DoorDash, Inc. (DASH)

DoorDash, Inc. aims to grow and empower local economies by reducing friction in local commerce and helping merchants connect with consumers in their communities. Its primary offerings are the DoorDash, Wolt and Deliveroo Marketplaces and its Commerce Platform. The Marketplaces operate in over 40 countries, including the United States, and account for the vast majority of revenue. They serve three constituents: merchants, consumers and Dashers, the independent contractors (known locally in some places as riders or courier partners) who make deliveries.

For merchants, the Marketplaces provide an integrated suite of services covering online presence, customer acquisition, demand generation, order fulfillment, merchandising, payment processing and customer support. DoorDash typically earns a fee based on transaction size, and also sells advertising to merchants and consumer packaged goods companies. Consumers use the apps and websites to discover and buy from local merchants and typically pay a fixed delivery fee plus a variable service fee. The DashPass, Wolt+ and Deliveroo Plus membership programs reduce those fees and add other benefits. In December 2025 the Marketplaces had over 56 million monthly active users, and at year-end 2025 there were over 35 million members. The Commerce Platform helps merchants run business on their own channels. It includes white-label delivery fulfillment ("Drive"), online ordering, branded mobile apps, reservation and in-store dining management, consumer relationship management, tableside order and pay, and customer support tools.

Dashers generally choose if, when and where to work and which tasks to accept. They are typically paid based on active time or tasks completed, plus the time, distance and desirability of each task. In 2025, over 9 million people dashed and earned more than $20 billion in total. Where the law permits, prospective Dashers must pass a background check and, in most places, have a bike, scooter or car. The company's strategy is to give merchants an expanding suite of omnichannel services, consumers broad selection, and Dashers competitive earning opportunities.

The markets are intensely competitive and fragmented, with local food delivery logistics the largest category. Competitors include Amazon, Uber Eats, Prosus, Delivery Hero and other local incumbents, along with merchants' own ordering platforms and delivery fleets, grocers, convenience stores, delivery service providers and traditional offline ordering channels. DoorDash was incorporated in Delaware in 2013 as Palo Alto Delivery Inc. and renamed in 2015. It is headquartered in San Francisco, California, and its Class A common stock trades on Nasdaq as "DASH." It had over 31,400 employees at December 31, 2025, and relies on patents, trademarks and trade secrets to protect its intellectual property. It is subject to extensive regulation in the United States, Europe and elsewhere, including worker classification, payments, privacy and food safety rules.