What it is
DoorDash Inc., filed with the Securities and Exchange Commission on 18 February 2026.
The annual report for the year ended 31 December 2025. Marketplace gross order value was 102,018 million dollars, up 27%, or 23% excluding Deliveroo, and the platform had more than 56 million monthly active users in December 2025.
The filing gives no grocery-specific order value, revenue or margin. The grocery economics of the platform cannot be assessed from public data, which is itself the finding.
What the commerce leader should take from it
- A delivery platform larger than most grocers now carries grocery orders it does not report separately. Nobody outside the company knows what a grocery delivery earns it.
- Fifty-six million monthly users is a shopper base a regional grocer cannot match; the platform owns the habit, and the grocer supplies the goods.
- Kroger’s November 2025 decision to expand third-party delivery, the resource on its 8-K, is what this platform looks like from the grocer’s side.
Where to start
Use with chapter 3. When the driver is a third party, the handover in finding 3.4 and the failed order in finding 4.1 happen outside the grocer’s systems; this filing is the reminder that the platform reports none of it.
Keep in mind
No grocery-specific disclosure of any kind. The whole-platform figures include restaurants and, from 2025, Deliveroo.
Where the report uses it
Read during the report design; not cited in a finding or a perspective yet.