DoorDash (DASH) Financials

$248.35 -1.90 (-0.76%)

Closing price 08/1/2025 04:00 PM Eastern

Extended Trading

$248.50 +0.15 (+0.06%)

As of 08/1/2025 07:58 PM Eastern

Annual Income Statements for DoorDash

This table shows DoorDash's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	-207	-668	-461	-468	-1,365	-558	123
Consolidated Net Income / (Loss)	-204	-667	-461	-468	-1,368	-565	117
Net Income / (Loss) Continuing Operations	-204	-667	-461	-468	-1,368	-565	117
Total Pre-Tax Income	-204	-666	-458	-463	-1,399	-534	156
Total Operating Income	-210	-616	-436	-452	-1,124	-579	-38
Total Gross Profit	63	362	1,518	2,550	2,995	4,046	5,180
Total Revenue	291	885	2,886	4,888	6,583	8,635	10,722
Operating Revenue	291	885	2,886	4,888	6,583	8,635	10,722
Total Cost of Revenue	228	523	1,368	2,338	3,588	4,589	5,542
Operating Cost of Revenue	228	523	1,368	2,338	3,588	4,589	5,542
Total Operating Expenses	273	978	1,954	3,002	4,119	4,625	5,218
Selling, General & Admin Expense	78	245	556	797	1,147	1,235	1,452
Marketing Expense	135	594	957	1,619	1,682	1,876	2,037
Research & Development Expense	51	107	321	430	829	1,003	1,168
Depreciation Expense	9.00	32	120	156	369	509	561
Restructuring Charge	-	-	0.00	0.00	92	2.00	0.00
Total Other Income / (Expense), net	6.00	-50	-22	-11	-275	45	194
Interest & Investment Income	7.00	18	7.00	-11	30	152	199
Other Income / (Expense), net	0.00	-68	3.00	0.00	-305	-107	-5.00
Income Tax Expense	0.00	1.00	3.00	5.00	-31	31	39
Net Income / (Loss) Attributable to Noncontrolling Interest	-	-	0.00	0.00	-3.00	-7.00	-6.00
Basic Earnings per Share	($4.67)	($15.44)	($7.39)	($1.39)	($3.68)	($1.42)	$0.30
Weighted Average Basic Shares Outstanding	44.31M	43.25M	62.39M	336.85M	371.41M	392.95M	411.55M
Diluted Earnings per Share	($4.67)	($15.44)	($7.39)	($1.39)	($3.68)	($1.42)	$0.29
Weighted Average Diluted Shares Outstanding	44.31M	43.25M	62.39M	336.85M	371.41M	392.95M	430.24M
Weighted Average Basic & Diluted Shares Outstanding	44.31M	43.25M	62.39M	348.41M	392.08M	404.00M	420.10M

This table shows DoorDash's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-295	-640	-161	-170	-73	-154	-23	-157	162	141	193
Consolidated Net Income / (Loss)	-296	-642	-162	-172	-75	-156	-25	-158	161	139	192
Net Income / (Loss) Continuing Operations	-296	-642	-162	-172	-75	-156	-25	-158	161	139	192
Total Pre-Tax Income	-301	-659	-145	-181	-69	-139	-18	-157	155	176	198
Total Operating Income	-308	-370	-171	-211	-108	-89	-61	-201	107	117	155
Total Gross Profit	770	804	966	998	1,008	1,074	1,183	1,245	1,332	1,420	1,532
Total Revenue	1,701	1,818	2,035	2,133	2,164	2,303	2,513	2,630	2,706	2,873	3,032
Operating Revenue	1,701	1,818	2,035	2,133	2,164	2,303	2,513	2,630	2,706	2,873	3,032
Total Cost of Revenue	931	1,014	1,069	1,135	1,156	1,229	1,330	1,385	1,374	1,453	1,500
Operating Cost of Revenue	931	1,014	1,069	1,135	1,156	1,229	1,330	1,385	1,374	1,453	1,500
Total Operating Expenses	1,078	1,174	1,137	1,209	1,116	1,163	1,244	1,446	1,225	1,303	1,377
Selling, General & Admin Expense	311	300	285	341	289	320	319	494	315	324	332
Marketing Expense	418	429	496	471	449	460	504	509	483	541	586
Research & Development Expense	226	250	231	269	250	253	279	303	289	297	306
Depreciation Expense	118	111	123	128	128	130	142	140	138	141	152
Restructuring Charge	5.00	84	2.00	0.00	0.00	-	0.00	0.00	0.00	-	1.00
Total Other Income / (Expense), net	7.00	-289	26	30	39	-50	43	44	48	59	43
Interest & Investment Income	9.00	16	27	34	40	51	45	49	54	51	49
Other Income / (Expense), net	-2.00	-305	-1.00	-4.00	-1.00	-101	-2.00	-5.00	-6.00	8.00	-6.00
Income Tax Expense	-5.00	-17	17	-9.00	6.00	17	7.00	1.00	-6.00	37	6.00
Net Income / (Loss) Attributable to Noncontrolling Interest	-1.00	-2.00	-1.00	-2.00	-2.00	-2.00	-2.00	-1.00	-1.00	-2.00	-1.00
Basic Earnings per Share	($0.77)	($1.71)	($0.41)	($0.44)	($0.19)	($0.38)	($0.06)	($0.38)	$0.39	$0.35	$0.46
Weighted Average Basic Shares Outstanding	384.76M	371.41M	390.40M	388.74M	393.22M	392.95M	405.48M	410.48M	413.11M	411.55M	421.42M
Diluted Earnings per Share	($0.77)	($1.71)	($0.41)	($0.44)	($0.19)	($0.38)	($0.06)	($0.38)	$0.38	$0.35	$0.44
Weighted Average Diluted Shares Outstanding	384.76M	371.41M	390.40M	388.74M	393.22M	392.95M	405.48M	410.48M	427.96M	430.24M	435.56M
Weighted Average Basic & Diluted Shares Outstanding	388.22M	392.08M	388.56M	393.30M	398.21M	404.00M	408.91M	411.54M	415.40M	420.10M	423.74M

