DoorDash (DASH) Financials

$247.32 +2.14 (+0.87%)

Closing price 08/22/2025 04:00 PM Eastern

Extended Trading

$247.40 +0.08 (+0.03%)

As of 08/22/2025 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	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	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	6/30/2025
Net Income / (Loss) Attributable to Common Shareholders	-640	-161	-170	-73	-154	-23	-157	162	141	193	285
Consolidated Net Income / (Loss)	-642	-162	-172	-75	-156	-25	-158	161	139	192	284
Net Income / (Loss) Continuing Operations	-642	-162	-172	-75	-156	-25	-158	161	139	192	284
Total Pre-Tax Income	-659	-145	-181	-69	-139	-18	-157	155	176	198	271
Total Operating Income	-370	-171	-211	-108	-89	-61	-201	107	117	155	163
Total Gross Profit	804	966	998	1,008	1,074	1,183	1,245	1,332	1,420	1,532	1,668
Total Revenue	1,818	2,035	2,133	2,164	2,303	2,513	2,630	2,706	2,873	3,032	3,284
Operating Revenue	1,818	2,035	2,133	2,164	2,303	2,513	2,630	2,706	2,873	3,032	3,284
Total Cost of Revenue	1,014	1,069	1,135	1,156	1,229	1,330	1,385	1,374	1,453	1,500	1,616
Operating Cost of Revenue	1,014	1,069	1,135	1,156	1,229	1,330	1,385	1,374	1,453	1,500	1,616
Total Operating Expenses	1,174	1,137	1,209	1,116	1,163	1,244	1,446	1,225	1,303	1,377	1,505
Selling, General & Admin Expense	300	285	341	289	320	319	494	315	324	332	388
Marketing Expense	429	496	471	449	460	504	509	483	541	586	607
Research & Development Expense	250	231	269	250	253	279	303	289	297	306	351
Depreciation Expense	111	123	128	128	130	142	140	138	141	152	159
Restructuring Charge	84	2.00	0.00	0.00	-	0.00	0.00	0.00	-	1.00	0.00
Total Other Income / (Expense), net	-289	26	30	39	-50	43	44	48	59	43	108
Interest & Investment Income	16	27	34	40	51	45	49	54	51	49	49
Other Income / (Expense), net	-305	-1.00	-4.00	-1.00	-101	-2.00	-5.00	-6.00	8.00	-6.00	59
Income Tax Expense	-17	17	-9.00	6.00	17	7.00	1.00	-6.00	37	6.00	-13
Net Income / (Loss) Attributable to Noncontrolling Interest	-2.00	-1.00	-2.00	-2.00	-2.00	-2.00	-1.00	-1.00	-2.00	-1.00	-1.00
Basic Earnings per Share	($1.71)	($0.41)	($0.44)	($0.19)	($0.38)	($0.06)	($0.38)	$0.39	$0.35	$0.46	$0.67
Weighted Average Basic Shares Outstanding	371.41M	390.40M	388.74M	393.22M	392.95M	405.48M	410.48M	413.11M	411.55M	421.42M	425.11M
Diluted Earnings per Share	($1.71)	($0.41)	($0.44)	($0.19)	($0.38)	($0.06)	($0.38)	$0.38	$0.35	$0.44	$0.65
Weighted Average Diluted Shares Outstanding	371.41M	390.40M	388.74M	393.22M	392.95M	405.48M	410.48M	427.96M	430.24M	435.56M	438.38M
Weighted Average Basic & Diluted Shares Outstanding	392.08M	388.56M	393.30M	398.21M	404.00M	408.91M	411.54M	415.40M	420.10M	423.74M	427.19M

