DoorDash, Inc. (DASH)

FairStock Score: 29/100 — RISKY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

DoorDash is a large, growing commerce platform, not a classic Graham bargain. In fiscal Q2 2026 (quarter ended 2026-06-30), revenue was $4.5B, up from $3.3B in fiscal Q2 2025, yet net income fell to $200.0M from $285.0M and diluted EPS slipped to $0.46 from $0.65. For fiscal year 2025 (year ended 2025-12-31), the company earned $935.0M on $13.7B revenue, after a $558.0M loss in fiscal year 2023 (year ended 2023-12-31), so FairStock's TURNAROUND label—returned to profit after a loss within three years—is understandable. The platform has scale and positive trailing free cash flow of $2.1B, a 2.9% FCF yield, low D/E of 0.33, an Altman Z-score of 4.95 and a Piotroski F-score of 7/9. Those are real strengths, and the marketplace may carry local network effects. But quality is not overwhelming: FairStock's ROE is 8.89%, ROCE 2.97%, and fiscal Q2 2026 net margin only 4.49%. The price at the 2026-10-26 close of $168.44 is demanding: FairStock P/E 88.19, P/B 7.36, EV/EBITDA 44.07, and a Graham Number of $31.37, leaving a margin of safety of -471.82%. With a beta of 1.79, the shares are volatile and priced for sustained growth. I would want evidence that profits can keep pace with revenue before calling this a margin-of-safety investment. The turnaround is promising but not yet proven at today's valuation.

In plain English: DoorDash runs an online marketplace that connects restaurants and other merchants, customers, and delivery drivers. Sales are growing quickly and the company produces cash, but profits are thin and fell in the latest reported quarter. At the 2026-10-26 close of $168.44, the price looks expensive compared with its profits and assets.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-26 close · note generated 2026-10-28 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K/A (period ended 2025-12-31) · FY2024 10-K/A (period ended 2024-12-31) · FY2023 10-K/A (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer