Every material Form 8-K DoorDash has filed with the SEC since April 19, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
On October 28, 2026, DoorDash agreed to acquire Instacart (Maplebear Inc.) in a deal valued at about $17 billion, or $65.00 per Instacart share. Instacart stockholders can elect cash, DoorDash stock, or a mix, with stock capped at 25% of the aggregate consideration, so the deal is at least 75% cash. The transaction is expected to close in late 2027 or the first half of 2028, subject to Instacart stockholder approval and regulatory clearances.
Instacart holders can elect $65.00 in cash, 0.3372 DoorDash Class A shares, or $48.75 in cash plus 0.0843 shares; the $65.00 value is a 26% premium to Instacart's October 22, 2026 close
Instacart must pay a $650 million termination fee in specified circumstances; DoorDash must pay $1.25 billion if antitrust issues block the deal after the Outside Date
DoorDash plans to fund the cash portion with cash on hand and debt, backed by a 364-day bridge loan commitment from JPMorgan Chase Bank, N.A.; the deal has no financing condition
Stockholders holding about 19% of Instacart's outstanding shares have agreed to vote in favor; the deal requires HSR, Canadian and Israeli approvals
DoorDash reported third-quarter 2026 financial results with marketplace GOV of $33.9 billion and GAAP net income of $466 million. Additionally, the company announced a definitive agreement to acquire Instacart for $65.00 per share, representing an equity value of approximately $17 billion. DoorDash also issued financial guidance for the fourth quarter of 2026.
Total orders increased 28% year-over-year to 993 million in Q3 2026.
GAAP net income attributable to common stockholders reached $466 million in Q3 2026.
DoorDash agreed to acquire Instacart for $65.00 per share in a transaction valued at approximately $17 billion.
Q4 2026 marketplace GOV is projected to be between $35.4 billion and $36.4 billion.
DoorDash reported second-quarter 2026 results on August 5, 2026. Revenue rose 36% year over year to $4.5 billion, and Adjusted EBITDA rose 40% to $914 million, but GAAP net income attributable to common stockholders fell 30% to $200 million; the company said excluding Deliveroo, revenue rose 24%. The company also guided to third-quarter 2026 Adjusted EBITDA of $950 million to $1.1 billion.
Revenue rose 36% year over year to $4.5 billion; Total Orders rose 27% to 970 million, or 17% excluding Deliveroo.
GAAP net income attributable to common stockholders fell 30% year over year to $200 million, while Adjusted EBITDA rose 40% to $914 million.
Q3 2026 outlook: Marketplace GOV of $33.0 billion to $34.0 billion and Adjusted EBITDA of $950 million to $1.1 billion.
As of August 5, 2026, about $3.95 billion remained under the stock repurchase authorization, after 6.8 million shares were bought year to date for $1.05 billion.
DoorDash reported first-quarter 2026 revenue up 33% year over year to $4.0 billion and Adjusted EBITDA up 28% to $754 million, while GAAP net income attributable to common stockholders fell 5% to $184 million. The company guided second-quarter 2026 Adjusted EBITDA to $770 million to $870 million and Marketplace GOV to $32.4 billion to $33.4 billion, and it expects to spend over $50 million on its Dasher gas relief program in the quarter.
Q1 2026 revenue $4.0 billion, up 33% Y/Y; Marketplace GOV $31.6 billion, up 37% Y/Y
GAAP net income $184 million, down from $193 million in Q1 2025 and $213 million in Q4 2025
Q2 2026 guidance: Adjusted EBITDA $770 million to $870 million; Marketplace GOV $32.4 billion to $33.4 billion
Company repurchased $205 million of Class A stock year to date through May 5, with about $4,795 million remaining under its authorization
DoorDash reported fourth-quarter 2025 revenue of $3.955 billion, up 38% from a year earlier, and GAAP net income attributable to common stockholders of $213 million, up 51% year over year but down from $244 million in the prior quarter. For Q1 2026 it guided to Marketplace GOV of $31.0 billion to $31.8 billion and Adjusted EBITDA of $675 million to $775 million, and it said Free Cash Flow fell to $254 million in Q4 2025 from $420 million a year earlier.
Q4 2025 revenue rose 38% Y/Y to $3.955 billion; Adjusted EBITDA rose 38% Y/Y to $780 million
GAAP net income was $213 million in Q4 2025, versus $244 million in Q3 2025
Q1 2026 guidance: Marketplace GOV of $31.0 billion to $31.8 billion; Adjusted EBITDA of $675 million to $775 million
Free Cash Flow was $254 million in Q4 2025, down 40% Y/Y; no shares repurchased under the $5.0 billion February 2025 authorization as of February 17, 2026
DoorDash expanded its board to eleven members and elected Milan Kovac, a former Tesla vice president who led its Optimus humanoid robotics program, effective January 16, 2026. Kovac also joined the Nominating and Corporate Governance Committee, and his director pay under the outside director policy has been raised to $300,000 for certain annual awards from $250,000. The filing reports no financial results, so the appointment's effect on shareholders depends on the board's future decisions.
