DoorDash, Inc. Class A Common Stock
NASDAQ: DASH · CONSUMER CYCLICAL · INTERNET RETAIL
Updated 2026-06-05
DoorDash, Inc. Class A Common Stock (DASH) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $291.00M | $885.00M | $2.89B | $4.89B | $6.58B | $8.63B | $10.72B | $13.72B |
| Revenue growth (YoY) | — | +204.1% | +226.1% | +69.4% | +34.7% | +31.2% | +24.2% | +27.9% |
| Cost of revenue | $228.00M | $523.00M | $1.37B | $2.34B | $3.59B | $4.59B | $5.54B | $6.74B |
| Gross profit | $63.00M | $362.00M | $1.52B | $2.55B | $3.00B | $4.05B | $5.18B | $6.98B |
| Gross margin | 21.6% | 40.9% | 52.6% | 52.2% | 45.5% | 46.9% | 48.3% | 50.9% |
| R&D | $51.00M | $107.00M | $321.00M | $430.00M | $829.00M | $1.00B | $1.17B | $1.43B |
| SG&A | $78.00M | $245.00M | $556.00M | $797.00M | $1.15B | $1.24B | $1.45B | $1.60B |
| Operating income | $-210.00M | $-616.00M | $-436.00M | $-452.00M | $-1.12B | $-579.00M | $-38.00M | $723.00M |
| Operating margin | -72.2% | -69.6% | -15.1% | -9.2% | -17.1% | -6.7% | -0.4% | 5.3% |
| EBITDA | $-194.00M | $-634.00M | $-306.00M | $-296.00M | $-663.00M | $-68.00M | $523.00M | $1.69B |
| EBITDA margin | -66.7% | -71.6% | -10.6% | -6.1% | -10.1% | -0.8% | 4.9% | 12.3% |
| EBIT | $-203.00M | $-666.00M | $-426.00M | $-452.00M | $-1.03B | $-577.00M | $-38.00M | $942.00M |
| Interest expense | $1.00M | $18.00M | $32.00M | $14.00M | $2.00M | $152.00M | — | — |
| Income tax | $7.00M | $1.00M | $3.00M | $5.00M | $-31.00M | $31.00M | $39.00M | $4.00M |
| Effective tax rate | -3.6% | -0.2% | -0.7% | -1.1% | 2.2% | -5.9% | 24.1% | 0.4% |
| Net income | $-204.00M | $-667.00M | $-461.00M | $-468.00M | $-1.36B | $-558.00M | $123.00M | $935.00M |
| Net income growth (YoY) | — | -227.0% | +30.9% | -1.5% | -191.7% | +59.1% | +122.0% | +660.2% |
| Profit margin | -70.1% | -75.4% | -16.0% | -9.6% | -20.7% | -6.5% | 1.1% | 6.8% |
Frequently asked questions
What is DoorDash, Inc. Class A Common Stock's revenue?
DoorDash, Inc. Class A Common Stock's trailing twelve-month revenue is $14.72B, and consensus projects about $37.86B by 2030. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is DASH?
In its most recent fiscal year, DASH ran a gross margin of 50.88%, an operating margin of 5.27%, and a net margin of 6.82%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does DASH generate?
DASH produced $2.17B in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is DASH's balance sheet healthy?
DASH holds $4.38B in cash and equivalents against $2.72B in long-term debt, on $10.03B of shareholder equity. Cash on hand exceeds long-term debt, so the balance sheet adds little financial risk to the thesis.