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 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.04B | - | $3.45B | $3.28B | $3.03B | - | $2.71B | $2.63B | $2.51B | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | $398.00M | - | $355.00M | $351.00M | $306.00M | - | $289.00M | $303.00M | $279.00M | - |
| SG&A | $432.00M | - | $400.00M | $388.00M | $332.00M | - | $315.00M | $494.00M | $319.00M | - |
| Total Operating Expenses | $3.88B | - | $3.19B | $3.12B | $2.88B | - | $2.60B | $2.83B | $2.57B | - |
| D&A | $269.00M | - | $169.00M | $159.00M | $152.00M | - | $138.00M | $140.00M | $142.00M | - |
| Operating Income | $151.00M | - | $258.00M | $163.00M | $155.00M | - | $107.00M | ($201.00M) | ($61.00M) | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | $8.00M | - | $5.00M | ($13.00M) | $6.00M | - | ($6.00M) | $1.00M | $7.00M | - |
| Net Income | $184.00M | - | $244.00M | $285.00M | $193.00M | - | $162.00M | ($157.00M) | ($23.00M) | - |
| EPS - Basic | $0.42 | - | $0.57 | $0.67 | $0.46 | - | $0.39 | ($0.38) | ($0.06) | - |
| EPS - Diluted | $0.42 | - | $0.55 | $0.65 | $0.44 | - | $0.38 | ($0.38) | ($0.06) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $4.58B | $4.38B | $3.28B | $3.91B | $4.50B | $4.02B | $3.66B | $3.43B | $3.12B | $2.66B |
| Accounts Receivable | $1.03B | $1.11B | $894.00M | $840.00M | $782.00M | $732.00M | $622.00M | $585.00M | $546.00M | $533.00M |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $268.00M | $397.00M | $257.00M | $345.00M | $329.00M | $321.00M | $191.00M | $163.00M | $203.00M | $216.00M |
| Current Assets | $8.59B | $8.64B | $10.49B | $9.73B | $7.85B | $7.39B | $6.76B | $6.62B | $6.13B | $5.60B |
| Total Assets | $19.71B | $19.66B | $17.97B | $16.95B | $13.57B | $12.85B | $12.28B | $11.84B | $11.45B | $10.84B |
| Current Liabilities | $6.03B | $6.15B | $5.13B | $4.70B | $4.58B | $4.44B | $4.09B | $4.03B | $3.74B | $3.41B |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $9.50B | $9.61B | $8.46B | $8.02B | $5.18B | $5.04B | $4.70B | $4.67B | $4.44B | $4.03B |
| Stockholders' Equity | $10.20B | $10.03B | $9.49B | $8.92B | $8.39B | $7.80B | $7.57B | $7.16B | $7.00B | $6.81B |
| Retained Earnings | ($4.30B) | ($4.32B) | ($4.53B) | ($4.78B) | ($5.06B) | ($5.25B) | ($5.40B) | ($5.34B) | ($5.18B) | ($5.15B) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $594.00M | - | - | - | $635.00M | - | - | - | $553.00M | - |
| Investing Cash Flow | ($98.00M) | - | - | - | ($160.00M) | - | - | - | ($72.00M) | - |
| Financing Cash Flow | ($173.00M) | - | - | - | $3.00M | - | - | - | $7.00M | - |
| CapEx | $57.00M | - | - | - | $74.00M | - | - | - | $17.00M | - |
| Free Cash Flow | $537.00M | - | - | - | $561.00M | - | - | - | $536.00M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | 3.7% | - | 7.5% | 5.0% | 5.1% | - | 4.0% | -7.6% | -2.4% | - |
| EBITDA margin | 10.4% | - | 12.4% | 9.8% | 10.1% | - | 9.1% | -2.3% | 3.2% | - |
| Net margin | 4.6% | - | 7.1% | 8.7% | 6.4% | - | 6.0% | -6.0% | -0.9% | - |
| Free cash flow margin | 13.3% | - | - | - | 18.5% | - | - | - | 21.3% | - |
| FCF / Net income | 2.92 | - | - | - | 2.91 | - | - | - | -23.30 | - |
| R&D / Revenue | 9.9% | - | 10.3% | 10.7% | 10.1% | - | 10.7% | 11.5% | 11.1% | - |
| SG&A / Revenue | 10.7% | - | 11.6% | 11.8% | 10.9% | - | 11.6% | 18.8% | 12.7% | - |
| Effective tax rate | 4.2% | - | 2.0% | -4.8% | 3.0% | - | -3.8% | - | - | - |
| Return on assets | 0.9% | - | 1.4% | 1.7% | 1.4% | - | 1.3% | -1.3% | -0.2% | - |
| Return on equity | 1.8% | - | 2.6% | 3.2% | 2.3% | - | 2.1% | -2.2% | -0.3% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 1.43 | 1.41 | 2.04 | 2.07 | 1.72 | 1.66 | 1.65 | 1.64 | 1.64 | 1.64 |
| Quick ratio | 1.43 | 1.41 | 2.04 | 2.07 | 1.72 | 1.66 | 1.65 | 1.64 | 1.64 | 1.64 |
| Cash ratio | 0.76 | 0.71 | 0.64 | 0.83 | 0.98 | 0.91 | 0.89 | 0.85 | 0.83 | 0.78 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 1.93 | 1.96 | 1.89 | 1.90 | 1.62 | 1.65 | 1.62 | 1.65 | 1.64 | 1.59 |
| Liabilities / Assets | 0.48 | 0.49 | 0.47 | 0.47 | 0.38 | 0.39 | 0.38 | 0.39 | 0.39 | 0.37 |
| Efficiency | ||||||||||
| Asset turnover | 0.20 | - | 0.19 | 0.19 | 0.22 | - | 0.22 | 0.22 | 0.22 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 94d | - | 95d | 93d | 94d | - | 84d | 81d | 79d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 357.5x | - | 494.5x | 379.2x | 415.4x | - | 375.6x | - | - | - |
| P / B | 6.5x | - | 12.7x | 12.1x | 9.5x | - | 8.1x | 6.2x | 8.0x | - |
| P / S | 16.5x | - | 34.9x | 32.9x | 26.3x | - | 22.6x | 17.0x | 22.2x | - |
| EV / EBITDA | 147.2x | - | 273.7x | 323.5x | 244.7x | - | 234.4x | - | 650.9x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 33.1% | - | 27.3% | 24.9% | 20.7% | - | 25.0% | 23.3% | 23.5% | - |
| Revenue CAGR (3y) | 25.6% | - | 26.5% | 26.9% | 27.7% | - | 45.5% | 28.6% | 90.8% | - |
| Revenue CAGR (5y) | 62.0% | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | -2.6% | - | 141.1% | - | - | - | - | 4.7% | 64.3% | - |
| Net income growth (YoY) | -4.7% | - | 50.6% | - | - | - | - | 7.6% | 85.7% | - |
| EPS growth (YoY) | -4.5% | - | 44.7% | - | - | - | - | 13.6% | 85.4% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | -4.3% | - | - | - | 4.7% | - | - | - | 49.7% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 21.6% | 28.6% | 25.4% | 24.6% | 19.9% | 14.6% | 15.4% | 12.0% | 7.4% | 0.8% |
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%
Peer comparison
Same SIC group: Services-Business Services, NEC
Comparing DoorDash against the 5 most active filers in the same SIC group.