LYFT Lyft, Inc.

Overview and Growth

In fiscal 2025, Lyft, Inc. recorded $6.32B of revenue, net income of $2.84B, and an operating cash inflow of $1.17B. Revenue of $6.32B sets the scale for evaluating how effectively sales translated into profit and cash during the year. Compared with $5.79B in fiscal 2024, revenue recorded a 9.2% year-over-year increase. Diluted earnings per share were $6.81, translating the period’s attributable earnings into the amount reported for each diluted share. At period end, total assets were $9.03B, framing the scale of the company’s operating and financing commitments. Asset turnover was 0.7x, relating the company’s annual revenue directly to the total assets reported at the period end.

Profitability

Gross profit was $2.62B, representing the portion of revenue remaining after the reported cost of revenue and before operating expenses. Gross profit represented 41.5% of revenue, showing how much of the top line remained after direct costs. The reported operating result was an operating loss of $188.37M, reflecting costs that exceeded gross profit. The operating loss equaled 3.0% of revenue, showing the scale of the operating deficit relative to sales. Net income came to $2.84B, completing the progression from revenue through gross and operating profitability to the final reported result. Net margin was 45.0%, meaning that this portion of revenue remained as net income after all recognized expenses. Before income taxes, the company recorded a loss of $53.25M, bridging the operating result to the final net loss. Pretax margin was -0.8%, reflecting a pre-tax loss equal to 0.8% of revenue. The company recognized an income-tax benefit of $2.90B, increasing after-tax earnings relative to the pretax result. Net income equaled 86.9% of period-end equity, showing the earnings generated on shareholders’ book capital. The net-income-to-assets relationship measured 31.5%, showing earnings relative to the full balance sheet. The company moved from fiscal 2024 net income of $22.78M to $2.84B, with the current outcome ending above that comparison.

Liquidity and Capital Structure

The company held $9.03B of assets against $5.76B of liabilities and $3.27B of equity, revealing how the asset base was financed. At period end, current assets of $2.92B compared with current liabilities of $4.53B, defining the company’s short-term resource position. Current assets covered only 0.65x of current liabilities, so current liabilities exceeded current assets at period end. Reported cash and equivalents were $1.13B, separating immediately recognizable cash resources from the rest of the current-asset base. Measured only with cash and equivalents, coverage of current liabilities was 25.0%, excluding receivables and other current assets. Borrowings totaled $1.05B, adding a fixed financing obligation alongside the company’s equity capital. The debt-to-equity relationship was 0.32x, showing how much debt the company carried for each unit of book equity. Debt represented 11.7% of total assets, placing borrowing in the context of the company’s full resource base. Liabilities represented 63.7% of total assets, quantifying the liability-funded share of the company’s resource base. Cash and equivalents equaled 12.5% of total assets, showing the liquid cash component within the company’s broader resource base. The asset base changed 66.1% from $5.44B in fiscal 2024, leaving current total assets higher year over year. Book equity was 326.8% higher than fiscal 2024 equity of $767.02M, showing how shareholder capital changed year over year. The reported cash balance changed 49.1% from $759.32M in fiscal 2024, ending higher year over year.

Cash Flow and Earnings Quality

Operating activities produced a cash inflow of $1.17B, giving the cash-flow counterpart to the accrual-based profit measures reported for the year. Against net income, operating cash flow measured 0.41x, showing the relationship between accrual earnings and operating cash.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.