DoorDash

DoorDash Inc. (NYSE: DASH) stands as America's dominant on-demand delivery platform, commanding an unprecedented 68% market share in the U.S. food delivery industry as of 2025, positioning it far ahead of competitors Uber Eats (26%) and Grubhub (6%). Headquartered in San Francisco and founded in 2013, DoorDash has evolved from a simple food delivery service into a comprehensive local commerce platform serving 46.3 million active users and 26 million DashPass subscribers across the United States, Canada, Australia, and Japan.

The company achieved a historic milestone in 2024 by posting its first annual profit of $123 million (GAAP) after years of strategic investment and operational refinement, representing a dramatic turnaround from the $558 million net loss in 2023. This profitability breakthrough coincided with exceptional revenue growth, as DoorDash generated $10.72 billion in revenue for 2024, processing 2.6 billion orders with $80.1 billion in gross order value. By Q2 2025, the company had accelerated further, posting $3.28 billion in quarterly revenue (25% year-over-year growth) and GAAP net income of $285 million, validating its business model at scale.

DoorDash's success stems from its four-pillar business strategy that extends well beyond traditional restaurant delivery. First, the DashPass subscription service creates recurring revenue and customer loyalty by offering unlimited free delivery and reduced service fees for $9.99 per month, attracting 22 million subscribers as of 2024. Second, DoorDash Drive provides white-label logistics services powering delivery for major retailers like Walmart, CVS, and thousands of restaurants managing their own delivery operations. Third, DashMart operates a network of over 100 company-owned micro-fulfillment centers stocking groceries, household essentials, and convenience items for rapid delivery. Fourth, DoorDash for Work targets corporate catering and employee benefits, tapping into the high-value B2B market.

In 2025, DoorDash executed an aggressive $5.1 billion international expansion strategy through two transformative acquisitions. In May 2025, the company acquired UK-based Deliveroo for $3.9 billion, adding nine new countries (Belgium, France, Italy, Ireland, Kuwait, Qatar, Singapore, UAE, and UK) and expanding its global footprint to over 40 countries serving a combined population exceeding 1 billion. Simultaneously, DoorDash acquired SevenRooms for $1.2 billion, adding restaurant reservation management, guest data analytics, and marketing automation capabilities to create an end-to-end dining platform that spans discovery, reservations, ordering, and delivery.

The company's innovation continues with the 2025 launch of DashMart Fulfillment Services, partnering with major retailers like CVS, Party City, and Kroger to handle inventory management, picking, packing, and delivery through DoorDash's existing infrastructure. Additionally, the new "Going Out" feature integrates restaurant reservations, in-store rewards, and exclusive DashPass member offers, bridging the gap between delivery and dine-in experiences. Strategic partnerships have expanded the platform's reach into new verticals, including a September 2025 exclusive partnership with Ace Hardware bringing on-demand delivery to over 4,000 home improvement locations nationwide.

Led by co-founder and CEO Tony Xu since 2013, DoorDash debuted on the Fortune 500 list in 2024 at #443 and climbed 49 spots to #394 in 2025. The company's December 2020 IPO raised $3.4 billion with shares soaring 85% on the first trading day, and its market capitalization has since grown from $32.4 billion to $120.06 billion in 2025—a 270% increase that reflects investor confidence in its long-term growth trajectory as it transforms from food delivery specialist into the operating system for local commerce.