DoorDash (DASH)
Market Price (3/30/2026): $146.5 | Market Cap: $63.4 BilSector: Consumer Discretionary | Industry: Specialized Consumer Services
DoorDash (DASH)
Market Price (3/30/2026): $146.5Market Cap: $63.4 BilSector: Consumer DiscretionaryIndustry: Specialized Consumer Services
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 28% | Weak multi-year price returns2Y Excs Rtn is -15% | Expensive valuation multiplesP/SPrice/Sales ratio is 4.6x, P/EBITPrice/EBIT or Price/(Operating Income) ratio is 87x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 26x, P/EPrice/Earnings or Price/(Net Income) is 68x |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 18%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 13%, CFO LTM is 2.4 Bil | Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.3% | |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -50% | Short seller reportCulper Research report on 10/23/2025. | |
| Low stock price volatilityVol 12M is 46% | Key risksDASH key risks include [1] legal and regulatory battles over its driver classification model and alleged anti-competitive practices, Show more. | |
| Megatrend and thematic driversMegatrends include E-commerce & Digital Retail, and E-commerce & DTC Adoption. Themes include Online Marketplaces, Last-Mile Delivery, Show more. |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 28% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 18%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 13%, CFO LTM is 2.4 Bil |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -50% |
| Low stock price volatilityVol 12M is 46% |
| Megatrend and thematic driversMegatrends include E-commerce & Digital Retail, and E-commerce & DTC Adoption. Themes include Online Marketplaces, Last-Mile Delivery, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -15% |
| Expensive valuation multiplesP/SPrice/Sales ratio is 4.6x, P/EBITPrice/EBIT or Price/(Operating Income) ratio is 87x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 26x, P/EPrice/Earnings or Price/(Net Income) is 68x |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.3% |
| Short seller reportCulper Research report on 10/23/2025. |
| Key risksDASH key risks include [1] legal and regulatory battles over its driver classification model and alleged anti-competitive practices, Show more. |
Qualitative Assessment
AI Analysis | Feedback
DoorDash (DASH) stock has lost about 25% since 11/30/2025 because of the following key factors:
1. Weaker-than-expected Q4 2025 Earnings and Q1 2026 Outlook.
DoorDash reported its Q4 2025 earnings on February 18, 2026, with an Earnings Per Share (EPS) of $0.48, missing analysts' consensus estimates of $0.58 by $0.10, a negative surprise of 17.24%. Quarterly revenue of $3.96 billion also fell slightly short of expectations. This came after a Q3 2025 EPS miss, where the company reported $0.55 against an estimate of $0.68. Furthermore, DoorDash's Q1 2026 adjusted EBITDA guidance was lower than anticipated, reflecting incremental investments in Deliveroo and other factors, contributing to investor caution.
2. Increased Investment Spending in 2026 Pressuring Near-Term Profitability.
Management has indicated plans for "several hundred million dollars" in additional expansion-related spending throughout 2026, aimed at strengthening its fulfillment network and building a new global technology platform. These significant investments, particularly in international operations, grocery, and retail categories, are expected to pressure near-term margins and EBITDA projections for 2026, dampening investor enthusiasm for profitability in the short term.
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1. Weaker-than-expected Q4 2025 Earnings and Q1 2026 Outlook.
DoorDash reported its Q4 2025 earnings on February 18, 2026, with an Earnings Per Share (EPS) of $0.48, missing analysts' consensus estimates of $0.58 by $0.10, a negative surprise of 17.24%. Quarterly revenue of $3.96 billion also fell slightly short of expectations. This came after a Q3 2025 EPS miss, where the company reported $0.55 against an estimate of $0.68. Furthermore, DoorDash's Q1 2026 adjusted EBITDA guidance was lower than anticipated, reflecting incremental investments in Deliveroo and other factors, contributing to investor caution.
