Filing Flows › Lyft (LYFT) › Q2 2025
Lyft (LYFT) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 7, 2025
Lyft (LYFT) reported revenue of $1.6B for the second quarter 2025 (Q2 2025), +11% from a year earlier and +10% from the quarter before. Operating margin was 0.2%, net earnings $40.3M (2.5% of revenue).
Lyft, Q2 2025: revenue $1.6B (+11% year over year), operating margin 0.2%, net earnings $40.3M, operating cash flow $344M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.6B | +10% | +11% |
| Operating profit | $2.4M | — | — |
| Net earnings | $40.3M | 16× | +704% |
| Operating cash flow | $344M | +20% | +24% |
| Free cash flow | $329M | — | +28% |
What changed
Revenue was $1.6B in Q2 2025, up 11% year over year and up 10% from the previous quarter.
Operating profit was $2.4M, a 0.2% margin (up 2.0 points year over year). Total costs grew 8% against revenue growth of 11%. The fastest-growing cost line was Cost of revenue (+14%). Net earnings were $0.04B, up 704% year over year. The effective tax rate was 9.2%. Non-operating items added $0.04B, 95% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $0.34B (up 24% year over year), 853% of net earnings. Non-cash charges added back $0.03B of depreciation and amortization and $0.08B of share-based compensation. Working capital and other items added $0.19B. After purchases of property and equipment and scooter fleet ($0.01B), free cash flow as the company reports it was $0.33B.
Questions
What was Lyft's revenue in the second quarter 2025?
Lyft (LYFT) reported revenue of $1.6B for the second quarter 2025 (Q2 2025), +11% from a year earlier and +10% from the quarter before.
Was Lyft profitable in the second quarter 2025?
Operating profit was $2.4M (0.2% of revenue) and net earnings $40.3M.
Source: Lyft 10-Q on SEC EDGAR.