Filing Flows › DoorDash (DASH) › Q1 2025
DoorDash (DASH) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 7, 2025
DoorDash (DASH) reported revenue of $3.0B for the first quarter 2025 (Q1 2025), +21% from a year earlier and +6% from the quarter before. Operating margin was 5.1%, net earnings $192M (6.3% of revenue).
DoorDash, Q1 2025: revenue $3.0B (+21% year over year), operating margin 5.1%, net earnings $192M, operating cash flow $635M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.0B | +6% | +21% |
| Operating profit | $155M | +32% | — |
| Net earnings | $192M | +38% | — |
| Operating cash flow | $635M | +23% | +15% |
| Free cash flow | $561M | +15% | +5% |
What changed
Revenue was $3.0B in Q1 2025, up 21% year over year and up 6% from the previous quarter.
Operating profit was $0.15B, a 5.1% margin (up 7.5 points year over year). Total costs grew 12% against revenue growth of 21%. The fastest-growing cost line was Sales & marketing (+16%). Net earnings were $0.19B. The effective tax rate was 3.0%. Non-operating items added $0.04B, 22% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $0.64B (up 15% year over year), 331% of net earnings. Non-cash charges added back $0.15B of depreciation and amortization and $0.23B of share-based compensation. Working capital and other items added $0.06B. Capital expenditures of $0.07B left free cash flow of $0.56B.
Questions
What was DoorDash's revenue in the first quarter 2025?
DoorDash (DASH) reported revenue of $3.0B for the first quarter 2025 (Q1 2025), +21% from a year earlier and +6% from the quarter before.
Was DoorDash profitable in the first quarter 2025?
Operating profit was $155M (5.1% of revenue) and net earnings $192M.
Source: DoorDash 10-Q on SEC EDGAR.