This table details how cash moves in and out of DoorDash's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	150	72	4,058	-1,839	-318	584	1,449
Net Cash From Operating Activities	-159	-467	252	692	367	1,673	2,132
Net Cash From Continuing Operating Activities	-159	-467	252	692	367	1,673	2,132
Net Income / (Loss) Continuing Operations	-204	-667	-461	-468	-1,368	-565	117
Consolidated Net Income / (Loss)	-204	-667	-461	-468	-1,368	-565	117
Depreciation Expense	9.00	32	120	156	369	509	561
Non-Cash Adjustments To Reconcile Net Income	5.00	32	287	494	1,200	1,184	1,173
Changes in Operating Assets and Liabilities, net	31	136	306	510	166	545	281
Net Cash From Investing Activities	-357	-570	-192	-2,047	-300	-342	-444
Net Cash From Continuing Investing Activities	-357	-570	-192	-2,047	-300	-342	-444
Purchase of Property, Plant & Equipment	-16	-92	-159	-237	-346	-324	-330
Acquisitions	0.00	-315	-28	0.00	71	0.00	0.00
Purchase of Investments	-390	-762	-593	-2,753	-1,963	-1,963	-1,951
Sale and/or Maturity of Investments	49	600	587	944	1,939	1,947	1,844
Other Investing Activities, net	0.00	-1.00	1.00	-1.00	-1.00	-2.00	-7.00
Net Cash From Financing Activities	666	1,109	3,996	-483	-375	-752	-204
Net Cash From Continuing Financing Activities	666	1,109	3,996	-483	-375	-752	-204
Repayment of Debt	-4.00	-2.00	0.00	-333	14	-8.00	6.00
Repurchase of Common Equity	-60	-3.00	-6.00	-10	-400	-750	-224
Other Financing Activities, net	5.00	3.00	-2.00	-140	11	6.00	14
Effect of Exchange Rate Changes	-	-	-	-1.00	-10	-	-35

This table details how cash moves in and out of DoorDash's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Change in Cash & Equivalents	-404	-139	-2.00	-53	302	337	475	373	278	323	493
Net Cash From Operating Activities	199	23	397	393	398	485	553	530	531	518	635
Net Cash From Continuing Operating Activities	199	23	397	393	398	485	553	530	531	518	635
Net Income / (Loss) Continuing Operations	-296	-642	-162	-172	-75	-156	-25	-158	161	139	192
Consolidated Net Income / (Loss)	-296	-642	-162	-172	-75	-156	-25	-158	161	139	192
Depreciation Expense	118	111	123	128	128	130	142	140	138	141	152
Non-Cash Adjustments To Reconcile Net Income	354	483	230	312	273	369	251	384	270	268	240
Changes in Operating Assets and Liabilities, net	23	71	206	125	72	142	185	164	-38	-30	51
Net Cash From Investing Activities	-199	-181	-10	-135	-78	-119	-72	-147	-62	-163	-160
Net Cash From Continuing Investing Activities	-199	-181	-10	-135	-78	-119	-72	-147	-62	-163	-160
Purchase of Property, Plant & Equipment	-100	-96	-81	-82	-74	-87	-66	-79	-87	-98	-141
Acquisitions	-	-	-	-	-	-	-	-	-	-	-27
Purchase of Investments	-503	-382	-434	-512	-625	-392	-529	-440	-558	-424	-425
Sale and/or Maturity of Investments	404	298	506	459	622	360	532	371	582	359	433
Other Investing Activities, net	-	-1.00	-1.00	-	-1.00	-	-9.00	1.00	1.00	-	0.00
Net Cash From Financing Activities	-384	1.00	-390	-308	-4.00	-50	7.00	-5.00	-213	7.00	3.00
Net Cash From Continuing Financing Activities	-384	1.00	-390	-308	-4.00	-50	7.00	-5.00	-213	7.00	3.00
Repayment of Debt	14	-	0.00	-8.00	-	-	6.00	-	-	-	0.00
Other Financing Activities, net	2.00	1.00	2.00	1.00	2.00	1.00	1.00	2.00	4.00	7.00	3.00
Other Net Changes in Cash	-	-	-	-	-	-	-	-	-	-	15

This table presents DoorDash's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2019	2020	2021	2022	2023	2024
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	1,732	6,353	6,809	9,789	10,839	12,845
Total Current Assets	998	5,517	4,565	4,720	5,597	7,386
Cash & Equivalents	257	4,345	2,504	1,977	2,656	4,019
Restricted Cash	-	-	-	-	105	190
Short-Term Investments	508	514	1,253	1,544	1,422	1,322
Accounts Receivable	58	291	349	400	533	732
Prepaid Expenses	125	221	139	358	525	687
Other Current Assets	50	146	320	441	356	436
Plant, Property, & Equipment, net	0.00	0.00	0.00	0.00	0.00	0.00
Total Noncurrent Assets	734	836	2,244	5,069	5,242	5,459
Long-Term Investments	-	0.00	650	397	583	835
Goodwill	306	316	316	2,370	2,432	2,315
Intangible Assets	103	74	61	765	659	510
Other Noncurrent Operating Assets	325	446	1,217	1,537	1,568	1,799
Total Liabilities & Shareholders' Equity	1,732	6,353	6,809	9,789	10,839	12,845
Total Liabilities	550	1,653	2,142	3,021	4,026	5,035
Total Current Liabilities	382	1,402	1,760	2,544	3,410	4,438
Accounts Payable	20	80	161	157	216	321
Accrued Expenses	345	943	1,573	2,332	3,126	4,049
Other Current Liabilities	17	15	26	55	68	68
Total Noncurrent Liabilities	168	251	382	477	616	597
Other Noncurrent Operating Liabilities	168	251	382	477	616	597
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	2,264	-	0.00	14	7.00	7.00
Total Equity & Noncontrolling Interests	-1,082	4,700	4,667	6,754	6,806	7,803
Total Preferred & Common Equity	-1,082	4,700	4,667	6,754	6,806	7,803
Total Common Equity	-1,082	4,700	4,667	6,754	6,806	7,803
Common Stock	70	6,313	6,752	10,633	11,887	13,165
Retained Earnings	-1,152	-1,613	-2,081	-3,846	-5,154	-5,255
Accumulated Other Comprehensive Income / (Loss)	-	-	-4.00	-33	73	-107

