Company file · DASH

DoorDash

DoorDash's revenue rose 27.9% in FY2025, to $13.7B, and net income rose 660.2% to $935M

Revenue rose 27.9% to $13.7B in FY2025, from $10.7B in FY2024. Net income rose 660.2% to $935M. United States was the largest region, at 84% of revenue.

Prepared from SEC filings · Latest annual report: 10-K for FY2025 (filed Feb 18, 2026) · Latest quarter: 10-Q for the quarter ended Jun 30, 2026 (filed Aug 5, 2026) · Data pulled Oct 30, 2026

Key facts

DoorDash (Nasdaq: DASH) reported revenue of $13.7B for fiscal 2025, the year ended Dec 31, 2025, up 27.9% from fiscal 2024. Net income was $935M, up 660.2%. In its latest 10-Q, for the quarter ended Jun 30, 2026, revenue was $4.5B, up 35.6% from the same quarter a year earlier, and net income was $200M. The largest piece by region was United States, at 84% of fiscal 2025 revenue. Sources: 10-K for fiscal 2025 (filed Feb 18, 2026) and 10-Q for the quarter ended Jun 30, 2026 (filed Aug 5, 2026).

Revenue$13.7BFY2025 · +27.9% vs FY2024

Net income$935MFY2025 · +660.2% vs FY2024

Operating cash flow$2.4BFY2025 · +14.0% vs FY2024

Cash & equivalents$4.4Bat Jun 30, 2026 · +1.1% vs FY2025 end

Diluted shares440MFY2025 avg · +2.2% vs FY2024

Revenue and net income, three fiscal yearsBy fiscal year, $bn

RevenueNet income

Source: 10-K FY2025, filed Feb 18, 2026

Quarterly revenue: fiscal 2026 vs a year earlierFiscal Q1–Q2, $bn (each quarter from that quarter's 10-Q)

FY2025FY2026

Source: 10-Q filed May 6, 2026 · 10-Q filed Aug 5, 2026

How it makes money

By region, FY2025

LineAmountSharevs FY2024
United States$11.5B84%+21.9%
Non-US$2.3B16%+71.1%

Source: 10-K FY2025, XBRL breakdown

By region in FY2025: United States (84%) and Non-US (16%), as shares of total revenue. Total revenue was $13.7B.

By region: three-year mixShare of the total each fiscal year

FY2023

90%10%

FY2024

88%12%

FY2025

84%16%

United StatesNon-US

Source: 10-K FY2025

Learn more: Revenue vs. net income · Gross, operating and net margin

What changed last quarter

How the quarter compared with a year earlier

Comparing Q2 2026 (Apr to Jun 2026) compared with Q2 2025 (Apr to Jun 2025)

Each pair of bars shows the dollar amount for both quarters. Longer bar, more money. Bars in a group share one scale.

Q2 2026Q2 2025

Company

Revenue

$4.5B Q2 2026

$3.3B Q2 2025

35.6% increase

Net income

$200M Q2 2026

$285M Q2 2025

29.8% decrease

Source: DoorDash 10-Q for the quarter ended Jun 30, 2026, filed Aug 5, 2026

By region

United States

$3.5B Q2 2026

$2.8B Q2 2025

22.2% increase

Non-US

$997M Q2 2026

$455M Q2 2025

119.1% increase

Source: DoorDash 10-Q for the quarter ended Jun 30, 2026, filed Aug 5, 2026

Cash & equivalents $4.4B at Jun 30, 2026, vs $4.4B at FY2025 end.
Operating cash flow, first 6 months of fiscal 2026: $1.5B vs $1.1B a year earlier.

The bull case and the bear case

The bull case

Revenue rose 27.9% in FY2025 to $13.7B, from $10.7B a year earlier. 10-K, FY2025
Net income rose 660.2% in FY2025 to $935M, from $123M. 10-K, FY2025
Operating cash flow rose 14.0% in FY2025 to $2.4B. 10-K, FY2025
Revenue in the quarter ended Jun 30, 2026 was $4.5B, up 35.6% on a year earlier. 10-Q, quarter ended Jun 30, 2026

The bear case

Diluted shares rose 2.2% in FY2025, which spreads profit across more shares. 10-K, FY2025
Net income in the quarter ended Jun 30, 2026 was $200M, down 29.8% on a year earlier. 10-Q, quarter ended Jun 30, 2026
The company's own risk factors are in Item 1A of its 10-K. Risks common in this industry include consumer spending; competition; costs. 10-K, Item 1A

What optimists and skeptics tend to point to, each tied to a filing. Ticker Sage doesn't pick a side, and neither list is a reason to buy or sell.

What the company does

DoorDash is in the specialized consumer services industry, part of the consumer discretionary sector. The SEC files it under Services-Business Services, Nec.

The full description of DoorDash's business is in Item 1 of its 10-K, linked below. This page shows its revenue by region.

Its fiscal year ends in December; the latest, FY2025, ended Dec 31, 2025.

Source: 10-K, Item 1 Business

Risks common in this industry

These are general risks for companies in the specialized consumer services industry. They are not a summary of DoorDash’s own risk factors; for those, read Item 1A of its latest 10-K, linked below.

