Lyft Inc Financials
Lyft Inc (LYFT) reported $6.3B in revenue for fiscal year 2025, up 9.2% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 9 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Lyft's business has crossed into cash generation, but FY2025 earnings were shaped mainly by a tax benefit rather than operating profit.
Across the last two fiscal years, operating cash flow swung from-$98.2M to$1.17B , showing the business stopped consuming cash well before the income statement looked clean. That matters because operating margin was still-3.0% , so the-$2.90B tax benefit explains why reported profit looked much stronger than core operations.
Gross margin stayed near
Balance-sheet posture is less stretched than it was earlier in the cycle, with debt-to-equity down from 2.1x to 0.3x as equity rebuilt. But the current ratio slipped to 0.6x, so solvency improved faster than near-term liquidity and the company still relies on steady cash turnover.
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Lyft Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Lyft Inc has an operating margin of -3.0%, meaning the company loses $3 on every $100 of revenue. This results in a profitability score of 32/100. This is down from -2.1% the prior year.
Lyft Inc's revenue grew 9.2% year-over-year to $6.3B, a solid pace of expansion. This earns a growth score of 81/100.
Lyft Inc carries a low D/E ratio of 0.31, meaning only $0.31 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 68/100, indicating a strong balance sheet with room for future borrowing.
Lyft Inc's current ratio of 0.65 is below the typical benchmark, resulting in a score of 8/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Not available for Lyft Inc, and counted as zero in the overall score.
Lyft Inc generates a 86.9% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 25/100. This is up from 3.0% the prior year.
Lyft Inc scores -0.05, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($6.6B) relative to total liabilities ($5.8B). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Lyft Inc passes 3 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
For every $1 of reported earnings, Lyft Inc generates $0.41 in operating cash flow ($1.2B OCF vs $2.8B net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Lyft Inc reported an operating loss of $188.4M against $20.8M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Lyft Inc generated $6.3B in revenue in fiscal year 2025. This represents an increase of 9.2% from the prior year.
Lyft Inc's EBITDA was -$53.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 277.3% from the prior year.
Lyft Inc reported $2.8B in net income in fiscal year 2025. This represents an increase of 12382.5% from the prior year.
Lyft Inc earned $6.81 per diluted share (EPS) in fiscal year 2025. This represents an increase of 11250.0% from the prior year.
Cash & Balance Sheet
Lyft Inc held $1.1B in cash against $1.0B in long-term debt as of fiscal year 2025.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
Lyft Inc's gross margin was 41.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 0.8 percentage points from the prior year.
Lyft Inc's operating margin was -3.0% in fiscal year 2025, reflecting core business profitability. This is down 0.9 percentage points from the prior year.
Lyft Inc's net profit margin was 45.0% in fiscal year 2025, showing the share of revenue converted to profit. This is up 44.6 percentage points from the prior year.