This table presents DoorDash's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Total Assets	9,552	9,789	9,646	9,601	10,013	10,839	11,450	11,837	12,277	12,845	13,572
Total Current Assets	4,690	4,720	4,587	4,605	5,142	5,597	6,130	6,617	6,760	7,386	7,853
Cash & Equivalents	2,320	1,977	1,833	1,904	2,344	2,656	3,124	3,430	3,664	4,019	4,500
Restricted Cash	-	-	-	-	-	105	-	-	-	190	202
Short-Term Investments	1,492	1,544	1,573	1,552	1,477	1,422	1,366	1,424	1,300	1,322	1,317
Accounts Receivable	325	400	382	383	417	533	546	585	622	732	782
Prepaid Expenses	302	358	509	469	519	525	700	782	839	687	730
Other Current Assets	251	441	290	297	385	356	394	396	335	436	322
Plant, Property, & Equipment, net	0.00	0.00	656	0.00	0.00	0.00	705	0.00	0.00	0.00	846
Total Noncurrent Assets	4,862	5,069	4,403	4,996	4,871	5,242	4,615	5,220	5,517	5,459	4,873
Long-Term Investments	365	397	314	381	474	583	646	669	795	835	842
Goodwill	2,198	2,370	2,403	2,396	2,345	2,432	2,386	2,371	2,460	2,315	2,412
Intangible Assets	735	765	743	708	663	659	621	586	577	510	504
Other Noncurrent Operating Assets	1,564	1,537	943	1,511	1,389	1,568	962	1,594	1,685	1,799	1,115
Total Liabilities & Shareholders' Equity	9,552	9,789	9,646	9,601	10,013	10,839	11,450	11,837	12,277	12,845	13,572
Total Liabilities	2,711	3,021	3,115	3,194	3,445	4,026	4,440	4,665	4,699	5,035	5,177
Total Current Liabilities	2,216	2,544	2,651	2,726	2,986	3,410	3,743	4,028	4,094	4,438	4,577
Accounts Payable	238	157	208	173	149	216	203	163	191	321	329
Accrued Expenses	1,933	2,332	2,388	2,495	2,774	3,126	3,476	3,801	3,837	4,049	4,178
Other Current Liabilities	45	55	55	58	63	68	64	64	66	68	70
Total Noncurrent Liabilities	495	477	464	468	459	616	697	637	605	597	600
Other Noncurrent Operating Liabilities	495	477	464	468	459	616	697	637	605	597	600
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	16	14	13	11	9.00	7.00	11	10	9.00	7.00	6.00
Total Equity & Noncontrolling Interests	6,825	6,754	6,518	6,396	6,559	6,806	6,999	7,162	7,569	7,803	8,389
Total Preferred & Common Equity	6,825	6,754	6,518	6,396	6,559	6,806	6,999	7,162	7,569	7,803	8,389
Total Common Equity	6,825	6,754	6,518	6,396	6,559	6,806	6,999	7,162	7,569	7,803	8,389
Common Stock	10,323	10,633	10,900	11,257	11,576	11,887	12,177	12,523	12,843	13,165	13,444
Retained Earnings	-3,206	-3,846	-4,400	-4,870	-4,949	-5,154	-5,177	-5,336	-5,396	-5,255	-5,062
Accumulated Other Comprehensive Income / (Loss)	-292	-33	18	9.00	-68	73	-1.00	-25	122	-107	7.00

This table displays calculated financial ratios and metrics derived from DoorDash's official financial filings.

