DoorDash, Inc.
For the period ended Sep 30, 2025. Filed Nov 6, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 6, 2025
DASH$178.25-1.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
(in millions)
| Nine Months Ended September 30, | ||
|---|---|---|
| 2024 | 2025 | |
| Cash flows from operating activities | ||
| Net income (loss) including redeemable non-controlling interests | $(22) | $719 |
| Adjustments to reconcile net loss to net cash provided by operating activities: | ||
| Depreciation and amortization | 420 | 480 |
| Stock-based compensation | 828 | 775 |
| Reduction of operating lease right-of-use assets and accretion of operating lease liabilities | 77 | 83 |
| Amortization of deferred contract costs | 43 | 55 |
| Office lease impairment expenses | 83 | 7 |
| Change in fair value of deal-contingent forward contract | — | 12 |
| Other | (17) | 45 |
| Changes in operating assets and liabilities, net of assets acquired and liabilities assumed from acquisitions: | ||
| Funds held at payment processors | 24 | 74 |
| Accounts receivable, net | (102) | (162) |
| Prepaid expenses and other current assets | (209) | (195) |
| Other assets | 89 | (193) |
| Accounts payable | (31) | (60) |
| Accrued expenses and other current liabilities | 494 | 496 |
| Payments for operating lease liabilities | (83) | (87) |
| Other liabilities | 20 | (39) |
| Net cash provided by operating activities | 1,614 | 2,010 |
| Cash flows from investing activities | ||
| Purchases of property and equipment | (72) | (203) |
| Capitalized software and website development costs | (160) | (235) |
| Purchases of marketable securities | (1,527) | (1,108) |
| Maturities of marketable securities | 1,481 | 1,046 |
| Sales of marketable securities | 4 | 429 |
| Purchases of non-marketable equity securities | — | (5) |
| Acquisitions, net of cash acquired | — | (1,198) |
| Other investing activities | (7) | — |
| Net cash used in investing activities | (281) | (1,274) |
| Cash flows from financing activities | ||
| Proceeds from issuance of convertible notes, net of issuance costs | — | 2,720 |
| Proceeds from issuance of warrants | — | 341 |
| Purchase of convertible note hedges | — | (680) |
| Proceeds from exercise of stock options | 7 | 8 |
| Repurchase of common stock | (224) | — |
| Other financing activities | 6 | (10) |
| Net cash provided by (used in) financing activities | (211) | 2,379 |
| Foreign currency effect on cash, cash equivalents, and restricted cash | 4 | 63 |
| Net increase in cash, cash equivalents, and restricted cash | 1,126 | 3,178 |
| Cash, cash equivalents, and restricted cash | ||
| Cash, cash equivalents, and restricted cash, beginning of period | 2,772 | 4,221 |
| Cash, cash equivalents, and restricted cash, end of period | $3,898 | $7,399 |
| Reconciliation of cash, cash equivalents, and restricted cash to the condensed consolidated balance sheets | ||
| Cash and cash equivalents | $3,664 | $3,279 |
| Restricted cash | 221 | 4,080 |
| Long-term restricted cash included in other assets | 13 | 40 |
| Total cash, cash equivalents, and restricted cash | $3,898 | $7,399 |
| Non-cash investing and financing activities | ||
| Purchases of property and equipment not yet settled | $29 | $46 |
| Stock-based compensation included in capitalized software and website development costs | $121 | $140 |
| Deferred cash consideration for acquisitions | $— | $87 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.