DoorDash, Inc. (DASH) Balance Sheet

NASDAQ: DASHAssets, liabilities, debt and equity over 8 years.

DASH balance sheet, 2025

December 31, 2025 · U.S. dollars

$19.66B assets = $9.61B liabilities + $10.05B equity

Both columns are drawn to the same scale: what DASH owns equals what it owes plus shareholders’ equity. Hover a block for its value.

DASH financial health

Current ratio1.41

Adequate · current assets cover current liabilities 1.41×

Debt / equity0.33

Low leverage · $0.33 of debt for each $1 of equity

Equity / assets51.0%

Equity-funded · of assets funded by shareholders

Cash / debt167.4%

Cash covers debt · cash & short-term investments vs total debt

Goodwill & intangibles39.6%

Acquisition-heavy · of total assets

Descriptive bands, not a rating. Fiscal 2025.

DASH balance sheet trends, 2018–2025

DoorDash, Inc. balance sheet trends
Metric	Then	Latest	Change
Total assets	$683.0M2018	$19.66B2025	+61.6%/yr
Total liabilities	$134.0M2018	$9.61B2025	+84.1%/yr
Shareholders’ equity	$549.0M2018	$10.03B2025	+51.4%/yr
Cash & short-term investments	$470.0M2018	$5.51B2025	+42.1%/yr
Total debt	$16.0M2018	$3.29B2025	+114.0%/yr
Net cash (debt)	$454.0M2018	$2.22B2025	+$1.8B
Working capital	$459.0M2018	$2.50B2025	+$2.0B
Book value per share	$15.072020	$22.822025	+8.7%/yr
Current ratio	5.172018	1.412025	−3.77
Debt / equity	0.032018	0.332025	+0.30
Shares outstanding	311.9M2020	439.7M2025	+7.1%/yr

Change is the average annual growth (CAGR) or the difference between the first and latest year.

DASH assets

Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current

DASH liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

DASH debt vs cash

Total debtCash & ST investmentsNet cash (debt)

Debt includes short- and long-term borrowings and, where reported, lease obligations.

DASH balance sheet

DoorDash, Inc. annual balance sheet
	2025	2024	2023	2022	2021	2020	2019	2018
Assets
Cash & short-term investments	$5.51B	$5.34B	$4.08B	$3.52B	$3.76B	$4.86B	$765.0M	$470.0M
Cash & equivalents	$4.38B	$4.02B	$2.66B	$1.98B	$2.50B	$4.34B	$257.0M	$215.0M
Short-term investments	$1.13B	$1.32B	$1.42B	$1.54B	$1.25B	$514.0M	$508.0M	$255.0M
Receivables	$1.39B	$865.0M	$533.0M	$400.0M	$349.0M	$291.0M	$58.0M	$19.0M
Inventory	$0	$0	$356.0M	$441.0M	$0	$0	$50.0M	$0
Other current assets	$1.75B	$1.18B	$630.0M	$358.0M	$459.0M	$367.0M	$125.0M	$80.0M
Total current assets	$8.64B	$7.39B	$5.60B	$4.72B	$4.57B	$5.52B	$998.0M	$569.0M
Property, plant & equipment (net)	$1.50B	$1.17B	$1.15B	$1.07B	$738.0M	$413.0M	$267.0M	$21.0M
Goodwill & intangible assets	$7.78B	$2.83B	$3.09B	$3.13B	$377.0M	$390.0M	$409.0M	$0
Long-term investments	$837.0M	$835.0M	$629.0M	$521.0M	$1.06B	$0	$0	$86.0M
Other non-current assets	$896.0M	$632.0M	$374.0M	$340.0M	$70.0M	$33.0M	$58.0M	$7.0M
Total assets	$19.66B	$12.85B	$10.84B	$9.79B	$6.81B	$6.35B	$1.73B	$683.0M
Liabilities
Accounts payable	$397.0M	$321.0M	$216.0M	$157.0M	$161.0M	$80.0M	$20.0M	$35.0M
Short-term debt	$105.0M	$68.0M	$68.0M	$55.0M	$26.0M	$379.0M	$17.0M	$16.0M
Deferred revenue	$547.0M	$396.0M	$308.0M	$251.0M	$183.0M	$136.0M	$27.0M	$8.0M
Total current liabilities	$6.15B	$4.44B	$3.41B	$2.54B	$1.76B	$1.40B	$382.0M	$110.0M
Long-term debt	$2.72B	$0	$0	$0	$0	$0	$0	$0
Lease obligations	$566.0M	$536.0M	$522.0M	$511.0M	$399.0M	$253.0M	$184.0M	$0
Other long-term liabilities	$742.0M	$597.0M	$616.0M	$477.0M	$382.0M	$251.0M	$168.0M	$24.0M
Total liabilities	$9.61B	$5.04B	$4.03B	$3.02B	$2.14B	$1.65B	$550.0M	$134.0M
Shareholders' equity
Common stock & paid-in capital	—	—	—	—	—	$6.31B	$70.0M	—
Retained earnings (deficit)	−$4.32B	−$5.25B	−$5.15B	−$3.85B	−$2.08B	−$1.61B	−$1.15B	−$485.0M
Accumulated other comprehensive income	$261.0M	−$107.0M	$73.0M	−$33.0M	−$4.0M	—	−$39.0M	−$1.0M
Minority interest	$13.0M	$7.0M	$7.0M	$14.0M	—	—	—	—
Total shareholders' equity	$10.03B	$7.80B	$6.81B	$6.75B	$4.67B	$4.70B	$1.18B	$549.0M
Key figures
Total debt	$3.29B	$536.0M	$522.0M	$511.0M	$399.0M	$617.0M	$184.0M	$16.0M
Net cash (debt)	$2.22B	$4.80B	$3.56B	$3.01B	$3.36B	$4.24B	$581.0M	$454.0M
Working capital	$2.50B	$2.95B	$2.19B	$2.18B	$2.81B	$4.12B	$616.0M	$459.0M
Tangible book value	$2.25B	$4.98B	$3.72B	$3.62B	$4.29B	$4.31B	$773.0M	$549.0M
Book value per share	$22.82	$18.14	$17.34	$18.18	$13.85	$15.07	—	—
Shares outstanding	439.7M	430.2M	392.9M	371.4M	336.8M	311.9M	—	—
Current ratio	1.41	1.66	1.64	1.86	2.59	3.94	2.61	5.17
Quick ratio	1.12	1.40	1.35	1.54	2.33	3.67	2.15	4.45
Debt / equity	0.33	0.07	0.08	0.08	0.09	0.13	0.16	0.03
Equity / assets	51.0%	60.7%	62.9%	69.0%	68.5%	74.0%	68.2%	80.4%