Metric	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-
Revenue Growth	0.00%	204.12%	226.10%	69.37%	34.68%	31.17%	24.17%
EBITDA Growth	0.00%	-224.38%	51.99%	5.43%	-258.11%	83.30%	392.66%
EBIT Growth	0.00%	-225.71%	36.70%	-4.39%	-216.15%	51.99%	93.73%
NOPAT Growth	0.00%	-193.33%	29.22%	-3.67%	-148.67%	48.49%	92.97%
Net Income Growth	0.00%	-226.96%	30.88%	-1.52%	-192.31%	58.70%	120.71%
EPS Growth	0.00%	-230.62%	52.14%	81.19%	-164.75%	61.41%	120.42%
Operating Cash Flow Growth	0.00%	-193.71%	153.96%	174.60%	-46.97%	355.86%	27.44%
Free Cash Flow Firm Growth	0.00%	0.00%	89.01%	-298.50%	-809.21%	111.78%	44.46%
Invested Capital Growth	0.00%	0.00%	-50.84%	26.83%	996.15%	-28.18%	-29.46%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	7.24%	8.54%	5.95%	5.61%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	36.07%	-76.67%	74.01%	169.79%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	24.79%	-57.55%	41.42%	87.99%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	25.04%	-23.79%	32.67%	83.31%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	25.12%	-55.28%	46.24%	165.73%
EPS Q/Q Growth	0.00%	0.00%	0.00%	68.76%	-52.07%	48.36%	165.91%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	0.00%	49.78%	-28.18%	38.15%	1.57%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	-0.87%	288.48%	102.86%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	641.67%	6.98%	-9.94%	-20.62%
Profitability Metrics	-	-	-	-	-	-	-
Gross Margin	21.65%	40.90%	52.60%	52.17%	45.50%	46.86%	48.31%
EBITDA Margin	-69.07%	-73.67%	-10.85%	-6.06%	-16.10%	-2.05%	4.83%
Operating Margin	-72.16%	-69.60%	-15.11%	-9.25%	-17.07%	-6.71%	-0.35%
EBIT Margin	-72.16%	-77.29%	-15.00%	-9.25%	-21.71%	-7.94%	-0.40%
Profit (Net Income) Margin	-70.10%	-75.37%	-15.97%	-9.57%	-20.78%	-6.54%	1.09%
Tax Burden Percent	100.00%	100.15%	100.66%	101.08%	97.78%	105.81%	75.00%
Interest Burden Percent	97.14%	97.37%	105.77%	102.43%	97.90%	77.84%	-362.79%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	25.00%
Return on Invested Capital (ROIC)	0.00%	-206.81%	-98.14%	-136.09%	-50.60%	-16.55%	-1.63%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	-145.16%	-92.21%	-132.68%	-36.64%	-12.88%	-4.25%
Return on Net Nonoperating Assets (RNNOA)	0.00%	93.95%	82.46%	126.09%	26.67%	8.23%	3.23%
Return on Equity (ROE)	0.00%	-112.86%	-15.67%	-9.99%	-23.93%	-8.32%	1.60%
Cash Return on Invested Capital (CROIC)	0.00%	-406.81%	-29.97%	-159.74%	-217.16%	16.24%	32.91%
Operating Return on Assets (OROA)	0.00%	-39.49%	-10.71%	-6.87%	-17.22%	-6.65%	-0.36%
Return on Assets (ROA)	0.00%	-38.51%	-11.40%	-7.11%	-16.48%	-5.48%	0.99%
Return on Common Equity (ROCE)	0.00%	103.31%	-9.64%	-9.99%	-23.90%	-8.31%	1.60%
Return on Equity Simple (ROE_SIMPLE)	0.00%	61.65%	-9.81%	-10.03%	-20.25%	-8.30%	1.50%
Net Operating Profit after Tax (NOPAT)	-147	-431	-305	-316	-787	-405	-29
NOPAT Margin	-50.52%	-48.72%	-10.58%	-6.47%	-11.95%	-4.69%	-0.27%
Net Nonoperating Expense Percent (NNEP)	0.00%	-61.65%	-5.92%	-3.41%	-13.96%	-3.68%	2.61%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-11.65%	-5.96%	-0.37%
Cost of Revenue to Revenue	78.35%	59.10%	47.40%	47.83%	54.50%	53.14%	51.69%
SG&A Expenses to Revenue	26.80%	27.68%	19.27%	16.31%	17.42%	14.30%	13.54%
R&D to Revenue	17.53%	12.09%	11.12%	8.80%	12.59%	11.62%	10.89%
Operating Expenses to Revenue	93.81%	110.51%	67.71%	61.42%	62.57%	53.56%	48.67%
Earnings before Interest and Taxes (EBIT)	-210	-684	-433	-452	-1,429	-686	-43
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-201	-652	-313	-296	-1,060	-177	518
Valuation Ratios	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	1.00	10.95	2.81	5.79	8.93
Price to Tangible Book Value (P/TBV)	0.00	0.00	1.09	11.91	5.24	10.60	14.00
Price to Revenue (P/Rev)	11.57	3.80	1.63	10.45	2.88	4.56	6.50
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	566.53
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.18%
Enterprise Value to Invested Capital (EV/IC)	0.00	11.67	1.05	179.52	5.28	16.91	43.85
Enterprise Value to Revenue (EV/Rev)	0.00	5.50	0.07	9.55	2.29	4.01	5.91
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	122.25
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.86	67.45	41.00	20.69	29.70
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	87.05	110.22
Leverage & Solvency	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.08	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	0.00	-0.65	-0.89	-0.95	-0.73	-0.64	-0.76
