Filing Flows › Lyft (LYFT) › Q1 2026
Lyft (LYFT) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 8, 2026
Lyft (LYFT) reported revenue of $1.7B for the first quarter 2026 (Q1 2026), +14% from a year earlier and +4% from the quarter before. Operating margin was -0.3%, net earnings $14.2M (0.9% of revenue).
Lyft, Q1 2026: revenue $1.7B (+14% year over year), operating margin -0.3%, net earnings $14.2M, operating cash flow $308M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.7B | +4% | +14% |
| Operating profit | −$5.3M | — | — |
| Net earnings | $14.2M | -99% | +455% |
| Operating cash flow | $308M | +25% | +7% |
| Free cash flow | $287M | — | +2% |
What changed
Revenue was $1.7B in Q1 2026, up 14% year over year and up 4% from the previous quarter.
Operating costs exceeded revenue by $0.01B, an operating margin of -0.3%. Total costs grew 12% against revenue growth of 14%. The fastest-growing cost line was Sales & marketing (+50%). Net earnings were $0.01B, up 455% year over year. The effective tax rate was 27.9%. Non-operating items added $0.03B, 127% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $0.31B (up 7% year over year), 2159% of net earnings. Non-cash charges added back $0.04B of depreciation and amortization and $0.09B of share-based compensation. Working capital and other items added $0.17B. After purchases of property and equipment and scooter fleet ($0.02B), free cash flow as the company reports it was $0.29B.
Questions
What was Lyft's revenue in the first quarter 2026?
Lyft (LYFT) reported revenue of $1.7B for the first quarter 2026 (Q1 2026), +14% from a year earlier and +4% from the quarter before.
Was Lyft profitable in the first quarter 2026?
Operating loss was $5.3M (-0.3% of revenue) and net earnings $14.2M.
Source: Lyft 10-Q on SEC EDGAR.