Quarterly ResultMay 8, 2026, 06:07 AM
Lyft Q1 Revenue $1.65B, Net Income $14.25M; EPS $0.04
AI Summary
Lyft reported strong financial results for Q1 2026, with a significant increase in net income and revenue compared to the prior year. The company also generated positive operating cash flow and continued its share repurchase program. These results follow strategic acquisitions made in late 2025, including TBR Global Chauffeuring and Freenow, which expanded Lyft's market presence and service offerings.
Key Highlights
- Revenue increased by 13.81% to $1.65 billion for Q1 2026, up from $1.45 billion in Q1 2025.
- Net income surged by 455.98% to $14.25 million in Q1 2026, compared to $2.57 million in Q1 2025.
- Diluted earnings per share rose to $0.04 in Q1 2026 from $0.01 in Q1 2025.
- Net cash provided by operating activities grew by 7.12% to $307.68 million in Q1 2026.
- The company repurchased 21,276 thousand shares of Class A common stock, totaling $303.02 million.
- Acquired TBR Global Chauffeuring for $115.2 million and Freenow for $236.8 million in 2025.