Lyft, Inc. income statement
In fiscal 2025, Lyft, Inc. reported revenue of $6.32bn, up 9.2% on the year before, operating income of −$188m (a -3.0% margin) and net income of $2.84bn, or $6.81 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,060 | 2,157 | 3,616 | 2,365 | 3,208 | 4,095 | 4,404 | 5,786 | 6,316 | 6,772 |
| Cost of revenue | 660 | 1,243 | 2,176 | 1,448 | 1,702 | 2,436 | 2,544 | 3,338 | 3,698 | 3,690 |
| Gross profit | 400 | 913 | 1,439 | 917 | 1,506 | 1,659 | 1,860 | 2,448 | 2,619 | 3,082 |
| Research and development | 137 | 301 | 1,506 | 909 | 912 | 857 | 556 | 397 | 451 | 473 |
| Selling and marketing | 567 | 804 | 814 | 416 | 411 | 532 | 481 | 789 | 875 | 1,095 |
| General and administrative | 221 | 448 | 1,186 | 946 | 916 | 1,286 | 871 | 937 | 1,002 | 1,126 |
| Operating income | −708 | −978 | −2,702 | −1,808 | −1,135 | −1,459 | −476 | −119 | −188 | −120 |
| Interest expense | — | 0 | 0 | 33 | 52 | 20 | 26 | 29 | 21 | 20 |
| Net interest income | 20 | 66 | 103 | — | — | — | — | — | — | — |
| Income before tax | −688 | −911 | −2,600 | −1,797 | −1,051 | −1,579 | −332 | 25 | −53 | −5 |
| Income tax | 1 | 1 | 2 | −45 | 11 | 6 | 9 | 3 | −2,897 | −2,871 |
| Net income | −688 | −911 | −2,602 | −1,753 | −1,062 | −1,585 | −340 | 23 | 2,844 | 2,866 |
| Diluted EPS | −$35.53 | −$43.04 | −$11.44 | −$5.61 | −$3.17 | −$4.47 | −$0.88 | $0.06 | $6.81 | $7.11 |
| Diluted shares (average) | 19m | 21m | 227m | 312m | 335m | 355m | 385m | 414m | 418m | 403m |
| EBITDA | −706 | −959 | −2,594 | −1,651 | −996 | −1,304 | −359 | 30 | −53 | 27 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,523 | 1,550 | 1,450 | 1,588 | 1,685 | 1,593 | 1,650 | 1,844 |
| Cost of revenue | 888 | 875 | 863 | 936 | 927 | 972 | 864 | 926 |
| Gross profit | 634 | 676 | 587 | 652 | 758 | 621 | 786 | 917 |
| Research and development | 104 | 94 | 112 | 109 | 110 | 120 | 124 | 119 |
| Selling and marketing | 216 | 251 | 182 | 191 | 243 | 259 | 273 | 320 |
| General and administrative | 253 | 195 | 215 | 232 | 251 | 304 | 270 | 302 |
| Operating income | −57 | 28 | −29 | 2 | 23 | −185 | −5 | 48 |
| Interest expense | 7 | 7 | 6 | 5 | 5 | 5 | 5 | 5 |
| Income before tax | −13 | 61 | 6 | 44 | 44 | −148 | 20 | 78 |
| Income tax | −1 | −1 | 3 | 4 | −2 | −2,903 | 6 | 28 |
| Net income | −12 | 62 | 3 | 40 | 46 | 2,755 | 14 | 50 |
| Diluted EPS | −$0.03 | $0.16 | $0.01 | $0.10 | $0.11 | $6.60 | $0.04 | $0.13 |
| EBITDA | −12 | 62 | 5 | 33 | 57 | −148 | 31 | 86 |
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