Uber Technologies (UBER)
What the price implies
A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.
At a market value of $139.5B, Uber Technologies's free cash flow of $9.8B (fiscal 2025) would need to grow about 1% a year for the stock to be worth today's price. That is slower than the company has grown its free cash flow over the last 3 years.
Assumes a 9% discount rate and 3% growth after year 10, on free cash flow (operating cash flow minus capital spending) from Uber Technologies's SEC filings. Change any assumption, or model revenue and margins instead, in the Modeling tab, or try your own numbers in the reverse DCF calculator.
Fundamental grade
Five factors scored 1 to 9 from UBER's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.
Key numbers
Results from SEC filings
Fiscal years, from Uber Technologies's 10-K filings. The deep dive has 15+ years, quarters and every line.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $17.5B | $31.9B | $37.3B | $44.0B | $52.0B |
| Net income | -$496M | -$9.1B | $1.9B | $9.9B | $10.1B |
| Free cash flow | -$743M | $390M | $3.4B | $6.9B | $9.8B |
| EPS (diluted) | -$0.29 | -$4.65 | $0.87 | $4.56 | $4.73 |
| Operating margin | -22.0% | -5.7% | 3.0% | 6.4% | 10.7% |
Where the revenue comes from
Revenue by segments, fiscal 2025.
Superinvestors who own UBER
From each investor's latest 13F filing (what a 13F shows). 14 of the investors we track hold it.
| Investor | Last quarter | Value | % of portfolio | Quarter |
|---|---|---|---|---|
| Bill Ackman Pershing Square Capital Management |
Trimmed | $2.2B | 15.7% | Q1 2026 |
| David Tepper Appaloosa Management |
Added | $555M | 7.2% | Q2 2026 |
| Hersh Cohen ClearBridge Investments |
Trimmed | $393M | 0.32% | Q2 2026 |
| Andrew Wellington Lyrical Asset Management |
Trimmed | $235M | 3.0% | Q2 2026 |
| Cliff Asness AQR Capital Management |
Trimmed | $154M | 0.05% | Q2 2026 |
| Larry Robbins Glenview Capital Management |
Added | $129M | 2.4% | Q2 2026 |
| Steven Romick First Pacific Advisors |
Added | $70M | 0.88% | Q2 2026 |
| Joel Greenblatt Gotham Asset Management |
Added | $38M | 0.09% | Q2 2026 |
| PRIMECAP Management PRIMECAP Management Co |
Trimmed | $30M | 0.02% | Q2 2026 |
| Eric Marshall Hodges Capital Management |
Trimmed | $26M | 1.7% | Q2 2026 |
| Chase Coleman Tiger Global Management |
Held | $11M | 0.04% | Q2 2026 |
| Tom Gayner Markel Group Inc. |
Held | $10M | 0.08% | Q2 2026 |
Insider buying
Open-market purchases by Uber Technologies's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you.
| Date | Insider | Shares | Price | Value |
|---|---|---|---|---|
| Sep 10, 2026 | Dara Khosrowshahi Chief Executive Officer |
141,000 | $70.96 | $10M |
| Sep 4, 2026 | Andrew Macdonald Officer |
54,325 | $75.65 | $4M |
| Sep 4, 2026 | Andrew Macdonald Officer |
15,675 | $76.44 | $1M |
| Mar 30, 2026 | Ro Khanna |
0 | $69.76 | — |
| Mar 30, 2026 | Ro Khanna |
0 | $69.76 | — |
| Mar 23, 2026 | Ro Khanna |
0 | $75.12 | — |
| Mar 23, 2026 | Ro Khanna |
0 | $75.12 | — |
| Mar 10, 2026 | Ro Khanna |
0 | $72.40 | — |
| Mar 10, 2026 | Ro Khanna |
0 | $72.40 | — |
| Feb 24, 2026 | Balaji (A) Krishnamurthy |
22,453 | $71.25 | $2M |
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In the full deep dive
Questions
What growth does Uber Technologies's stock price imply?
At a market value of $139.5B, Uber Technologies would need its free cash flow to grow about 1% a year for 10 years (discounted at 9%, 3% growth after that) to be worth today's price. Over the last 3 years its free cash flow grew 193% a year.
Are Uber Technologies insiders buying the stock?
10 open-market insider purchases of UBER in the last 12 months, from SEC Form 4 filings.
Which superinvestors own Uber Technologies?
14 of the superinvestors Investingly tracks hold UBER in their latest 13F, including Bill Ackman, David Tepper, Hersh Cohen.
Prices and ratios as of Oct 7, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.