01—Abstract
Summary
Summary of the 10-Q filed May 7, 2025. Cited figures are marked; the original filing is the authoritative source.
DoorDash, Inc. reported a significant turnaround in its financial performance for the first quarter of 2025, demonstrating a substantial increase in profitability and revenue compared to the same period in 2024.
The company generated a net income of $193 milliona, a stark contrast to the net loss of $23 million in Q1 2024, highlighting improved operational efficiency and cost management. Revenue also saw robust growth, reaching $3.03 billion, up 21% year-over-year, driven by a 20% increase in Marketplace Gross Order Value (GOV) and a growing contribution from advertising. Operationally, DoorDash processed 732 million Total Orders, an 18% increase, indicating sustained demand for its services.
Key non-GAAP metrics also showed positive momentum, with Contribution Profit increasing to $1.02 billion and Adjusted EBITDA growing to $590 millionb. Free Cash Flow remained strong at $494 million.
The company's balance sheet remains healthy with $6.7 billionc in cash, cash equivalents, and marketable securities as of March 31, 2025. Management expressed confidence in their ability to meet future working capital and capital expenditure needs.
02—Key points
Key Highlights
- Reported a net income of $193 million for Q1 2025, a significant improvement from a net loss of $23 million in Q1 2024.
- Revenue increased by 21% year-over-year to $3.03 billion, driven by a 20% growth in Marketplace GOV.
- Total Orders processed grew by 18% year-over-year to 732 million.
- Contribution Profit increased to $1.02 billion, and Adjusted EBITDA rose to $590 million, showcasing improved profitability.
- Generated Free Cash Flow of $494 million, demonstrating strong operational cash generation.
- Cash, cash equivalents, and marketable securities stood at $6.7 billion as of March 31, 2025, providing substantial liquidity.
- Announced a new $5.0 billion share repurchase program authorization in February 2025.
03—One dollar
04—Financials
Financial Highlights
Figures from 10-QQ1 FY2025filed May 7, 2025Financial Statements
Q1 FY2025 against Q1 FY2024
| Line item | Q1 FY2025Q1 FY2024 | Change |
|---|---|---|
| Revenue | $3.03B$2.51B | +20.7% |
| R&D Expenses | $306.00M$279.00M | +9.7% |
| Operating Expenses | $2.88B$2.57B | +11.8% |
| Operating Income | $155.00M-$61.00M | +354.1% |
| Net Income | $193.00M-$23.00M | +939.1% |
| EPS (Basic) | $0.46$-0.06 | +866.7% |
| EPS (Diluted) | $0.44$-0.06 | +833.3% |
| Shares Outstanding (Basic) | 421.42M405.48M | +3.9% |
| Shares Outstanding (Diluted) | 435.56M405.48M | +7.4% |
05—Questions
Frequently Asked Questions
What was DoorDash's net income/loss for the first quarter of 2025?
DoorDash reported a net income of $193 million for the first quarter of 2025, a significant improvement compared to a net loss of $23 million in the first quarter of 2024.
How did DoorDash's revenue perform in the first quarter of 2025?
Revenue increased by 21% year-over-year to $3.03 billion. This growth was primarily driven by a 20% increase in Marketplace Gross Order Value (GOV) and a growing contribution from advertising revenue.
What is the company's cash position as of March 31, 2025?
As of March 31, 2025, DoorDash had $6.7 billion in cash, cash equivalents, and marketable securities, indicating a strong liquidity position.
What are the key non-GAAP financial metrics indicating the company's operational performance?
Key non-GAAP metrics show positive trends. Contribution Profit increased to $1.02 billion, and Adjusted EBITDA rose to $590 million. Free Cash Flow was strong at $494 million, highlighting the company's ability to generate cash from its operations.
06—Continue