DoorDash (DASH) Stock Today — Nov. 5, 2025: Q3 beat on revenue and GOV, but 2026 spend plans trigger sharp after‑hours selloff

DoorDash’s DOT: The Little Robot That Could – Is Suburban Delivery About to Be Revolutionized?

5 November 2025

Key takeaways (Nov. 5, 2025)

Q3 2025 results: Revenue $3.45B (+27% y/y), Marketplace GOV $25.0B (+25% y/y), Adjusted EBITDA $754M, GAAP net income $244M. ^[1]
Outlook: Company guided Q4 GMV to $28.9–$29.5B; management also flagged “several hundred million dollars” more investment planned for 2026. ^[2]
Stock move:Closed around $238 today, then fell ~16% after hours as investors digested heavier 2026 spending and a profit miss. ^[3]

What happened to DASH today (Nov. 5, 2025)

DoorDash reported strong top‑line growth for Q3 2025 after the closing bell: revenue rose 27% y/y to ~$3.45B and Marketplace GOV reached $25.0B, while Adjusted EBITDA improved to $754M and GAAP net income was $244M. Management attributed margin improvement partly to advertising revenue and lower credits/refunds and Dasher costs as a share of GOV. ^[4]

At the same time, guidance and spending plans grabbed the market’s attention. The company projected Q4 GMV of $28.9–$29.5B, but also signaled it will step up investment “by several hundred million dollars” in 2026 for product, technology and platform initiatives—prompting concern about near‑term profitability. ^[5]

How the stock traded

During the regular session, DASH finished near $238 (today’s intraday range on Reuters: roughly $236.7–$244.1). Immediately after the report, shares slid 12–17% in extended trading, with multiple outlets citing the profit miss and 2026 spend plans as catalysts. ^[6]

Context: DoorDash shares have still logged a strong YTD gain (≈40%+) heading into today, amplifying sensitivity to any expense‑heavy outlook. ^[7]

By the numbers (Q3 2025)

Total Orders:776M (+21% y/y)
Marketplace GOV:$25.0B (+25% y/y)
Revenue:$3.446B (+27% y/y)
Net revenue margin:13.8% (from 13.5% a year ago)
Adjusted EBITDA:$754M (+41% y/y; 3.0% of GOV)
GAAP net income:$244M (vs. $162M a year ago)
Buyback authorization:$5B approved in Feb. 2025; no repurchases executed as of Nov. 4. ^[8]

Why investors sold after hours

Earnings miss vs. consensus: Several reports highlighted EPS of $0.55, below Street expectations (variously cited near the high‑$0.60s), despite the revenue beat—raising questions about operating leverage short‑term. ^[9]
Heavier 2026 investment: Management indicated notable incremental spend next year on global tech/platform build‑out and new initiatives, which can pressure near‑term margins even as it targets larger long‑term TAM. ^[10]
Integration math around Deliveroo: One account noted a smaller‑than‑previously‑expected 2026 adjusted‑EBITDA contribution from Deliveroo due to accounting effects—another factor pressuring after‑hours sentiment. ^[11]

Guidance and what to watch next

Q4 2025:GMV $28.9–$29.5B; investors will parse the mix between restaurant and new verticals (grocery/retail) and the contribution from ads. ^[12]
2026 investment cadence: Street will look for specific deployment areas (e.g., logistics, automation, fulfillment services) and payback periods as the company leans into platform development. ^[13]
Capital returns: Despite a $5B authorization, DoorDash had not repurchased shares through Nov. 4; any activation would be a new data point. ^[14]
Earnings call: Management scheduled its Q3 call for 5:00 p.m. ET today (Nov. 5)—commentary on spending ramps and Deliveroo integration should frame tomorrow’s trade. ^[15]

Today’s headlines (Nov. 5, 2025)

Press release: “DoorDash Releases Third Quarter 2025 Financial Results” (metrics and commentary). ^[16]
Reuters: “DoorDash forecasts upbeat quarter on robust delivery demand” (Q4 GMV outlook; order/GOV growth). ^[17]
Bloomberg: “DoorDash Posts Strong Growth, Signals More Investments in 2026” (~16% after‑hours drop). ^[18]
MarketWatch: “DoorDash expects bigger investments next year … sinking shares” (2026 spend, Deliveroo accounting contribution note). ^[19]
Investor’s Business Daily: “DoorDash Stock Sinks on Earnings Miss … Ramping Up Investments” (EPS miss; reaction). ^[20]

Bottom line for Nov. 5, 2025

DoorDash delivered another quarter of double‑digit growth and improving unit economics, but investors refocused on 2026 opex and a near‑term EPS miss. Expect tomorrow’s session to hinge on call color around spend timing, ad momentum, and integration synergies.

This article is for information only and is not investment advice. All figures and market moves are as of Nov. 5, 2025, based on sources cited above.

