DoorDash, Inc. (DASH) Income Statement
DASH 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsDASH revenue and net income
Where DASH's revenue goes
2025Each bar shows an amount and its share of revenue. DASH kept 6.8% of revenue as net income.
DASH profit margins
DASH growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +27.9% | +27.7% | +36.6% | — |
| Gross profit | +34.7% | +32.6% | +35.7% | — |
| Operating income | — | — | — | — |
| Net income | +660.2% | — | — | — |
| EPS (diluted) | −25.6% | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
DASH quarterly EPS vs estimates
DoorDash beat the analyst EPS estimate in 5 of the last 8 quarters. Next report: November 4, 2026 (estimate $0.82).
DASH income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $13.72B | $10.72B | $8.63B | $6.58B | $4.89B | $2.89B | $885.0M | $291.0M |
| Cost of revenue | $6.74B | $5.54B | $4.59B | $3.59B | $2.34B | $1.37B | $523.0M | $228.0M |
| Gross profit | $6.98B | $5.18B | $4.05B | $3.00B | $2.55B | $1.52B | $362.0M | $63.0M |
| Research & development | $1.43B | $1.17B | $1.00B | $829.0M | $430.0M | $321.0M | $107.0M | $51.0M |
| Sales, general & admin | $4.08B | $3.49B | $3.11B | $2.83B | $2.42B | $1.51B | $839.0M | $213.0M |
| Total operating expenses | $6.26B | $5.22B | $4.62B | $4.12B | $3.00B | $1.95B | $978.0M | $273.0M |
| Operating income | $723.0M | −$38.0M | −$579.0M | −$1.12B | −$452.0M | −$436.0M | −$616.0M | −$210.0M |
| Interest income | $211.0M | $199.0M | $119.0M | $32.0M | $3.0M | $7.0M | $18.0M | $7.0M |
| Interest expense | — | — | $152.0M | $2.0M | $14.0M | $32.0M | $18.0M | $1.0M |
| Income before taxes | $939.0M | $156.0M | −$534.0M | −$1.40B | −$463.0M | −$458.0M | −$666.0M | −$204.0M |
| Income taxes | $4.0M | $39.0M | $31.0M | −$31.0M | $5.0M | $3.0M | $1.0M | $7.0M |
| Net income | $935.0M | $123.0M | −$558.0M | −$1.36B | −$468.0M | −$461.0M | −$667.0M | −$204.0M |
| EBITDA | $1.69B | $717.0M | −$68.0M | −$663.0M | −$293.0M | −$306.0M | −$634.0M | −$194.0M |
| EPS (diluted) | $2.12 | $2.85 | $0.33 | −$2.84 | −$0.60 | −$9.12 | −$2.85 | −$4.64 |
| Gross margin | 50.9% | 48.3% | 46.9% | 45.5% | 52.2% | 52.6% | 40.9% | 21.6% |
| Operating margin | 5.3% | −0.4% | −6.7% | −17.1% | −9.2% | −15.1% | −69.6% | −72.2% |
| Net margin | 6.8% | 1.1% | −6.5% | −20.7% | −9.6% | −16.0% | −75.4% | −70.1% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.45B | $4.04B | $3.96B | $3.45B | $3.28B | $3.03B | $2.87B | $2.71B | $2.63B | $2.51B | $2.30B | $2.16B |
| Cost of revenue | $2.11B | $1.99B | $1.94B | $1.69B | $1.62B | $1.50B | $1.45B | $1.37B | $1.39B | $1.33B | $1.23B | $1.16B |
| Gross profit | $2.35B | $2.04B | $2.02B | $1.76B | $1.67B | $1.53B | $1.42B | $1.33B | $1.25B | $1.18B | $1.07B | $1.01B |
| Research & development | $535.0M | $398.0M | $419.0M | $355.0M | $351.0M | $306.0M | $297.0M | $289.0M | $303.0M | $279.0M | $253.0M | $250.0M |
| Sales, general & admin | $1.36B | $1.18B | $1.19B | $976.0M | $995.0M | $918.0M | $865.0M | $798.0M | $1.00B | $823.0M | $780.0M | $738.0M |
| Total operating expenses | $1.90B | $1.89B | $1.87B | $1.50B | $1.50B | $1.38B | $1.30B | $1.23B | $1.45B | $1.24B | $1.16B | $1.12B |
