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On 28 January 2020, it was announced that Parkhouse had signed a loan deal with EFL League Two side Stevenage until the end of the season.

Parkhouse signed for League of Ireland Premier Division side Derry City on a 6 month loan deal on 2 January 2019, with manager Declan Devine stating "The Derry public will love watching David Parkhouse play". He scored his first goal in senior football on 15 February 2019 in a 3–0 win over UCD on the opening night of the season. His loan deal was extended on 1 July until the end of the season in October. Parkhouse scored all 4 goals as Derry beat Waterford 4–2 in the League Cup, to earn a place in the final. He opened the scoring in the League Cup Final after just two minutes but the day ended in disappointment for Parkhouse and Derry as they were defeated on penalties by Dundalk. On 23 October 2019, he was named in the PFAI Team of the Year and was also nominated for PFAI Young Player of the Year alongside Republic of Ireland international Jack Byrne and eventual winner Daniel Mandroiu, following an excellent first full season in senior football. He finished the season with 19 goals in 39 appearances for the club in all competitions. He returned to Sheffield United at the end of the League of Ireland season with Derry City reportedly interested in re-signing him ahead of the 2020 season.

On 24 December 2019, it was revealed that Parkhouse had turned down a new contract offer from Sheffield United, with Celtic, Everton and Blackburn Rovers reportedly interested in the striker, whose contract was due to end 6 months later.

Raised in Strabane, Northern Ireland, Parkhouse played with Maiden City's Academy in Derry and impressed enough to earn a move to the Academy at English club Sheffield United. He was named on the bench for the first team squad for the first time in August 2018, remaining an unused substitute in an EFL Cup game against Hull City.

He signed for Boston United on a short term loan deal in October 2018 in a move which saw him make 3 appearances before returning to his parent club.

On 30 November 2018, Parkhouse along with his team mate Reon Potts signed for Tamworth. Parkhouse made his debut on 1 December 2018 in a 3–1 home defeat at the hands of Coalville Town, Parkhouse was introduced as a half time substitute for Charlie Jemson. David was recalled by Sheffield United on 27 December 2018.

Parkhouse has represented Northern Ireland up to Northern Ireland U21 level. His first goal for the U21 team came on 8 June 2017, when he scored away to Estonia U21.

David Cain Parkhouse (born 24 October 1999) is a Northern Irish footballer who plays for EFL League Two club Stevenage, on loan from Premier League club Sheffield United.