DoorDash is undervalued after a 45% decline from 2025 highs, despite accelerating revenue growth and record free cash flow. DASH beat Q1 2026 EPS and EBITDA estimates, with GOV up 37% and contribution profit up 35%, indicating robust core business health. International expansion and high-margin advertising drive future margin upside, while grocery segment profitability and Deliveroo EBITDA are key upcoming catalysts.