DASH
DoorDash, Inc.Evidence as of 2026-10-06The desk's Snapshot
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Overview · DoorDash, Inc.
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 me…
Management team
- Mr. Andrew Rex Hargreaves C.F.A. · Vice President of Investor RelationsFind on LinkedIn
- Mr. Stanley Tang · Head of DoorDash Labs & DirectorFind on LinkedIn
- Mr. Andy Fang · Head of Consumer Engineering & DirectorFind on LinkedIn
- Mr. Keith Yandell · Chief Business OfficerFind on LinkedIn
Start free to see the full management team.
Links open LinkedIn searches, not verified profiles. Team data from our market-data vendor's company profile.
Moneyta sentiment
Where the published evidence leans after the desk debated it, not a rating or a recommendation.
−0.6 on a −2 to +2 scale.
What builds the score
Solid bars are analyst rubric scores; faded bars are computed directly from data. Claims dropped in debate count for nothing; weakened claims count at half weight.
Editor's note
Written after the debate settled. The rest of the page is the evidence behind it.
The desk’s surviving claims establish a revenue climb across the comparable quarterly sequence: revenue rose from $ 3,446,000,000 in fiscal Q3 2025 (fiscal quarter ended 2025-09-30) to $ 4,036,000,000 in fiscal Q1 2026 (fiscal quarter ended 2026-03-31) and to $ 4,454,000,000 in fiscal Q2 2026 (fiscal quarter ended 2026-06-30). Operating income and net income weakened over the same stretch, with operating income moving from $ 258,000,000 in fiscal Q3 2025 to $ 151,000,000 in fiscal Q1 2026 and $ 156,000,000 in fiscal Q2 2026, and net income from $ 244,000,000 to $ 184,000,000 and $ 200,000,000 respectively. Diluted EPS tracked lower then modestly recovered ( $ 0.55 → $ 0.42 → $ 0.46) while diluted shares outstanding were largely stable (about 441,812,000 → 442,326,000 → 439,345,000).
Balance-sheet and market facts survived the review: cash and cash equivalents were $ 3,279,000,000 as of 2025-09-30, rose to $ 4,378,000,000 as of 2025-12-31 and to $ 4,575,000,000 as of 2026-03-31, then were $ 4,424,000,000 as of 2026-06-30; total liabilities hovered near $ 9.6 billion at the most recent point-in-time. Market metrics show mixed signals — a golden cross present with the price about 7.0% below the 50‑day SMA but 2.8% above the 200‑day SMA, 30‑ and 90‑day volatility elevated (about 43.1% and 45.8%), 6‑month momentum strong at + 23.7% while the 12‑1 measure was - 10.8%, and a beta of 1.42 with a correlation of 0.38 to SPY. Valuation and ownership points also survive: trailing twelve‑month P/FCF about 42.3, P/E about 92.2, trailing FCF $ 1,992,000,000, institutional 13F holdings reported at $ 69.41B as of 2026-06-30, and multiple large 13F holders increased position values quarter-over-quarter.
How this note was made
every stage ran before the note was writtenAnalyst desk
Mercer, Oakes, Nash, Ellis, Yates, Talbot and Archer. The desk: named AI agents, not people. Each reads one slice of the evidence and nothing else (no outside knowledge, no browsing), so every finding traces to a source you can open.
Reads the XBRL figures companies file with the SEC (revenue, margins, income, debt and share count, quarter by quarter) and reports which way the trend is running.
Revenue from contracts rose across the comparable quarterly sequence: $3,446,000,000 in fiscal Q3 2025 (2025-07-01 to 2025-09-30, 3mo) -> $4,036,000,000 in fiscal Q1 2026 (2026-01-01 to 2026-03-31, 3mo) -> $4,454,000,000 in fiscal Q2 2026 (2026-04-01 to 2026-06-30, 3mo).
XBRL companyfacts · 0001792789-25-000020Operating income declined from $258,000,000 in fiscal Q3 2025 (2025-07-01 to 2025-09-30, 3mo) to $151,000,000 in fiscal Q1 2026 (2026-01-01 to 2026-03-31, 3mo) and was $156,000,000 in fiscal Q2 2026 (2026-04-01 to 2026-06-30, 3mo).
XBRL companyfacts · 0001792789-25-000020Reads the filings themselves, above all the year-over-year diff of Item 1A risk factors: which risks a company added, dropped or quietly reworded since its last annual report.
Which filings the desk reads
The desk reads the annual 10-K in full: its risk factors, and how they changed since last year. Quarterly 10-Qs and event filings (8-Ks, insider Form 4s) are listed for context but not read line by line: the 10-K is where the material risk disclosures live. A brand-new company, or one we have only just begun tracking, may have no annual report on file yet; its risk analysis fills in once that lands.
