DoorDash, Inc.
- Open
- 185.74
- Day high
- 189.68
- Day low
- 181.68
- Prev close
- 186.36
- Volume
- 2.5M
- Mkt cap
- $80.2B
- P/E (TTM)
- 85.6
- EPS (TTM)
- $2.15
- P/B
- 7.9
- P/S
- 5.5
- Yield
- —
- Per share
- —
- ▼Insiders net selling -$32.6M over the last 3 months (1 open-market buy, 59 sales)
- 🏛Institutions mixed (13F)
DoorDash, Inc. (DASH) is a Communication Services company listed on NASDAQ. The stock is down 23% over the past year. Over the trailing 3 months, insiders filed 1 open-market buy and 59 sales (SEC Form 4).
DoorDash, Inc. (DASH) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 14 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
DASH earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 6, 2026 | $0.36 | $0.42 | +15.8% | $4.0B | -2.8% |
| Feb 18, 2026 | $0.59 | $0.48 | -18.6% | $4.0B | -1.0% |
| Nov 5, 2025 | $0.68 | $0.55 | -19.5% | $3.4B | +2.7% |
| Aug 6, 2025 | $0.44 | $0.65 | +48.3% | $3.3B | +3.9% |
| Aug 1, 2024 | $-0.09 | $-0.38 | -309.3% | $2.6B | +3.6% |
| May 1, 2024 | $-0.04 | $-0.06 | -40.1% | $2.5B | +2.3% |
| Feb 15, 2024 | $-0.15 | $-0.39 | -160.0% | $2.3B | +2.7% |
| Nov 1, 2023 | $-0.45 | $-0.19 | +57.8% | $2.2B | +3.5% |
| Aug 2, 2023 | $-0.42 | $-0.44 | -4.8% | $2.1B | +3.5% |
| May 4, 2023 | $-0.56 | $-0.41 | +26.8% | $2.0B | +5.3% |
| Feb 16, 2023 | $-0.70 | $-0.63 | +10.0% | $1.8B | +2.7% |
| Nov 3, 2022 | $-0.60 | $-0.77 | -28.3% | $1.7B | +4.6% |
DASH insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jul 10, 2026 | Inukonda Raviofficer: CHIEF FINANCIAL OFFICER | Sell | 1,435 | $189.63 |
| Jul 10, 2026 | Inukonda Raviofficer: CHIEF FINANCIAL OFFICER | Sell | 3,887 | $187.64 |
| Jul 10, 2026 | Inukonda Raviofficer: CHIEF FINANCIAL OFFICER | Sell | 2,105 | $186.64 |
| Jul 10, 2026 | Inukonda Raviofficer: CHIEF FINANCIAL OFFICER | Sell | 1,900 | $183.36 |
| Jul 10, 2026 | Inukonda Raviofficer: CHIEF FINANCIAL OFFICER | Option | 4,068 | $7.66 |
| Jul 10, 2026 | Inukonda Raviofficer: CHIEF FINANCIAL OFFICER | Sell | 1,700 | $184.46 |
| Jul 10, 2026 | Inukonda Raviofficer: CHIEF FINANCIAL OFFICER | Sell | 2,100 | $188.38 |
| Jul 10, 2026 | Inukonda Raviofficer: CHIEF FINANCIAL OFFICER | Sell | 4,068 | $193.21 |
| Jul 7, 2026 | Tang Stanleydirector | Sell | 10,824 | $191.72 |
| Jul 7, 2026 | Tang Stanleydirector | Sell | 7,206 | $190.63 |
| Jul 7, 2026 | Tang Stanleydirector | Sell | 2,986 | $189.75 |
| Jul 7, 2026 | Tang Stanleydirector | Sell | 100 | $193.44 |
| Jul 7, 2026 | Tang Stanleydirector | Sell | 2,009 | $192.42 |
| Jul 6, 2026 | Fang Andydirector | Sell | 100 | $189.21 |
| Jul 6, 2026 | Fang Andydirector | Sell | 544 | $184.63 |
Source: DASH SEC Form 4 filings, latest Jul 10, 2026. For informational purposes only — not investment advice.
See the full DASH insider & 13F page →DoorDash, Inc. company profile
Overview
DoorDash, Inc. (NYSE:DASH) is a leading on-demand logistics platform founded in 2013 by Stanford students Tony Xu, Stanley Tang, Andy Fang, and Evan Moore. Originally incorporated as Palo Alto Delivery Inc., the company rebranded to DoorDash in 2015 and went public in December 2020. Headquartered in San Francisco, California, DoorDash has evolved from a restaurant delivery service into a comprehensive local commerce platform operating across the United States and internationally through its Wolt subsidiary, serving millions of consumers, merchants, and delivery drivers across multiple categories including restaurants, grocery, convenience, and retail.
