Uber Technologies Financials
This page shows Uber Technologies (UBER) financial statements, including the 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).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Uber Technologies has an operating margin of 10.7%, meaning the company retains $11 of operating profit per $100 of revenue. This results in a moderate score of 53/100, indicating healthy but not exceptional operating efficiency. This is up from 6.4% the prior year.
Uber Technologies's revenue surged 18.3% year-over-year to $52.0B, reflecting rapid business expansion. This strong growth earns a score of 81/100.
Uber Technologies carries a low D/E ratio of 0.39, meaning only $0.39 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 97/100, indicating a strong balance sheet with room for future borrowing.
Uber Technologies's current ratio of 1.14 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 25/100, which could limit financial flexibility.
Uber Technologies converts 18.8% of revenue into free cash flow ($9.8B). This strong cash generation earns a score of 94/100.
Uber Technologies earns a strong 37.2% return on equity (ROE), meaning it generates $37 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 100/100. This is down from 45.7% the prior year.
Uber Technologies scores 3.60, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($150.1B) relative to total liabilities ($33.7B). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Uber Technologies passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Uber Technologies generates $1.00 in operating cash flow ($10.1B OCF vs $10.1B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Uber Technologies earns $12.6 in operating income for every $1 of interest expense ($5.6B vs $440.0M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Uber Technologies generated $52.0B in revenue in fiscal year 2025. This represents an increase of 18.3% from the prior year.
Uber Technologies's EBITDA was $6.3B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 79.0% from the prior year.
Uber Technologies generated $9.8B in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 41.6% from the prior year.
Uber Technologies reported $10.1B in net income in fiscal year 2025. This represents an increase of 2.0% from the prior year.
Uber Technologies earned $4.73 per diluted share (EPS) in fiscal year 2025. This represents an increase of 3.7% from the prior year.
Uber Technologies held $7.1B in cash against $10.5B in long-term debt as of fiscal year 2025.
Uber Technologies paid $0.00 per share in dividends in fiscal year 2025.
Uber Technologies had 2.06B shares outstanding in fiscal year 2025. This represents a decrease of 1.5% from the prior year.
Uber Technologies's gross margin was 39.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.4 percentage points from the prior year.
Uber Technologies's operating margin was 10.7% in fiscal year 2025, reflecting core business profitability. This is up 4.3 percentage points from the prior year.
Uber Technologies's net profit margin was 19.3% in fiscal year 2025, showing the share of revenue converted to profit. This is down 3.1 percentage points from the prior year.
Uber Technologies's ROE was 37.2% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 8.5 percentage points from the prior year.
Uber Technologies invested $3.4B in research and development in fiscal year 2025. This represents an increase of 9.4% from the prior year.
Uber Technologies spent $6.5B on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 421.0% from the prior year.
Uber Technologies invested $336.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 38.8% from the prior year.
UBER Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $14.4B+6.7% | $13.5B+6.5% | $12.7B+9.7% | $11.5B-3.6% | $12.0B+6.9% | $11.2B+4.6% | $10.7B+5.6% | $10.1B |
| Cost of Revenue | $8.7B+7.1% | $8.1B+6.5% | $7.6B+9.7% | $6.9B-4.1% | $7.2B+7.0% | $6.8B+4.2% | $6.5B+5.2% | $6.2B |
| Gross Profit | $5.7B+6.1% | $5.4B+6.3% | $5.0B+9.7% | $4.6B-2.7% | $4.7B+6.7% | $4.4B+5.1% | $4.2B+6.3% | $4.0B |