Is DoorDash Stock a Smart Investment? Here's What the Experts Say

Watch this video on YouTube.

References

1. www.businesswire.com, 2. www.reuters.com, 3. www.bloomberg.com, 4. www.businesswire.com, 5. www.reuters.com, 6. www.reuters.com, 7. www.bloomberg.com, 8. www.businesswire.com, 9. www.reuters.com, 10. www.investing.com, 11. www.marketwatch.com, 12. www.reuters.com, 13. www.investing.com, 14. www.businesswire.com, 15. www.nasdaq.com, 16. www.businesswire.com, 17. www.reuters.com, 18. www.bloomberg.com, 19. www.marketwatch.com, 20. www.investors.com

Tags:

Marcin Frąckiewicz Latest posts

CEO of TS2 Space and founder of TS2.tech. Expert in satellites, telecommunications, and emerging technologies, covering trends in space, AI, and connectivity.

View all

2 No-Brainer Tech Stocks to Buy Now: TSMC and CrowdStrike Harness AI Growth
November 6, 2025, 4:24 AM EST. Investors chasing long-term gains are eyeing leaders capitalizing on AI-driven demand. TSMC dominates the chip supply for smartphones and data centers, with cutting-edge process tech and 3-nm chips supporting durable growth as AI use cases multiply. Despite volatility, it trades near a moderate forward multiple, and analysts forecast solid earnings expansion over the next five years. The other pick, CrowdStrike, sits at the center of enterprise cybersecurity as AI raises attack sophistication; a strong product mix, expanding addressable market, and high renewal rates underpin durable expansion. Together, these names offer a thesis on owning core AI-enabled platforms in semiconductors and security, with potential upside as AI adoption accelerates.
Zepp Health Losses Deepen; Valuation Looks Discounted, Yet Profitability Path Unclear
November 6, 2025, 4:22 AM EST. Zepp Health (NYSE: ZEPP) continues to post losses, with annualized declines of 64.6% over five years and negative net profit margins. The stock trades at a price-to-sales of 2.5x, cheaper than the sector average 14.1x and slightly below the US electronics industry 2.6x, signaling a potential value opportunity. Yet sentiment remains cautious: earnings quality is lacking, and there is little evidence of a credible path to sustained profitability. Analysts project revenue growth around 12.5% annually over the next three years, but profits aren't expected to turn positive in that period. Higher R&D and marketing spend, plus competitive pressures and evolving data/privacy costs, could keep margins depressed. For value hunters, the discount is tempting, but the path to profitability remains uncertain.
One Stock Under $50 to Target This Week: CDRE Emerges as the Upside Pick Over ASO and BAX
November 6, 2025, 4:13 AM EST. StockStory flags three under-$50 stocks: ASO ($47.22), BAX ($17.89) and CDRE ($45.99). The standout is Cadre, with 13.4% revenue growth and 14.8% annual EPS growth, plus solid returns on capital, implying real upside. By contrast, ASO shows slow six-year revenue growth (4%), lagging same-store sales, and EPS declines, and trades around 7.7x forward P/E. BAX faces below-target constant-currency growth, 4.3% annual EPS decline over five years, and flat revenue, at about 8.2x forward P/E. The story argues the other two deserve caution, making CDRE the only under-$50 pick with notable upside.
DOGE Holds $0.16 Support as Institutional Flows Spark Breakout Watch
November 6, 2025, 4:10 AM EST. DOGE flirted with a 0.5% drop to $0.1657 as institutional flows rotated near the $0.16 support, following a 104% volume spike. The token defended its ascending channel, keeping the near-term bias neutral-to-bullish above $0.16. Large-cap holders accumulated near $0.1620 and trimmed near $0.1670, while the Tuesday breakout attempt on 774M volume indicated smart-money participation amid muted meme-coin sentiment. Open interest in DOGE futures edged higher on Binance and Bybit, suggesting hedging rather than broad risk-taking. Key levels: support at $0.1617-$0.1620, resistance around $0.1665-$0.1670. Traders are watching a breakout above $0.1670 for a move toward $0.17-$0.175, and any close below $0.1615 could threaten the structure.
Boxer Retail Limited (JSE:BOX) Uptrend Fueled by High ROE and Stable Earnings
November 6, 2025, 4:08 AM EST. Boxer Retail's stock has risen ~9.9% over three months as investors weigh its strong ROE against growth prospects. The company posted a trailing ROE of 57% (R1.4b net profit on R2.4b equity), well above the industry average of 24%, supporting a history of solid earnings. Over the past five years, Boxer has delivered about 12% net income growth, aligning with the 11% industry pace. However, the stock's payout ratio has been unusually high, with a three-year median at 317%, suggesting heavy shareholder distributions relative to earnings and prompting caution about future reinvestment. Analysts' consensus and valuation checks appear mixed, making the stock a watchful bet for the near term.