# Lyft, Inc. (LYFT)

> Source: Nexqual · https://nexqual.com/LYFT · data as of 2026-10-28 20:00 UTC · cite as "Nexqual, Lyft, Inc. (LYFT), nexqual.com/LYFT" · informational, not investment advice.

**Price:** USD 16.34 (-2.68% on the day) · last close of Oct 28, 2026; US market closed, not a live price. Prev close 16.79 · day 16.13–16.8 · 52w 12.46–25.54 · market cap $6.19B · NMS

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $6.77B, net income $2.87B (42.3% margin) (SEC filings).
- Valuation: P/E 2.2x (avg 118.5x at the last 2 fiscal year-ends), EV/EBITDA 203.6x, net cash $751M.
- Analysts: Hold (mean 2.64 on a 1–5 scale) (45 analysts), mean target USD 19.3 (range 14–30).
- Total return with dividends: 1Y -18.4% vs S&P 500 +13.6%; 5Y -64.4% vs S&P 500 +79.8%.
- Next earnings: 2026-11-05, EPS estimate USD 0.2, revenue estimate $1.91B.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $3.21B | $4.10B | $4.40B | $5.79B | $6.32B | $6.77B |
| Gross profit | $1.51B | $1.66B | $1.86B | $2.45B | $2.62B | — |
| Operating income | -$1.14B | -$1.46B | -$476M | -$119M | -$188M | -$120M |
| Net income | -$1.06B | -$1.58B | -$340M | $22.8M | $2.84B | $2.87B |
| EPS (diluted) | -$3.17 | -$4.47 | -$0.88 | $0.06 | $6.81 | — |
| Gross margin | 46.9% | 40.5% | 42.2% | 42.3% | 41.5% | — |
| Operating margin | -35.4% | -35.6% | -10.8% | -2.1% | -3.0% | -1.8% |
| Net margin | -33.1% | -38.7% | -7.7% | 0.4% | 45.0% | 42.3% |
| Revenue growth | +35.7% | +27.6% | +7.5% | +31.4% | +9.2% | — |
| Cash + short-term investments | $2.25B | $1.80B | $1.69B | $1.98B | $1.84B | — |
| Total debt | $711M | $839M | $865M | $995M | $1.05B | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 2.2x · P/S 0.9x · EV/EBITDA 203.6x · EV/Sales 0.8x · P/B 2.0x · Earnings yield 46.33% · Buyback yield (TTM) 11.32% · Net cash $751M · EV $5.43B
P/E at fiscal year-ends: Dec 2025 2.8x, Dec 2024 234.2x.

## Analysts
Consensus Hold (mean 2.64 on a 1–5 scale), 45 analysts; mean target USD 19.3 (low 14, high 30).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-21 | TD Cowen | Target lowered | Buy | $30 → $26 |
| 2026-10-19 | Cantor Fitzgerald | Target lowered | Neutral | $17 → $15 |
| 2026-10-05 | Wells Fargo | Target lowered | Equal-Weight | $19 → $17 |
| 2026-09-17 | Guggenheim | Downgrade | Buy → Neutral | $22 → $16 |
| 2026-09-09 | Scotiabank | Initiated | Sector Perform | $17 |
| 2026-09-01 | Rosenblatt | Initiated | Neutral | $19 |
| 2026-08-10 | Roth Capital | Target raised | Buy | $23 → $25 |
| 2026-08-10 | Canaccord Genuity | Target raised | Hold | $15 → $16 |
| 2026-08-07 | UBS | Target raised | Neutral | $16 → $17 |
| 2026-08-07 | RBC Capital | Target raised | Outperform | $18 → $20 |
| 2026-08-07 | Piper Sandler | Target raised | Overweight | $20 → $21 |
| 2026-08-07 | JP Morgan | Target raised | Neutral | $18 → $19 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-29) | 5Y (from 2021-10-25) |
|---|---|---|
| Total return | -18.4% | -64.4% |
| S&P 500 (SPY) | +13.6% | +79.8% |
| Per year | -18.4% | -18.6% |
| Volatility (annualized) | 47.8% | 68.6% |
| Max drawdown | -48.5% (Nov 2025→Mar 2026) | -84.9% (Nov 2021→May 2023) |

## Peers (Software - Application)
APPF (AppFolio, Inc.) USD 205 +1.76% · RNG (Ringcentral, Inc.) USD 86.2 +0.70% · TTAN (ServiceTitan, Inc.) USD 80.86 -0.93% · DSGX (The Descartes Systems Group Inc) USD 92.36 +0.20% · IDCC (InterDigital, Inc.) USD 320.56 -2.51% · YMM (Full Truck Alliance Co. Ltd.) USD 8.08 -4.04%