| R&D Expenses | $885.0M+2.7% | $862.0M+2.6% | $840.0M+3.1% | $815.0M+3.8% | $785.0M+1.4% | $774.0M+1.8% | $760.0M-3.8% | $790.0M |
| SG&A Expenses | $732.0M-38.1% | $1.2B+76.8% | $669.0M+1.8% | $657.0M-41.0% | $1.1B+76.8% | $630.0M-8.2% | $686.0M-43.3% | $1.2B |
| Operating Income | $1.8B+59.4% | $1.1B-23.2% | $1.4B+18.1% | $1.2B+59.5% | $770.0M-27.4% | $1.1B+33.3% | $796.0M+362.8% | $172.0M |
| Interest Expense | $115.0M+2.7% | $112.0M+3.7% | $108.0M+2.9% | $105.0M-10.3% | $117.0M-8.6% | $128.0M0.0% | $128.0M+3.2% | $124.0M |
| Income Tax | -$40.0M+99.0% | -$4.0B-2949.3% | $142.0M+135.3% | -$402.0M+93.3% | -$6.0B-3898.7% | $158.0M+177.2% | $57.0M+96.6% | $29.0M |
| Net Income | $296.0M-95.5% | $6.6B+389.0% | $1.4B-23.7% | $1.8B-74.2% | $6.9B+163.5% | $2.6B+157.3% | $1.0B+255.2% | -$654.0M |
| EPS (Diluted) | $0.16-94.9% | $3.11+393.7% | $0.63-24.1% | $0.83-74.1% | $3.21+167.5% | $1.20+155.3% | $0.47+246.9% | $-0.32 |
UBER Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $61.8B-2.4% | $63.3B+13.2% | $56.0B+6.0% | $52.8B+3.1% | $51.2B+8.8% | $47.1B+13.5% | $41.5B+4.8% | $39.6B |
| Current Assets | $14.0B-7.6% | $15.1B+7.3% | $14.1B+14.2% | $12.3B+0.9% | $12.2B-20.1% | $15.3B+22.8% | $12.5B+3.4% | $12.1B |
| Cash & Equivalents | $7.1B-15.7% | $8.4B+31.0% | $6.4B+25.4% | $5.1B-12.9% | $5.9B-4.2% | $6.2B+36.8% | $4.5B-10.4% | $5.0B |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $3.8B+1.4% | $3.8B+0.1% | $3.8B+8.0% | $3.5B+4.7% | $3.3B-10.4% | $3.7B-1.7% | $3.8B+2.0% | $3.7B |
| Goodwill | $8.9B+0.2% | $8.9B+0.1% | $8.9B+10.4% | $8.1B0.0% | $8.1B-0.2% | $8.1B0.0% | $8.1B-0.1% | $8.1B |
| Total Liabilities | $33.7B-1.4% | $34.2B+5.7% | $32.4B+8.1% | $29.9B+4.0% | $28.8B-5.9% | $30.6B+10.3% | $27.7B+2.3% | $27.1B |
| Current Liabilities | $12.3B-6.1% | $13.1B+3.4% | $12.7B+4.7% | $12.1B+5.6% | $11.5B+5.9% | $10.8B+5.0% | $10.3B+3.3% | $10.0B |
| Long-Term Debt | $10.5B-0.9% | $10.6B+10.8% | $9.6B+14.7% | $8.3B0.0% | $8.3B-24.0% | $11.0B+16.2% | $9.5B0.0% | $9.5B |
| Total Equity | $27.0B-3.9% | $28.1B+24.5% | $22.6B+2.8% | $22.0B+1.9% | $21.6B+45.9% | $14.8B+19.7% | $12.3B+11.7% | $11.1B |
| Retained Earnings | -$10.6B+2.8% | -$10.9B+37.8% | -$17.6B+7.1% | -$18.9B+8.6% | -$20.7B+25.0% | -$27.6B+8.6% | -$30.2B+3.2% | -$31.2B |
UBER Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $2.9B+23.8% | $2.3B-9.2% | $2.6B+10.3% | $2.3B+32.8% | $1.8B-18.6% | $2.2B+18.2% | $1.8B+28.5% | $1.4B |
| Capital Expenditures | $75.0M-23.5% | $98.0M+10.1% | $89.0M+20.3% | $74.0M+68.2% | $44.0M+4.8% | $42.0M-57.6% | $99.0M+73.7% | $57.0M |
| Free Cash Flow | $2.8B+25.9% | $2.2B-9.9% | $2.5B+10.0% | $2.3B+31.9% | $1.7B-19.1% | $2.1B+22.5% | $1.7B+26.6% | $1.4B |
| Investing Cash Flow | -$1.6B-3145.3% | $53.0M+103.6% | -$1.5B-169.6% | -$542.0M-137.8% | $1.4B+153.2% | -$2.7B-60.6% | -$1.7B-592.6% | -$242.0M |
| Financing Cash Flow | -$3.1B-479.6% | -$538.0M-175.9% | -$195.0M+89.5% | -$1.9B+45.2% | -$3.4B-312.2% | $1.6B+938.2% | -$191.0M-91.0% | -$100.0M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $1.9B+30.7% | $1.5B+7.3% | $1.4B-23.6% | $1.8B+221.6% | $555.0M+49.2% | $372.0M+14.5% | $325.0M | $0 |
UBER Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 39.6%-0.2pp | 39.8%-0.1pp | 39.8%-0.0pp | 39.9%+0.3pp | 39.5%-0.1pp | 39.6%+0.2pp | 39.4%+0.2pp | 39.1% |
| Operating Margin | 12.3%+4.1pp | 8.3%-3.2pp | 11.5%+0.8pp | 10.7%+4.2pp | 6.4%-3.0pp | 9.5%+2.0pp | 7.4%+5.7pp | 1.7% |
| Net Margin | 2.1%-47.1pp | 49.2%+38.5pp | 10.7%-4.7pp | 15.4%-42.1pp | 57.6%+34.2pp | 23.4%+13.9pp | 9.5%+16.0pp | -6.5% |
| Return on Equity | 1.1%-22.5pp | 23.5%+17.5pp | 6.0%-2.1pp | 8.1%-23.8pp | 31.9%+14.3pp | 17.7%+9.4pp | 8.2% | N/A |
| Return on Assets | 0.5%-10.0pp | 10.5%+8.0pp | 2.4%-0.9pp | 3.4%-10.1pp | 13.4%+7.9pp | 5.5%+3.1pp | 2.4%+4.1pp | -1.7% |
| Current Ratio | 1.14-0.0 | 1.15+0.0 | 1.11+0.1 | 1.02-0.0 | 1.07-0.3 | 1.42+0.2 | 1.210.0 | 1.21 |
| Debt-to-Equity | 0.39+0.0 | 0.38-0.0 | 0.42+0.0 | 0.380.0 | 0.39-0.4 | 0.74-0.0 | 0.77-0.1 | 0.86 |
