DoorDash (DASH) AI Stock Analysis

• Market Cap: $108.67B
• Dividend Yield: N/A
• Average Volume (3M): 2.85M
• Price to Earnings (P/E): 141.5
• Beta (1Y): 1.60
• Revenue Growth: 23.78%
• EPS Growth: N/A
• Country: US
• Employees: 23,700
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Internet Content & Information
• EPS (TTM): 0.65
• Shares Outstanding: 402,361,240
• 10 Day Avg. Volume: 3,275,610
• 30 Day Avg. Volume: 2,851,423
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 0.95
• Enterprise Value/Revenue: 8.71
• Enterprise Value/Gross Profit: 17.40
• Enterprise Value/Ebitda: 91.41
• 1Y Price Target: $306.94
• Price Target Upside: 20.67% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 34

• Rating: 72 Outperform
• Price Target: $282.00 ▲(10.86% Upside)

DoorDash's strong financial performance and positive earnings call sentiment are significant strengths, driving the overall score. However, technical indicators suggest caution, and the high P/E ratio raises valuation concerns. The company's strategic investments and growth initiatives are promising, but operational efficiency and cost management need attention.

Positive Factors

Revenue Growth

DoorDash's robust revenue growth highlights its expanding market reach and successful strategic initiatives, ensuring long-term business sustainability.

Partnership Expansion

The partnership with Untappd expands DoorDash's product offerings, enhancing customer experience and potentially increasing user engagement and retention.

International Expansion

Strong international growth indicates DoorDash's ability to successfully penetrate new markets, diversifying revenue streams and reducing dependency on the U.S. market.

Negative Factors

Higher Operating Expenses

Increased operating expenses could pressure margins and profitability, potentially limiting financial flexibility and affecting long-term growth prospects.

Challenges in Delivery Systems

Complexities in developing autonomous delivery systems may delay operational efficiencies and increase costs, impacting DoorDash's competitive edge.

Convertible Notes Offering

Issuing convertible notes increases financial obligations and potential share dilution, which could affect shareholder value and financial stability.

DoorDash Business Overview & Revenue Model

Company Description

DoorDash, Inc. operates a logistics platform that connects merchants, consumers, and dashers in the United States and internationally. It operates DoorDash and Wolt marketplaces, which provides an array of services that enable merchants to solve mission-critical challenges, such as customer acquisition, delivery, insights and analytics, merchandising, payment processing, and customer support; DashPass and Wolt+, a membership products; and offers DoorDash Drive and Wolt Drive, a white-label delivery fulfillment services; DoorDash Storefront that enables merchants to offer consumers on-demand access to e-commerce; and Bbot, which offers merchants digital ordering and payment solutions for in-store and online channels. The company was formerly known as Palo Alto Delivery Inc. and changed its name to DoorDash, Inc. in 2015. DoorDash, Inc. was incorporated in 2013 and is headquartered in San Francisco, California.

How the Company Makes Money

DoorDash generates revenue through multiple streams, primarily from delivery fees, service fees, and commissions charged to restaurants. When a customer places an order, DoorDash typically charges a delivery fee, which varies based on distance and the size of the order. Additionally, the company imposes a service fee that helps cover operational costs. Restaurants partnering with DoorDash pay a commission on each order fulfilled through the platform, which can range from 15% to 30% depending on various factors, including promotional agreements and the services used. DoorDash also offers subscription services, such as DashPass, which provides customers with free delivery on eligible orders for a monthly fee. Partnerships with major restaurant chains and grocery retailers further enhance revenue, as does the expansion into new markets and the introduction of innovative services like DashMart, which delivers convenience store items. Overall, DoorDash's diversified revenue model and strategic partnerships are key contributors to its earnings.

DoorDash Financial Statement Overview

Summary

DoorDash demonstrates strong financial performance with robust revenue growth, improved profitability, and a stable balance sheet. The company's low leverage and effective cash flow management enhance its financial resilience, though there is room for operational efficiency improvements.

Income Statement

DoorDash has demonstrated strong revenue growth with a TTM revenue increase of 5.82% and a consistent upward trend over the years. The gross profit margin remains healthy at 47.94%, indicating efficient cost management. The net profit margin has improved significantly to 3.02% in the TTM, reflecting enhanced profitability. However, the EBIT and EBITDA margins, although positive, are relatively low, suggesting room for operational efficiency improvements.

Balance Sheet

The company's balance sheet shows a solid equity position with a low debt-to-equity ratio of 0.06, indicating financial stability and low leverage risk. Return on equity has improved to 4.39% in the TTM, showcasing better utilization of equity. The equity ratio is robust, reflecting a strong asset base supported by equity. Overall, the balance sheet is stable with a conservative financial structure.