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	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	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	6/30/2025
Net Change in Cash & Equivalents	-139	-2.00	-53	302	337	475	373	278	323	493	1,986
Net Cash From Operating Activities	23	397	393	398	485	553	530	531	518	635	504
Net Cash From Continuing Operating Activities	23	397	393	398	485	553	530	531	518	635	504
Net Income / (Loss) Continuing Operations	-642	-162	-172	-75	-156	-25	-158	161	139	192	284
Consolidated Net Income / (Loss)	-642	-162	-172	-75	-156	-25	-158	161	139	192	284
Depreciation Expense	111	123	128	128	130	142	140	138	141	152	159
Non-Cash Adjustments To Reconcile Net Income	483	230	312	273	369	251	384	270	268	240	279
Changes in Operating Assets and Liabilities, net	71	206	125	72	142	185	164	-38	-30	51	-218
Net Cash From Investing Activities	-181	-10	-135	-78	-119	-72	-147	-62	-163	-160	-941
Net Cash From Continuing Investing Activities	-181	-10	-135	-78	-119	-72	-147	-62	-163	-160	-941
Purchase of Property, Plant & Equipment	-96	-81	-82	-74	-87	-66	-79	-87	-98	-141	-149
Acquisitions	-	-	-	-	-	0.00	-	-	-	-27	-1,146
Purchase of Investments	-382	-434	-512	-625	-392	-529	-440	-558	-424	-425	-300
Sale and/or Maturity of Investments	298	506	459	622	360	532	371	582	359	433	654
Net Cash From Financing Activities	1.00	-390	-308	-4.00	-50	7.00	-5.00	-213	7.00	3.00	2,375
Net Cash From Continuing Financing Activities	1.00	-390	-308	-4.00	-50	7.00	-5.00	-213	7.00	3.00	2,375
Repayment of Debt	-	0.00	-8.00	-	-	6.00	-	-	-	0.00	-10
Other Financing Activities, net	1.00	2.00	1.00	2.00	1.00	1.00	2.00	4.00	7.00	3.00	-678
Other Net Changes in Cash	-	-	-	-	-	-	-	-	-	15	48

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
Long-Term Debt	-	-	-	-	-	0.00
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	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	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	6/30/2025
Total Assets	9,789	9,646	9,601	10,013	10,839	11,450	11,837	12,277	12,845	13,572	16,950
Total Current Assets	4,720	4,587	4,605	5,142	5,597	6,130	6,617	6,760	7,386	7,853	9,735
Cash & Equivalents	1,977	1,833	1,904	2,344	2,656	3,124	3,430	3,664	4,019	4,500	3,911
Restricted Cash	-	-	-	-	105	-	-	-	190	202	2,750
Short-Term Investments	1,544	1,573	1,552	1,477	1,422	1,366	1,424	1,300	1,322	1,317	1,088
Accounts Receivable	400	382	383	417	533	546	585	622	732	782	840
Prepaid Expenses	358	509	469	519	525	700	782	839	687	730	824
Other Current Assets	441	290	297	385	356	394	396	335	436	322	322
Plant, Property, & Equipment, net	0.00	656	0.00	0.00	0.00	705	0.00	0.00	0.00	846	0.00
Total Noncurrent Assets	5,069	4,403	4,996	4,871	5,242	4,615	5,220	5,517	5,459	4,873	7,215
Long-Term Investments	397	314	381	474	583	646	669	795	835	842	725
Goodwill	2,370	2,403	2,396	2,345	2,432	2,386	2,371	2,460	2,315	2,412	3,529
Intangible Assets	765	743	708	663	659	621	586	577	510	504	890
Other Noncurrent Operating Assets	1,537	943	1,511	1,389	1,568	962	1,594	1,685	1,799	1,115	2,071
Total Liabilities & Shareholders' Equity	9,789	9,646	9,601	10,013	10,839	11,450	11,837	12,277	12,845	13,572	16,950
Total Liabilities	3,021	3,115	3,194	3,445	4,026	4,440	4,665	4,699	5,035	5,177	8,022
Total Current Liabilities	2,544	2,651	2,726	2,986	3,410	3,743	4,028	4,094	4,438	4,577	4,696
Accounts Payable	157	208	173	149	216	203	163	191	321	329	345
Accrued Expenses	2,332	2,388	2,495	2,774	3,126	3,476	3,801	3,837	4,049	4,178	4,273
Other Current Liabilities	55	55	58	63	68	64	64	66	68	70	78
Total Noncurrent Liabilities	477	464	468	459	616	697	637	605	597	600	3,326
Long-Term Debt	-	-	-	-	-	-	-	-	-	-	2,721
Other Noncurrent Operating Liabilities	477	464	468	459	616	697	637	605	597	600	605
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	14	13	11	9.00	7.00	11	10	9.00	7.00	6.00	5.00
Total Equity & Noncontrolling Interests	6,754	6,518	6,396	6,559	6,806	6,999	7,162	7,569	7,803	8,389	8,923
Total Preferred & Common Equity	6,754	6,518	6,396	6,559	6,806	6,999	7,162	7,569	7,803	8,389	8,923
Total Common Equity	6,754	6,518	6,396	6,559	6,806	6,999	7,162	7,569	7,803	8,389	8,923
Common Stock	10,633	10,900	11,257	11,576	11,887	12,177	12,523	12,843	13,165	13,444	13,439
Retained Earnings	-3,846	-4,400	-4,870	-4,949	-5,154	-5,177	-5,336	-5,396	-5,255	-5,062	-4,777
Accumulated Other Comprehensive Income / (Loss)	-33	18	9.00	-68	73	-1.00	-25	122	-107	7.00	261

