D

DOORDASH, INC.

DASH · CIK 0001792789

8 fiscal years · 0 SEC filings · every number carries its receipt

Revenue (FY)
$13.72B27.9%
FY2025
Net income (FY)
$935.0M660.2%
FY2025
Free cash flow (FY)
$2.17B7.2%
FY2025
Diluted EPS (FY)
$2.13634.5%
FY2025
The story, charted

The shape of the business

FY2018–FY2025 · hover any year for its receipt
Revenue & net incomeRevenueNet income
$0$5B$10BFY2018 · Revenue $291.0M · Net income −$204.0M · 0001628280-21-004032 · filed 2021-03-05FY18Revenue $291.0MNet income −$204.0M0001628280-21-004032 · filed 2021-03-05FY2019 · Revenue $885.0M · Net income −$667.0M · 0001628280-22-004350 · filed 2022-03-01FY19Revenue $885.0MNet income −$667.0M0001628280-22-004350 · filed 2022-03-01FY2020 · Revenue $2.89B · Net income −$461.0M · 0001628280-23-005131 · filed 2023-02-27FY20Revenue $2.89BNet income −$461.0M0001628280-23-005131 · filed 2023-02-27FY2021 · Revenue $4.89B · Net income −$468.0M · 0001628280-24-005600 · filed 2024-02-20FY21Revenue $4.89BNet income −$468.0M0001628280-24-005600 · filed 2024-02-20FY2022 · Revenue $6.58B · Net income −$1.36B · 0001628280-25-005715 · filed 2025-02-14FY22Revenue $6.58BNet income −$1.36B0001628280-25-005715 · filed 2025-02-14FY2023 · Revenue $8.63B · Net income −$558.0M · 0001792789-26-000013 · filed 2026-02-18FY23Revenue $8.63BNet income −$558.0M0001792789-26-000013 · filed 2026-02-18FY2024 · Revenue $10.72B · Net income $123.0M · 0001792789-26-000013 · filed 2026-02-18FY24Revenue $10.72BNet income $123.0M0001792789-26-000013 · filed 2026-02-18FY2025 · Revenue $13.72B · Net income $935.0M · 0001792789-26-000013 · filed 2026-02-18FY25Revenue $13.72BNet income $935.0M0001792789-26-000013 · filed 2026-02-18FY25Revenue $13.72BNet income $935.0M0001792789-26-000013 · filed 2026-02-18FY18FY19FY20FY21FY22FY23FY24FY25

revenue 47.1× since FY2018 · net margin -70.1% → 6.8%

MarginsNet marginFCF margin
-50%0%FY2018 · Net margin -70.1% · FCF margin -59.1%FY18Net margin -70.1%FCF margin -59.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2019 · Net margin -75.4% · FCF margin -61.6%FY19Net margin -75.4%FCF margin -61.6%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2020 · Net margin -16.0% · FCF margin 5.1%FY20Net margin -16.0%FCF margin 5.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2021 · Net margin -9.6% · FCF margin 11.5%FY21Net margin -9.6%FCF margin 11.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2022 · Net margin -20.7% · FCF margin 2.9%FY22Net margin -20.7%FCF margin 2.9%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2023 · Net margin -6.5% · FCF margin 18.0%FY23Net margin -6.5%FCF margin 18.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2024 · Net margin 1.1% · FCF margin 18.9%FY24Net margin 1.1%FCF margin 18.9%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2025 · Net margin 6.8% · FCF margin 15.8%FY25Net margin 6.8%FCF margin 15.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY25Net margin 6.8%FCF margin 15.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenue’19’21’23’25

