Business Earnings report

DoorDash Q4 Earnings Miss Forecasts

Analysis based on 10 articles · First reported Feb 18, 2026 · Last updated Feb 18, 2026

Sentiment

-10

Attention

Articles

Market Impact

Direct

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Market Impact

DoorDash's Q4 earnings report, which missed revenue and profit forecasts, led to a decline in its stock price in after-hours trading. Investors are concerned about the high costs associated with new projects like autonomous delivery and the integration of a new tech platform, despite growth in total orders and active users.

Food delivery Technology

Event Summary

DoorDash reported its fourth-quarter earnings, with revenue increasing 38% to $3.96 billion, slightly below analyst expectations of $3.99 billion. Net income rose 51% to $213 million, or 49 cents per share, also missing the anticipated 59 cents per share. Total orders grew 32% to 903 million, surpassing forecasts, and active users exceeded 56 million. However, the company's stock fell in after-hours trading due to significant spending on research and development (up 41%) and sales and marketing (up 31%), driven by investments in autonomous delivery robots, drone delivery, and the development of a single tech platform to integrate its international businesses, including DoorDash===Wolt and Deliveroo. DoorDash CEO Tony Xu acknowledged these as 'massive and expensive undertaking' and the company's Q1 adjusted pretax earnings forecast of $675 million to $775 million was lower than Wall Street's expectation of $800.6 million.

Key Actions

90 DoorDash reported Q4 earnings

40 DoorDash acquired DoorDash===Wolt DoorDash===Wolt

40 DoorDash acquired Deliveroo Deliveroo

20 DoorDash expanded delivery partnership Kroger

Entities Involved

stock

DoorDash

DoorDash reported Q4 revenue of $3.96 billion, missing analyst forecasts, and its net income of $213 million was also below expectations. The company's stock fell in after-hours trading due to concerns over costly investments in new projects and a lower-than-expected Q1 earnings forecast. However, total orders and active users increased, and the company is undertaking a major tech platform integration.

Importance 100 Sentiment -20

per

Tony Xu

Tony Xu, CEO of DoorDash, highlighted the company's strategic investments in a new tech platform and autonomous delivery, acknowledging the significant costs involved but emphasizing their long-term benefits for DoorDash's international businesses.

Importance 70 Sentiment -10

subs

DoorDash===Wolt

DoorDash===Wolt, a Finnish delivery service acquired by DoorDash in 2022, is part of DoorDash's international businesses that will be integrated into a single tech platform.

Importance 30 Sentiment 0

stock

Deliveroo

Deliveroo, a U.K. rival acquired by DoorDash last year, is also being integrated into DoorDash's new unified tech platform to streamline international operations.

Importance 30 Sentiment 0

stock

Kroger

Kroger expanded its delivery partnership with DoorDash last fall, indicating DoorDash's growth in the grocery delivery sector.

Importance 10 Sentiment 0

stock

FactSet

FactSet provided analyst forecasts for DoorDash's revenue, orders, and earnings, which were used to compare against DoorDash's actual reported figures.

Importance 5 Sentiment 0

Relationships

Tony Xu related ↔ DoorDash

DoorDash===Wolt related ↔ DoorDash

Deliveroo related ↔ DoorDash

Kroger related ↔ DoorDash

NEWSDESK

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