Lyft, Inc.

For the period ended Mar 31, 2026. Filed May 8, 2026.

About this filing

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.

Mar 31, 2026 · Filed May 8, 2026

LYFT$17.02+1.6%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Cash Flows

	Three Months Ended March 31,
	2026	2025
Cash flows from operating activities
Net income	$14,250	$2,567
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation and amortization	36,625	33,572
Stock-based compensation	86,878	93,158
Deferred income tax	1,870	121
Amortization of premium on marketable securities	173	33
Accretion of discount on marketable securities	(13,374)	(21,482)
Amortization of debt discount and issuance costs	1,165	927
Loss (gain) on sale and disposal of assets, net	3,216	(371)
Other	526	(332)
Changes in operating assets and liabilities, net effects of acquisition
Prepaid expenses and other assets	73,937	(9,027)
Operating lease right-of-use assets	7,418	5,497
Accounts payable	(8,184)	800
Insurance reserves	64,585	122,142
Accrued and other liabilities	46,820	67,375
Lease liabilities	(8,226)	(7,746)
Net cash provided by operating activities	307,679	287,234
Cash flows from investing activities
Purchases of marketable securities	(960,203)	(1,028,810)
Proceeds from sales of marketable securities	129,629	71,204
Proceeds from maturities of marketable securities	884,871	1,014,047
Proceeds from maturities of term deposits	—	2,194
Purchases of property and equipment and scooter fleet	(20,423)	(6,500)
Sales of property and equipment	16,689	13,523
Other investing activities	239	—
Net cash provided by investing activities	50,802	65,658
Cash flows from financing activities
Repayment of loans	(19,983)	(16,492)
Repurchase of Class A common stock	(300,000)	—
Taxes paid related to net share settlement of equity awards	(34,699)	(24,294)
Principal payments on finance lease obligations	(11,485)	(10,903)
Other financing activities	(425)	—
Net cash used in financing activities	(366,592)	(51,689)
Effect of foreign exchange on cash, cash equivalents and restricted cash and cash equivalents	(1,883)	(349)
Net (decrease) increase in cash, cash equivalents and restricted cash and cash equivalents	(9,994)	300,854
Cash, cash equivalents and restricted cash and cash equivalents
Beginning of period	1,837,370	946,040
End of period	$1,827,376	$1,246,894

Condensed Consolidated Statements of Cash Flows

	Three Months Ended March 31,
	2026	2025
Reconciliation of cash, cash equivalents and restricted cash and cash equivalents to the condensed consolidated balance sheets
Cash and cash equivalents	$1,034,869	$985,494
Restricted cash and cash equivalents	792,507	261,400
Total cash, cash equivalents and restricted cash and cash equivalents	$1,827,376	$1,246,894
Non-cash investing and financing activities
Financed vehicles acquired	$36,742	$725
Purchases of property and equipment and scooter fleet not yet settled	9,706	10,419
Right-of-use assets acquired under finance leases	2,010	1,336
Right-of-use assets acquired under operating leases	2,717	942
Remeasurement of finance and operating lease right-of-use assets	(3,655)	(509)
Repurchase of Class A common stock, including excise tax, accrued and not yet paid	5,348	—

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.