## More
Full page: https://nexqual.com/LYFT · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in LYFT's own 10-K filed 2026-02-11 (https://www.sec.gov/Archives/edgar/data/1759509/000162828026006960/lyft-20251231.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | Amazon (AMZN) | "We have a commercial agreement with Amazon Web Services ("AWS") for cloud services to help deliver and host our platform." |
| Partner | ADT | "In the United States, we have a dedicated safety response team for live support available via phone or chat 24/7, Emergency Help with ADT, Inc. ("ADT"), and partnerships with leading national organizations to inform our …" |
| Competitor | Uber (UBER) | "Our main ridesharing competitor is Uber and our main competitors for app-based intermediation services for taxi and private hire vehicles are Uber and Bolt, though we also compete with other TNCs, taxi cab and livery com…" |
| Competitor | Alphabet (Google) (GOOGL) | "There are also a number of companies developing and introducing AV technology and TaaS offerings that either are competing with us or may compete with us in the future, including Alphabet (Waymo), Amazon (Zoox), Baidu, B…" |
| Competitor | Baidu (BIDU) | "There are also a number of companies developing and introducing AV technology and TaaS offerings that either are competing with us or may compete with us in the future, including Alphabet (Waymo), Amazon (Zoox), Baidu, B…" |
| Competitor | Tesla (TSLA) | "There are also a number of companies developing and introducing AV technology and TaaS offerings that either are competing with us or may compete with us in the future, including Alphabet (Waymo), Amazon (Zoox), Baidu, B…" |

Other companies that name LYFT in their own reports (relationship from LYFT's side):

| Relationship | Company | Their filing | Sentence |
|---|---|---|---|
| partner | Baidu, Inc. (BIDU) | 20-F 2026-03-17 | "In the UK, Apollo Go advanced partnerships with Uber and Lyft to pilot autonomous vehicles in London." |

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $0.20 | $0.21 | -3.6% | $1.91B | 30 |
| Next quarter (ends 2026-12-31) | $0.19 | $0.20 | -6.7% | $1.96B | 30 |
| Current fiscal year (ends 2026-12-31) | $0.54 | $0.56 | -2.4% | $7.37B | 34 |
| Next fiscal year (ends 2027-12-31) | $0.94 | $0.93 | +1.3% | $8.26B | 38 |

## Earnings history and stock reaction
| Results filed | Quarter | EPS | Consensus | Surprise | Stock reaction |
|---|---|---|---|---|---|
| — | Quarter ended Jun 30, 2026 | $0.13 | $0.14 | Miss −7.1% | — |
| — | Quarter ended Mar 31, 2026 | $0.04 | $0.07 | Miss −42.9% | — |
| — | Quarter ended Dec 31, 2025 | $6.59 | $0.12 | Beat +5391.7% | — |
| — | Quarter ended Sep 30, 2025 | $0.11 | $0.07 | Beat +57.1% | — |
EPS as reported against the analyst consensus before the release; surprise uses the cent-rounded figures shown (in dollars when EPS and consensus have opposite signs). Stock reaction = close before the results to close after (the first close following a release after the bell or before the open).

## Recent SEC filings (last 120 days)
| Filed | Form | What it says | Filing |
|---|---|---|---|
| 2026-10-01 | 8-K | Regulation FD disclosure | https://www.sec.gov/Archives/edgar/data/1759509/000162828026064095/0001628280-26-064095-index.htm |
| 2026-09-09 | 8-K | Director or executive officer change, or pay arrangement; Regulation FD disclosure — “On September 9, 2026, Lyft, Inc. (the "Company") announced the appointment of Michael Brous as the Chief Financial Officer ("CFO") of the Company, effective as of September 28, 2026 (the "Effective Date"). Erin Brewer, the Company's current CFO, will retire from her position as CFO, effective as of the Effective Date. Mr. Brous was selected for the role due to his financial expertise in mobility and investing, combined with his deep knowledge of the Company across strategy, growth, operations, and finance gained…” | https://www.sec.gov/Archives/edgar/data/1759509/000162828026061020/0001628280-26-061020-index.htm |
| 2026-08-07 | 10-Q | Quarterly report · period ended Jun 30, 2026 | https://www.sec.gov/Archives/edgar/data/1759509/000162828026054499/0001628280-26-054499-index.htm |
| 2026-08-06 | 8-K | Quarterly results; Regulation FD disclosure | https://www.sec.gov/Archives/edgar/data/1759509/000162828026054305/0001628280-26-054305-index.htm |
| 2026-08-06 | Schedule 13G/A | FMR LLC, Abigail P. Johnson: 3.0% of shares, passive 5%+ holder (amended) | https://www.sec.gov/Archives/edgar/data/1759509/000031506626002055/0000315066-26-002055-index.htm |
| 2026-07-31 | Schedule 13G/A | Vanguard Portfolio Management: 4.9% of shares, passive 5%+ holder (amended) | https://www.sec.gov/Archives/edgar/data/1759509/000210012126000904/0002100121-26-000904-index.htm |
| 2026-07-27 | 8-K | Director or executive officer change, or pay arrangement — “On July 23, 2026, the Board of Directors (the "Board") of Lyft, Inc. (the "Company") appointed Ben Minicucci to serve as a member of the Board, effective immediately. He will serve as a Class II director with a term of office expiring at the Company's 2027 Annual Meeting of Stockholders. Mr. Minicucci has served as Chief Executive Officer of Alaska Air Group, Inc. ("Air Group"), a global airline, and its subsidiary Alaska Airlines, Inc. ("Alaska") since 2021. He has served as President of Air Group since 2021 and…” | https://www.sec.gov/Archives/edgar/data/1759509/000162828026049801/0001628280-26-049801-index.htm |
| 2026-07-08 | Schedule 13G/A | Ameriprise Financial, Inc., Columbia Management Investment Advisers, LLC: 16.2% of shares, passive 5%+ holder (amended) | https://www.sec.gov/Archives/edgar/data/1759509/000119312526298108/0001193125-26-298108-index.htm |
Source: SEC EDGAR. Quotes are the opening words of each item as filed.