DoorDash, Inc. (DASH) Stock Analysis
Consumer Cyclical · Internet Retail · NasdaqGS
DoorDash, Inc. (DASH) posted $13.72B in revenue for fiscal 2025 (up 27.9% year over year), at a 6.8% net margin, and has compounded revenue about 36.6%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on DoorDash, Inc.
DoorDash, Inc. has grown revenue from $291.00M to $13.72B over the last 8 fiscal years, compounding about 36.6% a year. The most recent year was up 27.9%, so growth has cooled from its longer-run pace.
Net margin sits at 6.8%, up 5.7 points year over year.
At today's valuation the market is pricing in roughly 16.9% annual free-cash-flow growth — versus the 71.6% it actually delivered over the last five years, so the price is arguably undemanding against what it has already proven. The one thing worth a second look in the filings is receivables growing faster than sales.
Synthesised from DoorDash, Inc.'s SEC filings — descriptive, not advice. Ask the analyst your own question →
DoorDash, Inc. revenue & earnings — last 8 fiscal years
| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $291.00M | $885.00M | $2.89B | $4.89B | $6.58B | $8.63B | $10.72B | $13.72B |
| Gross profit | — | — | — | — | — | — | — | — |
| Net income | $-204.00M | $-667.00M | $-461.00M | $-468.00M | $-1.36B | $-558.00M | $123.00M | $935.00M |
| Net margin | -70.1% | -75.4% | -16.0% | -9.6% | -20.7% | -6.5% | 1.1% | 6.8% |
Source: DoorDash, Inc. SEC filings (10-K).
DoorDash, Inc.: 1 potential red flag in the filings
Patterns in the filed statements worth a second look — computed and cited, not AI guesswork, and not a signal to sell. The kind of thing that hides in a 10-K.
- Receivables growing faster than salesAccounts receivable rose 51.4% while revenue rose 27.9% in the latest year — a gap that can signal looser credit terms or pulled-forward sales. Worth checking days-sales-outstanding.
What growth is priced into DASH stock?
At today's market cap of $85.47B, DoorDash, Inc. is priced for free-cash-flow growth of about 16.9% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $2.17B from the FY ending 2025-12-31). For comparison, free cash flow actually grew 71.6%/yr over the last five fiscal years and revenue 36.6%/yr, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 8 years of DoorDash, Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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DoorDash, Inc. financial history by metric
Compare DoorDash, Inc. with peers
About DoorDash, Inc.
DoorDash, Inc., together with its subsidiaries, operates a commerce platform that connects merchants, consumers, and dashers in the United States and internationally. The company operates DoorDash Marketplace, Wolt Marketplace, and Deliveroo Marketplace, which provide various services, such as customer acquisition, demand generation, order fulfillment, merchandising, payment processing, and customer support. It also offers consumer membership programs, DashPass, Wolt+, and Deliveroo Plus; advertising as a value-added service through its marketplaces; and white-label delivery fulfillment services, as well as services that help merchants establish online ordering, build branded mobile apps, manage reservations and in-store dining, manage consumer relationships, enable tableside order and pay, and improve customer support. The company was formerly known as Palo Alto Delivery Inc. and changed its name to DoorDash, Inc. in 2015. DoorDash, Inc. was founded in 2013 and is headquartered in San Francisco, California.
DoorDash, Inc. — frequently asked questions
What is DoorDash, Inc.'s revenue?
DoorDash, Inc. (DASH) reported revenue of $13.72B for fiscal year 2025, up 27.9% from the prior year, according to its SEC filings.
Is DoorDash, Inc. profitable?
Yes. DASH earned net income of $935.00M in fiscal 2025, a net margin of 6.8%.
What is DASH's P/E ratio?
DoorDash, Inc. trades at a price-to-earnings ratio of about 92.5 based on the latest data in our nightly-refreshed cache.
How fast is DoorDash, Inc. growing?
DASH's revenue grew at roughly 36.6% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does DoorDash, Inc. have?
As of fiscal year 2025, DASH carried roughly $0 in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is DoorDash, Inc.'s market cap?
DoorDash, Inc. (DASH) has a market capitalization of about $85.47B, based on the latest data in our nightly-refreshed cache.
When does DoorDash, Inc.'s fiscal year end?
DASH's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
What growth is priced into DASH stock?
At today's market cap of $85.47B, DoorDash, Inc. is priced for free-cash-flow growth of about 16.9% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $2.17B from the FY ending 2025-12-31). For comparison, free cash flow actually grew 71.6%/yr over the last five fiscal years and revenue 36.6%/yr, computed from its SEC filings.
Where does this data come from?
All figures are computed from DoorDash, Inc.'s official SEC filings (10-K and 10-Q), covering 8 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.