8-K Announcements
6Feb 18, 2026·SEC
Jan 20, 2026·SEC
Nov 5, 2025·SEC
DoorDash, Inc. (DASH) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
DoorDash, Inc. (DASH) stock price & volume — 10-year historical chart
DoorDash, Inc. (DASH) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
DoorDash, Inc. (DASH) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 18, 2026 | $0.48vs $0.59-18.6% | $4.0Bvs $4.0B-1.0% |
| Q4 2025 | Nov 5, 2025 | $0.55vs $0.68-19.5% | $3.4Bvs $3.4B+2.7% |
| Q3 2025 | Aug 6, 2025 | $0.65vs $0.44+48.3% | $3.3Bvs $3.2B+3.9% |
| Q2 2025 | May 6, 2025 | $0.44vs $0.39+12.4% | $3.0Bvs $3.1B-2.1% |
DoorDash, Inc. (DASH) competitors in On-Demand Delivery and Local Services — business model, growth, and fundamentals comparison
DoorDash, Inc. (DASH) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
DoorDash, Inc. (DASH) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 291M | 885M | 2.89B | 4.89B | 6.58B | 8.63B | 10.72B | 13.72B | 12.63B |
| Revenue Growth % | - | 204.12% | 226.1% | 69.37% | 34.68% | 31.17% | 24.17% | 27.93% | 24.46% |
| Cost of Goods Sold | 228M | 523M | 1.37B | 2.34B | 3.59B | 4.59B | 5.54B | 6.74B | 6.26B |
| COGS % of Revenue | 78.35% | 59.1% | 47.4% | 47.83% | 54.5% | 53.14% | 51.69% | 49.12% | - |
| Gross Profit | 63M▲ 0% | 362M▲ 474.6% | 1.52B▲ 319.3% | 2.55B▲ 68.0% | 3B▲ 17.5% | 4.05B▲ 35.1% | 5.18B▲ 28.0% | 6.98B▲ 34.7% | 6.38B▲ 0% |
| Gross Margin % | 21.65% | 40.9% | 52.6% | 52.17% | 45.5% | 46.86% | 48.31% | 50.88% | 50.49% |
| Gross Profit Growth % | - | 474.6% | 319.34% | 67.98% | 17.45% | 35.09% | 28.03% | 34.73% | - |
| Operating Expenses | 273M | 978M | 1.95B | 3B | 4.12B | 4.63B | 5.22B | 6.26B | 5.69B |
| OpEx % of Revenue | 93.81% | 110.51% | 67.71% | 61.42% | 62.57% | 53.56% | 48.67% | 45.61% | - |
| Selling, General & Admin | 213M | 839M | 1.51B | 2.42B | 2.83B | 3.11B | 3.49B | 4.08B | 3.75B |
| SG&A % of Revenue | 73.2% | 94.8% | 52.43% | 49.43% | 42.97% | 36.03% | 32.54% | 29.72% | - |
| Research & Development | 51M | 107M | 321M | 430M | 829M | 1B | 1.17B | 1.43B | 1.31B |
| R&D % of Revenue | 17.53% | 12.09% | 11.12% | 8.8% | 12.59% | 11.62% | 10.89% | 10.43% | - |
| Other Operating Expenses | 9M | 32M | 120M | 156M | 461M | 511M | 561M | 749M | 4M |
| Operating Income | -210M▲ 0% | -616M▼ 193.3% | -436M▲ 29.2% | -452M▼ 3.7% | -1.12B▼ 148.7% | -579M▲ 48.5% | -38M▲ 93.4% | 723M▲ 2002.6% | 693M▲ 0% |
| Operating Margin % | -72.16% | -69.6% | -15.11% | -9.25% | -17.07% | -6.71% | -0.35% | 5.27% | 5.48% |
| Operating Income Growth % | - | -193.33% | 29.22% | -3.67% | -148.67% | 48.49% | 93.44% | 2002.63% | - |
| EBITDA | -201M | -584M | -316M | -296M | -755M | -70M | 523M | 1.47B | 1.31B |