The Form 10-K filed 18 February 2026 adds risk language that 'The impact of adverse economic conditions and other trends, including the resulting effects on consumer spending and merchant operations, may adversely affect our business, financial condition, and results of operations;'
Item 1A risk-factor diff · 0001792789-26-000013 vs 0001628280-25-005715The Form 10-K filed 18 February 2026 adds or materially expands risks concerning regulatory and legal exposure, including that 'Our business is subject to a variety of laws and regulations globally, many of which are unsettled and still developing, and any of which could subject us to legal claims, increased costs, operational burdens, or otherwise adversely affect our business, financial condition, or results of operations;' and detailed risks related to Dasher classification, pay models, and associated litigation and regulatory challenges;
Item 1A risk-factor diff · 0001792789-26-000013 vs 0001628280-25-005715Reads the signal panel above (momentum, volatility, drawdown, relative strength and beta) and ranks each against the whole research universe rather than judging it in isolation.
DoorDash's 6-month momentum was +23.7% and its 6-month momentum percentile was the 78th percentile of 765, indicating relatively strong medium-term performance within the research universe as of 2026-10-05.
Moneyta signal set · 2026-10-05weakened in debateThe 12-1 momentum measure was -10.8% with a 12-1 momentum percentile at the 20th percentile of 765, showing weaker relative performance on that longer short-term momentum measure as of 2026-10-05.
Moneyta signal set · 2026-10-05weakened in debateReads which funds hold the name and at what weight, plus insider Form 4 filings, to show the exposure you may already carry through index funds.
Aggregate institutional 13F-reported holdings in the security total "$69.41B" as of 2026-06-30, with 1,058 institutional holders reported and a quarter-over-quarter reported value change of 28.7%.
13F holdings · 1058 filers · as of 2026-06-30The five largest reported 13F holders as of 2026-06-30 are SC US (TTGP), LTD. ($5.83B, value_qoq_pct 22.9), BlackRock, Inc. ($4.96B, value_qoq_pct 24.7), VANGUARD CAPITAL MANAGEMENT LLC ($4.51B, value_qoq_pct 28.1), VANGUARD PORTFOLIO MANAGEMENT LLC ($3.22B, value_qoq_pct 30.6), and STATE STREET CORP ($2.97B, value_qoq_pct 26.9).
13F holdings · 1058 filers · as of 2026-06-30Reads recent headlines that are genuinely about this company, ignoring rating chatter and market-wide stories. Findings argue in the debate but never move the sentiment score.
Multiple outlets report DoorDash unveiled a suite of AI and automation products including AI-powered ordering, a new in-app assistant for Dashers, drone delivery and a restaurant platform called DashOS at its Dash Forward 2026 event on 1 October 2026.
News · simplywall.st · 2026-10-02Coverage highlights expanded retail partnerships and new marketplace listings, and specifically notes a deeper tie-up with Macy’s plus additions like Anthropologie, Vans, Timberland and The North Face and a $7.99 home returns pickup option.
News · finance.yahoo.com · 2026-10-01Reads parsed Forms 3/4/5: who bought or sold, at what size, and whether a 10b5-1 plan was involved. Flags clustered open-market officer buying; treats plan sales as routine and never counts a fund or 10%-holder as an officer.
Tony Xu (CHIEF EXECUTIVE OFFICER) reported an open filing showing a $3.8M sale of 16,667 shares on 2026-09-01.
Form 4 · Xu Tony (CHIEF EXECUTIVE OFFICER) · $119k code M · 2026-09-01Ravi Inukonda (CHIEF FINANCIAL OFFICER) reported multiple sales on 2026-09-01 totaling at least $2.4M across filings that list sales of 1,017 (code M), 2,827, 1,700 and 2,647 shares in separate transactions.
Form 4 · Inukonda Ravi (CHIEF FINANCIAL OFFICER) · $8k code M · 2026-09-01Reads the implied-expectations math built from the company's own filings (the growth rate today's price would justify, and the multiples beside it) and argues whether the market's bar looks high or low for this business. Never turns the math into a target.
The model reports an implied free-cash-flow growth rate of 28.32% required by today's price under the stated discount and terminal assumptions.
Valuation inputs · SEC XBRL + stored EOD closeThe trailing twelve-month price-to-free-cash-flow is 42.3.
Valuation inputs · SEC XBRL + stored EOD closeDebate and risk review
A bull and a bear contest the claims and the chair rules on each; the risk review stress-tests what survived.