2. Increased Investment Spending in 2026 Pressuring Near-Term Profitability.
Management has indicated plans for "several hundred million dollars" in additional expansion-related spending throughout 2026, aimed at strengthening its fulfillment network and building a new global technology platform. These significant investments, particularly in international operations, grocery, and retail categories, are expected to pressure near-term margins and EBITDA projections for 2026, dampening investor enthusiasm for profitability in the short term.
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Stock Movement Drivers
Fundamental Drivers
The -26.1% change in DASH stock from 11/30/2025 to 3/29/2026 was primarily driven by a -31.2% change in the company's P/E Multiple.| (LTM values as of) | 11302025 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 198.37 | 146.60 | -26.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 12,635 | 13,717 | 8.6% |
| Net Income Margin (%) | 6.8% | 6.8% | -0.2% |
| P/E Multiple | 98.6 | 67.8 | -31.2% |
| Shares Outstanding (Mil) | 429 | 433 | -0.9% |
| Cumulative Contribution | -26.1% |
Market Drivers
11/30/2025 to 3/29/2026| Return | Correlation | |
|---|---|---|
| DASH | -26.1% | |
| Market (SPY) | -5.3% | 43.2% |
| Sector (XLY) | -10.4% | 47.1% |
Fundamental Drivers
The -40.2% change in DASH stock from 8/31/2025 to 3/29/2026 was primarily driven by a -49.2% change in the company's P/E Multiple.| (LTM values as of) | 8312025 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 245.25 | 146.60 | -40.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 11,895 | 13,717 | 15.3% |
| Net Income Margin (%) | 6.6% | 6.8% | 3.8% |
| P/E Multiple | 133.5 | 67.8 | -49.2% |
| Shares Outstanding (Mil) | 425 | 433 | -1.7% |
| Cumulative Contribution | -40.2% |
Market Drivers
8/31/2025 to 3/29/2026| Return | Correlation | |
|---|---|---|
| DASH | -40.2% | |
| Market (SPY) | 0.6% | 42.2% |
| Sector (XLY) | -8.5% | 42.6% |
Fundamental Drivers
The -26.1% change in DASH stock from 2/28/2025 to 3/29/2026 was primarily driven by a -89.9% change in the company's P/E Multiple.| (LTM values as of) | 2282025 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 198.44 | 146.60 | -26.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 10,722 | 13,717 | 27.9% |
| Net Income Margin (%) | 1.1% | 6.8% | 494.2% |
| P/E Multiple | 672.9 | 67.8 | -89.9% |
| Shares Outstanding (Mil) | 417 | 433 | -3.6% |
| Cumulative Contribution | -26.1% |
Market Drivers
2/28/2025 to 3/29/2026| Return | Correlation | |
|---|---|---|
| DASH | -26.1% | |
| Market (SPY) | 9.8% | 56.5% |
| Sector (XLY) | -1.3% | 55.2% |
Fundamental Drivers
The 168.2% change in DASH stock from 2/28/2023 to 3/29/2026 was primarily driven by a 108.4% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 2282023 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 54.66 | 146.60 | 168.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 6,583 | 13,717 | 108.4% |
| P/S Multiple | 3.2 | 4.6 | 43.8% |
| Shares Outstanding (Mil) | 387 | 433 | -10.5% |
| Cumulative Contribution | 168.2% |
Market Drivers
2/28/2023 to 3/29/2026| Return | Correlation | |
|---|---|---|
| DASH | 168.2% | |
| Market (SPY) | 69.4% | 52.9% |
| Sector (XLY) | 49.0% | 51.7% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| DASH Return | 4% | -67% | 103% | 70% | 35% | -33% | 6% |
| Peers Return | 5% | -31% | 42% | 38% | 10% | -2% | 52% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -5% | 72% |
Monthly Win Rates [3] | |||||||
| DASH Win Rate | 50% | 25% | 58% | 67% | 67% | 0% | |
| Peers Win Rate | 54% | 38% | 52% | 63% | 52% | 47% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 33% | |
Max Drawdowns [4] | |||||||
| DASH Max Drawdown | -21% | -71% | -3% | -5% | -3% | -33% | |
| Peers Max Drawdown | -14% | -40% | -13% | -6% | -17% | -11% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -5% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: UBER, CART, AMZN, WMT, TGT. See DASH Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 3/27/2026 (YTD)
How Low Can It Go
| Event | DASH | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -82.5% | -25.4% |
| % Gain to Breakeven | 471.2% | 34.1% |
| Time to Breakeven | 990 days | 464 days |
Compare to UBER, CART, AMZN, WMT, TGT
In The Past
DoorDash's stock fell -82.5% during the 2022 Inflation Shock from a high on 11/12/2021. A -82.5% loss requires a 471.2% gain to breakeven.