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	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	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	6/30/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	39.85%	39.77%	32.65%	27.22%	26.68%	23.49%	23.30%	25.05%	24.75%	20.65%	24.87%
EBITDA Growth	-442.31%	55.05%	55.38%	109.90%	89.36%	261.22%	24.14%	1,157.89%	543.33%	281.01%	677.27%
EBIT Growth	-341.18%	-2.38%	22.10%	64.84%	71.85%	63.37%	4.19%	192.66%	165.79%	336.51%	207.77%
NOPAT Growth	-140.26%	1.16%	22.71%	64.94%	75.95%	64.33%	4.74%	247.01%	248.32%	452.00%	221.41%
Net Income Growth	-314.19%	2.99%	34.60%	74.66%	75.70%	84.57%	8.14%	314.67%	189.10%	868.00%	279.75%
EPS Growth	-280.00%	14.58%	38.89%	75.32%	77.78%	85.37%	13.64%	300.00%	192.11%	833.33%	271.05%
Operating Cash Flow Growth	-86.23%	2,085.00%	138.18%	100.00%	2,008.70%	39.29%	34.86%	33.42%	6.80%	14.83%	-4.91%
Free Cash Flow Firm Growth	-1,650.00%	-455.66%	106.28%	110.77%	126.00%	135.52%	293.49%	79.18%	-6.12%	-45.17%	-273.67%
Invested Capital Growth	996.15%	580.63%	-11.87%	-14.68%	-28.18%	-33.33%	-35.84%	-19.97%	-29.46%	-18.14%	92.54%
Revenue Q/Q Growth	6.88%	11.94%	4.82%	1.45%	6.42%	9.12%	4.66%	2.89%	6.17%	5.53%	8.31%
EBITDA Q/Q Growth	-193.75%	91.31%	-77.55%	121.84%	-415.79%	231.67%	-183.54%	462.12%	11.30%	13.16%	26.58%
EBIT Q/Q Growth	-117.74%	74.52%	-25.00%	49.30%	-74.31%	66.84%	-226.98%	149.03%	23.76%	19.20%	48.99%
NOPAT Q/Q Growth	-20.13%	53.78%	-23.39%	48.82%	17.59%	31.46%	-229.51%	178.99%	-16.86%	62.66%	13.65%
Net Income Q/Q Growth	-116.89%	74.77%	-6.17%	56.40%	-108.00%	83.97%	-532.00%	201.90%	-13.66%	38.13%	47.92%
EPS Q/Q Growth	-122.08%	76.02%	-7.32%	56.82%	-100.00%	84.21%	-533.33%	200.00%	-7.89%	25.71%	47.73%
Operating Cash Flow Q/Q Growth	-88.44%	1,626.09%	-1.01%	1.27%	21.86%	14.02%	-4.16%	0.19%	-2.45%	22.59%	-20.63%
Free Cash Flow Firm Q/Q Growth	2.68%	11.63%	107.88%	59.05%	134.84%	40.68%	-12.75%	-27.57%	23.05%	-29.49%	-376.40%
Invested Capital Q/Q Growth	6.98%	-1.37%	-8.57%	-11.56%	-9.94%	-12.92%	-12.01%	10.31%	-20.62%	6.23%	106.98%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	44.22%	47.47%	46.79%	46.58%	46.63%	47.08%	47.34%	49.22%	49.43%	50.53%	50.79%
EBITDA Margin	-31.02%	-2.41%	-4.08%	0.88%	-2.61%	3.14%	-2.51%	8.83%	9.26%	9.93%	11.60%
Operating Margin	-20.35%	-8.40%	-9.89%	-4.99%	-3.86%	-2.43%	-7.64%	3.95%	4.07%	5.11%	4.96%
EBIT Margin	-37.13%	-8.45%	-10.08%	-5.04%	-8.25%	-2.51%	-7.83%	3.73%	4.35%	4.91%	6.76%
Profit (Net Income) Margin	-35.31%	-7.96%	-8.06%	-3.47%	-6.77%	-0.99%	-6.01%	5.95%	4.84%	6.33%	8.65%
Tax Burden Percent	97.42%	111.72%	95.03%	108.70%	112.23%	138.89%	100.64%	103.87%	78.98%	96.97%	104.80%
Interest Burden Percent	97.63%	84.30%	84.19%	63.30%	73.16%	28.57%	76.21%	153.47%	140.80%	132.89%	122.07%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-3.87%	21.02%	3.03%	-4.80%
