Latest revenue
$4.04B
as of 2026-03-31
Latest net income
$184.0M
as of 2026-03-31
Net margin
4.6%
as of 2026-03-31
Price · 5Y
Live market
delayed ≤15 min- Market cap
- —
- Enterprise value
- —
- P/E (trailing)
- —
- Forward P/E
- —
- P/B
- —
- Dividend yield
- 0.0%
- 52-wk high
- $285.50
- 52-wk low
- $143.30
- Beta
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- Shares out
- —
5-year trend
What this company does
DoorDash runs a local-commerce delivery platform connecting consumers with restaurants, grocers, and retailers through its app and Dasher courier network. It earns money primarily from commissions and fees on each order, supplemented by merchant subscriptions, advertising, and consumer DashPass memberships. The company swung to sustained profitability, posting $722 million in nine-month net income on $9.8 billion revenue, while funding a major acquisition push with $2.7 billion in newly issued convertible notes and $1.2 billion deployed on M&A.
Generated from DASH's filing dated 2026-02-18
Key risks
- New leverage: $2.72B convertible notes issued in 2025 (none prior), with $680M spent on hedges and $341M warrants sold
- M&A integration: $1.2B spent on acquisitions YTD, driving goodwill up 54% to $3.57B and intangibles to $878M
- Dual-class control: 24,739K Class B shares retain outsized voting power, limiting Class A holders' governance influence despite 406M shares outstanding
Generated from DASH's filing dated 2026-02-18
Profitability
Operating margin
5.3%
1587.2%Net margin
6.8%
494.2%Return on equity
9.3%
491.2%Return on assets
4.8%
396.7%Leverage
Debt / equity
0.96×
48.5%Long-term debt / equity
0.27×
Debt / assets
49.0%
24.7%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q1 2026 2026-03-31 | $4.04B | +33.1% | $184.0M | -4.7% | 4.6% |
Q4 2025 2025-12-31 | $3.96B | +37.7% | $213.0M | -33.6% | 5.4% |
Q3 2025 2025-09-30 | $3.45B | +27.3% | $244.0M | +1455.6% | 7.1% |
Q2 2025 2025-06-30 | $3.28B | +24.9% | $285.0M | +281.5% | 8.7% |
Q1 2025 2025-03-31 | $3.03B | +20.7% | $193.0M | +939.1% | 6.4% |
Q4 2024 2024-12-31 | $2.87B | — | $321.0M | — | 11.2% |
Q3 2024 2024-09-30 | $2.71B | +25.0% | $-18.0M | +75.3% | -0.7% |
Q2 2024 2024-06-30 | $2.63B | +23.3% | $-157.0M | +7.6% | -6.0% |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
Services-Business Services, NEC · SIC 7389
Your notes
Keep private notes on DASH — thesis, target price, catalysts to watch.
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Insider activity
Insider buying
$100.3M
Insider selling
$548.2M
Net activity
−$447.9M
Distinct insiders
11
Open-market trades over the last 365 days.
Recent transactions
Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.
Who owns DASH
Institutional value
$25.36B
Total shares held
172.2M
Distinct holders
671
As of
2026-03-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | BlackRock, Inc. | 26.5M | $3.97B | — | New |
| 2 | VANGUARD CAPITAL MANAGEMENT LLC | 23.5M | $3.52B | — | New |
| 3 | VANGUARD PORTFOLIO MANAGEMENT LLC | 16.5M | $2.47B | — | New |
| 4 | JPMORGAN CHASE & CO | 9.0M | $1.33B | — | New |
| 5 | Capital World Investors | 8.2M | $1.24B | — | New |
| 6 | BAILLIE GIFFORD & CO | 7.2M | $1.09B | — | New |
| 7 | Capital Research Global Investors | 5.1M | $766.4M | — | New |
| 8 | Invesco Ltd. | 4.1M | $609.2M | — | New |
| 9 | SANDS CAPITAL MANAGEMENT, LLC | 4.0M | $594.2M | — | New |
| 10 | Temasek Holdings (Private) Ltd | 3.5M | $519.7M | — | New |
| 11 | UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 3.1M | $458.5M | — | New |
| 12 | WELLCOME TRUST LTD (THE) as trustee of the WELLCOME TRUST | 3.0M | $450.4M | — | New |
| 13 | Bank of New York Mellon Corp | 2.4M | $353.3M | — | New |
| 14 | UBS Group AG | 2.3M | $351.9M | — | New |
| 15 | Legal & General Group Plc | 2.2M | $337.8M | — | New |
| 16 | FRANKLIN RESOURCES INC | 2.2M | $331.3M | — | New |
| 17 | VANGUARD FIDUCIARY TRUST CO | 2.1M | $320.5M | — | New |
| 18 | Artisan Partners Limited Partnership | 2.1M | $310.5M | — | New |
| 19 | NORDEA INVESTMENT MANAGEMENT AB | 1.9M | $283.9M | — | New |
| 20 | DEUTSCHE BANK AG\ | 1.8M | $263.8M | — | New |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
- 1
Restricted cash jumped from $190M to $4.08B—can you specify exactly what this collateralizes and when it converts back to unrestricted liquidity?
- 2
You raised $2.7B in convertible notes plus $341M warrants and $680M hedges; why lever up now with $5.1B already in cash and securities?
- 3
Goodwill rose $1.25B and intangibles $368M YTD—what's the revenue contribution and margin profile of these acquisitions versus the purchase price?
Refreshed when DASH files a new report · last from 2026-02-18