Business
DoorDash operates a three-sided marketplace platform that connects consumers seeking on-demand delivery with local merchants and independent contractors called "Dashers" who fulfill the deliveries. The company's core business revolves around facilitating local commerce through its logistics network, enabling consumers to order products from nearby businesses and have them delivered within hours or minutes. The platform consists of several key components. DoorDash Marketplace serves as the primary consumer-facing application where users browse restaurants, grocery stores, convenience stores, and retail locations, place orders, and track deliveries in real-time. DashPass is the company's subscription service offering reduced delivery fees and exclusive deals to members, while internationally the company operates Wolt+ following its acquisition of European competitor Wolt. For merchants, DoorDash provides comprehensive business solutions including DoorDash for Business which handles customer acquisition, delivery logistics, payment processing, analytics, and customer support. The company also offers DoorDash Drive and Wolt Drive as white-label delivery services that allow merchants to maintain their brand identity while leveraging DoorDash's logistics network. Additionally, DoorDash Storefront enables merchants to create their own e-commerce websites powered by DoorDash's infrastructure, while Bbot provides digital ordering and payment solutions for both in-store and online channels. The business operates across multiple segments with varying revenue contributions: 1. U.S. Restaurant Delivery represents the largest segment, generating approximately 60-65% of total revenue. This mature business focuses on connecting consumers with local restaurants for meal delivery, maintaining stable growth rates and strong unit economics. 2. New Verticals including grocery, convenience, alcohol, and retail delivery comprises roughly 15-20% of revenue but represents the fastest-growing segment, expanding at over 100% year-over-year as the company diversifies beyond restaurants. 3. International Operations primarily through the Wolt platform accounts for approximately 10-15% of revenue, serving 27 countries with particular strength in European markets and growing 5-6 times faster than local competitors. 4. Advertising Services represents an emerging revenue stream of roughly 5-10% of total revenue, allowing restaurants and consumer packaged goods brands to promote their products within the DoorDash marketplace.
Revenue model
DoorDash generates revenue through multiple complementary business models that monetize different aspects of its logistics platform. The primary revenue stream comes from commission fees charged to merchants, typically ranging from 15-30% of order value depending on the service level and merchant agreement. These commissions cover the cost of delivery, payment processing, customer support, and platform access. Delivery fees paid directly by consumers represent another significant revenue source, though DashPass subscribers receive reduced or waived delivery fees as a membership benefit. The company also charges service fees to consumers, typically 2-5% of order value, plus small order fees when purchases fall below minimum thresholds. The subscription revenue model through DashPass and Wolt+ memberships provides recurring income, with over 18 million subscribers paying monthly or annual fees for delivery benefits and exclusive offers. Advertising revenue has emerged as a high-margin growth driver, allowing restaurants and CPG brands to pay for prominent placement and promotional opportunities within the app. Additional revenue streams include white-label delivery services through DoorDash Drive, where the company charges merchants for delivery logistics without consumer-facing branding, and various merchant services including payment processing, analytics tools, and marketing solutions. Several factors influence DoorDash's profitability margins. Order density and frequency in geographic markets directly impact delivery efficiency and Dasher utilization rates. Higher-density markets with frequent orders allow for more efficient routing and reduced per-delivery costs. Average order values significantly affect unit economics since commission percentages remain relatively fixed while delivery costs are largely variable. Competitive dynamics in local markets can pressure commission rates and require increased marketing spend to maintain market share. Regulatory changes regarding gig worker classification, minimum wage requirements, or commission caps can substantially impact cost structures. Fuel prices and vehicle costs affect Dasher economics and may require adjustments to delivery fees or Dasher compensation. Seasonal demand patterns create both opportunities and challenges, with weather events typically boosting orders while holiday periods may increase operational costs. The company's expansion into lower-margin categories like grocery affects overall take rates, though these categories often feature larger basket sizes that can improve absolute dollar margins per order.