Return on Invested Capital (ROIC)	-60.31%	-26.13%	-19.41%	-11.53%	-9.54%	-6.61%	-24.37%	20.38%	19.76%	32.70%	25.65%
ROIC Less NNEP Spread (ROIC-NNEP)	-51.11%	-25.07%	-18.82%	-11.55%	-7.38%	-7.01%	-24.00%	19.39%	18.92%	32.01%	23.64%
Return on Net Nonoperating Assets (RNNOA)	37.21%	17.84%	11.35%	7.30%	4.72%	4.58%	16.54%	-13.78%	-14.40%	-24.93%	-16.56%
Return on Equity (ROE)	-23.10%	-8.29%	-8.06%	-4.24%	-4.82%	-2.03%	-7.83%	6.60%	5.35%	7.78%	9.09%
Cash Return on Invested Capital (CROIC)	-217.16%	-197.48%	-14.44%	-8.55%	16.24%	25.99%	28.43%	13.84%	32.91%	29.33%	-41.47%
Operating Return on Assets (OROA)	-29.45%	-7.35%	-7.94%	-4.20%	-6.91%	-2.17%	-7.02%	3.40%	3.94%	4.42%	5.59%
Return on Assets (ROA)	-28.01%	-6.92%	-6.35%	-2.89%	-5.67%	-0.86%	-5.39%	5.42%	4.38%	5.69%	7.15%
Return on Common Equity (ROCE)	-23.07%	-8.28%	-8.05%	-4.23%	-4.81%	-2.02%	-7.81%	6.59%	5.35%	7.77%	9.08%
Return on Equity Simple (ROE_SIMPLE)	0.00%	-20.91%	-19.89%	-16.02%	0.00%	-6.12%	-5.78%	-2.35%	0.00%	3.98%	0.00%
Net Operating Profit after Tax (NOPAT)	-259	-120	-148	-76	-62	-43	-141	111	92	150	171
NOPAT Margin	-14.25%	-5.88%	-6.92%	-3.49%	-2.71%	-1.70%	-5.35%	4.11%	3.22%	4.96%	5.20%
Net Nonoperating Expense Percent (NNEP)	-9.20%	-1.06%	-0.58%	0.01%	-2.16%	0.40%	-0.37%	0.99%	0.84%	0.70%	2.01%
Return On Investment Capital (ROIC_SIMPLE)	-3.83%	-	-	-	-0.92%	-	-	-	1.18%	1.79%	1.47%
Cost of Revenue to Revenue	55.78%	52.53%	53.21%	53.42%	53.37%	52.92%	52.66%	50.78%	50.57%	49.47%	49.21%
SG&A Expenses to Revenue	16.50%	14.00%	15.99%	13.35%	13.89%	12.69%	18.78%	11.64%	11.28%	10.95%	11.81%
R&D to Revenue	13.75%	11.35%	12.61%	11.55%	10.99%	11.10%	11.52%	10.68%	10.34%	10.09%	10.69%
Operating Expenses to Revenue	64.58%	55.87%	56.68%	51.57%	50.50%	49.50%	54.98%	45.27%	45.35%	45.42%	45.83%
Earnings before Interest and Taxes (EBIT)	-675	-172	-215	-109	-190	-63	-206	101	125	149	222
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-564	-49	-87	19	-60	79	-66	239	266	301	381
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.81	3.82	4.64	4.77	5.79	7.84	6.21	7.76	8.93	9.15	11.71
Price to Tangible Book Value (P/TBV)	5.24	7.39	9.02	8.80	10.60	13.74	10.58	12.96	14.00	14.03	23.19
Price to Revenue (P/Rev)	2.88	3.48	3.86	3.84	4.56	6.02	4.63	5.79	6.50	6.83	8.78
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	566.53	226.49	133.75
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%	0.18%	0.44%	0.75%
Enterprise Value to Invested Capital (EV/IC)	5.28	7.55	10.07	11.87	16.91	26.53	23.63	29.13	43.85	45.58	31.09
Enterprise Value to Revenue (EV/Rev)	2.29	2.96	3.37	3.31	4.01	5.46	4.06	5.22	5.91	6.22	8.30
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	275.99	122.25	94.49	83.16
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	413.76	165.34
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	437.54	187.75
