Lyft, Inc.
For the period ended Dec 31, 2025. Filed Feb 11, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Feb 11, 2026
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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Item 8. Consolidated Statements of Cash Flows
| Year Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Cash flows from operating activities | |||
| Net income (loss) | $2,844,008 | $22,784 | $(340,320) |
| Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities | |||
| Depreciation and amortization | 135,227 | 148,892 | 116,513 |
| Stock-based compensation | 322,268 | 330,921 | 484,533 |
| Deferred income tax | (2,895,119) | (1,876) | (2,385) |
| Amortization of premium on marketable securities | 307 | 284 | 117 |
| Accretion of discount on marketable securities | (69,236) | (89,425) | (68,125) |
| Amortization of debt discount and issuance costs | 3,655 | 3,737 | 2,877 |
| Loss (gain) on sale and disposal of assets, net | 7,569 | 7,831 | (11,278) |
| Gain on lease termination | — | (29,610) | — |
| Other | (9,232) | 2,469 | (4,261) |
| Changes in operating assets and liabilities, net effects of acquisition | |||
| Prepaid expenses and other assets | (51,032) | (76,440) | (86,600) |
| Operating lease right-of-use assets | 26,978 | 26,276 | 20,046 |
| Accounts payable | 21,684 | 21,712 | (41,079) |
| Insurance reserves | 479,033 | 363,524 | (79,482) |
| Accrued and other liabilities | 385,564 | 166,014 | (73,508) |
| Lease liabilities | (33,236) | (47,356) | (15,292) |
| Net cash provided by (used in) operating activities | 1,168,438 | 849,737 | (98,244) |
| Cash flows from investing activities | |||
| Purchases of marketable securities | (3,344,891) | (4,177,429) | (3,288,659) |
| Purchases of term deposits | — | (4,388) | (3,539) |
| Proceeds from sales of marketable securities | 728,435 | 232,910 | 452,465 |
| Proceeds from maturities of marketable securities | 3,329,579 | 3,415,318 | 3,481,042 |
| Proceeds from maturities of term deposits | 2,194 | 5,733 | 8,539 |
| Purchases of property and equipment and scooter fleet | (52,822) | (83,470) | (149,819) |
| Sales of property and equipment | 52,893 | 92,045 | 92,594 |
| Cash paid for acquisitions, net of cash acquired | (307,320) | — | 1,630 |
| Other investing activities | (1,330) | 1,303 | 5,500 |
| Net cash provided by (used in) investing activities | 406,738 | (517,978) | 599,753 |
| Cash flows from financing activities | |||
| Repayment of loans | (62,448) | (84,070) | (72,484) |
| 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 | (12,229) | (11,888) | — |
| Purchase of capped calls | (41,950) | (47,886) | — |
| Repurchase of Class A common stock | (499,992) | (50,000) | — |
| Proceeds from exercise of stock options and other common stock issuances | 14,861 | 15,051 | 10,993 |
| Taxes paid related to net share settlement of equity awards | (151,311) | (40,328) | (3,021) |
| Principal payments on finance lease obligations | (41,250) | (46,748) | (43,466) |
| Contingent consideration paid | — | — | (14,100) |
| Other financing activities | (490) | — | — |
| Net cash used in financing activities | (685,528) | (155,869) | (122,078) |
| Effect of foreign exchange on cash, cash equivalents and restricted cash and cash equivalents | 1,682 | (1,636) | 533 |
| Net increase in cash, cash equivalents and restricted cash and cash equivalents | 891,330 | 174,254 | 379,964 |
| Cash, cash equivalents and restricted cash and cash equivalents | |||
| Beginning of period | 946,040 | 771,786 | 391,822 |
| End of period | $1,837,370 | $946,040 | $771,786 |
| Year Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Reconciliation of cash, cash equivalents and restricted cash and cash equivalents to the consolidated balance sheets | |||
| Cash and cash equivalents | $1,132,009 | $759,319 | $558,636 |
| Restricted cash and cash equivalents | 705,361 | 186,721 | 211,786 |
| Restricted cash, included in prepaid expenses and other current assets | — | — | 1,364 |
| Total cash, cash equivalents and restricted cash and cash equivalents | $1,837,370 | $946,040 | $771,786 |
| Supplemental disclosures of cash flow information | |||
| Cash paid for income taxes | $7,261 | $11,207 | $9,425 |
| Cash paid for interest | 19,821 | 28,304 | 20,176 |
| Non-cash investing and financing activities | |||
| Financed vehicles acquired | $78,134 | $83,600 | $127,095 |
| Purchases of property and equipment and scooter fleet not yet settled | 3,623 | 10,599 | 4,505 |
| Right-of-use assets acquired under finance leases | 30,338 | 45,207 | 79,102 |
| Right-of-use assets acquired under operating leases | 20,846 | 7,710 | 3,795 |
| Remeasurement of finance and operating lease right-of-use assets | (6,085) | 54,689 | (10,582) |
| Repurchase of Class A common stock, including excise tax, accrued and not yet paid | 2,754 | — | — |
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