Lyft, Inc.

LYFTUS

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 network. Among its primary services is the Ridesharing Marketplace, which seamlessly connects drivers with passengers. For drivers, the company provides Express Drive, a flexible program for vehicle rentals. Consumers can also utilize Lyft Rentals for longer-distance travel needs. Furthermore, in numerous urban centers, Lyft operates a fleet of shared bikes and scooters, ideal for shorter journeys. The Lyft app enhances its utility by incorporating public transit data, thereby expanding the array of available transport options for users. Beyond these offerings, the company also provides access to autonomous vehicles, specialized enterprise transportation solutions (including concierge services for organizations), and subscription benefits through its Lyft Pink plans. Additional services include Lyft Pass commuter programs, first-mile and last-mile connectivity, and university safe rides initiatives. Established in 2007, the company initially operated as Zimride, Inc. before officially rebranding to Lyft, Inc. in April 2013. Its corporate headquarters are located in San Francisco, California.

Founded2007IPO year2019As of2026-08-04
Market Cap
$6.32B
Enterprise Value
$5.85B
EV / LTM Revenue
0.9x
EV / NTM Revenue
0.7x
Trading multiples

Enterprise value over trailing (LTM) vs. forward (NTM) fundamentals. Click an LTM cell to chart it.

LTM
trailing
NTM
forward
Revenue
0.7x
Gross Profit
1.7x
EBITDA
2.1x
Classification
Sector
Internet & Digital Commerce
Sub-sector
Mobility & Transport Platforms
Listing
LYFT
Country
US
Historical valuation & fundamentals

EV / LTM Revenue

Annual financials & analyst forecasts

$MCY2021CY2022CY2023CY2024CY2025CY2026ECY2027E
Revenue YoY28%8%31%9%16%13%
Revenue$3.21B$4.10B$4.40B$5.79B$6.32B$7.31B$8.23B
Gross Profit$1.53B$1.66B$1.86B$2.45B$2.62B
Gross Profit Margin47.7%40.5%42.2%42.3%41.5%
EBITDA($835M)($1.40B)($189M)$203M$103M$2.58B$2.91B
EBITDA Margin-26.0%-34.3%-4.3%3.5%1.6%35.3%35.3%
EBIT($1.11B)($1.46B)($476M)($119M)($188M)$2.54B$2.86B
Net Income($1.04B)($1.58B)($340M)$23M$2.84B$237M$403M
Free Cash Flow($181M)($352M)($248M)$766M$1.15B
FCF Margin-5.6%-8.6%-5.6%13.2%18.2%
Short-Term Debt$56M$36M$26M$429M$51M
Long-Term Debt$655M$803M$839M$566M$1.00B
Cash & Cash Equivalents$457M$281M$559M$759M$1.13B
Net Debt$254M$558M$307M$236M($79M)
Net Debt / EBITDA1.2x-0.8x
Rule of 4019.0%1.9%44.6%27.4%
Figures in $M. True calendar years (Jan–Dec) built from quarterly data — income & cash-flow lines summed across the four quarters, balance sheet as of year-end. E columns are calendarized analyst consensus — gross profit, cash flow and balance-sheet lines are not estimated. Net debt = short-term debt + long-term debt − cash & cash equivalents; Rule of 40 = YoY revenue growth + FCF margin.