Lyft (LYFT) Financials

$12.97 -0.08 (-0.61%)

Closing price 05/15/2026 04:00 PM Eastern

Extended Trading

$12.94 -0.03 (-0.23%)

As of 05/15/2026 07:59 PM Eastern

Annual Income Statements for Lyft

This table shows Lyft's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-688	-911	-2,602	-1,753	-1,062	-1,585	-340	23	2,844
Consolidated Net Income / (Loss)	-688	-911	-2,602	-1,753	-1,062	-1,585	-340	23	2,844
Net Income / (Loss) Continuing Operations	-688	-911	-2,602	-1,753	-1,062	-1,585	-340	23	2,844
Total Pre-Tax Income	-688	-911	-2,600	-1,797	-1,051	-1,579	-332	25	-53
Total Operating Income	-708	-978	-2,702	-1,808	-1,135	-1,459	-476	-119	-188
Total Gross Profit	400	913	1,439	917	1,506	1,659	1,860	2,448	2,619
Total Revenue	1,060	2,157	3,616	2,365	3,208	4,095	4,404	5,786	6,316
Operating Revenue	1,060	2,157	3,616	2,365	3,208	4,095	4,404	5,786	6,316
Total Cost of Revenue	660	1,243	2,176	1,448	1,702	2,436	2,544	3,338	3,698
Operating Cost of Revenue	660	1,243	2,176	1,448	1,702	2,436	2,544	3,338	3,698
Total Operating Expenses	1,109	1,891	4,142	2,726	2,641	3,118	2,335	2,567	2,807
Selling, General & Admin Expense	221	448	1,186	946	916	1,286	871	937	1,002
Marketing Expense	567	804	814	416	411	532	481	789	875
Research & Development Expense	137	301	1,506	909	912	857	556	397	451
Other Operating Expenses / (Income)	184	338	636	454	402	444	427	444	478
Total Other Income / (Expense), net	21	67	103	11	84	-120	144	144	135
Interest Expense	-20	0.00	0.00	33	52	20	26	29	21
Other Income / (Expense), net	0.28	67	103	44	136	-100	170	173	156
Income Tax Expense	0.56	0.74	2.36	-45	11	5.87	8.62	2.57	-2,897
Basic Earnings per Share	($35.53)	($43.04)	($11.44)	($5.61)	($3.17)	($4.47)	($0.88)	$0.06	$6.92
Weighted Average Basic Shares Outstanding	19.37M	21.18M	227.50M	312.18M	334.72M	354.73M	385.34M	409.18M	410.84M
Diluted Earnings per Share	($35.53)	($43.04)	($11.44)	($5.61)	($3.17)	($4.47)	($0.88)	$0.06	$6.81
Weighted Average Diluted Shares Outstanding	19.37M	21.18M	227.50M	312.18M	334.72M	354.73M	385.34M	413.65M	417.66M
Weighted Average Basic & Diluted Shares Outstanding	19.37M	21.18M	227.50M	312.18M	348.56M	378.08M	399.81M	418.01M	398.11M

This table shows Lyft's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	-12	-26	-32	5.01	-12	62	2.57	40	46	2,755	14
Consolidated Net Income / (Loss)	-12	-26	-32	5.01	-12	62	2.57	40	46	2,755	14
Net Income / (Loss) Continuing Operations	-12	-26	-32	5.01	-12	62	2.57	40	46	2,755	14
Total Pre-Tax Income	-12	-23	-29	6.87	-13	61	5.92	44	44	-148	20
Total Operating Income	-40	-60	-63	-27	-57	28	-29	2.43	23	-185	-5.33
Total Gross Profit	513	481	522	616	634	676	587	652	758	621	786
Total Revenue	1,158	1,225	1,277	1,436	1,523	1,550	1,450	1,588	1,685	1,593	1,650
Operating Revenue	1,158	1,225	1,277	1,436	1,523	1,550	1,450	1,588	1,685	1,593	1,650
Total Cost of Revenue	645	744	755	820	888	875	863	936	927	972	864
Operating Cost of Revenue	645	744	755	820	888	875	863	936	927	972	864
Total Operating Expenses	553	541	585	644	691	648	616	650	735	806	792
Selling, General & Admin Expense	195	218	236	253	253	195	215	232	251	304	270
Marketing Expense	130	126	145	176	216	251	182	191	243	259	273
Research & Development Expense	109	95	100	99	104	94	112	109	110	120	124
Other Operating Expenses / (Income)	119	102	103	116	117	108	106	117	131	123	124
Total Other Income / (Expense), net	28	37	34	34	44	33	35	42	21	37	25
Interest Expense	6.21	8.43	7.05	7.85	7.36	6.66	6.15	5.03	4.74	4.83	5.23
Other Income / (Expense), net	34	45	41	42	51	39	41	47	26	42	30
Income Tax Expense	0.11	3.16	2.59	1.85	-0.68	-1.20	3.35	4.07	-1.96	-2,903	5.52
Basic Earnings per Share	($0.03)	($0.05)	($0.08)	$0.01	($0.03)	$0.16	$0.01	$0.10	$0.11	$6.70	$0.04
Weighted Average Basic Shares Outstanding	389.31M	385.34M	401.55M	406.51M	412.23M	409.18M	419.05M	417.24M	405.68M	410.84M	395.07M
Diluted Earnings per Share	($0.03)	($0.05)	($0.08)	$0.01	($0.03)	$0.16	$0.01	$0.10	$0.11	$6.59	$0.04
Weighted Average Diluted Shares Outstanding	389.31M	385.34M	401.55M	411.97M	412.23M	413.65M	424.02M	422.95M	412.67M	417.66M	402.49M
Weighted Average Basic & Diluted Shares Outstanding	392.99M	399.81M	403.48M	410.16M	414.82M	418.01M	420.64M	406.44M	399.35M	398.11M	379.68M