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About DoorDash (DASH)
DoorDash, Inc. operates a logistics platform that connects merchants, consumers, and dashers in the United States and internationally. It operates DoorDash marketplace, 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; and offers DoorDash Drive, a white-label logistics service; DoorDash Storefront that enables merchants to offer consumers on-demand access to e-commerce. 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.
AI Analysis | Feedback
Here are 1-3 brief analogies for DoorDash:
Uber for local delivery of food and goods
A localized Amazon for on-demand delivery from restaurants and stores
AI Analysis | Feedback
```html- DoorDash Marketplace: A logistics platform connecting consumers, merchants, and dashers, offering services like customer acquisition, delivery, and payment processing to merchants.
- DoorDash Drive: A white-label logistics service that enables merchants to utilize DoorDash's delivery network for orders placed directly through their own channels.
- DoorDash Storefront: An e-commerce solution that allows merchants to create their own online stores, providing consumers with on-demand access to their products.
AI Analysis | Feedback
DoorDash (symbol: DASH) primarily serves individual consumers across various categories, facilitating on-demand delivery of goods from a wide array of merchants. While DoorDash provides significant services and tools to its merchant partners, the platform's core revenue and daily operations are driven by the large volume of individual consumer orders.
The major categories of customers that DoorDash serves are:
- Restaurant Food Delivery Customers: These are individuals who use the DoorDash platform to browse menus and order prepared meals from local and national restaurants, opting for convenient delivery to their specified location.
- Grocery and Convenience Shoppers: This category includes consumers who utilize DoorDash for on-demand delivery of groceries, convenience store items, alcohol, and other retail goods from a variety of stores partnered with the platform.
- DashPass Subscribers: A segment of highly engaged individual customers who pay a recurring subscription fee for benefits such as $0 delivery fees and reduced service fees on eligible orders, indicating frequent and loyal usage of DoorDash's services.
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Tony Xu, Chief Executive Officer and Co-Founder
Tony Xu is a co-founder of DoorDash and has served as its Chief Executive Officer and a director since May 2013. Prior to co-founding DoorDash, Mr. Xu held key roles at Matrix Partners, Square, eBay, and McKinsey & Company. He has served on the board of directors of Meta Platforms, Inc. since January 2022. His background in business development and strategy was instrumental in DoorDash's growth, and his mother's experience as a restaurant worker inspired the company's mission.
Ravi Inukonda, Chief Financial Officer
Ravi Inukonda joined DoorDash in November 2018 as Vice President of Finance and Strategy and has served as Chief Financial Officer since March 2023. Before joining DoorDash, Mr. Inukonda was the Head of Finance for Uber Eats from November 2015 to November 2018. He also held positions as Vice President at Accel-KKR, a technology-focused private equity firm, and Battery Ventures, and worked in investment banking at Goldman Sachs. His experience includes roles with private equity firms and in investment banking.
Prabir Adarkar, Chief Operating Officer and President
Prabir Adarkar has served as DoorDash's Chief Operating Officer and President since March 2023, and previously served as Chief Financial Officer from August 2018 until March 2023. Prior to DoorDash, he served as Vice President of Finance (Head of Strategic Finance) at Uber Technologies, Inc. from September 2015 to August 2018. From July 2008 to September 2015, he was with The Goldman Sachs Group, Inc., where he served as Vice President, Technology, Media & Telecommunications Investment Banking.
