Lyft Inc

Latest Results (14.05.2026):

Lyft Inc reported results for the first quarter of 2026 (Q1 2026) showing continued top-line growth and improving profitability: Active Riders rose 17% year‑over‑year to a record 28.3 million, Gross Bookings were $4.946 billion (+19% YoY), revenue was $1.65 billion (+14% YoY), and net income was $14.2 million (vs. $2.6M in Q1 2025). Adjusted EBITDA increased 25% to $132.8 million and the company generated strong cash flow, including a trailing‑12‑month free cash flow record of about $1.1 billion.

Financial snapshot

Gross Bookings: $4,946.0M (+19% YoY). Revenue: $1,650.5M (+14% YoY). Net income: $14.2M (0.3% of Gross Bookings vs. 0.1% a year ago). Adjusted EBITDA: $132.8M (+25% YoY) with a 2.7% Adjusted EBITDA margin.

Growth & engagement

Active Riders: 28.3M (+17% YoY), a record Q1 and sixth consecutive quarter of double‑digit growth. Rides for the quarter were 236.9M (up from 218.4M in Q1 2025).

Profitability & cash flow

Net cash provided by operating activities: $307.7M (Q1) and $1.189B trailing twelve months. Free cash flow: $287.3M (Q1) and $1.122B trailing twelve months — the company calls this an all‑time high.

Balance sheet & capital actions

Total cash and restricted cash at quarter end: $1.827B. Financing activity included a $300M repurchase of Class A common stock during the quarter; net cash used in financing activities was $366.6M.

Operational & strategic highlights

Closed acquisition of Gett’s UK business to bolster London presence; announced Nashville Flexdrive AV operations opening this fall and secured initial Baidu AV vehicles for the UK. Nearly 27% of North American rides were linked to partnerships (all‑time high), with expanded partnerships including Chase, DoorDash and United Airlines.

Q2 2026 outlook

Guidance for Q2 2026: Gross Bookings $5.30B–$5.43B (≈ +18% to +21% YoY); Adjusted EBITDA $160M–$180M (margin ~3.0%–3.3%). Company did not provide GAAP equivalents for forward non‑GAAP metrics due to variability in reconciling items.