Uber Technologies (UBER) AI Stock Analysis

• Market Cap: $149.77B
• Dividend Yield: N/A
• Average Volume (3M): 21.09M
• Price to Earnings (P/E): 15.4
• Beta (1Y): 1.33
• Revenue Growth: 18.25%
• EPS Growth: 277.10%
• Country: US
• Employees: 31,100
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Application
• EPS (TTM): 0.71
• Shares Outstanding: 2,058,116,000
• 10 Day Avg. Volume: 19,969,261
• 30 Day Avg. Volume: 21,086,341
• PEG Ratio: 7.22
• Price to Book (P/B): 6.27
• Price to Sales (P/S): 3.26
• P/FCF Ratio: 17.35
• Enterprise Value/Market Cap: 1.06
• Enterprise Value/Revenue: 3.06
• Enterprise Value/Gross Profit: 7.70
• Enterprise Value/Ebitda: 22.81
• 1Y Price Target: $106.76
• Price Target Upside: 44.54% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 32
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 74 Outperform
• Price Target: $84.00 ▲(13.73% Upside)
• Action: Reiterated Date: 02/09/26
• Date: Action: Reiterated 02/09/26

The score is driven primarily by strong financial performance (profitability and ~$9.8B TTM free cash flow) and a constructive earnings call pointing to continued operational momentum and disciplined capital returns. Offsetting these positives, technical indicators show a clear downtrend (price below major moving averages with negative MACD), and while valuation looks reasonable at ~15.8x earnings, it is not supported by a dividend.

Positive Factors

Strong free cash flow generation

Sustained FCF near $10B with double‑digit growth provides durable internal funding for buybacks, strategic investments (AVs, delivery expansion), and working capital. Strong cash conversion reduces reliance on external funding and supports capital returns and long-term execution flexibility.

Improved and durable profitability

Material shift from prior losses to meaningful operating and net margins, with stable gross margins (~39–40%) indicating improved unit economics. This margin base supports reinvestment and resilience to cyclical pressures, making earnings less dependent on volatile top-line spikes.

Large scale and multi-product engagement

High active user counts, strong cross-product penetration and rapid membership growth create durable network effects, higher LTV and cross-sell levers (delivery, ads, grocery). Scale improves marketplace liquidity, ad monetization and potential AV utilization advantages over smaller rivals.

Negative Factors

Top-line growth slowdown

Revenue momentum has materially decelerated, forcing reliance on efficiency and mix to drive profit gains. If top-line growth remains muted, sustaining margin-led improvements becomes harder long term and constrains market share expansion and TAM capture across delivery and mobility.

Autonomy execution & capital intensity

AV strategy offers scale benefits but requires heavy capital, OEM ramps, depots/charging, and regulatory approvals. Upfront low margins and financing complexity mean AVs could be a multi-year drag on cash and management focus, adding execution risk to long-term profitability.

Rising litigation and liability risk

Large verdicts and thousands of pending cases create sustained legal, regulatory and insurance-cost pressure. Adverse rulings or higher insurance exposures can permanently raise operating costs, constrain marketplace rules and damage brand trust—structural risks to margins and growth.

Uber Technologies Business Overview & Revenue Model

Company Description

Uber Technologies, Inc. develops and operates proprietary technology applications in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. It connects consumers with independent providers of ride services for ridesharing services; and connects riders and other consumers with restaurants, grocers, and other stores with delivery service providers for meal preparation, grocery, and other delivery services. The company operates through three segments: Mobility, Delivery, and Freight. The Mobility segment provides products that connect consumers with mobility drivers who provide rides in a range of vehicles, such as cars, auto rickshaws, motorbikes, minibuses, or taxis. It also offers financial partnerships, transit, and vehicle solutions offerings. The Delivery segment allows consumers to search for and discover local restaurants, order a meal, and either pick-up at the restaurant or have the meal delivered; and offers grocery, alcohol, and convenience store delivery, as well as select other goods. The Freight segment connects carriers with shippers on the company's platform and enable carriers upfront, transparent pricing, and the ability to book a shipment, as well as transportation management and other logistics services offerings. The company was formerly known as Ubercab, Inc. and changed its name to Uber Technologies, Inc. in February 2011. Uber Technologies, Inc. was founded in 2009 and is headquartered in San Francisco, California.

