NASDAQ : DASH
DoorDash, Inc. — Financial statements
Consumer Discretionary · Internet Retail · United States
Last price 179 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 77.56B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
DoorDash, Inc. (DASH) reported revenue of 17.06B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 17.06B | 13.72B | 10.72B | 8.63B | 6.58B | 4.89B |
| Cost of Revenue | 8.08B | 6.61B | 5.42B | 4.47B | 3.50B | 2.27B |
| Gross Profit | 8.98B | 7.11B | 5.30B | 4.16B | 3.08B | 2.62B |
| Selling, General & Admin | 4.93B | 4.09B | 3.51B | 3.23B | 2.85B | 2.46B |
| Research & Development | 1.85B | 1.43B | 1.17B | 999.00M | 828.00M | 429.00M |
| Other Operating Expenses | 1.00M | 5.00M | 8.00M | 6.00M | 2.00M | 11.00M |
| Operating Expenses | 7.93B | 6.27B | 5.25B | 4.74B | 4.04B | 3.06B |
| Operating Income | 1.05B | 841.00M | 52.00M | -575.00M | -960.00M | -441.00M |
| Interest Expense | -11.00M | |||||
| Interest & Investment Income | 148.00M | 211.00M | 199.00M | 152.00M | 30.00M | |
| Currency Exchange Gain (Loss) | 24.00M | 24.00M | ||||
| Other Non Operating Income (Expenses) | 22.00M | -33.00M | -1.00M | -6.00M | -2.00M | |
| EBT Excluding Unusual Items | 1.25B | 1.04B | 250.00M | -429.00M | -932.00M | -452.00M |
| Merger & Restructuring Charges | -154.00M | -107.00M | -7.00M | -4.00M | -162.00M | -10.00M |
| Gain (Loss) on Sale of Investments | 14.00M | 14.00M | -4.00M | -101.00M | -303.00M | |
| Asset Writedown | -5.00M | -11.00M | -83.00M | -2.00M | -1.00M | |
| Pretax Income | 1.10B | 939.00M | 156.00M | -534.00M | -1.40B | -463.00M |
| Income Tax Expense | 44.00M | 7.00M | 39.00M | 31.00M | -31.00M | 5.00M |
| Earnings From Continuing Operations | 1.06B | 932.00M | 117.00M | -565.00M | -1.37B | -468.00M |
| Minority Interest in Earnings | 3.00M | 3.00M | 6.00M | 7.00M | 3.00M | |
| Net Income | 1.06B | 935.00M | 123.00M | -558.00M | -1.36B | -468.00M |
| Net Income to Common | 1.06B | 935.00M | 123.00M | -558.00M | -1.36B | -468.00M |
| Shares Outstanding (Basic) | 434.22M | 427.04M | 411.55M | 392.95M | 371.41M | 336.85M |
| Shares Outstanding (Diluted) | 441.22M | 439.69M | 430.24M | 392.95M | 371.41M | 336.85M |
| EPS (Basic) | 2.45 | 2.19 | 0.30 | -1.42 | -3.68 | -1.39 |
| EPS (Diluted) | 2.41 | 2.13 | 0.29 | -1.42 | -3.68 | -1.39 |
| Free Cash Flow | 2.69B | 2.17B | 2.03B | 1.55B | 191.00M | 563.00M |
| Free Cash Flow Per Share | 6.10 | 4.94 | 4.71 | 3.94 | 0.51 | 1.67 |
| Gross Margin | 52.66% | 51.83% | 49.42% | 48.22% | 46.85% | 53.56% |
| Operating Margin | 6.18% | 6.13% | 0.48% | -6.66% | -14.58% | -9.02% |
| Profit Margin | 6.23% | 6.82% | 1.15% | -6.46% | -20.73% | -9.57% |
| Free Cash Flow Margin | 15.77% | 15.85% | 18.91% | 17.95% | 2.90% | 11.52% |
| EBITDA | 1.71B | 1.22B | 295.00M | -322.00M | -748.00M | -348.00M |
| EBITDA Margin | 10.02% | 8.88% | 2.75% | -3.73% | -11.36% | -7.12% |
