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Lyft
(NASDAQ:LYFT)
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Rating:75Outperform
Price Target:
$17.00
▲(13.71% Upside)
Action:Reiterated
Date:06/05/26
The score is driven primarily by improved financial quality (strong recent free cash flow and a cleaner balance sheet) and a positive forward outlook from the latest earnings call (growth/EBITDA acceleration and capital returns). These positives are tempered by mixed technicals (below key longer-term moving averages) and a key fundamental risk that headline net income is not yet supported by durable operating profitability.
Positive Factors
Free cash flow strength
Sustained positive free cash flow across 2024–TTM provides durable financial flexibility: it funds buybacks, M&A and product investment without relying on external financing, and creates a cash buffer that helps Lyft withstand demand cyclicality and invest in long‑term growth initiatives.
Negative Factors
Oper. profitability mixed
Headline net income is bolstered by non‑operating/one‑time items while EBIT remains marginal. If those non‑recurring supports normalize, reported profitability could roll back, exposing dependence on continued margin improvement from core operations to sustain returns and capital allocation plans.
Read all positive and negative factors
Positive Factors
Negative Factors
Free cash flow strength
Sustained positive free cash flow across 2024–TTM provides durable financial flexibility: it funds buybacks, M&A and product investment without relying on external financing, and creates a cash buffer that helps Lyft withstand demand cyclicality and invest in long‑term growth initiatives.
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
$5.55B
Dividend YieldN/A
Average Volume (3M)15.59M
Price to Earnings (P/E)2.1
Beta (1Y)1.61
Revenue Growth9.36%
EPS Growth5134.71%
CountryUS
Employees2,934
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)6.96
Shares Outstanding379,682,530
10 Day Avg. Volume13,076,609
30 Day Avg. Volume15,586,890
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 Cap1.01
Enterprise Value/Revenue0.86
Enterprise Value/Gross Profit1.99
Enterprise Value/Ebitda47.12
Forecast
1Y Price Target
$20.21Price Target Upside35.19% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering22
EPS Forecast (FY)0.6
Revenue Forecast (FY)$7.32B
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:May 07, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 12, 2026
Earnings Call Sentiment Positive
The call was broadly positive: management reported strong top‑line and profitability growth (gross bookings +19%, adjusted EBITDA +25%), produced record free cash flow and executed a $300M buyback, and provided upbeat guidance (gross bookings ~20%, adjusted EBITDA >30%). Strategic progress included partnerships (27% partnership‑tagged rides), international M&A (Gett/FREENOW), AV milestones with Waymo in Nashville and a growing ad business. Headwinds noted were weather/seasonality (~3M rides lost), regional deceleration in some mature U.S. markets, higher incentive activity (analyst‑cited 17% increase per ride), and AV regulatory/timing risks in Europe. Overall, positives (financial results, guidance, capital returns, partnerships, AV progress, driver engagement and loyalty gains) outweigh the manageable operational and timing challenges highlighted.Positive Updates
Strong Financial Performance
Q1 gross bookings up 19% year‑over‑year and adjusted EBITDA up 25% year‑over‑year; record $1.12 billion free cash flow over the last 12 months; executed largest quarterly share repurchase of $300 million in Q1; guidance midpoint expects gross bookings to accelerate to ~20% and adjusted EBITDA to expand by >30% year‑over‑year.
Negative Updates
Weather and Seasonal Headwinds
Severe weather in Q1 reduced rides by roughly 3 million (company estimate), with a bit more than half of that impact coming from bike rides; bikes and FREENOW are seasonally weaker in Q1 and accelerate into Q2.
Read all updates
Q1-2026 Updates
Positive
Negative
Strong Financial Performance
Q1 gross bookings up 19% year‑over‑year and adjusted EBITDA up 25% year‑over‑year; record $1.12 billion free cash flow over the last 12 months; executed largest quarterly share repurchase of $300 million in Q1; guidance midpoint expects gross bookings to accelerate to ~20% and adjusted EBITDA to expand by >30% year‑over‑year.
