What is Doordash Inc's earnings per share (EPS)?

Doordash Inc (DASH) reported diluted earnings per share of $2.13 for fiscal year 2025. This represents a 634.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Doordash Inc Financials

DASH

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Doordash Inc (DASH) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 8 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 53/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Doordash Inc has an operating margin of 5.3%, meaning the company retains $5 of operating profit per $100 of revenue. This results in a moderate score of 34/100, indicating healthy but not exceptional operating efficiency. This is up from -0.4% the prior year.

Growth

Doordash Inc's revenue surged 27.9% year-over-year to $13.7B, reflecting rapid business expansion. This strong growth earns a score of 80/100.

Leverage

Doordash Inc carries a low D/E ratio of 0.96, meaning only $0.96 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 82/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Doordash Inc's current ratio of 1.41 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 24/100, which could limit financial flexibility.

Cash Flow

Doordash Inc converts 15.8% of revenue into free cash flow ($2.2B). This strong cash generation earns a score of 65/100.

Returns

Doordash Inc's ROE of 9.3% shows moderate profitability relative to equity, earning a score of 32/100. This is up from 1.6% the prior year.

Altman Z-Score Safe

4.74

Doordash Inc scores 4.74, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($65.2B) relative to total liabilities ($9.6B). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Piotroski F-Score Neutral

5/9

Doordash Inc passes 5 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.

Earnings Quality Cash-Backed

2.60x

For every $1 of reported earnings, Doordash Inc generates $2.60 in operating cash flow ($2.4B OCF vs $935.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$13.7B

YoY+27.9%

5Y CAGR+36.6%

Doordash Inc generated $13.7B in revenue in fiscal year 2025. This represents an increase of 27.9% from the prior year.

EBITDA

$1.5B

YoY+181.1%

Doordash Inc's EBITDA was $1.5B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 181.1% from the prior year.

Net Income

$935.0M

YoY+660.2%

Doordash Inc reported $935.0M in net income in fiscal year 2025. This represents an increase of 660.2% from the prior year.

EPS (Diluted)

$2.13

YoY+634.5%

Doordash Inc earned $2.13 per diluted share (EPS) in fiscal year 2025. This represents an increase of 634.5% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$2.2B

YoY+7.2%

5Y CAGR+71.6%

Doordash Inc generated $2.2B in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 7.2% from the prior year.

Cash & Debt

$4.4B

YoY+8.9%

5Y CAGR+0.2%

Doordash Inc held $4.4B in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

N/A

Margins & Returns

Gross Margin

50.9%

YoY+2.6pp

5Y CAGR-1.7pp

Doordash Inc's gross margin was 50.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 2.6 percentage points from the prior year.

Operating Margin

5.3%

YoY+5.6pp

5Y CAGR+20.4pp

Doordash Inc's operating margin was 5.3% in fiscal year 2025, reflecting core business profitability. This is up 5.6 percentage points from the prior year.

Net Margin

6.8%

YoY+5.7pp

5Y CAGR+22.8pp

Doordash Inc's net profit margin was 6.8% in fiscal year 2025, showing the share of revenue converted to profit. This is up 5.7 percentage points from the prior year.

Return on Equity

9.3%

YoY+7.7pp

5Y CAGR+19.1pp

Doordash Inc's ROE was 9.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 7.7 percentage points from the prior year.

Capital Allocation

R&D Spending

$1.4B

YoY+22.5%

5Y CAGR+34.8%

Doordash Inc invested $1.4B in research and development in fiscal year 2025. This represents an increase of 22.5% from the prior year.

Share Buybacks

YoY-100.0%

Doordash Inc spent $0 on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 100.0% from the prior year.

Capital Expenditures

$257.0M

YoY+147.1%

5Y CAGR+19.4%

Doordash Inc invested $257.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 147.1% from the prior year.

DASH Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$13.7B+27.9%	$10.7B+24.2%	$8.6B+31.2%	$6.6B+34.7%	$4.9B+69.4%	$2.9B
Cost of Revenue	$6.7B+21.6%	$5.5B+20.8%	$4.6B+27.9%	$3.6B+53.5%	$2.3B+70.9%	$1.4B
Gross Profit	$7.0B+34.7%	$5.2B+28.0%	$4.0B+35.1%	$3.0B+17.5%	$2.5B+68.0%	$1.5B
R&D Expenses	$1.4B+22.5%	$1.2B+16.5%	$1.0B+21.0%	$829.0M+92.8%	$430.0M+34.0%	$321.0M
SG&A Expenses	$1.6B+10.2%	$1.5B+17.6%	$1.2B+7.7%	$1.1B+43.9%	$797.0M+43.3%	$556.0M
Operating Income	$723.0M+2002.6%	-$38.0M+93.4%	-$579.0M+48.5%	-$1.1B-148.7%	-$452.0M-3.7%	-$436.0M
Interest Expense	N/A	N/A	N/A	$2.0M-85.7%	$14.0M-56.3%	$32.0M
Income Tax	$7.0M-82.1%	$39.0M+25.8%	$31.0M+200.0%	-$31.0M-720.0%	$5.0M+66.7%	$3.0M
Net Income	$935.0M+660.2%	$123.0M+122.0%	-$558.0M+59.1%	-$1.4B-191.7%	-$468.0M-1.5%	-$461.0M
EPS (Diluted)	$2.13+634.5%	$0.29+120.4%	$-1.42+61.4%	$-3.68-164.7%	$-1.39+81.2%	$-7.39