| D&A For EBITDA | 655.00M | 377.00M | 243.00M | 253.00M | 212.00M | 93.00M |
| EBIT | 1.05B | 841.00M | 52.00M | -575.00M | -960.00M | -441.00M |
| EBIT Margin | 6.18% | 6.13% | 0.48% | -6.66% | -14.58% | -9.02% |
| Effective Tax Rate | 3.99% | 0.74% | 25.00% | |||
| Advertising Expenses | 1.60B | 1.30B | 1.30B | 1.10B | 1.20B |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 5.05B | 4.38B | 4.02B | 2.66B | 1.98B | 2.50B |
| Short-Term Investments | 929.00M | 1.13B | 1.32B | 1.42B | 1.54B | 1.25B |
| Cash & Short-Term Investments | 5.98B | 5.51B | 5.34B | 4.08B | 3.52B | 3.76B |
| Accounts Receivable | 1.21B | 1.11B | 732.00M | 533.00M | 400.00M | 349.00M |
| Other Receivables | 219.00M | 279.00M | 133.00M | |||
| Receivables | 1.43B | 1.39B | 865.00M | 533.00M | 400.00M | 349.00M |
| Prepaid Expenses | 447.00M | 414.00M | 237.00M | 474.00M | 322.00M | 114.00M |
| Restricted Cash | 301.00M | 273.00M | 190.00M | 105.00M | ||
| Other Current Assets | 1.20B | 1.06B | 753.00M | 407.00M | 477.00M | 345.00M |
| Total Current Assets | 9.36B | 8.64B | 7.39B | 5.60B | 4.72B | 4.57B |
| Property, Plant & Equipment | 1.75B | 1.50B | 1.17B | 1.15B | 1.07B | 738.00M |
| Long-Term Investments | 1.11B | 874.00M | 835.00M | 583.00M | 521.00M | 1.06B |
| Goodwill | 5.53B | 5.52B | 2.31B | 2.43B | 2.37B | 316.00M |
| Other Intangible Assets | 1.90B | 2.26B | 510.00M | 659.00M | 765.00M | 61.00M |
| Long-Term Deferred Charges | 110.00M | 112.00M | 93.00M | 86.00M | 64.00M | 37.00M |
| Other Long-Term Assets | 816.00M | 747.00M | 539.00M | 334.00M | 276.00M | 33.00M |
| Total Assets | 20.58B | 19.66B | 12.85B | 10.84B | 9.79B | 6.81B |
| Accounts Payable | 333.00M | 397.00M | 321.00M | 216.00M | 157.00M | 161.00M |
| Accrued Expenses | 2.63B | 2.38B | 1.97B | 1.45B | 956.00M | 629.00M |
| Current Portion of Leases | 104.00M | 105.00M | 68.00M | 68.00M | 55.00M | 26.00M |
| Current Unearned Revenue | 582.00M | 547.00M | 396.00M | 308.00M | 251.00M | 183.00M |
| Other Current Liabilities | 2.75B | 2.72B | 1.68B | 1.37B | 1.12B | 761.00M |
| Total Current Liabilities | 6.39B | 6.15B | 4.44B | 3.41B | 2.54B | 1.76B |
| Long-Term Debt | 2.73B | 2.72B | ||||
| Long-Term Leases | 466.00M | 461.00M | 468.00M | 454.00M | 456.00M | 373.00M |
| Other Long-Term Liabilities | 268.00M | 281.00M | 129.00M | 162.00M | 21.00M | 9.00M |
| Total Liabilities | 9.85B | 9.61B | 5.04B | 4.03B | 3.02B | 2.14B |
| Additional Paid-In Capital | 15.14B | 14.09B | 13.16B | 11.89B | 10.63B | 6.75B |
| Retained Earnings | -4.52B | -4.32B | -5.25B | -5.15B | -3.85B | -2.08B |
| Comprehensive Income & Other | 97.00M | 261.00M | -107.00M | 73.00M | -33.00M | -4.00M |
| Total Common Equity | 10.72B | 10.03B | 7.80B | 6.81B | 6.75B | 4.67B |
| Minority Interest | 10.00M | 13.00M | 7.00M | 7.00M | 14.00M | |
| Shareholders' Equity | 10.73B | 10.05B | 7.81B | 6.81B | 6.77B | 4.67B |
