LYFT (LYFT) financial statements
LYFT reported revenue of $6.3B in fiscal 2025, up 25.0% a year over 8 years.
Net income was $2.8B and the operating margin -3.0%, against -66.8% in 2017.
Free cash flow was $1.1B, and the company returned $500M in net buybacks.
The diluted share count rose 2056% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from LYFT's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.1B | $2.2B | $3.6B | $2.4B | $3.2B | $4.1B | $4.4B | $5.8B | $6.3B |
| Cost of revenue | $660M | $1.2B | $2.2B | $1.4B | $1.7B | $2.4B | $2.5B | $3.3B | $3.7B |
| Gross profit | $400M | $913M | $1.4B | $917M | $1.5B | $1.7B | $1.9B | $2.4B | $2.6B |
| Research and development | $137M | $301M | $1.5B | $909M | $912M | $857M | $556M | $397M | $451M |
| Selling, general and admin | $788M | $1.3B | $2.0B | $1.4B | $1.3B | $1.8B | $1.4B | $1.7B | $1.9B |
| Operating income | -$708M | -$978M | -$2.7B | -$1.8B | -$1.1B | -$1.5B | -$476M | -$119M | -$188M |
| Interest expense | — | $0 | $0 | $33M | $52M | $20M | $26M | $29M | $21M |
| Pre-tax income | -$688M | -$911M | -$2.6B | -$1.8B | -$1.1B | -$1.6B | -$332M | $25M | -$53M |
| Income tax | $556,000 | $738,000 | $2M | -$45M | $11M | $6M | $9M | $3M | -$2.9B |
| Net income | -$688M | -$911M | -$2.6B | -$1.8B | -$1.1B | -$1.6B | -$340M | $23M | $2.8B |
| EPS (diluted) | -$35.53 | -$43.04 | -$11.44 | -$5.61 | -$3.17 | -$4.47 | -$0.88 | $0.06 | $6.81 |
| Diluted shares | 19M | 21M | 227M | 312M | 335M | 355M | 385M | 414M | 418M |
| Gross margin | 37.8% | 42.3% | 39.8% | 38.8% | 46.9% | 40.5% | 42.2% | 42.3% | 41.5% |
| Operating margin | -66.8% | -45.3% | -74.7% | -76.5% | -35.4% | -35.6% | -10.8% | -2.1% | -3.0% |
| Net margin | -64.9% | -42.3% | -72.0% | -74.1% | -33.1% | -38.7% | -7.7% | 0.4% | 45.0% |
Balance sheet
Fiscal years, from LYFT's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $1.1B | $2.0B | $2.9B | $2.3B | $2.3B | $1.8B | $1.7B | $2.0B | $1.8B |
| Total current assets | — | $2.3B | $3.2B | $2.6B | $2.8B | $2.6B | $2.6B | $3.0B | $2.9B |
| Property, plant and equipment | — | $109M | $189M | $313M | $298M | $313M | $466M | $445M | $419M |
| Goodwill | $0 | $152M | $159M | $183M | $181M | $262M | $258M | $251M | $440M |
| Total assets | — | $3.8B | $5.7B | $4.7B | $4.8B | $4.6B | $4.6B | $5.4B | $9.0B |
| Total current liabilities | — | $1.4B | $2.5B | $2.1B | $2.5B | $3.1B | $3.0B | $3.9B | $4.5B |
| Long-term debt | — | — | $0 | $644M | $655M | $803M | $839M | $566M | $1.0B |
| Total liabilities | — | $1.5B | $2.8B | $3.0B | $3.4B | $4.2B | $4.0B | $4.7B | $5.8B |
| Shareholders' equity | -$2.0B | -$2.9B | $2.9B | $1.7B | $1.3B | $389M | $542M | $767M | $3.3B |
| Net debt | -$1.1B | -$518M | -$358M | $360M | $254M | $558M | $307M | -$154M | -$79M |
Cash flow
Fiscal years, from LYFT's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$394M | -$281M | -$106M | -$1.4B | -$102M | -$237M | -$98M | $850M | $1.2B |
| Capital spending | $8M | $69M | $178M | $94M | $79M | $115M | $150M | $83M | $53M |
| Free cash flow | -$401M | -$349M | -$284M | -$1.5B | -$181M | -$352M | -$248M | $766M | $1.1B |
| Stock-based compensation | $10M | $9M | $1.6B | $566M | $725M | $751M | $485M | $331M | $322M |
| Share buybacks (net) | — | — | — | — | — | $0 | $0 | -$50M | -$500M |
| Net borrowing | — | $0 | $0 | -$51M | -$44M | -$68M | -$72M | -$84M | -$62M |
| Free cash flow margin | -37.8% | -16.2% | -7.8% | -62.3% | -5.6% | -8.6% | -5.6% | 13.2% | 17.7% |
Every line, every quarterThe deep dive has fifteen-plus years of statements, quarterly results, charts and valuation models for LYFT.
Open LYFT in InvestinglyQuestions
What was LYFT's revenue in 2025?
$6.3B in fiscal 2025, from its 10-K filing.
How much free cash flow does LYFT generate?
$1.1B in fiscal 2025 (operating cash flow minus capital spending).
From LYFT's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.