DASH
DoorDash, Inc.
DASH's fundamentals are strong and it looks cheap: trading at 71x earnings, below its usual 112x. Analysts expect strong earnings growth, though they disagree widely on how much.
NBIS
Nebius Group N.V.
There isn't enough reported data to score NBIS yet.
DASH Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Strong | |
| Strong |
DASH's revenue, profitability, cash flow and balance sheet are all currently healthy.
NBIS Fundamentals
| Metric | Status |
|---|---|
| Unavailable | |
| Healthy | |
| Unavailable | |
| Healthy |
NBIS's profitability and balance sheet are currently healthy. There isn't enough data to rate its revenue and cash flow.
DASH PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 41x | $173 | — |
| Current | 71x | $173 | — |
| Cheap | 82x | $199 | +15% |
| Fair | 111x | $270 | +56% |
| Expensive | 304x | $738 | +327% |
Historical ranges are pointers, not guarantees.
DASH has the edge over NBIS in the historical PE scenario, which offers more potential upside but is not a forecast.
NBIS PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 68x | $22.45 | -83% |
| Fair | 114x | $37.67 | -71% |
| Current | 390x | $129 | — |
| Expensive | 666x | $220 | +71% |
Historical ranges are pointers, not guarantees.
NBIS's PE is 390x, but its earnings don't support one, so it isn't a reliable read right now.
DASH Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Moderate | |
| Low |
DASH has the edge over NBIS on the outlook, with more favorable earnings expectations.
NBIS Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses steady | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect NBIS's revenue to grow and its profitability to improve, with its earnings holding steady. However, they disagree widely on these estimates.
DASH Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $4.26 | +75% |
| Q3 2026 | $2.43 | +22% |
| Q2 2026 | $1.92 | +5.5% |
| Q1 2026 | $2.11 | +167% |
| Q4 2025 | $2.13 | +634% |
| Q3 2025 | $1.99 | +$2.43 |
| Q2 2025 | $1.82 | +$2.83 |
| Q1 2025 | $0.79 | +$1.86 |
| Q4 2024 | $0.29 | +$1.71 |
DASH has the edge over NBIS in the latest year-over-year earnings comparison.
NBIS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q4 2025 | $0.33 | +$2.61 |
| Q4 2024 | -$2.28 | -456% |
| Q4 2023 | $0.64 | -36% |
| Q4 2022 | $1.00 | +$1.49 |
| Q4 2021 | -$0.49 | -156% |
| Q4 2020 | $0.87 | +89% |
| Q4 2019 | $0.46 | -73% |
| Q4 2018 | $1.71 | +434% |
NBIS has returned to profit: it earned $0.33 per share over the past year, after losing money the year before.
DASH Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $4.6B | +34% |
| Q2 2026 | $4.5B | +36% |
| Q1 2026 | $4B | +33% |
| Q4 2025 | $4B | +38% |
| Q3 2025 | $3.4B | +27% |
| Q2 2025 | $3.3B | +25% |
| Q1 2025 | $3B | +21% |
| Q4 2024 | $2.9B | +25% |
DASH has the edge over NBIS in the latest year-over-year revenue comparison.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 9.6% | +2.1 points |
| Q2 2026 | 3.5% | -1.5 points |
| Q1 2026 | 3.7% | -1.4 points |
| Q4 2025 | 3.7% | -0.4 points |
| Q3 2025 | 7.5% | +3.5 points |
| Q2 2025 | 5% | +13 points |
| Q1 2025 | 5.1% | +7.5 points |
| Q4 2024 | 4.1% | +7.9 points |
DASH's operating margin was 9.6% last quarter, up 2.1 points from the same quarter a year ago, near the top of its range since 2019.
NBIS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q4 2023 | $9.7B | +53% |
| Q4 2022 | $6.3B | +46% |
| Q4 2021 | $4.3B | +63% |
| Q4 2020 | $2.6B | +24% |
| Q4 2019 | $2.1B | +37% |
| Q4 2018 | $1.5B | +36% |
| Q4 2017 | $1.1B | +24% |
| Q4 2016 | $917M | +27% |
NBIS's revenue is growing: $530M last quarter, down 80% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q4 2025 | -115% | -112 points |
| Q4 2023 | 3.6% | -11 points |
| Q4 2022 | 2.5% | -14 points |
| Q4 2021 | -3.7% | -18 points |
| Q4 2020 | 7.4% | -9.5 points |
| Q4 2019 | 14% | -2 points |
| Q4 2018 | 16% | -14 points |
| Q4 2017 | 14% | -19 points |
NBIS's operating margin was −115% last quarter, down 123 points from the same quarter a year ago, near the bottom of its range since 2011.
