DoorDash, Inc.
Nasdaq: DASH·San Francisco, California·CIK 0001792789
- Price
- $182.18
- Base IV
- $48.88
- Your value
- $48.88
- -73.2%
Valuation snapshot
Price is above even the bull case. Price as of Oct 2, 2026 · Valuation Aug 17, 2026.
Track record
Reported financials are not available yet.
Why the gap?
At $182.18 the market is pricing DoorDash, Inc. as if revenue grows 59.2% a year. This valuation assumes it grows 17.0% a year. That single disagreement accounts for most of the distance between the two numbers — which makes it the first thing worth auditing.
Implied by price
+59.2%
revenue growth a year, holding everything else researched
Assumed here
+17.0%
researched base case, grounded in filings and guidance
Or, growth held
53.1%
operating margin reproduces the price, vs 13.0% assumed
Many combinations of assumptions reproduce the same price. These are ways to read what the market might expect, not its actual view.
Your valuation
Four judgments stand between the filing and a number. Audit them one at a time and leave with a valuation that is yours.
- 01 Revenue growth24.0%
- 02 Operating margin13.0%
- 03 Risk and beta1.70
- 04 Long-run growth2.8%
About 4 minutes · no account needed
What drives the base case
All three cases →DoorDash is growing fast on two engines: an underlying business expanding around the mid-20% range, and the Deliveroo acquisition that lifted reported growth to 36% last quarter. This case assumes the acquisition boost fades but the core keeps compounding, helped by record subscription-membership additions that make customers order more often, plus grocery and retail volumes that are only beginning to scale. Reported profitability dipped over the past year — profit per dollar of sales fell from about 5% to about 3.5% — but that was largely acquisition accounting and deliberate investment, while cash profit grew 40% year over year, faster than sales. Over five years growth is assumed to slow steadily while profitability recovers well past its previous high, and the company keeps recycling a meaningful chunk of its earnings back into technology and new markets.
What shapes the assumptions
No structured value drivers are attached to this valuation yet.
How confident is this estimate?
Quality checksSome of any gap to the price is model uncertainty rather than real disagreement. Start with the weakest components.
- Scenario dispersion1.7
- Terminal-value dependency3.8
- Historical stability6.7
- Margin predictability9.4
Why the number moved
No prior valuation bridge is available yet. Future recalculations will explain what moved.
Base estimate
$48.88 -73.2%