This table details how cash moves in and out of Lyft's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	664	-472	-142	-126	93	-139	380	174	891
Net Cash From Operating Activities	-394	-281	-106	-1,379	-102	-237	-98	850	1,168
Net Cash From Continuing Operating Activities	-394	-281	-106	-1,379	-102	-237	-98	850	1,168
Net Income / (Loss) Continuing Operations	-688	-911	-2,602	-1,753	-1,062	-1,585	-340	23	2,844
Consolidated Net Income / (Loss)	-688	-911	-2,602	-1,753	-1,062	-1,585	-340	23	2,844
Depreciation Expense	2.61	19	108	157	139	155	117	149	135
Amortization Expense	-4.59	-23	-39	13	38	-17	-65	-85	-65
Non-Cash Adjustments To Reconcile Net Income	9.55	9.57	1,532	532	566	806	454	264	287
Changes in Operating Assets and Liabilities, net	287	625	895	-329	217	404	-263	499	-2,033
Net Cash From Investing Activities	-991	-1,044	-1,611	740	267	186	600	-518	407
Net Cash From Continuing Investing Activities	-991	-1,044	-1,611	740	267	186	600	-518	407
Purchase of Property, Plant & Equipment	-7.54	-69	-178	-94	-79	-115	-150	-83	-53
Acquisitions	-4.49	-260	-12	-12	0.00	-146	1.63	0.00	-307
Purchase of Investments	-2,559	-5,454	-6,449	-4,123	-3,807	-4,050	-3,289	-4,177	-3,345
Sale of Property, Plant & Equipment	-	0.00	7.13	31	43	130	93	92	53
Sale and/or Maturity of Investments	1,580	4,739	5,164	6,049	4,448	4,381	3,942	3,654	4,060
Other Investing Activities, net	0.00	-	-143	-1,110	-460	-14	1.96	-3.09	-1.33
Net Cash From Financing Activities	2,049	852	1,574	513	-72	-88	-122	-156	-686
Net Cash From Continuing Financing Activities	2,049	852	1,574	513	-72	-88	-122	-156	-686
Repayment of Debt	-	-0.41	0.00	-53	-44	-68	-72	-446	-466
Repurchase of Common Equity	0.00	-	-	-	-	0.00	0.00	-50	-500
Issuance of Debt	-	0.00	0.00	734	-	0.00	0.00	460	500
Other Financing Activities, net	3.67	9.99	-910	-169	-28	-20	-50	-120	-220
Effect of Exchange Rate Changes	-	-	0.33	-0.07	-0.11	-0.63	0.53	-1.64	1.68
Cash Interest Paid	-	0.00	0.00	13	17	17	20	28	20
Cash Income Taxes Paid	-	0.33	0.82	4.04	5.87	11	9.43	11	7.26

This table details how cash moves in and out of Lyft's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	-155	-79	-118	166	222	-96	301	128	299	163	-9.99
Net Cash From Operating Activities	2.26	44	156	276	264	153	287	344	291	246	308
Net Cash From Continuing Operating Activities	2.26	44	156	276	264	153	287	344	291	246	308
Net Income / (Loss) Continuing Operations	-12	-26	-32	5.01	-12	62	2.57	40	46	2,755	14
Consolidated Net Income / (Loss)	-12	-26	-32	5.01	-12	62	2.57	40	46	2,755	14
Depreciation Expense	30	31	32	38	45	34	34	31	34	37	37
Amortization Expense	-17	-21	-20	-21	-22	-22	-21	-15	-16	-14	-12
Non-Cash Adjustments To Reconcile Net Income	102	83	65	73	85	41	85	71	61	71	82
Changes in Operating Assets and Liabilities, net	-99	-24	110	182	168	40	187	217	166	-2,604	186
Net Cash From Investing Activities	-134	-107	-242	-75	-6.72	-194	66	431	-180	90	51
Net Cash From Continuing Investing Activities	-134	-107	-242	-75	-6.72	-194	66	431	-180	90	51
Purchase of Property, Plant & Equipment	-32	-29	-29	-20	-21	-13	-6.50	-14	-13	-19	-20
Purchase of Investments	-1,162	-934	-1,124	-978	-874	-1,201	-1,029	-565	-938	-812	-960
Sale of Property, Plant & Equipment	30	14	24	23	21	24	14	18	12	9.76	17
Sale and/or Maturity of Investments	1,030	840	889	899	868	998	1,087	993	964	1,016	1,015
Other Investing Activities, net	-	1.96	-2.19	1.11	-	-2.00	0.00	-	-1.33	-	0.24
Net Cash From Financing Activities	-23	-16	-31	-36	-35	-54	-52	-648	188	-174	-367
Net Cash From Continuing Financing Activities	-23	-16	-31	-36	-35	-54	-52	-648	188	-174	-367
Repayment of Debt	-12	-12	-382	-20	-21	-22	-16	-408	-26	-16	-20
Repurchase of Common Equity	-	-	-50	-	-	-	0.00	-200	-200	-100	-300
Other Financing Activities, net	-11	-4.05	-59	-15	-15	-31	-35	-40	-86	-59	-46
Effect of Exchange Rate Changes	-0.41	0.60	-0.53	0.03	0.43	-1.57	-0.35	1.47	-0.24	0.80	-1.88

This table presents Lyft's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	3,760	5,691	4,679	4,774	4,556	4,564	5,435	9,030
Total Current Assets	2,320	3,247	2,594	2,776	2,583	2,577	2,951	2,920
Cash & Equivalents	518	358	320	457	281	559	759	1,132
Short-Term Investments	1,520	2,492	1,931	1,797	1,516	1,127	1,225	705
Prepaid Expenses	283	397	343	522	786	892	966	1,082
Plant, Property, & Equipment, net	109	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Noncurrent Assets	1,330	2,444	2,085	1,998	1,974	1,987	2,485	6,111
Long-Term Investments	864	1,361	1,112	1,125	1,054	877	1,398	1,231
Goodwill	152	159	183	181	262	258	251	440
Intangible Assets	118	83	66	51	76	60	43	179
Noncurrent Deferred & Refundable Income Taxes	-	-	-	-	-	-	0.44	2,906
Other Noncurrent Operating Assets	9.44	636	606	568	473	581	605	650
Other Noncurrent Nonoperating Assets	187	205	119	73	109	212	187	705
Total Liabilities & Shareholders' Equity	3,760	5,691	4,679	4,774	4,556	4,564	5,435	9,030
Total Liabilities	1,479	2,837	3,003	3,433	4,168	4,023	4,668	5,757
Total Current Liabilities	1,449	2,451	2,074	2,516	3,133	2,962	3,881	4,526
Accounts Payable	32	39	84	130	108	72	98	120
Accrued Expenses	606	940	1,941	2,333	2,979	2,847	3,368	4,377
Other Current Liabilities	810	1,473	49	54	46	43	25	28
Total Noncurrent Liabilities	30	386	928	916	1,035	1,061	787	1,231
Long-Term Debt	-	0.00	644	655	803	839	566	1,002
Other Noncurrent Operating Liabilities	30	386	284	261	232	222	221	228
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-2,871	2,854	1,676	1,341	389	542	767	3,274
Total Preferred & Common Equity	-2,871	2,854	1,676	1,341	389	542	767	3,274
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	-2,871	2,854	1,676	1,341	389	542	767	3,274
Common Stock	74	8,399	8,977	9,706	10,335	10,827	11,035	10,687
Retained Earnings	-2,945	-5,548	-7,300	-8,363	-9,941	-10,281	-10,258	-7,414
Accumulated Other Comprehensive Income / (Loss)	0.13	2.73	-0.47	-2.51	-5.75	-4.95	-10	0.63

