For the year ending 2025-12-31, DASH had $460M increase in cash & cash equivalents over the period. $2,174M in free cash flow.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Net income (loss) including redeemable non-controlling interests | 932 | 117 | -565 | -1,368 |
| Depreciation and amortization | 747 | 561 | 509 | 369 |
| Stock-based compensation | 1,051 | 1,099 | 1,088 | 889 |
| Bad debt expense | - | - | - | 0 |
| Reduction of operating lease right-of-use assets and accretion of operating lease liabilities | 118 | 103 | 108 | 81 |
| Amortization of deferred contract costs | 77 | - | - | - |
| Non-cash interest expense | - | - | - | 0 |
| Office lease impairment expenses | 11 | 83 | - | - |
| Adjustments to non-marketable equity securities, including impairment, net | -17 | 4 | 101 | 303 |
| Other | 37 | 29 | 15 | 20 |
| Funds held at payment processors | 113 | 87 | -86 | 86 |
| Accounts receivable, net | 359 | 222 | 141 | 33 |
| Prepaid expenses and other current assets | 247 | 146 | 105 | 165 |
| Other assets | 240 | 279 | 96 | 90 |
| Accounts payable | 54 | 82 | 70 | -15 |
| Accrued expenses and other current liabilities | 577 | 943 | 702 | 566 |
| Payments for operating lease liabilities | 125 | 116 | 113 | 75 |
| Other liabilities | -72 | -39 | 14 | -29 |
| Net cash provided by operating activities | 2,431 | 2,132 | 1,673 | 367 |
| Purchases of property and equipment | 257 | 104 | 123 | 176 |
| Capitalized software and website development costs | 348 | 226 | 201 | 170 |
| Purchases of investments | 1,376 | 1,951 | 1,946 | 1,948 |
| Maturities of investments | 1,379 | 1,774 | 1,940 | 1,552 |
| Sales of investments | 433 | 70 | 7 | 387 |
| Purchases of non-marketable investments | 47 | 0 | 17 | 15 |
| Acquisitions, net of cash acquired | 4,151 | 0 | 0 | -71 |
| Settlement of deal-contingent forward contract | 24 | - | - | - |
| Other investing activities | 0 | 7 | 2 | 1 |
| Net cash used in investing activities | -4,391 | -444 | -342 | -300 |
| Proceeds from issuance of common stock upon initial public offering, net of underwriter discounts | - | - | - | 0 |
| Proceeds from issuance of convertible notes, net of issuance costs | 2,720 | - | - | - |
| Proceeds from issuance of preferred stock, net of issuance costs | - | - | - | 0 |
| Proceeds from issuance of warrants | 341 | - | - | - |
| Proceeds from issuance of convertible notes, net of issuance costs | - | - | - | 0 |
| Purchase of convertible note hedges | 680 | - | - | - |
| Proceeds from exercise of stock options | 9 | 14 | 6 | 11 |
| Deferred offering costs paid | - | - | 0 | 0 |
| Repayment of convertible notes | - | - | 0 | 0 |
| Taxes paid related to net share settlement of equity awards | - | - | 0 | 0 |
| Repurchase of common stock | 0 | 224 | 750 | 400 |
| Payments of acquisition-related deferred cash consideration | 20 | - | - | - |
| Other financing activities | -10 | 6 | -8 | 14 |
| Net cash provided by (used in) financing activities | 2,360 | -204 | -752 | -375 |
| Foreign currency effect on cash and cash equivalents, and restricted cash and cash equivalents | 60 | -35 | 5 | -10 |
| Net increase in cash and cash equivalents, and restricted cash and cash equivalents | 460 | 1,449 | 584 | -318 |
| Cash and cash equivalents at beginning of period | 4,221 | 2,772 | 2,188 | 2,506 |
| Cash and cash equivalents at end of period | 4,681 | 4,221 | 2,772 | 2,188 |
DoorDash, Inc. (DASH)
DoorDash, Inc. (DASH)