Lyft Inc's ROE was 86.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 83.9 percentage points from the prior year.
Capital Allocation
Lyft Inc invested $451.4M in research and development in fiscal year 2025. This represents an increase of 13.7% from the prior year.
Lyft Inc spent $500.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 900.0% from the prior year.
Not reported for fiscal year 2025.
LYFT Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.8B | $6.3B+9.2% | $5.8B+31.4% | $4.4B+7.5% | $4.1B+27.6% | $3.2B+35.7% | $2.4B-34.6% | $3.6B+67.7% | $2.2B+103.5% | $1.1B |
| Cost of Revenue | $3.7B | $3.7B+10.8% | $3.3B+31.2% | $2.5B+4.4% | $2.4B+43.1% | $1.7B+17.6% | $1.4B-33.5% | $2.2B+75.0% | $1.2B+88.5% | $659.5M |
| Gross Profit | $3.1B | $2.6B+7.0% | $2.4B+31.7% | $1.9B+12.1% | $1.7B+10.2% | $1.5B+64.2% | $917.2M-36.3% | $1.4B+57.6% | $913.2M+128.1% | $400.3M |
| R&D Expenses | $473.0M | $451.4M+13.7% | $397.1M-28.6% | $555.9M-35.1% | $856.8M-6.0% | $911.9M+0.3% | $909.1M-39.6% | $1.5B+400.5% | $300.8M+120.2% | $136.6M |
| SG&A Expenses | $1.1B | $1.0B+6.9% | $937.3M+7.6% | $871.1M-32.3% | $1.3B+40.5% | $915.6M-3.2% | $946.1M-20.2% | $1.2B+164.8% | $447.9M+102.3% | $221.4M |
| Operating Income | -$119.7M | -$188.4M-58.4% | -$118.9M+75.0% | -$475.6M+67.4% | -$1.5B-28.5% | -$1.1B+37.2% | -$1.8B+33.1% | -$2.7B-176.4% | -$977.7M-38.0% | -$708.3M |
| Interest Expense | $20.3M | $20.8M-28.2% | $28.9M+10.3% | $26.2M+32.9% | $19.7M-61.8% | $51.6M+58.0% | $32.7M | $0 | $0-100.0% | $20.2M |
| Income Tax | -$2.9B | -$2.9B-113009.4% | $2.6M-70.2% | $8.6M+46.7% | $5.9M-47.7% | $11.2M+125.2% | -$44.5M-1990.2% | $2.4M+219.2% | $738K+32.7% | $556K |
| Net Income | $2.9B | $2.8B+12382.5% | $22.8M+106.7% | -$340.3M+78.5% | -$1.6B-49.2% | -$1.1B+39.4% | -$1.8B+32.6% | -$2.6B-185.5% | -$911.3M-32.4% | -$688.3M |
| EPS (Diluted) | — | $6.81+11250.0% | $0.06+106.8% | -$0.88+80.3% | -$4.47-41.0% | -$3.17+43.5% | -$5.61+51.0% | -$11.44 | N/A | N/A |
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
LYFT Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 |
|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $9.0B+66.1% | $5.4B+19.1% | $4.6B+0.2% | $4.6B-4.6% | $4.8B+2.0% | $4.7B-17.8% | $5.7B+51.4% | $3.8B | N/A |
| Current Assets | $2.9B-1.1% | $3.0B+14.5% | $2.6B-0.2% | $2.6B-7.0% | $2.8B+7.0% | $2.6B-20.1% | $3.2B+39.9% | $2.3B | N/A |
| Cash & Equivalents | $1.1B+49.1% | $759.3M+35.9% | $558.6M+98.7% | $281.1M-38.5% | $457.3M+43.0% | $319.7M-10.8% | $358.3M-30.8% | $517.7M-53.2% | $1.1B |
| Goodwill | $439.8M+74.9% | $251.4M-2.5% | $257.8M-1.4% | $261.6M+44.9% | $180.5M-1.2% | $182.7M+15.1% | $158.7M+4.4% | $152.1M | $0 |
| Total Liabilities | $5.8B+23.3% | $4.7B+16.0% | $4.0B-3.5% | $4.2B+21.4% | $3.4B+14.3% | $3.0B+5.8% | $2.8B-57.2% | $6.6B | N/A |
| Current Liabilities | $4.5B+16.6% | $3.9B+31.0% | $3.0B-5.5% | $3.1B+24.5% | $2.5B+21.3% | $2.1B-15.4% | $2.5B+69.2% | $1.4B | N/A |
| Long-Term Debt | $1.0B+77.1% | $566.0M-32.6% | $839.4M+4.5% | $803.2M+22.6% | $655.2M+1.7% | $644.2M | $0 | N/A | N/A |
| Total Equity | $3.3B+326.8% | $767.0M+41.6% | $541.5M+39.3% | $388.7M-71.0% | $1.3B-20.0% | $1.7B-41.3% | $2.9B+199.4% | -$2.9B-45.1% | -$2.0B |
| Retained Earnings | -$7.4B+27.7% | -$10.3B+0.2% | -$10.3B-3.4% | -$9.9B-18.9% | -$8.4B-14.5% | -$7.3B-31.6% | -$5.5B-88.4% | -$2.9B | N/A |
Not reported in any period shown, so not listed: Inventory, Accounts Receivable.
