DoorDash 8-K
PositiveEarningsNew guidance
Deliveroo and more consumers fueled order growth; adjusted EBITDA and cash generation rose while GAAP net income fell.
Filed 2026-08-05 16:12 ET
- 2.02 Results of Operations
- 7.01 Regulation FD Disclosure
- 9.01 Financial Statements and Exhibits
Summary
Q2 2026 results with Q3 and FY2026 outlook. Total Orders, Marketplace GOV and revenue grew strongly, with Deliveroo contributing to growth; excluding Deliveroo, Y/Y growth was 17%, 23% and 24%, respectively. GAAP net income attributable to DoorDash, Inc. common stockholders fell Y/Y while Adjusted EBITDA and cash generation increased.
Key Figures
| Metric | Q2 2026 | Q2 2025 | Y/Y |
|---|---|---|---|
| Revenue | $4.45B | $3.28B | +36% |
| Operating income | $156M | $163M | -4.3% |
| Net income attributable to DoorDash, Inc. common stockholders | $200M | $285M | -30% |
| Diluted EPS | $0.46 | $0.65 | -29% |
| Adjusted EBITDA | $914M | $655M | +40% |
| Operating cash flow | $944M | $504M | +87% |
| Free Cash Flow | $742M | $355M | +109% |
| Total Orders | 970M | 761M | +27% |
| Marketplace GOV | $33.1B | $24.2B | +36% |
- Growth was driven by more consumers and Deliveroo’s contribution to orders, and by order growth and higher average order value for Marketplace GOV.
- YTD through 8/5/2026, DoorDash repurchased 6.8M Class A shares for $1.05B under its $5.0B authorization; about $3.95B remained. Cash and cash equivalents were $4.42B at 6/30/2026, vs $4.38B at 12/31/2025.
Guidance
| Metric | Period | Guidance | Prior | Direction |
|---|---|---|---|---|
| Marketplace GOV | Q3 2026 | $33.0B-$34.0B | — | — |
| Adjusted EBITDA (non-GAAP) | Q3 2026 | $950M-$1.1B | — | — |
| Stock-based compensation expense | FY2026 | ≈$1.2B-$1.3B | — | — |
| Depreciation and amortization expense | FY2026 | ≈$1.1B-$1.2B, including ≈$450M acquired-intangible amortization | — | — |
| Reported Free Cash Flow impact from year-end merchant-payment timing (non-GAAP) | FY2026 | Reduction of $700M-$800M | — | — |
- H2 2026 Adjusted EBITDA as a percentage of Marketplace GOV is expected to rise Q/Q in Q3 and decline Q/Q in Q4, primarily due to seasonal Dasher costs, higher annual insurance expenses and increased investment in technology and autonomy.
Investor Takeaways
- Q3 Marketplace GOV and Adjusted EBITDA vs their guided ranges will test whether Q2’s growth and profitability momentum continues.
- DoorDash expects its global technology platform to be fully rolled out in H1 2027; its expected benefits depend on successful completion.
- By year-end, DoorDash expects its Dot robot to deliver a high-single-digit percentage of orders in its largest test market.
The summary is written by an AI model reading the filing.
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