## Founding Date | 2004 |

## Total Funding | $284.1 m |

## Investors | Lightspeed Venture Partners, DAG Ventures, Benchmark, T. Rowe Price, Greenspring Associates, Amicus Capital, Origin Ventures, Leo Capital Holdings, Mesirow Financial, Yum! Brands |

In total, GrubHub had raised $284.1 m. GrubHub is a subsidiary of Takeaway.com

USD | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 | FY, 2018 | FY, 2019 | FY, 2020 |
---|---|---|---|---|---|---|---|

## Revenue | 253.9m | 361.8m | 493.3m | 683.1m | 1.0b | 1.3b | 1.8b |

| 85% | 43% | 36% | 38% | 47% | ||

## Sales and marketing expense | 66.2m | 91.2m | 110.3m | 150.7m | 214.3m | 310.3m | 402.5m |

## R&D expense | 25.2m | 32.8m | 42.5m | 56.3m | 115.3m | 122.9m | |

## General and administrative expense | 32.3m | 40.5m | 49.8m | 65.0m | 85.5m | 101.9m | 132.6m |

## Operating expense total | 186.2m | 271.9m | 374.3m | 541.5m | 922.3m | 1.2b | 1.8b |

## Depreciation and amortization | 22.7m | 28.0m | 35.2m | 51.8m | 85.9m | 115.4m | 141.8m |

## EBIT | 61.4m | 83.1m | 89.8m | 85.0m | (6.3m) | (149.0m) | |

| 17% | 17% | 13% | 8% | 0% | (8%) | |

## Interest expense | 102.0k | ||||||

## Pre tax profit | 45.0m | 61.9m | 83.9m | 89.6m | 81.4m | (26.8m) | (177.0m) |

## Income tax expense | 20.7m | 23.9m | 34.3m | (9.3m) | 3.0m | (8.2m) | (21.1m) |

## Net Income | 24.3m | 38.1m | 49.6m | 99.0m | 78.5m | (18.6m) | (155.9m) |

USD | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 | FY, 2018 | FY, 2019 | FY, 2020 |
---|---|---|---|---|---|---|---|---|

## Cash | 86.5m | 201.8m | 169.3m | 239.5m | 234.1m | 211.2m | 375.9m | 360.2m |

## Accounts Receivable | 29.3m | 36.1m | 42.1m | 60.6m | 96.0m | 110.9m | 119.7m | 111.8m |

## Prepaid Expenses | 2.6m | 2.9m | 3.5m | 12.2m | 6.8m | 17.6m | 17.5m | 24.8m |

## Current Assets | 122.2m | 353.0m | 356.3m | 396.3m | 360.5m | 363.8m | 566.3m | 572.4m |

## PP&E | 17.1m | 16.0m | 19.1m | 46.6m | 71.4m | 119.5m | 172.7m | 216.1m |

## Goodwill | 352.8m | 352.8m | 396.2m | 436.5m | 589.9m | 1.0b | 1.0b | 1.0b |

## Total Assets | 762.8m | 979.7m | 1.1b | 1.2b | 1.5b | 2.1b | 2.4b | 2.4b |

## Accounts Payable | 3.4m | 3.4m | 8.2m | 7.6m | 7.6m | 26.7m | 26.7m | 19.9m |

## Short-term debt | 3.9m | 6.3m | ||||||

## Current Liabilities | 92.6m | 111.0m | 89.6m | 110.5m | 174.5m | 223.2m | 249.4m | 356.2m |

## Long-term debt | 169.6m | 335.5m | 993.0m | 994.1m | ||||

## Non-Current Liabilities | 94.4m | 98.2m | 93.0m | 114.9m | 251.4m | 400.2m | 632.0m | 615.9m |

## Total Debt | 173.6m | 335.5m | 993.0m | 994.1m | ||||

## Total Liabilities | 187.0m | 209.2m | 182.7m | 225.4m | 426.0m | |||

## Common Stock | 9.0k | 9.0k | 9.0k | 9.0k | ||||

## Additional Paid-in Capital | 500.4m | 690.0m | 759.3m | 805.7m | 849.0m | 1.1b | 1.2b | 1.2b |

## Retained Earnings | 56.9m | 80.8m | 118.9m | 168.5m | 270.0m | 349.4m | 330.8m | 174.9m |

## Total Equity | 557.4m | 770.5m | 877.6m | 972.1m | 1.1b | 1.4b | 1.5b | 1.4b |

## Debt to Equity Ratio | 0.2 x | 0.2 x | ||||||

## Debt to Assets Ratio | 0.1 x | 0.2 x | ||||||

## Financial Leverage | 1.4 x | 1.3 x | 1.2 x | 1.2 x | 1.4 x | 1.4 x | 1.6 x | 1.7 x |

USD | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|

## Cash | 112.8m | 207.1m | 212.0m | 188.2m | 195.6m | 153.0m | 203.3m | 132.9m | 177.8m | 275.0m | 293.3m | 266.0m | 272.3m | 442.7m | 294.6m | 189.7m | 358.8m | 394.0m | 560.7m | 484.8m | 405.3m | 348.8m |

