DoorDash, Inc. (DASH) closed fiscal year 2025 with a gross margin of 50.9 % and a net margin of 6.8 %.
DoorDash, Inc. (DASH) closed fiscal year 2025 with a gross margin of 50.9 % and a net margin of 6.8 %. The same year shows an EBITDA margin of 10.7 % and an EBIT margin of 5.3 %. The free cash flow margin was 15.8 %. Against the previous year the gross margin moved +2.6 pp and the net margin +5.7 pp. Across the period the gross margin ranges between 45.5 % in 2022 and 50.9 % in 2025. The series covers 8 fiscal years, from 2018 to 2025. Margins are expressed as a percentage of net revenue and are derived from the same figures as the income statement, taken from as-reported SEC EDGAR filings, with no restatements or adjustments of our own.
Fiscal year end: December
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|
| Gross margin (%) | — | — | — | — | 45.50 % | 46.86 % | 48.31 % | 50.88 % |
| EBITDA margin (%) | -69.07 % | -65.99 % | -10.95 % | -6.06 % | -11.47 % | -0.81 % | 4.88 % | 10.72 % |
| EBIT margin (%) | -72.16 % | -69.60 % | -15.11 % | -9.25 % | -17.07 % | -6.71 % | -0.35 % | 5.27 % |
| Net margin (%) | -70.10 % | -75.37 % | -15.97 % | -9.57 % | -20.74 % | -6.46 % | 1.15 % | 6.82 % |
| FCF margin (%) | -59.11 % | -61.58 % | 5.06 % | 11.52 % | 2.90 % | 17.95 % | 18.91 % | 15.85 % |
