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GrubHub Inc.

No Longer Reporting

The company has not filed an annual or quarterly report since its Q1 FY2021 10-Q, filed May 6, 2021. Its latest SEC filing is a 15-12B from Jun 25, 2021.

The sections below describe the company as of the FY2020 annual report.

What Did They Do?

Connects diners with restaurants through online and mobile ordering for restaurant pickup and delivery.

How Did They Make Money?

Restaurants pay Grubhub a commission on orders processed through its platform, with an additional commission for restaurants using its delivery service; diners may also pay fees. For most orders, diners pay when they place the order, and Grubhub sends restaurants their proceeds, less commissions and other fees, at least monthly.

FY2020 revenue

Who Were Their Customers?

Restaurants use Grubhub to reach diners and generate takeout orders; diners use its apps and websites to find restaurants and place pickup and delivery orders. Businesses can also use its corporate ordering program.

Did Revenues Turn Into Profits?

Not on paper. It lost $155.9M in FY2020, but brought in more cash than it spent: $72M of free cash flow.

Operating income, FY2020
−8% of revenue
▲ +2271% (Loss) vs FY2019 (−$6.3M, 0%)
Net income, FY2020
−9% of revenue
▲ +739% (Loss) vs FY2019 (−$18.6M, −1%)
Free cash flow, FY2020
4% of revenue
▼ −44% vs FY2019 ($127.5M, 10%)

How Were They Changing?

Since the FY2020 annual report
Latest quarter: Q1 FY2021, the three months to Mar 31, 2021
Revenue
▲ +52%
vs $363M in Q1 FY2020
Net income
▲ +126% (Loss)
vs −$33.4M in Q1 FY2020
  • Jun 15, 2021 Just Eat Takeaway.com completed its acquisition of Grubhub. Grubhub shareholders received Just Eat Takeaway.com shares, and Grubhub requested that its NYSE stock be delisted.

Grew. Revenue grew 3.7x in 4 years, from $493.3M in FY2016 to $1.8B in FY2020, about 39% a year.

Who Did They Compete With?

Competes with DoorDash, Uber Eats, and Postmates

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