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Lyft
(NASDAQ:LYFT)
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Rating:76Outperform
Price Target:
$19.50
▲(37.32% Upside)
Action:Reiterated
Date:08/09/26
The score is driven primarily by improved financial performance—especially strong and growing free cash flow and a much stronger balance sheet—supported by upbeat earnings-call guidance and momentum. Offsetting factors are still-thin/negative core operating profitability (EBIT), near-overbought technical readings that raise pullback risk, and no dividend yield support.
Positive Factors
Free cash flow strength
Sustained, growing free cash flow (~$1.43B TTM, +~24%) provides durable internal funding for product investment, incentives, and strategic partnerships without reliance on capital markets. Strong FCF improves resilience through economic cycles and supports continued margin expansion and debt reduction.
Negative Factors
Core operating profitability shortfall
Despite strong top-line and cash flow, negative EBIT and very thin EBITDA margins indicate operating leverage is not yet firmly established. Sustained reliance on non-operating items or one-off gains could leave reported profits fragile and limit durable margin expansion without further operational efficiency gains.
Read all positive and negative factors
Positive Factors
Negative Factors
Free cash flow strength
Sustained, growing free cash flow (~$1.43B TTM, +~24%) provides durable internal funding for product investment, incentives, and strategic partnerships without reliance on capital markets. Strong FCF improves resilience through economic cycles and supports continued margin expansion and debt reduction.
Read all positive factors
Lyft Key Performance Indicators (KPIs)
Any
Active Riders
Monitors the number of users taking rides, indicating market penetration, user engagement, and overall demand for Lyft's services.
Monitors the number of users taking rides, indicating market penetration, user engagement, and overall demand for Lyft's services.
Data provided by:
The Fly
The FlyLyft (LYFT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$6.53B
Dividend YieldN/A
Average Volume (3M)12.42M
Price to Earnings (P/E)2.5
Beta (1Y)1.66
Revenue Growth10.81%
EPS Growth3147.75%
CountryUS
Employees3,913
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)6.99
Shares Outstanding378,540,250
10 Day Avg. Volume12,177,914
30 Day Avg. Volume12,417,354
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)2.43
Price to Sales (P/S)1.26
P/FCF Ratio7.13
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$19.57Price Target Upside37.78% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering27
EPS Forecast (FY)0.58
Revenue Forecast (FY)$7.37B
Lyft Business Overview & Revenue Model
Company Description
Lyft, Inc. facilitates a comprehensive, on-demand transportation platform spanning the United States and Canada. Its core mission involves offering users personalized and immediate access to diverse mobility solutions through its multimodal networ...
How the Company Makes Money
Lyft primarily makes money by taking a commission (often described as a platform fee or take rate) from the gross amount paid by riders for completed trips arranged through its marketplace. Rider payments generally include time-and-distance-based ...
Lyft Earnings Call Summary
Earnings Call Date:Aug 06, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 11, 2026
Earnings Call Sentiment Positive
The call presented a strong set of operating and financial results — record active riders, accelerating rides and gross bookings up 23% YoY, adjusted EBITDA up 37% YoY, and robust cash generation — alongside clear progress in partnerships, premium modes, bikes, driver economics, and AV testing. Management acknowledged several execution risks and near-term mix and AV-related uncertainties (Freenow seasonality, gross bookings vs rides gap, AV unit-economics opacity, and operational gating factors for AV scale). On balance, the positive growth, margin expansion, partnership traction, and cash generation substantially outweigh the challenges, though AV scaling and mix effects will require continued monitoring.Positive Updates
Record Active Riders
Lyft reached an all-time high of over 30 million active riders in Q2, demonstrating broad consumer adoption and engagement.
Negative Updates
Gross Bookings vs Rides Mix Gap
Analysts noted an 11% gap between gross bookings growth and rides growth; management attributes this to mix effects (higher share of bikes with lower gross bookings per ride and Freenow seasonality), but the divergence warrants monitoring as mix shifts continue.
Read all updates
Q2-2026 Updates
Positive
Negative
Record Active Riders
Lyft reached an all-time high of over 30 million active riders in Q2, demonstrating broad consumer adoption and engagement.
