Filing Flows › DoorDash (DASH) › Q2 2025
DoorDash (DASH) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 6, 2025
DoorDash (DASH) reported revenue of $3.3B for the second quarter 2025 (Q2 2025), +25% from a year earlier and +8% from the quarter before. Operating margin was 5.0%, net earnings $284M (8.6% of revenue).
DoorDash, Q2 2025: revenue $3.3B (+25% year over year), operating margin 5.0%, net earnings $284M, operating cash flow $504M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.3B | +8% | +25% |
| Operating profit | $163M | +5% | — |
| Net earnings | $284M | +48% | — |
| Operating cash flow | $504M | -21% | -5% |
| Free cash flow | $438M | -22% | -14% |
What changed
Revenue was $3.3B in Q2 2025, up 25% year over year and up 8% from the previous quarter.
Operating profit was $0.16B, a 5.0% margin (up 12.6 points year over year). Total costs grew 10% against revenue growth of 25%. The fastest-growing cost line was Sales & marketing (+19%). Net earnings were $0.28B. The effective tax rate was -4.8%. Non-operating items added $0.11B, 40% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $0.50B (down 5% year over year), 177% of net earnings. Non-cash charges added back $0.16B of depreciation and amortization and $0.28B of share-based compensation. Working capital and other items used $0.22B. Capital expenditures of $0.07B left free cash flow of $0.44B.
Questions
What was DoorDash's revenue in the second quarter 2025?
DoorDash (DASH) reported revenue of $3.3B for the second quarter 2025 (Q2 2025), +25% from a year earlier and +8% from the quarter before.
Was DoorDash profitable in the second quarter 2025?
Operating profit was $163M (5.0% of revenue) and net earnings $284M.
Source: DoorDash 10-Q on SEC EDGAR.