Every material Form 8-K DoorDash filed with the SEC in 2025, 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.
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.
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