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$16.76-1.9%Stored close · as of Nov 9, 2026
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Condensed Consolidated Statements of Operations
(in thousands, except for per share data)
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Revenue | $1,685,195 | $1,522,692 | $4,723,550 | $4,235,739 |
| Costs and expenses | ||||
| Cost of revenue | 927,221 | 888,255 | 2,725,829 | 2,463,135 |
| Operations and support | 131,424 | 117,462 | 355,192 | 336,238 |
| Research and development | 109,615 | 104,447 | 331,435 | 303,277 |
| Sales and marketing | 243,317 | 215,779 | 616,256 | 537,621 |
| General and administrative | 250,565 | 253,436 | 698,204 | 742,332 |
| Total costs and expenses | 1,662,142 | 1,579,379 | 4,726,916 | 4,382,603 |
| Income (loss) from operations | 23,053 | (56,687) | (3,366) | (146,864) |
| Interest expense | (4,742) | (7,362) | (15,924) | (22,262) |
| Other income, net | 25,804 | 50,941 | 113,710 | 133,941 |
| Income (loss) before income taxes | 44,115 | (13,108) | 94,420 | (35,185) |
| Provision for (benefit from) income taxes | (1,959) | (682) | 5,465 | 3,762 |
| Net income (loss) | $46,074 | $(12,426) | $88,955 | $(38,947) |
| Net income (loss) per share attributable to common stockholders | ||||
| Basic | $0.11 | $(0.03) | $0.21 | $(0.10) |
| Diluted | $0.11 | $(0.03) | $0.21 | $(0.10) |
| Weighted-average number of shares outstanding used to compute net income (loss) per share attributable to common stockholders | ||||
| Basic | 405,679 | 412,229 | 414,374 | 406,785 |
| Diluted | 412,674 | 412,229 | 420,268 | 406,785 |
| Stock-based compensation included in costs and expenses: | ||||
| Cost of revenue | $4,398 | $6,789 | $17,337 | $18,564 |
| Operations and support | 2,179 | 2,310 | 7,302 | 6,299 |
| Research and development | 27,633 | 32,036 | 99,790 | 89,208 |
| Sales and marketing | 3,565 | 4,822 | 12,894 | 13,257 |
| General and administrative | 28,810 | 42,999 | 104,522 | 127,464 |
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