NASDAQ$DASH

DoorDash Inc · Q3 2025 earnings

Q3 2025 earnings · · After market close · Investor relations

Briefing

DoorDash reported Q3 2025 revenue of $2.71B with net income of $161M and diluted EPS of $0.38.

Third-quarter total revenue was $2.71 billion versus $3.45 billion a year ago on portfolio changes. Net income was $161 million and diluted EPS was $0.38. Gross order volume trends across Marketplaces and Commerce Platform drove the top line.

  • Q3 revenue $2.71B; Marketplace and Drive remain core engines.
  • Diluted EPS $0.38; returned to GAAP profitability.
  • SevenRooms acquisition expands Commerce Platform.
  • Competition and Dasher incentive costs affect unit economics.

Headline financials

Total Revenue

$3.45B

Previous: $2.71B+27.3%
EPS (adj)

$0.38

Previous: $0.38+0.0%
Total Orders

776.0M

Previous: 643.0M+20.7%
Marketplace GOV

$25B

Previous: $20B+25.1%
Net Revenue Margin

13.8%

No prior period
Adjusted EBITDA

$754M

Previous: $533M+41.5%
Contribution Profit

$1.27B

Previous: $930M+36.3%
Capital Expenditures

-$203M

Previous: -$72M-181.9%
Free Cash Flow

$41M

Previous: $90M-54.4%
Net Income

$244M

Previous: $162M+50.6%
Operating Income

$258M

Previous: $107M+141.1%
Gross Profit

-$1.69B

Previous: -$1.37B-22.8%
Cash & Equivalents

$3.28B

No prior period
Total Assets

$18B

No prior period

Revenue & EPS history

DoorDash · Revenue · Quarterly

$3.45B

Q3 2025+27.3%vs Q3 2024
Beat estimate in 4 of 15 quarters(27%)
ActualEstimate

Forward guidance

DoorDash discusses Marketplace growth, Dasher supply, and Commerce Platform expansion.

Tailwinds

  • GAAP profitability inflection.
  • SevenRooms and Drive white-label growth.

Headwinds

  • Competitive delivery fee pressure.
  • Incentive spend and insurance costs.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2025

Historical avgQ3 2025

+1.3%

Avg return

Earnings day

+1.3%

Avg return

5 days after

-0.0%

Avg return

30 days after

56%

14 / 25 earnings

Positive

+24.9%

Q1 2021

Best reaction

-17.4%

Q3 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.4%-5.8%-5.6%
Q4 2025-0.6%-5.2%-9.7%
Q3 2025-17.4%-15.7%-5.5%
Q2 2025+5.0%+2.4%-4.4%
Q1 2025-7.5%-10.7%+5.1%
Q4 2024+4.0%+10.5%-5.0%
Q3 2024+1.0%+1.3%+16.3%
Q2 2024+5.9%+10.8%+16.2%
Q1 2024-11.6%-9.0%-14.8%
Q4 2023-3.3%-3.8%+8.8%
Q3 2023+17.1%+18.8%+28.9%
Q2 2023-1.3%-2.6%-2.9%
Q1 2023+0.9%+7.9%+8.9%
Q4 2022-9.3%-14.8%-12.5%
Q3 2022+14.3%+20.9%+22.3%
Q2 2022+1.0%-8.1%-26.8%
Q1 2022-11.7%-16.1%-16.7%
Q4 2021+3.2%-5.5%+5.4%
Q3 2020+18.4%+26.4%-17.7%
Q3 2021+10.9%+27.3%-14.6%
Q2 2020-0.3%+1.8%+11.8%
Q2 2021+2.2%-2.5%+10.4%
Q1 2021+24.9%+22.6%+36.4%
Q4 2019-11.1%-9.5%-11.2%
Q4 2020-3.9%-8.9%-24.0%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro