**DoorDash Reports Strong Revenue Growth and Path to Profitability in Fiscal Year 2025**
DoorDash, Inc. (DASH) released its 10-K filing, detailing its financial performance and strategic developments for the fiscal year ended December 31, 2025. The company reported revenue of $13.72 billion, a 28% increase compared to $10.72 billion in the previous fiscal year. This growth was primarily driven by a 27% increase in Marketplace Gross Order Value (GOV), which reached $102.02 billion. The company's net revenue margin remained consistent at 13.4%.
The company's path to profitability continued, with net income attributable to DoorDash, Inc. common stockholders reaching $935 million, a significant improvement from a net loss of $123 million in the prior year. Adjusted EBITDA, a key metric for assessing operating performance, increased to $2.78 billion, representing 2.7% of Marketplace GOV. This improvement was attributed to growth in Contribution Profit, which rose to $4.84 billion, partially offset by increases in adjusted research and development and general and administrative expenses. The company's free cash flow was $1.83 billion, consistent with the previous year.
Operationally, DoorDash continued to expand its reach and engagement. Total Orders completed through its Marketplaces and Commerce Platform grew to 3.17 billion, a 23% increase year-over-year. This growth was fueled by an increase in the number of consumers and their average engagement. The company also highlighted its commitment to its workforce, reporting over 31,400 employees worldwide as of December 31, 2025, and over 9 million Dashers earning a total of over $20 billion in 2025.
Strategic developments included the acquisitions of Deliveroo, SevenRooms, and Symbiosys, aimed at expanding the company's capabilities and market reach. The acquisition of Deliveroo, completed on October 2, 2025, for $3.72 billion, is expected to strengthen DoorDash's position as a leading global platform in local commerce. The company also emphasized its ongoing investments in technology, customer service, and sales and marketing infrastructure to support its growth and improve its platform. DoorDash anticipates continued investments in non-U.S. operations and its global technology platform.
About DoorDash, Inc.
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