Andy Fang, Co-Founder and Head of LaunchPad
Andy Fang is a co-founder of DoorDash and has served as Head of LaunchPad, the company's new software products team, since November 2022. He previously served as Chief Technology Officer from May 2013 to February 2019 and subsequently as Head of Consumer Engineering until November 2022. He co-founded DoorDash with Tony Xu and Stanley Tang while they were students at Stanford University. His early career included a software engineering internship at Facebook.
Stanley Tang, Co-Founder and Head of DoorDash Labs
Stanley Tang is a co-founder of DoorDash and has served as Head of DoorDash Labs, the internal robotics and automation organization, since November 2017. He previously held the role of Chief Product Officer from May 2013 to November 2017. Before co-founding DoorDash, Mr. Tang was a Software Engineer at Meta Platforms, Inc. (Facebook). He also achieved recognition as an Amazon bestselling author at the age of 14 with his book "eMillions".
AI Analysis | Feedback
Here are the key risks to DoorDash's business:1. Rising Labor and Regulatory Costs, including Worker Classification
DoorDash faces significant risks from rising labor costs, particularly due to minimum wage increases for delivery and grocery services in various cities, which could negatively impact its margins. A major ongoing challenge is the regulatory scrutiny surrounding the classification of its Dashers as independent contractors. If Dashers are reclassified as employees under federal or state law, DoorDash's business model and operations would need significant alterations, potentially increasing costs and affecting its ability to attract and retain Dashers. An increase in Dasher costs per order has also been noted due to seasonality, investments in system capacity, and annual cost increases in regulated markets.2. Intensifying Competition and Consumer Demand Sensitivity
The company operates in a highly competitive delivery ecosystem with rivals such as Uber Eats and Grubhub, leading to pressures from promotional activities and potential market share erosion. Additionally, DoorDash is susceptible to consumer demand sensitivity, especially in an uncertain macroeconomic environment, which could impact consumer spending on delivery services and affect the company's financial results.3. Execution Risks of New Initiatives and International Expansion, and Maintaining Profitability
DoorDash is making substantial investments in new ventures like autonomous drone delivery, robotics initiatives, and expanding its international presence, notably through acquisitions such as Deliveroo. There are inherent risks in the execution of these initiatives, including potential delays, technical issues, regulatory challenges, and difficulties in integrating operations across different countries. If cost synergies do not materialize or local market differences are underestimated, these investments may not yield the expected returns. While DoorDash has achieved profitability, maintaining and increasing it amidst these aggressive investment plans and ongoing cost pressures remains a significant risk.AI Analysis | Feedback
The increasing trend of merchants, particularly large restaurant chains and grocery stores, investing heavily in and promoting their own direct online ordering platforms, mobile applications, and in-house delivery capabilities. This strategic shift aims to reduce their reliance on third-party aggregators like DoorDash due to high commission fees and a desire to own the customer relationship and data. While DoorDash offers services like Storefront and Drive to mitigate this, the broader movement towards merchant disintermediation poses an emerging threat by potentially reducing order volume and profitability for DoorDash's core marketplace business as merchants seek to bypass the aggregator model and engage directly with consumers.
AI Analysis | Feedback
DoorDash (DASH) operates within several significant addressable markets for its main products and services:
- DoorDash Marketplace (Online Food Delivery): The global online food delivery market was valued at approximately $319.99 billion in 2025 and is projected to grow to about $728.83 billion by 2034, exhibiting a compound annual growth rate (CAGR) of 9.58% during that period. Another estimate places the global market at $257.43 billion in 2025, expanding to around $694.65 billion by 2035, with a CAGR of 10.44% from 2026 to 2035. In the United States, the online food delivery market is expected to reach approximately $93.36 billion by 2030, with a CAGR of 9.6% from 2025 to 2030.
