Quarterly Report — Q2 2025
Filed August 6, 2025
Revenue grew strongly year-over-year across both U.S. and international segments, with DoorDash continuing to expand its global footprint. The company made notable strategic moves in Q2 2025, including the acquisition of SevenRooms (a restaurant technology platform) and Symbiosys, signaling a push deeper into merchant services beyond delivery. DoorDash also raised capital through convertible senior notes due 2030, giving it a bigger war chest to fund growth while keeping the balance sheet flexible.
Filing details
Performance by segment
Single Reportable Segment
DoorDash operates as a single reportable segment. Revenue grew 25% YoY to $3.28 billion in Q2 2025, driven by Total Orders of 761 million (up 20% YoY) and Marketplace GOV of $24.2 billion (up 23% YoY). The company swung to net income of $285 million in Q2 2025 from a net loss of $157 million in Q2 2024, with Adjusted EBITDA reaching $655 million (up from $430 million YoY). Net Revenue Margin improved to 13.5% from 13.3%, driven by improved logistics efficiency, increasing advertising revenue contribution, and lower credits/refunds as a percentage of GOV.