This table presents Lyft's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	4,600	4,529	4,446	4,478	4,762	4,997	5,263	5,668	5,369	5,943	8,890
Total Current Assets	2,473	2,548	2,479	2,500	2,549	2,680	2,867	3,124	2,758	2,995	2,723
Cash & Equivalents	144	510	638	591	508	604	770	985	914	1,306	1,035
Short-Term Investments	1,640	1,245	1,060	1,076	1,158	1,196	1,157	1,169	878	687	686
Prepaid Expenses	689	793	781	834	883	880	940	970	965	1,003	1,002
Plant, Property, & Equipment, net	0.00	424	0.00	0.00	544	0.00	0.00	415	0.00	0.00	439
Total Noncurrent Assets	2,127	1,558	1,967	1,978	1,669	2,317	2,396	2,129	2,612	2,948	5,729
Long-Term Investments	1,031	862	672	806	1,102	1,165	1,240	1,417	1,297	1,483	1,206
Goodwill	262	262	261	256	256	255	256	251	256	390	435
Intangible Assets	81	72	68	62	56	51	48	39	38	135	166
Noncurrent Deferred & Refundable Income Taxes	-	-	-	-	-	-	-	-	-	-	2,901
Other Noncurrent Operating Assets	587	133	600	595	111	632	581	160	560	572	228
Other Noncurrent Nonoperating Assets	167	228	366	259	145	214	270	261	461	368	793
Total Liabilities & Shareholders' Equity	4,600	4,529	4,446	4,478	4,762	4,997	5,263	5,668	5,369	5,943	8,890
Total Liabilities	3,835	4,147	4,059	4,010	4,271	4,419	4,607	4,830	4,637	5,370	5,864
Total Current Liabilities	2,785	3,135	3,020	2,949	3,119	3,641	3,849	4,073	3,917	4,136	4,666
Accounts Payable	90	103	62	57	104	116	109	99	104	107	115
Accrued Expenses	2,648	2,990	2,916	2,850	2,971	3,092	3,308	3,559	3,788	4,001	4,523
Other Current Liabilities	46	42	42	42	43	43	42	25	24	27	28
Total Noncurrent Liabilities	1,050	1,012	1,039	1,061	1,152	779	759	757	720	1,234	1,198
Long-Term Debt	815	793	808	834	942	578	574	550	527	1,010	987
Other Noncurrent Operating Liabilities	235	219	231	227	210	200	184	207	193	224	212
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	766	382	387	468	491	578	656	838	733	573	3,026
Total Preferred & Common Equity	766	382	387	468	491	578	656	838	733	573	3,026
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	766	382	387	468	491	578	656	838	733	573	3,026
Common Stock	10,127	10,515	10,633	10,732	10,810	10,893	10,979	11,104	10,955	10,744	10,436
Retained Earnings	-9,352	-10,128	-10,243	-10,255	-10,312	-10,307	-10,320	-10,256	-10,215	-10,169	-7,400
Accumulated Other Comprehensive Income / (Loss)	-9.50	-4.29	-3.82	-9.29	-6.27	-7.77	-3.33	-10	-7.02	-1.42	-10

This table displays calculated financial ratios and metrics derived from Lyft's official financial filings.