| EBITDA Margin % | -69.07% | -65.99% | -10.95% | -6.06% | -11.47% | -0.81% | 4.88% | 10.72% | 10.4% |
| EBITDA Growth % | - | -190.55% | 45.89% | 6.33% | -155.07% | 90.73% | 847.14% | 181.07% | 329.41% |
| D&A (Non-Cash Add-back) | 9M | 32M | 120M | 156M | 369M | 509M | 561M | 747M | 621M |
| EBIT | -203M | -666M | -426M | -452M | -1.03B | -577M | -38M | 942M | 684M |
| Net Interest Income | 6M | 18M | -25M | -11M | 30M | 152M | 199M | 0 | 220M |
| Interest Income | 7M | 18M | 7M | 3M | 32M | 152M | 199M | 0 | 220M |
| Interest Expense | 1M | 0 | 32M | 14M | 2M | 0 | 0 | 0 | 0 |
| Other Income/Expense | 6M | -50M | -22M | -11M | -275M | 45M | 194M | 216M | 200M |
| Pretax Income | -204M▲ 0% | -666M▼ 226.5% | -458M▲ 31.2% | -463M▼ 1.1% | -1.4B▼ 202.2% | -534M▲ 61.8% | 156M▲ 129.2% | 939M▲ 501.9% | 893M▲ 0% |
| Pretax Margin % | -70.1% | -75.25% | -15.87% | -9.47% | -21.25% | -6.18% | 1.46% | 6.85% | 7.07% |
| Income Tax | 0 | 1M | 3M | 5M | -31M | 31M | 39M | 4M | 35M |
| Effective Tax Rate % | 0% | -0.15% | -0.66% | -1.08% | 2.22% | -5.81% | 25% | 0.43% | 3.92% |
| Net Income | -204M▲ 0% | -667M▼ 227.0% | -461M▲ 30.9% | -468M▼ 1.5% | -1.36B▼ 191.7% | -558M▲ 59.1% | 123M▲ 122.0% | 935M▲ 660.2% | 863M▲ 0% |
| Net Margin % | -70.1% | -75.37% | -15.97% | -9.57% | -20.74% | -6.46% | 1.15% | 6.82% | 6.83% |
| Net Income Growth % | - | -226.96% | 30.88% | -1.52% | -191.67% | 59.12% | 122.04% | 660.16% | 601.74% |
| Net Income (Continuing) | -204M | -667M | -461M | -468M | -1.37B | -565M | 117M | 935M | 858M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 14M | 7M | 7M | 13M | 13M |
| EPS (Diluted) | -4.67▲ 0% | -15.44▼ 230.6% | -7.39▲ 52.1% | -1.39▲ 81.2% | -3.68▼ 164.9% | -1.42▲ 61.4% | 0.29▲ 120.4% | 2.13▲ 634.5% | 1.95▲ 0% |
| EPS Growth % | - | -230.62% | 52.14% | 81.2% | -164.86% | 61.41% | 120.42% | 634.48% | 540.03% |
| EPS (Basic) | -4.67 | -15.44 | -7.39 | -1.39 | -3.68 | -1.42 | 0.30 | 2.19 | - |
| Diluted Shares Outstanding | 44.3M | 43.25M | 62.39M | 336.85M | 371.41M | 392.95M | 430.24M | 439.69M | 441.81M |
| Basic Shares Outstanding | 43.66M | 43.19M | 62.39M | 336.85M | 371.41M | 392.95M | 411.55M | 427.04M | 428.91M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - |
DoorDash, Inc. (DASH) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 569M | 998M | 5.52B | 4.57B | 4.72B | 5.6B | 7.39B | 8.64B | 10.49B |
| Cash & Short-Term Investments | 470M | 765M | 4.86B | 3.76B | 3.52B | 4.08B | 5.34B | 5.51B | 4.24B |
| Cash Only | 215M | 257M | 4.34B | 2.5B | 1.98B | 2.66B | 4.02B | 4.38B | 3.28B |
| Short-Term Investments | 255M | 508M | 514M | 1.25B | 1.54B | 1.42B | 1.32B | 1.13B | 964M |
| Accounts Receivable | 19M | 58M | 291M | 349M | 400M | 696M | 865M | 1.11B | 894M |