A bull and a bear argue the analysts' claims across two rounds, then a chair rules on each one. Only what survives feeds the score. The argument is shown, not hidden, so you can judge the reasoning yourself.
The bull case rests on accelerating top-line growth and improving liquidity alongside sizable trailing free-cash-flow and EBITDA that together support a constructive reading of operating leverage over time. Revenue rose materially across comparable quarters (fundamentals-0) while cash and equivalents increased into early 2026 (fundamentals-5) and TTM free cash flow and EBITDA are substantial (valuation-3, valuation-4), which institutional flow data also reflects with a large reported 13F position and a big quarter-over-quarter value increase (ownership-0, ownership-1). Recent product and partnership announcements including AI/automation, DashOS, drone delivery and expanded retail listings (news-0, news-1) and management disclosure of an intentional investment in a new global technology platform (filings-2) provide company-specific context that can explain near-term margin pressure as strategic reinvestment while supporting potential future productivity gains. Market momentum over six months is strong (market-0) and the presence in multiple ETFs plus high institutional ownership indicate broad market participation that can underpin liquidity (ownership-2, ownership-0).
Chair's verdict, claim by claim
Fragility · computed, not argued
balanced0.32
37 surviving claims rest on 18 distinct sources; the heaviest analyst carries 19% of them, and 97% of what the desk raised survived the debate.
The research rests on a moderate breadth of sources but a relatively small set of analysts: one analyst accounts for a noticeable share of surviving claims and most claims survived the internal debate, which raises confidence in internal consistency but also indicates some analyst-dependence. Source concentration and the high survival rate mean this read carries informative signal for descriptive purposes, yet fragility is elevated enough that single-source updates or key filings could materially change the balance of claims.
Peer context · computed, not argued
12-1 momentum ranks 4th of 7 in Internet Content & Information (as of 2026-10-05).
90-day volatility ranks 4th of 7 in Internet Content & Information (as of 2026-10-05).
Disconfirming evidence · base rates · falsifiers
Context
Outside consensus, and where this name already sits in your own portfolio.
Third-party consensus shown for context. It never enters Moneyta sentiment. When the two diverge, the debate above is where the why lives.
What this was built from
Every figure on this page traces to one of these. The desk reads only what is listed here (no outside knowledge, no browsing), and each card shows who read it and what it contributed to the score.
10 filings· 2 cited
SEC XBRL filings
Quarterly figures as filed with the SEC, read straight from EDGAR's structured data, not retyped or estimated.
Read by Mercer−0.3 to the score
12 documents· 2 cited
SEC filing documents
The filings themselves, including the year-over-year comparison of Item 1A risk factors.
Read by Oakes−1.0 to the score
1 signal set
Moneyta signal set
Computed from our own end-of-day price history and ranked against the whole research universe. No AI involved.
Read by Nash−0.3 to the score
3 holdings records· 1 cited
Fund holdings
Which funds hold this name and at what weight, plus insider Form 4 filings.
Read by Ellis+0.5 to the score
8 headlines· 2 cited
News coverage
Recent headlines about this company, rating chatter excluded and nothing published after the report date.
Read by Yatesnothing survived
6 filings· 2 cited
Insider filings
Parsed Forms 3/4/5 from EDGAR: named insiders, share counts, prices, and 10b5-1 plan state, with stated and inferred flags kept apart.
Read by Talbot−0.8 to the score
1 computation
Valuation inputs
TTM cash-flow figures from the company's own XBRL filings, priced with the stored closing price. Implied growth and multiples only; no fair-value dollar figure reaches the desk, by design.
Read by Archercontext only
1 record· 0 cited
Company profile
Sector, industry and company details.
1 record· 0 cited
Analyst consensus
Third-party consensus, shown for context only; it never enters Moneyta sentiment.
Read means we pulled and handed it to an analyst; cited means a claim on this page points at it. Reading twelve quarters to state one trend is normal; the gap is shown rather than hidden.
Written by AI, checked against sources
The analysts, the bull–bear debate and the editor's note are AI agents reading only the evidence listed on this page. They can misread a filing or a headline, which is why every claim cites a source you can open and check yourself. The sentiment score is arithmetic over the claims that survived the debate, not a language model's opinion.
Educational analysis of published data. Moneyta does not give investment advice or make recommendations. Past patterns do not indicate future results.
The full terminal on DASH Gold
Who holds it, who's buying, what the Street thinks: live behind the lock, updated as filings land.
Institutional holders
Net institutional flow, Q/Q
Largest holder position
Insider buys, 90 days
Clustered insider value
Street target range
The real figures are for members. Educational analysis, not advice.
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Educational analysis of published data. Moneyta does not give investment advice or make recommendations.