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	103.48%	67.67%	-34.60%	35.68%	27.64%	7.53%	31.39%	9.16%
EBITDA Growth	0.00%	-28.88%	-176.53%	37.00%	48.44%	-72.99%	82.13%	146.34%	-68.19%
EBIT Growth	0.00%	-28.62%	-185.51%	32.12%	43.37%	-56.00%	80.40%	117.77%	-159.87%
NOPAT Growth	0.00%	-38.04%	-176.41%	33.08%	37.22%	-28.51%	67.40%	67.90%	-23.38%
Net Income Growth	0.00%	-32.40%	-185.54%	32.64%	39.41%	-49.18%	78.52%	106.69%	12,382.48%
EPS Growth	0.00%	-21.14%	73.42%	50.96%	43.49%	-41.01%	80.31%	106.82%	11,250.00%
Operating Cash Flow Growth	0.00%	28.68%	62.34%	-1,204.52%	92.62%	-133.27%	58.60%	964.93%	37.51%
Free Cash Flow Firm Growth	0.00%	0.00%	-1,019.17%	-46.50%	70.03%	-41.90%	0.16%	148.86%	-803.61%
Invested Capital Growth	0.00%	0.00%	-93.28%	25.68%	-25.41%	-21.45%	21.20%	-32.49%	124.68%
Revenue Q/Q Growth	0.00%	0.00%	10.63%	-15.90%	14.25%	5.27%	1.14%	5.96%	0.68%
EBITDA Q/Q Growth	0.00%	0.00%	-5.16%	-5.32%	17.74%	-27.72%	67.57%	239.31%	-84.08%
EBIT Q/Q Growth	0.00%	0.00%	-5.49%	-6.66%	15.30%	-25.07%	64.94%	296.35%	-118.30%
NOPAT Q/Q Growth	0.00%	0.00%	-4.32%	-4.12%	13.67%	-28.37%	52.98%	26.25%	-651.52%
Net Income Q/Q Growth	0.00%	0.00%	-4.29%	-6.19%	14.14%	-23.83%	62.28%	134.91%	1,787.37%
EPS Q/Q Growth	0.00%	0.00%	82.02%	-115.28%	16.58%	-23.14%	64.37%	140.00%	1,692.11%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	45.12%	-18.82%	70.09%	-3.19%	43.96%	14.85%	8.63%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	-6.40%	27.78%	8.60%	-4.15%	42.61%	-620.69%
Invested Capital Q/Q Growth	0.00%	0.00%	-3.88%	-0.71%	-5.39%	-26.18%	2.55%	-1.59%	120.15%
Profitability Metrics	-	-	-	-	-	-	-	-	-
Gross Margin	37.77%	42.34%	39.81%	38.79%	46.94%	40.52%	42.23%	42.31%	41.46%
EBITDA Margin	-66.99%	-42.43%	-69.97%	-67.41%	-25.61%	-34.71%	-5.77%	2.04%	0.59%
Operating Margin	-66.83%	-45.34%	-74.74%	-76.47%	-35.38%	-35.63%	-10.80%	-2.06%	-2.98%
EBIT Margin	-66.80%	-42.22%	-71.90%	-74.63%	-31.15%	-38.07%	-6.94%	0.94%	-0.51%
Profit (Net Income) Margin	-64.94%	-42.26%	-71.97%	-74.13%	-33.11%	-38.69%	-7.73%	0.39%	45.03%
Tax Burden Percent	100.08%	100.08%	100.09%	97.52%	101.07%	100.37%	102.60%	89.88%	-5,341.16%
Interest Burden Percent	97.14%	100.00%	100.00%	101.85%	105.17%	101.27%	108.58%	46.71%	163.88%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	10.12%	0.00%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Equity (ROE)	0.00%	-39.96%	-101.36%	-77.38%	-70.40%	-183.19%	-73.17%	3.48%	140.77%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-534.15%
Operating Return on Assets (OROA)	0.00%	-24.22%	-55.02%	-34.03%	-21.14%	-33.42%	-6.70%	1.09%	-0.45%
Return on Assets (ROA)	0.00%	-24.24%	-55.07%	-33.81%	-22.47%	-33.96%	-7.46%	0.46%	39.32%
Return on Common Equity (ROCE)	0.00%	50.30%	0.34%	-77.38%	-70.40%	-183.19%	-73.17%	3.48%	140.77%
Return on Equity Simple (ROE_SIMPLE)	0.00%	31.74%	-91.18%	-104.58%	-79.19%	-407.68%	-62.85%	2.97%	0.00%
Net Operating Profit after Tax (NOPAT)	-496	-684	-1,892	-1,266	-795	-1,021	-333	-107	-132
NOPAT Margin	-46.78%	-31.73%	-52.32%	-53.53%	-24.77%	-24.94%	-7.56%	-1.85%	-2.09%
Net Nonoperating Expense Percent (NNEP)	0.00%	-14.69%	-18.93%	-13.43%	-9.50%	-22.74%	-0.36%	5.70%	109.59%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-85.68%	-24.11%	-6.20%	-3.08%
Cost of Revenue to Revenue	62.23%	57.66%	60.19%	61.21%	53.06%	59.48%	57.77%	57.69%	58.54%
SG&A Expenses to Revenue	20.89%	20.77%	32.80%	40.01%	28.54%	31.41%	19.78%	16.20%	15.87%
R&D to Revenue	12.89%	13.95%	41.64%	38.45%	28.42%	20.92%	12.62%	6.86%	7.15%
Operating Expenses to Revenue	104.60%	87.68%	114.55%	115.26%	82.32%	76.15%	53.03%	44.37%	44.44%
Earnings before Interest and Taxes (EBIT)	-708	-911	-2,600	-1,765	-999	-1,559	-305	54	-32
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-710	-915	-2,530	-1,594	-822	-1,422	-254	118	37
Valuation Ratios	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	4.49	9.31	10.86	10.23	10.88	6.98	2.36
Price to Tangible Book Value (P/TBV)	0.00	0.00	4.90	10.93	13.12	78.18	26.27	11.32	2.91
Price to Revenue (P/Rev)	2.21	1.09	3.54	6.60	4.54	0.97	1.34	0.92	1.22
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	234.86	2.72
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.43%	36.77%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	12.34
Enterprise Value to Revenue (EV/Rev)	0.00	2.13	2.38	5.45	3.69	0.47	0.95	0.51	0.89
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	24.84	150.10
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	53.89	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	3.44	4.81
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	37.08	0.00	0.00	0.00	0.00	0.00	8.46	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.38	0.49	2.07	1.55	1.25	0.31
Long-Term Debt to Equity	0.00	0.00	0.00	0.38	0.49	2.07	1.55	0.74	0.31
Financial Leverage	0.00	-1.35	-1.46	-1.60	-1.87	-2.86	-4.40	-3.48	-1.34
Leverage Ratio	0.00	1.65	1.84	2.29	3.13	5.39	9.81	7.64	3.58
Compound Leverage Factor	0.00	1.65	1.84	2.33	3.29	5.46	10.65	3.57	5.87
