DoorDash, Inc. (DASH)

DoorDash, Inc., together with its subsidiaries, operates a commerce platform that connects merchants, consumers, and dashers in the United States and internationally. The company operates DoorDash Marketplace, Wolt Marketplace, and Deliveroo Marketplace, which provide various services, such as customer acquisition, demand generation, order fulfillment, merchandising, payment processing, and customer support. It also offers consumer membership programs, DashPass, Wolt+, and Deliveroo Plus; advertising as a value-added service through its marketplaces; and white-label delivery fulfillment services, as well as services that help merchants establish online ordering, build branded mobile apps, manage reservations and in-store dining, manage consumer relationships, enable tableside order and pay, and improve customer support. The company was formerly known as Palo Alto Delivery Inc. and changed its name to DoorDash, Inc. in 2015. DoorDash, Inc. was founded in 2013 and is headquartered in San Francisco, California.

Symbol
DASH
Exchange
Nasdaq
Sector
Consumer Cyclical
Industry
Internet Retail
Market cap
$82.22B
52 week range
143.3 - 285.5

Valuation

Share price
$189.27 (close of 2026-09-23)
P/E (TTM)
97.56x
Price to book
8.29x
Price to free cash flow
31.69x
Enterprise value
$81.10B
Book value per share
$22.84

Price performance

PeriodChange
1 day-2.35%
5 days-4.53%
1 month-15.31%
3 months+10.35%
6 months+18.31%
Year to date-16.43%
1 year-28.78%
3 years+148.45%
5 years-12.78%
All time-0.13%

Profitability and growth

Return on equity
9.32%
Return on invested capital
8.00%
Return on assets
4.76%
Return on capital employed
5.35%
Gross margin
45.42%
Net margin
6.82%
EBITDA margin
10.72%
Revenue growth
27.93%
Net income growth
660.16%
Free cash flow growth
7.20%

Cash flow and balance sheet

Free cash flow yield (TTM)
3.16%
Current ratio
1.37x
Net debt to EBITDA
-0.63x

Latest reported year

Period end
2025-12-31
Fiscal year
2025
Revenue
$13.72B
Cost of revenue
$7.49B
Gross profit
$6.23B
EBITDA
$1.47B
Net income
$935.00M
Earnings per share
$2.19
Research and development
$1.43B
Shares outstanding
427.04M

Income statement by year

Period endRevenueGross profitNet incomeEPS
2025-12-31$13.72B$6.23B$935.00M$2.19
2024-12-31$10.72B$4.62B$123.00M$0.30
2023-12-31$8.63B$3.54B$-558.00M$-1.42
2022-12-31$6.58B$2.53B$-1.36B$-3.68
2021-12-31$4.89B$2.39B$-468.00M$-1.39
2020-12-31$2.89B$1.40B$-461.00M$-7.39
2019-12-31$885.00M$330.00M$-667.00M$-15.44
2018-12-31$291.00M$54.00M$-204.00M$-4.67

Margins and returns by year

Period endGross marginNet marginReturn on equityReturn on capital
2025-12-3145.42%6.82%9.32%8.00%
2024-12-3143.08%1.15%1.58%-0.88%
2023-12-3140.94%-6.46%-8.20%-12.39%
2022-12-3138.49%-20.74%-20.21%-20.67%
2021-12-3148.98%-9.57%-10.03%-17.64%
2020-12-3148.44%-15.97%-9.81%-71.71%
2019-12-3137.29%-75.37%61.65%-
2018-12-3118.56%-70.10%46.79%-

Cash and debt by year

Period endCash
2025-12-31$4.38B
2024-12-31$4.02B
2023-12-31$2.66B
2022-12-31$1.98B
2021-12-31$2.50B
2020-12-31$4.34B
2019-12-31$257.00M

Free cash flow by year

Period endFree cash flowStock-based compensation
2025-12-31$2.17B$1.05B
2024-12-31$2.03B$1.10B
2023-12-31$1.55B$1.09B
2022-12-31$191.00M$889.00M
2021-12-31$563.00M$486.00M
2020-12-31$146.00M$322.00M
2019-12-31$-545.00M$18.00M
2018-12-31$-172.00M$24.00M

Investor relations

Next earnings report

Next confirmed report
2026-11-04
Consensus EPS estimate
$0.82

Past earnings dates

ReportedFiscal periodEPS estimate
2026-08-05Jun/2026$0.50
2026-05-06--
2026-02-18--
2025-11-05--
2025-08-06--
2025-05-06--
2025-02-13--
2025-02-11--

Filings and sources

Company website
doordash.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

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Price-to-earnings ratio · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart

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