DASHDoorDash

Consumer discretionary · Business Services · Nasdaq

Our mission is to grow and empower local economies. 10-K, Item 1

Employees: 31,400
Headquarters: San Francisco, CA
CEO: Tony Xu
Next results: around Feb 17, 2027

All key numbers (36, from the latest 10-K and 10-Q) From EDGAR

EPS (ttm)	2.41	Sales (ttm)	17.1B	Net income (ttm)	1.1B	Sales growth	+27.9%	EPS growth	+634%	Sales Q/Q	+34.0%
Free cash flow	2.7B	Gross margin	-	Oper. margin	5.3%	Net margin	6.2%	FCF margin	15.8%	ROE	9.9%
ROA	5.2%	R&D / sales	10.4%	Dividend	-	Debt/Eq	-	Curr. ratio	1.46	Cash	5.1B
Op. cash flow (ttm)	3.0B	EBITDA	1.5B	EBITDA margin	10.7%	Quick ratio	1.46	ROIC	6.7%	Tax rate	0.7%
Stock pay / sales	7.7%	Shares out.	440.3M	Shares Y/Y	+2.2%	Book / share	24.34	Cash / share	11.48	Sales / share	38.75
Asset turnover	0.83	Days sales out.	29	Sales 3Y CAGR	+27.7%	Sales 5Y CAGR	+36.6%	Employees	31,400	Sales / employee	543K

Hover or tap a number to see the XBRL line item and filing it comes from; click it to open that filing at SEC. What each number means. Looks wrong? Tell us.

Changes in the numbers

FY2025 against FY2024

Operating margin widened to 5.3%-0.4% → 5.3% · Operating income / revenue · 10-K ↗

What management wrote about it → · Every company →

DASH against Consumer discretionary peers

Ten years, side by side → · All 47 →

DASHPeer median

Each side 0 to 100, ranked against every company we cover: relative position on reported figures, not a buy score. How

Every dot is one of the 47 companies, the better end on the right. Hover a dot for the company.

Sales growth

+27.9%2nd of 47 · median +5.4%

Net margin

6.2%35th of 47 · median 10.8%

Return on equity

9.9%28th of 34 · median 32.5%

Free cash flow margin

15.8%12th of 45 · median 9.4%

DASH and the 5 peers closest in revenue
Company	Revenue (ttm)	Sales growth	Gross margin	Net margin	ROE	FCF margin	Debt / equity
DASH DoorDash	$17.1B	+27.9%	-	6.2%	9.9%	15.8%	-
ORLY O'Reilly Automotive	$19.0B	+6.4%	51.8%	14.3%	-	11.1%	-
MGM MGM Resorts	$17.7B	+1.7%	-	3.9%	27.7%	7.9%	2.26
EXPE Expedia Group	$16.2B	+7.6%	-	13.0%	127.5%	23.1%	3.31
PHM PulteGroup	$16.0B	-3.5%	-	11.2%	13.7%	8.1%	0.00
TSCO Tractor Supply	$15.9B	+4.3%	36.2%	6.1%	36.7%	1.8%	0.84

Profitability

0 of 3

!
Net margin below the peer median6.2% vs 10.8%
!
Return on equity below 15%9.9%
!
A profit in 2 of 8 years

Net margin, FY2018 to FY2025: -70.1% → 6.8%

Cash and shareholders

1 of 3

!
Free cash flow positive in 6 of 8 years$2.2B last year
!
Share count up over 5 years+604.7%
✓
Cash from operations above net income$2.4B vs $935.0M

Free cash flow, FY2018 to FY2025: -172.0M → 2.2B

Each tick is a fact with a fixed rule (on /methodology), not a score or advice. A check without the numbers it needs is left out.

Revenue and net income, FY2018 to FY2025

Revenue 13.7B Net income 935.0M

From XBRL in each 10-K. Hover a bar for the line item and filing. Full financials →

Where the $13.7B of revenue came from

by region, year to Dec 31, 2025

United States $11.5B · 84%
International $2.3B · 16%

From the segment tables in the 10-K XBRL. Revenue by segment, product and region →

DASH's income statement, balance sheet and cash flow as reported to the SEC in XBRL, one column per fiscal year. Hover a number to see the line item and filing it comes from. Where a company changed how it tags a line, the first tag it reported for that period is used. A number looks wrong? Tell us.

Annual Quarterly

Revenue13.7B

Net income935.0M

Free cash flow2.2B

EPS (diluted)2.13

Diluted shares439.7M

Revenue by region

year to Dec 31, 2025

	Revenue	Share	vs year before
United States	11.5B	83.5%	+21.9%
International	2.3B	16.5%	+71.1%

10-K 0001792789-26-000013, segment and revenue notes (XBRL).