How the Company Makes Money

Uber generates revenue primarily through its ride-hailing and delivery services. In the ride-hailing segment, the company charges a commission on each fare, typically ranging from 15% to 30%, depending on the city and type of service. For Uber Eats, the company earns money by charging restaurants a commission on orders placed through the platform, as well as delivery fees from customers. Additionally, Uber has introduced subscription services like Uber Pass and Eats Pass, which provide users with benefits for a monthly fee. The company also generates revenue from freight services by charging shippers a fee for using the platform, which connects them with carriers. Strategic partnerships with various companies, including restaurants and automotive manufacturers, further enhance its revenue streams by expanding its service offerings and market reach.

Uber Technologies Financial Statement Overview

Summary

Strong profitability and cash generation: TTM EBIT margin ~14.6%, net margin ~19.3%, and free cash flow ~$9.8B with ~12.7% TTM growth. Balance sheet leverage has improved materially versus prior years, supporting the shift to a more durable, cash-generative model. The main constraint is the recent revenue-growth slowdown (2024 ~0.2%, TTM ~4.9%), increasing reliance on continued efficiency/mix gains.

Income Statement

TTM (Trailing-Twelve-Months) results show a clear profitability step-up: revenue reached ~$52.0B with solid operating profitability (EBIT margin ~14.6%) and strong net profitability (net margin ~19.3%). The multi-year trajectory is notable—moving from sizable losses in 2020–2022 to meaningful profits in 2023–TTM—while gross margin has remained relatively stable around ~39–40% in recent periods. The main offset is the sharp deceleration in revenue growth in 2024 (~0.2%) and a moderate TTM growth rate (~4.9%), which suggests the earnings improvement is coming more from efficiency and mix than from accelerating top-line expansion.

Balance Sheet

Leverage has improved materially versus prior years: TTM debt is ~$13.5B against ~$27.2B of equity, and the company’s debt-to-equity has compressed sharply versus 2022–2023 when leverage was meaningfully higher. Return on equity is very strong in 2024–TTM, reflecting the swing to sustained profitability. Key watchouts are that debt dollars have risen versus 2024 (even as equity rose faster), and the recent high return on equity may be aided by the relatively smaller equity base versus total assets, making the metric more sensitive to profit swings.

Cash Flow

Cash generation is a major strength: TTM operating cash flow is ~$10.1B and free cash flow is ~$9.8B, with double-digit TTM free-cash-flow growth (~12.7%). Free cash flow closely tracks net income (TTM ~0.97x), supporting earnings quality. A limitation is that operating cash flow is somewhat below net income (TTM ~0.82x), implying some working-capital or timing headwinds even as overall cash conversion remains strong and far improved versus 2020–2022 when cash flow was negative or weak.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	52.02B	43.98B	37.28B	31.88B	17.45B
Gross Profit	20.68B	17.33B	14.82B	12.22B	8.10B
EBITDA	6.96B	5.38B	3.78B	-7.91B	360.00M
Net Income	10.05B	9.86B	1.89B	-9.14B	-496.00M
Balance Sheet
Total Assets	61.80B	51.24B	38.70B	32.11B	38.77B
Cash, Cash Equivalents and Short-Term Investments	8.26B	7.52B	6.21B	4.99B	4.93B
Total Debt	13.47B	11.44B	11.83B	11.72B	11.60B
Total Liabilities	33.72B	28.77B	26.02B	23.61B	23.43B
Stockholders Equity	27.04B	21.56B	11.25B	7.34B	14.46B
Cash Flow
Free Cash Flow	9.76B	6.89B	3.36B	390.00M	-743.00M
Operating Cash Flow	10.10B	7.14B	3.58B	642.00M	-445.00M
Investing Cash Flow	-3.67B	-4.03B	-3.23B	-1.64B	-1.20B
Financing Cash Flow	-5.60B	-1.24B	-95.00M	15.00M	1.78B

Uber Technologies Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 73.86
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For UBER, the sentiment is Negative. The current price of 73.86 is below the 20-day moving average (MA) of 75.97, below the 50-day MA of 80.34, and below the 200-day MA of 88.82, indicating a bearish trend. The MACD of -2.87 indicates Negative momentum. The RSI at 40.59 is Neutral, neither overbought nor oversold. The STOCH value of 61.10 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for UBER.