| Operating income | $451.0M | $151.0M | $147.0M | $258.0M | $163.0M | $155.0M | $117.0M | $107.0M | −$201.0M | −$61.0M | −$89.0M | −$108.0M |
| Interest income | $35.0M | $34.0M | $42.0M | $71.0M | $49.0M | $49.0M | $51.0M | $54.0M | $34.0M | $45.0M | — | $40.0M |
| Interest expense | — | — | — | — | — | — | — | — | — | — | $151.0M | — |
| Income before taxes | $207.0M | $191.0M | $222.0M | $248.0M | $271.0M | $198.0M | $176.0M | $155.0M | −$157.0M | −$18.0M | −$139.0M | −$69.0M |
| Income taxes | $8.0M | $8.0M | $6.0M | $5.0M | −$13.0M | $6.0M | $37.0M | −$6.0M | $1.0M | $7.0M | $17.0M | $6.0M |
| Net income | $200.0M | $183.0M | $213.0M | $244.0M | $285.0M | $193.0M | $141.0M | $162.0M | −$157.0M | −$23.0M | −$154.0M | −$73.0M |
| EBITDA | $502.0M | $461.0M | $489.0M | $417.0M | $430.0M | $308.0M | $317.0M | $293.0M | −$17.0M | $124.0M | −$9.0M | $59.0M |
| EPS (diluted) | $0.46 | $0.42 | $0.48 | $0.55 | $0.65 | $0.44 | $0.33 | $1.05 | $0.81 | $0.66 | −$0.39 | $0.64 |
| Gross margin | 52.7% | 50.6% | 51.1% | 51.0% | 50.8% | 50.5% | 49.4% | 49.2% | 47.3% | 47.1% | 46.6% | 46.6% |
| Operating margin | 10.1% | 3.7% | 3.7% | 7.5% | 5.0% | 5.1% | 4.1% | 4.0% | −7.6% | −2.4% | −3.9% | −5.0% |
| Net margin | 4.5% | 4.5% | 5.4% | 7.1% | 8.7% | 6.4% | 4.9% | 6.0% | −6.0% | −0.9% | −6.7% | −3.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in DASH's financial statements (latest annual report filed February 18, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
DASH financial results
In fiscal year 2025 (ended December 31, 2025), DoorDash reported revenue of $13.7 billion, up 27.9% from the year before. It had net income of $935.0 million (up 660.2%), a net profit margin of 6.8%. Diluted earnings per share came to $2.12. Over five years revenue grew at an average rate of 36.6% a year.
See the DASH stock overview for the latest quote and news, or the DASH chart for price history and technical indicators.
DASH income statement FAQ
What is DoorDash's annual revenue?
DoorDash reported total revenue of $13.7 billion for fiscal year 2025, which ended on December 31, 2025. That was up 27.9% from $10.7 billion the previous year.
Is DoorDash profitable?
Yes. DoorDash reported net income of $935.0 million in fiscal 2025, a net profit margin of 6.8%; its operating margin was 5.3%.
What is DoorDash's gross margin?
DoorDash's gross margin was 50.9% in fiscal 2025: for every $100 of revenue, DoorDash kept $51 after the direct cost of its products and services.
How much does DoorDash spend on research and development?
DoorDash spent $1.4 billion on research and development in fiscal 2025, 10.4% of revenue.
How fast is DoorDash growing?
Revenue grew 36.6% a year on average over the last five fiscal years, from $2.9 billion to $13.7 billion.
What are DoorDash's earnings per share?
DoorDash earned $2.12 per diluted share in fiscal 2025, compared with $2.85 a year earlier.
When will DoorDash report its next earnings?
DoorDash is expected to report results for the quarter ending September 30, 2026 on November 4, 2026 after the market closes.
When does DoorDash's fiscal year end?
DoorDash's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 18, 2026.