Lyft, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $6.32B | $5.79B | $4.40B | $4.10B | $3.21B | $2.36B | $3.62B | $2.16B |
| Cost of Revenue | $3.70B | $3.34B | $2.54B | $2.44B | $1.70B | $1.45B | $2.18B | $1.24B |
| Gross Profit | $2.62B | $2.45B | $1.86B | $1.66B | $1.51B | $917.2M | $1.44B | $913.2M |
| Gross Margin | 41.5% | 42.3% | 42.2% | 40.5% | 46.9% | 38.8% | 39.8% | 42.3% |
| Operating Expenses | ||||||||
| Research & Development | $451.4M | $397.1M | $555.9M | $856.8M | $911.9M | $909.1M | $1.51B | $300.8M |
| SG&A Expense | $1.00B | $937.3M | $871.1M | $1.29B | $915.6M | $946.1M | $1.19B | $447.9M |
| Operating Income | $-188.4M | $-118.9M | $-475.6M | $-1.46B | $-1.14B | $-1.81B | $-2.70B | $-977.7M |
| Operating Margin | -3.0% | -2.1% | -10.8% | -35.6% | -35.4% | -76.5% | -74.7% | -45.3% |
| Interest Expense | — | — | $26.2M | $19.7M | $51.6M | $32.7M | $0 | $0 |
| Pretax Income | $-53.2M | $25.4M | $-331.7M | $-1.58B | $-1.05B | $-1.80B | $-2.60B | $-910.6M |
| Income Tax Expense | $-2.90B | $2.6M | $8.6M | $5.9M | $11.2M | $-44.5M | $2.4M | $738.0K |
| Net Income | $2.84B | $22.8M | $-340.3M | $-1.58B | $-1.06B | $-1.75B | $-2.60B | $-911.3M |
| Net Margin | 45.0% | 0.4% | -7.7% | -38.7% | -33.1% | -74.1% | -72.0% | -42.3% |
| EPS (Basic) | $6.92 | $0.06 | $-0.88 | $-4.47 | $-3.17 | $-5.61 | $-11.44 | $-43.04 |
| EPS (Diluted) | $6.81 | $0.06 | $-0.88 | $-4.47 | $-3.17 | $-5.61 | $-11.44 | $-43.04 |
| Shares Outstanding (Basic) | 410.8M | 409.2M | 385.3M | 354.7M | 334.7M | 312.2M | 227.5M | 22.4M |
| Shares Outstanding (Diluted) | 417.7M | 413.7M | 385.3M | 354.7M | 334.7M | 312.2M | 227.5M | 22.4M |
| Dividends Per Share | — | — | — | — | — | — | — | — |