Competitive moat
DoorDash's competitive moat stems primarily from network effects and operational scale rather than proprietary technology or brand loyalty. The company benefits from a three-sided network where more consumers attract more merchants, which in turn attracts more Dashers, creating a self-reinforcing cycle. In markets where DoorDash achieves density leadership, it can offer faster delivery times, better Dasher earnings potential, and more merchant selection than competitors. The company's logistics expertise and data advantages represent significant competitive assets. DoorDash has developed sophisticated algorithms for demand prediction, route optimization, and dynamic pricing that improve with scale. The platform's ability to efficiently match supply and demand across millions of daily transactions creates operational efficiencies that are difficult for smaller competitors to replicate. Merchant relationships and integration depth provide some switching costs, particularly for restaurants that rely heavily on DoorDash for customer acquisition and have integrated the platform into their operations. The company's expanding suite of merchant services, from payment processing to marketing analytics, increases the cost and complexity of switching to alternative platforms. However, DoorDash's moat faces several challenges. The food delivery industry has relatively low barriers to entry for well-funded competitors, as demonstrated by the successful market entries of Uber Eats and the persistence of regional players like Grubhub. Consumer loyalty is primarily driven by selection, speed, and price rather than platform preference, making customers relatively price-sensitive and willing to switch. Regulatory risks pose ongoing threats to the business model, with potential changes to gig worker classification, commission caps, or minimum wage requirements capable of significantly impacting unit economics. The company also faces competitive pressure from direct-to-consumer initiatives by large restaurant chains and grocery retailers who may choose to internalize delivery capabilities. In international markets, DoorDash competes against well-established local players with deep market knowledge and existing relationships. The company's moat is weakest in these markets where it lacks the density advantages and operational experience that provide competitive advantages in the U.S. market.
Risks & safety
DoorDash demonstrates a strong financial position with substantial cash reserves and improving profitability metrics, though valuation concerns persist. • Liquidity and Solvency: Cash and short-term investments of $4.5 billion provide significant financial flexibility. Current ratio of 1.72 indicates solid short-term liquidity. Debt-to-equity ratio of just 6.3% reflects minimal leverage and low solvency risk. • Cash Generation: Positive free cash flow of $561 million in Q1 2025 and $2.0 billion for full year 2024 demonstrates strong cash generation capabilities. Operating cash flow of $635 million in the most recent quarter shows consistent operational cash generation. • Valuation Metrics: Price-to-earnings ratio of 99.8x reflects high valuation expectations. EV/EBITDA of 52.0x indicates expensive valuation relative to current profitability. Price-to-book ratio of 9.2x suggests significant premium to tangible book value. • Profitability Trends: EBITDA positive with $351 million in Q1 2025, showing improvement from prior periods. Net income of $192 million demonstrates achievement of sustainable profitability. • Other Considerations: Strong balance sheet with $8.4 billion in stockholders' equity provides substantial downside protection. Growing market share in expanding categories offers multiple growth vectors, though execution risk remains elevated given competitive dynamics and regulatory uncertainties.
Recent development
Over the past several years, DoorDash has executed a comprehensive transformation from a restaurant-focused delivery service into a diversified local commerce platform. The company's most significant strategic pivot involved aggressive expansion into new verticals beyond restaurants, with grocery and convenience delivery becoming major growth drivers. The New Verticals segment now grows at over 100% year-over-year and represents approximately 15-20% of total revenue. International expansion accelerated dramatically through the 2022 acquisition of Wolt, a European food delivery platform serving 27 countries. This acquisition provided DoorDash with immediate scale in international markets and has become a key growth engine, with international operations growing 5-6 times faster than local competitors in most markets. The company has systematically built its advertising business into a significant revenue stream, starting with restaurant promotions and expanding into consumer packaged goods advertising. This high-margin business now contributes meaningfully to both revenue and EBITDA, with management highlighting its rapid growth trajectory. DashPass subscription services have scaled dramatically, reaching over 18 million subscribers by 2024, representing a doubling of the subscriber base over two years. The subscription model provides recurring revenue and increases customer order frequency, with DashPass members ordering significantly more frequently than non-subscribers. Recent strategic acquisitions include Deliveroo's operations to further expand European market presence and SevenRooms to enhance marketing and guest intelligence services for restaurant merchants. The company has also invested heavily in autonomous delivery technology, focusing on solving first and last-mile delivery challenges with appropriate form factors distinct from passenger autonomous vehicles. Merchant services expansion has been another key development, with DoorDash building comprehensive business solutions including payment processing, analytics, marketing tools, and customer support services. The launch of DoorDash Commerce Platform and partnerships with major retailers like Wegmans, Ahold, and Wakefern demonstrate the company's evolution into a full-service e-commerce enabler for local businesses.
DASH company profile · for informational purposes only — not investment advice.
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