Skip to content
New: more US companies explained, plain-English terms and earnings dates

Industrials · NASDAQ: LYFT

Lyft: how the business works

Lyft runs a ride-hailing app, mainly in the US, plus the Freenow taxi app in Europe, earning $6.3 billion of revenue in FY2025.

By · Checked against filings: . Editorial policy. Corrections

Follow Lyft

Email me when Lyft's page is updated after earnings.

We'll send a confirmation email first. See our privacy policy.

Lyft, Inc. · San Francisco, California · Founded 2012

Updated for Q3 FY2026 · checked

Revenue, FY2025
$6.3B
Operating loss, FY2025
-$188.4M
Net income, FY2025 (incl. $2.9B tax benefit)
$2.8B
Rides, FY2025
945.5 million
Full-time employees, Dec 31, 2025
3,913

For learning only. Cityfort is not a registered investment adviser or broker-dealer and does not recommend buying or selling any security. Prices shown are dated and may be out of date.

The short version

Lyft in 5 points

  1. 1 · What it sells

    Lyft runs a ride-hailing app, mainly in the US, plus the Freenow taxi app in Europe, bike and scooter sharing and car rentals for drivers, with 945.5 million rides and $6.3 billion of revenue in FY2025.

    More: what it sells

  2. 2 · Who pays it

    Lyft counts drivers as its customers and gives no split by payer; in FY2025, 93.3% of revenue came from platform services such as driver fees and 6.7% from renting vehicles, bikes and scooters.

    More: who pays it

  3. 3 · What it keeps from $100

    Of every $100 that came in during FY2025, Lyft kept $43.9 as net income because of a one-time $2.9 billion tax benefit; before tax it lost $53.2 million, and its operating loss was $3.0 per $100 of revenue.

    More: what it keeps from $100

  4. 4 · Where the operating profit comes from

    Lyft reports one segment and no profit by product or country; it had an operating loss of $188.4 million in FY2025 and $19.4 million in Q3 FY2026, with 95.9% of FY2025 revenue from the US.

    More: where the operating profit comes from

  5. 5 · The one thing to watch

    Lyft agreed on Sep 30, 2026, subject to court approval, to a $272.5 million California driver-classification settlement, and legal, tax and regulatory reserve items totaled $117.9 million in Q3 FY2026, including $69.1 million taken out of revenue.

    More: the one thing to watch

Sources: From Lyft's FY2025 10-K, Q3 FY2026 10-Q and earnings release, and the Oct 1, 2026 settlement 8-K · checked

See the full receipt and the management scorecard below

Sources (3)
Next: Where $100 goes

01Where the money goes · FY2025

Where does $100 of Lyft's money go?

Of every $100 that came in (revenue plus other income), this is where it went.

Lyft · FY2025

Receipt for every $100

Where $100 of Lyft's money went in FY2025
Cost of revenue$57.1
Sales and marketing$13.5
Operations, support and research$14.4
General and administrative$15.5
Interest$0.3
Income tax benefit (added to profit)−$44.8
Kept as net income$43.9
Total$100

Each line = amount ÷ total money in × 100. Lines may not add to exactly $100 because of rounding.

How this is worked out

Of every $100 that came in during FY2025 (revenue $6,316.3 million + interest and other income $155.9 million = $6,472.2 million). Cityfort calculation from FY2025 10-K. The tax line is negative because a one-time $2.9 billion release of a tax valuation allowance made tax a benefit. Depreciation and stock-based pay sit inside the cost lines, as in Lyft's income statement.

Sources (3)
Next: The business in one line

Each week: one company explained in 5 points, picked by earnings date.

Free, no tips, unsubscribe anytime.

We'll send a confirmation email. See our privacy policy.

02The business in one line

What does Lyft do?

Drivers pay Lyft fees to get rides through its app; most of that money goes on cost of revenue, which includes insurance, and from FY2021 to FY2025 costs exceeded revenue every year.

  • Riders booked $18.5 billion of rides and services on Lyft in FY2025, measured as Gross Bookings, a company measure. Lyft's revenue, mostly its fees, was $6.3 billion.
  • Lyft had an operating loss of $188.4 million in FY2025. Its net income of $2,844.0 million came from a one-time $2.9 billion tax benefit.
Next: Who pays it

03Who pays it

Who pays Lyft?

  • Drivers, riders, businesses and advertisers (platform services)

    93%

    of revenue

    Drivers pay fees to use the platform. Riders pay Lyft directly where Lyft controls the service. Businesses pay Concierge fees, members pay subscriptions, and brands buy Lyft Ads.

  • Drivers and riders who rent (vehicles, bikes, scooters)

    7%

    of revenue

    Drivers rent Express Drive vehicles from Flexdrive, and riders rent bikes and scooters.

  • Drivers, riders, businesses and advertisers (platform services)93%
  • Drivers and riders who rent (vehicles, bikes, scooters)7%

How spread out the customers are

Riders and drivers are individuals, and the filings read report no customer concentration. Lyft says the driver is its customer and the rider is the driver's customer. Shares are a Cityfort calculation from FY2025 10-K ($5,895.5 million of platform revenue and $420.8 million of rental revenue).

Sources (2)
Next: Why it makes money

04Why it makes money

Why does Lyft make money?

Lyft keeps a fee on each ride, so profit depends on spreading fixed costs over more rides.

Lyft's operating loss per $100 of revenue narrowed from $35.4 in FY2021 to $3.0 in FY2025. Rides rose from 598.5 million in FY2022 to 945.5 million in FY2025. Stock-based compensationPay given as shares instead of cash, which spreads ownership more thinly. Learn more fell from $724.6 million in FY2021 to $322.3 million in FY2025. Insurance, incentives and legal costs still kept operations in loss.

Operating income per $100 of revenue

−$35.4−$3.0

FY2021 to FY2025

  1. Riders open the Lyft app
  2. More ride requests give drivers more paid trips
  3. More drivers mean shorter waits for riders
  4. Lyft keeps a fee on each ride
  5. Technology and office costs spread over more rides
  6. Insurance and incentive costs grow with every ride

↺ Step 6 feeds back into step 1.

Sources (2)
Next: Business segments

05Business segments · FY2025

Which businesses make up Lyft?

  • United States

    96%

    Rides, rentals and other services in the US. Lyft reports one operating segment, so this split is its revenue by country, not a segment.

    Revenue $6.1B

  • International

    4%

    Revenue from outside the US, including Freenow from Jul 31, 2025. No single other country reached 10% of revenue.

    Revenue $256M

How the mix changed

  • United States
  • International

Revenue by segment, FY2023 to FY2025.

