DASH · 10-Q · 2026Q2 · Full report

Liquidity and Cash Position

DoorDash, Inc. · 2026-08-05 · Importance 37 · Surprise 6 · Matches filing data

As of June 30, 2026, DoorDash held $6.2 billion of cash, cash equivalents, and investments, consisting of $4.4 billion in cash and cash equivalents, $923 million in short-term investments, and $869 million in long-term investments. Funds held at payment processors totaled $513 million and represented cash related to cleared merchant and consumer transactions and Dasher payouts. DoorDash had $2.75 billion of 0% Convertible Senior Notes due 2030 and no revolving loans outstanding at June 30, 2026. Its $800 million unsecured revolving credit facility had $117 million of letters of credit outstanding, and management stated that available liquidity should cover working-capital and capital-expenditure needs for at least the next 12 months.

Key facts

The 2030 Notes mature on May 15, 2030; before November 15, 2029 noteholders can convert only upon certain events; from and after November 15, 2029 noteholders may convert at any time until the close of business on the second scheduled trading day immediately before the maturity date. source
As of June 30, 2026, the Company believes existing cash, cash equivalents, and investments, along with available borrowings under the revolving credit facility, will be sufficient to meet working capital and capital expenditures needs for at least the next 12 months and beyond. source
The Company issued $2.75 billion aggregate principal amount of 0% Convertible Senior Notes due 2030 (the "2030 Notes") in May 2025. source
On November 19, 2019, DoorDash entered into an $800 million unsecured revolving credit facility (as amended and restated April 26, 2024) maturing April 26, 2029, with a letters-of-credit sublimit up to $600 million. source
As of June 30, 2026, cash, cash equivalents, and investments totaled $6.2 billion, consisting of cash and cash equivalents of $4.4 billion, short-term investments of $923 million, and long-term investments of $869 million. source
Accumulated deficit as of June 30, 2026: $5.0 billion. source
Proceeds from issuance of convertible notes for the first six months of 2025: $2.7 billion. source
Purchases of convertible note hedges for the first six months of 2025: $680 million. source

Impact estimates

metric	direction	stage	expected	basis
liability	negative	realized	-14.0%	The Company issued $2.75 billion aggregate principal amount of 0% Convertible Senior Notes due 2030 (the "2030 Notes") in May 2025.
cash	positive	realized	+12.6%	Net increase in cash and cash equivalents, and restricted cash and cash equivalents (one reported amount in table): $2,479 million.