DoorDash, Inc. DASH

Industrials SIC 7389 - Services-Business Services, NEC NAICS Administrative and Support and Waste Management and Remediation Services › Administrative and Support Services derived Nasdaq

Our mission is to grow and empower local economies. We aim to do this by providing services that reduce friction in local commerce and help merchants better connect with consumers in their communities. Our primary offerings include the DoorDash Marketplace, the Wolt Marketplace, and the Deliveroo Marketplace (our "Marketplaces"), and our Commerce Platform.

Our Marketplaces operate in over 40 countries, including the United States, and account for the vast majority of our revenue today. Our Marketplaces serve three primary constituents: merchants, consumers, and Dashers1.

Our Marketplaces provide an integrated suite of services that help merchants establish an online presence, connect with consumers in their communities, and solve mission-critical challenges, such as customer acquisition, demand generation, order fulfillment, merchandising, payment processing, and customer support. We typically earn a fee from merchants for the services we provide based on the size of each transaction. We also offer advertising as a value-added service through our Marketplaces to help merchants and consumer packaged goods companies increase consumer engagement and drive incremental revenue.

Last close 179.38 2026-10-23
Market cap $77.93B estimated share count
52-week range 143.30 - 269.00

Valuation FY2025 figures against the last close

P/S5.7x
P/E84.2x
P/FCF35.8x
EV/EBITDA53.0x
Dividend yield—
Diluted EPS2.13

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • United States
  • International
Revenue by geography, 2 categories over 3 years. The same figures are in the table below. FY2025 United States, FY2025: 11.5B (83.5%) 84% United States International, FY2025: 2.3B (16.5%) 16% International FY2024 United States, FY2024: 9.4B (87.7%) 88% International, FY2024: 1.3B (12.3%) 12% FY2023 United States, FY2023: 7.8B (90.1%) 90% International, FY2023: 854M (9.9%) 10%
Region FY2025FY2024FY2023
United States $11.46B $9.40B $7.78B
International $2.26B $1.32B $854.0M

As the company reported it, from the “Revenue - Disaggregated Revenue (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Revenue $13.72B$10.72B$8.63B$6.58B$4.89B$2.89B$885.0M$291.0M—
R&D $1.43B$1.17B$1.00B$829.0M$430.0M$321.0M$107.0M$51.0M—
SG&A $1.60B$1.45B$1.24B$1.15B$797.0M$556.0M$245.0M$78.0M—
Total operating expenses $12.99B$10.76B$9.21B$7.71B$5.34B$3.32B$1.50B$501.0M—
Operating income $723.0M-$38.0M-$579.0M-$1.12B-$452.0M-$436.0M-$616.0M-$210.0M—
Interest expense ———$2.0M$14.0M$32.0M$0$1.0M—
Pre-tax income $939.0M$156.0M-$534.0M-$1.40B-$463.0M-$458.0M-$666.0M-$204.0M—
Income tax $7.0M$39.0M$31.0M$31.0M$5.0M$3.0M$1.0M$0—
Net income $935.0M$123.0M-$558.0M-$1.36B-$468.0M-$461.0M-$667.0M-$204.0M—
EPS, basic 2.190.30-1.42-3.68-1.39-7.39-15.44——
EPS, diluted 2.130.29-1.42-3.68-1.39-7.39-15.44-4.67—
Shares, diluted (wtd. avg.) 439.7M430.2M392.9M371.4M336.8M62.4M43.3M——

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Cash and equivalents $4.38B$4.02B$2.66B$2.19B$2.51B$4.34B$287.0M$215.0M$65.0M
Short-term investments $1.13B$1.32B$1.42B$1.54B$1.25B$514.0M$508.0M——
Receivables $1.11B$732.0M$533.0M$400.0M$349.0M$291.0M$58.0M——
Total current assets $8.64B$7.39B$5.60B$4.72B$4.57B$5.52B$998.0M——
Goodwill $5.52B$2.31B$2.43B$2.37B$316.0M$316.0M$306.0M$0—
Other intangibles $2.26B$510.0M$659.0M$765.0M$61.0M$74.0M$103.0M——
Total assets $19.66B$12.85B$10.84B$9.79B$6.81B$6.35B$1.73B——
Accounts payable $397.0M$321.0M$216.0M$157.0M$161.0M$80.0M$20.0M——
Total current liabilities $6.15B$4.44B$3.41B$2.54B$1.76B$1.40B$382.0M——
Total liabilities $9.61B$5.04B$4.03B$3.02B$2.14B$1.65B$550.0M——
Retained earnings -$4.32B-$5.25B-$5.15B-$3.85B-$2.08B-$1.61B-$1.15B——
Total equity $10.03B$7.80B$6.81B$6.75B$4.67B$4.70B-$1.08B-$436.0M-$198.0M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Operating cash flow $2.43B$2.13B$1.67B$367.0M$692.0M$252.0M-$467.0M-$159.0M—
Depreciation and amortisation $747.0M$561.0M$509.0M$369.0M$156.0M$120.0M$32.0M$9.0M—
Stock-based compensation $1.05B$1.10B$1.09B$889.0M$486.0M$322.0M$18.0M$24.0M—
Capital expenditure $257.0M$104.0M$123.0M$176.0M$129.0M$106.0M$78.0M$13.0M—
Investing cash flow -$4.39B-$444.0M-$342.0M-$300.0M-$2.05B-$192.0M-$570.0M-$357.0M—
Financing cash flow $2.36B-$204.0M-$752.0M-$375.0M-$483.0M$4.00B$1.11B$666.0M—
Buybacks $0$224.0M$750.0M$400.0M$0$0$0$60.0M—

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001792789-26-000035.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -5B 0 5B 10B 15B Revenue, FY2018: 291M Net income, FY2018: -204M Revenue, FY2019: 885M Net income, FY2019: -667M Revenue, FY2020: 2.9B Net income, FY2020: -461M Revenue, FY2021: 4.9B Net income, FY2021: -468M Revenue, FY2022: 6.6B Net income, FY2022: -1.4B Revenue, FY2023: 8.6B Net income, FY2023: -558M Revenue, FY2024: 10.7B Net income, FY2024: 123M Revenue, FY2025: 13.7B Net income, FY2025: 935M FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue — $291.0M $885.0M $2.89B $4.89B $6.58B $8.63B $10.72B $13.72B
Gross profit — — — — — — — — —
Net income — -$204.0M -$667.0M -$461.0M -$468.0M -$1.36B -$558.0M $123.0M $935.0M

Recent filings and events

  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Shareholder vote Item 5.07
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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