Common-Size Balance Sheet: Assets
Quarterly Data
DoorDash, Inc., common-size consolidated balance sheet: assets (quarterly data)
Based on: 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31).
- Cash and cash equivalents
- The proportion of cash and cash equivalents as a percentage of total assets shows a steady decline from 67.89% in March 2021 to a low point of 19% in March 2023, followed by a gradual recovery peaking at 33.16% in March 2025 before dropping again to 23.07% in June 2025. This reflects fluctuations in liquidity management or asset allocation over the analyzed periods.
- Restricted cash
- Restricted cash data is largely absent until March 2025, where it suddenly appears at 1.48%, rising marginally to 1.49% in June 2025, then sharply increasing to 16.22% by the last period. This significant increase suggests a growing portion of cash is becoming restricted, potentially affecting immediate liquidity.
- Short-term marketable securities
- Short-term marketable securities as a percentage of total assets peaked at 21.58% in June 2021, then generally declined to 9.7% in March 2025 and further to 6.42% in June 2025. This trend indicates a gradual reduction in short-term investable securities, possibly in favor of liquidity or other asset classes.
- Funds held at payment processors
- This item fluctuated moderately between approximately 1.87% and 4.7%, with no clear upward or downward trend. It stood at 1.9% in June 2025, the lowest in the data range, suggesting decreased amounts held at payment processors relative to total assets.
- Accounts receivable, net
- The accounts receivable proportion remained fairly stable, ranging mostly between 3.4% to 5.7%, with a slight gradual increase noted in the last several periods, reaching 5.76% in September 2024 before a small decrease. This stability indicates consistent credit sales or outstanding customer balances relative to total assets.
- Prepaid expenses and other current assets
- This category showed an increasing trend from around 2.41% in early 2021 to a peak near 6.83% in September 2024, before dropping slightly to 4.86% by June 2025. This suggests rising prepayments and other current asset components, peaking before a minor reduction.
- Current assets
- Current assets, as a proportion of total assets, demonstrate a clear decline from 85.14% in March 2021 to under 50% by mid-2022, then stabilize around 47% to 57% for the remainder of the periods, indicating a structural shift towards increased non-current asset holdings over time.
- Long-term marketable securities
- Long-term marketable securities emerged in late 2021 at 8.71% and fluctuated downward afterward, falling from 9.55% to 4.28% by June 2025. This decline highlights a decrease in long-term investable securities as part of the asset base.
- Operating lease right-of-use assets
- The right-of-use assets show a peak of 5.19% in early 2022 followed by a steady decrease to 2.31% by June 2025, suggesting reduced lease obligations or remeasurements affecting the asset base over the period.
- Property and equipment, net
- This asset category demonstrated growth from 4.24% in March 2021 to a high of 7.05% in June 2023, then a slight decline to 5.35% in June 2025, indicating investments in property and equipment with some partial decline or depreciation effects later on.
- Intangible assets, net
- Intangible assets rose significantly from under 1.2% to 8.15% in early 2022 and remained relatively elevated but trending downward to around 3.71% in mid-2025, suggesting a peak possibly related to acquisitions or revaluations, followed by amortization or impairment effects.
- Goodwill
- Goodwill followed a similar trajectory to intangible assets, increasing sharply from around 5% to 24% by late 2022 and then gradually declining to near 17.77% in mid-2025. This pattern implies large acquisitions around 2022 with subsequent write-downs or adjustments over time.
- Other assets
- Other assets exhibit variability, rising from less than 1% to as much as 7.33% in December 2021, falling to around 2.93% in September 2023, then recovering slightly to approximately 5.39% in March 2025, with a minor drop to 4.57% by June 2025. The fluctuations suggest fluctuations in miscellaneous asset categories or one-off items.
- Non-current assets
- Non-current assets increased steadily from around 15% in early 2021 to approximately 52.45% at the end of 2022, then gradually decreased to just above 42% by mid-2025. This shift indicates a significant reallocation from current to non-current assets over time, reaching a structural balance in recent periods.
- Total assets
- Total assets, represented as 100% in each period, serve as the benchmark for all item percentages. The relative shifts among components illustrate evolving asset composition trends, particularly the move from liquid current assets towards more fixed and intangible assets in a multi-year timeframe.