## Accounts Receivable | 38.1m | 37.9m | 42.7m | 49.6m | 46.2m | 44.3m | 51.4m | 57.1m | 65.7m | 62.4m | 59.7m | 73.7m | 100.1m | 98.3m | 120.3m | 141.0m | 123.8m | 123.3m | 135.7m | 75.7m | 75.8m | 104.7m |

## Prepaid Expenses | 2.4m | 2.5m | 3.1m | 2.9m | 3.7m | 4.6m | 3.6m | 6.6m | 6.3m | 9.2m | 8.8m | 9.4m | 9.8m | 12.1m | 17.0m | 19.9m | 23.8m | 18.6m | 18.1m | 18.7m | 17.9m | 20.4m |

## Current Assets | 158.7m | 251.2m | 327.4m | 351.5m | 357.8m | 344.4m | 379.4m | 333.5m | 368.6m | 432.9m | 442.1m | 414.8m | 398.3m | 592.0m | 462.7m | 376.2m | 534.1m | 570.4m | 771.1m | 647.2m | 583.0m | 552.0m |

## PP&E | 17.3m | 16.3m | 16.4m | 16.1m | 15.0m | 16.8m | 24.2m | 32.3m | 43.4m | 51.6m | 56.7m | 62.2m | 79.4m | 89.2m | 462.7m | 136.3m | 149.0m | 160.4m | 189.1m | 212.8m | 217.9m | 217.7m |

## Goodwill | 352.8m | 352.8m | 352.8m | 387.4m | 387.6m | 387.6m | 396.2m | 437.0m | 437.0m | 436.5m | 436.5m | 454.6m | 589.9m | 589.9m | 885.4m | 1.0b | 1.0b | 1.0b | 1.0b | 1.0b | 1.0b | 1.0b |

## Total Assets | 795.7m | 885.9m | 958.1m | 1.0b | 1.0b | 1.0b | 1.1b | 1.1b | 1.2b | 1.2b | 1.2b | 1.3b | 1.6b | 1.8b | 2.0b | 2.2b | 2.3b | 2.4b | 2.6b | 2.5b | 2.4b | 2.4b |

## Accounts Payable | 3.3m | 2.4m | 2.0m | 4.1m | 2.2m | 3.5m | 4.2m | 11.3m | 9.5m | 10.0m | 8.1m | 11.9m | 12.2m | 8.8m | 17.2m | 15.7m | 21.5m | 23.4m | 29.3m | 24.5m | 17.0m | 16.9m |

## Short-term debt | 4.7m | 5.5m | 6.3m | 10.2m | 12.0m | 16.6m | 16.7m | 17.6m | ||||||||||||||

## Current Liabilities | 115.0m | 102.0m | 107.7m | 136.6m | 113.8m | 82.3m | 98.5m | 104.0m | 110.8m | 132.5m | 114.1m | 133.6m | 189.4m | 172.5m | 200.1m | 249.7m | 220.7m | 244.2m | 305.6m | 406.2m | 339.6m | 392.0m |

## Long-term debt | 143.1m | 116.6m | 290.1m | 410.6m | 607.4m | 604.3m | 781.1m | 603.7m | 600.7m | 594.6m | ||||||||||||

## Non-Current Liabilities | 97.6m | 102.6m | 104.5m | 99.3m | 97.7m | 94.7m | 89.8m | 109.2m | 111.9m | 107.5m | 105.4m | 109.7m | 231.6m | 205.8m | 353.8m | 442.8m | 640.9m | 633.8m | 806.4m | 619.4m | 606.6m | 611.4m |

## Total Debt | 147.8m | 122.1m | 296.3m | 338.3m | 492.7m | 492.8m | 793.1m | 620.3m | 617.4m | 612.2m | ||||||||||||

## Total Liabilities | 212.6m | 204.6m | 212.2m | 235.8m | 211.6m | 177.0m | 188.3m | 213.2m | 222.7m | 240.0m | 219.6m | 243.3m | 421.0m | 378.3m | 554.0m | |||||||

