Overview
DoorDash, Inc.
Latest 10-K: FY2025, filed Feb 18, 2026 · Open the 10-K (Inline XBRL) ↗
- Revenue
- $13.72B
- 27.9%YoYup from FY2024
- TotalRevenue
- Gross profit
- $6.98B
- 34.7%YoYup from FY2024
- GrossProfit
- Operating income
- $0.72B
- n/mYoY
- OperatingIncome
- Net income
- $0.94B
- 660.2%YoYup from FY2024
- NetIncome
- Diluted EPS
- $2.13
- 634.5%YoYup from FY2024
- EPSDiluted
- Diluted shares
- 439.7M
- 2.2%YoYup from FY2024
- WeightedAvgSharesDiluted
At a glance
Growth
- DoorDash, Inc. reported revenue of $13.72B for fiscal 2025, up 27.9% from fiscal 2024.
- Revenue grew faster than the median S&P 500 member in 5 of the last 5 fiscal years.
Profitability
- Operating margin was 5.3% and net margin was 6.8%, against a median net margin of 12.8% across S&P 500 members for the same fiscal year.
Per share
- Diluted EPS was $2.13, up 634.5% from the prior year.
Written from the filed figures on this page by fixed rules — no AI.
Data as of Oct 31, 2026 · Sources: SEC EDGAR 10-K
Financial statements
Annual figures from the 10-K, most recent fiscal year first.
Income Statement
5 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Revenue | $13.72B27.9%up Benchmark median 6.4% | $10.72B24.2%up Benchmark median 4.5% | $8.63B31.2%up Benchmark median 4.8% | $6.58B34.7%up Benchmark median 10.3% | $4.89B69.4%up Benchmark median 13.8% | 29.4% Benchmark median 6.6% |
| Gross Profit Median of 315 / 498 | $6.98B34.7%up Benchmark median 6.8% | $5.18B28.0%up Benchmark median 5.5% | $4.05B35.1%up Benchmark median 5.2% | $3.00B17.5%up Benchmark median 8.3% | $2.55B68.0%up Benchmark median 15.7% | 28.6% Benchmark median 6.2% |
| Operating Income Median of 373 / 498 | $0.72Bn/m Benchmark median 7.3% | negative: -$0.04Bn/m Benchmark median 7.4% | negative: -$0.58Bn/m Benchmark median 4.9% | negative: -$1.12Bn/m Benchmark median 7.5% | negative: -$0.45Bn/m Benchmark median 23.5% | n/m Benchmark median 7.2% |
| Net Income | $0.94B660.2%up Benchmark median 4.8% | $0.12Bn/m Benchmark median 5.7% | negative: -$0.56Bn/m Benchmark median 1.9% | negative: -$1.36Bn/m Benchmark median 1.3% | negative: -$0.47Bn/m Benchmark median 33.9% | n/m Benchmark median 4.1% |
| EPS (Diluted) | $2.13634.5%up Benchmark median 6.2% | $0.29n/m Benchmark median 7.9% | negative: -$1.42n/m Benchmark median 1.9% | negative: -$3.68n/m Benchmark median 1.5% | negative: -$1.39‡n/m Benchmark median 34.8% | n/m Benchmark median 5.6% |
‡ Share basis changed between these years (stock split or reverse split).
Balance Sheet
5 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Total Assets | $19.66B53.0%up Benchmark median 5.6% | $12.85B18.5%up Benchmark median 3.4% | $10.84B10.7%up Benchmark median 4.1% | $9.79B43.8%up Benchmark median 2.2% | $6.81B7.2%up Benchmark median 6.7% | 30.4% Benchmark median 4.7% |
| Total Liabilities Median of 357 / 498 | $9.61B90.9%up Benchmark median 6.4% | $5.04B25.1%up Benchmark median 1.9% | $4.03B33.3%up Benchmark median 2.9% | $3.02B41.0%up Benchmark median 2.0% | $2.14B29.6%up Benchmark median 5.2% | 45.5% Benchmark median 4.4% |
| Stockholders' Equity | $10.03B28.6%up Benchmark median 6.8% | $7.80B14.6%up Benchmark median 5.4% | $6.81B0.8%up Benchmark median 7.3% | $6.75B44.7%up Benchmark median 2.5% | $4.67B0.7%down Benchmark median 9.0% | 21.1% Benchmark median 6.1% |
| Cash & Equivalents | $4.38B8.9%up Benchmark median 5.2% | $4.02B51.3%up Benchmark median 1.9% | $2.66B34.3%up Benchmark median 6.7% | $1.98B21.0%down Benchmark median -8.6% | $2.50B42.4%down Benchmark median -2.9% | 15.0% Benchmark median 2.0% |
| Total Debt | — | — | — | — | — | — Benchmark median 4.3% |
Cash Flow Statement
5 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $2.43B14.0%up Benchmark median 6.3% | $2.13B27.4%up Benchmark median 4.8% | $1.67B355.9%up Benchmark median 9.9% | $0.37B47.0%down Benchmark median -0.7% | $0.69B174.6%up Benchmark median 10.7% | 36.9% Benchmark median 7.0% |
| Capital Expenditures | $257.00M147.1%up Benchmark median 5.4% | $104.00M15.4%down Benchmark median 2.8% | $123.00M30.1%down Benchmark median 11.3% | $176.00M36.4%up Benchmark median 14.0% | $129.00M21.7%up Benchmark median 8.1% | 18.8% Benchmark median 9.0% |
| Free Cash Flow Median of 378 / 498 | $2.17B7.2%up Benchmark median 7.3% | $2.03B30.8%up Benchmark median 6.1% | $1.55B711.5%up Benchmark median 8.8% | $0.19B66.1%down Benchmark median -11.3% | $0.56B285.6%up Benchmark median 10.2% | 40.2% Benchmark median 4.9% |
n/m: not meaningful — the base (the prior year, or the first year for the CAGR) was zero or negative, or a per-share figure’s share basis changed (stock split). “—” means the figure is not available.