| Days Sales Outstanding | 23.83 | 23.92 | 36.8 | 26.06 | 22.18 | 29.42 | 29.45 | 29.48 | 26.57 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 41M | 50M | 146M | 320M | 799M | 658M | 943M | 2.03B | 4.53B |
| Total Non-Current Assets | 114M | 734M | 836M | 2.24B | 5.07B | 5.24B | 5.46B | 11.02B | 7.48B |
| Property, Plant & Equipment | 21M | 267M | 413M | 738M | 1.07B | 1.15B | 1.17B | 1.5B | 1.37B |
| Fixed Asset Turnover | 13.86x | 3.31x | 6.99x | 6.62x | 6.14x | 7.52x | 9.19x | 9.12x | 9.98x |
| Goodwill | 0 | 306M | 316M | 316M | 2.37B | 2.43B | 2.31B | 5.52B | 3.57B |
| Intangible Assets | 0 | 103M | 74M | 61M | 765M | 659M | 510M | 2.26B | 878M |
| Long-Term Investments | 86M | 30M | 0 | 1.06B | 521M | 583M | 835M | 837M | 3.25B |
| Other Non-Current Assets | 7M | 28M | 33M | 70M | 340M | 420M | 632M | 896M | 2.95B |
| Total Assets | 683M▲ 0% | 1.73B▲ 153.6% | 6.35B▲ 266.8% | 6.81B▲ 7.2% | 9.79B▲ 43.8% | 10.84B▲ 10.7% | 12.85B▲ 18.5% | 19.66B▲ 53.0% | 17.97B▲ 0% |
| Asset Turnover | 0.43x | 0.51x | 0.45x | 0.72x | 0.67x | 0.80x | 0.83x | 0.70x | 0.82x |
| Asset Growth % | - | 153.59% | 266.8% | 7.18% | 43.77% | 10.73% | 18.51% | 53.05% | 126.61% |
| Total Current Liabilities | 110M | 382M | 1.4B | 1.76B | 2.54B | 3.41B | 4.44B | 6.15B | 5.13B |
| Accounts Payable | 35M | 20M | 80M | 161M | 157M | 216M | 321M | 397M | 257M |
| Days Payables Outstanding | 56.03 | 13.96 | 21.34 | 25.13 | 15.97 | 17.18 | 21.14 | 21.51 | 18.26 |
| Short-Term Debt | 0 | 0 | 364M | 0 | 0 | 0 | 0 | 105M | 0 |
| Deferred Revenue (Current) | 8M | 27M | 108M | 183M | 251M | 308M | 396M | 0 | 1.19B |
| Other Current Liabilities | 26M | 176M | 375M | 480M | 841M | 1.18B | 1.59B | 6.04B | 2.62B |
| Current Ratio | 5.17x | 2.61x | 3.94x | 2.59x | 1.86x | 1.64x | 1.66x | 1.41x | 1.41x |
| Quick Ratio | 5.17x | 2.61x | 3.94x | 2.59x | 1.86x | 1.64x | 1.66x | 1.41x | 1.41x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | 8.31 |
| Total Non-Current Liabilities | 24M | 168M | 251M | 382M | 477M | 616M | 597M | 3.47B | 3.33B |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3.19B | 2.72B |
| Capital Lease Obligations | 0 | 167M | 238M | 373M | 456M | 454M | 468M | 0 | 1.83B |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 24M | 1M | 13M | 9M | 21M | 162M | 129M | 281M | 580M |
| Total Liabilities | 134M | 550M | 1.65B | 2.14B | 3.02B | 4.03B | 5.04B | 9.61B | 8.46B |
| Total Debt | 0 | 184M | 617M | 399M | 511M | 522M | 536M | 3.29B | 3.26B |
| Net Debt | -215M | -73M | -3.73B | -2.1B | -1.47B | -2.13B | -3.48B | -1.09B | -22M |
| Debt / Equity | - | 0.16x | 0.13x | 0.09x | 0.08x | 0.08x | 0.07x | 0.33x | 0.33x |
| Debt / EBITDA | - | - | - | - | - | - | 1.02x | 2.24x | 2.48x |