Cash Flow

DoorDash's cash flow performance is strong, with a TTM free cash flow growth of 2.99% and a high free cash flow to net income ratio of 0.85, indicating effective cash generation relative to earnings. The operating cash flow to net income ratio is 0.48, suggesting good cash flow coverage. The company has shown consistent improvement in cash flow metrics, supporting its financial health.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	11.89B	10.72B	8.63B	6.58B	4.89B	2.89B
Gross Profit	5.95B	5.18B	4.05B	3.00B	2.55B	1.52B
EBITDA	1.13B	523.00M	-68.00M	-663.00M	-296.00M	-306.00M
Net Income	781.00M	123.00M	-558.00M	-1.36B	-468.00M	-461.00M
Balance Sheet
Total Assets	16.95B	12.85B	10.84B	9.79B	6.81B	6.35B
Cash, Cash Equivalents and Short-Term Investments	5.00B	5.34B	4.08B	3.52B	3.76B	4.86B
Total Debt	3.25B	536.00M	522.00M	511.00M	399.00M	617.00M
Total Liabilities	8.02B	5.04B	4.03B	3.02B	2.14B	1.65B
Stockholders Equity	8.92B	7.80B	6.81B	6.75B	4.67B	4.70B
Cash Flow
Free Cash Flow	1.71B	1.80B	1.35B	21.00M	455.00M	93.00M
Operating Cash Flow	2.19B	2.13B	1.67B	367.00M	692.00M	252.00M
Investing Cash Flow	-1.33B	-444.00M	-342.00M	-300.00M	-2.05B	-192.00M
Financing Cash Flow	2.17B	-204.00M	-752.00M	-375.00M	-483.00M	4.00B

DoorDash Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 254.37
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DASH, the sentiment is Negative. The current price of 254.37 is below the 20-day moving average (MA) of 265.95, below the 50-day MA of 261.02, and above the 200-day MA of 221.79, indicating a neutral trend. The MACD of -1.92 indicates Positive momentum. The RSI at 42.94 is Neutral, neither overbought nor oversold. The STOCH value of 51.38 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for DASH.

DoorDash Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
UBER	―	$201.24B	16.37	72.26%	―	18.15%	518.11%
YELP	―	$2.08B	14.92	20.13%	―	5.37%	13.08%
DASH	―	$108.67B	141.52	9.71%	―	23.78%	―
CART	―	$9.71B	21.28	14.54%	―	10.47%	―
LYFT	―	$8.32B	93.47	14.07%	―	19.94%	―
Sector *	―	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
NXDR	―	$755.16M	―	-14.27%	―	9.65%	56.50%

DoorDash Corporate Events

DoorDash Finalizes $3.7 Billion Deliveroo Acquisition

On October 2, 2025, DoorDash completed its acquisition of Deliveroo, a delivery service operating in multiple countries. The acquisition, valued at approximately $3.7 billion, was finalized through a court-sanctioned scheme of arrangement under UK law. This strategic move is expected to enhance DoorDash’s global presence in local commerce, allowing the combined entity to better serve businesses, consumers, and couriers while benefiting from DoorDash’s extensive resources and reach.

The most recent analyst rating on (DASH) stock is a Buy with a $350.00 price target. To see the full list of analyst forecasts on DoorDash stock, see the DASH Stock Forecast page.

Doordash Faces Counterparty Risk in Convertible Note Hedge Deals Amid Economic Uncertainty

Doordash, Inc. faces significant counterparty risk related to its convertible note hedge transactions, as these are not backed by collateral, leaving the company vulnerable to defaults by financial institutions. Historical economic downturns have shown that financial entities can experience severe difficulties, as evidenced by the collapse of Lehman Brothers. If a counterparty defaults, Doordash would become an unsecured creditor, potentially facing increased exposure correlated with the volatility of its Class A common stock, leading to adverse tax implications and unexpected dilution. The company cannot guarantee the financial stability of its counterparties, adding a layer of uncertainty to its financial strategy.

DoorDash Earnings Call: Growth and Expansion Insights

DoorDash’s recent earnings call painted a largely positive picture, highlighting significant achievements in growth and expansion. The company reported strong growth in key areas such as marketplace orders, advertising revenue, and international expansion. However, it acknowledged challenges in further improving its product and managing operating expenses. Overall, the sentiment was optimistic, driven by the company’s substantial progress in these areas.

DoorDash Achieves Record Growth in Q2 2025

DoorDash, Inc., a leading on-demand food delivery service operating in the technology sector, connects consumers with local restaurants and merchants across more than 30 countries, offering a unique platform that supports millions of Dashers and tens of millions of consumers monthly.

DoorDash Reports Strong Q2 2025 Financial Results

On August 6, 2025, DoorDash announced its financial results for the second quarter of 2025, highlighting significant growth across key metrics. The company achieved record highs in total orders, marketplace gross order value (GOV), revenue, and GAAP net income, with total orders reaching 761 million, a 20% year-over-year increase. Revenue grew by 25% to $3.3 billion, and GAAP net income rose to $285 million from a loss of $157 million in the previous year. The company attributes its success to operational excellence and strategic investments, which have enhanced consumer experience and expanded its merchant base. The strong performance in the U.S. market, particularly in the restaurant category, and the growth in DashPass membership have contributed to increased order frequency and consumer engagement. Internationally, DoorDash’s growth in total orders outpaced that of the U.S. market, indicating a broadening appeal and potential for further expansion.

The most recent analyst rating on (DASH) stock is a Hold with a $163.00 price target. To see the full list of analyst forecasts on DoorDash stock, see the DASH Stock Forecast page.