## Common Stock | 9.0k | 9.0k | 9.0k | 9.0k | 9.0k | 9.0k | 9.0k | 9.0k | 9.0k | 9.0k | ||||||||||||

## Additional Paid-in Capital | 486.8m | 617.4m | 675.8m | 721.4m | 736.6m | 748.3m | 767.8m | 778.5m | 796.4m | 811.7m | 826.0m | 837.7m | 856.4m | 1.1b | 1.1b | 1.1b | 1.1b | 1.1b | 1.2b | 1.2b | 1.2b | 1.3b |

## Retained Earnings | 61.2m | 63.6m | 70.1m | 91.4m | 100.7m | 107.6m | 128.8m | 141.6m | 154.8m | 188.8m | 203.6m | 216.6m | 301.6m | 331.8m | 354.5m | 356.2m | 357.5m | 358.5m | 297.4m | 252.0m | 242.7m | 99.5m |

## Total Equity | 548.2m | 681.3m | 745.9m | 812.2m | 837.2m | 855.5m | 895.8m | 918.7m | 949.6m | 998.6m | 1.0b | 1.1b | 1.2b | 1.4b | 1.4b | 1.5b | 1.5b | 1.5b | 1.5b | 1.5b | 1.5b | 1.4b |

## Debt to Equity Ratio | 0.1 x | 0.1 x | 0.2 x | 0.2 x | 0.3 x | 0.3 x | ||||||||||||||||

## Debt to Assets Ratio | 0.1 x | 0.1 x | 0.1 x | 0.2 x | 0.2 x | 0.2 x | ||||||||||||||||

## Financial Leverage | 1.5 x | 1.3 x | 1.3 x | 1.3 x | 1.3 x | 1.2 x | 1.2 x | 1.2 x | 1.2 x | 1.2 x | 1.2 x | 1.2 x | 1.4 x | 1.3 x | 1.4 x | 1.5 x | 1.6 x | 1.6 x | 1.8 x | 1.7 x | 1.6 x | 1.7 x |

USD | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 | FY, 2018 | FY, 2019 | FY, 2020 |
---|---|---|---|---|---|---|---|---|

## Net Income | 6.7m | 24.3m | 38.1m | 49.6m | 99.0m | 78.5m | (18.6m) | (155.9m) |

## Depreciation and Amortization | 13.5m | 22.7m | 28.0m | 35.2m | 51.8m | 21.6m | 30.2m | 42.4m |

## Accounts Receivable | (8.3m) | (7.4m) | (4.3m) | (17.5m) | (27.8m) | (6.1m) | (11.6m) | 6.9m |

## Accounts Payable | 2.1m | (259.0k) | 3.3m | (3.2m) | (4.2m) | 11.2m | 2.0m | (2.0m) |

## Cash From Operating Activities | 40.8m | 72.9m | 44.8m | 97.7m | 152.7m | 225.5m | 182.6m | 135.0m |

## Purchases of PP&E | (4.4m) | (3.7m) | (4.1m) | (24.1m) | (19.0m) | (43.0m) | (55.2m) | (63.0m) |

## Cash From Investing Activities | 6.2m | (118.7m) | (116.4m) | (45.5m) | (337.0m) | (594.0m) | (148.4m) | (124.7m) |

## Long-term Borrowings | (25.8m) | (53.9m) | (342.3m) | (175.0m) | ||||

## Cash From Financing Activities | (1.8m) | 161.3m | 39.4m | 19.3m | 178.1m | 346.7m | 129.3m | (27.3m) |

## Net Change in Cash | 45.2m | 115.5m | (32.2m) | 71.5m | (6.2m) | (21.8m) | 163.5m | (17.0m) |

## Income Taxes Paid | 7.7m | 1.3m | 8.7m | 19.1m | 7.9m | 1.2m | 216.0k |

USD | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|

## Net Income | 2.7m | 6.5m | 10.6m | 19.9m | 26.8m | 9.9m | 22.7m | 35.9m | 17.7m | 32.5m | 45.5m | 30.8m | 60.9m | 83.6m | 6.9m | 8.1m | 9.2m | (33.4m) | (78.8m) | (88.1m) | (75.5m) |

## Depreciation and Amortization | 5.6m | 5.7m | 6.2m | 15.1m | 21.4m | 7.3m | 16.2m | 25.3m | 10.0m | 20.5m | 33.1m | 21.0m | 40.8m | 61.8m | 6.2m | 13.6m | 21.7m | 8.7m | 18.8m | 30.1m | 12.3m |

## Accounts Receivable | (8.7m) | (13.6m) | (11.9m) | (8.5m) | (6.9m) | (10.0m) | (11.7m) | (22.3m) | (1.7m) | 784.0k | (12.1m) | 3.9m | 5.8m | (18.0m) | (30.4m) | (13.3m) | (13.3m) | (18.3m) | 43.4m | 42.6m | 6.9m |

