Lyft, Inc. reported quarterly revenue of $1,821.8 million, up 8%, and Adjusted EBITDA of $203.9 million, up 47%, but shifted to a net loss of $9.7 million, primarily due to legal, tax and regulatory reserve changes and settlements.
LYFT · Lyft, Inc.
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Lyft reported gross bookings growth of 17% and adjusted EBITDA growth of 47% to $204 million, while rides rose 10% and active riders reached 31.6 million. It remains on track for over 1 billion rides worldwide in 2026.
Lyft reported record Q3 2026 Gross Bookings of $5.6 billion, up 17% year over year; Active Riders rose 10% to 31.6 million, Rides rose 10% to 273.5 million, and Adjusted EBITDA increased 47% to $203.9 million.
Lyft, Inc. agreed, subject to court approval, to pay $272.5 million to resolve California driver misclassification claims, and recorded a $210 million accrual in the fourth quarter of 2025.
Metrics snapshot
Useful current figures from the complete screener profile.
Quarterly results
* Q4 derived as the full year minus Q1 to Q3.
AI Brief
Q2 FY26 earnings call · Aug 6, 2026TL;DR. Lyft delivered record Q2 2026 results, surpassing 30 million Active Riders, with Gross Bookings up 23% to $5.5 billion and Adjusted EBITDA up 37% to $177.2 million, while guiding Q3 to further margin expansion and ~15-19% Gross Bookings growth.
- + Record 30.5 million Active Riders, up 17% YoY, the 7th consecutive quarter of double-digit growth
- + Q3 2026 outlook guides Adjusted EBITDA margin of ~3.3% to 3.6%, signaling continued margin expansion
- + Trailing twelve months free cash flow reached $1.1 billion and net cash from operations $1.2 billion
- + Approximately 30% of North American rideshare rides linked to a partnership, an all-time high
- − Net cash provided by operating activities for the quarter was essentially flat at $349.9M vs $343.7M despite higher earnings
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Research
our published analysis of this companyEquibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Still-open targets the latest release did not restate under the same label.
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders BuyIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Active Riders | 30.5M | Q2 2026 | — |
| Adjusted EBITDA non-GAAP | $177.2M | Q2 2026 | — |
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GAAP → non-GAAP reconciliationGAAP Net income $50.3M
+$6.5M Interest expense
-$36.3M Other income, net
+$28.1M Provision for income taxes
+$38.8M Depreciation and amortization
+$76.6M Stock-based compensation
+$3.3M Payroll tax expense related to stock-based compensation
+$0M Sublease income
+$7.9M Costs related to acquisitions, divestitures and other corporate matters
+$2.1M Certain legal, tax, and regulatory reserve changes and settlements
= Adjusted EBITDA $177.2M
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| Adjusted EBITDA margin (calculated as a percentage of Gross Bookings) non-GAAP | 3.2% | Q2 2026 | — |
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| Free cash flow non-GAAP | $1.11B | Trailing Twelve Months Ended June 30, 2026 | — |
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| Gross Bookings | $5.5B | Q2 2026 | — |
| Rides | 262.4M | Q2 2026 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Software - Application — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
LYFT
this stock
Lyft, Inc.
|
$6.42B | -12.3% | +9.2% | 2.5 | 21.3% |
|
SAP
Sap SE
|
$271.12B | -3.3% | — | — | 0.2% |
|
QH
QUHUO Ltd
|
$268.05B | +181.9% | +59.7% | — | 0.0% |
|
SHOP
Shopify Inc.
|
$189.23B | -8.6% | +30.1% | 89.2 | 1.5% |
|
CRM
Salesforce, Inc.
|
$179.28B | -17.8% | +25.9% | 19.9 | 3.2% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every section- Filed
- Nov 6, 2026
- This year
- 19
Lyft, Inc. reported quarterly revenue of $1,821.8 million, up 8%, and Adjusted EBITDA of $203.9 million, up 47%, but shifted to a net loss of $9.7 million, primarily due to legal, tax and regulatory reserve changes and settlements.
ViewPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| LYFT | -0.6% | +1.0% | +25.0% | +5.1% | -12.3% |
| SPY | +2.6% | -1.2% | +0.5% | -0.2% | +10.6% |
| vs SPY | -3.2% | +2.1% | +24.5% | +5.3% | -23.0% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.