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	$4.0B+14.8%	$3.4B+4.9%	$3.3B+8.3%	$3.0B+5.5%	$2.9B+6.2%	$2.7B+2.9%	$2.6B+4.7%	$2.5B
Cost of Revenue	$1.9B+14.7%	$1.7B+4.4%	$1.6B+7.7%	$1.5B+3.2%	$1.5B+5.7%	$1.4B-0.8%	$1.4B+4.1%	$1.3B
Gross Profit	$2.0B+14.8%	$1.8B+5.5%	$1.7B+8.9%	$1.5B+7.9%	$1.4B+6.6%	$1.3B+7.0%	$1.2B+5.2%	$1.2B
R&D Expenses	$419.0M+18.0%	$355.0M+1.1%	$351.0M+14.7%	$306.0M+3.0%	$297.0M+2.8%	$289.0M-4.6%	$303.0M+8.6%	$279.0M
SG&A Expenses	$480.0M+20.0%	$400.0M+3.1%	$388.0M+16.9%	$332.0M+2.5%	$324.0M+2.9%	$315.0M-36.2%	$494.0M+54.9%	$319.0M
Operating Income	$147.0M-43.0%	$258.0M+58.3%	$163.0M+5.2%	$155.0M+32.5%	$117.0M+9.3%	$107.0M+153.2%	-$201.0M-229.5%	-$61.0M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$9.0M+80.0%	$5.0M+138.5%	-$13.0M-316.7%	$6.0M-83.8%	$37.0M+716.7%	-$6.0M-700.0%	$1.0M-85.7%	$7.0M
Net Income	$213.0M-12.7%	$244.0M-14.4%	$285.0M+47.7%	$193.0M+36.9%	$141.0M-13.0%	$162.0M+203.2%	-$157.0M-582.6%	-$23.0M
EPS (Diluted)	N/A	$0.55-15.4%	$0.65+47.7%	$0.44	N/A	$0.38+200.0%	$-0.38-533.3%	$-0.06

DASH Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$19.7B+53.0%	$12.8B+18.5%	$10.8B+10.7%	$9.8B+43.8%	$6.8B+7.2%	$6.4B
Current Assets	$8.6B+17.0%	$7.4B+32.0%	$5.6B+18.6%	$4.7B+3.4%	$4.6B-17.3%	$5.5B
Cash & Equivalents	$4.4B+8.9%	$4.0B+51.3%	$2.7B+34.3%	$2.0B-21.0%	$2.5B-42.4%	$4.3B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$1.1B+51.4%	$732.0M+37.3%	$533.0M+33.3%	$400.0M+14.6%	$349.0M+19.9%	$291.0M
Goodwill	$5.5B+138.4%	$2.3B-4.8%	$2.4B+2.6%	$2.4B+650.0%	$316.0M0.0%	$316.0M
Total Liabilities	$9.6B+90.9%	$5.0B+25.1%	$4.0B+33.3%	$3.0B+41.0%	$2.1B+29.6%	$1.7B
Current Liabilities	$6.1B+38.5%	$4.4B+30.1%	$3.4B+34.0%	$2.5B+44.5%	$1.8B+25.5%	$1.4B
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$10.0B+28.6%	$7.8B+14.6%	$6.8B+0.8%	$6.8B+44.7%	$4.7B-0.7%	$4.7B
Retained Earnings	-$4.3B+17.8%	-$5.3B-2.0%	-$5.2B-34.0%	-$3.8B-84.8%	-$2.1B-29.0%	-$1.6B