Consumer spendingShoppers cut back on non-essentials when budgets are tight.
CompetitionRivals, online sellers and changing tastes pressure prices and traffic.
CostsWages, freight and product costs can squeeze margins.
Supply chain and tariffsImported goods make it sensitive to trade policy and shipping disruptions.
Brand and reputationProduct problems or public criticism can hurt demand.

Source: 10-K, Item 1A Risk Factors (the company's own list, in the company's words)

Three years of key numbers

Every number links to its filing; hover for the XBRL tag. A dash means the number isn't cleanly available, and we don't estimate it.

US$	FY2023	FY2024	FY2025
Revenue	$8.6B	$10.7B	$13.7B
Net income	−$558M	$123M	$935M
Operating cash flow	$1.7B	$2.1B	$2.4B
Cash & equivalents (year end)	$2.7B	$4.0B	$4.4B
Diluted shares	393M	430M	440M

Revenue: Total revenue for the fiscal year, as the company reports it on its income statement.
Net income: Net income attributable to the company's shareholders, after all costs, interest and taxes.
Operating cash flow: Cash the business brought in from its day-to-day operations during the year (cash flow statement).
Cash & equivalents: Cash and short-term investments that count as cash equivalents on the balance sheet. Excludes longer-dated marketable securities.
Diluted shares: Weighted average shares outstanding for the year, including the effect of options and stock awards.

Learn more: How to read an income statement · Earnings per share, basic and diluted · Free cash flow · How to read a balance sheet · Growth rate calculator · P/E calculator

About these numbers

What we left out

Total debt: the company's filing data doesn't carry a consistent debt total for the years shown, so it isn't shown.

Recent filings

Form	Filed	Period
10-Q	Aug 5, 2026	Jun 30, 2026
10-Q	May 6, 2026	Mar 31, 2026
DEF 14A	Apr 20, 2026	Jun 10, 2026
10-K	Feb 18, 2026	Dec 31, 2025

Learn more: 10-K vs. 10-Q vs. 8-K · Form 4 insider filings · Fiscal years and quarters

Common questions about DoorDash

How does DoorDash make money?

DoorDash's revenue was $13.7B in fiscal 2025. By region in FY2025: United States (84%) and Non-US (16%), as shares of total revenue. Total revenue was $13.7B. Source: 10-K for fiscal 2025, filed Feb 18, 2026.

What was DoorDash's revenue in fiscal 2025?

$13.7B of revenue for the fiscal year ended Dec 31, 2025, up 27.9% from $10.7B in fiscal 2024. Fiscal 2023 was $8.6B. Source: 10-K for fiscal 2025, filed Feb 18, 2026.

Is DoorDash profitable?

DoorDash reported net income of $935M for fiscal 2025, up 660.2% from $123M in fiscal 2024. That is a profit under US accounting rules (GAAP). In the quarter ended Jun 30, 2026, net income was $200M. The page's About these numbers section explains what is included. Source: 10-K for fiscal 2025, filed Feb 18, 2026.

What did DoorDash report in its latest quarterly filing?

Revenue was $4.5B in the quarter ended Jun 30, 2026, up 35.6% from $3.3B a year earlier. Net income was $200M, down 29.8% from $285M. Source: 10-Q for the quarter ended Jun 30, 2026, filed Aug 5, 2026.

What are the main risks DoorDash faces?

DoorDash's own risk factors are in Item 1A of its 10-K for fiscal 2025, filed Feb 18, 2026. Risks that are common among companies in the specialized consumer services industry include Consumer spending; competition; costs; supply chain and tariffs; brand and reputation. The first: Shoppers cut back on non-essentials when budgets are tight. Source: 10-K, Item 1A Risk Factors.

Where do these DoorDash numbers come from?

From DoorDash's own SEC filings: the 10-K for fiscal 2025 (filed Feb 18, 2026) and the 10-Q for the quarter ended Jun 30, 2026 (filed Aug 5, 2026), read through the SEC's public XBRL data. Each number on this page links to its filing. Methodology explains how fiscal years and missing numbers are handled.

Disclosures

Editor holdings in DASH: The editor holds no position in DoorDash (DASH). As of Oct 25, 2026.
Trading rule: The editor does not buy or sell DASH from 3 days before to 3 days after this page is published or substantively updated.
Compensation: Nobody paid for this page. No affiliate links on this page.
Sources: The company's SEC filings, linked next to each number or, for charts, in the source line under them.
Last updated: Oct 30, 2026

General education, the same for every reader. Not a recommendation to buy, sell or hold DASH, and it doesn't consider your situation.

Compare with peers

Company	Fiscal year	Revenue	Revenue growth	Net income
DoorDashDASH	FY2025	$13.7B	+27.9%	$935M
AmazonAMZN	FY2025	$716.9B	+12.4%	$77.7B
TeslaTSLA	FY2025	$94.8B	−2.9%	$3.8B
Home DepotHD	FY2025	$164.7B	+3.2%	$14.2B

Each row is that company’s latest fiscal year from its own 10-K, using its own revenue and net income lines. Fiscal years end in different months, and line definitions differ (banks, insurers and oil companies count revenue differently), so this is a rough side-by-side, not a like-for-like comparison.

More company files

New to filings? Learn has plain-English explainers and Tools has calculators. Methodology & Disclosures covers where every number comes from.