Earnings summaries and quarterly performance for DoorDash.
Executive leadership at DoorDash.
Board of directors at DoorDash.
Research analysts who have asked questions during DoorDash earnings calls.
Deepak Mathivanan
Cantor Fitzgerald
6 questions for DASH
Also covers: ABNB, CART, EBAY +9 more
Michael Morton
MoffettNathanson
6 questions for DASH
Also covers: AMZN, CART, CHWY +5 more
Nikhil Devnani
Bernstein
6 questions for DASH
Also covers: CART, EBAY, ETSY +3 more
Shweta Khajuria
Wolfe Research, LLC
6 questions for DASH
Also covers: BMBL, CART, CHWY +15 more
Andrew Boone
JMP Securities
5 questions for DASH
Also covers: ACVA, CARG, CART +26 more
Youssef Squali
Truist Securities
5 questions for DASH
Also covers: ANGI, BABA, DV +13 more
Lee Horowitz
Deutsche Bank
4 questions for DASH
Also covers: ABNB, BKNG, CART +6 more
Mark Mahaney
Evercore ISI
4 questions for DASH
Also covers: ABNB, AMZN, BKNG +23 more
Brian Nowak
Morgan Stanley
3 questions for DASH
Also covers: ABNB, AMZN, BKNG +8 more
Eric Sheridan
Goldman Sachs
3 questions for DASH
Also covers: ABNB, ACVA, AMZN +47 more
Michael McGovern
Bank of America
3 questions for DASH
Also covers: CVNA, LYFT, LZ
RS
Ross Sandler
Barclays
3 questions for DASH
Also covers: AMZN, CART, DUOL +14 more
Bernard McTernan
Needham & Company
2 questions for DASH
Also covers: APP, BBBY, BYON +17 more
BM
Bernie McTernan
Needham
2 questions for DASH
Also covers: APP, BBBY, FVRR +3 more
Jason Helfstein
Oppenheimer & Co. Inc.
2 questions for DASH
Also covers: ANGI, BLDE, CART +23 more
John Colantuoni
Jefferies
2 questions for DASH
Also covers: ABNB, ACVA, BKNG +10 more
Josh Beck
Raymond James
2 questions for DASH
Also covers: ACVA, CART, GDDY +6 more
Justin Patterson
KeyBanc Capital Markets
2 questions for DASH
Also covers: ABNB, ANGI, CART +15 more
JP
Justin Post
Bank of America Corporation
2 questions for DASH
Also covers: ABNB, AMZN, BKNG +10 more
KG
Ken Gawrelski
Wells Fargo
2 questions for DASH
Also covers: ABNB, ETSY, EXPE +6 more
Kenneth Gawrelski
Wells Fargo & Company
2 questions for DASH
Also covers: ABNB, BKNG, CART +12 more
LW
Lloyd Walmsley
Mizuho
2 questions for DASH
Also covers: ABNB, BKNG, TRIP +1 more
RJ
Ronald Josey
Citigroup Inc.
2 questions for DASH
Also covers: ABNB, ACVA, AMZN +18 more
DA
Douglas Anmuth
JPMorgan Chase & Co.
1 question for DASH
Also covers: ABNB, AMZN, BKNG +17 more
JL
James Lee
Mizuho Securities
1 question for DASH
Also covers: ABNB, BABA, BIDU +5 more
James Sanderson
Northcoast Research
1 question for DASH
Also covers: CAKE, DRI, EAT +8 more
MZ
Mark Zgutowicz
The Benchmark Company
1 question for DASH
Also covers: CART, CRTO, GDDY +7 more
Recent press releases and 8-K filings for DASH.
DoorDash Reports Strong Q4 2025 Performance and Outlines 2026 Strategic Investments
DASH
Guidance Update
New Projects/Investments
M&A
- DoorDash anticipates its 2026 EBITDA margin to increase slightly compared to 2025, with the Deliveroo acquisition expected to contribute $200 million in EBITDA.
- The company's new verticals, including retail and grocery, demonstrated strong growth and are projected to achieve unit economic positive status in the second half of 2026.
- Strategic investments for 2026 include consolidating the global tech stack, expanding autonomy initiatives, and enhancing merchant services to build an operating system for local commerce.
- The U.S. restaurant business showed continued strength, with Q4 2025 contribution margin up year-over-year, and margins are expected to improve in 2026, albeit at a lower pace.
