Filing Flows › Lyft (LYFT) › Q3 2025
Lyft (LYFT) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 5, 2025
Lyft (LYFT) reported revenue of $1.7B for the third quarter 2025 (Q3 2025), +11% from a year earlier and +6% from the quarter before. Operating margin was 1.4%, net earnings $46.1M (2.7% of revenue).
Lyft, Q3 2025: revenue $1.7B (+11% year over year), operating margin 1.4%, net earnings $46.1M, operating cash flow $291M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.7B | +6% | +11% |
| Operating profit | $23.1M | +849% | — |
| Net earnings | $46.1M | +14% | — |
| Operating cash flow | $291M | -15% | +10% |
| Free cash flow | $278M | — | +14% |
What changed
Revenue was $1.7B in Q3 2025, up 11% year over year and up 6% from the previous quarter.
Operating profit was $0.02B, a 1.4% margin (up 5.1 points year over year). Total costs grew 5% against revenue growth of 11%. The fastest-growing cost line was Sales & marketing (+13%). Net earnings were $0.05B. The effective tax rate was -4.4%. Non-operating items added $0.02B, 48% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $0.29B (up 10% year over year), 632% of net earnings. Non-cash charges added back $0.03B of depreciation and amortization and $0.07B of share-based compensation. Working capital and other items added $0.14B. 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 third quarter 2025?
Lyft (LYFT) reported revenue of $1.7B for the third quarter 2025 (Q3 2025), +11% from a year earlier and +6% from the quarter before.
Was Lyft profitable in the third quarter 2025?
Operating profit was $23.1M (1.4% of revenue) and net earnings $46.1M.
Source: Lyft 10-Q on SEC EDGAR.