Lyft, Inc.
For the period ended Sep 30, 2025. Filed Nov 5, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 5, 2025
LYFT$17.02+1.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
| Nine Months Ended September 30, | ||
|---|---|---|
| 2025 | 2024 | |
| Cash flows from operating activities | ||
| Net income (loss) | $88,955 | $(38,947) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities | ||
| Depreciation and amortization | 97,962 | 115,189 |
| Stock-based compensation | 241,845 | 254,793 |
| Amortization of premium on marketable securities | 169 | 236 |
| Accretion of discount on marketable securities | (54,297) | (66,220) |
| Amortization of debt discount and issuance costs | 2,450 | 2,744 |
| Loss on sale and disposal of assets, net | 4,989 | 8,180 |
| Other | (4,764) | (2,556) |
| Changes in operating assets and liabilities, net effects of acquisition | ||
| Prepaid expenses and other assets | (7,223) | (39,631) |
| Operating lease right-of-use assets | 20,001 | 19,971 |
| Accounts payable | 9,453 | 34,711 |
| Insurance reserves | 369,225 | 254,696 |
| Accrued and other liabilities | 179,202 | 189,903 |
| Lease liabilities | (25,754) | (36,698) |
| Net cash provided by operating activities | 922,213 | 696,371 |
| Cash flows from investing activities | ||
| Purchases of marketable securities | (2,532,663) | (2,976,674) |
| Purchases of term deposits | — | (2,194) |
| Proceeds from sales of marketable securities | 567,445 | 155,181 |
| Proceeds from maturities of marketable securities | 2,474,806 | 2,497,355 |
| Proceeds from maturities of term deposits | 2,194 | 3,539 |
| Purchases of property and equipment and scooter fleet | (34,220) | (70,055) |
| Sales of property and equipment | 43,134 | 67,856 |
| Cash paid for acquisitions, net of cash acquired | (202,908) | — |
| Other investing activities | (1,330) | 1,113 |
| Net cash provided by (used in) investing activities | 316,458 | (323,879) |
| Cash flows from financing activities | ||
| Repayment of loans | (47,855) | (61,807) |
| Payment for settlement of convertible senior notes due 2025 | (390,719) | (350,000) |
| Proceeds from issuance of convertible senior notes due 2029 | — | 460,000 |
| Proceeds from issuance of convertible senior notes due 2030 | 500,000 | — |
| Payment of debt issuance costs | (11,250) | (11,888) |
| Purchase of capped calls | (41,950) | (47,886) |
| Repurchase of Class A common stock | (400,000) | (50,000) |
| Proceeds from exercise of stock options and other common stock issuances | 7,304 | 7,173 |
| Taxes paid related to net share settlement of equity awards | (95,699) | (12,490) |
| Principal payments on finance lease obligations | (30,804) | (35,403) |
| Other financing activities | (396) | — |
| Net cash used in financing activities | (511,369) | (102,301) |
| Effect of foreign exchange on cash, cash equivalents and restricted cash and cash equivalents | 880 | (67) |
| Net increase in cash, cash equivalents and restricted cash and cash equivalents | 728,182 | 270,124 |
| Cash, cash equivalents and restricted cash and cash equivalents | ||
| Beginning of period | 946,040 | 771,786 |
| End of period | $1,674,222 | $1,041,910 |
Condensed Consolidated Statements of Cash Flows
| Nine Months Ended September 30, | ||
|---|---|---|
| 2025 | 2024 | |
| Reconciliation of cash, cash equivalents and restricted cash and cash equivalents to the condensed consolidated balance sheets | ||
| Cash and cash equivalents | $1,305,908 | $770,298 |
| Restricted cash and cash equivalents | 368,314 | 270,248 |
| Restricted cash, included in prepaid expenses and other current assets | — | 1,364 |
| Total cash, cash equivalents and restricted cash and cash equivalents | $1,674,222 | $1,041,910 |
| Non-cash investing and financing activities | ||
| Financed vehicles acquired | $27,726 | $90,918 |
| Purchases of property and equipment and scooter fleet not yet settled | 4,909 | 7,144 |
| Right-of-use assets acquired under finance leases | 22,438 | 39,845 |
| Right-of-use assets acquired under operating leases | 5,674 | 4,336 |
| Remeasurement of finance and operating lease right of use assets | (5,822) | (9,505) |
| Repurchase of Class A common stock, including excise tax, accrued and not yet paid | 2,719 | — |
| Debt issuance costs not yet paid | 979 | — |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.