Benchmark median = median of the companies in the benchmark universe on Dec 31 of each fiscal year, from their own 10-K filings; a change counts only companies whose prior year was positive. Each median uses every member that reports the line item; where fewer than 80% do (banks and insurers file no gross profit), the row names how many. Published where at least 250 companies report it. Updated 2026-10-27. This compares reported figures, not share-price returns. Methodology
Ratios & valuation
FY2025Every ratio read two ways: Wall Street’s popular formula and the value investor’s stricter one. Same question, same unit. Pick a ratio.
Valuation · Earnings yield
What a dollar of market value earned
0.9%
Wall Street
on net earnings
FY2024 0.2%
2.2%
Value investor
on free cash flow
FY2024 2.8%
Gap +1.3 pts: Value-investor figure 1.3 points higher
How it’s calculated
Wall Street · on net earnings
Diluted EPS ÷ fiscal-year-end share price (1 ÷ P/E)
pe_ratio (ratio table)
P/E 106.3×Value investor · on free cash flow
(Operating cash flow − capital expenditures) ÷ market capitalisation (fiscal-year-end close × weighted-average diluted shares)
free cash flow ÷ market cap
Valuation · Book yield
Net assets behind a dollar of market value
10.1%
Wall Street
on book equity
FY2024 10.8%
2.3%
Value investor
on tangible book
FY2024 6.9%
Gap −7.8 pts: Value-investor figure 7.8 points lower
How it’s calculated
Wall Street · on book equity
Book value of equity ÷ market capitalisation (1 ÷ P/B)
pb_ratio (ratio table)
P/B 9.9×Value investor · on tangible book
Tangible book value (equity less goodwill and intangibles) ÷ market capitalisation
tangible_book_value_per_share ÷ (pb_ratio × book_value_per_share)
Quality · Return on capital
Profit earned on the money in the business
10.5%
Wall Street
ROE: net income ÷ equity
FY2024 1.7%
8.9%
Value investor
ROIC: after-tax operating profit ÷ invested capital
FY2024 0.9%
Gap −1.6 pts: Value-investor figure 1.6 points lower
How it’s calculated
Wall Street · ROE: net income ÷ equity
Net income ÷ average stockholders' equity (start and end of year), including noncontrolling interests. Buybacks shrink equity and lift it.
return_on_equity (ratio table)
Value investor · ROIC: after-tax operating profit ÷ invested capital
Operating profit after tax ÷ invested capital (total assets − cash − non-interest-bearing current liabilities), so leverage cannot flatter it
roic (ratio table)
Quality · Cash margin
Cash profit kept from each dollar of sales
10.7%
Wall Street
EBITDA margin
FY2024 4.9%
15.8%
Value investor
Free-cash-flow margin
FY2024 18.9%
Gap +5.1 pts: Value-investor figure 5.1 points higher
How it’s calculated
Wall Street · EBITDA margin
EBITDA ÷ revenue
ebitda ÷ revenue
Value investor · Free-cash-flow margin
(Operating cash flow − capital expenditures) ÷ revenue: taxes, interest, working capital and capex all paid
free cash flow ÷ revenue
Balance sheet · Liquidity
Short-term assets per dollar of bills due within a year
1.41×
Wall Street
Current ratio
FY2024 1.66×
1.41×
Value investor
Quick ratio, inventory excluded
FY2024 1.66×
Gap Same: Both views read the same
How it’s calculated
Wall Street · Current ratio
Current assets ÷ current liabilities
current_ratio (ratio table)
Value investor · Quick ratio, inventory excluded
(Current assets − inventory) ÷ current liabilities
quick_ratio (ratio table)
Each ratio measures one thing two ways, in the same unit: the popular formula, then a stricter one, so a lower figure is the stricter reading. Gap = value-investor figure minus Wall Street figure, from the figures shown.
Price-based ratios use the fiscal-year-end closing price. Free cash flow = operating cash flow − capital expenditures (we compute it; filings rarely report it). n/m = not meaningful (denominator ≤ 0); “—” = not reported. Each ratio’s formulas are under “How it’s calculated”.
Smart money
Showing the most recent 5 annual periods. Get longer history on the Pro plan, or the full history (1993–present) plus the smart-money dataset and webhooks on Institutional.
Peers, filings & research
Research Reports
No published research on DASH yet.
Reports appear here as analysts publish research on this company — built with Valuein's agentic workflows on data pinned to its SEC filing. Be the first: run equity_research_brief on DASH and publish the result to your public profile.
Cite this page
Data as of Oct 31, 2026. Canonical address: https://valuein.biz/data/DASH
Valuein. (2026, October 31). DoorDash, Inc. (DASH) financial statements, earnings power and smart-money summary [Data set]. Source: SEC EDGAR filings. https://valuein.biz/data/DASH
@misc{valuein_dash_2026,
author = {{Valuein}},
title = {DoorDash, Inc. (DASH) financial statements, earnings power and smart-money summary},
year = {2026},
howpublished = {\url{https://valuein.biz/data/DASH}},
note = {Data as of 2026-10-31; source: SEC EDGAR filings}
}10-K filed Feb 18, 2026 · accession 0001792789-26-000013
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point-in-time · survivorship-free · every number traceable to its SEC filing
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