Doordash Inc Financials
Doordash Inc (DASH) reported $13.7B in revenue for fiscal year 2025, up 27.9% from the prior fiscal year. 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).
Scale is finally dropping through to profit because DoorDash pairs high cash generation with light reinvestment needs.
For three years, free cash flow stayed above$1.5B before and after the company reached GAAP profitability. Latest net income was$935M with capex only$257M , implying the model was already cash-rich and profits improved as scale absorbed overhead rather than from lower reinvestment.
With gross margin at
The balance sheet became more acquisition-shaped: goodwill jumped to
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 37/100, 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 47/100.
Doordash Inc's current ratio of 1.41 indicates adequate short-term liquidity, earning a score of 37/100. 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 83/100.
Doordash Inc's ROE of 9.3% shows moderate profitability relative to equity, earning a score of 35/100. This is up from 1.6% the prior year.
Doordash Inc scores 6.42, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($92.2B) 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 $13.7B in revenue in fiscal year 2025. This represents an increase of 27.9% from the prior year.
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.
Doordash Inc reported $935.0M in net income in fiscal year 2025. This represents an increase of 660.2% from the prior year.
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
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.
Doordash Inc held $4.4B in cash as of fiscal year 2025; long-term debt is not reported for that period.
Not reported for fiscal year 2025.
Margins & Returns
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.
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.
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.
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
Doordash Inc invested $1.4B in research and development in fiscal year 2025. This represents an increase of 22.5% from the prior year.
Doordash Inc repurchased no shares in fiscal year 2025. This represents a decrease of 100.0% from the prior year.
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
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $15.9B | $13.7B+27.9% | $10.7B+24.2% | $8.6B+31.2% | $6.6B+34.7% | $4.9B+69.4% | $2.9B+226.1% | $885.0M+204.1% | $291.0M |
| Cost of Revenue | $7.7B | $6.7B+21.6% | $5.5B+20.8% | $4.6B+27.9% | $3.6B+53.5% | $2.3B+70.9% | $1.4B+161.6% | $523.0M+129.4% | $228.0M |
| Gross Profit | $8.2B | $7.0B+34.7% | $5.2B+28.0% | $4.0B+35.1% | $3.0B+17.5% | $2.5B+68.0% | $1.5B+319.3% | $362.0M+474.6% | $63.0M |
| R&D Expenses | $1.7B | $1.4B+22.5% | $1.2B+16.5% | $1.0B+21.0% | $829.0M+92.8% | $430.0M+34.0% | $321.0M+200.0% | $107.0M+109.8% | $51.0M |
| SG&A Expenses | $1.9B | $1.6B+10.2% | $1.5B+17.6% | $1.2B+7.7% | $1.1B+43.9% | $797.0M+43.3% | $556.0M+126.9% | $245.0M+214.1% | $78.0M |
| Operating Income | $712.0M | $723.0M+2002.6% | -$38.0M+93.4% | -$579.0M+48.5% | -$1.1B-148.7% | -$452.0M-3.7% | -$436.0M+29.2% | -$616.0M-193.3% | -$210.0M |
| Interest Expense | N/A | N/A | N/A | N/A | $2.0M-85.7% | $14.0M-56.3% | $32.0M | $0-100.0% | $1.0M |
| Income Tax | $30.0M | $7.0M-82.1% | $39.0M+25.8% | $31.0M+200.0% | -$31.0M-720.0% | $5.0M+66.7% | $3.0M+200.0% | $1.0M | $0 |
| Net Income | $841.0M | $935.0M+660.2% | $123.0M+122.0% | -$558.0M+59.1% | -$1.4B-191.7% | -$468.0M-1.5% | -$461.0M+30.9% | -$667.0M-227.0% | -$204.0M |