Enterprise Value to Operating Cash Flow (EV/OCF)	41.00	27.06	25.56	22.27	20.69	27.18	19.82	25.25	29.70	31.58	45.11
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	87.05	81.68	64.98	187.11	110.22	139.90	0.00
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	0.30
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	0.30
Financial Leverage	-0.73	-0.71	-0.60	-0.63	-0.64	-0.65	-0.69	-0.71	-0.76	-0.78	-0.70
Leverage Ratio	1.45	1.47	1.41	1.46	1.52	1.56	1.58	1.58	1.62	1.62	1.79
Compound Leverage Factor	1.42	1.24	1.19	0.92	1.11	0.45	1.20	2.42	2.28	2.16	2.18
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	23.36%
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%	23.36%
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	0.21%	0.20%	0.17%	0.14%	0.10%	0.16%	0.14%	0.12%	0.09%	0.07%	0.04%
Common Equity to Total Capital	99.79%	99.80%	99.83%	99.86%	99.90%	99.84%	99.86%	99.88%	99.91%	99.93%	76.60%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	2.29
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-4.85
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	2.29
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	5.18
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-10.94
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	5.18
Altman Z-Score	3.93	5.09	5.83	5.79	6.18	7.81	6.11	8.00	8.87	9.53	8.52
Noncontrolling Interest Sharing Ratio	0.12%	0.12%	0.08%	0.19%	0.15%	0.18%	0.15%	0.13%	0.10%	0.11%	0.09%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.86	1.73	1.69	1.72	1.64	1.64	1.64	1.65	1.66	1.72	2.07
Quick Ratio	1.54	1.43	1.41	1.42	1.35	1.35	1.35	1.36	1.37	1.44	1.24
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-2,849	-2,518	198	315	741	894	780	565	695	490	-1,355
Operating Cash Flow to CapEx	23.96%	490.12%	479.27%	537.84%	557.47%	837.88%	670.89%	610.34%	528.57%	450.35%	338.26%
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	0.79	0.87	0.79	0.83	0.84	0.86	0.90	0.91	0.91	0.90	0.83
Accounts Receivable Turnover	17.58	20.38	21.09	21.97	18.51	19.64	19.86	19.54	16.95	16.93	16.69
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	12.89	0.00	0.00	0.00	13.39	0.00	0.00	0.00	14.50	0.00
Accounts Payable Turnover	22.57	18.95	21.84	22.60	24.61	23.60	30.36	31.28	20.64	21.47	23.40
Days Sales Outstanding (DSO)	20.76	17.91	17.31	16.62	19.72	18.58	18.38	18.68	21.53	21.56	21.86
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)	16.17	19.26	16.71	16.15	14.83	15.47	12.02	11.67	17.68	17.00	15.60
Cash Conversion Cycle (CCC)	4.59	-1.35	0.59	0.47	4.89	3.12	6.36	7.01	3.85	4.56	6.26
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,850	2,811	2,570	2,273	2,047	1,874	1,649	1,819	1,444	1,534	3,175
Invested Capital Turnover	4.23	4.44	2.80	3.30	3.53	3.89	4.56	4.96	6.14	6.60	4.93
Increase / (Decrease) in Invested Capital	2,590	2,398	-346	-391	-803	-937	-921	-454	-603	-340	1,526