- New Verticals (Grocery and Retail Delivery): DoorDash is actively expanding into new verticals such as grocery, convenience, and other retail deliveries. While a specific total addressable market (TAM) for these combined new verticals was not provided, the online grocery and convenience delivery segment is growing rapidly, advancing at a CAGR of 14.18% between 2026 and 2031. In 2025, DoorDash became the leading third-party marketplace in order volume across grocery and retail in the U.S.
- DoorDash Drive (White-Label Logistics Service): DoorDash Drive, the company's white-label logistics service, operates within the broader last-mile delivery market. The global last-mile delivery market was valued at approximately $201 billion in 2025 and is projected to grow at a 12% compound annual rate through 2029.
For DoorDash Storefront, a service that enables merchants to offer consumers on-demand access to e-commerce, a specific addressable market size could not be definitively identified.
AI Analysis | Feedback
Here are 3-5 expected drivers of future revenue growth for DoorDash (DASH) over the next 2-3 years:
- Expansion into New Verticals: DoorDash is aggressively diversifying its services beyond restaurant delivery into high-growth categories such as grocery, convenience, alcohol, and general retail. The company has forged partnerships with major grocers and retailers, seeing significant growth in order volume and customer acquisition within these new segments.
- International Expansion and Strategic Acquisitions: DoorDash is strategically expanding its global footprint, primarily through acquisitions like Wolt and Deliveroo. International markets have shown faster growth rates compared to domestic operations and are anticipated to be substantial contributors to future revenue and profitability, despite some market consolidations.
- Growth in DashPass Subscriptions and Enhanced Customer Engagement: The DashPass subscription program remains a critical driver for increasing customer retention and order frequency across all verticals. DoorDash continues to expand its customer base and boost engagement from existing users by improving selection and quality across its diverse offerings.
- Expansion of Advertising Revenue Streams: DoorDash is actively growing its advertising business, which is enhancing its net revenue margin. The company achieved a $1 billion annualized ad revenue run rate in Q2 2025, indicating that advertising will continue to be a meaningful contributor to overall revenue.
- Investment in Technology and Operational Efficiency: Strategic investments in a unified global technology platform, autonomous delivery initiatives, and advanced merchant services are expected to drive long-term revenue growth. These technological advancements aim to improve efficiency, speed, and enable the launch of new services, thereby strengthening DoorDash's competitive position and profitability.
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Share Repurchases
- DoorDash authorized a $400 million share buyback program in May 2022, primarily to offset dilution from employee stock compensation.
- In 2023, the company repurchased $750 million of its Class A common stock, completing a previous authorization.
- A new share repurchase program of up to $1.1 billion was authorized in February 2024, with $224 million repurchased in 2024 and approximately $881 million remaining as of July 2024. In February 2025, DoorDash authorized a new $5.0 billion repurchase program, inclusive of the remaining amount from the 2024 program.
Share Issuance
- DoorDash became a public company in December 2020 through an initial public offering (IPO), raising $3.37 billion by offering 33,000,000 shares of its Class A common stock at $102.00 per share.
- The number of shares outstanding has increased year-over-year, from approximately 0.34 billion in 2021 to 0.43 billion in 2024, and 0.44 billion in 2025.
- In May 2025, DoorDash closed an offering of $2.75 billion aggregate principal amount of 0% convertible senior notes due 2030, with net proceeds of approximately $2.72 billion used for general corporate purposes, including potential acquisitions and share repurchases, and to fund a hedge against share dilution.
Outbound Investments
- In November 2021, DoorDash acquired the Finnish technology company Wolt for over $8.1 billion (equivalent to €7 billion), significantly expanding its international presence in Europe and Asia.
- DoorDash led a $750 million Series B funding round for Flink, an instant grocery delivery startup, in December 2021.
- In May 2025, DoorDash acquired the UK-based food delivery company Deliveroo for $3.9 billion, further expanding its reach in Europe, Asia, and the Middle East, and also acquired the hospitality technology platform SevenRooms for $1.2 billion in cash.