| Net Debt / EBITDA | - | - | - | - | - | - | -6.66x | -0.74x | -0.74x |
| Interest Coverage | -210.00x | - | -13.63x | -32.29x | -562.00x | - | - | - | - |
| Total Equity | 549M▲ 0% | 1.18B▲ 115.3% | 4.7B▲ 297.6% | 4.67B▼ 0.7% | 6.77B▲ 45.0% | 6.81B▲ 0.7% | 7.81B▲ 14.6% | 10.05B▲ 28.6% | 9.51B▲ 0% |
| Equity Growth % | - | 115.3% | 297.63% | -0.7% | 45.02% | 0.66% | 14.63% | 28.63% | 84.34% |
| Book Value per Share | 12.39 | 27.33 | 75.33 | 13.85 | 18.22 | 17.34 | 18.15 | 22.85 | 21.52 |
| Total Shareholders' Equity | 549M | 1.18B | 4.7B | 4.67B | 6.75B | 6.81B | 7.8B | 10.03B | 9.49B |
| Common Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | -485M | -1.15B | -1.61B | -2.08B | -3.85B | -5.15B | -5.25B | -4.32B | -4.53B |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -1M | 0 | 0 | -4M | -33M | 73M | -107M | 261M | 268M |
| Minority Interest | 0 | 0 | 0 | 0 | 14M | 7M | 7M | 13M | 13M |
DoorDash, Inc. (DASH) cash flow — operating, investing & free cash flow history
| Line item | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | -159M | -467M | 252M | 692M | 367M | 1.67B | 2.13B | 2.43B | 2.43B |
| Operating CF Margin % | -54.64% | -52.77% | 8.73% | 14.16% | 5.58% | 19.37% | 19.88% | 17.72% | - |
| Operating CF Growth % | - | -193.71% | 153.96% | 174.6% | -46.97% | 355.86% | 27.44% | 14.02% | 80.76% |
| Net Income | -204M | -667M | -461M | -468M | -1.37B | -565M | 117M | 932M | 863M |
| Depreciation & Amortization | 9M | 32M | 120M | 156M | 369M | 509M | 561M | 747M | 621M |
| Stock-Based Compensation | 24M | 18M | 322M | 486M | 889M | 1.09B | 1.1B | 1.05B | 1.05B |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 0 | 90M | 79M | 83M | 329M | 111M | 103M | -299M | 115M |
| Working Capital Changes | 12M | 60M | 192M | 435M | 148M | 530M | 252M | 0 | -112M |
| Change in Receivables | -17M | -40M | -248M | -94M | -33M | -141M | -222M | -359M | -282M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 25M | -13M | 54M | 79M | -15M | 70M | 82M | 54M | 53M |
| Cash from Investing | -357M | -570M | -192M | -2.05B | -300M | -342M | -444M | -4.39B | -1.44B |
| Capital Expenditures | -13M | -78M | -106M | -129M | -176M | -123M | -104M | -257M | -235M |
| CapEx % of Revenue | 4.47% | 8.81% | 3.67% | 2.64% | 2.67% | 1.42% | 0.97% | 1.87% | - |
| Acquisitions | 0 | -315M | -28M | 0 | 71M | 0 | 0 | -4.15B | -1.2B |
| Investments | - | - | - | - | - | - | - | - | - |
| Other Investing | -3M | -15M | -52M | -109M | -171M | -203M | -233M | -372M | -301M |
| Cash from Financing | 666M | 1.11B | 4B | -483M | -375M | -752M | -204M | 2.36B | 2.39B |
| Debt Issued (Net) | 0 | 0 | 333M | -333M | 0 | 0 | 0 | 0 | 2.04B |
| Equity Issued (Net) | 1000K | 1000K | 1000K | 1000K | -1000K | -1000K | -1000K | 0 | 4M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -60M | 0 | 0 | 0 | -400M | -750M | -224M | 0 | 0 |