Read all positive updates
Company Guidance
Lyft guided to continued margin expansion and accelerating rides growth into the back half of 2026, with Q3 calling for quarter‑over‑quarter margin expansion and management expecting rides to increase across North America rideshare, bikes and Freenow as the company remains on track for over 1 billion rides in 2026; in Q2 Lyft delivered gross bookings up 23% YoY to $5.5 billion, adjusted EBITDA up 37% YoY, 262 million rides, more than 30 million active riders, and fourth consecutive trailing‑12‑month free cash flow above $1 billion, while premium modes grew double‑digits YoY for the 12th straight quarter, roughly 30% of North American rideshare rides are partner‑linked, AV testing showed ~20% rides growth in San Francisco, Nashville’s 80k sq ft depot is slated to open in October with supply‑sharing on track before year‑end, and Freenow beta work is live in over a dozen European cities.Lyft Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
74
Positive
Cash Flow
83
Very Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.77B | 6.32B | 5.79B | 4.40B | 4.10B | 3.21B |
| Gross Profit | 3.08B | 2.62B | 2.45B | 1.86B | 1.66B | 1.51B |
| EBITDA | 197.92M | 102.73M | 203.16M | -188.97M | -1.40B | -859.94M |
| Net Income | 2.87B | 2.84B | 22.78M | -340.32M | -1.58B | -1.06B |
Balance Sheet | ||||||
| Total Assets | 9.11B | 9.03B | 5.44B | 4.56B | 4.56B | 4.77B |
| Cash, Cash Equivalents and Short-Term Investments | 1.79B | 1.84B | 1.98B | 1.69B | 1.80B | 2.25B |
| Total Debt | 1.18B | 1.28B | 1.17B | 1.04B | 1.06B | 975.43M |
| Total Liabilities | 6.08B | 5.76B | 4.67B | 4.02B | 4.17B | 3.43B |
| Stockholders Equity | 3.02B | 3.27B | 767.02M | 541.52M | 388.67M | 1.34B |
Cash Flow | ||||||
| Free Cash Flow | 1.15B | 1.12B | 766.27M | -248.06M | -352.25M | -180.90M |
| Operating Cash Flow | 1.23B | 1.17B | 849.74M | -98.24M | -237.28M | -101.72M |
| Investing Cash Flow | -154.08M | 406.74M | -517.98M | 599.75M | 186.04M | 267.01M |
| Financing Cash Flow | -548.15M | -685.53M | -155.87M | -122.08M | -87.50M | -72.47M |
Lyft Technical Analysis
Positive
14.20
Price Trends
15.05
Positive
14.41
Positive
16.34
Positive
Market Momentum
0.61
Negative
68.23
Neutral
89.95
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LYFT, the sentiment is Positive. The current price of 14.2 is below the 20-day moving average (MA) of 15.84, below the 50-day MA of 15.05, and below the 200-day MA of 16.34, indicating a bullish trend. The MACD of 0.61 indicates Negative momentum. The RSI at 68.23 is Neutral, neither overbought nor oversold. The STOCH value of 89.95 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for LYFT.
Lyft Risk Analysis
Lyft disclosed 64 risk factors in its most recent earnings report. Lyft reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Lyft Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | $11.70B | 25.99 | 17.63% | ― | 12.61% | 2.28% | |
76 Outperform | $6.53B | 2.47 | 115.83% | ― | 10.81% | 3147.75% | |
75 Outperform | $159.38B | 16.96 | 35.73% | ― | 16.68% | -23.01% | |
75 Outperform | $90.94B | 109.28 | 8.47% | ― | 33.59% | 4.61% | |
74 Outperform | $1.95B | 30.67 | 31.36% | 2.36% | 29.84% | 13.84% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
61 Neutral | $14.97B | 44.47 | 8.75% | ― | 21.45% | 430.18% |
* Technology Sector Average
LYFT
Lyft
17.54
2.96
20.30%
UBER
Uber Technologies
78.54
-12.29
-13.53%
DASH
DoorDash
212.00
-42.20
-16.60%
GRAB
Grab
3.74
-1.38
-26.95%
KARO
Karooooo
62.60
17.60
39.10%
CART
Maplebear
49.39
4.28
9.49%
Lyft Corporate Events
Business Operations and StrategyFinancial Disclosures
Lyft Reports Record Q2 Growth and Profitability Gains
Positive
Aug 6, 2026
On August 6, 2026, Lyft reported strong financial and operational performance for the second quarter ended June 30, 2026, highlighted by record active riders of 30.5 million, a 17% year-over-year increase. Gross bookings rose 23% to $5.5 billion, ...
Business Operations and StrategyExecutive/Board Changes
Lyft adds Alaska Air CEO Ben Minicucci to board
Positive
Jul 27, 2026
On July 23, 2026, Lyft appointed Alaska Air Group Chief Executive Officer Ben Minicucci to its Board of Directors as a Class II director, with his term running until the company’s 2027 annual meeting of stockholders. Minicucci brings extensi...
Business Operations and StrategyExecutive/Board ChangesRegulatory Filings and ComplianceShareholder Meetings
Lyft Shareholders Approve Governance Changes at Annual Meeting
Positive
Jun 4, 2026
At its June 3, 2026 annual meeting, Lyft stockholders re-elected Class I directors David Risher, Deborah Hersman and Dave Stephenson to serve until the 2029 annual meeting and ratified PricewaterhouseCoopers LLP as the independent auditor for the ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.