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$19.7B+9.4%	$18.0B+6.0%	$16.9B+24.9%	$13.6B+5.7%	$12.8B+4.6%	$12.3B+3.7%	$11.8B+3.4%	$11.4B
Current Assets	$8.6B-17.6%	$10.5B+7.8%	$9.7B+24.0%	$7.9B+6.3%	$7.4B+9.3%	$6.8B+2.2%	$6.6B+7.9%	$6.1B
Cash & Equivalents	$4.4B+33.5%	$3.3B-16.2%	$3.9B-13.1%	$4.5B+12.0%	$4.0B+9.7%	$3.7B+6.8%	$3.4B+9.8%	$3.1B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$1.1B+23.9%	$894.0M+6.4%	$840.0M+7.4%	$782.0M+6.8%	$732.0M+17.7%	$622.0M+6.3%	$585.0M+7.1%	$546.0M
Goodwill	$5.5B+54.6%	$3.6B+1.2%	$3.5B+46.3%	$2.4B+4.2%	$2.3B-5.9%	$2.5B+3.8%	$2.4B-0.6%	$2.4B
Total Liabilities	$9.6B+13.6%	$8.5B+5.5%	$8.0B+55.0%	$5.2B+2.8%	$5.0B+7.2%	$4.7B+0.7%	$4.7B+5.1%	$4.4B
Current Liabilities	$6.1B+19.8%	$5.1B+9.3%	$4.7B+2.6%	$4.6B+3.1%	$4.4B+8.4%	$4.1B+1.6%	$4.0B+7.6%	$3.7B
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$10.0B+5.7%	$9.5B+6.4%	$8.9B+6.4%	$8.4B+7.5%	$7.8B+3.1%	$7.6B+5.7%	$7.2B+2.3%	$7.0B
Retained Earnings	-$4.3B+4.7%	-$4.5B+5.1%	-$4.8B+5.6%	-$5.1B+3.7%	-$5.3B+2.6%	-$5.4B-1.1%	-$5.3B-3.1%	-$5.2B

DASH Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$2.4B+14.0%	$2.1B+27.4%	$1.7B+355.9%	$367.0M-47.0%	$692.0M+174.6%	$252.0M
Capital Expenditures	$257.0M+147.1%	$104.0M-15.4%	$123.0M-30.1%	$176.0M+36.4%	$129.0M+21.7%	$106.0M
Free Cash Flow	$2.2B+7.2%	$2.0B+30.8%	$1.6B+711.5%	$191.0M-66.1%	$563.0M+285.6%	$146.0M
Investing Cash Flow	-$4.4B-889.0%	-$444.0M-29.8%	-$342.0M-14.0%	-$300.0M+85.3%	-$2.0B-966.1%	-$192.0M
Financing Cash Flow	$2.4B+1256.9%	-$204.0M+72.9%	-$752.0M-100.5%	-$375.0M+22.4%	-$483.0M-112.1%	$4.0B
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$0-100.0%	$224.0M-70.1%	$750.0M+87.5%	$400.0M	$0	$0

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	$421.0M-51.7%	$871.0M+72.8%	$504.0M-20.6%	$635.0M+22.6%	$518.0M-2.4%	$531.0M+0.2%	$530.0M-4.2%	$553.0M
Capital Expenditures	$54.0M-14.3%	$63.0M-4.5%	$66.0M-10.8%	$74.0M+131.3%	$32.0M0.0%	$32.0M+39.1%	$23.0M+35.3%	$17.0M
Free Cash Flow	$367.0M-54.6%	$808.0M+84.5%	$438.0M-21.9%	$561.0M+15.4%	$486.0M-2.6%	$499.0M-1.6%	$507.0M-5.4%	$536.0M
Investing Cash Flow	-$3.1B-1701.7%	-$173.0M+81.6%	-$941.0M-488.1%	-$160.0M+1.8%	-$163.0M-162.9%	-$62.0M+57.8%	-$147.0M-104.2%	-$72.0M
Financing Cash Flow	-$19.0M-2000.0%	$1.0M-100.0%	$2.4B+79066.7%	$3.0M-57.1%	$7.0M+103.3%	-$213.0M-4160.0%	-$5.0M-171.4%	$7.0M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$0	$0	N/A	N/A	$0-100.0%	$217.0M+3000.0%	$7.0M	$0

DASH Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	50.9%+2.6pp	48.3%+1.4pp	46.9%+1.4pp	45.5%-6.7pp	52.2%-0.4pp	52.6%
Operating Margin	5.3%+5.6pp	-0.4%+6.4pp	-6.7%+10.4pp	-17.1%-7.8pp	-9.3%+5.9pp	-15.1%
Net Margin	6.8%+5.7pp	1.1%+7.6pp	-6.5%+14.3pp	-20.7%-11.2pp	-9.6%+6.4pp	-16.0%
Return on Equity	9.3%+7.7pp	1.6%+9.8pp	-8.2%+12.0pp	-20.2%-10.2pp	-10.0%-0.2pp	-9.8%
Return on Assets	4.8%+3.8pp	1.0%+6.1pp	-5.1%+8.8pp	-13.9%-7.1pp	-6.9%+0.4pp	-7.3%
Current Ratio	1.41-0.3	1.66+0.0	1.64-0.2	1.86-0.7	2.59-1.3	3.94
Debt-to-Equity	0.96+0.3	0.65+0.1	0.59+0.1	0.45-0.0	0.46+0.1	0.35
FCF Margin	15.8%-3.1pp	18.9%+1.0pp	17.9%+15.0pp	2.9%-8.6pp	11.5%+6.5pp	5.1%