- DashPass achieved record subscriber additions in Q4 and FY 2025, while the ads business grew very fast, notably with the Symbiosys acquisition doubling advertisers and tripling their spend.
Feb 18, 2026, 10:00 PM
DoorDash Discusses Q4 2025 Performance and 2026 Outlook
DASH
Guidance Update
New Projects/Investments
M&A
- DoorDash expects its 2026 EBITDA margin to increase slightly compared to 2025, excluding Deliveroo, which is projected to contribute $200 million in EBITDA. The company anticipates its EBITDA to be higher in the second half of 2026 than the first half.
- The company is making significant investments in its global tech stack, autonomy, and merchant services to build an operating system for local commerce, with operating expenses (OpEx) targeted at approximately 2% of Gross Order Value (GOV) in 2026.
- DoorDash's retail and grocery business is the fastest-growing in the U.S. among third-party platforms and is projected to achieve unit economic positive status in the second half of 2026.
- International operations, including the Deliveroo acquisition, are experiencing faster growth than the U.S. and are performing better than expected, gaining market share in key regions. The U.S. restaurant business also saw improved contribution margin in Q4 2025 and expects continued margin improvements in 2026.
Feb 18, 2026, 10:00 PM
DoorDash Provides Q4 2025 Business Update and 2026 Outlook
DASH
Guidance Update
New Projects/Investments
Revenue Acceleration/Inflection
- DoorDash anticipates its 2026 full-year EBITDA margin to be slightly up compared to 2025, excluding Deliveroo (Roo), which is projected to contribute approximately $200 million in EBITDA.
- The company is undertaking a major investment in its global tech stack to consolidate platforms, with most redundant costs anticipated in 2026.
- The new verticals business (retail and grocery) is growing rapidly and is projected to achieve unit economic positive status in the second half of 2026.
- The U.S. restaurant business demonstrated strong performance with Q4 contribution margin up year-over-year and is expected to continue margin improvements in 2026.
- DashPass achieved a record year and quarter for subscriber additions in 2025, reinforcing its role as a core driver of customer relationships and frequency.
Feb 18, 2026, 10:00 PM
DoorDash Announces Q4 and Full Year 2025 Financial Results and Q1 2026 Outlook
DASH
Earnings
Guidance Update
Share Buyback
- DoorDash reported strong Q4 2025 financial results, with revenue increasing 38% year-over-year to $4.0 billion and Adjusted EBITDA growing 38% year-over-year to $780 million. GAAP net income attributable to common stockholders also increased 51% year-over-year to $213 million.
- For Q1 2026, the company forecasts Marketplace GOV between $31.0 billion and $31.8 billion and Adjusted EBITDA between $675 million and $775 million. This outlook is influenced by incremental investments in Deliveroo, an estimated $20 million impact from storms, and increased Dasher costs.
- Operationally, DoorDash's Marketplace GOV grew 27% year-over-year in 2025, and the company exited the year with over 56 million monthly active users and more than 35 million members across its platforms.
- The board authorized a $5.0 billion share repurchase program in February 2025, though no shares have been repurchased as of February 17, 2026.
Feb 18, 2026, 9:08 PM
DoorDash Announces Q4 and Full Year 2025 Financial Results and 2026 Outlook
DASH
Earnings
Guidance Update
M&A
- DoorDash reported robust Q4 2025 financial results, with revenue increasing 38% year-over-year to $3.955 billion and GAAP net income attributable to common stockholders rising 51% year-over-year to $213 million. For the full year 2025, revenue reached $13.717 billion and net income was $935 million.
- The company provided Q1 2026 guidance, projecting Marketplace GOV between $31.0 billion and $31.8 billion and Adjusted EBITDA between $675 million and $775 million.
- Operationally, DoorDash saw accelerated growth in its U.S. restaurant category and strong year-over-year growth in U.S. grocery and retail Marketplace GOV in Q4 2025, with unit economics in U.S. grocery and retail categories expected to turn positive in 2H 2026.
- The board authorized a $5.0 billion stock repurchase program in February 2025, but no shares have been repurchased as of February 17, 2026.
Feb 18, 2026, 9:05 PM
DoorDash Reports Q4 Earnings and Q1 Guidance
DASH
Earnings
Guidance Update
New Projects/Investments
- DoorDash reported Q4 revenue of $3.96 billion and net income of $213 million, with total orders rising 32% to 903 million, though the company missed Wall Street's revenue and EPS estimates.