## Accounts Payable | (962.0k) | (1.3m) | (1.8m) | (4.0m) | (633.0k) | 5.4m | (858.0k) | (4.6m) | 483.0k | (978.0k) | 3.0m | 601.0k | (107.0k) | 5.3m | (18.6m) | (10.2m) | (50.0k) | 4.7m | 547.0k | (5.4m) | (3.5m) |

## Cash From Operating Activities | 30.3m | 47.3m | 30.4m | 30.5m | 13.6m | 18.7m | 37.2m | 62.4m | 51.6m | 67.8m | 106.4m | 71.5m | 116.0m | 165.5m | 13.9m | 69.8m | 156.0m | 37.5m | 190.9m | 155.5m | 24.0m |

## Purchases of PP&E | (2.4m) | (3.2m) | (441.0k) | (1.2m) | (2.9m) | (3.3m) | (8.4m) | (2.9m) | (3.1m) | (7.3m) | (12.5m) | (5.5m) | (19.3m) | (32.0m) | (8.0m) | (23.1m) | (42.7m) | (19.7m) | (41.8m) | (53.2m) | (9.8m) |

## Cash From Investing Activities | (3.5m) | (71.3m) | (56.2m) | (61.0m) | (94.9m) | 14.4m | (77.3m) | (69.5m) | (14.1m) | (17.2m) | (85.2m) | (3.3m) | (46.8m) | (413.0m) | (24.5m) | (58.0m) | (104.6m) | (21.6m) | (71.2m) | (109.7m) | (26.6m) |

## Long-term Borrowings | (25.8m) | (51.6m) | (52.3m) | (2.0m) | (342.3m) | (342.3m) | (175.0m) | (175.0m) | |||||||||||||

## Cash From Financing Activities | 93.6m | 149.7m | 12.3m | 24.2m | 32.7m | 1.2m | 4.5m | 16.5m | (2.1m) | 2.8m | 4.5m | (30.3m) | 139.7m | 307.4m | (11.2m) | 136.3m | 132.1m | 168.4m | (11.3m) | (17.2m) | (8.8m) |

## Net Change in Cash | 120.4m | 125.6m | (13.4m) | 76.0k | (48.7m) | 34.2m | (35.7m) | 9.4m | 35.4m | 53.4m | 37.8m | 208.9m | 59.9m | (21.8m) | 148.1m | 183.5m | 184.3m | 108.4m | 28.5m | (11.5m) | |

## Income Taxes Paid | 1.3m | 1.3m | 3.3m | 5.8m | 746.0k | 13.8m | 16.3m | 227.0k | 7.4m | 7.5m | 351.0k | 567.0k | 567.0k | 136.0k |

USD | FY, 2013 |
---|---|

## Financial Leverage | 1.4 x |

Q1, 2014 | Q2, 2014 | Q3, 2014 | FY, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | FY, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | FY, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | FY, 2017 | Q1, 2018 | Q2, 2018 | FY, 2018 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|

## Active Users | 3.85 m | 4.19 m | 4.57 m | 5.03 m | 5.6 m | 5.93 m | 6.43 m | 6.75 m | 6.97 m | 7.35 m | 7.69 m | 8.2 m | 8.75 m | 9.18 m | 9.81 m | 14.5 m | 15.08 m | 15.58 m | 17.69 m |

## Average Daily Deliveries | 181.2 k | 174.5 k | 172.7 k | 182.8 k | 234.7 k | 220.1 k | 211.5 k | 227.1 k | 267.8 k | 271.1 k | 267.5 k | 274.8 k | 324.6 k | 313.9 k | 304.5 k | 392.5 k | 436.9 k | 423.2 k | 435.9 k |

## Active Cities | 700 | 700 | 800 | 800 | 900 | 900 | 900 | 1 k | 1 k | 1.1 k | 1.1 k | 1.1 k | 1.1 k | 1.2 k | 1.3 k | 1.6 k | 1.6 k | 1.6 k | |

## Restaurants | 30 k | 35 k | 35 k | 35 k | 40 k | 44 k | 45 k | 45 k | 50 k | 50 k | 55 k | 75 k | 80 k | 80 k | 85 k | ||||

## Menus in Database | 310 k | 380 k | 415 k | 650 k | |||||||||||||||

## Patents Issued | 5 | 6 | 7 | 10 | |||||||||||||||

## Patents Pending | 19 | 18 | 15 | 13 | |||||||||||||||

## Trademarks (US) | 40 | 50 | 58 | 70 | |||||||||||||||

## Trademarks (Foreign) | 5 | 6 | 5 | ||||||||||||||||

## Trademarks Pending | 11 | 9 | 4 |