US$

See the numbers
How the mix changed (US$)
YearUnited StatesInternational
FY2023$4.2B$159M
FY2024$5.6B$140M
FY2025$6.1B$256M
Sources (1)
Next: How has it done

06The numbers · Consolidated · US$

How has Lyft done?

Revenue

$6.3BFY2025

Revenue rose every year from $3.2 billion in FY2021 to $6.3 billion in FY2025; legal reserve items cut revenue by $168 million in Q4 FY2025 and $69.1 million in Q3 FY2026, when growth was 8.1%.

US$

See the numbers
Revenue (US$)
PeriodRevenue (US$)
FY2021$3.2B
FY2022$4.1B
FY2023$4.4B
FY2024$5.8B
FY2025$6.3B
Q1 FY2024$1.3B
Q2 FY2024$1.4B
Q3 FY2024$1.5B
Q4 FY2024$1.6B
Q1 FY2025$1.5B
Q2 FY2025$1.6B
Q3 FY2025$1.7B
Q4 FY2025$1.6B
Q1 FY2026$1.7B
Q2 FY2026$1.8B
Q3 FY2026$1.8B

Net profit

$2.8BFY2025

Net losses from FY2021 to FY2023 gave way to $22.8 million of net income in FY2024 and $2,844.0 million in FY2025, mostly a one-time $2.9 billion tax benefit; Q4 rows are a Cityfort calculation from the FY2025 10-K and the Q3 FY2024 and Q3 FY2025 earnings releases.

US$

See the numbers
Net profit (US$)
PeriodNet profit (US$)EPS ($)
FY2021−$1.1B−$3.17
FY2022−$1.6B−$4.47
FY2023−$340M−$0.88
FY2024$22.8M$0.06
FY2025$2.8B$6.81
Q1 FY2024−$31.5M−$0.08
Q2 FY2024$5M$0.01
Q3 FY2024−$12.4M−$0.03
Q4 FY2024$61.7M–
Q1 FY2025$2.6M$0.01
Q2 FY2025$40.3M$0.10
Q3 FY2025$46.1M$0.11
Q4 FY2025$2.8B–
Q1 FY2026$14.3M$0.04
Q2 FY2026$50.3M$0.13
Q3 FY2026−$9.7M−$0.03

Profit kept per $100 of revenue

$45.0FY2025

Operating loss per $100 of revenue narrowed from $35.4 in FY2021 to $3.0 in FY2025, as stock-based compensation fell from $724.6 million to $322.3 million; net income was $45.0 per $100 in FY2025 with the tax benefit.

$ of profit per $100 of revenue (net margin)

See the numbers
Profit kept per $100 of revenue ($ of profit per $100 of revenue (net margin))
YearNet marginEBITDA margin
FY2021−33.1%−31.0%
FY2022−38.7%−31.8%
FY2023−7.7%−8.2%
FY20240.4%0.5%
FY202545.0%−0.8%

Free cash flow

$1.1BFY2025

Free cash flow went from a $180.9 million outflow in FY2021 to $1,115.6 million in FY2025; growth in insurance reserves supplied $479.0 million of FY2025's $1,168.4 million of cash from operations.

US$ · cash from operations minus spending on plants and equipment

See the numbers
Free cash flow (US$ · cash from operations minus spending on plants and equipment)
YearCash from operationsCapital spendingFree cash flow
FY2021−$102M$79.2M−$181M
FY2022−$237M$115M−$352M
FY2023−$98.2M$150M−$248M
FY2024$850M$83.5M$766M
FY2025$1.2B$52.8M$1.1B
See all yearly numbers
Lyft annual financials, FY2021–FY2025, US$
YearRevenueEBITDANet profitEPS ($)Operating cashCapexFree cash
FY2021$3.2B−$996M−$1.1B−$3.17−$102M$79.2M−$181M
FY2022$4.1B−$1.3B−$1.6B−$4.47−$237M$115M−$352M
FY2023$4.4B−$359M−$340M−$0.88−$98.2M$150M−$248M
FY2024$5.8B$30M$22.8M$0.06$850M$83.5M$766M
FY2025$6.3B−$53.1M$2.8B$6.81$1.2B$52.8M$1.1B

EBITDA here = operating income plus depreciation and amortization (from the cash flow statement). Fiscal years are the company's own (Dec 31; Lyft's fiscal year is the calendar year, so Q3 FY2026 is July–September 2026). Net profit is the share belonging to the company's owners.

Download Lyft's yearly and quarterly numbers (CSV, with source ids)

Learn: Fiscal years that don't end in December: Nvidia's FY2027 explained · Stock-based compensation and dilution: pay that becomes shares

Sources (19)
Next: What they said, and what happened

07Who runs it

Who runs Lyft, and did they deliver?

  • David Risher

    Chief Executive Officer · since 2023

    Total pay was $2.8 million in 2025 and $78.2 million in 2023, when stock awards on hiring were $73.3 million.

  • Michael Brous

    Chief Financial Officer · since 2026

    Since Sep 28, 2026, replacing Erin Brewer, who retired as CFO and stays as an advisor to Dec 15, 2026.

  • Sean Aggarwal

    Chair of the board · since 2025

    Elected chair on Aug 14, 2025, when founders Logan Green and John Zimmer left the board.

  • Deborah Hersman

    Director · since 2026

    Joined Jan 25, 2026. Former chair of the US National Transportation Safety Board and former chief safety officer of Waymo.

  • Ben Minicucci

    Director · since 2026

    Joined Jul 23, 2026. He is CEO of Alaska Air Group, which has a partnership with Lyft.

What they said, and what happened

3 too early to tell · 1 delivered

  1. Said on Jun 6, 2024

    At its Jun 6, 2024 investor day Lyft set 2027 targets: Gross Bookings growth of about 15% a year from FY2024 to FY2027, Adjusted EBITDAOperating profit before wear-and-tear charges (depreciation and amortization). As a margin: per $100 of sales. of about 4% of Gross Bookings in FY2027, and free cash flowCash from operations minus spending on buildings and equipment. Learn more above 90% of Adjusted EBITDA each year from 2025 to 2027.

    What happened

    In FY2025 Gross Bookings rose 15.0%, Adjusted EBITDA was 2.9% of Gross Bookings, and free cash flow was 211% of Adjusted EBITDA (Cityfort calculation from the FY2025 10-K). GAAP operating loss was $188.4 million. FY2026 and FY2027 are still open.

    Too early to tell

  2. Said on Feb 10, 2026

    Lyft guided Q1 FY2026 Gross Bookings of $4.86–5.00 billion and Adjusted EBITDA of $120–140 million.

    What happened

    Reported Gross Bookings of $4,946.0 million and Adjusted EBITDA of $132.8 million, both within the ranges. GAAP operating loss was $5.3 million.

    Delivered

  3. Said on Nov 5, 2026

    Lyft said it expects more than 1 billion rides in 2026.

    What happened

    Rides were 236.9 million, 262.4 million and 273.5 million in the first three quarters of 2026.

    Too early to tell

  4. Said on Nov 5, 2026

    Lyft guided Q4 FY2026 Gross Bookings of about $5.74–5.94 billion and Adjusted EBITDA of about $188–213 million.

    What happened

    Lyft has not announced the date of its Q4 FY2026 results.

    Too early to tell
Sources (12)
Next: What could go wrong

08What could go wrong

What could go wrong for Lyft?

  • Legal

    Driver classification and other legal costs

    Lyft agreed on Sep 30, 2026, subject to court approval, to settle the California driver-classification case for $272.5 million, payable over up to four years if approved. Legal, tax and regulatory reserve items cut revenue by $168 million in Q4 FY2025 and by $69.1 million in Q3 FY2026. They totaled $117.9 million in Q3 FY2026.

    Watch Reserve items in each earnings release, and the legal note in each 10-Q.

  • Competition

    A much larger main rival

    Lyft's FY2025 10-K names Uber as its main rideshare competitor. Uber's FY2025 revenue was $52.0 billion, against Lyft's $6.3 billion, each from its own 10-K.

    Watch Rides and Active Riders each quarter.

  • Other

    Insurance costs

    Insurance reserves were $2,302.9 million at Sep 30, 2026. Cost of revenue fell 6% in Q3 FY2026, partly from lower insurance cost per mile under California's SB 371 and favorable developments on prior-year claims. Management said on Nov 5, 2026 it expects a modest rise in Q4 insurance cost after the Oct 1 renewal.

    Watch Cost of revenue each quarter.

  • Pricing

    Spending on incentives

    Sales and marketing rose 57% to $382.0 million in Q3 FY2026, as rider incentive costs rose to $247.9 million from $128.4 million. Driver incentives reduce revenue, which fell from 35.3% of Gross Bookings in Q3 FY2025 to 32.4%.

    Watch Sales and marketing, and revenue next to Gross Bookings, each quarter.

  • Technology

    Self-driving cars

    Lyft's 10-K names Alphabet's Waymo, Amazon's Zoox, Baidu, Bolt and Tesla as self-driving competitors. Lyft also partners with Waymo in Nashville and with Baidu in London.

    Watch New self-driving cities and partners announced in each release.

  • Execution

    Acquisitions and Europe

    Freenow, TBR and Gett UK are in 2026 numbers, but Lyft gives no organic growth split. Revenue from outside the US was 4.1% in FY2025. Goodwill rose from $251.4 million at Dec 31, 2024 to $491.3 million at Sep 30, 2026.

    Watch Q4 FY2026, the first full quarter that laps Freenow, as management said.

  • Other

    Operating losses

    Lyft had a GAAP operating loss every year from FY2021 to FY2025, including $188.4 million in FY2025, and $19.4 million in Q3 FY2026. Adjusted EBITDA, a company measure, was $528.8 million in FY2025 because it leaves out stock-based compensation, depreciation and reserve items.

    Watch GAAP income from operations each quarter.

  • Regulation

    Agency matters

    The Q3 FY2026 10-Q reports a Department of Justice notice of alleged disability-access violations, New Jersey and New York unemployment-insurance audits, and a UK VAT dispute. Amounts accrued for the audits and VAT are not stated.

    Watch The legal note in each 10-Q.

Sources (9)
Next: Supporters vs. critics

09Both sides

What do supporters and critics point to?

Facts each side points to. We don't say which side is right.

What supporters point to

  • Gross Bookings, a company measure, rose 17.5% to $5,616.9 million in Q3 FY2026, and rides rose to 273.5 million from 248.8 million.
  • Free cash flow went from a $180.9 million outflow in FY2021 to $1,115.6 million in FY2025.
  • Cash and short-term investments exceeded debt by $852.9 million at Sep 30, 2026.
  • Q1 FY2026 Gross Bookings and Adjusted EBITDA came in within the ranges Lyft guided in February 2026.
  • Lyft bought back $450.0 million of shares in the first nine months of 2026.

What critics point to

  • Lyft had an operating loss every year from FY2021 to FY2025; FY2025 net income came from a one-time $2.9 billion tax benefit.
  • Growth in insurance reserves supplied $479.0 million of the $1,168.4 million of cash from operations in FY2025.
  • Revenue fell from 35.3% of Gross Bookings in Q3 FY2025 to 32.4%, while sales and marketing rose 57%.
  • Lyft agreed, subject to court approval, to a $272.5 million California settlement, and reserve items totaled $117.9 million in Q3 FY2026.
  • Uber, Lyft's main competitor, had $52.0 billion of FY2025 revenue against Lyft's $6.3 billion.
Next: What to watch next

10What to watch next

What should you watch next at Lyft?

Next event

Q4 FY2026 results

Date not announced yet.

  • Q4 FY2026 against Lyft's outlook

    Lyft's Nov 5, 2026 outlook is Gross Bookings of about $5.74–5.94 billion and Adjusted EBITDA of about $188–213 million, both company measures. Management said Q4 is the first full quarter that laps Freenow.

  • Legal and insurance costs

    Reserve items were $117.9 million in Q3 FY2026. The $272.5 million California settlement would be payable over up to four years if approved; the court set a second approval hearing for Nov 20, 2026. Management said on Nov 5, 2026 that it expects a modest rise in Q4 insurance cost from Q3.

  • Revenue next to Gross Bookings

    Revenue was 32.4% of Gross Bookings in Q3 FY2026, down from 35.3% a year earlier, as driver incentives reduce revenue.

