DoorDash, Inc. (DASH) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 2, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 5, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the DASH SEC filings page.
DoorDash, Inc. (DASH) reported $15.9B in revenue over the twelve months to Jun 30, 2026, up 33.6% from the prior twelve months. This page shows its 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).
DoorDash’s dominant shift is from growth funded by losses to operating profitability, with cash generation still running ahead of reported earnings.
By FY2025, cash conversion outran accounting profit: operating cash flow was$2.4B against net income of$935M . The gap is partly consistent with the reported noncash depreciation charge, so earnings understate the cash produced by the business in that period.
Operating margin moved from
Assets reached
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of DoorDash, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
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 35/100, indicating healthy but not exceptional operating efficiency. This is up from -0.4% the prior year.
DoorDash, Inc.'s revenue surged 27.9% year-over-year to $13.7B, reflecting rapid business expansion. This strong growth earns a score of 87/100.
DoorDash, Inc. has a moderate D/E ratio of 0.96. This balance of debt and equity financing earns a leverage score of 48/100.
DoorDash, Inc.'s current ratio of 1.41 indicates adequate short-term liquidity, earning a score of 38/100. The company can meet its near-term obligations, though with limited headroom.
DoorDash, Inc. converts 15.8% of revenue into free cash flow ($2.2B). This strong cash generation earns a score of 82/100.
DoorDash, Inc.'s ROE of 9.3% shows moderate profitability relative to equity, earning a score of 33/100. This is up from 1.6% the prior year.
DoorDash, Inc. scores 5.59, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($78.9B) relative to total liabilities ($9.6B). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
DoorDash, Inc. passes 5 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 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.
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
Earnings & Revenue
DoorDash, Inc. generated $4.5B in revenue in Q2 2026. This represents an increase of 35.6% from the same quarter a year earlier. Against the prior quarter it is up 10.4%.
DoorDash, Inc.'s EBITDA was $451.0M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 40.1% from the same quarter a year earlier. Against the prior quarter it is up 7.4%.
DoorDash, Inc. reported $200.0M in net income in Q2 2026. This represents a decrease of 29.8% from the same quarter a year earlier. Against the prior quarter it is up 8.7%.
DoorDash, Inc. earned $0.46 per diluted share (EPS) in Q2 2026. This represents a decrease of 29.2% from the same quarter a year earlier. Against the prior quarter it is up 9.5%.
Cash & Balance Sheet
DoorDash, Inc. generated $883.0M in free cash flow in Q2 2026, representing cash available after capex. This represents an increase of 101.6% from the same quarter a year earlier. Against the prior quarter it is up 64.4%.
DoorDash, Inc. held $4.4B in cash as of Q2 2026; long-term debt is not reported for that period.
Not reported for Q2 2026.
Margins & Returns
DoorDash, Inc.'s gross margin was 52.7% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 1.9 percentage points from the same quarter a year earlier. Against the prior quarter it is up 2.1 percentage points.
DoorDash, Inc.'s operating margin was 3.5% in Q2 2026, reflecting core business profitability. This is down 1.5 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.2 percentage points.
DoorDash, Inc.'s net profit margin was 4.5% in Q2 2026, showing the share of revenue converted to profit. This is down 4.2 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.1 percentage points.
DoorDash, Inc.'s ROE was 2.0% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 1.2 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.2 percentage points.
Capital Allocation
DoorDash, Inc. invested $535.0M in research and development in Q2 2026. This represents an increase of 52.4% from the same quarter a year earlier. Against the prior quarter it is up 34.4%.
DoorDash, Inc. spent $887.0M on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. Against the prior quarter it is up 447.5%.
DoorDash, Inc. invested $61.0M in capex in Q2 2026, funding long-term assets and infrastructure. This represents a decrease of 7.6% from the same quarter a year earlier. Against the prior quarter it is up 7.0%.
