DASH · 10-Q · 2026Q3 · Full report
Operating Cash Flow Trends
DoorDash, Inc. · 2026-10-30 · Importance 42 · Surprise 14 · No source text
Third-quarter 2026 net cash provided by operating activities was $994 million, compared with $871 million in the third quarter of 2025. Free Cash Flow increased to $787 million from $723 million, as higher operating cash flow more than offset increases in property and equipment purchases and capitalized software and website development costs. For the first nine months of 2026, operating cash flow was $2.532 billion and Free Cash Flow was $1.949 billion, compared with $2.010 billion and $1.572 billion, respectively, in the comparable 2025 period.
Key facts
- In the third quarter of 2026, DoorDash generated $994 million of net cash from operating activities and $787 million of Free Cash Flow, compared with $871 million and $723 million, respectively, in the same quarter of 2025. source
- For the first nine months of 2026, DoorDash provided $2.5 billion of cash from operating activities. source
- For the first nine months of 2025, DoorDash provided $2.0 billion of cash from operating activities. source
- For the first nine months of 2026, operating cash flow included $847 million of net income including redeemable non-controlling interests, $876 million of non-cash depreciation and amortization, and $847 million of non-cash stock-based compensation. source
- For the first nine months of 2025, operating cash flow included $719 million of net income including redeemable non-controlling interests, $775 million of non-cash stock-based compensation, and $480 million of non-cash depreciation and amortization. source
- For the first nine months of 2026, changes in operating assets and liabilities produced $223 million of net outflows. source
- For the first nine months of 2025, operating cash flow included $83 million of non-cash operating lease asset reduction and lease-liability accretion, $55 million of deferred contract cost amortization, $7 million of non-cash office lease impairment, and $57 million of other net non-cash expenses. source
- For the first nine months of 2025, changes in operating assets and liabilities produced $166 million of net outflows. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | positive | realized | +2.5% | For the first nine months of 2026, DoorDash provided $2.5 billion of cash from operating activities. |
| cash | positive | realized | +0.6% | In the third quarter of 2026, DoorDash generated $994 million of net cash from operating activities and $787 million of Free Cash Flow,… |
| cash | positive | realized | +0.3% | In the third quarter of 2026, DoorDash generated $994 million of net cash from operating activities and $787 million of Free Cash Flow,… |