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Gross Margin	51.1%+0.0pp	51.0%+0.2pp	50.8%+0.3pp	50.5%+1.1pp	49.4%+0.2pp	49.2%+1.9pp	47.3%+0.3pp	47.1%
Operating Margin	3.7%-3.8pp	7.5%+2.5pp	5.0%-0.2pp	5.1%+1.0pp	4.1%+0.1pp	4.0%+11.6pp	-7.6%-5.2pp	-2.4%
Net Margin	5.4%-1.7pp	7.1%-1.6pp	8.7%+2.3pp	6.4%+1.5pp	4.9%-1.1pp	6.0%+12.0pp	-6.0%-5.1pp	-0.9%
Return on Equity	2.1%-0.5pp	2.6%-0.6pp	3.2%+0.9pp	2.3%+0.5pp	1.8%-0.3pp	2.1%+4.3pp	-2.2%-1.9pp	-0.3%
Return on Assets	1.1%-0.3pp	1.4%-0.3pp	1.7%+0.3pp	1.4%+0.3pp	1.1%-0.2pp	1.3%+2.6pp	-1.3%-1.1pp	-0.2%
Current Ratio	1.41-0.6	2.04-0.0	2.07+0.4	1.72+0.1	1.66+0.0	1.650.0	1.640.0	1.64
Debt-to-Equity	0.96+0.1	0.890.0	0.90+0.3	0.62-0.0	0.65+0.0	0.62-0.0	0.65+0.0	0.63
FCF Margin	9.3%-14.2pp	23.4%+10.1pp	13.3%-5.2pp	18.5%+1.6pp	16.9%-1.5pp	18.4%-0.8pp	19.3%-2.0pp	21.3%

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Frequently Asked Questions

What is Doordash Inc's annual revenue?

Doordash Inc (DASH) reported $13.7B in total revenue for fiscal year 2025. This represents a 27.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Doordash Inc's revenue growing?

Doordash Inc (DASH) revenue grew by 27.9% year-over-year, from $10.7B to $13.7B in fiscal year 2025.

Is Doordash Inc profitable?

Yes, Doordash Inc (DASH) reported a net income of $935.0M in fiscal year 2025, with a net profit margin of 6.8%.

What is Doordash Inc's EBITDA?

Doordash Inc (DASH) had EBITDA of $1.5B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Doordash Inc's gross margin?

Doordash Inc (DASH) had a gross margin of 50.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Doordash Inc's operating margin?

Doordash Inc (DASH) had an operating margin of 5.3% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Doordash Inc's net profit margin?

Doordash Inc (DASH) had a net profit margin of 6.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Doordash Inc's return on equity (ROE)?

Doordash Inc (DASH) has a return on equity of 9.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Doordash Inc's free cash flow?

Doordash Inc (DASH) generated $2.2B in free cash flow during fiscal year 2025. This represents a 7.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Doordash Inc's operating cash flow?

Doordash Inc (DASH) generated $2.4B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Doordash Inc's total assets?

Doordash Inc (DASH) had $19.7B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Doordash Inc's capital expenditures?

Doordash Inc (DASH) invested $257.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Doordash Inc spend on research and development?

Doordash Inc (DASH) invested $1.4B in research and development during fiscal year 2025.

What is Doordash Inc's current ratio?

Doordash Inc (DASH) had a current ratio of 1.41 as of fiscal year 2025, which is considered adequate.

What is Doordash Inc's debt-to-equity ratio?

Doordash Inc (DASH) had a debt-to-equity ratio of 0.96 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Doordash Inc's return on assets (ROA)?

Doordash Inc (DASH) had a return on assets of 4.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Doordash Inc's Altman Z-Score?

Doordash Inc (DASH) has an Altman Z-Score of 4.74, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Doordash Inc's Piotroski F-Score?

Doordash Inc (DASH) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Doordash Inc's earnings high quality?

Doordash Inc (DASH) has an earnings quality ratio of 2.60x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Doordash Inc?

Doordash Inc (DASH) scores 53 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.