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DoorDash
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NASDAQ: DASH Consumer Discretionary Consumer 🔎 Screen
S&P 500 Nasdaq 100
$78.6B
Market Cap
104.4
P/E
1.03
PEG
15.4%
ROCE
10.4%
ROE
0.33
D/E
6.1%
OPM
-27.6%
% from 52W High
30
α RS
🔍 DASH is showing a multi-screen setup because it matches 4 of 39 tracked screener presets, an ECS of 84.3 last quarter, and it's hugging the 21 EMA. The main caution: the Institutional Quality preset's Backtest win rate is only 44.1%. Net: Mixed signal stack, not a recommendation. ? Conviction ECS Technicals Backtest
Sources
Conviction 4/39 · ECS 84.3 · hugging 21 EMA · Backtest win rate 44.1%
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🌏 Global Investor Returns
Currency-adjusted total returns for DASH including FX impact
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📈 Price History
Ratio Health
— Excellent
— Good
— Average
— Poor
By Category
📊 Peer Medians
About

DoorDash, Inc., together with its subsidiaries, operates a commerce platform that connects merchants, consumers, and dashers in the United States and internationally. The company operates DoorDash Marketplace, Wolt Marketplace, and Deliveroo Marketplace, which provide various services, such as customer acquisition, demand generation, order fulfillment, merchandising, payment processing, and customer support. It also offers consumer membership programs, DashPass, Wolt+, and Deliveroo Plus; advertising as a value-added service through its marketplaces; and white-label delivery fulfillment services, as well as services that help merchants establish online ordering, build branded mobile apps, manage reservations and in-store dining, manage consumer relationships, enable tableside order and pay, and improve customer support. The company was formerly known as Palo Alto Delivery Inc. and changed its name to DoorDash, Inc. in 2015. DoorDash, Inc. was founded in 2013 and is headquartered in San Francisco, California.

Key Ratios Snapshot
📈 Growth Pattern
📊 Quick Scorecard
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⭐ Superinvestors Holding DASH
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Manager Shares Value % of Fund Period
Jim Simons Renaissance Technologies LLC 1.43M $214.2M 0.34% Mar 2026
Steve Cohen Point72 Asset Management 1.18M $177.9M 0.23% Mar 2026
Cathie Wood ARK Investment Management 346.1K $52.0M 0.40% Mar 2026
Tiger Global Management Tiger Global Management LLC 25.3K $3.8M 0.02% Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

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Good quarter Investor Presentation One-Pager? Q2 2026
Revenue
$4.45B
+36% YoY
Gross Profit
$2.22B
+38% YoY
Adjusted EBITDA
$0.91B
+40% YoY
Net Income
$0.20B
-30% YoY
What Went Right
  • Adjusted EBITDA of $914M was 40% above prior year and came in 'well above' guidance; revenue reached $4.45B (+36%).
  • U.S. DashPass added more paid members in the trailing 12 months than in the prior 24 months combined; DashPass members drove ~75% of U.S. grocery/retail orders.
  • Deliveroo growth accelerated, with MAU/subscription growth at multi-year highs and contribution profit positive; international unit economics improved.
What to Watch
  • GAAP net income fell 30% YoY to $200M, despite strong revenue growth.
  • Management expects Q4 Dasher costs to be higher, likely pushing take rate lower in Q4 vs Q3.
  • AI and autonomous delivery returns remain unproven at scale; management stressed 'mastering operations and technology' before expansion.
Management Guidance
  • Q3 2026: Adjusted EBITDA expected inside the guided range; no specific dollar figures were disclosed on the call.
  • H2 2026: new verticals (grocery/retail) on track to be gross profit positive in the second half.
  • International tech stack: benefits expected to grow as the single-stack rollout comes fully online early next year.
  • Q4 take rate expected to decline sequentially due to seasonal Dasher costs.
Investor Lens
Q2 strengthens the DoorDash thesis: top-line growth accelerated, membership engagement is compounding, and adjusted EBITDA beat meaningfully. The caveat is GAAP net income declined and management is reinvesting heavily in long-payback bets (AV, AI, unified tech stack), so capital efficiency will be determined by execution. Overall, the call reinforces a durable growth-plus-efficiency story.
From investor presentation · AI-generated analysis · Not investment advice
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📈 STRONG Q2: revenue +36%, adjusted EBITDA +40% to $914M.
Revenue
Revenue grew 36% YoY to $4.45B, with Marketplace GOV up 36% to $33.1B and Total Orders up 27% to 970M. U.S. restaurant GOV growth accelerated slightly and international/Deliveroo growth also accelerated in the quarter.
Profitability
GAAP net income was $200M, down 30% YoY from $285M. Adjusted EBITDA rose 40% to $914M, well above guidance, with Roo contribution profit positive and new verticals on track for gross profit positive in H2.
Margins
Net revenue margin was 13.5%, up from 12.8% in Q1. Contribution profit margin was 5.0% of GOV vs 4.7% a year ago, and adjusted EBITDA margin was 2.8% of GOV vs 2.7% a year ago; GAAP gross profit margin was 6.7% of GOV vs 6.6% last year.
Balance Sheet
Not discussed.
Key Risks
Management and analysts flagged GAAP net income decline and Q4 Dasher cost seasonality as a take-rate headwind. AV/AI are early-stage, with 'low' agentic traffic and significant operational complexity before scale; management emphasised continued investment in autonomy and global tech stack.
Outlook
Company expects Q3 Adjusted EBITDA to land within the guided range and Q4 take rate to decline sequentially as Dasher costs rise. New verticals should be gross profit positive in H2, with more global tech-stack benefits expected early next year.
Generated by AI · Q2 2026 results · Not investment advice
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✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter
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📞 Earnings Call Transcripts (5)
Q2 2026 Q2 2026 2026-08-05
Q2 2026 delivered strong growth in restaurants, grocery, and international segments, with record DashPass and subscription gains, improved unit economics, and a material EBITDA beat. Investments in AI, autonomy, and merchant services are driving efficiency and future growth.
Q1 2026 Q1 2026 2026-05-06
Record growth in memberships, grocery, and ads drove strong Q1 results despite weather and cost headwinds. Tech investments and AI productivity gains are accelerating feature velocity, while international and new verticals show robust expansion.
Q4 2025 Q4 2025 2026-02-18
Strong growth in U.S. and international markets, with new verticals and Deliveroo driving performance. 2026 EBITDA margin is expected to rise, supported by tech integration, record DashPass and ad business, and ongoing investments in autonomy and merchant services.
Q3 2025 Q3 2025 2025-11-05
Investments in a unified tech platform, new products, and autonomy are set to drive growth in 2026, with improving unit economics and strong performance in new verticals and international markets. Deliveroo integration and retail expansion are key focus areas.
Q2 2025 Q2 2025 2025-08-06
Accelerated order growth, record ad revenue, and strong new verticals and international performance drove improved margins and all-time high user engagement. Product and tech investments, including AI and automation, continue to fuel scale and efficiency.
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Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

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