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DoorDash DASH Q4 2025 Annual earnings

Reported February 18, 2026 · After market close

Revenue$4.0BMiss by $40.5M
EPS$0.48Miss by $0.11
Revenue estimate$4.0B
EPS estimate$0.59

Next report

Nov 4, 2026 (in a month)
Revenue estimate$4.6B
EPS estimate$0.82

Financials

Q4 2025

Income statement

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Revenue$4.0B+37.7%
Gross profit$2.0B+42.3%
Operating income$147.0M—
Net income$213.0M+51.1%
EPS (diluted)$0.48+45.5%

Balance sheet

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Cash & equivalents$4.7B+10.9%
Total debt$566.0M+5.6%
Total equity$10.0B+28.6%
Total assets$19.7B+53.0%

Cash flow

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Operating cash flow$421.0M-18.7%
CapEx$54.0M+68.8%
Free cash flow$367.0M-24.5%

Valuation & ratios

Valuation

as of 12/31/25
See full
Market cap$97.61B+40.1%
Enterprise value$93.5B+41.7%
P/E104.4×-462×
P/S7.1×+0.6×

Profitability

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Gross margin50.9%+2.6pp
Operating margin5.3%—
Net margin6.8%+5.7pp
FCF margin15.8%-3.1pp

Returns & leverage

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Return on equity10.5%+8.8pp
Debt / equity0.1×0.0×
Current ratio1.4×-0.3×

Segments

By segment

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Reportable Segment$4.0B+37.7%

FAQ

When did DoorDash report Q4 2025 earnings?
DoorDash (DASH) reported Q4 2025 earnings on February 18, 2026 after market close.
What were DoorDash's Q4 2025 revenue and EPS?
DoorDash reported revenue of $4.0B and eps of $0.48 for Q4 2025.
Did DoorDash beat estimates in Q4 2025?
Revenue missed the consensus estimate of $4.0B by $40.5M. EPS missed the consensus estimate of $0.59 by $0.11.
How did DoorDash's Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 37.7% from $2.9B a year earlier and eps grew 45.5% from $0.33.
Where can I find DoorDash's Q4 2025 SEC filings?
You can read the 8-K earnings release (0001792789-26-000012) and the 10-K periodic report (0001792789-26-000013) directly on SEC EDGAR. The filing index links above go to sec.gov.