Lyft, Inc.LYFT
NasdaqGS•Technology•Software - Application
Lyft, Inc. operates multimodal transportation networks that offer access to various transportation options through platform and mobile based applications in the United States and internationally. The company facilitates peer-to-peer ridesharing by connecting drivers who have vehicles with riders who need a ride. It also operates Lyft Platform that provides a marketplace where drivers can be matched with riders via the Lyft mobile application. The company's platform provides a ridesharing marketplace that connects drivers with riders; Express Drive, a car rental program for drivers; and a network of shared bikes and scooters in various cities to address the needs of riders for short trips. In addition, it offers licensing and data access agreements; sells bikes and bike station software and hardware; and provides advertising services. The company was formerly known as Zimride, Inc. and changed its name to Lyft, Inc. in April 2013. Lyft, Inc. was incorporated in 2007 and is headquartered in San Francisco, California.
Lyft, Inc. (LYFT) reported trailing twelve months revenue of $6.17B as of March 2026, a 11.6% increase year-over-year. Quarterly revenue reached $1.65B, reflecting continued top-line momentum.
Lyft, Inc. generated $2.86B in TTM net income, with quarterly EBITDA of $31.29M. The operating margin expanded from -2.1% to -0.3%, suggesting improving cost efficiency and pricing discipline.
The spread between operating margin (-0.3%) and net margin (0.9%) indicates tight cost control with minimal non-operating drag. Net margin has improved from 0.2% a year ago, signaling stronger bottom-line efficiency.
LYFT trades at a P/E of 2.0x (below the broader market average) and a P/S of 0.9x. The price-to-book ratio of 1.9x reflects a moderate premium to book value.
The company generated $287.26M in free cash flow over the trailing twelve months, a 2.3% increase year-over-year, indicating cash generation ability. The balance sheet shows $8.89B in total assets with $986.62M in long-term debt against $3.03B in stockholders equity for a debt-to-equity ratio of 0.3, a conservative capital structure. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are under pressure, averaging -2.2%. The business may lack pricing power or face rising costs.'
ROE averages 26.1% but has fluctuated — the competitive advantage may be cyclical or emerging.
Free cash flow is consistently positive and growing — a hallmark of a capital-light business that can self-fund growth.
TTM revenue has grown consistently (7 of 7 quarters up), with ~29.8% growth over the period. Strong demand durability.
Data-driven red flags and warnings across 21 quarters
The company posted negative operating margins in recent quarters — core operations are unprofitable.
FCF covers net income by 22.2x on average — earnings are well-supported by cash generation.
D/E ratio is 0.3 — conservative capital structure with low financial risk.
Revenue is stable or growing over recent quarters — demand appears durable.
Free cash flow is consistently positive — the business self-funds without external capital reliance.
Shares decreased 2.8% — net buybacks are reducing shares outstanding and boosting per-share value.
Quarterly standardized metrics.
Stock price and market valuation
Revenue and earnings growth across quarters
Assets, cash, debt, and leverage
Price multiples and return ratios
Operating efficiency and return metrics
Free cash flow, earnings quality, and capital allocation