Lyft, Inc.
Financial Performance
Lyft Revenue & Financials
Revenue
$6.3B (FY2025)
Market Cap
$5.7B
Net Income
$2.8B
Employees
3,913
What is Lyft's revenue?
Lyft had $6.3B in revenue for fiscal year 2025, up 9.2% from 2024. Net income was $2.8B.
- Latest revenue
- $6.3B (FY2025)
- Year-over-year
- +9.2%
- Growth rate (CAGR)
- 25% over 8 years
- Peak revenue
- $6.3B (FY2025)
- Years of data
- 9
- Employees
- 3,913
Financial Analysis
Lyft lost money every year from its founding through 2023, including a $2.6B net loss in 2019 and a $1.58B loss in 2022. After the 2023 restructuring, revenue grew to $5.79B in 2024 with a first full-year GAAP profit of $22.8M. FY2025 revenue rose 9% to $6.32B, and net income jumped to $2.84B, mostly because of a tax-accounting benefit; operating income was still a loss of $188M, partly due to $168M of legal, tax and regulatory reserve changes in Q4. Free cash flow topped $1.1B in 2025, and in Q2 2026 revenue rose 16% to $1.84B with net income of $50.3M. Most of Lyft's gross bookings still come from rideshare in the United States and Canada; the July 2025 FREENOW acquisition added a European taxi and ride-hailing business.
Revenue Trend Analysis
YoY Change
+9.2%
8-Year CAGR
+25%
Peak Year
2025
Trend
Consistent Growth
Lyft, Inc. has 9 full fiscal year figures on this page, compounding at +25% annually over 8 years. The most recent year saw a 9.2% increase versus the prior year. Annual revenue peaked in fiscal year 2025 at $6.3B. Of 8 comparable year-over-year steps, 7 showed growth and 1 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Operating Income | Net Income | YoY Change | Source |
|---|---|---|---|---|---|
| FY2025 | $6.3B | -$188.4M | $2.8B | +9.2% | Lyft, Inc. annual report (Form 10-K, SEC EDGAR) Fiscal year ended 2025-12-31. |
| FY2024 | $5.8B | -$118.9M | $22.8M | +31.4% | Lyft, Inc. annual report (Form 10-K, SEC EDGAR) Fiscal year ended 2024-12-31. |
| FY2023 | $4.4B | -$475.6M | -$340.3M | +7.5% | Lyft, Inc. annual report (Form 10-K, SEC EDGAR) Fiscal year ended 2023-12-31. |
| FY2022 | $4.1B | -$1.5B | -$1.6B | +27.6% | Lyft, Inc. annual report (Form 10-K, SEC EDGAR) Fiscal year ended 2022-12-31. |
| FY2021 | $3.2B | -$1.1B | -$1.1B | +35.7% | Lyft, Inc. annual report (Form 10-K, SEC EDGAR) Fiscal year ended 2021-12-31. |
| FY2020 | $2.4B | -$1.8B | -$1.8B | -34.6% | Lyft, Inc. annual report (Form 10-K, SEC EDGAR) Fiscal year ended 2020-12-31. |
| FY2019 | $3.6B | -$2.7Bfiling | -$2.6B | +67.7% | Lyft, Inc. annual report (Form 10-K, SEC EDGAR) Fiscal year ended 2019-12-31. |
| FY2018 | $2.2B | -$977.7M | -$911.3M | +103.5% | Lyft, Inc. annual report (Form 10-K, SEC EDGAR) Fiscal year ended 2018-12-31. |
| FY2017 | $1.1B | -$708.3M | -$688.3M | — | Lyft, Inc. annual report (Form 10-K, SEC EDGAR) Fiscal year ended 2017-12-31. |
Click any row to see year details.
