Lyft Inc
lyft.comWhat Do They Do?
Connects riders with drivers for rides, taxi trips and chauffeured trips, and offers shared bikes and scooters through its app.
10-K for FY2025, filed Feb 11, 2026
How Do They Make Money?
Lyft mainly earns fees and commissions from drivers when rides are completed. It also earns vehicle rental fees over rental periods, subscription fees over subscription periods, and revenue from bike and scooter rides, hardware sales, licensing, data access and advertising.
10-K for FY2025, filed Feb 11, 2026The Company recognizes revenue for its rideshare marketplace in accordance with ASC 606. The Company generates revenue from service fees…View ↗
The Company recognizes revenue from subscription fees paid to access transportation options through the Lyft Platform and mobile-based…View ↗
The Company generates revenue from licensing and data access agreements. Revenue is recognized ratably over the license period or upon…View ↗
The Company has arrangements to provide advertising services to third parties that are interested in reaching users of the Company’s…View ↗
The Company operates a fleet of rental vehicles through Flexdrive comprised of both owned vehicles and vehicles leased from third-party…View ↗
Due to the short-term nature of the Flexdrive and bikes and scooters transactions, the Company classifies these rentals as operating…View ↗
$6.3B
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10-K for FY2025, filed Feb 11, 2026
$6.3B ↗
Who Are Their Customers?
Riders request rides and rent shared bikes or scooters through Lyft apps; drivers use the platform to provide rides and may rent vehicles through Express Drive. Organizations use Lyft Business to design, manage and pay for ground transportation programs.
10-K for FY2025, filed Feb 11, 2026Ridesharing Marketplace. Our core offering connects drivers with riders. The scale of our network enables us to predict demand and…View ↗
Riders are as diverse and dynamic as the communities we serve. They represent all adult age groups and backgrounds and use Lyft to commute…View ↗
We work with organizations across a wide range of industries to deliver transportation solutions. Our comprehensive set of solutions allows…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 45 cents of every revenue dollar as net income in FY2025.
10-K for FY2025, filed Feb 11, 2026
How Are They Changing?
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Sep 6, 2026
Appointed Michael Brous CFO as Erin Brewer plans to retire
Brewer will remain as an adviser during the transition.
Sources
8-K, filed Sep 9, 2026
On September 9, 2026, Lyft, Inc. (the “Company”) announced the appointment of Michael Brous as the Chief Financial Officer (“CFO”) of the…View ↗
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Aug 6, 2026
Set third-quarter outlook for Gross Bookings and Adjusted EBITDA
Sources
8-K, filed Aug 6, 2026
Third Quarter 2026 OutlookView ↗
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May 7, 2026
Acquired Gett’s UK business
Sources
8-K, filed May 7, 2026
Active Riders, our leading indicator of growth, was up 17% year over year to 28.3 million, a record Q1 and 6th consecutive quarter of…View ↗
Growing. Revenue grew 97% in 4 years, from $3.2B in FY2021 to $6.3B in FY2025, about 18% a year.
Geographic expansion
The earlier report described its rideshare network in the United States and select Canadian cities; the latest describes operations beyond North America and a global mobility platform.
10-K for FY2022, filed Feb 27, 2023 10-K for FY2025, filed Feb 11, 2026We believe that the world is at the beginning of a shift away from car ownership to Transportation-as-a-Service (“TaaS”). Lyft is at the…View ↗
In 2025, we expanded our operations beyond North America and strengthened our global footprint. We entered nine new countries and more than…View ↗
Who Do They Compete With?
Competes with Uber, Bolt, Lime, Bird, Fifteen, nextbike, Dott, Alphabet, Amazon, Baidu, and Tesla
10-K for FY2025, filed Feb 11, 2026Our main ridesharing competitor is Uber and our main competitors for app-based intermediation services for taxi and private hire vehicles…View ↗
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