Debt to Total Capital	0.00%	0.00%	0.00%	27.76%	32.82%	67.39%	60.78%	55.49%	23.44%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	22.64%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	27.76%	32.82%	67.39%	60.78%	32.84%	23.44%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	225.89%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	0.00%	-125.89%	100.00%	72.24%	67.18%	32.61%	39.22%	44.51%	76.56%
Debt to EBITDA	0.00	0.00	0.00	-0.40	-0.80	-0.57	-3.30	8.12	26.76
Net Debt to EBITDA	0.00	0.00	0.00	1.71	3.31	1.44	6.78	-20.60	-56.39
Long-Term Debt to EBITDA	0.00	0.00	0.00	-0.40	-0.80	-0.57	-3.30	4.81	26.76
Debt to NOPAT	0.00	0.00	0.00	-0.51	-0.82	-0.79	-2.52	-8.95	-7.60
Net Debt to NOPAT	0.00	0.00	0.00	2.15	3.43	2.00	5.18	22.70	16.02
Long-Term Debt to NOPAT	0.00	0.00	0.00	-0.51	-0.82	-0.79	-2.52	-5.30	-7.60
Altman Z-Score	0.00	-0.10	0.64	0.33	0.14	-2.86	-1.63	-1.06	0.13
Noncontrolling Interest Sharing Ratio	0.00%	225.89%	100.33%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-
Current Ratio	0.00	1.60	1.32	1.25	1.10	0.82	0.87	0.76	0.65
Quick Ratio	0.00	1.41	1.16	1.09	0.90	0.57	0.57	0.51	0.41
Cash Flow Metrics	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	124	-1,138	-1,667	-500	-709	-708	346	-2,433
Operating Cash Flow to CapEx	-5,221.26%	-408.74%	-61.83%	-2,197.62%	-277.68%	0.00%	-171.68%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	-51.01	-9.68	-35.93	-26.99	11.96	-117.24
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	-42.20	-1.97	-12.02	-3.75	29.38	56.30
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	-44.12	-2.68	-11.27	-5.93	29.68	56.30
Efficiency Ratios	-	-	-	-	-	-	-	-	-
Asset Turnover	0.00	0.57	0.77	0.46	0.68	0.88	0.97	1.16	0.87
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	19.74	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Accounts Payable Turnover	0.00	38.44	61.15	23.55	15.94	20.53	28.25	39.27	33.90
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	9.49	5.97	15.50	22.90	17.78	12.92	9.29	10.77
Cash Conversion Cycle (CCC)	0.00	-9.49	-5.97	-15.50	-22.90	-17.78	-12.92	-9.29	-10.77
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-
Invested Capital	0.00	-808	-1,562	-1,161	-1,456	-1,768	-1,393	-1,846	456
Invested Capital Turnover	0.00	-5.34	-3.05	-1.74	-2.45	-2.54	-2.79	-3.57	-9.09
Increase / (Decrease) in Invested Capital	0.00	-808	-754	401	-295	-312	375	-453	2,302
Enterprise Value (EV)	0.00	4,590	8,596	12,881	11,835	1,930	4,168	2,925	5,623
Market Capitalization	2,340	2,340	12,807	15,600	14,559	3,978	5,891	5,351	7,735
Book Value per Share	$0.00	($135.59)	$9.59	$5.28	$3.94	$1.08	$1.38	$1.85	$8.20
Tangible Book Value per Share	$0.00	($148.33)	$8.78	$4.50	$3.26	$0.14	$0.57	$1.14	$6.65
Total Capital	0.00	2,281	2,854	2,320	1,996	1,192	1,381	1,723	4,276
Total Debt	0.00	0.00	0.00	644	655	803	839	956	1,002
Total Long-Term Debt	0.00	0.00	0.00	644	655	803	839	566	1,002
Net Debt	0.00	-2,902	-4,211	-2,719	-2,724	-2,047	-1,723	-2,426	-2,113
Capital Expenditures (CapEx)	7.54	69	171	63	37	-15	57	-8.58	-0.07
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	-1,166	-2,054	-1,731	-1,994	-2,346	-2,069	-2,524	-3,443
Debt-free Net Working Capital (DFNWC)	0.00	872	796	520	260	-550	-384	-540	-1,606
Net Working Capital (NWC)	0.00	872	796	520	260	-550	-384	-930	-1,606
Net Nonoperating Expense (NNE)	193	227	711	487	267	563	7.40	-130	-2,976
Net Nonoperating Obligations (NNO)	0.00	-3,089	-4,416	-2,837	-2,797	-2,157	-1,935	-2,613	-2,818
Total Depreciation and Amortization (D&A)	-1.98	-4.38	70	171	178	137	51	63	70
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	-54.08%	-56.81%	-73.22%	-62.16%	-57.30%	-46.99%	-43.63%	-54.52%
Debt-free Net Working Capital to Revenue	0.00%	40.42%	22.01%	21.98%	8.09%	-13.42%	-8.72%	-9.33%	-25.43%
Net Working Capital to Revenue	0.00%	40.42%	22.01%	21.98%	8.09%	-13.42%	-8.72%	-16.08%	-25.43%
Earnings Adjustments	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($35.53)	($43.04)	($11.44)	($5.61)	($3.02)	($4.47)	($0.88)	$0.06	$6.92
Adjusted Weighted Average Basic Shares Outstanding	19.37M	21.18M	306.64M	328.93M	334.72M	354.73M	385.34M	409.18M	410.84M
Adjusted Diluted Earnings per Share	($35.53)	($43.04)	($11.44)	($5.61)	($3.02)	($4.47)	($0.88)	$0.06	$6.81
Adjusted Weighted Average Diluted Shares Outstanding	19.37M	21.18M	306.64M	328.93M	334.72M	354.73M	385.34M	413.65M	417.66M
Adjusted Basic & Diluted Earnings per Share	($35.53)	($43.04)	($11.44)	($5.61)	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	19.37M	21.18M	227.50M	312.18M	348.56M	378.08M	399.81M	418.01M	398.11M
Normalized Net Operating Profit after Tax (NOPAT)	-496	-684	-1,892	-1,266	-795	-1,021	-333	-107	-132
Normalized NOPAT Margin	-46.78%	-31.73%	-52.32%	-53.53%	-24.77%	-24.94%	-7.56%	-1.85%	-2.09%
Pre Tax Income Margin	-64.89%	-42.22%	-71.90%	-76.01%	-32.76%	-38.55%	-7.53%	0.44%	-0.84%
Debt Service Ratios	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	-54.00	-19.35	-78.99	-11.65	1.88	-1.57
NOPAT to Interest Expense	0.00	0.00	0.00	-38.74	-15.39	-51.75	-12.70	-3.70	-6.35
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	-55.92	-20.06	-78.24	-13.83	2.17	-1.56
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	-40.66	-16.10	-50.99	-14.88	-3.40	-6.35
Payout Ratios	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	219.45%	17.58%