Enterprise Value (EV)	15,049	21,213	25,868	26,969	34,620	49,716	38,969	52,989	63,324	69,926	98,709
Market Capitalization	18,953	24,920	29,694	31,255	39,379	54,841	44,482	58,739	69,683	76,781	104,457
Book Value per Share	$17.40	$16.62	$16.46	$16.68	$17.09	$17.26	$17.51	$18.39	$18.78	$19.97	$21.06
Tangible Book Value per Share	$9.32	$8.60	$8.47	$9.03	$9.33	$9.85	$10.28	$11.01	$11.98	$13.03	$10.63
Total Capital	6,768	6,531	6,407	6,568	6,813	7,010	7,172	7,578	7,810	8,395	11,649
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	2,721
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	2,721
Net Debt	-3,918	-3,720	-3,837	-4,295	-4,766	-5,136	-5,523	-5,759	-6,366	-6,861	-5,753
Capital Expenditures (CapEx)	96	81	82	74	87	66	79	87	98	141	149
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-1,345	-1,470	-1,577	-1,665	-1,996	-2,103	-2,265	-2,298	-2,583	-2,743	-2,710
Debt-free Net Working Capital (DFNWC)	2,176	1,936	1,879	2,156	2,187	2,387	2,589	2,666	2,948	3,276	5,039
Net Working Capital (NWC)	2,176	1,936	1,879	2,156	2,187	2,387	2,589	2,666	2,948	3,276	5,039
Net Nonoperating Expense (NNE)	383	42	24	-0.60	94	-18	17	-50	-47	-42	-113
Net Nonoperating Obligations (NNO)	-3,918	-3,720	-3,837	-4,295	-4,766	-5,136	-5,523	-5,759	-6,366	-6,861	-5,753
Total Depreciation and Amortization (D&A)	111	123	128	128	130	142	140	138	141	152	159
Debt-free, Cash-free Net Working Capital to Revenue	-20.43%	-20.53%	-20.52%	-20.43%	-23.12%	-23.08%	-23.57%	-22.64%	-24.09%	-24.40%	-22.78%
Debt-free Net Working Capital to Revenue	33.05%	27.03%	24.44%	26.45%	25.33%	26.19%	26.94%	26.26%	27.49%	29.14%	42.36%
Net Working Capital to Revenue	33.05%	27.03%	24.44%	26.45%	25.33%	26.19%	26.94%	26.26%	27.49%	29.14%	42.36%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($1.71)	($0.41)	($0.44)	($0.19)	($0.38)	($0.06)	($0.38)	$0.39	$0.35	$0.46	$0.67
Adjusted Weighted Average Basic Shares Outstanding	371.41M	390.40M	388.74M	393.22M	392.95M	405.48M	410.48M	413.11M	411.55M	421.42M	425.11M
Adjusted Diluted Earnings per Share	($1.71)	($0.41)	($0.44)	($0.19)	($0.38)	($0.06)	($0.38)	$0.38	$0.35	$0.44	$0.65
Adjusted Weighted Average Diluted Shares Outstanding	371.41M	390.40M	388.74M	393.22M	392.95M	405.48M	410.48M	427.96M	430.24M	435.56M	438.38M
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	392.08M	388.56M	393.30M	398.21M	404.00M	408.91M	411.54M	415.40M	420.10M	423.74M	427.19M
Normalized Net Operating Profit after Tax (NOPAT)	-200	-118	-148	-76	-62	-43	-141	75	92	151	114
Normalized NOPAT Margin	-11.01%	-5.81%	-6.92%	-3.49%	-2.71%	-1.70%	-5.35%	2.77%	3.22%	4.99%	3.47%
Pre Tax Income Margin	-36.25%	-7.13%	-8.49%	-3.19%	-6.04%	-0.72%	-5.97%	5.73%	6.13%	6.53%	8.25%
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	-29.24%	-58.11%	-85.93%	-66.51%	-132.74%	-83.64%	-15.46%	-154.49%	191.45%	0.00%	27.96%