| EPS (Diluted) | — | $2.13+634.5% | $0.29+120.4% | -$1.42+61.4% | -$3.68-164.7% | -$1.39 | -$7.39+52.1% | -$15.44 | N/A |
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
DASH Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $19.7B+53.0% | $12.8B+18.5% | $10.8B+10.7% | $9.8B+43.8% | $6.8B+7.2% | $6.4B+266.8% | $1.7B | N/A |
| Current Assets | $8.6B+17.0% | $7.4B+32.0% | $5.6B+18.6% | $4.7B+3.4% | $4.6B-17.3% | $5.5B+452.8% | $998.0M | N/A |
| Cash & Equivalents | $4.4B+8.9% | $4.0B+51.3% | $2.7B+34.3% | $2.0B-21.0% | $2.5B-42.4% | $4.3B+1590.7% | $257.0M+19.5% | $215.0M |
| Accounts Receivable | $1.1B+51.4% | $732.0M+37.3% | $533.0M+33.3% | $400.0M+14.6% | $349.0M+19.9% | $291.0M+401.7% | $58.0M | N/A |
| Goodwill | $5.5B+138.4% | $2.3B-4.8% | $2.4B+2.6% | $2.4B+650.0% | $316.0M0.0% | $316.0M+3.3% | $306.0M | $0 |
| Total Liabilities | $9.6B+90.9% | $5.0B+25.1% | $4.0B+33.3% | $3.0B+41.0% | $2.1B+29.6% | $1.7B-41.3% | $2.8B | N/A |
| Current Liabilities | $6.1B+38.5% | $4.4B+30.1% | $3.4B+34.0% | $2.5B+44.5% | $1.8B+25.5% | $1.4B+267.0% | $382.0M | 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+534.4% | -$1.1B-148.2% | -$436.0M |
| Retained Earnings | -$4.3B+17.8% | -$5.3B-2.0% | -$5.2B-34.0% | -$3.8B-84.8% | -$2.1B-29.0% | -$1.6B-40.0% | -$1.2B | N/A |
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.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $2.8B | $2.4B+14.0% | $2.1B+27.4% | $1.7B+355.9% | $367.0M-47.0% | $692.0M+174.6% | $252.0M+154.0% | -$467.0M-193.7% | -$159.0M |
| Capital Expenditures | $235.0M | $257.0M+147.1% | $104.0M-15.4% | $123.0M-30.1% | $176.0M+36.4% | $129.0M+21.7% | $106.0M+35.9% | $78.0M+500.0% | $13.0M |
| Free Cash Flow | $2.6B | $2.2B+7.2% | $2.0B+30.8% | $1.6B+711.5% | $191.0M-66.1% | $563.0M+285.6% | $146.0M+126.8% | -$545.0M-216.9% | -$172.0M |
| Investing Cash Flow | -$3.6B | -$4.4B-889.0% | -$444.0M-29.8% | -$342.0M-14.0% | -$300.0M+85.3% | -$2.0B-966.1% | -$192.0M+66.3% | -$570.0M-59.7% | -$357.0M |
| Financing Cash Flow | -$1.1B | $2.4B+1256.9% | -$204.0M+72.9% | -$752.0M-100.5% | -$375.0M+22.4% | -$483.0M-112.1% | $4.0B+260.3% | $1.1B+66.5% | $666.0M |
| Share Buybacks | $1.0B | $0-100.0% | $224.0M-70.1% | $750.0M+87.5% | $400.0M | $0 | $0 | $0-100.0% | $60.0M |
Not reported in any period shown, so not listed: Dividends Paid.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
DASH Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 50.9%+2.6pp | 48.3%+1.4pp | 46.9%+1.4pp | 45.5%-6.7pp | 52.2%-0.4pp | 52.6%+11.7pp | 40.9%+19.2pp | 21.6% |
| Operating Margin | 5.3%+5.6pp | -0.4%+6.4pp | -6.7%+10.4pp | -17.1%-7.8pp | -9.3%+5.9pp | -15.1%+54.5pp | -69.6%+2.6pp | -72.2% |
| Net Margin | 6.8%+5.7pp | 1.1%+7.6pp | -6.5%+14.3pp | -20.7%-11.2pp | -9.6%+6.4pp | -16.0%+59.4pp | -75.4%-5.3pp | -70.1% |
| 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% | N/A | N/A |
| 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%+31.3pp | -38.5% | N/A |
| Current Ratio | 1.41-0.3x | 1.660.0x | 1.64-0.2x | 1.86-0.7x | 2.59-1.3x | 3.94+1.3x | 2.61 | N/A |
| Debt-to-Equity | 0.96+0.3x | 0.65+0.1x | 0.59+0.1x | 0.450.0x | 0.46+0.1x | 0.35 | N/A | N/A |
| FCF Margin | 15.8%-3.1pp | 18.9%+1.0pp | 17.9%+15.0pp | 2.9%-8.6pp | 11.5%+6.5pp | 5.1%+66.6pp | -61.6%-2.5pp | -59.1% |
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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 Altman Z-Score?
Doordash Inc (DASH) has an Altman Z-Score of 6.42, 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.