Leverage Ratio	0.00	1.47	1.37	1.41	1.45	1.52	1.62
Compound Leverage Factor	0.00	1.43	1.45	1.44	1.42	1.18	-5.88
Debt to Total Capital	0.00%	0.00%	7.19%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	7.19%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	191.54%	0.00%	0.00%	0.21%	0.10%	0.09%
Common Equity to Total Capital	0.00%	-91.54%	92.81%	100.00%	99.79%	99.90%	99.91%
Debt to EBITDA	0.00	0.00	-1.16	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	14.36	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	-1.19	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	14.73	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	0.00	2.38	2.36	14.87	3.67	6.03	8.83
Noncontrolling Interest Sharing Ratio	0.00%	191.54%	38.49%	0.00%	0.12%	0.15%	0.10%
Liquidity Ratios	-	-	-	-	-	-	-
Current Ratio	0.00	2.61	3.94	2.59	1.86	1.64	1.66
Quick Ratio	0.00	2.15	3.67	2.33	1.54	1.35	1.37
Cash Flow Metrics	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-848	-93	-371	-3,377	398	575
Operating Cash Flow to CapEx	-993.75%	-507.61%	158.49%	291.98%	106.07%	516.36%	646.06%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	-2.91	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	-159.00	0.00	7.88	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	-175.00	0.00	2.91	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-
Asset Turnover	0.00	0.51	0.71	0.74	0.79	0.84	0.91
Accounts Receivable Turnover	0.00	15.26	16.54	15.28	17.58	18.51	16.95
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Accounts Payable Turnover	0.00	26.15	27.36	19.40	22.57	24.61	20.64
Days Sales Outstanding (DSO)	0.00	23.92	22.07	23.90	20.76	19.72	21.53
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	13.96	13.34	18.81	16.17	14.83	17.68
Cash Conversion Cycle (CCC)	0.00	9.96	8.73	5.08	4.59	4.89	3.85
Capital & Investment Metrics	-	-	-	-	-	-	-
Invested Capital	0.00	417	205	260	2,850	2,047	1,444
Invested Capital Turnover	0.00	4.24	9.28	21.02	4.23	3.53	6.14
Increase / (Decrease) in Invested Capital	0.00	417	-212	55	2,590	-803	-603
Enterprise Value (EV)	0.00	4,865	216	46,674	15,049	34,620	63,324
Market Capitalization	3,366	3,366	4,711	51,081	18,953	39,379	69,683
Book Value per Share	$0.00	($25.02)	$75.33	$13.60	$17.40	$17.09	$18.78
Tangible Book Value per Share	$0.00	($34.47)	$69.08	$12.51	$9.32	$9.33	$11.98
Total Capital	0.00	1,182	5,064	4,667	6,768	6,813	7,810
Total Debt	0.00	0.00	364	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	0.00	-765	-4,495	-4,407	-3,918	-4,766	-6,366
Capital Expenditures (CapEx)	16	92	159	237	346	324	330
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	-149	-380	-952	-1,345	-1,996	-2,583
Debt-free Net Working Capital (DFNWC)	0.00	616	4,479	2,805	2,176	2,187	2,948
Net Working Capital (NWC)	0.00	616	4,115	2,805	2,176	2,187	2,948
Net Nonoperating Expense (NNE)	57	236	156	152	581	160	-146
Net Nonoperating Obligations (NNO)	0.00	-765	-4,495	-4,407	-3,918	-4,766	-6,366
Total Depreciation and Amortization (D&A)	9.00	32	120	156	369	509	561
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	-16.84%	-13.17%	-19.48%	-20.43%	-23.12%	-24.09%
Debt-free Net Working Capital to Revenue	0.00%	69.60%	155.20%	57.39%	33.05%	25.33%	27.49%
Net Working Capital to Revenue	0.00%	69.60%	142.58%	57.39%	33.05%	25.33%	27.49%
Earnings Adjustments	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	($7.39)	($1.39)	($3.68)	($1.42)	$0.30
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	321.46M	336.85M	371.41M	392.95M	411.55M
Adjusted Diluted Earnings per Share	$0.00	$0.00	($7.39)	($1.39)	($3.68)	($1.42)	$0.29
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	321.46M	336.85M	371.41M	392.95M	430.24M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	($7.39)	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	62.39M	348.41M	392.08M	404.00M	420.10M
Normalized Net Operating Profit after Tax (NOPAT)	-147	-431	-305	-316	-722	-404	-29
Normalized NOPAT Margin	-50.52%	-48.72%	-10.58%	-6.47%	-10.97%	-4.68%	-0.27%
Pre Tax Income Margin	-70.10%	-75.25%	-15.87%	-9.47%	-21.25%	-6.18%	1.46%
Debt Service Ratios	-	-	-	-	-	-	-
EBIT to Interest Expense	-210.00	0.00	-13.53	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	-147.00	0.00	-9.54	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	-226.00	0.00	-18.50	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	-163.00	0.00	-14.51	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	-29.41%	-0.45%	-1.30%	-2.14%	-29.24%	-132.74%	191.45%

