DoorDash, Inc.

Listed Company

DASHCIK 0001792789NasdaqLarge AcceleratedServices-Business Services, NecDelawareFY ends Dec 31

Period

FY 2025

Revenue

$13.72B

Net Income

$935.00M

Total Assets

$19.66B

Equity

$10.03B

Shares Out

—

Op. Cash Flow

$2.43B

Business

DoorDash, Inc. operates an online local commerce platform that connects merchants, consumers, and independent courier Dashers to enable on‑demand delivery and fulfillment. It offers the DoorDash and Wolt Marketplaces, consumer memberships (DashPass and Wolt+), advertising, and a Commerce Platform with merchant tools and white‑label Drive delivery services. Key divisions are Marketplaces and a Commerce Platform (including Drive and merchant enablement offerings). It operates in over 30 countries, including the U.S., and distributes services through apps, websites, merchant integrations, and white‑label solutions.

Summary from filing dated 2025-02-14

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	Dec 31, 2025 2025-12-31	Dec 31, 2024 2024-12-31	Dec 31, 2023 2023-12-31
Revenue	13,717	10,722	8,635
Costs and expenses:	—	—	—
Cost of revenue, exclusive of depreciation and amortization shown separately below	6,738	5,542	4,589
Sales and marketing	2,476	2,037	1,876
Research and development	1,431	1,168	1,003
General and administrative	1,600	1,452	1,235
Depreciation and amortization	747	561	509
Restructuring charges	2	0	2
Total costs and expenses	12,994	10,760	9,214
Income (loss) from operations	723	−38	−579
Interest income, net	211	199	152
Other income (expense), net	5	−5	−107
Income (loss) before income taxes	939	156	−534
Provision for income taxes	7	39	31
Net income (loss) including redeemable non-controlling interests	932	117	−565
Less: net loss attributable to redeemable non-controlling interests	−3	−6	−7
Net income (loss) attributable to DoorDash, Inc. common stockholders	935	123	−558
Net income (loss) per share attributable to DoorDash, Inc. Class A and Class B common stockholders	—	—	—
Basic (in $ per share)	2.19	0.3	−1.42
Diluted (in $ per share)	2.13	0.29	−1.42
Weighted-average number of shares outstanding used to compute net income (loss) per share attributable to DoorDash, Inc. Class A and Class B common stockholders	—	—	—
Basic (in shares)	427	412	393
Diluted (in shares)	440	430	393

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	Dec 31, 2025 2025-12-31	Dec 31, 2024 2024-12-31
Assets	—	—
Current assets:	—	—
Cash and cash equivalents	4,378	4,019
Restricted cash	273	190
Short-term investments	1,128	1,322
Funds held at payment processors	587	436
Accounts receivable, net	1,108	732
Prepaid expenses and other current assets	1,169	687
Total current assets	8,643	7,386
Long-term investments	837	835
Operating lease right-of-use assets	437	389
Property and equipment, net	1,067	778
Intangible assets, net	2,260	510
Goodwill	5,519	2,315
Other assets	896	632
Total assets	19,659	12,845
Liabilities, Redeemable Non-controlling Interests and Stockholders' Equity	—	—
Current liabilities:	—	—
Accounts payable	397	321
Operating lease liabilities	105	68
Accrued expenses and other current liabilities	5,645	4,049
Total current liabilities	6,147	4,438
Operating lease liabilities	461	468
Convertible notes, net	2,724	0
Other liabilities	281	129
Total liabilities	9,613	5,035
Commitments and contingencies (Note 10)	—	—
Redeemable non-controlling interests	13	7
Stockholders’ equity:	—	—
Common stock, par value, Class A, Class B and Class C shares authorized, issued and outstanding	0	0
Additional paid-in capital	14,092	13,165
Accumulated other comprehensive income (loss)	261	−107
Accumulated deficit	−4,320	−5,255
Total stockholders’ equity	10,033	7,803
Total liabilities, redeemable non-controlling interests and stockholders’ equity	19,659	12,845

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	Dec 31, 2025 2025-12-31	Dec 31, 2024 2024-12-31	Dec 31, 2023 2023-12-31
Cash flows from operating activities	—	—	—
Net income (loss) including redeemable non-controlling interests	932	117	−565
Adjustments to reconcile net income (loss) to net cash provided by operating activities:	—	—	—
Depreciation and amortization	747	561	509
Stock-based compensation	1,051	1,099	1,088
Reduction of operating lease right-of-use assets and accretion of operating lease liabilities	118	103	108
Amortization of deferred contract costs	77	60	45
Office lease impairment expenses	11	83	0
Adjustments to non-marketable equity securities, including impairment, net	−17	4	101
Other	37	−31	−30
Changes in assets and liabilities, net of assets acquired and liabilities assumed from acquisitions:	—	—	—
Funds held at payment processors	113	87	−86
Accounts receivable, net	359	222	141
Prepaid expenses and other current assets	247	146	105
Other assets	240	279	96
Accounts payable	54	82	70
Accrued expenses and other current liabilities	577	943	702
Payments for operating lease liabilities	125	116	113
Other liabilities	−72	−39	14
Net cash provided by operating activities	2,431	2,132	1,673
Cash flows from investing activities	—	—	—
Purchases of property and equipment	257	104	123
Capitalized software and website development costs	348	226	201
Purchases of investments	1,376	1,951	1,946
Maturities of investments	1,379	1,774	1,940
Sales of investments	433	70	7
Purchases of non-marketable investments	47	0	17
Acquisitions, net of cash acquired	4,151	0	0
Settlement of deal-contingent forward contract	24	0	0
Other investing activities	0	7	2
Net cash used in investing activities	−4,391	−444	−342
Cash flows from financing activities	—	—	—
Proceeds from issuance of convertible notes, net of issuance costs	2,720	0	0
Proceeds from issuance of warrants	341	0	0
Purchase of convertible note hedges	680	0	0
Proceeds from exercise of stock options	9	14	6
Repurchase of common stock	0	224	750
Payments of acquisition-related deferred cash consideration	20	0	0
Other financing activities	−10	6	−8
Net cash provided by (used in) financing activities	2,360	−204	−752
Foreign currency effect on cash and cash equivalents, and restricted cash and cash equivalents	60	−35	5
Net increase in cash and cash equivalents, and restricted cash and cash equivalents	460	1,449	584
End of period	—	—	—
End of period	—	—	—

Filings

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