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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.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $13.7B | $1.5B | $935M | $1.8B | 9.3% | 27.9% | 660.2% |
| 2024 | $10.7B | $523M | $123M | $1.8B | 1.6% | 24.2% | -122.0% |
| 2023 | $8.6B | $-68M | $-558M | $1.3B | -8.2% | 31.2% | -59.1% |
| 2022 | $6.6B | $-663M | $-1.4B | $21M | -20.2% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 6,583 | 8,635 | 10,722 | 13,717 |
| Operating Revenue | - | 6,583 | 8,635 | 10,722 | 13,717 |
| Cost Of Revenue | - | 3,588 | 4,589 | 5,542 | 6,738 |
| Gross Profit | - | 2,995 | 4,046 | 5,180 | 6,979 |
| Operating Expense | - | 4,027 | 4,623 | 5,218 | 6,254 |
| Research And Development | - | 829 | 1,003 | 1,168 | 1,431 |
| Selling General And Administration | - | 2,829 | 3,111 | 3,489 | 4,076 |
| Total Expenses | - | 7,615 | 9,212 | 10,760 | 12,992 |
| Operating Income | - | -1,032 | -577 | -38 | 725 |
| Total Operating Income As Reported | - | -1,124 | -579 | -38 | 723 |
| EBITDA | - | -663 | -68 | 523 | 1,472 |
| Normalized EBITDA | - | -571 | -66 | 523 | 1,474 |
| EBIT | - | -1,032 | -577 | -38 | 725 |
| Interest Income | - | 30 | 152 | 199 | 211 |
| Interest Expense | 14 | 2 | - | - | - |
| Net Interest Income | - | 30 | 152 | 199 | 211 |
| Other Non Operating Income Expenses | - | -305 | -107 | -5 | 5 |
| Other Income Expense | - | -397 | -109 | -5 | 3 |
| Interest Income Non Operating | - | 30 | 152 | 199 | 211 |
| Interest Expense Non Operating | 14 | 2 | - | - | - |
| Net Non Operating Interest Income Expense | - | 30 | 152 | 199 | 211 |
| Pretax Income | - | -1,399 | -534 | 156 | 939 |
| Tax Provision | - | -31 | 31 | 39 | 7 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -2.04 | -0.42 | 0 | -0.01 |
| Net Income Continuous Operations | - | -1,368 | -565 | 117 | 932 |
| Net Income From Continuing And Discontinued Operation | - | -1,365 | -558 | 123 | 935 |
| Net Income From Continuing Operation Net Minority Interest | - | -1,365 | -558 | 123 | 935 |
| Net Income | - | -1,365 | -558 | 123 | 935 |
| Net Income Common Stockholders | - | -1,365 | -558 | 123 | 935 |
| Net Income Including Noncontrolling Interests | - | -1,368 | -565 | 117 | 932 |
| Normalized Income | - | -1,275.04 | -556.42 | 123 | 936.99 |
| Diluted NI Availto Com Stockholders | - | -1,365 | -558 | 123 | 935 |
| Basic Average Shares | 336.85 | 371.41 | 392.95 | 411.55 | - |
| Diluted Average Shares | 336.85 | 371.41 | 392.95 | 411.55 | - |
| Reconciled Depreciation | - | 369 | 509 | 561 | 747 |
| Reconciled Cost Of Revenue | - | 3,588 | 4,589 | 5,542 | 6,738 |
| Total Unusual Items | - | -92 | -2 | 0 | -2 |
| Total Unusual Items Excluding Goodwill | - | -92 | -2 | 0 | -2 |
| Minority Interests | - | 3 | 7 | 6 | 3 |
| Special Income Charges | - | -92 | -2 | 0 | -2 |
| Restructuring And Mergern Acquisition | - | 92 | 2 | 0 | 2 |
| Depreciation Amortization Depletion Income Statement | - | 369 | 509 | 561 | 747 |
| Depreciation And Amortization In Income Statement | - | 369 | 509 | 561 | 747 |
| General And Administrative Expense | - | 1,147 | 1,235 | 1,452 | 1,600 |
| Other Gand A | - | 1,147 | 1,235 | 1,452 | 1,600 |
| Total Other Finance Cost | 11 | -30 | -152 | - | - |
| Selling And Marketing Expense | - | 1,682 | 1,876 | 2,037 | 2,476 |
Consumer Cyclical sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| DoorDash, Inc.this co. | DASH | $69.7B | 74.59↑ premium | 6.95 | 9.3% | 46.64 |
| Royal Caribbean Cruises Ltd. | RCL | $78.7B | 18.43 | 7.84 | 42.5% | 14.10 |
| Hilton Worldwide Holdings Inc. | HLT | $77.0B | 52.83 | -14.29 | -27.0% | 31.08 |
| General Motors Company | GM | $75.0B | 23.60 | 1.23 | 5.2% | 9.69 |
| Ross Stores, Inc. | ROST | $74.8B |
| - |
| - |
| - |
| - |
| - |
| 34.85 |
| 12.08 |
| 34.7% |
| 22.24 |
| O'Reilly Automotive, Inc. | ORLY | $73.3B | 28.86 | - | -332.5% | 20.46 |
| Carvana Co. | CVNA | $72.6B | 51.60 | 21.10 | 40.9% | -689.03 |
| NIKE, Inc. | NKE | $64.6B | 20.07 | 4.89 | 24.4% | 15.11 |
| Ford Motor Company | F | $61.1B | -7.47 | 1.70 | -22.8% | 55.94 |
| Peer Median | - | 26.23 | 4.89 | 14.8% | 17.78 | |