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Lyft

LYFT on Nasdaq. Lyft sells rides, bikes, scooters and car rentals to people needing transport. Market value $6.0bn.

Watch this stockFree. We tell you when something changes.

Price checks use the past 12 months to June 2026. Some use the latest annual report instead, as marked. Quality checks use five annual reports, the latest for the year to December 2025.

Cash flow or capital spending isn't reported, so free cash flow is unknown.

Should I look at this?

Not a fit for our list right now

Why it could be worth it

What to watch out for

See Technology stocks that passed both tests

This is not advice. Check the numbers below.

Compare with another stock

Cash yield
annual report to December 2025
n/a

We could not compute this from the filings.

Price to profit
past 12 months to June 2026
n/a

The filings do not give us enough to work this out.

Return on capital
five annual reports to December 2025
-40.2%five-year median

Each dollar kept in the business earns -40 cents a year. Above 10 is good.

Quality score: 50 of 100. Price score: 50 of 100. Our list needs 70 on quality and 60 on price.

$15.73 a share, 26% above its 1-year low

Over the past year the price has ranged from $12.46 to $25.54.

Pays no dividend

Prices from Monday’s close (5 October).

Five years of cash, in billions

n/a
n/a
n/a
n/a
n/a
20212022202320242025
Revenue
$3.2bn$4.1bn$4.4bn$5.8bn$6.3bn
Operating margin
-35.4%-35.6%-10.8%-2.1%-3.0%
Debt to equity
0.552.251.761.410.34
Shares outstanding
0.33bn0.35bn0.39bn0.40bn0.38bn

Health checks

  • Free cash flow positiveNot enough data
  • Accounting looks honest (Beneish)Not enough data
  • Financial strength (Piotroski)3 of 8 checks we could run
  • Profit backed by cash (accruals)No
  • Debt0.34× equity
  • Revenue growth, five yearsStrong, 21.7% a year
  • Buying back its own sharesNo, 13% more shares since 2021

The quarter to June 2026

How the business did, compared with the same quarter a year earlier.

  • Sales: $1.8 billion last quarter, up 16% on a year ago.
  • Profit: $50 million, up 25% on a year ago.
  • It loses 2 cents on each $1 of sales, compared with 1 cents a year earlier.
  • 9% fewer shares than a year ago. Each share owns a bit more of the company.
  • It has $30 million more cash than debt, down from $272 million a year ago.
  • Sales grew on a year ago in each of the last 4 quarters.
Sales by quarter
Sales by quarter
Quarter toAmount
September 2024$1.5bn
December 2024$1.6bn
March 2025$1.5bn
June 2025$1.6bn
September 2025$1.7bn
December 2025$1.6bn
March 2026$1.7bn
June 2026$1.8bn
Profit by quarter
Profit by quarter
Quarter toAmount
September 2024-$12m
December 2024$62m
March 2025$3m
June 2025$40m
September 2025$46m
December 2025$2.8bn
March 2026$14m
June 2026$50m

From the company's quarterly reports to the SEC.

Dates

Next results (estimated)
n/a
Last annual report (10-K)
11 February 2026
Next quarterly (estimated, 10-Q)
6 November 2026

Who owns it

6 long-term investors we follow own it, up from 5 last quarter. 527 funds in all.

Jun '25
Dec '25
Jun '26

Sold out this quarter

Largest holders overall

From 13F filings for the quarter ended 30 June 2026.

Big holders and activists

7 investors own more than 5%.

From Schedule 13D and 13G filings: anyone owning more than 5% must file one.

What insiders did

In the last 12 months, 1 insider bought $199,810 of shares on the open market. 7 sold $7m, $7m of it under preset trading plans.

  • Brewer Erin
    CHIEF FINANCIAL OFFICER
    Sold
    under a preset trading plan
    Date
    24 September 2026
    Shares
    15,000
    Price
    $14.64
    Value
    $219,632
  • Llewellyn Lindsay Catherine
    SEE REMARKS
    Sold
    under a preset trading plan
    Date
    1 September 2026
    Shares
    13,204
    Price
    $16.64
    Value
    $219,711
  • Beggs Jill
    Director
    Sold
    under a preset trading plan
    Date
    27 August 2026
    Shares
    2,307
    Price
    $17.34
    Value
    $40,004
  • Hope Stephen W.
    CHIEF ACCOUNTING OFFICER
    Sold
    under a preset trading plan
    Date
    27 August 2026
    Shares
    5,982
    Price
    $17.34
    Value
    $103,724
  • Lawee David
    Director
    Sold
    under a preset trading plan
    Date
    27 August 2026
    Shares
    4,613
    Price
    $17.33
    Value
    $79,951
  • Whiteside Janey
    Director
    Sold
    under a preset trading plan
    Date
    25 August 2026
    Shares
    5,480
    Price
    $17.68
    Value
    $96,886
  • Brewer Erin
    CHIEF FINANCIAL OFFICER
    Sold
    under a preset trading plan
    Date
    24 August 2026
    Shares
    15,000
    Price
    $17.63
    Value
    $264,399
  • Whiteside Janey
    Director
    Sold
    under a preset trading plan
    Date
    7 August 2026
    Shares
    14,220
    Price
    $17.00
    Value
    $241,740
  • Llewellyn Lindsay Catherine
    SEE REMARKS
    Sold
    under a preset trading plan
    Date
    3 August 2026
    Shares
    36,214
    Price
    $16.14
    Value
    $584,440
  • Brewer Erin
    CHIEF FINANCIAL OFFICER
    Sold
    under a preset trading plan
    Date
    12 June 2026
    Shares
    15,000
    Price
    $13.59
    Value
    $203,850

From Form 4 filings: insiders must report trades in their own company's shares within two days.

Warning signs in its filings

Problems the company itself reported to the SEC, in its own words.

None of the warning signs we check for were found.

We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.

We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 11 Feb 2026, plus the 10-Q filed 7 Aug 2026 and 6 later 8-Ks.

A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.

What could go wrong

  • Profits run ahead of cash.

Whether the price already reflects the risks is what the deep dive is for.

The deep dive

Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.

  • What the business is worth, as a range, and the margin of safety at today’s price
  • Prices to start buying, buy, and buy hard
  • The three things that would make this a mistake
  • Every number footnoted to the filing it came from
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What a finished deep dive looks like

Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.