Highlights

  • Second quarter 2026 revenue was $4,454 million, and Total Orders were 970 million, up 27% year over year.
  • Marketplace GOV was $33,078 million, up 36%, while net income attributable to common stockholders was $200 million against $285 million.
  • Adjusted EBITDA, a non-GAAP measure, was $914 million, and cash, cash equivalents and investments were $6.2 billion at June 30.
  • DoorDash repurchased 5.7 million Class A shares for $887 million in the second quarter and amended its credit agreement August 5.

DoorDash, Inc. (NASDAQ: DASH) shares were trading at USD 173.13 on October 27, 2026, up 2.78%, with a relative volume at time of 3.50. The company completed its Deliveroo plc acquisition on October 2, 2025, amended and restated its credit agreement on August 5, 2026, and filed its 10-Q for the quarter ended June 30, 2026 on August 5, 2026.

DoorDash is incorporated in Delaware and headquartered in San Francisco, California. It operates the DoorDash, Wolt and Deliveroo Marketplaces in over 40 countries, along with a Commerce Platform that includes white-label delivery services through Drive. It offers the DashPass, Wolt+ and Deliveroo Plus membership programs. The company reports one reportable segment. Its fiscal year ends December 31.

Second Quarter 2026 Results

For the three months ended June 30, 2026, Total Orders were 970 million, compared with 761 million. Marketplace GOV was $33,078 million, compared with $24,244 million. Revenue was $4,454 million, an increase of 36% from $3,284 million, and Net Revenue Margin was 13.5%. GAAP gross profit was $2,223 million.

Income from operations was $156 million, against $163 million in the second quarter of 2025. Net income attributable to DoorDash common stockholders was $200 million, or $0.46 per diluted share, against $285 million, or $0.65 per diluted share. Adjusted EBITDA, a non-GAAP measure, was $914 million, compared with $655 million, and Contribution Profit, also non-GAAP, was $1,641 million.

Costs rose across lines. Research and development expenses were $535 million, up 52%, and general and administrative expenses were $538 million, which included an increase of $108 million in legal, tax and regulatory expenses. Depreciation and amortization was $295 million, up 86%, mainly from amortization of acquired intangible assets. Restructuring charges were $50 million for the six months ended June 30, 2026, up $49 million, which the company linked to employee termination costs and closures of operations in certain countries under restructuring activities announced in the first quarter of 2026.

Interest income, net was $35 million, a decrease of $14 million from the second quarter of 2025. Other income, net was $16 million, a decrease of $43 million, mainly reflecting a change in fair value of a deal-contingent forward contract recognized in the second quarter of 2025. For the six months, revenue was $8,490 million and net income attributable to common stockholders was $384 million.

Balance Sheet, Cash Flow and Capital

At June 30, 2026, cash, cash equivalents and investments were $6.2 billion, including cash and cash equivalents of $4.4 billion. Convertible notes, net, were $2,724 million, related to the $2.75 billion of 0% Convertible Senior Notes due 2030. The company reported an accumulated deficit of $5.0 billion. Net cash provided by operating activities for the six months was $1,538 million. Repurchases of common stock were $1,049 million, and acquisitions, net of cash acquired, were $30 million.

Under its $5.0 billion share repurchase authorization announced in February 2025, DoorDash repurchased 6.8 million Class A shares for $1.0 billion in the six months, at a weighted-average price of $155.25 per share. On August 5, 2026, it entered an amendment agreement that amended and restated its credit agreement with JPMorgan Chase Bank, N.A. as administrative agent. No revolving loans were outstanding at June 30, 2026.

Outlook

The transcript materials list a third quarter 2026 outlook for Marketplace GOV of $33.0 billion to $34.0 billion and Adjusted EBITDA of $950 million to $1.1 billion, and stock-based compensation of $1.2 billion to $1.3 billion for 2026. The 10-Q states that the company may incur operating losses and negative operating cash flows in the future and may require additional capital resources.