Lyft, Inc. has recently released its 10-K report, providing a comprehensive overview of its business operations and financial performance. Lyft operates a peer-to-peer marketplace for on-demand ridesharing in the United States and Canada, offering access to various transportation options through its platform and mobile-based applications. The company's platform connects drivers with riders and includes a car rental program for drivers and a network of shared bikes and scooters in various cities. In addition, Lyft recently completed the acquisition of Freenow, a European multimodal application with a taxi offering, and TBR, a global premium ground transportation and chauffeur service company.
In the financial and operational results for the year ended December 31, 2025, Lyft reported a 9% increase in revenue, reaching $6,316.3 million compared to $5,786.0 million in 2024. Net income for the year ended December 31, 2025, amounted to $2,844.0 million, a significant increase from $22.8 million in 2024. The company also reported a 38% increase in net cash provided by operating activities, reaching $1,168.4 million in 2025 compared to $849.7 million in 2024.
Key metrics and non-GAAP financial measures also showed positive growth. The number of active riders for the fourth quarter of 2025 reached 29.2 million, marking an 18% increase from 24.7 million in 2024. Rides increased by 14% to 945.5 million, and gross bookings reached $18,507.0 million, a 15% increase from $16,099.4 million in 2024. Adjusted EBITDA for the year ended December 31, 2025, amounted to $528.8 million, representing a 38% increase from $382.4 million in 2024.
Lyft's recent acquisitions of Freenow and TBR have marked its expansion beyond North America, signaling the company's strategic growth into the European and global markets.
The company's financial performance and operational metrics demonstrate its continued growth and expansion, with a focus on improving marketplace health, international expansion, and increased rider and driver engagement. The 10-K report provides a comprehensive insight into Lyft's financial position, results of operations, and recent developments, showcasing its commitment to expanding its presence and enhancing its offerings in the ridesharing and transportation industry. The market has reacted to these announcements by moving the company's shares -2.91% to a price of $18.33. If you want to know more, read the company's complete 10-K report here.