This table displays calculated financial ratios and metrics derived from DoorDash's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	33.41%	39.85%	39.77%	32.65%	27.22%	26.68%	23.49%	23.30%	25.05%	24.75%	20.65%
EBITDA Growth	-220.00%	-442.31%	55.05%	55.38%	109.90%	89.36%	261.22%	24.14%	1,157.89%	543.33%	281.01%
EBIT Growth	-206.93%	-341.18%	-2.38%	22.10%	64.84%	71.85%	63.37%	4.19%	192.66%	165.79%	336.51%
NOPAT Growth	-208.00%	-140.26%	1.16%	22.71%	64.94%	75.95%	64.33%	4.74%	247.01%	248.32%	452.00%
Net Income Growth	-193.07%	-314.19%	2.99%	34.60%	74.66%	75.70%	84.57%	8.14%	314.67%	189.10%	868.00%
EPS Growth	-156.67%	-280.00%	14.58%	38.89%	75.32%	77.78%	85.37%	13.64%	300.00%	192.11%	833.33%
Operating Cash Flow Growth	85.98%	-86.23%	2,085.00%	138.18%	100.00%	2,008.70%	39.29%	34.86%	33.42%	6.80%	14.83%
Free Cash Flow Firm Growth	-13,207.27%	-1,650.00%	-455.66%	106.28%	110.77%	126.00%	135.52%	293.49%	79.18%	-6.12%	-45.17%
Invested Capital Growth	5,650.00%	996.15%	580.63%	-11.87%	-14.68%	-28.18%	-33.33%	-35.84%	-19.97%	-29.46%	-18.14%
Revenue Q/Q Growth	5.78%	6.88%	11.94%	4.82%	1.45%	6.42%	9.12%	4.66%	2.89%	6.17%	5.53%
EBITDA Q/Q Growth	1.54%	-193.75%	91.31%	-77.55%	121.84%	-415.79%	231.67%	-183.54%	462.12%	11.30%	13.16%
EBIT Q/Q Growth	-12.32%	-117.74%	74.52%	-25.00%	49.30%	-74.31%	66.84%	-226.98%	149.03%	23.76%	19.20%
NOPAT Q/Q Growth	-12.82%	-20.13%	53.78%	-23.39%	48.82%	17.59%	31.46%	-229.51%	178.99%	-16.86%	62.66%
Net Income Q/Q Growth	-12.55%	-116.89%	74.77%	-6.17%	56.40%	-108.00%	83.97%	-532.00%	201.90%	-13.66%	38.13%
EPS Q/Q Growth	-6.94%	-122.08%	76.02%	-7.32%	56.82%	-100.00%	84.21%	-533.33%	200.00%	-7.89%	25.71%
Operating Cash Flow Q/Q Growth	20.61%	-88.44%	1,626.09%	-1.01%	1.27%	21.86%	14.02%	-4.16%	0.19%	-2.45%	22.59%
Free Cash Flow Firm Q/Q Growth	7.24%	2.68%	11.63%	107.88%	59.05%	134.84%	40.68%	-12.75%	-27.57%	23.05%	-29.49%
Invested Capital Q/Q Growth	-8.64%	6.98%	-1.37%	-8.57%	-11.56%	-9.94%	-12.92%	-12.01%	10.31%	-20.62%	6.23%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	45.27%	44.22%	47.47%	46.79%	46.58%	46.63%	47.08%	47.34%	49.22%	49.43%	50.53%
EBITDA Margin	-11.29%	-31.02%	-2.41%	-4.08%	0.88%	-2.61%	3.14%	-2.51%	8.83%	9.26%	9.93%
Operating Margin	-18.11%	-20.35%	-8.40%	-9.89%	-4.99%	-3.86%	-2.43%	-7.64%	3.95%	4.07%	5.11%
EBIT Margin	-18.22%	-37.13%	-8.45%	-10.08%	-5.04%	-8.25%	-2.51%	-7.83%	3.73%	4.35%	4.91%
Profit (Net Income) Margin	-17.40%	-35.31%	-7.96%	-8.06%	-3.47%	-6.77%	-0.99%	-6.01%	5.95%	4.84%	6.33%
Tax Burden Percent	98.34%	97.42%	111.72%	95.03%	108.70%	112.23%	138.89%	100.64%	103.87%	78.98%	96.97%
Interest Burden Percent	97.10%	97.63%	84.30%	84.19%	63.30%	73.16%	28.57%	76.21%	153.47%	140.80%	132.89%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-3.87%	21.02%	3.03%
Return on Invested Capital (ROIC)	-58.77%	-60.31%	-26.13%	-19.41%	-11.53%	-9.54%	-6.61%	-24.37%	20.38%	19.76%	32.70%
ROIC Less NNEP Spread (ROIC-NNEP)	-56.96%	-51.11%	-25.07%	-18.82%	-11.55%	-7.38%	-7.01%	-24.00%	19.39%	18.92%	32.01%
Return on Net Nonoperating Assets (RNNOA)	44.01%	37.21%	17.84%	11.35%	7.30%	4.72%	4.58%	16.54%	-13.78%	-14.40%	-24.93%
Return on Equity (ROE)	-14.76%	-23.10%	-8.29%	-8.06%	-4.24%	-4.82%	-2.03%	-7.83%	6.60%	5.35%	7.78%
Cash Return on Invested Capital (CROIC)	-125.66%	-217.16%	-197.48%	-14.44%	-8.55%	16.24%	25.99%	28.43%	13.84%	32.91%	29.33%
Operating Return on Assets (OROA)	-13.89%	-29.45%	-7.35%	-7.94%	-4.20%	-6.91%	-2.17%	-7.02%	3.40%	3.94%	4.42%
Return on Assets (ROA)	-13.27%	-28.01%	-6.92%	-6.35%	-2.89%	-5.67%	-0.86%	-5.39%	5.42%	4.38%	5.69%
Return on Common Equity (ROCE)	-14.74%	-23.07%	-8.28%	-8.05%	-4.23%	-4.81%	-2.02%	-7.81%	6.59%	5.35%	7.77%
Return on Equity Simple (ROE_SIMPLE)	-12.91%	0.00%	-20.91%	-19.89%	-16.02%	0.00%	-6.12%	-5.78%	-2.35%	0.00%	3.98%
Net Operating Profit after Tax (NOPAT)	-216	-259	-120	-148	-76	-62	-43	-141	111	92	150
NOPAT Margin	-12.67%	-14.25%	-5.88%	-6.92%	-3.49%	-2.71%	-1.70%	-5.35%	4.11%	3.22%	4.96%
Net Nonoperating Expense Percent (NNEP)	-1.81%	-9.20%	-1.06%	-0.58%	0.01%	-2.16%	0.40%	-0.37%	0.99%	0.84%	0.70%
Return On Investment Capital (ROIC_SIMPLE)	-	-3.83%	-	-	-	-0.92%	-	-	-	1.18%	1.79%
Cost of Revenue to Revenue	54.73%	55.78%	52.53%	53.21%	53.42%	53.37%	52.92%	52.66%	50.78%	50.57%	49.47%
SG&A Expenses to Revenue	18.28%	16.50%	14.00%	15.99%	13.35%	13.89%	12.69%	18.78%	11.64%	11.28%	10.95%
R&D to Revenue	13.29%	13.75%	11.35%	12.61%	11.55%	10.99%	11.10%	11.52%	10.68%	10.34%	10.09%
Operating Expenses to Revenue	63.37%	64.58%	55.87%	56.68%	51.57%	50.50%	49.50%	54.98%	45.27%	45.35%	45.42%
Earnings before Interest and Taxes (EBIT)	-310	-675	-172	-215	-109	-190	-63	-206	101	125	149
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-192	-564	-49	-87	19	-60	79	-66	239	266	301
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.80	2.81	3.82	4.64	4.77	5.79	7.84	6.21	7.76	8.93	9.15
Price to Tangible Book Value (P/TBV)	4.91	5.24	7.39	9.02	8.80	10.60	13.74	10.58	12.96	14.00	14.03
Price to Revenue (P/Rev)	3.15	2.88	3.48	3.86	3.84	4.56	6.02	4.63	5.79	6.50	6.83
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	566.53	226.49
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.18%	0.44%
Enterprise Value to Invested Capital (EV/IC)	5.60	5.28	7.55	10.07	11.87	16.91	26.53	23.63	29.13	43.85	45.58
