New York, February 10, 2026, 14:58 ET — Regular session
Shares of DoorDash (DASH.O) slipped roughly 0.3% to $185.73 on Tuesday afternoon, trading in a range from $184.17 up to $190.69 earlier in the session.
Investors are zeroed in on DoorDash’s next earnings, watching for any clues on demand, fee structures, and just how much cash it’s burning to keep sales climbing. The food-delivery player is set to post its fourth-quarter and full-year 2025 numbers after the U.S. close on Feb. 18, with a conference call on tap for 5 p.m. ET. 1
The mood has grown more cautious. U.S. retail sales flatlined in December, catching many off guard, and focus has shifted to a backlog of jobs and inflation numbers set to land later this week, according to Reuters. “Maybe the economy wasn’t as strong as people expected” in the fourth quarter, said Charlie Ripley, vice president of portfolio management at Allianz Investment Management. 2
DoorDash operates a marketplace connecting local merchants with consumers, while also providing software tools and delivery solutions for restaurants and retailers. The company’s portfolio includes advertising, as well as white-label fulfillment options such as DoorDash Drive and Wolt Drive, letting merchants offer branded delivery services. Details are from Reuters company data. 3
DoorDash’s stock hasn’t reacted kindly to big spending talks. Back in early November, when the company said it would pour “hundreds of millions” into its 2026 growth push, shares tumbled as investors balked at the cost. Michael Ashley Schulman, partner and chief investment officer at Running Point Capital Advisors, didn’t see it as a catastrophe, calling the selloff more of a “kitchen reshuffle than a kitchen fire.” 4
This round, investors are zeroing in. Top-line growth alone won’t cut it. They’ll be looking for solid order trends—and watching to see if the company can keep margins intact as it moves further into groceries and local commerce.
A pullback in consumer spending can hit fast when your business depends on non-essential purchases. Regulation is looming, too. Last month, U.S. judges in New York tossed out attempts from DoorDash, Uber and Instacart to stop new city tipping rules. The companies say they’ll appeal. 5
Delivery names are moving more in sync with the data tape now—sentiment can swing quickly, depending on how traders read the timing of Federal Reserve rate cuts or signs of a slowdown in household spending.
There’s not much margin for error here. If demand disappoints or expenses creep up, highly valued stocks can take a hit. But when the quarter goes smoothly, debate quickly swings back to scale and advertising.
Investors now eye DoorDash’s upcoming earnings call, set for Feb. 18 at 5:00 p.m. ET, right after markets shut. 6