This table displays calculated financial ratios and metrics derived from Lyft's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	398,107,601.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	398,107,601.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	0.04
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	9.84%	4.22%	27.65%	40.64%	31.54%	26.60%	13.54%	10.61%	10.67%	2.74%	13.81%
EBITDA Growth	101.63%	99.19%	94.26%	134.09%	178.84%	1,922.10%	364.68%	108.70%	281.22%	-251.36%	97.40%
EBIT Growth	98.61%	97.47%	87.81%	113.96%	0.59%	556.57%	155.12%	235.80%	950.28%	-312.57%	107.11%
NOPAT Growth	86.16%	89.91%	70.96%	82.08%	-41.09%	167.70%	71.60%	111.10%	160.68%	-554.34%	69.27%
Net Income Growth	97.13%	95.53%	83.19%	104.39%	-2.69%	334.64%	108.14%	704.03%	470.79%	4,363.00%	455.12%
EPS Growth	97.46%	96.95%	84.00%	103.33%	0.00%	420.00%	112.50%	900.00%	466.67%	4,018.75%	300.00%
Operating Cash Flow Growth	108.63%	229.65%	310.94%	494.73%	11,575.90%	252.50%	83.92%	24.45%	10.33%	60.55%	7.12%
Free Cash Flow Firm Growth	100.13%	-297.26%	-212.79%	45.17%	141,432.40%	215.39%	338.54%	810.19%	34.44%	-605.18%	-517.86%
Invested Capital Growth	-2.02%	21.20%	11.48%	-5.99%	-27.10%	-32.49%	-38.90%	-40.24%	-24.40%	124.68%	114.28%
Revenue Q/Q Growth	13.38%	5.79%	4.30%	12.42%	6.05%	1.81%	-6.46%	9.52%	6.11%	-5.49%	3.63%
EBITDA Q/Q Growth	106.92%	-168.70%	-119.63%	426.42%	-43.38%	348.90%	-68.10%	157.38%	3.42%	-278.23%	141.61%
EBIT Q/Q Growth	94.52%	-154.62%	-48.77%	167.22%	-139.04%	1,269.40%	-82.04%	309.50%	-1.14%	-392.36%	117.50%
NOPAT Q/Q Growth	74.65%	-49.71%	-4.66%	54.87%	-99.55%	171.83%	-143.90%	117.64%	990.91%	-637.89%	97.03%
Net Income Q/Q Growth	89.41%	-117.43%	-19.86%	115.90%	-347.83%	596.79%	-95.84%	1,470.47%	14.29%	5,879.63%	-99.48%
EPS Q/Q Growth	90.00%	-66.67%	-60.00%	112.50%	-400.00%	633.33%	-93.75%	900.00%	10.00%	5,890.91%	-99.39%
Operating Cash Flow Q/Q Growth	103.23%	1,824.28%	258.96%	76.85%	-4.42%	-41.91%	87.29%	19.67%	-15.27%	-15.46%	24.96%
Free Cash Flow Firm Q/Q Growth	-99.51%	-169,833.70%	43.45%	130.73%	379.89%	38.38%	16.90%	17.24%	-29.12%	-620.00%	3.31%
Invested Capital Q/Q Growth	7.24%	2.55%	-6.11%	-10.50%	-11.23%	-1.59%	-11.24%	-11.56%	1.33%	120.15%	-35.61%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	44.32%	39.26%	40.86%	42.92%	41.67%	43.59%	40.50%	41.08%	44.98%	38.98%	47.64%
EBITDA Margin	0.54%	-0.35%	-0.74%	2.16%	1.15%	5.08%	1.73%	4.07%	3.97%	-7.48%	3.00%
Operating Margin	-3.47%	-4.91%	-4.93%	-1.90%	-3.72%	1.80%	-1.99%	0.15%	1.37%	-11.62%	-0.32%
EBIT Margin	-0.50%	-1.20%	-1.71%	1.03%	-0.38%	4.33%	0.83%	3.11%	2.90%	-8.97%	1.51%
Profit (Net Income) Margin	-1.05%	-2.15%	-2.47%	0.35%	-0.82%	3.98%	0.18%	2.54%	2.73%	172.98%	0.86%
Tax Burden Percent	100.93%	113.66%	108.96%	73.04%	94.80%	101.98%	43.38%	90.82%	104.44%	-1,865.72%	72.08%
Interest Burden Percent	207.42%	157.28%	132.19%	46.65%	228.12%	90.09%	49.04%	89.82%	90.29%	103.38%	79.10%
Effective Tax Rate	0.00%	0.00%	0.00%	26.96%	0.00%	-1.98%	56.62%	9.18%	-4.44%	0.00%	27.92%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Equity (ROE)	-146.23%	-73.17%	-42.18%	-13.46%	-11.61%	3.48%	8.56%	14.07%	24.53%	140.77%	147.81%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-534.15%	-839.44%
Operating Return on Assets (OROA)	-0.48%	-1.16%	-1.73%	1.11%	-0.42%	5.02%	0.95%	3.67%	3.25%	-7.83%	1.36%
Return on Assets (ROA)	-1.00%	-2.07%	-2.49%	0.38%	-0.91%	4.61%	0.20%	2.99%	3.06%	151.06%	0.77%
Return on Common Equity (ROCE)	-146.23%	-73.17%	-42.18%	-13.46%	-11.61%	3.48%	8.56%	14.07%	24.53%	140.77%	147.81%
Return on Equity Simple (ROE_SIMPLE)	-192.63%	0.00%	-37.49%	-11.24%	-9.95%	0.00%	6.79%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-28	-42	-44	-20	-40	29	-13	2.21	24	-130	-3.84
NOPAT Margin	-2.43%	-3.44%	-3.45%	-1.38%	-2.61%	1.84%	-0.86%	0.14%	1.43%	-8.13%	-0.23%
Net Nonoperating Expense Percent (NNEP)	0.79%	0.77%	0.62%	1.20%	1.25%	1.46%	0.62%	1.46%	0.83%	106.23%	0.64%
Return On Investment Capital (ROIC_SIMPLE)	-	-3.05%	-	-	-	1.65%	-0.70%	0.18%	1.52%	-3.03%	-0.10%
Cost of Revenue to Revenue	55.68%	60.74%	59.14%	57.08%	58.33%	56.41%	59.50%	58.92%	55.02%	61.02%	52.36%
SG&A Expenses to Revenue	16.87%	17.79%	18.50%	17.60%	16.64%	12.58%	14.85%	14.63%	14.87%	19.08%	16.37%
R&D to Revenue	9.44%	7.77%	7.83%	6.88%	6.86%	6.05%	7.76%	6.88%	6.50%	7.53%	7.52%
Operating Expenses to Revenue	47.79%	44.17%	45.79%	44.82%	45.39%	41.78%	42.49%	40.93%	43.61%	50.60%	47.97%
Earnings before Interest and Taxes (EBIT)	-5.78	-15	-22	15	-5.75	67	12	49	49	-143	25
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	6.29	-4.32	-9.49	31	18	79	25	65	67	-119	50
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	8.69	10.88	15.48	9.85	7.97	6.98	5.92	9.05	15.61	2.36	1.75
Price to Tangible Book Value (P/TBV)	27.12	26.27	42.36	21.00	14.89	11.32	9.07	15.10	184.20	2.91	2.18
Price to Revenue (P/Rev)	0.94	1.34	1.62	1.12	0.96	0.92	0.83	1.08	1.43	1.22	0.81
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	234.86	87.22	71.91	59.37	2.72	1.85
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.43%	1.15%	1.39%	1.68%	36.77%	53.93%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	12.34	11.44
Enterprise Value to Revenue (EV/Rev)	0.56	0.95	1.23	0.72	0.55	0.51	0.39	0.67	1.03	0.89	0.51
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	157.39	87.22	24.84	15.30	21.86	27.53	150.10	54.17
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	53.89	26.42	33.08	36.50	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	271.05	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	43.79	7.72	4.09	3.44	2.38	3.88	6.03	4.81	2.82
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	12.48	8.46	4.71	6.72	13.87	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.78	1.55	1.92	1.68	1.47	1.25	1.12	0.72	1.76	0.31	0.33
Long-Term Debt to Equity	1.78	1.55	1.92	1.00	0.88	0.74	0.66	0.72	1.76	0.31	0.33
Financial Leverage	-3.29	-4.40	-4.61	-4.29	-3.89	-3.48	-3.66	-4.00	-4.32	-1.34	-1.46
