10-K · May 6, 2026
DoorDash, Inc. posted strong financial results in 2025, with revenues reaching $13.7 billion, up 28% year-over-year. The company has expanded its service offerings significantly through acquisitions, including Deliveroo…
Earnings analysis · 10-Q
DASH earnings analysis
Filed May 6, 2026 · Our reading of the company's report
The latest report
DoorDash, Inc. posted Q1 2026 results with revenues of $4.036 billion, marking a 33% increase year-over-year, but falling slightly short of the $4.145 billion consensus estimate. EPS came in at $0.42, beating…
Read full summary
DoorDash, Inc. posted Q1 2026 results with revenues of $4.036 billion, marking a 33% increase year-over-year, but falling slightly short of the $4.145 billion consensus estimate. EPS came in at $0.42, beating expectations of $0.37. Management highlighted substantial growth in Marketplace Gross Order Value (GOV) at $31.6 billion, up 37% year-over-year. However, net income decreased to $184 million from $193 million year-over-year, driven by rising operational costs and restructuring charges.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.42
What stood out
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Revenue Growth Exceeds Prior Year
Q1 2026 revenue reached $4.036 billion, a 33% increase from $3.032 billion in Q1 2025.
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Strong Marketplace GOV Growth
Marketplace GOV increased to $31.6 billion, reflecting a 37% growth year-over-year.
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EPS Surprises to the Upside
Reported EPS was $0.42, surpassing consensus estimates of $0.37.
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Growth in Total Orders
Total Orders rose to 933 million, up 27% from 732 million in Q1 2025.
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Adjusted EBITDA Improvement
Adjusted EBITDA rose to $754 million, an increase from $590 million the year prior.
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Sufficient Liquidity for Operations
Cash and cash equivalents stand at $4.6 billion, signaling strong liquidity position.
What to watch
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Increased Restructuring Costs
Restructuring charges surged to $48 million in Q1 2026, up from $1 million in Q1 2025.
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Decline in Net Income
Net income decreased to $184 million from $193 million year-over-year.
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Operating Costs Rise
Total operating expenses increased by 35% to $3.885 billion compared to $2.877 billion in Q1 2025.
Management's outlook
Forward guidance for Q2 2026 includes Marketplace GOV expectation of $32.4 billion - $33.4 billion.
Earlier filings 4
10-K · February 18, 2026
DoorDash, Inc. reported significant growth in 2025, with total revenue reaching $13.7 billion, up 28% from the previous year. The company also achieved a net income of $935 million, marking a notable recovery from a…
10-Q · November 6, 2025
DoorDash reported a strong Q3 2025 with a 27% YoY increase in revenue to $3.45 billion, although it missed EPS expectations at $0.55 vs. $0.68 consensus. The company's gross margin improved to 51% while operating margin…
10-Q · August 6, 2025
DoorDash reported strong second-quarter results, achieving revenue of $3.28 billion, a 25% increase year-over-year, alongside an impressive EPS of $0.65, surpassing estimates by 51%. Key growth drivers included…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.