DoorDash is headquartered in San Francisco, California, and operates a technology platform that facilitates on-demand delivery from local restaurants, grocery stores, and retailers. Consumers use the DoorDash app and website to place orders, while merchants use the platform to manage delivery logistics and reach customers outside their physical locations.
The company expanded internationally through its 2022 acquisition of Wolt, which extended operations into Europe and parts of Asia. As of 2025, DoorDash operates in more than 30 countries. The United States remains its largest market, accounting for approximately 86.1% of second-quarter 2025 revenue.
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Company Snapshot
| Price | $233 | Category | Aggressive | |
| Market Cap | $100.4B | Dividend | 0 | 0 |
| P/E Ratio | 118.31 | Analyst Avg | 1-Yr Target | $276 |
| Consensus EPS Estimate | 1Q | 2Q | 3Q | 4Q |
| 2026 | 0.57E | 0.69E | 0.74E | 0.65E |
| 2025 | 0.44A | 0.65A | 0.55A | 0.46E |
| 2024 | -0.06A | -0.38A | 0.38A | 0.33A |
*Aggressive/Moderate/Conservative labels describe broad business characteristics for educational purposes only. They are not risk ratings, investment guidance, or recommendations. A = Actual, E = Estimated. Market metrics such as beta, valuation multiples, and analyst estimates are widely referenced in financial research. Their relevance depends on an individual’s goals, time horizon, and risk tolerance. These figures are for informational purposes only and should not be interpreted as predictions or guidance.
Keys for Success
If you live in the United States, DoorDash is your near-default choice for app-based delivery. With well over half the US food delivery market – and an estimated 2/3rds of all orders – DoorDash has done what many believed was impossible: creating clear, profitable scale in a notoriously fickle industry. DoorDash’s revenue has been growing rapidly over the past 4 years. For the years ended Dec 31, 2022, 2023, and 2024, DoorDash’s revenues were $6.58 billion, $8.63 billion, and $10.72 billion, respectively, representing 35%, 31%, and 24% growth rates, respectively.
DoorDash has been investing in strategic acquisitions. Since the Wolt acquisition, DoorDash has expanded into four new countries and 500 new cities in Europe and Asia. It bought SevenRooms in 2025 for reservations and marketing tools. It purchased Symbiosys in 2025 to boost advertising technology. Announced plan to acquire Deliveroo in 2025, furthering global reach.
DoorDash is consistently investing in expanding its partner base. A partnership with Albertsons will help it deliver groceries within 30 minutes across 20 major cities. Plus, partnerships with Grocery Outlet, Sprouts, EG America, Big Lots, Dick’s Sporting Goods, Giant Eagle, Weis Markets, and The Raley’s further expand the partner base. A partnership with ALDI offers on-demand alcohol delivery. DoorDash also partnered with retailers such as CUB, Eataly, El Super, Fiesta Mart, Lowe’s Markets, Pruett’s Food, Stater Bros. Markets, and Strack & Van Til. DoorDash announced that nearly 260 Northeast Grocery stores are now available on its app for on-demand grocery delivery.
In the most recent 3Q, revenues increased 27.3% year over year to $3.45 billion, beating the consensus mark by 2.41%. In the 3Q of 2025, total orders increased 21% year over year to 776 million. DoorDash has a solid balance sheet. As of Sept. 30, 2025, DoorDash had $8.32 billion in cash and cash equivalents, up from $7.74 billion as of June. 30, 2025.
Keys for Concern
DoorDash is facing intense competition in its largest business category, local food delivery logistics. The company is constantly vying for market share with other local logistics platforms such as Uber Eats, Grubhub, and Postmates. As the company expanded internationally, both the cost of revenues and operating expenses increased to support business expansion. For Sept. 30, 2025, the cost of revenues rose 23% year over year to $1.7 billion.
Mark Notes
DoorDash is not a low-risk, slow-and-steady type of business. It faces ongoing debates around gig-worker classification, fee caps, and regulatory overhangs. But despite these concerns, DoorDash is a high-growth, cash-generating leader that is still early in its evolution. The stock fell 20% after its 3Q report, providing a good entry point.
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This article is for general informational and educational purposes only. It is not intended as financial advice, investment guidance, or a recommendation to buy or sell any security. The content reflects publicly available information and broad market commentary. Readers should conduct their own research and consult a licensed financial professional before making investment decisions.