Why DoorDash Stock Is Down 17% Today

DoorDash (DASH) shares fell Thursday after the food delivery company missed earnings estimates and gave a weak outlook.

The stock fell 17.5% to close near $197, making it the worst-performing stock in the S&P 500 on Thursday. He reads Investopedia Complete coverage of the daily markets here.

The company reported third-quarter earnings per share of $0.55, well below what analysts surveyed by Visible Alpha were looking for. Revenue grew 27% year over year to $3.45 billion, beating expectations.

The food delivery giant said orders rose 21% to 766 million, and total market order value rose 25% to $25 billion. However, costs and expenses jumped 23% to $3.19 billion as the company’s investments in expanding its reach alongside new products and initiatives such as delivery robots grew.

DoorDash also said it expects to spend “several hundred million dollars more” in 2026 than in 2025, adding, “We wish there was a way to grow a child into an adult without investment, or to see a child grow into an adult overnight, but we don’t believe that’s how life or business works.”

DoorDash said it expects current quarter adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) to be between $710 million and $810 million, which is below the analyst consensus.

Analysts at Deutsche Bank and Oppenheimer, who reiterated their “buy” or equivalent ratings on the stock after the results, expressed confidence that it still has room to rise, although they trimmed their targets to $298 and $280, respectively, given the significant rise in costs.

Even with Thursday’s decline, DoorDash shares added nearly a fifth of their value in 2025.

This article has been updated since it was first published to reflect the most recent stock prices.