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DoorDash, Inc. (NASDAQ:DASH)

$24.99

Income Statement
Quarterly Data

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

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DoorDash, Inc., consolidated income statement (quarterly data)

US$ in millions

Microsoft Excel
3 months ended: Jun 30, 2026 Mar 31, 2026 Dec 31, 2025 Sep 30, 2025 Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021
Revenue
Cost of revenue, exclusive of depreciation and amortization
Gross profit
Sales and marketing
Research and development
General and administrative
Depreciation and amortization
Restructuring charges
Income (loss) from operations
Interest income, net
Interest expense
Other income (expense), net
Income (loss) before income taxes
(Provision for) benefit from income taxes
Net income (loss) including redeemable non-controlling interests
Net loss attributable to redeemable non-controlling interests
Net income (loss) attributable to DoorDash, Inc. common stockholders

Based on: 10-Q (reporting date: 2026-06-30), 10-Q (reporting date: 2026-03-31), 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 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).

A consistent upward trajectory in revenue is observed from March 31, 2021, through June 30, 2026, with quarterly figures increasing from 1,077 million US dollars to 4,454 million US dollars. This growth is accompanied by a steady rise in gross profit, which grew from 514 million US dollars in the first period to 2,347 million US dollars in the final period, indicating an expansion in gross margins over the analyzed timeframe.

Revenue and Gross Profit Trends
Revenue growth exhibits a strong compound trend, accelerating particularly in the 2025 and 2026 periods. Gross profit growth has outpaced the increase in cost of revenue, suggesting improved operational efficiency in direct service delivery. By June 30, 2026, gross profit reached its peak at 2,347 million US dollars, representing a significant increase in the company's ability to generate value from its core operations.
Operating Expense Analysis
Expenditures across sales and marketing, research and development, and general and administrative functions have generally trended upward to support scaling. Research and development expenses increased substantially from 82 million US dollars in March 2021 to 535 million US dollars by June 2026. General and administrative costs also saw a significant rise, peaking at 538 million US dollars in the final quarter. While these costs increased in absolute terms, their growth rate relative to revenue decelerated in later periods, contributing to improved operating leverage.
Operational Profitability Transition
A pivotal shift in operational performance occurred in the third quarter of 2024. After a prolonged period of operating losses—which peaked at 370 million US dollars in December 2022—income from operations turned positive in September 2024 at 107 million US dollars. This positive trend continued through June 2026, with a peak operational income of 258 million US dollars recorded in September 2025.
Net Income and Bottom Line Performance
The transition to net profitability mirrored the operational turnaround. Net income attributable to common stockholders was negative for the majority of the period, hitting a low of 640 million US dollars in December 2022. However, the company achieved positive net income starting in September 2024 with 162 million US dollars. The trend remained positive through June 2026, ending the period with a net income of 200 million US dollars.
Other Financial Indicators
Interest income showed a marked increase over time, rising from 2 million US dollars in early 2021 to peaks of 71 million US dollars in September 2025, suggesting a growth in cash reserves or short-term investments. Depreciation and amortization costs increased steadily, reflecting an expansion in the company's asset base, rising from 29 million US dollars to 295 million US dollars over the full duration.