| Total Liabilities & Equity | 20.58B | 19.66B | 12.85B | 10.84B | 9.79B | 6.81B |
| Total Debt | 3.30B | 3.29B | 536.00M | 522.00M | 511.00M | 399.00M |
| Net Cash (Debt) | 2.68B | 2.22B | 4.80B | 4.14B | 3.41B | 4.01B |
| Net Cash Per Share | 6.08 | 5.04 | 11.17 | 10.53 | 9.17 | 11.90 |
| Filing Date Shares Outstanding | 435.98M | 434.43M | 420.10M | 404.00M | 392.08M | 348.41M |
| Total Common Shares Outstanding | 435.96M | 434.25M | 419.68M | 403.23M | 391.47M | 346.51M |
| Working Capital | 2.97B | 2.50B | 2.95B | 2.19B | 2.18B | 2.81B |
| Book Value Per Share | 24.58 | 23.10 | 18.59 | 16.88 | 17.25 | 13.47 |
| Tangible Book Value | 3.28B | 2.25B | 4.98B | 3.71B | 3.62B | 4.29B |
| Tangible Book Value Per Share | 7.53 | 5.19 | 11.86 | 9.21 | 9.24 | 12.38 |
| Machinery | 573.00M | 510.00M | 363.00M | 310.00M | 276.00M | 232.00M |
| Construction In Progress | 103.00M | 48.00M | 61.00M | 40.00M | 74.00M | 31.00M |
| Leasehold Improvements | 296.00M | 268.00M | 211.00M | 217.00M | 164.00M | 98.00M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 1.06B | 935.00M | 123.00M | -558.00M | -1.36B | -468.00M |
| Depreciation & Amortization | 655.00M | 377.00M | 243.00M | 253.00M | 212.00M | 93.00M |
| Other Amortization | 576.00M | 447.00M | 378.00M | 301.00M | 157.00M | 63.00M |
| Asset Writedown & Restructuring Costs | 5.00M | 11.00M | 83.00M | 2.00M | ||
| Loss (Gain) From Sale of Investments | -17.00M | -17.00M | 4.00M | 101.00M | 303.00M | |
| Stock-Based Compensation | 1.12B | 1.05B | 1.10B | 1.09B | 889.00M | 486.00M |
| Other Operating Activities | 130.00M | 152.00M | 66.00M | 71.00M | 96.00M | 127.00M |
| Change in Accounts Receivable | -331.00M | -359.00M | -222.00M | -141.00M | -33.00M | -94.00M |
| Change in Accounts Payable | 57.00M | 54.00M | 82.00M | 70.00M | -15.00M | 79.00M |
| Change in Other Net Operating Assets | -308.00M | -220.00M | 276.00M | 488.00M | 121.00M | 406.00M |
| Operating Cash Flow | 2.95B | 2.43B | 2.13B | 1.67B | 367.00M | 692.00M |
| Capital Expenditures | -262.00M | -257.00M | -104.00M | -123.00M | -176.00M | -129.00M |
| Cash Acquisitions | -3.01B | -4.15B | 71.00M | |||
| Sale (Purchase) of Intangibles | -488.00M | -348.00M | -226.00M | -201.00M | -170.00M | -108.00M |
| Investment in Securities | 56.00M | 389.00M | -107.00M | -16.00M | -24.00M | -1.81B |
| Other Investing Activities | -15.00M | -24.00M | -7.00M | -2.00M | -1.00M | -1.00M |
| Investing Cash Flow | -3.72B | -4.39B | -444.00M | -342.00M | -300.00M | -2.05B |
| Long-Term Debt Issued | 2.72B | |||||
| Total Debt Issued | 2.72B | |||||
| Short-Term Debt Repaid | -333.00M | |||||
| Total Debt Repaid | -333.00M | |||||
| Net Debt Issued (Repaid) | 2.72B | -333.00M | ||||
| Issuance of Common Stock | 5.00M | 9.00M | 14.00M | 6.00M | 11.00M | 32.00M |
| Repurchase of Common Stock | -1.05B | -224.00M | -750.00M | -400.00M | -172.00M | |
