Lyft, Inc. LYFT
Lyft, Inc. (the "Company" or "Lyft") operates as a global mobility platform offering a mix of rideshare, taxis, private hire vehicles, executive chauffeur services, car sharing, bikes and scooters. Our established, scaled network of users is brought together by our robust technology platform (the "Lyft Platform") that powers rides and connections every day. Our Lyft mobile application ("Lyft App") connect riders with drivers for on-demand ride services and supports a variety of other multimodal solutions.
Substantially all of our revenue is generated from our ridesharing marketplace that connects drivers and riders. We collect service fees and commissions from drivers for their use of our ridesharing marketplace. We also generate revenue from licensing and data access agreements, the sale of bikes and bike station software and hardware, advertising services, riders renting through our network of shared bikes and scooters, drivers renting vehicles through Express Drive and by making our ridesharing marketplace available to organizations through our Lyft Business offerings.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.90B | $5.37B | $4.12B | $3.81B | $2.96B | $2.21B | $3.47B | $2.11B | $1.06B | — |
| Cost of revenue | $3.70B | $3.34B | $2.54B | $2.44B | $1.70B | $1.45B | $2.18B | $1.24B | $659.5M | — |
| Gross profit | $2.20B | $2.03B | $1.57B | $1.38B | $1.26B | $761.1M | $1.29B | $862.6M | $400.3M | — |
| R&D | $451.4M | $397.1M | $555.9M | $856.8M | $911.9M | $909.1M | $1.51B | $300.8M | $136.6M | — |
| SG&A | $1.00B | $937.3M | $871.1M | $1.29B | $915.6M | $946.1M | $1.19B | $447.9M | $221.4M | — |
| Total operating expenses | $6.50B | $5.90B | $4.88B | $5.55B | $4.34B | $4.17B | $6.32B | $3.13B | $1.77B | — |
| Operating income | -$188.4M | -$118.9M | -$475.6M | -$1.46B | -$1.14B | -$1.81B | -$2.70B | -$977.7M | -$708.3M | — |
| Interest expense | $20.8M | $28.9M | $26.2M | $19.7M | $51.6M | $32.7M | $0 | $0 | $20.2M | — |
| Pre-tax income | -$53.2M | $25.4M | -$331.7M | -$1.58B | -$1.05B | -$1.80B | -$2.60B | -$910.6M | -$687.7M | — |
| Income tax | $2.90B | $2.6M | $8.6M | $5.9M | $11.2M | $44.5M | $2.4M | $738.0K | $556.0K | — |
| Net income | $2.84B | $22.8M | -$340.3M | -$1.58B | -$1.06B | -$1.75B | -$2.60B | -$911.3M | -$688.3M | — |
| EPS, basic | 6.92 | 0.06 | -0.88 | -4.47 | -3.17 | -5.61 | -11.44 | — | — | — |
| EPS, diluted | 6.81 | 0.06 | -0.88 | -4.47 | -3.17 | -5.61 | -11.44 | -43.04 | -35.53 | — |
| Shares, diluted (wtd. avg.) | $417.7M | $413.7M | $385.3M | $354.7M | $334.7M | $312.2M | $227.5M | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $1.13B | $759.3M | $558.6M | $391.8M | $531.2M | $438.5M | $564.5M | $706.5M | $1.18B | $514.9M |
| Short-term investments | $705.2M | $1.23B | $1.13B | $1.52B | $1.80B | $1.93B | $2.49B | $1.52B | — | — |
| Total current assets | $2.92B | $2.95B | $2.58B | $2.58B | $2.78B | $2.59B | $3.25B | $2.32B | — | — |
| Property, plant and equipment | — | — | — | — | — | — | $188.6M | $109.3M | — | — |
| Goodwill | $439.8M | $251.4M | $257.8M | $261.6M | $180.5M | $182.7M | $158.7M | $152.1M | $0 | — |
| Other intangibles | $178.9M | $42.8M | $59.5M | $76.2M | $50.8M | $65.8M | $82.9M | $117.7M | — | — |
| Total assets | $9.03B | $5.44B | $4.56B | $4.56B | $4.77B | $4.68B | $5.69B | $3.76B | — | — |
| Accounts payable | $120.5M | $97.7M | $72.3M | $107.8M | $129.5M | $84.1M | $38.8M | $32.3M | — | — |
| Short-term debt | $50.6M | $38.9M | $25.8M | $36.3M | $56.3M | $35.8M | $0 | — | — | — |
| Total current liabilities | $4.53B | $3.88B | $2.96B | $3.13B | $2.52B | $2.07B | $2.45B | $1.45B | — | — |
| Long-term debt | $1.00B | $566.0M | $839.4M | $803.2M | $655.2M | $644.2M | $0 | — | — | — |
| Total liabilities | $5.76B | $4.67B | $4.02B | $4.17B | $3.43B | $3.00B | $2.84B | $1.48B | — | — |
| Retained earnings | -$7.41B | -$10.26B | -$10.28B | -$9.94B | -$8.36B | -$7.30B | -$5.55B | -$2.95B | — | — |
| Total equity | $3.27B | $767.0M | $541.5M | $388.7M | $1.34B | $1.68B | $2.85B | -$2.87B | -$1.98B | -$1.30B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.17B | $849.7M | -$98.2M | -$237.3M | -$101.7M | -$1.38B | -$105.7M | -$280.7M | -$393.5M | — |
| Depreciation and amortisation | $135.2M | $148.9M | $116.5M | $154.8M | $139.3M | $157.4M | $108.4M | $18.8M | $2.6M | — |
| Stock-based compensation | $322.3M | $330.9M | $484.5M | $750.8M | $724.6M | $565.8M | $1.60B | $857.2M | $9.5M | — |
| Investing cash flow | $406.7M | -$518.0M | $599.8M | $186.0M | $267.0M | $740.4M | -$1.61B | -$1.04B | -$991.4M | — |
| Financing cash flow | -$685.5M | -$155.9M | -$122.1M | -$87.5M | -$72.5M | $512.6M | $1.57B | $852.2M | $2.05B | — |
| Buybacks | $500.0M | $50.0M | $0 | $0 | — | — | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-024680.
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