Next: Key facts

11Key facts

Key facts about Lyft

What does Lyft do?
Lyft runs a ride-hailing app that matches riders with drivers, mainly in the US, plus the Freenow taxi app in Europe, bike and scooter sharing, and car rentals for drivers. Lyft had $6.3 billion of revenue and 945.5 million rides in FY2025, and 3,913 full-time employees at Dec 31, 2025.
How does Lyft make money?
Lyft makes most of its money from fees that drivers pay to use its app; Lyft says ridesharing is approximately 85% or more of its revenue. Lyft's FY2025 revenue of $6,316.3 million was 34.1% of its $18,507.0 million of Gross Bookings, a company measure of the value of rides and services.
What is Lyft's business model?
Lyft's business model is a marketplace: riders book rides in the Lyft app, drivers provide them, and Lyft keeps a fee. Driver incentives reduce Lyft's revenue, while rider incentives are counted as sales and marketing. In FY2025 Lyft's revenue was $6.3 billion on $18.5 billion of Gross Bookings.
Who are Lyft's customers?
Lyft says drivers are its customers and riders are the drivers' customers. In FY2025, 93.3% of Lyft's $6,316.3 million of revenue came from platform services such as driver fees, and 6.7% from renting vehicles, bikes and scooters (Cityfort calculation from the FY2025 10-K).
Is Lyft profitable?
Not from operations. Lyft had a GAAP operating loss in every year from FY2021 to FY2025, including $188.4 million in FY2025. Lyft's FY2025 net income of $2,844.0 million came from a one-time $2.9 billion tax benefit. In Q3 FY2026 Lyft had an operating loss of $19.4 million and a net loss of $9.7 million.
What is Lyft's revenue by segment?
Lyft reports one operating segment and does not split revenue by product. In FY2025, $6,060.2 million of Lyft's revenue (95.9%) came from the United States and $256.0 million (4.1%) from other countries.
How many rides does Lyft handle?
Lyft recorded 945.5 million rides in FY2025, up from 828.3 million in FY2024, and 273.5 million in Q3 FY2026. Lyft counted 31.6 million Active Riders, riders with at least one ride in the quarter, in Q3 FY2026.
How big is Lyft's business outside the US?
Lyft's revenue from outside the US was $256.0 million in FY2025, 4.1% of the total. Lyft bought Freenow, a European taxi app, on Jul 31, 2025 for €204.1 million ($234.8 million), and does not report Freenow's revenue separately.
How much does Lyft earn from renting cars, bikes and scooters?
Lyft's rental revenue was $420.8 million in FY2025, 6.7% of its revenue. It comes from Express Drive vehicles that Lyft's Flexdrive unit rents to drivers, and from bike and scooter rentals.
Who owns Lyft?
Lyft has had one class of stock, with one vote per share, since Aug 15, 2025. Ameriprise Financial reported 16.2% of Lyft at Jun 30, 2026 and BlackRock 11.7% at Mar 31, 2026, in Schedule 13GA filing by anyone who owns more than 5% of a company's shares and does not seek control. Learn more filings. Lyft's directors and executive officers as a group held less than 1% at Mar 15, 2026.
Sources (8)
Next: Go deeper

Terms on this page

Each explains the term in plain English, with the same number from other companies on Cityfort.

Go deeper

More detail from the same filings. Open any section.

12What it sells

12What it sells

What does Lyft sell?

Lyft sells access to a ride. Its app matches a rider with a nearby driver, and Lyft keeps a fee. It also runs taxi apps in Europe, bike-share systems and car rentals for drivers. FY2025 revenue was $6.3 billion.

  • Rideshare (945.5 million rides in FY2025)

    Rides booked in the Lyft app with drivers who use their own or rented cars. Drivers pay Lyft fees to use the platform. Lyft says ridesharing is approximately 85% or more of revenue.

  • Freenow (Europe, since Jul 31, 2025)

    A taxi and private-hire app bought for €204.1 million ($234.8 million). Lyft says it added 9 countries and over 180 cities.

  • TBR Global Chauffeuring (since Oct 14, 2025)

    An executive chauffeur business bought for €86.4 million ($115.2 million). Lyft said on Nov 5, 2026 that it plans a premium chauffeur brand, Alcove, on it in early 2027.

  • Express Drive rentals ($420.8M of rental revenue with bikes and scooters, FY2025)

    Lyft's Flexdrive unit rents vehicles to drivers who do not have a suitable car. Flexdrive also services Waymo's self-driving fleet in Nashville.

  • Bikes and scooters

    Bike and scooter rentals, plus sales of bikes, stations and software to bike-share programs.

  • Business rides, memberships and ads

    Concierge fees from businesses that book rides for others, subscriptions such as the Lyft Go membership, licensing and data access, and Lyft Ads.

What it does

  • Does: Matches riders with drivers and keeps a fee
  • Does: Runs the Freenow taxi app in Europe
  • Does: Rents vehicles to drivers through Flexdrive
  • Does: Rents bikes and scooters and sells bike-share equipment

What it does not do

  • Does not: Does not count the full fare as revenue on most rides: Gross Bookings were about three times revenue in FY2025
  • Does not: Does not report revenue or profit by product
  • Does not: Has never paid a dividend
Sources (4)
13How the money flows

13How the money flows · FY2025

How does money flow through Lyft?

Money in

  • Revenue (mostly fees from drivers)$6.3B
  • Interest and other income, net$156M

The company

Lyft

$6.5B came in

Money out

  • Cost of revenue (includes insurance)$3.7B
  • Sales and marketing (includes rider incentives)$875M
  • Operations, support, research and development$930M
  • General and administrative (includes legal reserves)$1.0B
  • Interest expense$20.8M
  • Income tax benefit (added to profit)−$2.9B
  • Net income$2.8B
  1. Lyft recorded $6.3 billion of revenue in FY2025, mostly fees from drivers. Interest and other income added $155.9 million.
  2. Cost of revenue, which includes insurance, took $3.7 billion.
  3. Sales and marketing took $875.1 million, operations, support and research $929.7 million, and general and administrative costs $1,002.1 million.
  4. That left an operating loss of $188.4 million and, after interest and other income, a pre-tax loss of $53.2 million.
  5. A one-time $2.9 billion tax benefit turned that loss into net income of $2,844.0 million.
Sources (3)
14What it needs to run

14What it needs to run

What does Lyft need to run?

  • Drivers

    Every ride needs a driver nearby. Lyft's Q3 FY2026 10-Q says spending to attract drivers, recorded as a reduction of revenue, held back revenue growth.

  • Insurance

    Insurance reserves were $2,302.9 million at Sep 30, 2026. On Jul 1, 2026 Lyft moved claims on policies from Oct 2019 to Sep 2025 to a reinsurer: a $743 million limit for a $406 million premium.

  • Vehicles

    Flexdrive owns cars it rents to drivers, partly funded by $107.5 million of vehicle loans at Sep 30, 2026. Purchases of equipment and the scooter fleet were $52.8 million in FY2025.

  • People

    Lyft had 3,913 full-time employees at Dec 31, 2025; none of its US employees were unionized.

Sources (3)
15Competitors and what protects it

15Competitors and what protects it

Who does Lyft compete with?

Lyft's FY2025 10-K names Uber as its main rideshare competitor and lists rivals in Europe, bikes and scooters, and self-driving cars. Its filings state no market share.

  • Uber

    NYSE: UBER

    Named by Lyft's FY2025 10-K as its main rideshare competitor, and with Bolt in European taxi apps. Uber's own 10-K shows $52.0 billion of FY2025 revenue.

  • Bolt

    Named by the 10-K in taxi and private-hire apps, where Freenow competes, and in self-driving cars.