DASH Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K/A | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.5B+35.6% | $4.0B+33.1% | $4.0B+37.7% | $3.4B+27.3% | $3.3B+24.9% | $3.0B+20.7% | $2.9B+24.8% | $2.7B+25.0% |
| Cost of Revenue | $2.1B+30.4% | $2.0B+32.8% | $1.9B+33.2% | $1.7B+22.8% | $1.6B+16.7% | $1.5B+12.8% | $1.5B+18.2% | $1.4B+18.9% |
| Gross Profit | $2.3B+40.7% | $2.0B+33.4% | $2.0B+42.3% | $1.8B+32.1% | $1.7B+34.0% | $1.5B+29.5% | $1.4B+32.2% | $1.3B+32.1% |
| R&D Expenses | $535.0M+52.4% | $398.0M+30.1% | $419.0M+41.1% | $355.0M+22.8% | $351.0M+15.8% | $306.0M+9.7% | $297.0M+17.4% | $289.0M+15.6% |
| SG&A Expenses | $538.0M+38.7% | $432.0M+30.1% | $480.0M+48.1% | $400.0M+27.0% | $388.0M-21.5% | $332.0M+4.1% | $324.0M+1.3% | $315.0M+9.0% |
| Operating Income | $156.0M-4.3% | $151.0M-2.6% | $147.0M+25.6% | $258.0M+141.1% | $163.0M+181.1% | $155.0M+354.1% | $117.0M+231.5% | $107.0M+199.1% |
| EBITDA | $451.0M+40.1% | $420.0M+36.8% | $414.0M+60.5% | $427.0M+74.3% | $322.0M+627.9% | $307.0M+279.0% | $258.0M+529.3% | $245.0M+1125.0% |
| Income Tax | $8.0M+161.5% | $8.0M+33.3% | $9.0M-75.7% | $5.0M+183.3% | -$13.0M-1400.0% | $6.0M-14.3% | $37.0M+117.6% | -$6.0M-200.0% |
| Net Income | $200.0M-29.8% | $184.0M-4.7% | $213.0M+51.1% | $244.0M+50.6% | $285.0M+281.5% | $193.0M+939.1% | $141.0M+191.6% | $162.0M+321.9% |
| EPS (Basic) | $0.46-31.3% | $0.42-8.7% | $0.49+44.1% | $0.57+46.2% | $0.67+276.3% | $0.46+866.7% | $0.34+187.2% | $0.39+305.3% |
| EPS (Diluted) | $0.46-29.2% | $0.42-4.5% | $0.48+45.5% | $0.55+44.7% | $0.65+271.1% | $0.44+833.3% | $0.33+184.6% | $0.38+300.0% |
| Diluted Shares (Avg) | 439M+0.2% | 442M+1.6% | N/A | 442M+3.2% | 438M+6.8% | 436M+7.4% | N/A | 428M+8.8% |
Not reported in any period shown, so not listed: Interest Expense.