FY2025: net 6.8% · free cash flow 15.8% of revenue

Cash engineOperating cash flowFree cash flow
$0$1B$2BFY2018 · OCF −$159.0M · FCF −$172.0M · 0001628280-21-004032 · filed 2021-03-05FY18OCF −$159.0MFCF −$172.0M0001628280-21-004032 · filed 2021-03-05FY2019 · OCF −$467.0M · FCF −$545.0M · 0001628280-22-004350 · filed 2022-03-01FY19OCF −$467.0MFCF −$545.0M0001628280-22-004350 · filed 2022-03-01FY2020 · OCF $252.0M · FCF $146.0M · 0001628280-23-005131 · filed 2023-02-27FY20OCF $252.0MFCF $146.0M0001628280-23-005131 · filed 2023-02-27FY2021 · OCF $692.0M · FCF $563.0M · 0001628280-24-005600 · filed 2024-02-20FY21OCF $692.0MFCF $563.0M0001628280-24-005600 · filed 2024-02-20FY2022 · OCF $367.0M · FCF $191.0M · 0001628280-25-005715 · filed 2025-02-14FY22OCF $367.0MFCF $191.0M0001628280-25-005715 · filed 2025-02-14FY2023 · OCF $1.67B · FCF $1.55B · 0001792789-26-000013 · filed 2026-02-18FY23OCF $1.67BFCF $1.55B0001792789-26-000013 · filed 2026-02-18FY2024 · OCF $2.13B · FCF $2.03B · 0001792789-26-000013 · filed 2026-02-18FY24OCF $2.13BFCF $2.03B0001792789-26-000013 · filed 2026-02-18FY2025 · OCF $2.43B · FCF $2.17B · 0001792789-26-000013 · filed 2026-02-18FY25OCF $2.43BFCF $2.17B0001792789-26-000013 · filed 2026-02-18FY25OCF $2.43BFCF $2.17B0001792789-26-000013 · filed 2026-02-18’19’21’23’25

FY2025: $2.43B operating cash − $257.0M capex = $2.17B free cash flow

Returns on capitalReturn on equityReturn on assets
0%50%FY2019 · ROE 61.6% · ROA -38.5%FY19ROE 61.6%ROA -38.5%derived: net income ÷ equity · derived: net income ÷ assetsFY2020 · ROE -9.8% · ROA -7.3%FY20ROE -9.8%ROA -7.3%derived: net income ÷ equity · derived: net income ÷ assetsFY2021 · ROE -10.0% · ROA -6.9%FY21ROE -10.0%ROA -6.9%derived: net income ÷ equity · derived: net income ÷ assetsFY2022 · ROE -20.2% · ROA -13.9%FY22ROE -20.2%ROA -13.9%derived: net income ÷ equity · derived: net income ÷ assetsFY2023 · ROE -8.2% · ROA -5.1%FY23ROE -8.2%ROA -5.1%derived: net income ÷ equity · derived: net income ÷ assetsFY2024 · ROE 1.6% · ROA 1.0%FY24ROE 1.6%ROA 1.0%derived: net income ÷ equity · derived: net income ÷ assetsFY2025 · ROE 9.3% · ROA 4.8%FY25ROE 9.3%ROA 4.8%derived: net income ÷ equity · derived: net income ÷ assetsFY25ROE 9.3%ROA 4.8%derived: net income ÷ equity · derived: net income ÷ assets’19’21’23’25

return on equity 62% (FY2019) → 9% (FY2025) · on assets 4.8%

Balance sheetLiabilitiesEquity
$0$10B$20BFY2019 · Liabilities $550.0M · Equity −$1.08BFY19Liabilities $550.0MEquity −$1.08B0001628280-21-004032 · filed 2021-03-05FY2020 · Liabilities $1.65B · Equity $4.70BFY20Liabilities $1.65BEquity $4.70B0001628280-22-004350 · filed 2022-03-01FY2021 · Liabilities $2.14B · Equity $4.67BFY21Liabilities $2.14BEquity $4.67B0001628280-23-005131 · filed 2023-02-27FY2022 · Liabilities $3.02B · Equity $6.75BFY22Liabilities $3.02BEquity $6.75B0001628280-24-005600 · filed 2024-02-20FY2023 · Liabilities $4.03B · Equity $6.81BFY23Liabilities $4.03BEquity $6.81B0001628280-25-005715 · filed 2025-02-14FY2024 · Liabilities $5.04B · Equity $7.80BFY24Liabilities $5.04BEquity $7.80B0001792789-26-000013 · filed 2026-02-18FY2025 · Liabilities $9.61B · Equity $10.03BFY25Liabilities $9.61BEquity $10.03B0001792789-26-000013 · filed 2026-02-18FY25Liabilities $9.61BEquity $10.03B0001792789-26-000013 · filed 2026-02-18’19’21’23’25

FY2025: $19.66B assets · $9.61B liabilities · $10.03B equity

The receipts