LYFT Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.2B | $1.2B+37.5% | $849.7M+964.9% | -$98.2M+58.6% | -$237.3M-133.3% | -$101.7M+92.6% | -$1.4B-1204.5% | -$105.7M+62.3% | -$280.7M+28.7% | -$393.5M |
| Investing Cash Flow | -$154.1M | $406.7M+178.5% | -$518.0M-186.4% | $599.8M+222.4% | $186.0M-30.3% | $267.0M-63.9% | $740.4M+146.0% | -$1.6B-54.3% | -$1.0B-5.3% | -$991.4M |
| Financing Cash Flow | -$514.9M | -$685.5M-339.8% | -$155.9M-27.7% | -$122.1M-39.5% | -$87.5M-20.7% | -$72.5M-114.1% | $512.6M-67.4% | $1.6B+84.7% | $852.2M-58.4% | $2.0B |
| Share Buybacks | $700.0M | $500.0M+900.0% | $50.0M | $0 | $0 | N/A | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow, Dividends Paid.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
LYFT Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 |
|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 41.5%-0.8pp | 42.3%+0.1pp | 42.2%+1.7pp | 40.5%-6.4pp | 46.9%+8.1pp | 38.8%-1.0pp | 39.8%-2.5pp | 42.3%+4.6pp | 37.8% |
| Operating Margin | -3.0%-0.9pp | -2.1%+8.7pp | -10.8%+24.8pp | -35.6%-0.3pp | -35.4%+41.1pp | -76.5%-1.7pp | -74.7%-29.4pp | -45.3%+21.5pp | -66.8% |
| Net Margin | 45.0%+44.6pp | 0.4%+8.1pp | -7.7%+31.0pp | -38.7%-5.6pp | -33.1%+41.0pp | -74.1%-2.2pp | -72.0%-29.7pp | -42.3%+22.7pp | -64.9% |
| Return on Equity | 86.9%+83.9pp | 3.0%+65.8pp | -62.8%+344.8pp | -407.7%-328.5pp | -79.2%+25.4pp | -104.6%-13.4pp | -91.2% | N/A | N/A |
| Return on Assets | 31.5%+31.1pp | 0.4%+7.9pp | -7.5%+27.3pp | -34.8%-12.5pp | -22.3%+15.2pp | -37.5%+8.3pp | -45.7%-21.5pp | -24.2% | N/A |
| Current Ratio | 0.65-0.1x | 0.76-0.1x | 0.870.0x | 0.82-0.3x | 1.10-0.1x | 1.25-0.1x | 1.32-0.3x | 1.60 | N/A |
| Debt-to-Equity | 0.31-0.4x | 0.74-0.8x | 1.55-0.5x | 2.07+1.6x | 0.49+0.1x | 0.38+0.4x | 0.00 | N/A | N/A |
Not reported in any period shown, so not listed: FCF Margin.
Note: The current ratio is below 1.0 (0.65), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Where Lyft Inc Ranks
Frequently Asked Questions
What is Lyft Inc's annual revenue?
Lyft Inc (LYFT) reported $6.3B in total revenue for fiscal year 2025. This represents a 9.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Lyft Inc's revenue growing?
Lyft Inc (LYFT) revenue grew by 9.2% year-over-year, from $5.8B to $6.3B in fiscal year 2025.
Is Lyft Inc profitable?
Yes, Lyft Inc (LYFT) reported a net income of $2.8B in fiscal year 2025, with a net profit margin of 45.0%.
What is Lyft Inc's EBITDA?
Lyft Inc (LYFT) had EBITDA of -$53.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Lyft Inc have?
As of fiscal year 2025, Lyft Inc (LYFT) had $1.1B in cash and equivalents against $1.0B in long-term debt.
What is Lyft Inc's gross margin?
Lyft Inc (LYFT) had a gross margin of 41.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Lyft Inc's operating margin?
Lyft Inc (LYFT) had an operating margin of -3.0% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Lyft Inc's net profit margin?
Lyft Inc (LYFT) had a net profit margin of 45.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Lyft Inc's return on equity (ROE)?
Lyft Inc (LYFT) has a return on equity of 86.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Lyft Inc's operating cash flow?
Lyft Inc (LYFT) generated $1.2B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Lyft Inc's total assets?
Lyft Inc (LYFT) had $9.0B in total assets as of fiscal year 2025, including both current and long-term assets.
How much does Lyft Inc spend on research and development?
Lyft Inc (LYFT) invested $451.4M in research and development during fiscal year 2025.
What is Lyft Inc's current ratio?
Lyft Inc (LYFT) had a current ratio of 0.65 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Lyft Inc's debt-to-equity ratio?
Lyft Inc (LYFT) had a debt-to-equity ratio of 0.31 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Lyft Inc's return on assets (ROA)?
Lyft Inc (LYFT) had a return on assets of 31.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Lyft Inc's Altman Z-Score?
Lyft Inc (LYFT) has an Altman Z-Score of -0.05, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Lyft Inc's Piotroski F-Score?
Lyft Inc (LYFT) has a Piotroski F-Score of 3 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Lyft Inc's earnings high quality?
Lyft Inc (LYFT) has an earnings quality ratio of 0.41x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Lyft Inc cover its interest payments?
Lyft Inc (LYFT) reported an operating loss of $188.4M against $20.8M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Lyft Inc?
Lyft Inc (LYFT) scores 36 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.