DASH Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $904M | +12% |
| Q2 2026 | $883M | +102% |
| Q1 2026 | $537M | -4.3% |
| Q4 2025 | $367M | -24% |
| Q3 2025 | $808M | +62% |
| Q2 2025 | $438M | -14% |
| Q1 2025 | $561M | +4.7% |
| Q4 2024 | $486M | +6.6% |
DASH generated $2.7B in free cash flow over the past year, up 17% from the year before.
NBIS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q4 2025 | -$3.7B | -$3.1B |
| Q4 2024 | -$562.1M | -$316.2M |
| Q4 2023 | -$245.9M | -$138.9M |
| Q4 2022 | -$107M | +$319.7M |
| Q4 2021 | -$426.7M | -539% |
| Q4 2020 | $97.3M | -66% |
| Q4 2019 | $287.9M | +$289.2M |
| Q4 2018 | -$1.3M | -101% |
NBIS has burned cash in six of the last eight quarters: −$4.6B over the past year, against −$43M the year before.
DASH Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.2% | +969K shares |
| 1 year | -0.3% | -1.5M shares |
| 3 years | +12% | +47.1M shares |
| 5 years | +29% | +100M shares |
| Available history | +904% | +396M shares |
DASH has 440M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | $887M |
| Q1 2026 | $162M |
| Q4 2025 | — |
| Q3 2025 | — |
| Q4 2024 | — |
| Q3 2024 | $217M |
| Q2 2024 | $7M |
DASH spent $1B buying back its own shares over the past year.
NBIS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -12% | -33.3M shares |
| 1 year | -32% | -115M shares |
| 3 years | -26% | -86.9M shares |
NBIS has the edge over DASH on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q4 2024 | $10M |
| Q4 2021 | $84.1M |
| Q4 2020 | $122.8M |
| Q4 2019 | $17.2M |
| Q4 2018 | $121.8M |
| Q4 2014 | $101.7M |
| Q4 2013 | $102.9M |
DASH Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -1.1x | Net Cash |
| Q2 2026 | -1.0x | Net Cash |
| Q1 2026 | -1.2x | Net Cash |
| Q4 2025 | -1.1x | Net Cash |
| Q3 2025 | -0.4x | Net Cash |
| Q2 2025 | -1.1x | Net Cash |
| Q1 2025 | -6.0x | Net Cash |
| Q4 2024 | -7.7x | Net Cash |
DASH has more cash than debt.
NBIS Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q4 2023 | 0.7x | Very low |
| Q4 2022 | -0.7x | Net Cash |
NBIS's net debt is less than a year of its operating earnings (EBITDA).
DASH Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 41.9 | Neutral |
| Stochastic | 17.8 | Oversold |
DASH's weekly RSI is 42 (neutral) and its Stochastic is 18 (oversold).
NBIS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 38.0 | Neutral |
| Stochastic | 8.3 | Oversold |
NBIS's weekly RSI is 38 (neutral) and its Stochastic is 8 (oversold).
DASH PE vs Communication Services Sector
| Metric | DASH | Sector median | Relative |
|---|---|---|---|
| PE | 71x | 16x | 331% above |
| PE % | 1 | 28 | 27 pts below |
DASH has the edge over NBIS on valuation relative to its sector.
NBIS PE vs Communication Services Sector
| Metric | NBIS | Sector median | Relative |
|---|---|---|---|
| PE | 390x | 16x | 2,264% above |
| PE % | 62 | 24 | 38 pts above |
NBIS is trading at 390x earnings, a 2264% premium to the Communication Services sector's median of 16x, though its earnings don't support one.
DASH Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $184.9 | 6.6% below |
| 20 week MA | $195.8 | 12% below |
| 50 week MA | $187.6 | 8% below |
| 100 week MA | $201.3 | 14% below |
| 200 week MA | $151.8 | 14% above |
NBIS has stronger trend alignment. DASH is above 1 of 5 weekly averages versus NBIS above 1 of 4.
NBIS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $179.7 | 28% below |
| 20 week MA | $199.9 | 36% below |
| 50 week MA | $163.5 | 21% below |
| 100 week MA | $110.0 | 17% above |
NBIS has pulled back, but its long-term trend is still up: it's below its 8-, 20- and 50-week averages, but 17% above its 100-week average.
DASH Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $175.0 | $158.5 | -9.5% |
| 2021 | $158.5 | $153.7 | -3% |
| 2022 | $153.7 | $50.7 | -67% |
| 2023 | $50.7 | $98.9 | +95% |
| 2024 | $98.9 | $169.3 | +71% |
| 2025 | $169.3 | $234.0 | +38% |
| 2026 YTD | $234.0 | $172.6 | -26% |
DASH has finished lower in three of the last six years. It's down 26% so far in 2026.
NBIS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2024 | $19.6 | $27.3 | +40% |
| 2025 | $27.3 | $87.6 | +221% |
| 2026 YTD | $87.6 | $128.6 | +47% |
NBIS has the edge over DASH on returns for 2026, with the stronger performance.