Capital Expenditures
- DoorDash's capital expenditures were $129 million in 2021, $176 million in 2022, $123 million in 2023, and $104 million in 2024.
- Capital expenditures are estimated to have peaked at $235 million for the latest twelve months ending September 2025, and are forecast at $257 million for the fiscal year 2025.
- The primary focus of capital expenditures includes investing in business expansion, strategic initiatives, a new global tech platform, rolling out fresh products, and integrating acquisitions. The business model is considered capital-light.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Is DoorDash Stock Built to Withstand More Downside? | 02/26/2026 | |
| Is 25.9% Fall In DoorDash (DASH) Stock A Buying Opportunity? | 02/13/2026 | |
| Is DoorDash Stock Outperforming Its Rivals? | 12/30/2026 | |
| DoorDash Earnings Notes | 12/24/2025 | |
| DoorDash Stock On Fire: Up 18% With 6-Day Winning Streak | 12/04/2025 | |
| DoorDash Stock Rockets 11% With 5-Day Winning Streak | 12/03/2025 | |
| DoorDash Stock On Fire: Up 11% With 5-Day Winning Streak | 12/03/2025 | |
| 5-Day Rally Sends DoorDash Stock Up 11% | 12/03/2025 | |
| ARTICLES | ||
| DoorDash Stock To $112? | 02/13/2026 | |
| DoorDash Stock vs Competition: Who Wins? | 12/30/2025 | |
| How Does DoorDash Stock Stack Up Against Its Peers? | 12/11/2025 | |
| S&P 500 Movers | Winners: GEV, WDC, LKQ | Losers: UBER, DASH, NFLX | 12/10/2025 | |
| DoorDash Stock Rockets 15% With 5-Day Winning Streak | 12/03/2025 |
Trade Ideas
Select ideas related to DASH.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 02272026 | MBLY | Mobileye Global | Dip Buy | DB | Cash/EquityDip Buyer with High Net Cash % EquityBuying dips for companies with significant net cash as a % of market cap along with meaningful cash flow generation | 0.0% | 0.0% | 0.0% |
| 02202026 | SAH | Sonic Automotive | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | -5.9% | -5.9% | -6.1% |
| 02132026 | MAT | Mattel | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | 2.9% | 2.9% | 0.0% |
| 02132026 | SONO | Sonos | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | -0.7% | -0.7% | -4.6% |
| 02062026 | DECK | Deckers Outdoor | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 1.6% | 1.6% | -0.8% |
| 12122025 | DASH | DoorDash | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | -22.4% | -22.4% | -29.5% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 121.37 |
| Mkt Cap | 103.4 |
| Rev LTM | 78,398 |
| Op Inc LTM | 5,341 |
| FCF LTM | 5,265 |
| FCF 3Y Avg | 5,191 |
| CFO LTM | 8,330 |
| CFO 3Y Avg | 7,228 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 11.6% |
| Rev Chg 3Y Avg | 11.7% |
| Rev Chg Q | 13.0% |
| QoQ Delta Rev Chg LTM | 3.4% |
| Op Mgn LTM | 8.0% |
| Op Mgn 3Y Avg | 4.7% |
| QoQ Delta Op Mgn LTM | -0.0% |
| CFO/Rev LTM | 18.6% |
| CFO/Rev 3Y Avg | 16.3% |
| FCF/Rev LTM | 8.0% |
