| Metric | Value |
|---|---|
| Close | $173.06 (+5.28% today) |
| Market Cap | $75.2 Billion |
| 52W High | ~$285 |
| 52W Low | ~$155 |
| Distance from 52W High | -39.38% |
| YTD Performance | -23.59% |
| 1-Year Performance | -9.52% |
| 6-Month Performance | -29.44% |
| Analyst Target | $263.42 (+52% upside) |
| Analyst Rating | 1.53 (Strong Buy) |
| Beta | 1.82 |
The stock is deep in a drawdown -- nearly 40% off its 52-week high. Today's +5.28% bounce is notable but doesn't reverse the trend.
The last two quarters missed estimates badly, which is why the stock has cratered:
| Quarter | Actual EPS | Estimate | Surprise |
|---|---|---|---|
| Q4 2025 (Dec '25) | $0.48 | $0.60 | -19.7% |
| Q3 2025 (Sep '25) | $0.55 | $0.70 | -22.0% |
| Q2 2025 (Jun '25) | $0.65 | $0.45 | +44.8% |
| Q1 2025 (Mar '25) | $0.44 | $0.40 | +10.8% |
Two consecutive double-digit misses after strong beats. This is the core reason for the sell-off. The street expected DoorDash to accelerate profitability; instead, earnings decelerated while the company leaned into acquisitions.
| Metric | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|
| Revenue | $3.03B | $3.28B (+8%) | $3.45B (+5%) | $3.96B (+15%) |
| Gross Income | $1.38B | $1.51B (+9%) | $1.59B (+5%) | $1.75B (+10%) |
| Net Income | $193M | $285M (+48%) | $244M (-14%) | $213M (-13%) |
| EPS (Diluted) | $0.44 | $0.65 (+47%) | $0.55 (-15%) | $0.48 (-13%) |
| EBITDA | $324M | $344M (+6%) | $445M (+29%) | $475M (+7%) |
Revenue is accelerating (Q4 was +15% QoQ), but net income has declined two quarters in a row. The divergence is the story: revenue is growing while profitability is shrinking. SG&A jumped 17.6% in Q4 and COGS rose 18.6% vs revenue growth of 14.8%. Operating margin sits at only 6.1%.
| Quarter | Free Cash Flow |
|---|---|
| Dec 2024 | $420M |
| Mar 2025 | $494M (+18%) |
| Jun 2025 | $355M (-28%) |
| Sep 2025 | $723M (+104%) |
| Dec 2025 | $254M (-65%) |
FCF is lumpy. The Dec 2025 quarter also saw a $2.95B acquisition (likely the Deliveroo or similar deal), on top of a $1.15B acquisition in Jun 2025. DoorDash is spending aggressively on M&A -- roughly $4.1B in acquisitions over two quarters.
| Metric | Value |
|---|---|
| Cash & ST Investments | $5.53B |
| Total Current Assets | $7.32B |
| Total Assets | $12.85B |
| Goodwill + Intangibles | $2.83B |
| Current Ratio | 1.39 |
| Debt/Equity | 0.33 |
The balance sheet is adequate but not a fortress. $5.5B cash against $4.1B in recent acquisitions means the war chest has thinned significantly. Debt/equity is modest at 0.33, but the Jun 2025 quarter showed $2.04B in new long-term debt issuance to fund acquisitions.
| Metric | Value | Interpretation |
|---|---|---|
| P/E | 81.38 | Expensive on trailing earnings |
| Forward P/E | 37.72 | Still premium, assumes strong growth |
| PEG | 0.80 | Reasonable if growth materializes |
| P/S | 5.48 | Moderate for a growth platform |
| P/FCF | 41.19 | Elevated |
| EPS Next Year | +73.9% | Analysts expect a big rebound |
| EPS Next 5Y | +46.96%/yr | Very aggressive growth expectations |
The valuation hinges entirely on the forward growth story. At 81x trailing earnings, it's objectively expensive. But at a PEG of 0.80 and 47%/yr expected EPS growth over 5 years, the price is arguably fair if DoorDash executes. The gap between trailing P/E (81) and forward P/E (38) shows the market is pricing in a big earnings acceleration.
| Metric | Value |
|---|---|
| ROA | 5.75% |
| ROE | 10.48% |
| ROIC | 7.07% |
| Gross Margin | 45.43% |
| Operating Margin | 6.13% |
| Net Profit Margin | 6.82% |
This is the weak spot. Margins are thin for a tech-enabled platform company. A 6% operating margin means DoorDash is barely profitable at scale. For comparison, Uber's operating margin is in a similar range, but pure software platforms typically run 20-40%. DoorDash's delivery logistics are capital- and labor-intensive, which structurally caps margins.
