DoorDash, Inc. (DASH) Stock

DoorDash, Inc. (DASH) is a Technology stock trading at $190.21 (as of 2026-07-15), with a market capitalization of $84.13B and a trailing P/E of 92.9. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

DoorDash, Inc. operates a logistics platform that connects merchants, consumers, and dashers in the United States and internationally. It operates DoorDash and Wolt marketplaces, which provides an array of services that enable merchants to solve mission-critical challenges, such as customer acquisition, delivery, insights and analytics, merchandising, payment processing, and customer support; DashPass and Wolt+, a membership products; and offers DoorDash Drive and Wolt Drive, a white-label delivery fulfillment services; DoorDash Storefront that enables merchants to offer consumers on-demand access to e-commerce; and Bbot, which offers merchants digital ordering and payment solutions for in-store and online channels. The company was formerly known as Palo Alto Delivery Inc. and changed its name to DoorDash, Inc. in 2015. DoorDash, Inc. was incorporated in 2013 and is headquartered in San Francisco, California.

Understand DoorDash, Inc.: how it makes money

DoorDash operates a logistics marketplace that connects merchants, consumers, and dashers, and it makes money through its DoorDash and Wolt marketplaces plus related services such as DashPass and Wolt+ memberships and delivery fulfillment and merchant tools like DoorDash Storefront, including DoorDash Drive and Wolt Drive.

DoorDashs profit model is structurally tied to the health and scale of its marketplace network (merchants, consumers, and dashers) that drives Marketplace Gross Order Value, with additional monetization layered in through membership (DashPass, Wolt+) and broader service offerings (Drive and Storefront).

Business quality (Mixed): Strong structural marketplace focus with multiple monetization layers, but the latest quarter shows operating profitability that is present yet modest (operating margin 3.7), and key growth indicators beyond order volume include membership and non-US penetration that can be hard to sustain or accelerate.

Valuation: Trades at 71× trailing earnings · $67B market cap.

Bull case

  • Multiple monetization layers on top of the marketplace: Beyond connecting merchants and consumers with dashers, DoorDash also offers membership products (DashPass, Wolt+) and delivery fulfillment services (DoorDash Drive, Wolt Drive), plus DoorDash Storefront for merchants.
  • Marketplace scale signals ongoing consumer engagement: Monthly Active Users at period end is 56,000,000, alongside Marketplace Gross Order Value of 31.6 (USD_B).
  • International expansion exists through Wolt: The business operates DoorDash and Wolt marketplaces internationally, with Non-United States share of restaurant sales (global) at 5% and Non-United States non-restaurant spend penetration at 1%.

Bear case

  • Profitability can be sensitive even when volume is present: The latest quarter operating margin is 3.7, which can leave less room for cost pressure or execution issues.
  • Growth in non-core areas may be slower: International non-restaurant penetration is 1%, which suggests non-US scale outside restaurants may be limited.
  • Maintaining marketplace liquidity is essential: Because the platform relies on merchants, consumers, and dashers for delivery execution, any imbalance in supply and demand can affect Marketplace Gross Order Value and engagement.
Valuation — source: SEC EDGAR (first-party)
Price$190.21
Market Cap$84.13B
P/E Ratio92.9
EV / EBITDA53.6
Price / Book8.25
Price / Sales6.10
FCF Yield4.6%
DCF Value (model)$44.71
DCF Upside vs Price-76.5%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$13.72B
Net Margin6.8%
Revenue Growth (YoY)27.9%
EPS Growth (YoY)630.0%
FCF Growth (YoY)7.2%
Financial Health — source: SEC EDGAR
Altman Z-Score5.88 (safe)
Valuation vs Sector & Industry
Stock P/E92.9
Sector P/E (Technology)34.5
Industry P/E (Business Services)30.8
vs Sector169.1%
vs Industry201.2%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($9.84B)
Institutional Holders Tracked10
Congressional Trades (recent)10
Company
SectorTechnology
IndustryBusiness Services
CEOTony Xu
Employees23,700
CountryUS
IPO Date2020-12-09

Related Companies (Business model: Two-Sided Marketplace; 8 closest by market cap)

  • Uber Technologies, Inc. (UBER)
  • Booking Holdings Inc. (BKNG)
  • Airbnb, Inc. (ABNB)
  • eBay Inc. (EBAY)
  • Live Nation Entertainment, Inc. (LYV)
  • Etsy, Inc. (ETSY)
  • Zillow Group, Inc. Class C (Z)
  • Lyft, Inc. (LYFT)
DASH earnings history · DASH institutional & insider holders · DASH KPIs & operating metrics · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-07-15.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.