Lyft, Inc. balance sheet and cash flow
Balance-sheet figures are as of each fiscal year end; cash-flow figures cover the fiscal year. Taken from the company's annual report on Form 10-K, linked on each row. In some years total assets exceed liabilities plus shareholders' equity because the company reported redeemable preferred stock or non-controlling interests outside both.
| Fiscal Year | Operating cash flow | Total assets | Total liabilities | Shareholders' equity | Source |
|---|---|---|---|---|---|
| FY2025ended Dec 31, 2025 | $1.2B | $9B | $5.8B | $3.3B | Form 10-K |
| FY2024ended Dec 31, 2024 | $849.7M | $5.4B | $4.7B | $767M | Form 10-K |
| FY2023ended Dec 31, 2023 | -$98.2M | $4.6B | $4B | $541.5M | Form 10-K |
| FY2022ended Dec 31, 2022 | -$237.3M | $4.6B | $4.2B | $388.7M | Form 10-K |
| FY2021ended Dec 31, 2021 | -$101.7M | $4.8B | $3.4B | $1.3B | Form 10-K |
| FY2020ended Dec 31, 2020 | -$1.4B | $4.7B | $3B | $1.7B | Form 10-K |
| FY2019ended Dec 31, 2019 | -$105.7M | $5.7B | $2.8B | $2.9B | Form 10-K |
| FY2018ended Dec 31, 2018 | -$280.7M | $3.8B | $1.5B | -$2.9B | Form 10-K |
Keep researching Lyft
Lyft Revenue and Financial FAQ
What is Lyft's annual gross bookings and consolidated revenue?
In FY2025 Lyft reported a record $18.5B in gross bookings, up 15%, and $6.316B in revenue, up 9%. In Q2 2026 gross bookings were $5.5B (up 23%) and revenue $1.84B (up 16%).
What is Lyft's Adjusted EBITDA and path to GAAP profitability?
Adjusted EBITDA was $528.8M in FY2025. Lyft first turned a GAAP quarterly profit in Q2 2024 and a full-year GAAP profit of $22.8M in 2024. FY2025 net income of $2.84B was mostly a tax benefit; operating income was a $188M loss.
When did Lyft complete its Initial Public Offering (IPO) on NASDAQ?
Lyft went public on NASDAQ on March 29, 2019, under the ticker symbol 'LYFT', pricing its IPO at $72 per share, raising $2.34 billion, and making history as the first ride-hailing company to list on a US public stock exchange.
What is Lyft's take rate and revenue realization percentage?
Lyft's revenue was about 34% of gross bookings in FY2025 ($6.3B of $18.5B). The ratio moves with driver pay, incentives, insurance costs, and reserve changes.
What are Lyft's primary operating cost components?
Lyft's largest cost components include commercial insurance and claims reserves (cost of revenue), driver customer acquisition incentives, cloud hosting infrastructure on AWS, payment processing fees, and research and development for mobile software.
What is Lyft's active rider count and ride volume trajectory?
Lyft had 29 million active riders in Q4 2025 and 946 million rides for the year. In Q2 2026 it passed 30 million active riders and completed 262 million rides.
How did corporate restructuring and headcount reductions impact Lyft's financials in 2023?
In April 2023, CEO David Risher restructured the company by eliminating over 1,000 corporate roles (roughly 26% of staff) and flattening management layers, removing hundreds of millions in annualized fixed operating expenses to fund competitive rider pricing.
What is Lyft's balance sheet cash position and liquidity?
Lyft generated more than $1.1B of free cash flow in 2025 and over $1B on a trailing twelve-month basis through Q2 2026, which funded share buybacks and the FREENOW and TBR deals. See the latest 10-Q for current cash and debt balances.
Is Lyft profitable?
Historically, no. For a decade, Lyft (like Uber) survived entirely on massive billions in venture capital, heavily subsidizing the cost of rides to artificially fuel massive consumer growth. After going public in 2019, Wall Street completely lost patience with the massive cash burn. Recently, Lyft has executed brutal corporate layoffs and radically slashed driver incentives in a desperate, highly pressured effort to finally achieve consistent GAAP profitability.
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Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Lyft Revenue & Financials." CorpDigest, https://corpdigest.com/company/lyft/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Lyft reported $6.3B in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/lyft/financials" target="_blank" rel="noopener">CorpDigest — Lyft financials</a></div>Related Financial Audits
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