| FCF/Rev 3Y Avg | 9.2% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 103.4 |
| P/S | 2.6 |
| P/EBIT | 22.2 |
| P/E | 24.0 |
| P/CFO | 14.8 |
| Total Yield | 4.3% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | 3.6% |
| D/E | 0.1 |
| Net D/E | 0.0 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -4.9% |
| 3M Rtn | -14.6% |
| 6M Rtn | -12.4% |
| 12M Rtn | -0.7% |
| 3Y Rtn | 108.6% |
| 1M Excs Rtn | 2.2% |
| 3M Excs Rtn | -6.4% |
| 6M Excs Rtn | -8.6% |
| 12M Excs Rtn | -15.3% |
| 3Y Excs Rtn | 49.0% |
Comparison Analyses
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Single Segment | 10,722 | 8,635 | 2,886 | ||
| Marketplaces and Platform Services | 6,583 | 4,888 | |||
| Total | 10,722 | 8,635 | 6,583 | 4,888 | 2,886 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Single Segment | -38 | -579 | |||
| Total | -38 | -579 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Single Segment | 123 | -558 | |||
| Total | 123 | -558 |
Price Behavior
Price Behavior
| Market Price | $146.60 | |
| Market Cap ($ Bil) | 63.4 | |
| First Trading Date | 12/09/2020 | |
| Distance from 52W High | -48.0% | |
| 50 Days | 200 Days | |
| DMA Price | $179.64 | $224.89 |
| DMA Trend | down | down |
| Distance from DMA | -18.4% | -34.8% |
| 3M | 1YR | |
| Volatility | 43.9% | 46.2% |
| Downside Capture | 1.82 | 1.18 |
| Upside Capture | 112.17 | 114.79 |
| Correlation (SPY) | 46.2% | 55.7% |
DASH Betas & Captures as of 2/28/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 2.87 | 1.82 | 1.62 | 1.70 | 1.37 | 1.40 |
| Up Beta | -0.85 | 0.49 | 0.01 | 0.43 | 1.33 | 1.48 |
| Down Beta | 4.88 | 1.85 | 1.99 | 2.24 | 1.50 | 1.34 |
| Up Capture | 269% | 105% | 154% | 120% | 126% | 357% |
| Bmk +ve Days | 9 | 20 | 31 | 70 | 142 | 431 |
| Stock +ve Days | 9 | 17 | 30 | 62 | 137 | 409 |
| Down Capture | 380% | 299% | 209% | 201% | 127% | 106% |
| Bmk -ve Days | 12 | 21 | 30 | 54 | 109 | 320 |
| Stock -ve Days | 12 | 24 | 31 | 62 | 113 | 342 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with DASH | |
|---|---|---|---|---|
| DASH | -26.6% | 46.3% | -0.53 | - |
| Sector ETF (XLY) | 4.6% | 23.6% | 0.13 | 54.6% |
| Equity (SPY) | 14.5% | 18.9% | 0.59 | 56.3% |
| Gold (GLD) | 50.2% | 27.7% | 1.46 | 4.3% |
| Commodities (DBC) | 17.8% | 17.6% | 0.85 | 20.9% |
| Real Estate (VNQ) | 0.4% | 16.4% | -0.15 | 30.0% |
| Bitcoin (BTCUSD) | -23.7% | 44.2% | -0.49 | 29.7% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with DASH | |
|---|---|---|---|---|
| DASH | 0.9% | 55.5% | 0.23 | - |
| Sector ETF (XLY) | 5.6% | 23.7% | 0.20 | 58.8% |
| Equity (SPY) | 11.8% | 17.0% | 0.54 | 54.1% |
| Gold (GLD) | 20.7% | 17.7% | 0.96 | 5.5% |
| Commodities (DBC) | 11.6% | 18.9% | 0.50 | 7.7% |
| Real Estate (VNQ) | 3.0% | 18.8% | 0.07 | 37.0% |
| Bitcoin (BTCUSD) | 4.0% | 56.6% | 0.29 | 25.8% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with DASH | |
|---|---|---|---|---|
| DASH | -2.9% | 57.4% | 0.13 | - |