DASH Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K/A | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $19.6B+15.4% | $19.7B+45.2% | $19.7B+53.0% | $18.0B+46.4% | $16.9B+43.2% | $13.6B+18.5% | $12.8B+18.5% | $12.3B+22.6% |
| Current Assets | $8.4B-13.5% | $8.6B+9.4% | $8.6B+17.0% | $10.5B+55.2% | $9.7B+47.1% | $7.9B+28.1% | $7.4B+32.0% | $6.8B+31.5% |
| Cash & Equivalents | $4.4B+13.1% | $4.6B+1.7% | $4.4B+8.9% | $3.3B-10.5% | $3.9B+14.0% | $4.5B+44.0% | $4.0B+51.3% | $3.7B+56.3% |
| Short-Term Investments | $923.0M-15.2% | $958.0M-27.3% | $1.1B-14.7% | $964.0M-25.8% | $1.1B-23.6% | $1.3B-3.6% | $1.3B-7.0% | $1.3B-12.0% |
| Accounts Receivable | $1.1B+31.0% | $1.0B+32.2% | $1.1B+51.4% | $894.0M+43.7% | $840.0M+43.6% | $782.0M+43.2% | $732.0M+37.3% | $622.0M+49.2% |
| Long-Term Investments | $869.0M+19.9% | $849.0M+0.8% | $837.0M+0.2% | $849.0M+6.8% | $725.0M+8.4% | $842.0M+30.3% | $835.0M+43.2% | $795.0M+67.7% |
| Goodwill | $5.5B+55.7% | $5.5B+128.0% | $5.5B+138.4% | $3.6B+45.1% | $3.5B+48.8% | $2.4B+1.1% | $2.3B-4.8% | $2.5B+4.9% |
| Total Liabilities | $9.6B+20.0% | $9.5B+83.5% | $9.6B+90.9% | $8.5B+80.1% | $8.0B+72.0% | $5.2B+16.6% | $5.0B+25.1% | $4.7B+36.4% |
| Current Liabilities | $6.2B+31.0% | $6.0B+31.7% | $6.1B+38.5% | $5.1B+25.4% | $4.7B+16.6% | $4.6B+22.3% | $4.4B+30.1% | $4.1B+37.1% |
| Non-Current Liabilities | $3.5B+4.5% | $3.5B+479.2% | $3.5B+480.6% | $3.3B+450.6% | $3.3B+422.1% | $600.0M-13.9% | $597.0M-3.1% | $605.0M+31.8% |
| Total Equity | $9.9B+11.2% | $10.2B+21.6% | $10.0B+28.6% | $9.5B+25.4% | $8.9B+24.6% | $8.4B+19.9% | $7.8B+14.6% | $7.6B+15.4% |
| Retained Earnings | -$5.0B-4.4% | -$4.3B+15.1% | -$4.3B+17.8% | -$4.5B+16.0% | -$4.8B+10.5% | -$5.1B+2.2% | -$5.3B-2.0% | -$5.4B-9.0% |
Not reported in any period shown, so not listed: Inventory, Long-Term Debt.
DASH Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K/A | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $944.0M+87.3% | $594.0M-6.5% | $421.0M-18.7% | $871.0M+64.0% | $504.0M-4.9% | $635.0M+14.8% | $518.0M+6.8% | $531.0M+33.4% |
| Depreciation & Amortization | $295.0M+85.5% | $269.0M+77.0% | $267.0M+89.4% | $169.0M+22.5% | $159.0M+13.6% | $152.0M+7.0% | $141.0M+8.5% | $138.0M+7.8% |
| Stock-Based Compensation | $349.0M+23.8% | $231.0M-1.7% | N/A | $258.0M-5.8% | $282.0M-6.6% | $235.0M-6.7% | N/A | $274.0M-1.4% |
| Capital Expenditures | $61.0M-7.6% | $57.0M-23.0% | $54.0M+68.8% | $63.0M+96.9% | $66.0M+187.0% | $74.0M+335.3% | $32.0M+10.3% | $32.0M+14.3% |
| Free Cash Flow | $883.0M+101.6% | $537.0M-4.3% | $367.0M-24.5% | $808.0M+61.9% | $438.0M-13.6% | $561.0M+4.7% | $486.0M+6.6% | $499.0M+34.9% |
| Investing Cash Flow | -$188.0M+80.0% | -$98.0M+38.8% | -$3.1B-1812.3% | -$173.0M-179.0% | -$941.0M-540.1% | -$160.0M-122.2% | -$163.0M-37.0% | -$62.0M+20.5% |
| Financing Cash Flow | -$896.0M-137.7% | -$173.0M-5866.7% | -$19.0M-371.4% | $1.0M+100.5% | $2.4B+47600.0% | $3.0M-57.1% | $7.0M+114.0% | -$213.0M-5225.0% |
| Share Buybacks | $887.0M | $162.0M | $0 | $0-100.0% | $0-100.0% | $0 | $0-100.0% | $217.0M+3516.7% |
Not reported in any period shown, so not listed: Dividends Paid.