  • Lime

    Named by the 10-K in bikes and scooters, with Bird, Fifteen, nextbike and Dott.

  • Alphabet (Waymo)

    NASDAQ: GOOGL

    Named by the 10-K in self-driving cars, with Amazon's Zoox, Baidu, Bolt and Tesla. Waymo rides have also been on the Lyft app in Nashville since September 2026.

  • Baidu

    Named by the 10-K in self-driving cars. Management said on Nov 5, 2026 that Baidu's Apollo Go is testing in London with Lyft for a 2027 commercial launch.

What protects the business

Each strength is scored 1 (weak) to 5 (strong) for the business, with the reason. It is not a rating of the share.

  • Size of the rider network3 of 5

    Lyft recorded 945.5 million rides in FY2025 and 31.6 million Active Riders in Q3 FY2026, with 95.9% of FY2025 revenue from the US.

  • Vehicle and fleet services2 of 5

    Flexdrive rents cars to drivers, and rental revenue with bikes and scooters was $420.8 million in FY2025. Flexdrive also services Waymo's fleet in Nashville.

  • Self-driving partnerships2 of 5

    Lyft works with Waymo in Nashville and with Baidu in London, both named as competitors in its 10-K. Lyft discloses no count of self-driving rides.

Weak spot

Scale against Uber

Uber, which Lyft names as its main competitor, had $52.0 billion of FY2025 revenue against Lyft's $6.3 billion, each from its own 10-K.

Sources (4)
16Where growth could come from

16Where growth could come from

Where could Lyft's growth come from?

Lyft said on Nov 5, 2026 that it expects Q4 FY2026 Gross Bookings of about $5.74–5.94 billion, up 13% to 17%, and Adjusted EBITDA of about $188–213 million; both are company measures. It said it expects more than 1 billion rides in 2026 and about $500 million of buybacks for the year.
Management statement, Nov 5, 2026. Reported as a statement, not our forecast.

  • Rides and bookings

    Working

    Gross Bookings +17.5%, Q3 FY2026

    Gross Bookings, a company measure, rose to $5,616.9 million in Q3 FY2026, and rides rose to 273.5 million from 248.8 million. Part of the growth came from acquisitions; Lyft gives no organic split.

    Status: Working, on track against what the company said.

  • Europe through Freenow

    New

    International 4.1% of FY2025 revenue

    Freenow joined on Jul 31, 2025 and Gett UK in 2026. Management said on Nov 5, 2026 that Q4 FY2026 is the first full quarter that laps the Freenow purchase.

    Status: New, recently announced.

  • Premium chauffeur rides

    Early

    Alcove launch planned early 2027

    Lyft bought TBR Global Chauffeuring on Oct 14, 2025 and said on Nov 5, 2026 that it will launch Alcove, a premium chauffeur brand built on TBR, in early 2027.

    Status: Early, too early to judge.

  • Self-driving cars

    Early

    Waymo in Nashville since Sep 2026

    Waymo rides have been on the Lyft app in Nashville since September 2026, and a depot opened in October 2026. Baidu's Apollo Go is testing in London for a 2027 commercial launch, management said.

    Status: Early, too early to judge.

  • Lyft Go membership

    New

    $9.99 (Lyft Go Core: $4.99)

    Lyft launched the Lyft Go membership, as stated in its Q3 FY2026 release. Member numbers are not in the documents read.

    Status: New, recently announced.

  • Revenue kept from each booking

    Mixed

    32.4% of Gross Bookings, Q3 FY2026

    Revenue fell from 35.3% of Gross Bookings in Q3 FY2025 to 32.4% (Cityfort calculation from the Q3 FY2025 and Q3 FY2026 earnings releases). Driver incentives and a $69.1 million legal reserve item reduced Q3 FY2026 revenue.

    Status: Mixed, partly on track.

Status compares progress with what the company itself said it would do: Working = on track against what the company said; Mixed = partly on track; Behind = behind the company's own plan; New = recently announced; Early = too early to judge.

Sources (5)
17The company's own measures (non-GAAP)

17The company's own measures · FY2025 and Q3 FY2026

What do Lyft's own measures show?

Adjusted (non-GAAP) figures, Gross Bookings, rides and Active Riders are Lyft's own measures, shown next to the official (GAAP) number. They are never added together.

  • Official (GAAP): Revenue, FY2025

    $6.3B

    Company's own measure: Gross Bookings, FY2025

    $18.5B

    Lyft's total dollar value of transactions, including taxes, tolls and fees, excluding tips. It is not Lyft's revenue. Lyft simplified the definition in Q4 FY2025 with no effect on earlier periods.

  • Official (GAAP): Revenue, Q3 FY2026

    $1.8B

    Company's own measure: Gross Bookings, Q3 FY2026

    $5.6B

    Gross Bookings rose 17.5% and revenue 8.1%. Lyft said revenue was $1.9 billion excluding a $69.1 million reduction from legal, tax and regulatory reserve items.

  • Official (GAAP)

    No official figure measures this; it is the company's own operating measure.

    Company's own measure: Revenue as a share of Gross Bookings, Q3 FY2026

    32.4%

    Revenue ÷ Gross Bookings, a Cityfort calculation from the Q3 FY2025 and Q3 FY2026 earnings releases. It was 35.3% in Q3 FY2025.

  • Official (GAAP): Income (loss) from operations, FY2025

    −$188M

    Company's own measure: Adjusted EBITDA, FY2025

    $529M

    Lyft's main profit measure. It leaves out stock-based compensation ($322.3 million in FY2025), depreciation and amortization ($135.2 million), certain legal, tax and regulatory reserve items, restructuring and deal costs.

  • Official (GAAP): Income (loss) from operations, Q3 FY2026

    −$19.4M

    Company's own measure: Adjusted EBITDA, Q3 FY2026

    $204M

    Same definition. It leaves out $117.9 million of legal, tax and regulatory reserve items in the quarter.

  • Official (GAAP): Operating margin (of revenue), FY2025

    −3.0%

    Company's own measure: Adjusted EBITDA margin, FY2025

    2.9%

    Lyft divides Adjusted EBITDA by Gross Bookings, not by revenue. It was 3.6% in Q3 FY2026. Lyft set a 2027 target of about 4% at its Jun 6, 2024 investor day.

  • Official (GAAP)

    No official figure measures this; it is the company's own operating measure.

    Company's own measure: Rides, FY2025

    945.5 million

    Lyft's count of completed rides. It was 828.3 million in FY2024 and 273.5 million in Q3 FY2026.

  • Official (GAAP)

    No official figure measures this; it is the company's own operating measure.

    Company's own measure: Active Riders, Q3 FY2026

    31.6 million

    Unique riders with at least one ride in the quarter, redefined in Q1 FY2025 without restating earlier periods. It was 28.7 million in Q3 FY2025.

