Filing Flows › Lyft (LYFT) › Q4 2025
Lyft (LYFT) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 11, 2026
Lyft (LYFT) reported revenue of $1.6B for the fourth quarter 2025 (Q4 2025), +3% from a year earlier and -5% from the quarter before. Operating margin was -11.6%, net earnings $2.8B (173.0% of revenue).
Lyft, Q4 2025: revenue $1.6B (+3% year over year), operating margin -11.6%, net earnings $2.8B, operating cash flow $246M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.6B | -5% | +3% |
| Operating profit | −$185M | -903% | — |
| Net earnings | $2.8B | 60× | — |
| Operating cash flow | $246M | -15% | +61% |
| Free cash flow | $228M | — | +63% |
What changed
Revenue was $1.6B in Q4 2025, up 3% year over year and down 5% from the previous quarter.
Operating costs exceeded revenue by $0.19B, an operating margin of -11.6%. Total costs grew 17% against revenue growth of 3%. The fastest-growing cost line was General & admin (+56%). Net earnings were $2.8B, up 4363% year over year. Non-operating items added $0.04B, -25% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $0.25B (up 61% year over year), 9% of net earnings. Non-cash charges added back $0.04B of depreciation and amortization and $0.08B of share-based compensation. Working capital and other items used $2.6B. Capital expenditures of $0.02B left free cash flow of $0.23B.
Questions
What was Lyft's revenue in the fourth quarter 2025?
Lyft (LYFT) reported revenue of $1.6B for the fourth quarter 2025 (Q4 2025), +3% from a year earlier and -5% from the quarter before.
Was Lyft profitable in the fourth quarter 2025?
Operating loss was $185M (-11.6% of revenue) and net earnings $2.8B.
Source: Lyft 10-K on SEC EDGAR.