Summary
DoorDash, Inc.'s (DASH) 10-K filing for the fiscal year ended December 31, 2025, reports significant growth and profitability. The company has successfully integrated its recent acquisitions of SevenRooms Inc. and Deliveroo plc, bolstering its global presence and service offerings in local commerce. Despite these strategic expansions, the filing highlights a strong financial performance, with notable increases in revenue and a significant swing to net income. The primary focus of this amendment is to correct an oversight in the auditor's report regarding the exclusion of newly acquired entities (SevenRooms and Deliveroo) from the internal control over financial reporting assessment. This amendment does not alter the core financial statements or the overall audit opinion on their fairness and accuracy. Investors should note the substantial increase in goodwill and intangible assets due to the acquisitions, reflecting the company's aggressive growth strategy. The company also successfully completed a significant convertible note offering, strengthening its financial flexibility.
Financial Highlights
50 data points| Revenue | $13.72B |
| R&D Expenses | $1.43B |
| Operating Expenses | $12.99B |
| Operating Income | $723.00M |
| Net Income | $935.00M |
| EPS (Basic) | $2.19 |
| EPS (Diluted) | $2.13 |
| Shares Outstanding (Basic) | 427.04M |
| Shares Outstanding (Diluted) | 439.69M |
Key Highlights
- 1Revenue increased significantly from $10.72 billion in 2024 to $13.72 billion in 2025, demonstrating robust top-line growth.
- 2The company achieved profitability, with net income attributable to common stockholders rising to $935 million in 2025, a substantial increase from $123 million in 2024.
- 3DoorDash completed two major acquisitions in 2025: SevenRooms Inc. (June 13) and Deliveroo plc (October 2), significantly expanding its market reach and service capabilities.
- 4Goodwill more than doubled from $2.32 billion in 2024 to $5.52 billion in 2025, primarily due to the substantial acquisitions of SevenRooms and Deliveroo.
- 5Intangible assets also saw a significant increase, rising from $2.26 billion in 2024 to $5.52 billion in 2025, driven by the acquired customer relationships, developed technology, and trade names from the acquisitions.
- 6The company issued $2.75 billion in Convertible Senior Notes due 2030, strengthening its balance sheet and providing capital for future growth and strategic initiatives.
- 7The auditor's report was amended to include an explanatory paragraph clarifying that the audit of internal control over financial reporting did not include an evaluation of SevenRooms and Deliveroo due to their recent acquisitions.