DoorDash approaches $4bn revenue in Q4

DoorDash said its cashflow was hampered by the acquisition of Deliveroo (Source: Reuters/Carlo Allegri)

Delivery giant DoorDash’s revenue has grown quarter-on-quarter and across the full financial year in its latest earnings report.

Q4 revenue of $3.95 billion represented a 15 per cent increase compared with the same quarter in the previous year. Full-year revenue of $13.7 billion represented a 38 per cent year-on-year increase.

The final quarter of the year was the company’s most lucrative; it also saw 903 million orders, a 32 per cent quarterly increase. Gross profit in Q4 hit $1.9 billion, a 6.4 per cent increase.

DoorDash said this growth was “driven primarily by growth in the number of consumers and growth in average consumer engagement, as well as our acquisition of Deliveroo”. The company acquired the London-based courier in October 2025.

“As with all areas of our business, we plan to operate Deliveroo with a long-term focus and deep attention to detail,” DoorDash added.

“While we expect cost efficiencies over time from operating a larger global business, we believe our largest opportunity to generate long-term returns at Deliveroo will come from investing in our people and products in order to generate better outcomes for consumers, merchants, and Dashers.”

DoorDash’s GAAP net income attributable to stockholders was $213 million in Q4 2025, an increase from $141 million in Q4 2024 but a decrease from $244 million in Q3 2025.

DoorDash said its cash flow, which fell by 39.5 per cent across consecutive fourth quarters, was negatively impacted by costs associated with the Deliveroo acquisition and by outstanding payments made on credit.

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