DASH (DoorDash, Inc.) Stock Financials & Earnings | Market Cap Arena

DASH (DoorDash, Inc.) Stock Financials & Earnings | Market Cap Arena

DASHDoorDash, Inc.

Mkt Cap$74B

Communication Services·Internet Content & Information·🇺🇸 United States·NASDAQ

Revenue (TTM)$13.7B

Net Income (TTM)$935M

EPS (TTM)$2.12

Free Cash Flow (TTM)$1.8B

Gross Margin50.9%

Op. Margin5.3%

Net Margin6.8%

FCF Margin13.3%

P/S Ratio (TTM)5.4x

P/E Ratio (TTM)79.6x

YoY Rev Growth+27.9%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$2.0B	$966M	-$171M
Q2 23	$2.1B	$998M	-$211M
Q3 23	$2.2B	$1.0B	-$108M
Q4 23	$2.3B	$1.1B	-$89M
Q1 24	$2.5B	$1.2B	-$61M
Q2 24	$2.6B	$1.2B	-$201M
Q3 24	$2.7B	$1.3B	$107M
Q4 24	$2.9B	$1.4B	$117M
Q1 25	$3.0B	$1.5B	$155M
Q2 25	$3.3B	$1.7B	$163M
Q3 25	$3.4B	$1.8B	$258M
Q4 25	$4.0B	$2.0B	$147M

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q1 23	10.4x	—
Q2 23	9.7x	—
Q3 23	9.1x	—
Q4 23	8.6x	—
Q1 24	8.2x	—
Q2 24	7.7x	—
Q3 24	7.3x	—
Q4 24	6.9x	605.3x
Q1 25	6.6x	219.6x
Q2 25	6.3x	95.3x
Q3 25	5.9x	86.3x
Q4 25	5.4x	79.6x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	$397M	$316M
Q2 23	$393M	$311M
Q3 23	$398M	$324M
Q4 23	$485M	$398M
Q1 24	$553M	$487M
Q2 24	$530M	$451M
Q3 24	$531M	$444M
Q4 24	$518M	$420M
Q1 25	$635M	$494M
Q2 25	$504M	$355M
Q3 25	$871M	$723M
Q4 25	$421M	$254M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$81M
Q2 23	$82M
Q3 23	$74M
Q4 23	$87M
Q1 24	$66M
Q2 24	$79M
Q3 24	$87M
Q4 24	$98M
Q1 25	$141M
Q2 25	$149M
Q3 25	$148M
Q4 25	$167M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+39.8%	+35.4%
Q2 23	+32.6%	+24.6%
Q3 23	+27.2%	+13.1%
Q4 23	+26.7%	+9.3%
Q1 24	+23.5%	+16.7%
Q2 24	+23.3%	+20.8%
Q3 24	+25.0%	+14.4%
Q4 24	+24.8%	+15.2%
Q1 25	+20.7%	+11.8%
Q2 25	+24.9%	+10.2%
Q3 25	+27.3%	+22.7%
Q4 25	+37.7%	+38.2%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$230M	11.3%
Q2 23	$311M	14.6%
Q3 23	$278M	12.8%
Q4 23	$269M	11.7%
Q1 24	$252M	10.0%
Q2 24	$302M	11.5%
Q3 24	$274M	10.1%
Q4 24	$271M	9.4%
Q1 25	$235M	7.8%
Q2 25	$282M	8.6%
Q3 25	$258M	7.5%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q1 23	$231M	$285M	$496M
Q2 23	$269M	$341M	$471M
Q3 23	$250M	$289M	$449M
Q4 23	$253M	$320M	$460M
Q1 24	$279M	$319M	$504M
Q2 24	$303M	$494M	$509M
Q3 24	$289M	$315M	$483M
Q4 24	$297M	$324M	$541M
Q1 25	$306M	$332M	$586M
Q2 25	$351M	$388M	$607M
Q3 25	$355M	$400M	$576M
Q4 25	$419M	$480M	$707M

Revenue Segments

Quarter	Reportable Segment
Q1 25	$3.0B
Q2 25	$3.3B
Q3 25	$3.4B
Q4 25	$4.0B

Revenue by Geography

Quarter	Non-US	United States
Q1 23	$189M	$1.8B
Q2 23	$194M	$1.9B
Q3 23	$211M	$2.0B
Q4 23	$260M	$2.0B
Q1 24	$291M	$2.2B
Q2 24	$312M	$2.3B
Q3 24	$345M	$2.4B
Q4 24	$371M	$2.5B
Q1 25	$376M	$2.7B
Q2 25	$455M	$2.8B
Q3 25	$520M	$2.9B
Q4 25	$906M	$3.0B

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$1.8B	$1.6B	$3.4B
Q2 23	$1.9B	$1.6B	$3.5B
Q3 23	$2.3B	$1.5B	$3.8B
Q4 23	$2.7B	$1.4B	$4.1B
Q1 24	$3.1B	$1.4B	$4.5B
Q2 24	$3.4B	$1.4B	$4.9B
Q3 24	$3.7B	$1.3B	$5.0B
Q4 24	$4.0B	$1.3B	$5.3B
Q1 25	$4.5B	$1.3B	$5.8B
Q2 25	$3.9B	$1.1B	$5.0B
Q3 25	$3.3B	$964M	$4.2B
Q4 25	$4.4B	$1.1B	$5.5B

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	390M	+0.8%
Q2 23	389M	-0.4%
Q3 23	393M	+1.2%
Q4 23	399M	+1.6%
Q1 24	405M	+1.5%
Q2 24	410M	+1.2%
Q3 24	428M	+4.3%
Q4 24	417M	-2.5%
Q1 25	436M	+4.4%
Q2 25	438M	+0.6%
Q3 25	442M	+0.8%
Q4 25	443M	+0.2%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 18	—	—
FY 19	—	—
FY 20	$743K	4K
FY 21	$568K	9K
FY 22	$392K	17K
FY 23	$447K	19K
FY 24	$452K	24K
FY 25	$437K	31K