| Other Financing Activities | -66.00M | -369.00M | 6.00M | -8.00M | 14.00M | -10.00M |
| Financing Cash Flow | -1.11B | 2.36B | -204.00M | -752.00M | -375.00M | -483.00M |
| Foreign Exchange Rate Adjustments | -24.00M | 60.00M | -35.00M | 5.00M | -10.00M | -1.00M |
| Net Cash Flow | -1.90B | 460.00M | 1.45B | 584.00M | -318.00M | -1.84B |
| Free Cash Flow | 2.69B | 2.17B | 2.03B | 1.55B | 191.00M | 563.00M |
| Free Cash Flow Margin | 15.77% | 15.85% | 18.91% | 17.95% | 2.90% | 11.52% |
| Free Cash Flow Per Share | 6.10 | 4.94 | 4.71 | 3.94 | 0.51 | 1.67 |
| Levered Free Cash Flow | 6.37B | 2.38B | 1.92B | 1.49B | 676.00M | 683.50M |
| Unlevered Free Cash Flow | 6.37B | 2.38B | 1.92B | 1.49B | 676.00M | 690.38M |
| Cash Interest Paid | 42.00M | |||||
| Change in Working Capital | -582.00M | -525.00M | 136.00M | 417.00M | 73.00M | 391.00M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 82.87B | 97.61B | 69.68B | 39.38B | 18.95B | 51.08B |
| Enterprise Value | 80.18B | 95.79B | 64.46B | 35.59B | 15.30B | 46.73B |
| Last Close Price | 190.07 | 226.48 | 167.75 | 98.89 | 48.82 | 148.90 |
| PE Ratio | 78.89 | 104.40 | 566.53 | |||
| Forward PE | 27.46 | 38.73 | 39.73 | 42.35 | 269.28 | 294.65 |
| PS Ratio | 4.86 | 7.12 | 6.50 | 4.56 | 2.88 | 10.45 |
| PB Ratio | 7.73 | 9.72 | 8.92 | 5.78 | 2.80 | 10.95 |
| P/TBV Ratio | 25.24 | 43.31 | 14.00 | 10.60 | 5.24 | 11.91 |
| P/FCF Ratio | 30.79 | 44.90 | 34.36 | 25.41 | 99.23 | 90.73 |
| P/OCF Ratio | 28.06 | 40.15 | 32.68 | 23.54 | 51.64 | 73.82 |
| PEG Ratio | 0.63 | 1.03 | 0.85 | 5.03 | 5.03 | 5.03 |
| EV/Sales Ratio | 4.70 | 6.98 | 6.01 | 4.12 | 2.32 | 9.56 |
| EV/EBITDA Ratio | 46.89 | 78.65 | 218.52 | |||
| EV/EBIT Ratio | 76.00 | 113.90 | 1,239.71 | |||
| EV/FCF Ratio | 29.80 | 44.06 | 31.79 | 22.96 | 80.09 | 83.01 |
| Debt / Equity Ratio | 0.31 | 0.33 | 0.07 | 0.08 | 0.08 | 0.09 |
| Debt / EBITDA Ratio | 1.78 | 2.44 | 1.30 | |||
| Debt / FCF Ratio | 1.23 | 1.51 | 0.26 | 0.34 | 2.67 | 0.71 |
| Net Debt / Equity Ratio | -0.25 | -0.22 | -0.61 | -0.61 | -0.50 | -0.86 |
| Net Debt / EBITDA Ratio | -1.57 | -1.82 | -16.29 | 12.85 | 4.55 | 11.52 |
| Net Debt / FCF Ratio | -1.00 | -1.02 | -2.37 | -2.67 | -17.84 | -7.12 |
| Asset Turnover | 0.89 | 0.84 | 0.91 | 0.84 | 0.79 | 0.74 |
| Quick Ratio | 1.16 | 1.12 | 1.40 | 1.35 | 1.54 | 2.33 |
| Current Ratio | 1.47 | 1.41 | 1.66 | 1.64 | 1.85 | 2.59 |
| Return on Equity (ROE) | 10.48% | 10.44% | 1.60% | -8.32% | -23.93% | -9.99% |
| Return on Assets (ROA) | 3.42% | 3.23% | 0.27% | -3.48% | -7.23% | -4.19% |
| Return on Invested Capital (ROIC) | 12.72% | 15.41% | 1.25% | -16.39% | -37.89% | -49.91% |
| Return on Capital Employed (ROCE) | 7.40% | 6.20% | 0.60% | -7.70% | -13.30% | -8.70% |
| Earnings Yield | 1.27% | 0.96% | 0.18% | -1.42% | -7.20% | -0.92% |
| FCF Yield | 3.25% | 2.23% | 2.91% | 3.94% | 1.01% | 1.10% |
| Buyback Yield / Dilution | 2.37% | -2.20% | -9.49% | -5.80% | -10.26% | -439.90% |