Leverage Ratio	7.36	9.81	10.64	9.79	8.67	7.64	7.85	7.91	9.12	3.58	3.77
Compound Leverage Factor	15.26	15.42	14.06	4.57	19.77	6.88	3.85	7.11	8.23	3.70	2.98
Debt to Total Capital	64.03%	60.78%	65.73%	62.62%	59.52%	55.49%	52.88%	41.81%	63.80%	23.44%	24.59%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	25.20%	24.06%	22.64%	21.96%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	64.03%	60.78%	65.73%	37.42%	35.46%	32.84%	30.92%	41.81%	63.80%	23.44%	24.59%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	35.97%	39.22%	34.27%	37.38%	40.48%	44.51%	47.12%	58.19%	36.20%	76.56%	75.41%
Debt to EBITDA	-1.06	-3.30	-9.57	41.26	27.78	8.12	6.17	2.83	4.29	26.76	15.93
Net Debt to EBITDA	2.09	6.78	18.55	-85.15	-63.47	-20.60	-17.26	-13.77	-10.47	-56.39	-31.33
Long-Term Debt to EBITDA	-1.06	-3.30	-9.57	24.66	16.55	4.81	3.61	2.83	4.29	26.76	15.93
Debt to NOPAT	-1.18	-2.52	-4.18	-7.26	-6.65	-8.95	-11.74	-10.12	42.25	-7.60	-8.55
Net Debt to NOPAT	2.32	5.18	8.10	14.98	15.20	22.70	32.83	49.25	-103.11	16.02	16.81
Long-Term Debt to NOPAT	-1.18	-2.52	-4.18	-4.34	-3.96	-5.30	-6.86	-10.12	42.25	-7.60	-8.55
Altman Z-Score	-1.75	-1.42	-1.14	-1.32	-1.25	-1.05	-1.06	-0.90	-0.54	0.09	-0.14
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.85	0.87	0.82	0.74	0.75	0.76	0.77	0.70	0.72	0.65	0.58
Quick Ratio	0.57	0.57	0.53	0.49	0.50	0.51	0.53	0.46	0.48	0.41	0.37
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.25	-417	-236	72	348	481	563	660	468	-2,431	-2,351
Operating Cash Flow to CapEx	108.44%	289.90%	3,171.11%	0.00%	145,050.55%	0.00%	0.00%	0.00%	19,573.32%	2,784.41%	8,239.93%
Free Cash Flow to Firm to Interest Expense	0.04	-49.47	-33.46	9.23	47.24	72.27	91.47	131.07	98.59	-503.22	-449.89
Operating Cash Flow to Interest Expense	0.36	5.16	22.16	35.18	35.86	23.03	46.70	68.31	61.42	50.97	58.89
Operating Cash Flow Less CapEx to Interest Expense	0.03	3.38	21.46	35.55	35.83	24.65	47.85	68.98	61.11	49.14	58.17
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.96	0.97	1.01	1.08	1.12	1.16	1.14	1.18	1.12	0.87	0.90
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	0.00	9.66	0.00	0.00	0.00	12.42	0.00	0.00	0.00	15.26
Accounts Payable Turnover	35.06	28.25	26.48	33.24	38.62	39.27	33.93	32.30	33.23	33.90	34.65
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	10.41	12.92	13.79	10.98	9.45	9.29	10.76	11.30	10.98	10.77	10.53
Cash Conversion Cycle (CCC)	-10.41	-12.92	-13.79	-10.98	-9.45	-9.29	-10.76	-11.30	-10.98	-10.77	-10.53
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	-1,430	-1,393	-1,478	-1,634	-1,817	-1,846	-2,054	-2,291	-2,261	456	293
Invested Capital Turnover	-3.08	-2.79	-2.97	-3.21	-3.36	-3.57	-3.37	-3.11	-3.08	-9.09	-7.40
Increase / (Decrease) in Invested Capital	-28	375	192	-92	-387	-453	-575	-657	-443	2,302	2,347
Enterprise Value (EV)	2,432	4,168	5,779	3,692	3,027	2,925	2,332	4,067	6,481	5,623	3,355
Market Capitalization	4,071	5,891	7,604	5,689	5,230	5,351	4,962	6,629	8,946	7,735	5,295
Book Value per Share	$1.21	$1.38	$1.22	$1.43	$1.60	$1.85	$2.01	$1.74	$1.41	$8.20	$7.60
Tangible Book Value per Share	$0.39	$0.57	$0.45	$0.67	$0.86	$1.14	$1.31	$1.04	$0.12	$6.65	$6.09
Total Capital	1,302	1,381	1,434	1,545	1,620	1,723	1,779	1,259	1,583	4,276	4,013
Total Debt	834	839	942	968	964	956	940	527	1,010	1,002	987
Total Long-Term Debt	834	839	942	578	574	566	550	527	1,010	1,002	987
Net Debt	-1,639	-1,723	-1,825	-1,997	-2,203	-2,426	-2,630	-2,562	-2,465	-2,113	-1,940
Capital Expenditures (CapEx)	2.09	15	4.93	-2.91	0.18	-11	-7.02	-3.38	1.49	8.84	3.73
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-2,115	-2,069	-2,236	-2,372	-2,518	-2,524	-2,712	-2,951	-3,133	-3,443	-3,664
Debt-free Net Working Capital (DFNWC)	-449	-384	-570	-572	-591	-540	-558	-1,159	-1,140	-1,606	-1,943
Net Working Capital (NWC)	-449	-384	-570	-961	-981	-930	-949	-1,159	-1,140	-1,606	-1,943
Net Nonoperating Expense (NNE)	-16	-16	-13	-25	-27	-33	-15	-38	-22	-2,885	-18
Net Nonoperating Obligations (NNO)	-1,898	-1,935	-1,970	-2,211	-2,473	-2,613	-2,892	-3,024	-2,834	-2,818	-2,733
Total Depreciation and Amortization (D&A)	12	10	12	16	23	12	13	15	18	24	25
Debt-free, Cash-free Net Working Capital to Revenue	-48.58%	-46.99%	-47.78%	-46.55%	-46.12%	-43.63%	-45.52%	-48.29%	-49.94%	-54.52%	-56.23%
Debt-free Net Working Capital to Revenue	-10.30%	-8.72%	-12.19%	-11.22%	-10.83%	-9.33%	-9.37%	-18.97%	-18.18%	-25.43%	-29.82%
Net Working Capital to Revenue	-10.30%	-8.72%	-12.19%	-18.86%	-17.97%	-16.08%	-15.93%	-18.97%	-18.18%	-25.43%	-29.82%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.03)	($0.05)	($0.08)	$0.01	($0.03)	$0.16	$0.01	$0.10	$0.11	$6.70	$0.04
Adjusted Weighted Average Basic Shares Outstanding	389.31M	385.34M	401.55M	406.51M	412.23M	409.18M	419.05M	417.24M	405.68M	410.84M	395.07M
Adjusted Diluted Earnings per Share	($0.03)	($0.05)	($0.08)	$0.01	($0.03)	$0.16	$0.01	$0.10	$0.11	$6.59	$0.04
Adjusted Weighted Average Diluted Shares Outstanding	389.31M	385.34M	401.55M	411.97M	412.23M	413.65M	424.02M	422.95M	412.67M	417.66M	402.49M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	392.99M	399.81M	403.48M	410.16M	414.82M	418.01M	420.64M	406.44M	399.35M	398.11M	379.68M
Normalized Net Operating Profit after Tax (NOPAT)	-28	-42	-44	-20	-40	20	-20	2.21	16	-130	-3.84
Normalized NOPAT Margin	-2.43%	-3.44%	-3.45%	-1.38%	-2.61%	1.26%	-1.39%	0.14%	0.96%	-8.13%	-0.23%
Pre Tax Income Margin	-1.04%	-1.89%	-2.27%	0.48%	-0.86%	3.90%	0.41%	2.79%	2.62%	-9.27%	1.20%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-0.93	-1.75	-3.11	1.87	-0.78	10.09	1.96	9.82	10.30	-29.57	4.78
NOPAT to Interest Expense	-4.53	-4.99	-6.25	-2.53	-5.39	4.28	-2.03	0.44	5.08	-26.81	-0.74
EBIT Less CapEx to Interest Expense	-1.27	-3.53	-3.81	2.24	-0.81	11.71	3.10	10.49	9.99	-31.40	4.07
NOPAT Less CapEx to Interest Expense	-4.87	-6.78	-6.95	-2.16	-5.41	5.90	-0.89	1.11	4.76	-28.64	-1.45
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	219.45%	0.00%	216.95%	265.45%	17.58%	28.01%