Key Financial Trends

DoorDash (NASDAQ:DASH) has demonstrated notable financial progress through the recent quarters into 2025, with key metrics showing strength and areas to monitor. Here’s a detailed look at the financial trends based on the latest quarterly data and historical performance over the past four years:

Revenue growth: Operating revenue for Q2 2025 reached $3.28 billion, up from $3.03 billion in Q1 2025 and showing a steady upward trend since 2023, indicating sustained top-line growth.
Profitability improvement: DoorDash posted a net income of $284 million in Q2 2025, a significant increase from $192 million in Q1 2025 and reversing several quarters of losses observed in 2023 and early 2024. This marks a positive swing towards profitability.
Gross profit expansion: Gross profit in Q2 2025 was $1.67 billion, growing from $1.53 billion in Q1 2025. The gross margin trend indicates improving operational efficiency relative to costs of revenue.
Strong operating cash flow: Net cash from operating activities increased to $504 million in Q2 2025, which is a healthy cash inflow supporting ongoing operations and investments.
Healthy liquidity: Cash and cash equivalents surged to $3.91 billion as of Q2 2025, up from $4.50 billion in Q1 2025 and showing an overall increase over the last several quarters, indicating strong liquidity and financial flexibility.
Equity base growth: Total common equity rose to $8.92 billion by Q2 2025, reflecting retained earnings improvement and shareholder investments over time.
Significant capital expenditures and acquisitions: DoorDash invested heavily in acquisitions ($1.15 billion in Q2 2025) and property and equipment ($149 million), which could fuel future expansion but also pressure free cash flow short-term.
Weighted average diluted shares increasing: The diluted share count increased marginally in recent quarters, from around 405 million in early 2023 to 438 million in Q2 2025, which may dilute earnings per share growth slightly.
Rising marketing and R&D expenses: Marketing expense in Q2 2025 was $607 million, up sequentially and reflecting DoorDash's aggressive growth strategy, while R&D rose to $351 million, which impacts near-term profitability despite being an investment in innovation.
High accrued expenses and liabilities: Accrued expenses and total liabilities remain substantial, with accrued expenses at $4.27 billion and total liabilities at $8.02 billion as of Q2 2025, which suggests ongoing obligations that need to be managed carefully.

Summary: DoorDash shows strong revenue and profitability growth momentum in 2025 compared to losses in previous years, backed by solid cash flow and liquidity. The company is investing heavily in acquisitions and operating expenses to sustain growth. Investors should watch how these investments translate into long-term profitable growth while monitoring liabilities and diluted shares for potential impacts.

08/24/25 03:42 AMAI Generated. May Contain Errors.

Frequently Asked Questions About DoorDash's Financials

When does DoorDash's fiscal year end?

According to the most recent income statement we have on file, DoorDash's financial year ends in December. Their financial 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%. View DoorDash's forecast to see where analysts expect DoorDash to go next.

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 8/24/2025 by MarketBeat.com Staff

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DoorDash (DASH) Financials

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DoorDash (DASH) Financials

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