Enterprise Value to Revenue (EV/Rev)	2.46	2.29	2.96	3.37	3.31	4.01	5.46	4.06	5.22	5.91	6.22
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	275.99	122.25	94.49
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	413.76
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	437.54
Enterprise Value to Operating Cash Flow (EV/OCF)	29.22	41.00	27.06	25.56	22.27	20.69	27.18	19.82	25.25	29.70	31.58
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	87.05	81.68	64.98	187.11	110.22	139.90
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.77	-0.73	-0.71	-0.60	-0.63	-0.64	-0.65	-0.69	-0.71	-0.76	-0.78
Leverage Ratio	1.38	1.45	1.47	1.41	1.46	1.52	1.56	1.58	1.58	1.62	1.62
Compound Leverage Factor	1.34	1.42	1.24	1.19	0.92	1.11	0.45	1.20	2.42	2.28	2.16
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.23%	0.21%	0.20%	0.17%	0.14%	0.10%	0.16%	0.14%	0.12%	0.09%	0.07%
Common Equity to Total Capital	99.77%	99.79%	99.80%	99.83%	99.86%	99.90%	99.84%	99.86%	99.88%	99.91%	99.93%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	4.59	3.93	5.09	5.83	5.79	6.18	7.81	6.11	8.00	8.87	9.53
Noncontrolling Interest Sharing Ratio	0.14%	0.12%	0.12%	0.08%	0.19%	0.15%	0.18%	0.15%	0.13%	0.10%	0.11%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.12	1.86	1.73	1.69	1.72	1.64	1.64	1.64	1.65	1.66	1.72
Quick Ratio	1.87	1.54	1.43	1.41	1.42	1.35	1.35	1.35	1.36	1.37	1.44
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-2,928	-2,849	-2,518	198	315	741	894	780	565	695	490
Operating Cash Flow to CapEx	199.00%	23.96%	490.12%	479.27%	537.84%	557.47%	837.88%	670.89%	610.34%	528.57%	450.35%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.76	0.79	0.87	0.79	0.83	0.84	0.86	0.90	0.91	0.91	0.90
Accounts Receivable Turnover	19.85	17.58	20.38	21.09	21.97	18.51	19.64	19.86	19.54	16.95	16.93
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	0.00	12.89	0.00	0.00	0.00	13.39	0.00	0.00	0.00	14.50
Accounts Payable Turnover	19.81	22.57	18.95	21.84	22.60	24.61	23.60	30.36	31.28	20.64	21.47
Days Sales Outstanding (DSO)	18.39	20.76	17.91	17.31	16.62	19.72	18.58	18.38	18.68	21.53	21.56
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	18.43	16.17	19.26	16.71	16.15	14.83	15.47	12.02	11.67	17.68	17.00
Cash Conversion Cycle (CCC)	-0.04	4.59	-1.35	0.59	0.47	4.89	3.12	6.36	7.01	3.85	4.56
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,664	2,850	2,811	2,570	2,273	2,047	1,874	1,649	1,819	1,444	1,534
Invested Capital Turnover	4.64	4.23	4.44	2.80	3.30	3.53	3.89	4.56	4.96	6.14	6.60
Increase / (Decrease) in Invested Capital	2,712	2,590	2,398	-346	-391	-803	-937	-921	-454	-603	-340
Enterprise Value (EV)	14,931	15,049	21,213	25,868	26,969	34,620	49,716	38,969	52,989	63,324	69,926
Market Capitalization	19,092	18,953	24,920	29,694	31,255	39,379	54,841	44,482	58,739	69,683	76,781
Book Value per Share	$17.68	$17.40	$16.62	$16.46	$16.68	$17.09	$17.26	$17.51	$18.39	$18.78	$19.97
Tangible Book Value per Share	$10.08	$9.32	$8.60	$8.47	$9.03	$9.33	$9.85	$10.28	$11.01	$11.98	$13.03
Total Capital	6,841	6,768	6,531	6,407	6,568	6,813	7,010	7,172	7,578	7,810	8,395
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-4,177	-3,918	-3,720	-3,837	-4,295	-4,766	-5,136	-5,523	-5,759	-6,366	-6,861
Capital Expenditures (CapEx)	100	96	81	82	74	87	66	79	87	98	141
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-1,338	-1,345	-1,470	-1,577	-1,665	-1,996	-2,103	-2,265	-2,298	-2,583	-2,743
Debt-free Net Working Capital (DFNWC)	2,474	2,176	1,936	1,879	2,156	2,187	2,387	2,589	2,666	2,948	3,276
Net Working Capital (NWC)	2,474	2,176	1,936	1,879	2,156	2,187	2,387	2,589	2,666	2,948	3,276
Net Nonoperating Expense (NNE)	80	383	42	24	-0.60	94	-18	17	-50	-47	-42
Net Nonoperating Obligations (NNO)	-4,177	-3,918	-3,720	-3,837	-4,295	-4,766	-5,136	-5,523	-5,759	-6,366	-6,861
Total Depreciation and Amortization (D&A)	118	111	123	128	128	130	142	140	138	141	152
Debt-free, Cash-free Net Working Capital to Revenue	-22.06%	-20.43%	-20.53%	-20.52%	-20.43%	-23.12%	-23.08%	-23.57%	-22.64%	-24.09%	-24.40%
Debt-free Net Working Capital to Revenue	40.79%	33.05%	27.03%	24.44%	26.45%	25.33%	26.19%	26.94%	26.26%	27.49%	29.14%
Net Working Capital to Revenue	40.79%	33.05%	27.03%	24.44%	26.45%	25.33%	26.19%	26.94%	26.26%	27.49%	29.14%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.77)	($1.71)	($0.41)	($0.44)	($0.19)	($0.38)	($0.06)	($0.38)	$0.39	$0.35	$0.46
Adjusted Weighted Average Basic Shares Outstanding	384.76M	371.41M	390.40M	388.74M	393.22M	392.95M	405.48M	410.48M	413.11M	411.55M	421.42M
Adjusted Diluted Earnings per Share	($0.77)	($1.71)	($0.41)	($0.44)	($0.19)	($0.38)	($0.06)	($0.38)	$0.38	$0.35	$0.44
Adjusted Weighted Average Diluted Shares Outstanding	384.76M	371.41M	390.40M	388.74M	393.22M	392.95M	405.48M	410.48M	427.96M	430.24M	435.56M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	388.22M	392.08M	388.56M	393.30M	398.21M	404.00M	408.91M	411.54M	415.40M	420.10M	423.74M
Normalized Net Operating Profit after Tax (NOPAT)	-212	-200	-118	-148	-76	-62	-43	-141	75	92	151
Normalized NOPAT Margin	-12.47%	-11.01%	-5.81%	-6.92%	-3.49%	-2.71%	-1.70%	-5.35%	2.77%	3.22%	4.99%
Pre Tax Income Margin	-17.70%	-36.25%	-7.13%	-8.49%	-3.19%	-6.04%	-0.72%	-5.97%	5.73%	6.13%	6.53%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	-45.40%	-29.24%	-58.11%	-85.93%	-66.51%	-132.74%	-83.64%	-15.46%	-154.49%	191.45%	0.00%