| Other Financing | -4M | -2M | -7M | -172M | 14M | -8M | 6M | 2.36B | -10M |
| Net Change in Cash | 150M▲ 0% | 72M▼ 52.0% | 4.06B▲ 5536.1% | -1.84B▼ 145.3% | -318M▲ 82.7% | 584M▲ 283.6% | 1.45B▲ 148.1% | 460M▼ 68.3% | 3.5B▲ 0% |
| Free Cash Flow | -175M▲ 0% | -559M▼ 219.4% | 93M▲ 116.6% | 455M▲ 389.2% | 21M▼ 95.4% | 1.35B▲ 6323.8% | 1.8B▲ 33.6% | 2.17B▲ 20.6% | 1.99B▲ 0% |
| FCF Margin % | -60.14% | -63.16% | 3.22% | 9.31% | 0.32% | 15.62% | 16.81% | 15.85% | 15.77% |
| FCF Growth % | - | -219.43% | 116.64% | 389.25% | -95.38% | 6323.81% | 33.58% | 20.64% | 11.91% |
| FCF per Share | -3.95 | -12.92 | 1.49 | 1.35 | 0.06 | 3.43 | 4.19 | 4.94 | 4.94 |
| FCF Conversion (FCF/Net Income) | 0.78x | 0.70x | -0.55x | -1.48x | -0.27x | -3.00x | 17.33x | 2.60x | 2.31x |
| Interest Paid | 0 | 0 | 0 | 42M | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 1M | 4M | 0 | 0 | 0 | 0 | 0 |
DoorDash, Inc. (DASH) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | -77.07% | -15.67% | -9.99% | -23.87% | -8.22% | 1.68% | 10.47% | 9.08% |
| Return on Invested Capital (ROIC) | -64.03% | -31.43% | -19.19% | -21.44% | -8.7% | -0.63% | 8.16% | 8.16% |
| Gross Margin | 40.9% | 52.6% | 52.17% | 45.5% | 46.86% | 48.31% | 50.88% | 50.49% |
| Net Margin | -75.37% | -15.97% | -9.57% | -20.74% | -6.46% | 1.15% | 6.82% | 6.83% |
| Debt / Equity | 0.16x | 0.13x | 0.09x | 0.08x | 0.08x | 0.07x | 0.33x | 0.33x |
| Interest Coverage | - | -13.63x | -32.29x | -562.00x | - | - | - | - |
| FCF Conversion | 0.70x | -0.55x | -1.48x | -0.27x | -3.00x | 17.33x | 2.60x | 2.31x |
| Revenue Growth | 204.12% | 226.1% | 69.37% | 34.68% | 31.17% | 24.17% | 27.93% | 24.46% |
DoorDash, Inc. (DASH) SEC filings — annual & quarterly reports (10-K, 10-Q)
Feb 18, 2026·SEC
Jan 20, 2026·SEC
Nov 5, 2025·SEC
Feb 18, 2026·SEC
DoorDash, Inc. (DASH) stock FAQ — growth, dividends, profitability & financials explained
DoorDash, Inc. (DASH) reported $12.63B in revenue for fiscal year 2025. This represents a 4242% increase from $291.0M in 2018.
DoorDash, Inc. (DASH) grew revenue by 27.9% over the past year. This is strong growth.
Yes, DoorDash, Inc. (DASH) is profitable, generating $863.0M in net income for fiscal year 2025 (6.8% net margin).
DoorDash, Inc. (DASH) has a return on equity (ROE) of 10.5%. This is reasonable for most industries.
DoorDash, Inc. (DASH) generated $1.99B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
DoorDash, Inc. (DASH) financial analysis — history, returns, DCA and operating performance tools
Analyst verdict, bull/bear case, risk factors and peer comparison
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates