Q4 2014, to $10.77 million.
In Q4 2017, Grubhub achieved over $50 million in net profit, while the total revenue clocked over $205 million during the quarter. With 292.5% YoY growth, Grubhub’s total net profit amounted to $53.53 million during the fourth quarter. However, the food delivery company witnessed a sudden decline in its quarterly net income, starting from Q1 2018 to Q4 2018. In Q1 2018, the quarterly net income of Grubhub declined a notable 42.5% QoQ, to $30.77 million. This was followed by $30.12 million in Q2 2018 and $22.75 million in Q3 2018. Surprisingly, in Q4 2018, the company had incurred $5.15 million in net loss for the first time in the last 6 years.
Again, in Q4 2019, Grubhub reported a net loss of $27.72 million, which increased to $33.43 million in the following quarter.
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