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DoorDash Reports Strong Quarterly Growth but Warns of Rising Costs
Delivery company sees 38% revenue increase but faces pressure from new initiatives like autonomous delivery robots and drone tests.
Published on Feb. 23, 2026
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DoorDash reported a 38% increase in revenue for the fourth quarter, driven by gains in new U.S. customers and the addition of new services like restaurant reservations. However, the company warned investors that it expects higher costs related to the development of autonomous delivery robots and drone delivery tests, which may impact its adjusted pretax earnings in the first quarter.
Why it matters
DoorDash's strong quarterly growth demonstrates the continued demand for food delivery services, but the company's rising costs for new initiatives like autonomous and drone delivery could put pressure on its profitability and stock price in the near term.
The details
DoorDash reported revenue of $3.96 billion for the fourth quarter, up 38% year-over-year, and total orders rose 32% to 903 million. The company added more than 56 million active users during the quarter, including 35 million members paying monthly fees for its subscription programs. However, DoorDash also saw significant increases in its research and development costs (up 41%) and sales and marketing costs (up 31%) as it invested in new technologies and services.
- DoorDash reported its fourth-quarter results on February 18, 2026.
- The company expects adjusted pretax earnings between $675 million and $775 million in the first quarter of 2026.
The players
DoorDash
A San Francisco-based food delivery company that has seen strong growth in recent years, driven by the expansion of its delivery services and subscription programs.
Tony Xu
The CEO and co-founder of DoorDash, who discussed the company's plans to build a single tech platform that will bring together its international businesses.
What they’re saying
“This is a massive and expensive undertaking and honestly one you shouldn't do if you thought your best days were behind you.”
— Tony Xu, CEO and Co-founder (wnyt.com)
What’s next
DoorDash's stock price will likely be closely watched by investors in the coming quarters as the company navigates the balance between investing in new technologies and maintaining profitability.
The takeaway
DoorDash's strong quarterly growth underscores the continued demand for food delivery services, but the company's rising costs for new initiatives like autonomous and drone delivery could put pressure on its profitability in the near term as it works to build a unified tech platform across its international businesses.