These are the company's own measures, defined by the company. They are not comparable across companies, and they are not added together. Each sits beside the nearest official (GAAP) figure.

Learn: Non-GAAP measures: what a company's "adjusted" numbers leave out · Stock-based compensation and dilution: pay that becomes shares

Sources (5)
18Financial strength and debt

18Financial strength · Sep 30, 2026

How much debt does Lyft have?

At Sep 30, 2026 Lyft's cash and short-term investments of $1,904.9 million exceeded its $1,052.0 million of debt by $852.9 million; its insurance reserves were $2,302.9 million.
  • Total debt$1.1B
  • Cash and investments$1.9B
  • Net cash (cash minus debt)$853M
  • Net worth (shareholders' money)$3.0B
Debt to equity
0.35×
$ of debt for every $1 of shareholders' money
  • Cash and short-term investments are $1,308.9 million of cash and $596.0 million of short-term investments. Net cash is a Cityfort calculation from the Q3 FY2026 10-Q.
  • Debt is carrying value: $454.2 million of 0.625% convertible notes due 2029, $490.3 million of 0% convertible notes due 2030, and $107.5 million of Flexdrive vehicle loans.
  • Restricted cash of $833.4 million and restricted investments of $1,313.2 million mostly back insurance and are not counted as cash.
  • A $420 million revolving credit line, maturing Nov 3, 2027, was undrawn; $54.3 million of letters of credit were issued under it.
  • Deferred tax assets were $2,871.3 million, mostly from the FY2025 tax release. No interest-cover figure is shown because Lyft had an operating loss in FY2025.
Sources (3)
19Who owns it

19Who owns it · ownership as of Mar 15, 2026

Who owns Lyft?

Lyft has one class of stock with one vote per share. Each holder's % is on its own filing's share count and date, so the rows are not added together. The 10 directors and officers held 3,562,142 shares at Mar 15, 2026, less than 1% in the proxy; 0.92% is a Cityfort calculation from the 2026 proxy statement.
Officers and directors (as a group), shares
0.9%
Share classes
Lyft share classes: shares outstanding (millions) and votes per share
ClassShares (millions)Votes per shareHeld by% of shares% of votesTraded
Class A common stock (Shares outstanding on Oct 30, 2026 (10-Q cover). The founders' Class B shares, 20 votes each, converted one for one on Aug 15, 2025; the charter dropped Class B on Jun 3, 2026.)377.91–100.0%100.0%Yes
Holders of 5% or more
Lyft holders of 5% or more, from the proxy statement or later Schedule 13G filings; each row shows its own date
HolderSharesVotesAs ofSourceNote
Ameriprise Financial16.2%–Jun 30, 2026S35, S22Schedule 13G/A filed Jul 8, 2026: 61,334,158 shares. The proxy showed 8.3% from a November 2025 filing.
BlackRock11.7%–Mar 31, 2026S34, S22Schedule 13G filed Apr 7, 2026: 46,704,369 shares. BlackRock also manages Lyft's investment portfolio.
Millennium Management6.2%–Mar 15, 2026S22Proxy figure, from a Schedule 13G filed Feb 19, 2026: 24,276,458 shares.
Vanguard Capital Management5.1%–Mar 31, 2026S38, S36Schedule 13G filed Apr 30, 2026: 20,275,035 shares. The Vanguard Group reported 0 shares after an internal realignment; its units now report separately.
Vanguard Portfolio Management4.9%–Jun 30, 2026S37Under 5%. Schedule 13G/A filed Jul 31, 2026: 18,746,826 shares.
FMR (Fidelity)3.0%–Jun 30, 2026S40, S22Under 5%. Schedule 13G/A filed Aug 6, 2026: 11,345,627 shares. The proxy showed 5.4%.
AQR Capital Management3.0%–Mar 31, 2026S39, S22Under 5%. Schedule 13G/A filed May 15, 2026: 11,859,729 shares. The proxy showed 6.2%.

From the company's proxy statement (DEF 14A), later Schedule 13G filings and the share counts on its latest annual or quarterly report. Each holder row shows the date of its own filing.

Learn: How to read a proxy statement (DEF 14A): Nvidia's 2026 proxy · Form 4 insider filings: who files, the codes and the footnotes

Sources (11)
20What it does with profit

20What it does with profit

What does Lyft do with its profit?

Lyft has never declared or paid a dividend and does not expect to. Its board authorized a $1.0 billion buyback program in February 2026; $800 million was left at Sep 30, 2026. Management said on Nov 5, 2026 that it expects about $500 million of buybacks in 2026. Lyft also issued $460 million of 0.625% convertible notes due 2029 in February 2024.

  • Buyback · Dec 31, 2024

    Repurchases of Class A stock in FY2024

    $50M

  • Buyback · Dec 31, 2025

    Repurchases of Class A stock in FY2025

    $500M

  • Buyback · Sep 30, 2026

    Repurchases in the first nine months of 2026: 31.6 million shares

    $450M

  • Money raised · Sep 5, 2025

    0% convertible senior notes due 2030, with capped call transactions

    $500M

Sources (3)
21Governance signals

21Governance signals

What do Lyft's governance filings show?

Auditor
PricewaterhouseCoopers LLP, since 2015
Auditor changes
None in the period covered
Audit qualifications
None reported
Related-party dealings
Lyft's 2026 proxy reports that AQR entities bought $2.0 million of its 2030 notes, and BlackRock, a large holder, manages Lyft's investment portfolio for $0.8 million of fees in 2025. In 2025 Lyft paid Alaska Airlines $3.2 million and received $0.16 million under a partnership; Alaska Air Group's CEO joined Lyft's board in July 2026.
Credit rating
Not checked for this page

Flags to know about

  • disclosure · Nov 6, 2026

    No credit rating found

    No rating from S&P, Moody's or Fitch was found in Lyft's FY2025 10-K, Q3 FY2026 10-Q, 2030 notes 8-K or investor relations site, or in searches of the three agencies' websites on Nov 6, 2026. The 2030 notes were sold to institutional buyers with no rating named.

  • other · Sep 30, 2026

    California driver-classification settlement

    Lyft agreed on Sep 30, 2026, subject to court approval, to settle the California driver-classification case for $272.5 million, including fees. If approved, it can be paid over up to four years; a second approval hearing is set for Nov 20, 2026. Lyft had accrued $210 million in Q4 FY2025.

  • regulatory

    Agency matters in the 10-Q

    The Q3 FY2026 10-Q reports a September 2026 notice from the US Department of Justice of alleged violations of Title III of the Americans with Disabilities Act, New Jersey and New York unemployment-insurance audits, and a UK VAT dispute with HMRC.

