Uber Technologies (UBER) financial statements
Uber Technologies reported revenue of $52.0B in fiscal 2025, up 26.5% a year over 8 years.
Net income was $10.1B and the operating margin 10.7%, against -51.4% in 2017.
Free cash flow was $9.8B, and the company returned $6.5B in net buybacks.
The diluted share count rose 397% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Uber Technologies's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7.9B | $10.4B | $13.0B | $11.1B | $17.5B | $31.9B | $37.3B | $44.0B | $52.0B |
| Cost of revenue | $4.2B | $4.8B | $6.1B | $5.2B | $9.4B | $19.7B | $22.5B | $26.7B | $31.3B |
| Gross profit | $3.8B | $5.6B | $6.9B | $6.0B | $8.1B | $12.2B | $14.8B | $17.3B | $20.7B |
| Research and development | $1.2B | $1.5B | $4.8B | $2.2B | $2.1B | $2.8B | $3.2B | $3.1B | $3.4B |
| Selling, general and admin | $4.8B | $5.2B | $7.9B | $6.2B | $7.1B | $7.9B | $7.0B | $8.0B | $8.1B |
| Operating income | -$4.1B | -$3.0B | -$8.6B | -$4.9B | -$3.8B | -$1.8B | $1.1B | $2.8B | $5.6B |
| Interest expense | $479M | $648M | $559M | $458M | $483M | $565M | $633M | $523M | $440M |
| Pre-tax income | -$4.6B | $1.3B | -$8.4B | -$6.9B | -$1.0B | -$9.4B | $2.3B | $4.1B | $5.8B |
| Income tax | -$542M | $283M | $45M | -$192M | -$492M | -$181M | $213M | -$5.8B | -$4.3B |
| Net income | -$4.0B | $997M | -$8.5B | -$6.8B | -$496M | -$9.1B | $1.9B | $9.9B | $10.1B |
| EPS (diluted) | -$9.46 | $0.00 | -$6.81 | -$3.86 | -$0.29 | -$4.65 | $0.87 | $4.56 | $4.73 |
| Diluted shares | 426M | 479M | 1.25B | 1.75B | 1.90B | 1.97B | 2.09B | 2.15B | 2.12B |
| Gross margin | 47.6% | 54.1% | 53.4% | 53.7% | 46.4% | 38.3% | 39.8% | 39.4% | 39.8% |
| Operating margin | -51.4% | -29.1% | -66.1% | -43.7% | -22.0% | -5.7% | 3.0% | 6.4% | 10.7% |
| Net margin | -50.8% | 9.6% | -65.4% | -60.8% | -2.8% | -28.7% | 5.1% | 22.4% | 19.3% |
Balance sheet
Fiscal years, from Uber Technologies's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $4.4B | $6.4B | $11.3B | $6.8B | $4.3B | $4.3B | $5.4B | $7.0B | $7.6B |
| Receivables | — | $919M | $1.2B | $1.1B | $2.4B | $2.8B | $3.4B | $3.3B | $3.8B |
| Total current assets | — | $8.7B | $13.9B | $9.9B | $8.8B | $9.2B | $11.3B | $12.2B | $14.0B |
| Property, plant and equipment | — | $1.6B | $1.7B | $1.8B | $1.9B | $2.1B | $2.1B | $2.0B | $1.9B |
| Goodwill | $39M | $153M | $167M | $6.1B | $8.4B | $8.3B | $8.2B | $8.1B | $8.9B |
| Total assets | — | $24.0B | $31.8B | $33.3B | $38.8B | $32.1B | $38.7B | $51.2B | $61.8B |
| Total current liabilities | — | $4.3B | $5.6B | $6.9B | $9.0B | $8.9B | $9.5B | $11.5B | $12.3B |
| Long-term debt | — | $6.9B | $5.7B | $7.6B | $9.3B | $9.3B | $9.5B | $8.3B | $10.5B |
| Total liabilities | — | $17.2B | $16.6B | $19.5B | $23.4B | $23.6B | $26.0B | $28.8B | $33.7B |
| Shareholders' equity | -$8.6B | -$7.4B | $14.2B | $12.3B | $14.5B | $7.3B | $11.2B | $21.6B | $27.0B |
| Net debt | -$4.4B | $490M | -$5.1B | $1.9B | $5.0B | $5.1B | $4.8B | $3.6B | $3.4B |
Cash flow
Fiscal years, from Uber Technologies's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$1.4B | -$1.5B | -$4.3B | -$2.7B | -$445M | $642M | $3.6B | $7.1B | $10.1B |
| Capital spending | $821M | $558M | $588M | $616M | $298M | $252M | $223M | $242M | $336M |
| Free cash flow | -$2.2B | -$2.1B | -$4.9B | -$3.4B | -$743M | $390M | $3.4B | $6.9B | $9.8B |
| Stock-based compensation | $124M | $170M | $4.6B | $827M | $1.2B | $1.8B | $1.9B | $1.8B | $1.8B |
| Share buybacks (net) | — | — | — | — | — | $0 | $0 | -$1.3B | -$6.5B |
| Net borrowing | -$12M | $3.4B | $1.2B | $2.1B | $1.5B | $0 | $149M | -$14M | $1.0B |
| Free cash flow margin | -28.2% | -20.1% | -37.8% | -30.2% | -4.3% | 1.2% | 9.0% | 15.7% | 18.8% |
Questions
What was Uber Technologies's revenue in 2025?
$52.0B in fiscal 2025, from its 10-K filing.
How much free cash flow does Uber Technologies generate?
$9.8B in fiscal 2025 (operating cash flow minus capital spending).
From Uber Technologies's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.