| Indicator | Value | Signal |
|---|---|---|
| RSI(14) | 39.5 | Oversold territory (approaching 30) |
| MACD | -11.13 vs signal -11.28 | Bearish, but histogram just turned positive (0.16) |
| Price vs SMA20 | -5.45% below | Bearish |
| Price vs SMA50 | -18.9% below | Strongly bearish |
| Price vs SMA200 | -32.48% below | Deep downtrend |
| Bollinger Band | Lower: $150.17, Upper: $214.82 | Wide bands = high volatility |
| Momentum(10) | -6.78 | Bearish |
| Momentum(20) | -16.54 | Strongly bearish |
| Weekly Volatility | 5.57% | Very high |
The technical picture is ugly. Price is below every major moving average by a wide margin. RSI near 40 is oversold but not at capitulation levels (30). The one tiny green shoot: the MACD histogram just barely flipped positive, hinting at a potential bottoming process. But this is not a confirmed reversal.
| Metric | Value |
|---|---|
| Insider Ownership | 18.61% (high -- founders still aligned) |
| Insider Transactions | -0.92% (mild selling) |
| Institutional Ownership | 78.0% |
| Institutional Transactions | +2.72% (institutions buying the dip) |
| Short Float | 3.41% |
| Short Ratio | 2.32 days |
Institutional buying at +2.72% during a major drawdown is a bullish signal -- smart money is adding, not fleeing. Short interest at 3.4% is moderate, not crowded. Insider ownership of 18.6% is among the highest for companies this size, showing founder commitment.
- Margin fragility -- 6% operating margin leaves zero buffer. Any cost escalation (driver pay regulation, insurance, competition) could push DASH back to losses.
- Acquisition integration -- $4.1B in M&A in two quarters is aggressive. Integration risk is real, and it's diluting near-term profitability.
- Two consecutive earnings misses -- The street has lost confidence. Even good quarters may get "prove it" treatment for several cycles.
- Competitive pressure -- Uber Eats, Instacart, and regional players continue to compete on pricing and Dasher incentives.
- Regulatory risk -- Gig economy legislation (driver classification, minimum pay) is an ongoing overhang.
- Volatility -- Beta of 1.82 and weekly volatility of 5.6% means violent swings. Not for the faint of heart.
- Revenue growing 15%+ and accelerating (Q4 best in recent quarters)
- PEG of 0.80 with 47%/yr expected EPS growth over 5 years
- Dominant US food delivery market share (~67%)
- Expanding into grocery, convenience, and international markets (acquisitions)
- Institutional buying into the weakness (+2.72%)
- Analyst target implies 52% upside
- RSI near oversold -- technical bounce setup
- Two consecutive large earnings misses (-20% and -22%)
- Margins are thin and not expanding despite revenue growth
- $4.1B in acquisitions may not pay off for years
- Stock in a clear downtrend, well below all moving averages
- The "profitability acceleration" thesis that drove the stock to $285 has broken down
- Competition is intensifying globally
MCD, SBUX, CMG, YUM, QSR, DRI, DPZ, TXRH, CAVA, BROS
Rating: Cautious Buy on a 12-18 month horizon. Not for short-term traders.
The setup is classic "fallen growth stock at a crossroads." DASH has been cut nearly 40% and is trading at a PEG under 1 with institutional buying. If you believe DoorDash can convert its market dominance and acquisition spending into margin expansion over the next 2 years, this is an attractive entry point -- you're buying at a level that prices in significant pessimism.
However, the two consecutive earnings misses are not noise. They reveal that scaling revenue and scaling profits are different problems. The 6% operating margin means DoorDash still hasn't solved unit economics at scale. The $4B in acquisitions adds execution risk.
Who should buy: Patient investors with a 1-2 year horizon who can tolerate 30%+ drawdowns and believe in the food/grocery delivery secular trend. The risk/reward at $173 is favorable if DoorDash can get operating margins to 10-12% over the next 6-8 quarters.
Who should avoid: Anyone needing near-term returns, low volatility, or income. This is a high-beta growth stock in a downtrend with no dividend and thin margins. Wait for a confirmed MACD crossover above zero or an earnings beat to re-enter with more conviction.
Key levels to watch:
- Support: $155 (52-week low) -- if this breaks, the next leg down could be violent
- Resistance: $182 (SMA20) -- a close above this starts the recovery conversation
- Upside target: $263 (analyst consensus)
Data sourced via Finance CLI on February 25, 2026. This is not financial advice.