Uber Technologies Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
UBER	74 Outperform	$149.77B	15.45	41.37%	―	18.25%	277.10%
CART	72 Outperform	$9.53B	22.28	―	―	10.16%	18.29%
YMM	71 Outperform	$9.98B	18.60	10.30%	0.73%	19.01%	28.26%
DASH	66 Neutral	$74.73B	82.89	10.48%	―	24.46%	―
LYFT	64 Neutral	$5.46B	1.96	140.78%	―	14.90%	―
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
GRAB	60 Neutral	$18.18B	67.38	4.07%	―	20.22%	―

Uber Technologies Corporate Events

Uber Acquires Getir’s Türkiye Food Delivery Portfolio

On February 8, 2026, Uber Technologies agreed with Mubadala Investment Company to acquire Getir’s delivery portfolio in Türkiye, starting with 100% of Getir’s food delivery business for $335 million in cash, after the unit generated more than $1 billion in gross bookings in 2025. Uber will also invest $100 million for a 15% stake in Getir’s grocery, retail and water delivery operations, with the remaining non-food assets to be acquired over the next few years subject to performance and regulatory approvals, deepening Uber’s commitment to Türkiye and integrating Getir and Trendyol Go to broaden choice for consumers and merchants while expanding courier opportunities.

Following completion, Uber plans to link Getir’s super app and Trendyol Go so users can access a wider restaurant base and grocery selection, aiming to build a more competitive on-demand ecosystem in a high-growth digital market. The transaction underscores Uber’s push to consolidate its position in Türkiye’s food and quick-commerce sectors, though its ultimate impact will depend on regulatory clearance, execution of planned synergies and the ability to manage operational risks and stakeholder relationships during the phased integration.

The most recent analyst rating on (UBER) stock is a Buy with a $103.00 price target. To see the full list of analyst forecasts on Uber Technologies stock, see the UBER Stock Forecast page.

Uber announces CFO transition alongside strong year-end results

Uber said on February 4, 2026 that Chief Financial Officer Prashanth Mahendra-Rajah will step down on February 16, 2026, staying on as senior finance advisor through July 1 while Strategic Finance VP Balaji Krishnamurthy becomes CFO under a new compensation package that includes $600,000 salary and $17.5 million in equity awards, underscoring leadership stability after Mahendra-Rajah’s qualifying termination under the executive severance plan. The company simultaneously reported fourth-quarter 2025 results showing 22% growth in trips and gross bookings, record operating income of $1.8 billion, adjusted EBITDA of $2.5 billion and free cash flow of $2.8 billion, framing a robust finish to 2025 that supports management’s confidence in sustaining double-digit growth into 2026.

The most recent analyst rating on (UBER) stock is a Buy with a $109.00 price target. To see the full list of analyst forecasts on Uber Technologies stock, see the UBER Stock Forecast page.

Uber Updates Performance Metrics to Emphasize Non-GAAP Income

Uber Technologies said it will overhaul its key performance metrics beginning in the first quarter of 2026, replacing Adjusted EBITDA with new non-GAAP measures—Non-GAAP Operating Income, Non-GAAP Net Income and Non-GAAP EPS—that move its reporting closer to GAAP by incorporating depreciation, amortization (excluding acquired intangibles) and stock-based compensation, while excluding only select non-core items such as unrealized gains and losses on securities, foreign exchange effects and losses from equity method investments. The company will also shift its internal segment metric from Segment Adjusted EBITDA to Segment Operating Income and, starting with its 2025 annual report, will reclassify interest income as a separate line item in its income statement; together with the release of seven quarters of historical reconciliations through September 30, 2025, these changes are aimed at providing investors and management with a clearer, more comparable view of underlying operating performance across its Mobility, Delivery and Freight businesses without altering previously reported GAAP results.

The most recent analyst rating on (UBER) stock is a Buy with a $130.00 price target. To see the full list of analyst forecasts on Uber Technologies stock, see the UBER Stock Forecast page.