  • disclosure

    What Lyft does not report

    Lyft reports one segment, with no revenue or profit by product. It gives no organic growth figure after the Freenow, TBR and Gett UK purchases, and no market share.

  • other

    Shares as loan collateral

    Lyft's insider trading policy bars hedging and using Lyft shares as collateral for loans.

  • other

    Board structure and pay vote

    Directors are elected in three classes for three-year terms. At the 2026 annual meeting, 244.6 million votes were cast for executive pay and 18.9 million against.

Sources (7)
22What the market paid

22What the market paid · price as of Nov 5, 2026

What did the market pay for Lyft on Nov 5, 2026?

Price as of Nov 5, 2026 (shown for education; prices change daily).

Price as of Nov 5, 2026: Lyft closed at $17.84 on Nasdaq. Times 377.9 million shares (Oct 30, 2026) that is a market value of about $6.74 billion (Cityfort calculation from the Nov 5, 2026 Nasdaq closing price and the Q3 FY2026 10-Q). P/B is market value ÷ stockholders' equity of $2,980.9 million at Sep 30, 2026: 2.26. P/E is not shown: net income for the four quarters to Sep 30, 2026 includes the $2.9 billion tax benefit, and Lyft did not state Q4 FY2025 earnings per share. EV/EBITDA is not shown because operating income plus depreciation and amortization for those four quarters was negative.

Share price
$17.84
Market value (market cap)
$6.7B
P/B
2.3×

More price-based ratios · as of Nov 5, 2026

Each ratio divides a number from the company's filings by the market value or share price on Nov 5, 2026. Prices change daily, so these ratios do too.

Shares used for the market value: 377.9 million ($17.84 × 377.9 million shares ≈ $6.7B). Source: Form 10-Q for Q3 fiscal 2026; 8-K filed Aug 14, 2025: Class B conversion, founders leave the board, new chair; 8-K filed Jun 4, 2026: 2026 annual meeting results and charter amendments

Source: LYFT historical daily prices, Oct 28 to Nov 5, 2026 (close of Nov 5, 2026: $17.84); Form 10-Q for Q3 fiscal 2026; Q3 2026 earnings release (8-K Exhibit 99.1) and 1 more

Sources (12)
23How it got here

23How it got here

How did Lyft get here?

  1. 2007

    Milestone

    Incorporated

    Incorporated in 2007 as Bounder Web, Inc., and renamed Zimride, Inc. in 2008.

  2. 2012

    Business-model change

    Lyft launched

    Lyft was founded in 2012. The company became Lyft, Inc. in 2013 after selling the Zimride assets.

  3. 2019

    Milestone

    Public listing

    Lyft's IPO registration statement was amended on Mar 18, 2019; its Class A shares trade on the Nasdaq Global Select Market.

  4. 2023

    Crisis

    Job cuts and a new CEO

    An April 2023 restructuring cut about 1,072 jobs, 26% of staff, at a cost of $63.3 million. David Risher became CEO in 2023.

  5. 2024

    Milestone

    2027 targets

    At its Jun 6, 2024 investor day Lyft set targets for Gross Bookings, Adjusted EBITDA and free cash flow through 2027.

  6. 2025

    Business-model change

    Into Europe

    Lyft bought Freenow on Jul 31, 2025 for €204.1 million ($234.8 million) and TBR Global Chauffeuring on Oct 14, 2025 for €86.4 million ($115.2 million).

  7. 2025

    Business-model change

    One share class

    On Aug 15, 2025 the founders' Class B shares, 20 votes each, became ordinary shares. Founders Logan Green and John Zimmer left the board.

  8. 2025

    Milestone

    Tax benefit

    In Q4 FY2025 Lyft released a $2.9 billion valuation allowance on US federal and certain state deferred tax assets, turning a pre-tax loss into net income.

  9. 2026

    Business-model change

    Waymo on the Lyft app

    Waymo's self-driving rides went live on the Lyft app in Nashville in September 2026, management said.

  10. 2026

    Crisis

    California settlement

    On Sep 30, 2026 Lyft agreed, subject to court approval, to settle the California driver-classification case for $272.5 million.

Sources (6)

