Lyft (NASDAQ:LYFT) Announces Quarterly Earnings Results

Lyft (NASDAQ:LYFT) posted its earnings results on Thursday. The ride-sharing company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.01), FiscalAI reports. Lyft had a net margin of 42.32% and a negative return on equity of 1.30%. The firm had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter in the prior year, the business posted $0.10 earnings per share. