DoorDash, Inc. · DASH · FY2025 Q2 · Calendar Q3 2025

DoorDash: New Verticals and Ads Expand the Growth Story

The supplied analysis supports a constructive but qualified growth thesis: expanding verticals, subscriptions, advertising and AI initiatives could broaden DoorDash’s growth drivers, while profitability, integration and execution remain unresolved.

Reported After market closeNASDAQCommunication Services $84.36B market cap
100quality score

Earnings scorecard

Reported versus consensus
Reported EPS $0.65 Consensus $0.44
EPS surprise +48.3% Reported versus consensus
Reported revenue $3.28B Consensus $3.16B
Revenue surprise +3.9% Reported versus consensus

Market reaction

event-close to next-session close
Stock move +5.0% Event window
SPY move -0.1% Same window
Abnormal move +5.1% Stock minus SPY
Volume 3.8× Versus trailing sessions
Subsequent drift -8.9% Up to 20 sessions
DASHSPY benchmark

Ask FN2 about DASH FY2025 Q2

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Why did DASH rise 5.0% after beating EPS estimates in FY2025 Q2?What changed in DASH's guidance and outlook in FY2025 Q2?Give me the bull and bear case for DASH after FY2025 Q2 earnings.

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Transcript intelligence

What changed

The current analysis shifts emphasis toward the advertising platform, AI-enabled product and operating improvements, and the integration of Symbiosys and SevenRooms. Compared with the prior analysis, the narrative is less centered on acquisition catalysts and more on scaling these platform capabilities.

Guidance delta

No formal forward guidance was provided; guidance sentiment is not provided.

Key takeaways

  • New verticals are described as growing faster than the core restaurant business.
  • DashPass expansion and broader selection support repeat usage.
  • The advertising platform is scaling while management emphasizes return on ad spend and conversion.
  • AI is being applied to personalization, search, onboarding and operational efficiency.

Management priorities

  • Expand grocery, retail and convenience offerings.
  • Scale advertising with disciplined performance metrics.
  • Integrate Symbiosys and SevenRooms capabilities for merchants.
  • Advance international growth and robotics and drone delivery pilots.

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Earnings History

Estimate Beat Miss Match
DASH EPS earnings history estimate and actual scatter chart 9 reported fiscal quarters and 3 future estimate-only quarters. Q4 '23 estimate $-0.15 Q4 '23 actual $-0.39, miss Q1 '24 estimate $-0.04 Q1 '24 actual $-0.06, miss Q2 '24 estimate $-0.09 Q2 '24 actual $-0.38, miss Q3 '24 estimate $0.22 Q3 '24 actual $0.38, beat Q2 '25 estimate $0.44 Q2 '25 actual $0.65, beat Q3 '25 estimate $0.68 Q3 '25 actual $0.55, miss Q4 '25 estimate $0.59 Q4 '25 actual $0.48, miss Q1 '26 estimate $0.36 Q1 '26 actual $0.42, beat Q2 '26 estimate $0.47 Q2 '26 actual $0.46, match Q3 '26 estimate $0.82 Q4 '26 estimate $0.82 Q1 '27 estimate $0.85
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Analyst Consensus ?

ConsensusBuy40 ratings
Bullish3075.0%
Neutral1025.0%
Bearish00.0%

Analyst 52W Price Targets

$193.62Previous close
$60Low
$224.56Average
$350High

Latest persisted target per named analyst; persisted previous close from FN2's market snapshot as of Oct 7, 2026. Not an FN2 forecast.

Firm-level rating actions

FMP grade actions identify the grading firm, not a named analyst.

FirmRatingPrior ratingActionDate
Wells Fargo Equal Weight Equal WeightMaintainOct 5, 2026
StoneX Buy BuyMaintainSep 8, 2026
Wedbush Neutral NeutralMaintainAug 20, 2026
Roth Capital Neutral NeutralMaintainAug 10, 2026
Susquehanna Positive PositiveMaintainAug 7, 2026
Show 35 more rating actions

Named analyst price targets

Upside is calculated against the persisted previous close $193.62. FMP does not supply a rating on these named-analyst rows.

FirmAnalyst52W targetPrice when postedUpsideDate
Wells FargoKen Gawrelski$230$189.15 +18.8%Oct 5, 2026
ScotiabankAnalyst unavailable$275$200.44 +42.0%Sep 9, 2026
UBSAnalyst unavailable$295$201.46 +52.4%Sep 8, 2026
WedbushAnalyst unavailable$220$220.66 +13.6%Aug 20, 2026
Roth CapitalAnalyst unavailable$220$212.56 +13.6%Aug 10, 2026
See 138 more

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Company context

Snapshot as of publication

DoorDash, Inc. operates a comprehensive logistics platform globally and within the United States, linking merchants, consumers, and delivery personnel ('dashers'). Through its primary marketplaces, DoorDash and Wolt, the company provides essential services designed to help merchants overcome critical challenges, including customer acquisition, delivery logistics, data insights and analytics, merchandising support, payment processing, and customer assistance. Additionally, DoorDash offers subscription-based products like DashPass and Wolt+, alongside white-label delivery fulfillment services under DoorDash Drive and Wolt Drive. Its portfolio also includes DoorDash Storefront, which enables merchants to provide on-demand e-commerce access to their customers, and Bbot, a solution offering digital ordering and payment processing for both in-store and online channels. Founded in 2013 as Palo Alto Delivery Inc., the company officially adopted the name DoorDash, Inc. in 2015. It is headquartered in San Francisco, California.

Historical context

All DASH earnings
+2.9%FY2026 Q2 · Calendar Q3 2026+2.0%FY2026 Q1 · Calendar Q2 2026+1.6%FY2025 Q4 · Calendar Q1 2026

Latest beats and misses

Who reports next

Beat on EPS

Missed on EPS

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Sources

  1. Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
  2. FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
  3. Polygon adjusted daily market bars · 2026-10-07T07:30:42.649574+00:00
  4. Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-07T07:30:42.646761+00:00

Methodology

Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.

Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.

Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.

By FN2 Research · Updated · As of 2026-10-07. For educational purposes only; not investment advice.