
"Sector" = median of Consumer Cyclical across 95 companies
DoorDash, Inc. operates the largest on-demand food delivery platform in the United States, connecting consumers with local restaurants and merchants. Founded in 2013 and headquartered in San Francisco, the company has expanded beyond restaurant delivery to include convenience, grocery, and retail items through its marketplace. DoorDash also provides logistics services for merchants via DoorDash Drive and offers subscription plans like DashPass for unlimited deliveries.
DoorDash generates revenue primarily through commission fees charged to merchants for each order, typically ranging from 15% to 30% of the order value. Additional revenue comes from delivery fees paid by consumers, subscription fees for DashPass, and advertising services that allow merchants to promote their listings. The company operates a three-sided marketplace: consumers, merchants, and Dashers (independent contractors who fulfill deliveries).
DoorDash competes in the highly competitive online food delivery industry, facing rivals such as Uber Eats, Grubhub, and Postmates. It holds the largest market share in the U.S., estimated at over 60% as of 2025. The company differentiates through its extensive merchant network, reliable logistics, and data-driven optimization. Despite operating in a low-margin sector, DoorDash has achieved profitability on a net income basis in recent quarters.
DoorDash serves a broad consumer base across the U.S., Canada, Australia, Japan, and Germany, with the vast majority of revenue coming from the U.S. Its target audience includes urban and suburban households seeking convenience in food and grocery delivery. The company also partners with over 500,000 merchants, ranging from small local restaurants to large chains like McDonald's and Chipotle. DoorDash's platform is used by millions of active consumers and over 2 million Dashers.
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Latest saved period: March 2026 · 2026-03-31
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