Income statement

From EDGAR

	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	291.0M	885.0M	2.9B	4.9B	6.6B	8.6B	10.7B	13.7B
R&D	51.0M	107.0M	321.0M	430.0M	829.0M	1.0B	1.2B	1.4B
SG&A	78.0M	245.0M	556.0M	797.0M	1.1B	1.2B	1.5B	1.6B
Operating income	-210.0M	-616.0M	-436.0M	-452.0M	-1.1B	-579.0M	-38.0M	723.0M
Interest expense	1.0M	0	32.0M	14.0M	2.0M	0	-	-
Pretax income	-204.0M	-666.0M	-458.0M	-463.0M	-1.4B	-534.0M	156.0M	939.0M
Income tax	0	1.0M	3.0M	5.0M	-31.0M	31.0M	39.0M	7.0M
Net income	-204.0M	-667.0M	-461.0M	-468.0M	-1.4B	-558.0M	123.0M	935.0M
EPS (diluted)	-4.67	-15.44	-7.39	-1.39	-3.68	-1.42	0.29	2.13
Diluted shares	-	43.3M	62.4M	336.8M	371.4M	392.9M	430.2M	439.7M
Depreciation & amortization	9.0M	32.0M	120.0M	156.0M	369.0M	509.0M	561.0M	747.0M
EBITDA	-201.0M	-584.0M	-316.0M	-296.0M	-755.0M	-70.0M	523.0M	1.5B
Operating margin	-72.2%	-69.6%	-15.1%	-9.2%	-17.1%	-6.7%	-0.4%	5.3%
Net margin	-70.1%	-75.4%	-16.0%	-9.6%	-20.7%	-6.5%	1.1%	6.8%
Revenue growth	-	+204%	+226%	+69.4%	+34.7%	+31.2%	+24.2%	+27.9%
EPS growth	-	-	-	-	-	-	-	+634%

Balance sheet

From EDGAR

	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash	215.0M	257.0M	4.3B	2.5B	2.0B	2.7B	4.0B	4.4B
Short-term investments	-	508.0M	514.0M	1.3B	1.5B	1.4B	1.3B	1.1B
Receivables	-	58.0M	291.0M	349.0M	400.0M	533.0M	732.0M	1.1B
Current assets	-	998.0M	5.5B	4.6B	4.7B	5.6B	7.4B	8.6B
Goodwill	0	306.0M	316.0M	316.0M	2.4B	2.4B	2.3B	5.5B
Total assets	-	1.7B	6.4B	6.8B	9.8B	10.8B	12.8B	19.7B
Accounts payable	-	20.0M	80.0M	161.0M	157.0M	216.0M	321.0M	397.0M
Current liabilities	-	382.0M	1.4B	1.8B	2.5B	3.4B	4.4B	6.1B
Total liabilities	-	550.0M	1.7B	2.1B	3.0B	4.0B	5.0B	9.6B
Shareholders' equity	-436.0M	-1.1B	4.7B	4.7B	6.8B	6.8B	7.8B	10.0B
Retained earnings	-	-1.2B	-1.6B	-2.1B	-3.8B	-5.2B	-5.3B	-4.3B

Cash flow

From EDGAR

	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Operating cash flow	-159.0M	-467.0M	252.0M	692.0M	367.0M	1.7B	2.1B	2.4B
Capital spending	13.0M	78.0M	106.0M	129.0M	176.0M	123.0M	104.0M	257.0M
Free cash flow	-172.0M	-545.0M	146.0M	563.0M	191.0M	1.6B	2.0B	2.2B
Stock-based pay (added back)	24.0M	18.0M	322.0M	486.0M	889.0M	1.1B	1.1B	1.1B
Buybacks	60.0M	0	0	0	400.0M	750.0M	224.0M	0
Acquisitions	0	315.0M	28.0M	0	-71.0M	0	0	4.2B
Debt raised	-	-	-	-	-	0	0	2.7B
Investing cash flow	-357.0M	-570.0M	-192.0M	-2.0B	-300.0M	-342.0M	-444.0M	-4.4B
Financing cash flow	666.0M	1.1B	4.0B	-483.0M	-375.0M	-752.0M	-204.0M	2.4B

Stock-based pay and leases

From EDGAR

	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Stock-based pay (expense)	24.0M	18.0M	322.0M	486.0M	889.0M	1.1B	1.1B	1.1B
Stock-based pay / revenue	8.2%	2.0%	11.2%	9.9%	13.5%	12.6%	10.2%	7.7%
Operating lease cost	-	22.0M	40.0M	52.0M	81.0M	108.0M	103.0M	118.0M
Operating lease cash paid	0	3.0M	26.0M	44.0M	75.0M	113.0M	116.0M	125.0M
Right-of-use assets	-	166.0M	203.0M	336.0M	436.0M	436.0M	389.0M	437.0M
Operating lease liabilities	-	184.0M	253.0M	399.0M	511.0M	522.0M	536.0M	566.0M

From SEC's XBRL company facts (data.sec.gov). EBITDA = operating income + depreciation and amortization; free cash flow = operating cash flow - capital spending; total debt = long-term debt (with its current part) + short-term borrowings. Stock-based pay and leases are shown as the company reports them; Tickdelta does not take them out of earnings or add leases to debt. Click a number to open the filing in SEC's Inline XBRL viewer, where you can click the same number to see how it is tagged. Values a company later revised show as revised; the Revised numbers tab lists the changes.

Work on DASH in a spreadsheet: Excel workbook (a sheet per section, ten years by column, charts, links to the filings) · CSV. For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/DASH/export.csv") into a cell.