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Lyft, Inc. operates multimodal transportation networks that offer access to various transportation options through platform and mobile based applications in the United States and internationally. The company facilitates peer-to-peer ridesharing by connecting drivers who have vehicles with riders who need a ride. It also operates Lyft Platform that provides a marketplace where drivers can be matched with riders via the Lyft mobile application. The company's platform provides a ridesharing marketplace that connects drivers with riders; Express Drive, a car rental program for drivers; and a network of shared bikes and scooters in various cities to address the needs of riders for short trips. In addition, it offers licensing and data access agreements; sells bikes and bike station software and hardware; and provides advertising services. The company was formerly known as Zimride, Inc. and changed its name to Lyft, Inc. in April 2013. Lyft, Inc. was incorporated in 2007 and is headquartered in San Francisco, California.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $6.3B | $103M | $2.8B | $1.1B | 86.9% | 9.2% | 12382.5% |
| 2024 | $5.8B | $203M | $23M | $766M | 3.0% | 31.4% | -106.7% |
| 2023 | $4.4B | $-189M | $-340M | $-248M | -62.8% | 7.5% | -78.5% |
| 2022 | $4.1B | $-1.4B | $-1.6B | $-352M | -407.7% | - | - |
| 2021 | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 4,095.14 | 4,403.59 | 5,786.02 | 6,316.26 |
| Cost Of Revenue | - | 2,435.74 | 2,543.95 | 3,337.71 | 3,697.65 |
| Gross Profit | - | 1,659.40 | 1,859.64 | 2,448.30 | 2,618.61 |
| Operating Expense | - | 3,118.32 | 2,335.24 | 2,567.21 | 2,806.98 |
| Operating Income | - | -1,458.92 | -475.60 | -118.91 | -188.37 |
| EBITDA | - | -1,404.11 | -188.97 | 203.16 | 102.74 |
| EBIT | - | -1,558.90 | -305.48 | 54.27 | -32.49 |
| Pretax Income | - | -1,578.64 | -331.70 | 25.35 | -53.25 |
| Tax Provision | - | 5.87 | 8.62 | 2.57 | -2,897.26 |
| Net Income | - | -1,584.51 | -340.32 | 22.78 | 2,844.01 |
| Net Income Common Stockholders | - | -1,584.51 | -340.32 | 22.78 | 2,844.01 |
| Total Expenses | - | 5,554.05 | 4,879.19 | 5,904.93 | 6,504.64 |
| Interest Expense | - | 19.74 | 26.22 | 28.92 | 20.76 |
| Interest Income | 9.07 | 47.14 | 145.73 | 166.30 | - |
| Research And Development | - | 856.78 | 555.92 | 397.07 | 451.42 |
| Selling General And Administration | - | 1,817.69 | 1,352.08 | 1,726.32 | 1,877.23 |
| Normalized EBITDA | - | -1,263.72 | -188.97 | 203.16 | 102.74 |
| Normalized Income | - | -1,473.60 | -340.32 | 22.78 | 2,844.01 |
| Market Cap | 5,441.44 | 5,441.44 | 5,441.44 | 5,441.44 | 5,441.44 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Lyft, Inc.this co. | LYFT | $5.9B | 1.91↓ discount | 1.66 | 86.9% | 54.37 |
| Paycom Software, Inc. | PAYC | $6.9B | 14.81 | 3.88 | 26.2% | 8.05 |
| Plexus Corp. | PLXS | $6.9B | 39.37 | 4.68 | 11.9% | 24.03 |
| EPAM Systems, Inc. | EPAM | $6.6B | 16.62 | 1.71 | 10.3% | 7.47 |
| OSI Systems, Inc. | OSIS | $4.9B | 32.21 | 5.07 |
| - |
| - |
| - |
| - |
| 15.7% |
| 20.54 |
| Diodes Incorporated | DIOD | $4.8B | 72.62 | 2.56 | 3.5% | 19.66 |
| Enphase Energy, Inc. | ENPH | $4.7B | 27.39 | 4.34 | 15.8% | 18.80 |
| Kulicke and Soffa Industries, Inc. | KLIC | $4.7B | 21549.74 | 5.59 | 0.0% | 114.37 |
| Box, Inc. | BOX | $4.7B | 29.15 | -11.24 | -38.6% | 24.70 |
| Peer Median | - | 30.68 | 4.11 | 11.1% | 20.10 | |