For the quarter ending 2026-03-31, DASH had $301M increase in cash & cash equivalents over the period. $537M in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net income including redeemable non-controlling interests | 183 | 213 | 243 | 284 |
| Depreciation and amortization | 269 | 267 | 169 | 159 |
| Stock-based compensation | 231 | 276 | 258 | 282 |
| Reduction of operating lease right-of-use assets and accretion of operating lease liabilities | 35 | 35 | 30 | 27 |
| Amortization of deferred contract costs | 21 | 22 | 55 | - |
| Office lease impairment expenses | 0 | 4 | 0 | 0 |
| Change in fair value of deal-contingent forward contract | - | - | -81 | 69 |
| Adjustments to non-marketable equity securities, including impairment, net | -7 | -17 | - | - |
| Other | 15 | -8 | -16 | 43 |
| Funds held at payment processors | 20 | 187 | 54 | -9 |
| Accounts receivable, net | -57 | 197 | 72 | 37 |
| Prepaid expenses and other current assets | -42 | 52 | 148 | 12 |
| Other assets | 51 | 47 | 51 | 27 |
| Accounts payable | -123 | 114 | -85 | 11 |
| Accrued expenses and other current liabilities | -27 | 81 | 486 | -84 |
| Payments for operating lease liabilities | 37 | 38 | 29 | 30 |
| Other liabilities | 6 | -33 | 4 | -52 |
| Net cash provided by operating activities | 594 | 421 | 871 | 504 |
| Purchases of property and equipment | 57 | 54 | 63 | 66 |
| Capitalized software and website development costs | 117 | 113 | 85 | 83 |
| Purchases of investments | 292 | 268 | 383 | 300 |
| Maturities of investments | 445 | 333 | 245 | 368 |
| Sales of investments | - | 4 | 143 | 286 |
| Purchases of non-marketable investments | 55 | 42 | 5 | - |
| Acquisitions, net of cash acquired | 30 | 2,953 | 25 | 1,146 |
| Settlement of deal-contingent forward contract | - | 24 | - | - |
| Other investing activities | -8 | 0 | 0 | 0 |
| Net cash used in investing activities | -98 | -3,117 | -173 | -941 |
| Proceeds from issuance of convertible notes, net of issuance costs | - | 0 | -2 | 2,722 |
| Proceeds from issuance of warrants | - | 0 | 0 | 341 |
| Purchase of convertible note hedges | - | 0 | 0 | 680 |
| Proceeds from exercise of stock options | 1 | 1 | 3 | 2 |
| Repurchase of common stock | 162 | 0 | 0 | 0 |
| Payments of acquisition-related deferred cash consideration | 11 | 20 | - | - |
| Other financing activities | -1 | 0 | 0 | -10 |
| Net cash provided by (used in) financing activities | -173 | -19 | 1 | 2,375 |
| Foreign currency effect on cash and cash equivalents, and restricted cash and cash equivalents | -22 | -3 | 0 | 48 |
| Net increase in cash and cash equivalents, and restricted cash and cash equivalents | 301 | -2,718 | 699 | 1,986 |
| Beginning of period | 4,681 | -3,178 | -2,479 | 4,221 |
| End of period | 4,982 | -2,718 | 699 | 6,700 |
DoorDash, Inc. (DASH)
DoorDash, Inc. (DASH)