| FCF Margin | 19.6%+3.0pp | 16.6%-3.0pp | 19.6%+0.1pp | 19.5%+5.2pp | 14.3%-4.6pp | 18.9%+2.8pp | 16.1%+2.7pp | 13.4% |
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Frequently Asked Questions
What is Uber Technologies's annual revenue?
Uber Technologies (UBER) reported $52.0B in total revenue for fiscal year 2025. This represents a 18.3% 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 Uber Technologies's revenue growing?
Uber Technologies (UBER) revenue grew by 18.3% year-over-year, from $44.0B to $52.0B in fiscal year 2025.
Is Uber Technologies profitable?
Yes, Uber Technologies (UBER) reported a net income of $10.1B in fiscal year 2025, with a net profit margin of 19.3%.
What is Uber Technologies's earnings per share (EPS)?
Uber Technologies (UBER) reported diluted earnings per share of $4.73 for fiscal year 2025. This represents a 3.7% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Uber Technologies's EBITDA?
Uber Technologies (UBER) had EBITDA of $6.3B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Uber Technologies have?
As of fiscal year 2025, Uber Technologies (UBER) had $7.1B in cash and equivalents against $10.5B in long-term debt.
What is Uber Technologies's gross margin?
Uber Technologies (UBER) had a gross margin of 39.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Uber Technologies's operating margin?
Uber Technologies (UBER) had an operating margin of 10.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Uber Technologies's net profit margin?
Uber Technologies (UBER) had a net profit margin of 19.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Uber Technologies's return on equity (ROE)?
Uber Technologies (UBER) has a return on equity of 37.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Uber Technologies's free cash flow?
Uber Technologies (UBER) generated $9.8B in free cash flow during fiscal year 2025. This represents a 41.6% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Uber Technologies's operating cash flow?
Uber Technologies (UBER) generated $10.1B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Uber Technologies's total assets?
Uber Technologies (UBER) had $61.8B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Uber Technologies's capital expenditures?
Uber Technologies (UBER) invested $336.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Uber Technologies spend on research and development?
Uber Technologies (UBER) invested $3.4B in research and development during fiscal year 2025.
Does Uber Technologies buy back shares?
Yes, Uber Technologies (UBER) spent $6.5B on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
How many shares does Uber Technologies have outstanding?
Uber Technologies (UBER) had 2.06B shares outstanding as of fiscal year 2025.
What is Uber Technologies's current ratio?
Uber Technologies (UBER) had a current ratio of 1.14 as of fiscal year 2025, which is considered adequate.
What is Uber Technologies's debt-to-equity ratio?
Uber Technologies (UBER) had a debt-to-equity ratio of 0.39 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Uber Technologies's return on assets (ROA)?
Uber Technologies (UBER) had a return on assets of 16.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Uber Technologies's Altman Z-Score?
Uber Technologies (UBER) has an Altman Z-Score of 3.60, placing it in the Safe Zone (low 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 Uber Technologies's Piotroski F-Score?
Uber Technologies (UBER) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Uber Technologies's earnings high quality?
Uber Technologies (UBER) has an earnings quality ratio of 1.00x, considered cash-backed (high quality). 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 Uber Technologies cover its interest payments?
Uber Technologies (UBER) has an interest coverage ratio of 12.6x, meaning it can comfortably cover its interest obligations. 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 Uber Technologies?
Uber Technologies (UBER) scores 75 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.