| Sector ETF (XLY) | 11.6% | 21.9% | 0.49 | 55.6% |
| Equity (SPY) | 14.0% | 17.9% | 0.67 | 51.1% |
| Gold (GLD) | 13.3% | 15.8% | 0.70 | 5.6% |
| Commodities (DBC) | 8.2% | 17.6% | 0.39 | 8.3% |
| Real Estate (VNQ) | 4.7% | 20.7% | 0.19 | 33.8% |
| Bitcoin (BTCUSD) | 66.4% | 66.8% | 1.06 | 20.8% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 2/18/2026 | 1.6% | -0.2% | -8.1% |
| 11/5/2025 | -17.5% | -17.4% | -5.3% |
| 8/6/2025 | 5.0% | -1.5% | -4.4% |
| 5/6/2025 | -7.4% | -6.5% | 7.2% |
| 2/11/2025 | 4.0% | 10.4% | -7.7% |
| 10/30/2024 | 0.9% | 9.3% | 16.3% |
| 8/1/2024 | 8.3% | 15.3% | 19.0% |
| 5/1/2024 | -10.3% | -11.3% | -13.6% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 13 | 9 | 10 |
| # Negative | 8 | 12 | 11 |
| Median Positive | 5.0% | 15.0% | 12.4% |
| Median Negative | -7.5% | -5.4% | -8.1% |
| Max Positive | 22.1% | 24.9% | 37.5% |
| Max Negative | -17.5% | -17.6% | -28.4% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 12/31/2025 | 02/18/2026 | 10-K |
| 09/30/2025 | 11/06/2025 | 10-Q |
| 06/30/2025 | 08/06/2025 | 10-Q |
| 03/31/2025 | 05/07/2025 | 10-Q |
| 12/31/2024 | 02/14/2025 | 10-K |
| 09/30/2024 | 10/30/2024 | 10-Q |
| 06/30/2024 | 08/01/2024 | 10-Q |
| 03/31/2024 | 05/01/2024 | 10-Q |
| 12/31/2023 | 02/20/2024 | 10-K |
| 09/30/2023 | 11/01/2023 | 10-Q |
| 06/30/2023 | 08/02/2023 | 10-Q |
| 03/31/2023 | 05/05/2023 | 10-Q |
| 12/31/2022 | 02/27/2023 | 10-K |
| 09/30/2022 | 11/04/2022 | 10-Q |
| 06/30/2022 | 08/05/2022 | 10-Q |
| 03/31/2022 | 05/06/2022 | 10-Q |
Recent Forward Guidance [BETA]
Latest: Q4 2025 Earnings Reported 2/18/2026 | Prior: Q3 2025 Earnings Reported 11/5/2025
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q1 2026 Marketplace GOV | 31.00 Bil | 31.40 Bil | 31.80 Bil | 7.5% | Higher New | Guidance: 29.20 Bil for Q4 2025 | |
| Q1 2026 Adjusted EBITDA | 675.00 Mil | 725.00 Mil | 775.00 Mil | -4.6% | Lower New | Guidance: 760.00 Mil for Q4 2025 | |
| 2026 Deliveroo Adjusted EBITDA Contribution | 200.00 Mil | 0 | Affirmed | Guidance: 200.00 Mil for 2026 | |||
| 2026 Stock-based compensation expense | 1.30 Bil | 1.35 Bil | 1.40 Bil | 22.7% | Higher New | Actual: 1.10 Bil for 2025 | |
| 2026 Depreciation and amortization expense | 1.10 Bil | 1.15 Bil | 1.20 Bil | 64.3% | Higher New | Actual: 700.00 Mil for 2025 | |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Still, Ashley | Direct | Sell | 1062026 | 229.80 | 63 | 14,477 | 526,472 | Form | |
| 2 | Fang, Andy | See footnote | Sell | 1062026 | 222.52 | 30,000 | Form | |||
| 3 | Tang, Stanley | See footnote | Sell | 1062026 | 222.53 | 45,410 | Form | |||
| 4 | Adarkar, Prabir | PRESIDENT AND COO | Direct | Sell | 12232025 | 234.57 | 30,000 | 7,037,101 | 205,044,710 | Form |
| 5 | Inukonda, Ravi | CHIEF FINANCIAL OFFICER | Direct | Sell | 12232025 | 231.97 | 1,425 | 330,557 | 42,691,063 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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