- The company set Q1 marketplace GOV guidance of $31.0-$31.8 billion and adjusted EBITDA guidance of $675-$775 million, noting the EBITDA outlook incorporates incremental Deliveroo investments, an estimated $20 million hit from severe storms, and higher Dasher costs.
- Management is undertaking a "massive and expensive" global tech rebuild and ramping up AI and autonomous-delivery investments, a long-term strategy that initially "spooked investors".
- The stock experienced significant volatility around the report, closing up about 7% in one session and moving as much as 12-14% higher in after-hours/extended trading.
Feb 18, 2026, 1:18 AM
Parafin and NMI Partner for Embedded Financing
DASH
Product Launch
New Projects/Investments
- Parafin, an embedded financial infrastructure company, has partnered with NMI, a global leader in embedded payments infrastructure, to offer flexible capital to small business merchants.
- This collaboration will provide over one million merchants in the U.S. with access to financing through NMI's 4,000 channel partners, including Independent Sales Organizations (ISOs), PayFacs, and SaaS platforms.
- The partnership enables NMI's partners to offer embedded capital products (NMI Business Capital powered by Parafin) directly within NMI's platform, aiming to drive retention, unlock new revenue streams, and deepen engagement with merchants.
- Parafin has previously extended over $16 billion in offers across platforms like Amazon, Walmart, and DoorDash.
Dec 9, 2025, 2:00 PM
DoorDash Discusses Strong U.S. Business and Strategic Investments
DASH
New Projects/Investments
Revenue Acceleration/Inflection
- DoorDash's core U.S. business is performing strongly, with growth accelerating for the fourth straight quarter and demonstrating a retention advantage over competitors.
- The company is undertaking significant incremental investments in three main areas: replatforming its underlying tech infrastructure, expanding its software offerings (including SevenRooms and digital ordering), and developing an autonomous delivery platform (such as Dot and through partnerships).
- These investments, with foundational tech work in 2025 and initial module rollouts in 2026, are designed to drive long-term growth durability, enhance efficiency, and accelerate product development.
- Wolt's top-line performance is exceeding initial expectations, and DoorDash intends to leverage its product playbook and operational rigor to improve selection, quality, and affordability in Wolt's operating markets.
Nov 13, 2025, 4:00 PM
DoorDash CFO Discusses Strong Core Business and Strategic Investments
DASH
New Projects/Investments
Revenue Acceleration/Inflection
- DoorDash's core business is performing exceptionally well, with accelerating growth for the fourth consecutive quarter, increased scale, and improved operational metrics including monthly active users and order frequency.
- The company's strategy involves reinvesting efficiency gains into the business to drive durable, long-term growth and profitability, focusing on future performance rather than just the next quarter.
- Key investment areas include a major tech infrastructure replatforming (with modular rollouts starting in 2026 to enhance efficiency and feature velocity), software solutions for merchants (like Seven Rooms and digital ordering), and autonomous delivery (through its own "Dot" initiative and third-party partnerships).
- DashPass membership achieved record performance in the recent quarter and year, surpassing expectations for new sign-ups and demonstrating improved retention and engagement across all cohorts.
Nov 13, 2025, 4:00 PM
DoorDash Discusses Accelerating Growth and Strategic Investments
DASH
Revenue Acceleration/Inflection
New Projects/Investments
Product Launch
- DoorDash's core business is performing strongly, with growth accelerating for the fourth straight quarter in Q3, driven by both restaurant and new verticals, and increased monthly active users and order frequency.
- The company is continuing its strategy of reinvesting profits into the business, with significant current investments focused on replatforming its underlying tech infrastructure, developing software services (such as SevenRooms), and autonomy. Foundational work for the tech replatforming is occurring in 2025, with initial module rollouts expected in 2026.
- DoorDash emphasizes improving product quality, selection, and affordability as key drivers for consumer retention and market share gains, noting a retention advantage over competitors in both U.S. and international markets.
- DashPass (and Wolt Plus internationally) is experiencing record growth in members and engagement, with older cohorts showing increased activity, contributing significantly to overall business growth.
Nov 13, 2025, 4:00 PM
Quarterly earnings call transcripts for DoorDash.
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