Board increased to 11 members; Milan Kovac elected effective January 16, 2026 as a Class III director with a term expiring at the 2026 annual meeting
Kovac appointed to the Nominating and Corporate Governance Committee
Certain director awards (New Hire, Pro-rated Annual and Annual) increased to $300,000 from $250,000 under the policy amended October 28, 2025
Kovac served as Vice President, Optimus (Tesla Bot) at Tesla from September 2024 to June 2025
DoorDash reported third-quarter 2025 results for the quarter ended September 30, 2025, with revenue up 27% year over year to $3.4 billion and GAAP net income attributable to common stockholders up 51% to $244 million. The company gave fourth-quarter 2025 guidance of $28.9 billion to $29.5 billion for Marketplace GOV and $710 million to $810 million for Adjusted EBITDA, and said it expects to invest several hundred million dollars more in 2026 than in 2025. Results include the Deliveroo acquisition, which closed on October 2, and as of November 4 the company had not repurchased any shares under its $5.0 billion February 2025 authorization.
Total Orders rose 21% year over year to 776 million, and Marketplace GOV rose 25% to $25.0 billion.
Adjusted EBITDA rose 41% year over year to $754 million, but GAAP net income fell from $285 million in Q2 2025 to $244 million.
Q4 2025 outlook: Marketplace GOV of $28.9 billion to $29.5 billion and Adjusted EBITDA of $710 million to $810 million.
Deliveroo is expected to contribute approximately $45 million to Adjusted EBITDA in Q4 2025 and approximately $200 million in 2026.
DoorDash reported second-quarter 2025 results, with revenue up 25% year over year to $3.3 billion and GAAP net income attributable to common stockholders of $285 million, compared with a loss of $(157) million a year earlier. The company also gave third-quarter 2025 outlook for Marketplace GOV of $24.2 billion to $24.7 billion and Adjusted EBITDA of $680 million to $780 million, and said it expects the proposed Deliveroo acquisition to close in Q4 2025.
Total Orders rose 20% year over year to 761 million, and Marketplace GOV rose 23% to $24.2 billion.
Adjusted EBITDA was $655 million, up 52% from $430 million in Q2 2024.
Free Cash Flow was $355 million, down from $451 million in Q2 2024.
The board's $5.0 billion share repurchase authorization from February 2025 had not been used as of August 5, 2025.
DoorDash issued $2.75 billion of 0% convertible senior notes due May 15, 2030, including a $250 million option exercised in full by the initial purchasers. The company used about $338.5 million of net proceeds to fund convertible note hedge transactions, with the remainder for general corporate purposes, which may include acquisitions and share repurchases. The notes add debt and can convert into Class A common stock at about $291.97 per share, which could dilute existing shareholders unless offset by the hedges.
Notes issued May 30, 2025: $2.75 billion aggregate principal, including $250 million from the exercised option
Net proceeds of approximately $2,720 million after fees and estimated expenses
About $338.5 million used for convertible note hedge transactions, partly offset by warrant sale proceeds
Initial conversion price of approximately $291.97 per share; notes mature May 15, 2030
DoorDash reported first-quarter 2025 results, with revenue up 21% year over year to $3.0 billion and GAAP net income attributable to common stockholders of $193 million, compared with a loss of $23 million a year earlier. The company also agreed to acquire SevenRooms for about $1.2 billion in cash and made a recommended final offer for Deliveroo, which it expects to close in Q4 2025, subject to approvals, so the deals could shape shareholder dilution and spending in the coming quarters.
Total Orders rose 18% to 732 million and Marketplace GOV rose 20% to $23.1 billion in Q1 2025.
Q2 2025 outlook: Marketplace GOV of $23.3 billion to $23.7 billion and Adjusted EBITDA of $600 million to $650 million.
SevenRooms acquisition for approximately $1.2 billion in an all-cash deal, expected to close in the second half of 2025.
Deliveroo offer at 180 pence per share, equal to an equity value of £2.9 billion, expected to close in Q4 2025.
DoorDash and Deliveroo boards agreed terms for a recommended cash acquisition of Deliveroo by DoorDash, to be implemented through a UK court-sanctioned scheme of arrangement. DoorDash has arranged a bridge loan of up to $2.85 billion to partly fund the cash consideration, and the deal is expected to close in the fourth quarter of 2025 subject to conditions.
Deliveroo shareholders to receive 180 pence in cash per share; equity value approximately £2.9 billion and enterprise value approximately £2.4 billion
Bridge Term Loan of up to $2.85 billion from lenders led by JPMorgan Chase Bank, N.A., with loans maturing 364 days after closing
Expected completion in Q4 2025; Scheme must become effective no later than May 6, 2026
Shareholder and director irrevocable undertakings cover approximately 8.967% and 6.462% of Deliveroo's outstanding shares respectively
DoorDash reported fourth-quarter and full-year 2024 results, with revenue up 25% year over year and GAAP net income attributable to common stockholders of $141 million, compared with a loss of $154 million in the year-earlier quarter. The company also gave a first-quarter 2025 Adjusted EBITDA outlook of $550 million to $600 million and authorized up to $5.0 billion in share repurchases.