24Sources and changes

Where every number on this page comes from

Sources (38 documents)
  1. S1Form 10-K for fiscal year 2025 · Lyft, Inc. (SEC EDGAR) · Tier 1: company or exchange filing · Feb 11, 2026
  2. S3Form 10-K for fiscal year 2023 · Lyft, Inc. (SEC EDGAR) · Tier 1: company or exchange filing · Feb 20, 2024
  3. S4Form 10-K for fiscal year 2022 · Lyft, Inc. (SEC EDGAR) · Tier 1: company or exchange filing · Feb 27, 2023
  4. S6Form 10-Q for Q3 fiscal 2026 · Lyft, Inc. (SEC EDGAR) · Tier 1: company or exchange filing · Nov 6, 2026
  5. S7Form 10-Q for Q2 fiscal 2026 · Lyft, Inc. (SEC EDGAR) · Tier 1: company or exchange filing · Aug 7, 2026
  6. S8Form 10-Q for Q1 fiscal 2026 · Lyft, Inc. (SEC EDGAR) · Tier 1: company or exchange filing · May 8, 2026
  7. S9Form 10-Q for Q3 fiscal 2025 · Lyft, Inc. (SEC EDGAR) · Tier 1: company or exchange filing · Nov 5, 2025
  8. S10Form 10-Q for Q2 fiscal 2025 · Lyft, Inc. (SEC EDGAR) · Tier 1: company or exchange filing · Aug 7, 2025
  9. S11Form 10-Q for Q1 fiscal 2025 · Lyft, Inc. (SEC EDGAR) · Tier 1: company or exchange filing · May 9, 2025
  10. S12Form 10-Q for Q3 fiscal 2024 · Lyft, Inc. (SEC EDGAR) · Tier 1: company or exchange filing · Nov 7, 2024
  11. S13Q3 2026 earnings release (8-K Exhibit 99.1) · Lyft, Inc. (SEC EDGAR) · Tier 1: company or exchange filing · Nov 5, 2026
  12. S14Q2 2026 earnings release (8-K Exhibit 99.1) · Lyft, Inc. (SEC EDGAR) · Tier 1: company or exchange filing · Aug 6, 2026
  13. S15Q1 2026 earnings release (8-K Exhibit 99.1) · Lyft, Inc. (SEC EDGAR) · Tier 1: company or exchange filing · May 7, 2026
  14. S16Q4 and full-year 2025 earnings release (8-K Exhibit 99.1) · Lyft, Inc. (SEC EDGAR) · Tier 1: company or exchange filing · Feb 10, 2026
  15. S17Q3 2025 earnings release (8-K Exhibit 99.1) · Lyft, Inc. (SEC EDGAR) · Tier 1: company or exchange filing · Nov 5, 2025
  16. S18Q2 2025 earnings release (8-K Exhibit 99.1) · Lyft, Inc. (SEC EDGAR) · Tier 1: company or exchange filing · Aug 6, 2025
  17. S19Q1 2025 earnings release (8-K Exhibit 99.1) · Lyft, Inc. (SEC EDGAR) · Tier 1: company or exchange filing · May 8, 2025
  18. S20Q4 and full-year 2024 earnings release (8-K Exhibit 99.1) · Lyft, Inc. (SEC EDGAR) · Tier 1: company or exchange filing · Feb 11, 2025
  19. S21Q3 2024 earnings release (8-K Exhibit 99.1) · Lyft, Inc. (SEC EDGAR) · Tier 1: company or exchange filing · Nov 6, 2024
  20. S222026 proxy statement (DEF 14A) · Lyft, Inc. (SEC EDGAR) · Tier 1: company or exchange filing · Apr 10, 2026
  21. S238-K filed Jun 6, 2024: Investor Day press release with 2027 financial targets (Exhibit 99.1) · Lyft, Inc. (SEC EDGAR) · Tier 1: company or exchange filing · Jun 6, 2024
  22. S258-K filed Aug 14, 2025: Class B conversion, founders leave the board, new chair · Lyft, Inc. (SEC EDGAR) · Tier 1: company or exchange filing · Aug 14, 2025
  23. S268-K filed Sep 5, 2025: $500 million 0% convertible senior notes due 2030 · Lyft, Inc. (SEC EDGAR) · Tier 1: company or exchange filing · Sep 5, 2025
  24. S278-K filed Jan 27, 2026: Deborah Hersman joins the board · Lyft, Inc. (SEC EDGAR) · Tier 1: company or exchange filing · Jan 27, 2026
  25. S288-K filed Jun 4, 2026: 2026 annual meeting results and charter amendments · Lyft, Inc. (SEC EDGAR) · Tier 1: company or exchange filing · Jun 4, 2026
  26. S298-K filed Jul 27, 2026: Ben Minicucci joins the board · Lyft, Inc. (SEC EDGAR) · Tier 1: company or exchange filing · Jul 27, 2026
  27. S308-K filed Sep 9, 2026: Michael Brous named CFO, Erin Brewer retires as CFO · Lyft, Inc. (SEC EDGAR) · Tier 1: company or exchange filing · Sep 9, 2026
  28. S318-K filed Oct 1, 2026: California driver-classification settlement ($272.5 million) · Lyft, Inc. (SEC EDGAR) · Tier 1: company or exchange filing · Oct 1, 2026
  29. S32Q3 2026 prepared remarks · Lyft, Inc. (investor relations) · Tier 1: company or exchange filing · Nov 5, 2026
  30. S34Schedule 13G by BlackRock, Inc. on Lyft Class A common stock (11.7% at Mar 31, 2026) · BlackRock, Inc. (SEC EDGAR) · Tier 1: company or exchange filing · Apr 7, 2026
  31. S35Schedule 13G/A by Ameriprise Financial, Inc. on Lyft Class A common stock (16.2% at Jun 30, 2026) · Ameriprise Financial, Inc. (SEC EDGAR) · Tier 1: company or exchange filing · Jul 8, 2026
  32. S36Schedule 13G/A by The Vanguard Group on Lyft Class A common stock (internal realignment, 0 shares) · The Vanguard Group (SEC EDGAR) · Tier 1: company or exchange filing · Mar 27, 2026
  33. S37Schedule 13G/A by Vanguard Portfolio Management on Lyft Class A common stock (4.93% at Jun 30, 2026) · Vanguard Portfolio Management (SEC EDGAR) · Tier 1: company or exchange filing · Jul 31, 2026
  34. S38Schedule 13G by Vanguard Capital Management on Lyft Class A common stock (5.09% at Mar 31, 2026) · Vanguard Capital Management (SEC EDGAR) · Tier 1: company or exchange filing · Apr 30, 2026
  35. S39Schedule 13G/A by AQR Capital Management on Lyft Class A common stock (2.98% at Mar 31, 2026) · AQR Capital Management (SEC EDGAR) · Tier 1: company or exchange filing · May 15, 2026
  36. S40Schedule 13G/A by FMR LLC on Lyft Class A common stock (3.0% at Jun 30, 2026) · FMR LLC (SEC EDGAR) · Tier 1: company or exchange filing · Aug 6, 2026
  37. S43LYFT historical daily prices, Oct 28 to Nov 5, 2026 (close of Nov 5, 2026: $17.84) · Nasdaq, Inc. · Tier 1: company or exchange filing · Nov 5, 2026
  38. S44Uber Technologies, Inc. Form 10-K for fiscal year 2025 (competitor's revenue) · Uber Technologies, Inc. (SEC EDGAR) · Tier 1: company or exchange filing · Feb 13, 2026
Changes to this page (v1 · Nov 6, 2026)
  1. v1 · Nov 6, 2026First version, through Q3 FY2026 (quarter ended Sep 30, 2026). The Q4 FY2026 results date is not announced. (first version)

Numbers come only from tier 1 and tier 2 sources. Read how we research.

Disclaimer

For learning only. Cityfort is not a registered investment adviser or broker-dealer and does not recommend buying or selling any security. Prices shown are dated and may be out of date.

Investing in securities involves risk, including loss of capital. Before making any investment decision, do your own research and consider consulting a registered investment adviser or other qualified professional.

Cityfort, its owners and contributors may or may not hold securities of companies covered. Cityfort is not paid by any company it covers. Content is not an offer or solicitation to buy or sell any security, including in any initial public offering.

Read the positions policy
Read the full disclaimer

Cityfort publishes general educational content that explains how listed companies work. Cityfort is not registered with the US Securities and Exchange Commission or any state securities regulator as an investment adviser, and is not a broker-dealer or a member of FINRA. Cityfort does not provide investment, tax or legal advice, recommendations, ratings, price targets or any opinion on whether to buy, sell or hold any security. Nothing on the site is tailored to any person's circumstances.

All information is taken from publicly available sources, mainly company filings with the SEC, which are listed on each page with dates. We work to keep it accurate and correct errors publicly, but we do not guarantee that it is complete, accurate or up to date. Any market price or price-based ratio shown is dated, may be out of date by the time you read it, and is included only to explain concepts.

Statements by company management, including forward-looking statements and guidance, are reported as the company's statements, with their date and source; they are not our forecasts. Adjusted (non-GAAP) figures are the company's own measures and are shown next to the official (GAAP) figures.