Financials Breakdown Chart

Key Financial Trends

Lyft, Inc. (NASDAQ: LYFT) has shown a mix of improving top-line scale and ongoing profitability pressures across the last four years. Below is a concise, data-driven read on trends from Lyft’s quarterly statements (income statement, cash flow, and balance sheet) through 2025, with a focus for retail investors.

Lyft's operating cash flow from continuing operations remained positive in all four quarters of 2025, indicating ongoing cash generation from core operations.
Revenue stayed above $1.5 billion per quarter in 2025, reflecting sustained scale and growth versus earlier years.
The company maintained meaningful liquidity with cash and equivalents in 2025, supporting near-term flexibility for capex and debt management.
Net cash from continuing investing activities turned modestly positive in Q4 2025, helped by maturities and sales of investments, contributing to liquidity.
Investing activity has shown volatility in 2023–2025, including large inflows and outflows tied to asset sales, acquisitions, and investments.
A one-off tax benefit in Q4 2025 inflated net income, which may not recur and could distort ongoing profitability signals.
Debt levels rose through 2025, with long-term debt increasing toward the $1.0 billion level, potentially affecting leverage and interest costs.
Q4 2025 shows negative operating income despite strong gross profit, signaling ongoing profitability pressure at the operating level.
Gross margin compressed in 2025 compared with 2024, reducing operating leverage and profitability tailwinds.
Operating expenses (SG&A, Marketing, and R&D) rose as a share of revenue in 2025, further pressuring margins.

Bottom line for investors: Lyft generated solid revenue scale and positive operating cash flow in 2025, but continued profitability pressure from rising operating expenses and margin compression remains a concern. The mix of volatile investing activity and higher leverage suggests the company is balancing growth investments with liquidity needs. If Lyft can improve operating leverage or realize sustained profitability beyond one-off tax effects, the stock could benefit from stronger cash-flow visibility. As always, ongoing monitoring of quarterly operating performance and capital allocation will be important for assessing future returns.

05/16/26 02:44 AM ETAI Generated. May Contain Errors.

Lyft Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Lyft's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Lyft's net income appears to be on a downward trend, with a most recent value of $2.84 billion in 2025, falling from -$688.30 million in 2017. The previous period was $22.78 million in 2024. See Lyft's forecast for analyst expectations on what's next for the company.

Lyft's total operating income in 2025 was -$188.37 million, based on the following breakdown:

Total Gross Profit: $2.62 billion
Total Operating Expenses: $2.81 billion

Over the last 8 years, Lyft's total revenue changed from $1.06 billion in 2017 to $6.32 billion in 2025, a change of 495.9%.

Lyft's total liabilities were at $5.76 billion at the end of 2025, a 23.3% increase from 2024, and a 289.1% increase since 2018.

In the past 7 years, Lyft's cash and equivalents has ranged from $281.09 million in 2022 to $1.13 billion in 2025, and is currently $1.13 billion as of their latest financial filing in 2025.

Over the last 8 years, Lyft's book value per share changed from 0.00 in 2017 to 8.20 in 2025, a change of 819.7%.

Related Companies

Financial statements for NASDAQ:LYFT last updated on 5/12/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Lyft (LYFT) Financials

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Lyft (LYFT) Financials

Annual Income Statements for Lyft

Quarterly Income Statements for Lyft

Annual Cash Flow Statements for Lyft

Quarterly Cash Flow Statements for Lyft

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Quarterly Balance Sheets for Lyft

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Quarterly Metrics And Ratios for Lyft

Financials Breakdown Chart

Key Financial Trends

Lyft Financials - Frequently Asked Questions

When does Lyft's fiscal year end?

How has Lyft's net income changed over the last 8 years?

What is Lyft's operating income?

How has Lyft's revenue changed over the last 8 years?

How much debt does Lyft have?

How much cash does Lyft have?

How has Lyft's book value per share changed over the last 8 years?

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