Filing Flows › Lyft (LYFT) › Q1 2025
Lyft (LYFT) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 9, 2025
Lyft (LYFT) reported revenue of $1.5B for the first quarter 2025 (Q1 2025), +14% from a year earlier and -6% from the quarter before. Operating margin was -2.0%, net earnings $2.6M (0.2% of revenue).
Lyft, Q1 2025: revenue $1.5B (+14% year over year), operating margin -2.0%, net earnings $2.6M, operating cash flow $287M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.5B | -6% | +14% |
| Operating profit | −$28.8M | — | — |
| Net earnings | $2.6M | — | — |
| Operating cash flow | $287M | +87% | +84% |
| Free cash flow | $281M | — | +121% |
What changed
Revenue was $1.5B in Q1 2025, up 14% year over year and down 6% from the previous quarter.
Operating costs exceeded revenue by $0.03B, an operating margin of -2.0%. Total costs grew 10% against revenue growth of 14%. The fastest-growing cost line was Sales & marketing (+25%). Net earnings were $2.6M. The effective tax rate was 56.6%. Non-operating items added $0.03B, 587% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $0.29B (up 84% year over year), 11189% of net earnings. Non-cash charges added back $0.03B of depreciation and amortization and $0.09B of share-based compensation. Working capital and other items added $0.16B. After purchases of property and equipment and scooter fleet ($0.01B), free cash flow as the company reports it was $0.28B.
Questions
What was Lyft's revenue in the first quarter 2025?
Lyft (LYFT) reported revenue of $1.5B for the first quarter 2025 (Q1 2025), +14% from a year earlier and -6% from the quarter before.
Was Lyft profitable in the first quarter 2025?
Operating loss was $28.8M (-2.0% of revenue) and net earnings $2.6M.
Source: Lyft 10-Q on SEC EDGAR.