DASH Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K/A | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 52.7%+1.9pp | 50.6%+0.1pp | 51.1%+1.6pp | 51.0%+1.8pp | 50.8%+3.5pp | 50.5%+3.4pp | 49.4%+2.8pp | 49.2%+2.6pp |
| Operating Margin | 3.5%-1.5pp | 3.7%-1.4pp | 3.7%-0.4pp | 7.5%+3.5pp | 5.0%+12.6pp | 5.1%+7.5pp | 4.1%+7.9pp | 4.0%+8.9pp |
| Net Margin | 4.5%-4.2pp | 4.6%-1.8pp | 5.4%+0.5pp | 7.1%+1.1pp | 8.7%+14.7pp | 6.4%+7.3pp | 4.9%+11.6pp | 6.0%+9.4pp |
| Return on Equity | 2.0%-1.2pp | 1.8%-0.5pp | 2.1%+0.3pp | 2.6%+0.4pp | 3.2%+5.4pp | 2.3%+2.6pp | 1.8%+4.1pp | 2.1%+3.3pp |
| Return on Assets | 1.0%-0.7pp | 0.9%-0.5pp | 1.1%0.0pp | 1.4%0.0pp | 1.7%+3.0pp | 1.4%+1.6pp | 1.1%+2.5pp | 1.3%+2.1pp |
| Current Ratio | 1.37-0.7x | 1.43-0.3x | 1.41-0.3x | 2.04+0.4x | 2.07+0.4x | 1.72+0.1x | 1.660.0x | 1.65-0.1x |
| Debt-to-Equity | 0.97+0.1x | 0.93+0.3x | 0.96+0.3x | 0.89+0.3x | 0.90+0.2x | 0.620.0x | 0.65+0.1x | 0.62+0.1x |
| Asset Turnover | 0.230.0x | 0.200.0x | 0.200.0x | 0.190.0x | 0.190.0x | 0.220.0x | 0.220.0x | 0.220.0x |
| FCF Margin | 19.8%+6.5pp | 13.3%-5.2pp | 9.3%-7.6pp | 23.4%+5.0pp | 13.3%-5.9pp | 18.5%-2.8pp | 16.9%-2.9pp | 18.4%+1.3pp |
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| DoorDash, Inc. DASH | FY2025 | $13.7B | $935.0M | 6.8% | $78.9B | 54/100 |
| Mercado Libre, Inc MELI | FY2025 | $28.9B | $2.0B | 6.9% | $87.6B | 75/100 |
| Sea Limited SE | FY2025 | $22.9B | $1.6B | 6.9% | $59.6B | 58/100 |
| PDD Holdings Inc. PDD | FY2025 | $61.8B | $14.0B | 22.7% | $110.9B | 65/100 |
| Coupang, Inc. CPNG | FY2025 | $34.5B | $208.0M | 0.6% | $24.9B | 51/100 |
| JD.com, Inc. JD | FY2025 | $187.2B | $3.3B | 1.8% | $35.9B | 42/100 |
Where DoorDash, Inc. Ranks
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 P/E ratio?
DoorDash, Inc. (DASH) trades at 93.9x earnings, its market capitalization divided by net income of $841.0M net income, trailing 12 months to June 30, 2026. The market capitalization is $78.9B as of Oct 2, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is DoorDash, Inc.'s price-to-sales ratio?
DoorDash, Inc. (DASH) trades at 5.0x sales, its market capitalization divided by revenue of $15.9B revenue, trailing 12 months to June 30, 2026. The market capitalization is $78.9B as of Oct 2, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is DoorDash, Inc.'s Altman Z-Score?
DoorDash, Inc. (DASH) has an Altman Z-Score of 5.59, 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 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 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 54 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.