# DoorDash, Inc. Class A Common Stock (DASH) — Stock CV

DoorDash, Inc. is a $85.3B technology company. Revenue grew 33.6% over the last year, and it keeps 5¢ of every dollar of sales as profit. It trades at 101.2× earnings — around the middle of its own history.

> DoorDash is an online delivery demand aggregator. Consumers can use its app to order food on demand for delivery or in-store pickup from participating merchants.

## Identity

- **Ticker**: DASH
- **Sector**: Technology
- **Industry**: Services-Business Services, Nec
- **Headquarters**: SAN FRANCISCO, CA
- **Employees**: 31 400
- **Website**: https://www.doordash.com
- **Market cap**: $85.3B
- **Last price**: $196.86
- **Financial profile**: Solid

## Vitals (TTM)

- **Revenue**: $15.9B
- **Net income**: $841M
- **Free cash flow**: $2.60B
- **P/E**: 101.2
- **Revenue growth (YoY)**: 33.6%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 44 |
| Growth | 50 |
| Profitability | 50 |
| Health | 37 |
| Quality | 85 |
| Moat | 25 |

## Qualifications (beginner checklist) — 7 of 10 passed

- [x] Revenue growing — +33.6% YoY
- [x] Profitable — $841M TTM
- [x] Profit growing — +660.2% YoY
- [x] Generates cash — $2.60B TTM
- [x] Debt under control — current ratio 1.37
- [x] Established company — $85.3B market cap
- [ ] Not printing shares — +30.5% shares over ~5y
- [ ] Proven track record — 2/6 profitable years
- [x] Financially stable — Altman Z 5.7 — safe
- [ ] Valuation not extreme — P/E 101.2

## Experience (career milestones)

- **2026** — The NJ Transit Meadowlands Line was renamed to the "Doordash Meadowlands Rail Line" through June 2027
- **FY2025** — Best year on record: $935M net income
- **2025** — DoorDash acquired the UK-based delivery service Deliveroo for $3.88 billion
- **2025** — DoorDash and Ace Hardware (the largest hardware cooperative) announced their partnership to offer…
- **FY2024** — Turned profitable: $123M net income after a loss year
- **FY2024** — Revenue crossed $10B: $10.7B for the year
- **2022** — DoorDash announced its acquisition of Bbot, startup that developed digital ordering and payment…
- **Nov 9, 2021** — DoorDash announced its acquisition of the Finnish technology company Wolt for over $8.1 billion
- **FY2020** — Revenue already above $1B: $2.89B in first reported year
- **FY2020** — Positive free cash flow every year since: 6-year streak
- **2020** — It became a public company via an initial public offering, raising $3.37 billion
- **2020** — DoorDash announced the opening of its first physical restaurant location, partnering up with Bay…
- **2019** — DoorDash was the largest food delivery provider in the U.S
- **2019** — The company acquired Scotty Labs, a tele-operations startup company that focuses on self-driving and…
- **2016** — DoorDash's first partnership with a fast food burger restaurant chain was in April 2016

## Strengths

- High gross margin (51.4%)
- Revenue growing 33.6% year over year
- Strong cash conversion — FCF is 16.3% of revenue
- High returns on invested capital (ROIC 20.7%)
- Altman Z-Score 5.68 — low bankruptcy-risk zone

## Watch-outs

- Thin interest coverage (-41.1×)
- Loss-making in 4 of the recent years

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $4.89B | -$468M | $563M |
| FY2022 | $6.58B | -$1.36B | $191M |
| FY2023 | $8.63B | -$558M | $1.55B |
| FY2024 | $10.7B | $123M | $2.03B |
| FY2025 | $13.7B | $935M | $2.17B |

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Source: https://stockcv.com/DASH — derived from company filings; may be delayed or incomplete. Information, not investment advice.