Key Financial Trends

DoorDash (NASDAQ: DASH) financial performance overview for the last four years through Q1 2025:

Over the recent quarters and years, DoorDash has shown a clear trend of growing revenues and improving profitability, alongside strategic investments and controlled expenses. Below are the key points derived from the financial statements:

Operating revenue increased from $1.7 billion in Q3 2022 to over $3.0 billion in Q1 2025, demonstrating strong top-line growth.
The company achieved positive net income in recent quarters, with Q1 2025 net income at $193 million attributable to common shareholders, a notable improvement from losses in prior years.
Gross profit has increased substantially, reaching approximately $1.53 billion in Q1 2025, reflecting better operational efficiency.
Net cash from operating activities improved to $635 million in Q1 2025, indicating solid cash flow generation from core operations.
Cash and cash equivalents increased to $4.5 billion in Q1 2025, providing strong liquidity support for ongoing investments and operations.
Total liabilities have grown but remain moderate relative to equity, with a total liability around $5.18 billion versus total equity of approximately $8.39 billion in Q1 2025, signaling a reasonable financial leverage position.
Investments in property, plant, and equipment as well as acquisitions continue, reflecting ongoing investment in infrastructure and growth initiatives.
Operating expenses, particularly marketing and research & development, remain substantial (marketing expense of $586 million and R&D expense of $306 million in Q1 2025), which impacts margins but supports future growth.
Despite improving profits, some quarters in 2023 and 2024 still report net losses, showing that profitability is not yet consistent over time.
Large negative "Other Income / (Expense), net" items, such as $101 million expense in Q4 2023 and $305 million expense in Q4 2022, have adversely impacted pre-tax income in some periods, signaling potential one-time or other financial challenges.

Summary: DoorDash has made significant revenue growth strides and recently achieved profitability on a net income basis. Operating cash flow and liquidity also improved, supporting its capacity to invest in growth. However, high marketing and R&D expenses, some quarterly losses, and occasional adverse financial items remain areas to watch. Overall, the trend is positive with a trajectory toward sustained profitability and expanding operations.

08/03/25 07:25 PMAI Generated. May Contain Errors.

Frequently Asked Questions About DoorDash's Financials

When does DoorDash's financial year end?

According to the most recent income statement we have on file, DoorDash's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has DoorDash's net income changed over the last 6 years?

Over the last 6 years, DoorDash's net income changed from -$204 million in 2018 to $117 million in 2024, a change of -157.4%. See where experts think DoorDash is headed by visiting DoorDash's forecast page.

What is DoorDash's operating income?

DoorDash's total operating income in 2024 was -$38 million, based on the following breakdown:

Total Gross Profit: $5.18 billion
Total Operating Expenses: $5.22 billion

How has DoorDash's revenue changed over the last 6 years?

Over the last 6 years, DoorDash's total revenue changed from $291 million in 2018 to $10.72 billion in 2024, a change of 3,584.5%.

How much debt does DoorDash have?

DoorDash's total liabilities were at $5.04 billion at the end of 2024, a 25.1% increase from 2023, and a 815.5% increase since 2019.

How much cash does DoorDash have?

In the past 5 years, DoorDash's cash and equivalents has ranged from $257 million in 2019 to $4.35 billion in 2020, and is currently $4.02 billion as of their latest financial filing in 2024.

How has DoorDash's book value per share changed over the last 6 years?

Over the last 6 years, DoorDash's book value per share changed from 0.00 in 2018 to 18.78 in 2024, a change of 1,878.5%.

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This page (NASDAQ:DASH) was last updated on 8/3/2025 by MarketBeat.com Staff

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DoorDash (DASH) Financials

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DoorDash (DASH) Financials

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