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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 |
| Operating 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 |
| 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 |
| Total Expenses | - | 5,554.05 | 4,879.19 | 5,904.93 | 6,504.64 |
| Operating Income | - | -1,458.92 | -475.60 | -118.91 | -188.37 |
| Total Operating Income As Reported | - | -1,458.92 | -475.60 | -118.91 | -188.37 |
| EBITDA | - | -1,404.11 | -188.97 | 203.16 | 102.74 |
| Normalized EBITDA | - | -1,263.72 | -188.97 | 203.16 | 102.74 |
| EBIT | - | -1,558.90 | -305.48 | 54.27 | -32.49 |
| Interest Income | 9.07 | 47.14 | 145.73 | 166.30 | - |
| Interest Expense | - | 19.74 | 26.22 | 28.92 | 20.76 |
| Net Interest Income | - | 27.41 | -26.22 | -28.92 | -20.76 |
| Other Non Operating Income Expenses | - | -6.74 | 170.12 | 173.18 | 155.88 |
| Other Income Expense | - | -147.13 | 170.12 | 173.18 | 155.88 |
| Interest Income Non Operating | 9.07 | 47.14 | 145.73 | 166.30 | - |
| Interest Expense Non Operating | - | 19.74 | 26.22 | 28.92 | 20.76 |
| Net Non Operating Interest Income Expense | - | 27.41 | -26.22 | -28.92 | -20.76 |
| Pretax Income | - | -1,578.64 | -331.70 | 25.35 | -53.25 |
| Tax Provision | - | 5.87 | 8.62 | 2.57 | -2,897.26 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -29.48 | 0 | 0 | 0 |
| Net Income Continuous Operations | - | -1,584.51 | -340.32 | 22.78 | 2,844.01 |
| Net Income From Continuing And Discontinued Operation | - | -1,584.51 | -340.32 | 22.78 | 2,844.01 |
| Net Income From Continuing Operation Net Minority Interest | - | -1,584.51 | -340.32 | 22.78 | 2,844.01 |
| 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 |
| Net Income Including Noncontrolling Interests | - | -1,584.51 | -340.32 | 22.78 | 2,844.01 |
| Normalized Income | - | -1,473.60 | -340.32 | 22.78 | 2,844.01 |
| Diluted NI Availto Com Stockholders | - | -1,584.51 | -340.32 | 22.78 | 2,844.01 |
| Basic Average Shares | - | 354.73 | 385.34 | 409.18 | 410.84 |
| Diluted Average Shares | - | 354.73 | 385.34 | 413.65 | 417.66 |
| Reconciled Depreciation | - | 154.80 | 116.51 | 148.89 | 135.23 |
| Reconciled Cost Of Revenue | - | 2,435.74 | 2,543.95 | 3,337.71 | 3,697.65 |
| Total Unusual Items | 120.76 | -140.39 | 3.41 | -7.38 | - |
| Total Unusual Items Excluding Goodwill | 120.76 | -140.39 | 3.41 | -7.38 | - |
| Special Income Charges | 119.28 | -135.71 | 0 | 0 | - |
| Write Off | 0 | 135.71 | 0 | 0 | - |
| Restructuring And Mergern Acquisition | -119.28 | 0 | 0 | - | - |
| Gain On Sale Of Security | 1.48 | -4.67 | 3.41 | -7.38 | - |
| General And Administrative Expense | - | 1,286.18 | 871.08 | 937.35 | 1,002.13 |
| Other Gand A | - | 1,286.18 | 871.08 | 937.35 | 1,002.13 |
| Other Operating Expenses | - | 443.85 | 427.24 | 443.82 | 478.33 |
| Selling And Marketing Expense | - | 531.51 | 481 | 788.97 | 875.10 |
| Earnings From Equity Interest | 0 | 0 | 12.93 | 0 | - |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Lyft, Inc.this co. | LYFT | $5.4B | 1.89↓ discount | 1.64 | 86.9% | 53.59 |
| Paycom Software, Inc. | PAYC | $6.4B | 14.10 | 3.69 | 26.2% | 7.65 |
| ACM Research, Inc. | ACMR | $6.2B | 66.26 | 4.26 | 6.4% | 33.90 |
| Kulicke and Soffa Industries, Inc. | KLIC | $5.6B | 26417.05 | 6.85 | 0.0% | 141.24 |
| Diodes Incorporated | DIOD | $5.2B | 78.15 |
| - |
| - |
| - |
| - |
| 2.75 |
| 3.5% |
| 21.25 |
| EPAM Systems, Inc. | EPAM | $5.1B | 13.50 | 1.39 | 10.3% | 5.75 |
| Axcelis Technologies, Inc. | ACLS | $5.0B | 41.37 | 4.81 | 11.6% | 28.80 |
| Power Integrations, Inc. | POWI | $4.8B | 215.13 | 7.06 | 3.3% | 117.83 |
| SolarEdge Technologies, Inc. | SEDG | $4.4B | -10.97 | 10.41 | -94.8% | -12.64 |
| Peer Median | - | 53.82 | 4.53 | 5.0% | 25.02 | |