Read all positive updates
Company Guidance
Lyft guided that at the midpoint of its range it expects gross bookings to accelerate to approximately 20% year‑over‑year and adjusted EBITDA to expand by more than 30% YoY, and reiterated its objective of delivering north of 1 billion rides in 2026; that forward outlook is supported by Q1 results of gross bookings +19% YoY and adjusted EBITDA +25% YoY, a record $1.12 billion of free cash flow over the last 12 months, a $300 million share repurchase in Q1, partnership‑tagged ride requests of ~27%, its highest‑ever week of rides in March, operations in 120+ countries, roughly 50% YoY growth in Canada, >35% YoY growth in higher‑value modes, the highest driver hours on record for a Q1, and an estimated ~3 million‑ride weather headwind in the quarter.Lyft Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
80
Positive
Cash Flow
85
Very Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.52B | 6.32B | 5.79B | 4.40B | 4.10B | 3.21B |
| Gross Profit | 2.82B | 2.62B | 2.45B | 1.86B | 1.66B | 1.51B |
| EBITDA | 118.71M | 102.73M | 203.16M | -188.97M | -1.40B | -859.94M |
| Net Income | 2.86B | 2.84B | 22.78M | -340.32M | -1.58B | -1.06B |
Balance Sheet | ||||||
| Total Assets | 8.89B | 9.03B | 5.44B | 4.56B | 4.56B | 4.77B |
| Cash, Cash Equivalents and Short-Term Investments | 1.72B | 1.84B | 1.98B | 1.69B | 1.80B | 2.25B |
| Total Debt | 1.26B | 1.28B | 1.17B | 1.04B | 1.06B | 975.43M |
| Total Liabilities | 5.86B | 5.76B | 4.67B | 4.02B | 4.17B | 3.43B |
| Stockholders Equity | 3.03B | 3.27B | 767.02M | 541.52M | 388.67M | 1.34B |
Cash Flow | ||||||
| Free Cash Flow | 1.16B | 1.12B | 766.27M | -248.06M | -352.25M | -180.90M |
| Operating Cash Flow | 1.22B | 1.17B | 849.74M | -98.24M | -237.28M | -101.72M |
| Investing Cash Flow | 391.88M | 406.74M | -517.98M | 599.75M | 186.04M | 267.01M |
| Financing Cash Flow | -1.03B | -685.53M | -155.87M | -122.08M | -87.50M | -72.47M |
Lyft Technical Analysis
Positive
14.95
Price Trends
14.03
Positive
13.89
Positive
17.12
Negative
Market Momentum
0.19
Negative
55.14
Neutral
64.23
Neutral
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 14.95 is above the 20-day moving average (MA) of 14.10, above the 50-day MA of 14.03, and below the 200-day MA of 17.12, indicating a neutral trend. The MACD of 0.19 indicates Negative momentum. The RSI at 55.14 is Neutral, neither overbought nor oversold. The STOCH value of 64.23 is Neutral, 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 |
|---|---|---|---|---|---|---|---|
75 Outperform | $5.55B | 2.11 | 150.20% | ― | 9.36% | 5134.71% | |
75 Outperform | $11.13B | 25.14 | 16.35% | ― | 11.84% | 14.91% | |
71 Outperform | $146.89B | 17.58 | 33.32% | ― | 18.31% | -29.89% | |
67 Neutral | $80.40B | 86.32 | 9.57% | ― | 30.96% | 167.38% | |
65 Neutral | $1.52B | 25.10 | 30.79% | 2.66% | 25.80% | 12.70% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
57 Neutral | $15.45B | 40.72 | 5.81% | ― | 21.80% | 1553.57% |
* Technology Sector Average
LYFT
Lyft
14.61
-1.58
-9.76%
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Lyft Corporate Events
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 ...
Business Operations and StrategyFinancial DisclosuresM&A Transactions
Lyft Posts Strong Quarterly Growth With Rising Profitability
Positive
May 7, 2026
On May 7, 2026, Lyft reported strong financial results for the quarter ended March 31, 2026, highlighted by 19% year-over-year growth in gross bookings to $4.9 billion and 14% revenue growth to $1.7 billion. Net income rose to $14.2 million from $...
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.