Q4 2024 revenue was $2.9 billion, up 25% Y/Y; GAAP net income attributable to common stockholders was $141 million versus a $(154) million loss in Q4 2023.
Q4 2024 Adjusted EBITDA was $566 million, up from $363 million in Q4 2023.
Q1 2025 outlook: Marketplace GOV of $22.6 billion to $23.0 billion and Adjusted EBITDA of $550 million to $600 million.
On February 11, 2025, the board authorized repurchases of up to $5.0 billion of Class A common stock, inclusive of the remaining $876 million under the prior authorization.
DoorDash reported third-quarter 2024 results for the quarter ended September 30, 2024, with revenue up 25% year-over-year to $2.7 billion and GAAP net income attributable to common stockholders of $162 million, compared with a $73 million loss a year earlier. The company said this was its first quarter of positive GAAP net income as a public company. It also gave fourth-quarter 2024 guidance of $20.6 billion to $21.0 billion in Marketplace GOV and $525 million to $575 million in Adjusted EBITDA.
Q3 2024 revenue rose 25% year-over-year to $2.7 billion; Total Orders rose 18% to 643 million.
GAAP net income attributable to DoorDash common stockholders was $162 million, versus a $(73) million loss in Q3 2023.
Adjusted EBITDA reached $533 million, up 55% from $344 million a year earlier.
Q4 2024 outlook: Marketplace GOV of $20.6 billion to $21.0 billion and Adjusted EBITDA of $525 million to $575 million; the company repurchased $224 million of stock through October 29, 2024, with about $876 million left under its authoriza
DoorDash reported second-quarter 2024 results on August 1, 2024, with revenue up 23% year over year to $2.6 billion and GAAP net loss narrowing to $158 million from $172 million a year earlier. The company also gave third-quarter guidance of $19.4 billion to $19.8 billion in Marketplace GOV and $470 million to $540 million in Adjusted EBITDA, while recording $85 million in litigation reserves and $83 million in office lease impairment expenses in the quarter.
Revenue rose 23% year over year to $2.6 billion; Net Revenue Margin was 13.3%, up from 13.0% a year earlier.
Adjusted EBITDA was $430 million, up from $279 million in Q2 2023; GAAP net loss was $158 million versus $172 million.
Q2 results included $85 million in litigation reserves and $83 million in office lease impairment expenses; the company expects legal expenses to decline meaningfully in Q3 2024.
Q3 2024 outlook: Marketplace GOV of $19.4 billion to $19.8 billion and Adjusted EBITDA of $470 million to $540 million.
DoorDash amended and restated its revolving credit agreement on April 26, 2024, increasing the unsecured revolving facility from up to $400.0 million to up to $800.0 million and raising the letter of credit sublimit from $200.0 million to $600.0 million. As of April 26, 2024, no revolving loans were drawn and $111.4 million in letters of credit were outstanding, and the facility now runs to April 26, 2029. The larger facility gives the company more borrowing capacity, though the filing shows no drawn debt at signing.
Revolving facility increased from up to $400.0 million to up to $800.0 million; letter of credit sublimit raised from $200.0 million to $600.0 million
No revolving loans outstanding and $111.4 million in letters of credit outstanding as of April 26, 2024
Commitments run until April 26, 2029; company may add up to $2.0 billion in further commitments, subject to lender participation and covenant compliance
DoorDash reported first-quarter 2024 results on May 1, 2024, with revenue up 23% year over year to $2.5 billion and a GAAP net loss including redeemable non-controlling interests of $25 million, compared with $162 million a year earlier. The company also gave second-quarter 2024 guidance for Marketplace GOV of $19.0 billion to $19.4 billion and Adjusted EBITDA of $325 million to $425 million. For shareholders, the filing shows higher revenue and a smaller loss, with the company noting that Seattle and New York City earnings rules are reducing merchant earnings and order volume in those markets.
Revenue rose 23% year over year to $2.5 billion in Q1 2024, from $2.035 billion in Q1 2023.
GAAP net loss including redeemable non-controlling interests was $25 million, versus $162 million in Q1 2023.
Adjusted EBITDA reached $371 million, up from $204 million in Q1 2023.
Q2 2024 outlook: Marketplace GOV of $19.0 billion to $19.4 billion and Adjusted EBITDA of $325 million to $425 million.
DoorDash appointed Jeffrey Blackburn, a former Amazon senior vice president, to its Board of Directors, effective May 6, 2024, and he will join the leadership development, inclusion and compensation committee. Director Greg Peters said he will not stand for re-election at the 2024 annual meeting, when his term ends. The filing reports no financial results, so the changes are governance matters for shareholders rather than a direct measure of performance.
Jeffrey Blackburn, age 54, elected to the board on April 18, 2024; term begins May 6, 2024 as a Class II director expiring at the 2025 annual meeting
Blackburn held senior roles at Amazon.com, including Senior Vice President of Global Media and Entertainment from May 2021 to February 2023
Greg Peters informed the company on April 15, 2024 that he will not stand for re-election; he remains a director until the 2024 Annual Meeting
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