DASH · Doordash, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $13.72B | $10.72B | $8.63B | $6.58B | $4.89B | $2.89B |
| Cost of Revenue | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - |
| R&D | $1.43B | $1.17B | $1.00B | $829.00M | $430.00M | $321.00M |
| SG&A | $1.60B | $1.45B | $1.24B | $1.15B | $797.00M | $556.00M |
| Total Operating Expenses | $12.99B | $10.76B | $9.21B | $7.71B | $5.34B | $3.32B |
| D&A | $747.00M | $561.00M | $509.00M | $369.00M | $156.00M | $120.00M |
| Operating Income | $723.00M | ($38.00M) | ($579.00M) | ($1.12B) | ($452.00M) | ($436.00M) |
| Interest Expense | - | - | - | $2.00M | $14.00M | $32.00M |
| Income Tax | $7.00M | $39.00M | $31.00M | ($31.00M) | $5.00M | $3.00M |
| Net Income | $935.00M | $123.00M | ($558.00M) | ($1.36B) | ($468.00M) | ($461.00M) |
| EPS - Basic | $2.19 | $0.30 | ($1.42) | ($3.68) | ($7.39) | - |
| EPS - Diluted | $2.13 | $0.29 | ($1.42) | ($3.68) | ($7.39) | - |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $4.38B | $4.02B | $2.66B | $1.98B | $2.50B | $215.00M |
| Accounts Receivable | $1.11B | $732.00M | $533.00M | $400.00M | $349.00M | $58.00M |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | $397.00M | $321.00M | $216.00M | $157.00M | $161.00M | $20.00M |
| Current Assets | $8.64B | $7.39B | $5.60B | $4.72B | $4.57B | $998.00M |
| Total Assets | $19.66B | $12.85B | $10.84B | $9.79B | $6.81B | $1.73B |
| Current Liabilities | $6.15B | $4.44B | $3.41B | $2.54B | $1.76B | $382.00M |
| Long-term Debt | - | - | - | - | - | - |
| Total Liabilities | $9.61B | $5.04B | $4.03B | $3.02B | $2.14B | $550.00M |
| Stockholders' Equity | $10.03B | $7.80B | $6.81B | $6.75B | $4.67B | ($436.00M) |
| Retained Earnings | ($4.32B) | ($5.25B) | ($5.15B) | ($3.85B) | ($2.08B) | ($1.15B) |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $2.43B | $2.13B | $1.67B | $367.00M | $692.00M | $252.00M |
| Investing Cash Flow | ($4.39B) | ($444.00M) | ($342.00M) | ($300.00M) | ($2.05B) | ($192.00M) |
| Financing Cash Flow | $2.36B | ($204.00M) | ($752.00M) | ($375.00M) | ($483.00M) | $4.00B |
| CapEx | $257.00M | $104.00M | $123.00M | $176.00M | $129.00M | $106.00M |
| Free Cash Flow | $2.17B | $2.03B | $1.55B | $191.00M | $563.00M | $146.00M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | - | - | - | - | - |
| Operating margin | 5.3% | -0.4% | -6.7% | -17.1% | -9.2% | -15.1% |
| EBITDA margin | 10.7% | 4.9% | -0.8% | -11.5% | -6.1% | -10.9% |
| Net margin | 6.8% | 1.1% | -6.5% | -20.7% | -9.6% | -16.0% |
| Free cash flow margin | 15.8% | 18.9% | 18.0% | 2.9% | 11.5% | 5.1% |
| FCF / Net income | 2.33 | 16.49 | -2.78 | -0.14 | -1.20 | -0.32 |
| R&D / Revenue | 10.4% | 10.9% | 11.6% | 12.6% | 8.8% | 11.1% |
| SG&A / Revenue | 11.7% | 13.5% | 14.3% | 17.4% | 16.3% | 19.3% |
| Effective tax rate | 0.7% | 24.1% | - | - | - | - |
| Return on assets | 4.8% | 1.0% | -5.1% | -13.9% | -6.9% | -26.6% |
| Return on equity | 9.3% | 1.6% | -8.2% | -20.2% | -10.0% | 105.7% |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | 1.41 | 1.66 | 1.64 | 1.86 | 2.59 | 2.61 |
| Quick ratio | 1.41 | 1.66 | 1.64 | 1.86 | 2.59 | 2.61 |
| Cash ratio | 0.71 | 0.91 | 0.78 | 0.78 | 1.42 | 0.56 |
| Leverage | ||||||
| Debt / Equity | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | - | - | - | -562.0x | -32.3x | -13.6x |
| Equity multiplier | 1.96 | 1.65 | 1.59 | 1.45 | 1.46 | -3.97 |
| Liabilities / Assets | 0.49 | 0.39 | 0.37 | 0.31 | 0.31 | 0.32 |
| Efficiency | ||||||
| Asset turnover | 0.70 | 0.83 | 0.80 | 0.67 | 0.72 | 1.67 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | 29d | 25d | 23d | 22d | 26d | 7d |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | 106.3x | 578.4x | - | - | - | - |
| P / B | 9.9x | 9.2x | 5.7x | 2.7x | 2.0x | - |
| P / S | 7.3x | 6.7x | 4.5x | 2.8x | 1.9x | - |
| EV / EBITDA | 64.8x | 130.3x | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | 27.9% | 24.2% | 31.2% | 34.7% | 69.4% | - |
| Revenue CAGR (3y) | 27.7% | 29.9% | 44.1% | - | - | - |
| Revenue CAGR (5y) | 36.6% | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - |
| Operating income growth (YoY) | - | 93.4% | 48.5% | -148.7% | -3.7% | - |
| Net income growth (YoY) | 660.2% | - | 59.1% | -191.7% | -1.5% | - |
| EPS growth (YoY) | 634.5% | - | 61.4% | 50.2% | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | 7.2% | 30.8% | 711.5% | -66.1% | 285.6% | - |
| FCF CAGR (5y) | 71.6% | - | - | - | - | - |
| Book value growth (YoY) | 28.6% | 14.6% | 0.8% | 44.7% | - | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$13.72B totalReportable Segment$13.72B · 100.0%
Geographic
$13.72B totalUS$11.46B · 83.5%
Non Us$2.26B · 16.5%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
1.15
Distress
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
4/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- -Long-term debt decreased
- ✗Current ratio improved
- ✗No share dilution
- -Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Services-Business Services, NEC
Comparing DoorDash against the 5 most active filers in the same SIC group.