DoorDash, Inc. quarterly balance sheet
	Jun '26	Mar '26	Dec '25	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24	Mar '24	Dec '23	Sep '23
Assets
Cash & short-term investments	$5.35B	$5.53B	$5.51B	$4.24B	$5.00B	$5.82B	$5.34B	$4.96B	$4.85B	$4.49B	$4.08B	$3.82B
Cash & equivalents	$4.42B	$4.58B	$4.38B	$3.28B	$3.91B	$4.50B	$4.02B	$3.66B	$3.43B	$3.12B	$2.66B	$2.34B
Short-term investments	$923.0M	$958.0M	$1.13B	$964.0M	$1.09B	$1.32B	$1.32B	$1.30B	$1.42B	$1.37B	$1.42B	$1.48B
Receivables	$1.31B	$1.24B	$1.39B	$1.05B	$994.0M	$926.0M	$865.0M	$622.0M	$585.0M	$546.0M	$533.0M	$417.0M
Inventory	$0	$0	$0	$0	$0	$0	$0	$0	$0	$394.0M	$356.0M	$385.0M
Other current assets	$1.75B	$1.82B	$1.75B	$5.20B	$3.74B	$1.11B	$1.18B	$1.17B	$1.18B	$700.0M	$630.0M	$519.0M
Total current assets	$8.42B	$8.59B	$8.64B	$10.49B	$9.73B	$7.85B	$7.39B	$6.76B	$6.62B	$6.13B	$5.60B	$5.14B
Property, plant & equipment (net)	$1.70B	$1.58B	$1.50B	$1.37B	$1.30B	$1.23B	$1.17B	$1.11B	$1.08B	$1.15B	$1.15B	$1.10B
Goodwill & intangible assets	$7.50B	$7.62B	$7.78B	$4.45B	$4.42B	$2.92B	$2.83B	$3.04B	$2.96B	$3.01B	$3.09B	$3.01B
Long-term investments	$869.0M	$849.0M	$837.0M	$849.0M	$725.0M	$842.0M	$835.0M	$835.0M	$711.0M	$692.0M	$629.0M	$616.0M
Other non-current assets	$1.08B	$1.07B	$896.0M	$809.0M	$774.0M	$731.0M	$632.0M	$532.0M	$470.0M	$468.0M	$374.0M	$151.0M
Total assets	$19.56B	$19.71B	$19.66B	$17.97B	$16.95B	$13.57B	$12.85B	$12.28B	$11.84B	$11.45B	$10.84B	$10.01B
Liabilities
Accounts payable	$301.0M	$268.0M	$397.0M	$257.0M	$345.0M	$329.0M	$321.0M	$191.0M	$163.0M	$203.0M	$216.0M	$149.0M
Short-term debt	$104.0M	$105.0M	$105.0M	$81.0M	$78.0M	$70.0M	$68.0M	$66.0M	$64.0M	$64.0M	$68.0M	$63.0M
Deferred revenue	$554.0M	$538.0M	$547.0M	$449.0M	$421.0M	$377.0M	$396.0M	$322.0M	$298.0M	$292.0M	$308.0M	$263.0M
Total current liabilities	$6.15B	$6.03B	$6.15B	$5.13B	$4.70B	$4.58B	$4.44B	$4.09B	$4.03B	$3.74B	$3.41B	$2.99B
Long-term debt	$2.73B	$2.73B	$2.72B	$2.72B	$2.72B	$0	$0	$0	$0	$0	$0	$0
Lease obligations	$578.0M	$562.0M	$566.0M	$535.0M	$530.0M	$527.0M	$536.0M	$532.0M	$534.0M	$547.0M	$522.0M	$493.0M
Other long-term liabilities	$750.0M	$750.0M	$742.0M	$609.0M	$605.0M	$600.0M	$597.0M	$605.0M	$637.0M	$697.0M	$616.0M	$459.0M
Total liabilities	$9.63B	$9.50B	$9.61B	$8.46B	$8.02B	$5.18B	$5.04B	$4.70B	$4.67B	$4.44B	$4.03B	$3.44B
Shareholders' equity
Retained earnings (deficit)	−$4.99B	−$4.30B	−$4.32B	−$4.53B	−$4.78B	−$5.06B	−$5.25B	−$5.40B	−$5.34B	−$5.18B	−$5.15B	−$4.95B
Accumulated other comprehensive income	$101.0M	$117.0M	$261.0M	$268.0M	$261.0M	$7.0M	−$107.0M	$122.0M	−$25.0M	−$1.0M	$73.0M	−$68.0M
Minority interest	$11.0M	$12.0M	$13.0M	$13.0M	$5.0M	—	—	—	—	—	—	—
Total shareholders' equity	$9.92B	$10.20B	$10.03B	$9.49B	$8.92B	$8.39B	$7.80B	$7.57B	$7.16B	$7.00B	$6.81B	$6.56B
Key figures
Total debt	$3.31B	$3.29B	$3.29B	$3.26B	$3.25B	$527.0M	$536.0M	$532.0M	$534.0M	$547.0M	$522.0M	$493.0M
Net cash (debt)	$2.04B	$2.25B	$2.22B	$986.0M	$1.75B	$5.29B	$4.80B	$4.43B	$4.32B	$3.94B	$3.56B	$3.33B
Working capital	$2.26B	$2.57B	$2.50B	$5.36B	$5.04B	$3.28B	$2.95B	$2.67B	$2.59B	$2.39B	$2.19B	$2.16B
Tangible book value	$2.42B	$2.58B	$2.25B	$5.05B	$4.50B	$5.47B	$4.98B	$4.53B	$4.21B	$3.99B	$3.71B	$3.55B
Book value per share	$22.58	$23.06	$22.66	$21.49	$20.35	$19.26	$18.71	$17.69	$17.45	$17.26	$17.04	$16.68
Shares outstanding	439.3M	442.3M	442.8M	441.8M	438.4M	435.6M	417.1M	428.0M	410.5M	405.5M	399.3M	393.2M
Current ratio	1.37	1.43	1.41	2.04	2.07	1.72	1.66	1.65	1.64	1.64	1.64	1.72
Quick ratio	1.08	1.12	1.12	1.03	1.28	1.47	1.40	1.36	1.35	1.35	1.35	1.42
Debt / equity	0.33	0.32	0.33	0.34	0.36	0.06	0.07	0.07	0.07	0.08	0.08	0.08
Equity / assets	50.7%	51.7%	51.0%	52.8%	52.6%	61.8%	60.7%	61.7%	60.5%	61.1%	62.8%	65.5%

Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 18, 2026); data from EODHD.

DASH financial position

At the end of fiscal 2025 (December 31, 2025), DoorDash had total assets of $19.7 billion (up 53.0% from a year earlier), total liabilities of $9.6 billion and shareholders' equity of $10.0 billion. It held $5.5 billion in cash and short-term investments against $3.3 billion of debt, a net cash position of $2.2 billion. Its current ratio was 1.41. In the latest quarter (ended June 30, 2026) total assets were $19.6 billion and equity $9.9 billion.

Related: DASH income statement, DASH cash flow statement, DASH key metrics. See the DASH stock overview for the latest quote and news.

DASH balance sheet FAQ

What are DoorDash's total assets?

DoorDash reported total assets of $19.7 billion at the end of fiscal 2025 (December 31, 2025), compared with $12.8 billion a year earlier.

How much debt does DoorDash have?

DoorDash had $3.3 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.33.

How much cash does DoorDash have?

DoorDash held $5.5 billion in cash and short-term investments at the end of fiscal 2025; with $3.3 billion of debt that is net cash of $2.2 billion.

What is DoorDash's book value?

DoorDash's shareholders' equity (book value) was $10.0 billion at the end of fiscal 2025, or $22.82 per share.

What is DoorDash's current ratio?

DoorDash had current assets of $8.6 billion and current liabilities of $6.1 billion, a current ratio of 1.41 (it can cover its short-term obligations).

How much goodwill does DoorDash have?

DoorDash carried $7.8 billion of goodwill and intangible assets, 39.6% of total assets, at the end of fiscal 2025.