DoorDash 8-K, filed Oct 29, 2026

Summary

DoorDash reported record Q3 2026 results—total orders up 28% to 993 million, Marketplace GOV up 36% to $33.9 billion, revenue up 34% to $4.6 billion, and GAAP net income up 91% to $466 million—and announced a definitive agreement to acquire Instacart (Maplebear Inc.) for $65.00 per share, or about $17 billion in equity value, payable mostly in cash with up to 25% in DoorDash stock. The Instacart board unanimously approved the deal, which is expected to close at the end of 2027 or in the first half of 2028, subject to regulatory and stockholder approvals.

Key points

• DoorDash Q3 2026 total orders rose 28% Y/Y to 993 million; Marketplace GOV rose 36% Y/Y to $33.9 billion; revenue rose 34% Y/Y to $4.6 billion; GAAP net income attributable to common stockholders rose 91% Y/Y to $466 million.
• DoorDash agreed to acquire Instacart for $65.00 per share, an equity value of approximately $17 billion, with Instacart stockholders able to elect cash, DoorDash common stock, or a mix, subject to a 25% cap on total stock consideration.
• The $65.00 per share price represents a 26% premium to Instacart's closing price on October 22, 2026, the last trading day before media reports about a possible transaction.
• The transaction is expected to close at the end of 2027 or in the first half of 2028, subject to Instacart stockholder approval, the Hart-Scott-Rodino waiting period, and other regulatory approvals; stockholders holding about 19% of Instacart shares agreed to vote in favor.

Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.