Lyft (LYFT) FY2025 results: revenue $6.3 billion, up 9.2% on the year
Lyft, Inc. (LYFT) reported revenue of $6.3 billion for fiscal 2025, the year ended 31 December 2025, up 9.2% on the year before. Net income was $2.8 billion, up 12382.5%, and diluted earnings per share $6.81. The figures are the company's own, from the 10-K it filed with the SEC on 11 February 2026.
Revenue
$6.3 billion
+9.2% on the year
FY2018FY2025
Operating margin
-3.0%
-2.1% a year earlier
FY2018FY2025
Net income
$2.8 billion
+12,382.5% on the year
FY2018FY2025
Diluted EPS
$6.81
+11,250.0% on the year
FY2018FY2025
this yearthe year beforeHover a bar for its figure.
The year in brief
What management said about the year
Guidance figures: 4 new.
Full-year Gross Bookings and revenue grew: Full-year Gross Bookings were $18.5 billion, up 15%, and revenue was $6.3 billion, up 9% year over year.
Fourth-quarter Gross Bookings grew 19%: Q4 Gross Bookings were $5.1 billion, up 19% year over year, which the company described as accelerated growth.
Q4 revenue included $168 million reserve impact: Q4 revenue was $1.6 billion, up 3%, including a $168 million impact from legal, tax and regulatory reserve changes and settlements. Without it, revenue would have been $1.8 billion.
Full-year rides reached 945.5 million: Rides grew 14% to 945.5 million, an all-time high. Q4 was the eleventh consecutive quarter of double-digit growth year over year.
Active Riders growth accelerated to 18%: Q4 Active Riders grew 18% year over year to 29.2 million. Full-year annual riders reached 51.3 million, another all-time high.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2025
FY2024
FY2023
On the year
Last 8 years
Operating cash flow
1,168
850
-98.2
+37.5%
Cash from investing
407
-518
600
Cash from financing
-686
-156
-122
Depreciation and amortisation
135
149
117
-9.2%
Share-based compensation
322
331
485
-2.6%
Buybacks
500
50.0
0.0
+900.0%
Diluted shares, weighted
418m
414m
385m
+1.0%
Balance sheet
$ million
FY2025
FY2024
FY2023
On the year
Last 8 years
Shareholders' equity
3,274
767
542
+326.8%
Debt
1,053
995
865
+5.8%
Operating lease liabilities
160
152
134
+5.1%
Finance lease liabilities
39.6
54.4
61.3
-27.2%
Other liabilities
4,504
3,467
2,962
+29.9%
Total liabilities and equity
9,030
5,435
4,564
+66.1%
Goodwill
440
251
258
+74.9%
Intangible assets
179
42.8
59.5
+318.3%
Investments
705
1,225
1,127
-42.4%
Cash and equivalents
1,132
759
559
+49.1%
Other assets
6,574
3,156
2,562
+108.3%
Total assets
9,030
5,435
4,564
+66.1%
10-K for the year ended 31 December 2025, filed 11 February 2026: the filing.