Ridesharing app Lyft is in celebration right now, and you know why? Its finances are at their peak during the first quarter of 2026
The chief financial officer of the ridesharing app, Erin Brewer, expressed how the company has executed another strong quarter with not merely single-, but double-digit year-over-year growth across its Active Riders and Gross Bookings.
And wait until you hear this…
… it has generated over a whopping $1 billion, that’s right, in cash for the trailing 12 months. Brewer is saying that these results reflect the strength of Lyft’s foundation, driving confidence across the company and its affiliates, not subsidiaries, to accelerate in the second-quarter.
David Risher, the CEO of Lyft, stated, “Our customer-obsessed comeback continues. We delivered on all our financial commitments, grew our share in the United States, and deepened our global expansion. Looking ahead, our state-of-the-art Flexdrive AV operation in Nashville sets the stage for a hybrid AV future. Lyft is performing while transforming.”
Ridesharing Forum couldn’t agree more. Here is the concise report of Lyft’s financial performance lately:
- Gross bookings are at $4.9 billion, up 19 percent year-over-year.
- Revenue is at $1.7 billion, up 14 percent year-over-year.
- There is a net income of $14.2 million compared to $2.6 million during the similar quarter last year.
- That being said, the net income as a percentage of gross bookings is at 0.3 percent compared to 0.1 percent last year, same quarter.
- The adjusted EBITDA is also up 25 percent year-over-year, particularly at $132.8 million compared to $106.5 million in the similar quarter in 2025.
- The adjusted EBITDA margin as a percentage of gross bookings is at 2.7 percent compared to 2.6 percent during the similar quarter last year.
- Furthermore, the net cash provided by operating activities is at $308 million, compared to $287.2 million during the first quarter of 2025.
- For the trailing twelve months, net cash provided by operating activities was $1.2 billion.
- Moreover, there is a free cash flow of $287.3 million compared to $280.7 million in the first quarter of 2025.
- That said, for the trailing twelve months, free cash flow was $1.1 billion, an all-time high.
In terms of operations, the highlights include that Lyft’s Active Riders, its leading growth indicator, went up 17 percent year-over-year to a whopping 28.3 million. A record-breaking number of those wanting to become drivers for Lyft.
These financial results also include Lyft’s acquisition, such as that of Gett, as reported by Ridesharing Forum previously.
Its FlexDrive AV operations in Nashville are also bound to open this fall. The company also confirmed its first Baidu vehicles secured in Great Britain lately.
Plus, almost 27 percent of rides in North America were linked to a partnership, an all-time high, and the company has likewise expanded its offerings across some of their largest team-ups, including Chase, DoorDash, and United Airlines. Whoa!
So, if you’re still having second thoughts about why book with Lyft, it’s about time you hop along this success. For more ridesharing news, keep reading Ridesharing Forum’s insights!