DoorDash
American food delivery platform and logistics company, publicly traded on New York Stock Exchange.
Company Type
public
Founded
2013
Headquarters
San Francisco, California, USA
About DoorDash
DoorDash delivered strong Q1 2025 results, demonstrating continued profitability and market leadership in the food delivery industry. The company has successfully transitioned from growth-focused operations to sustainable profitability while expanding its strategic vision beyond restaurant delivery.
Financial Performance: DoorDash reported Q1 2025 net income of $193 million with improving margins, as adjusted EBITDA rose to $590 million (2.6% of GOV) from $371 million (1.9% of GOV) in Q1 2024. The company's net income margin improved from -0.1% to +0.8% for Marketplace GOV, indicating successful operational efficiency improvements.
Order Growth: Total Q1 2025 orders reached 732 million, representing 18% growth compared to Q1 2024's 620 million orders. Contribution Profit increased to $1.02 billion, up from $751 million in the prior year, showing strong business model scalability.
Market Leadership: DoorDash owns approximately two-thirds of the U.S. food delivery market, with Americans spending close to $67 billion annually on the platform. The company's suburban focus and operational excellence have helped it maintain this dominant position despite intense competition.
History of DoorDash
DoorDash was founded in 2013 by Stanford students Tony Xu, Stanley Tang, Evan Moore, and Kristina Shen. The company started as a food delivery service in Palo Alto, California, initially operating as paloaltodelivery.com. The four founders ran the entire operation themselves, building the app, receiving orders, and delivering them, instilling a culture that continues today with employees spending one day a month as 'dashers.'
The company made a prescient move into suburban markets, which was supercharged by COVID-19 lockdowns, helping DoorDash dominate the restaurant delivery wars in the U.S. over competitors like Uber Eats and Grubhub. DoorDash went public on December 9, 2020, at an initial price of $102 per share, raising significant capital for expansion.
In 2022, DoorDash acquired Finland-based Wolt for around $8 billion in an all-stock deal, marking its first major international expansion. The company debuted on the Fortune 500 list in 2024, ranking #443, and achieved its first-ever annual profit that same year, marking a significant milestone in its journey from startup to profitable market leader.
Brands Owned by DoorDash
DoorDash owns 0 brands in our database.
DoorDash Ownership: Pros & Cons
Advantages
- +Strong Q1 2025 performance with $193M net income and $590M adjusted EBITDA
- +Market leadership with ~67% share of U.S. food delivery market
- +Successful global expansion through strategic acquisitions (Wolt, Deliveroo)
- +Diversified revenue streams including $1B+ advertising business
- +Technology platform with AI-driven operational excellence
- +First-ever annual profit achieved in 2024 demonstrating sustainability
- +Strong market position with $108B+ market capitalization
Considerations
- -Intense competition from Uber Eats, Grubhub, and international players
- -Regulatory challenges and labor classification issues in various markets
- -Need to balance growth with profitability in competitive delivery markets
- -Integration challenges from multiple acquisitions (Wolt, Deliveroo, SevenRooms, Symbiosys)
- -Market saturation concerns in mature U.S. delivery markets
- -Dependence on gig economy workforce with potential labor issues
- -Economic sensitivity affecting consumer delivery spending patterns
Frequently Asked Questions About DoorDash
Is DoorDash publicly traded?
Yes, DoorDash is publicly traded on the New York Stock Exchange under the ticker symbol DASH. The company went public on December 9, 2020, at $102 per share.
Who founded DoorDash?
DoorDash was founded in 2013 by Stanford students Tony Xu, Stanley Tang, Evan Moore, and Kristina Shen. The four founders initially ran the entire operation themselves.
What is DoorDash's market share?
DoorDash owns approximately two-thirds (around 67%) of the U.S. food delivery market, making it the clear market leader ahead of competitors like Uber Eats and Grubhub.
What were DoorDash's Q1 2025 financial results?
DoorDash reported Q1 2025 net income of $193 million with adjusted EBITDA of $590 million. Total orders reached 732 million, up 18% year-over-year, with contribution profit increasing to $1.02 billion.
Who is DoorDash's CEO?
Tony Xu, a co-founder of the company, serves as CEO of DoorDash. He has led the company from its founding through its IPO and subsequent growth phases.
What countries does DoorDash operate in?
Through organic growth and acquisitions, DoorDash operates in more than 40 countries including the U.S., Canada, Australia, Japan, South Korea, and European markets through acquired brands like Wolt and Deliveroo.
What is DoorDash's commerce platform?
The DoorDash Commerce Platform is a suite of software tools that helps brick-and-mortar restaurants and retailers grow and manage their businesses, including ordering systems, customer management, and business analytics.
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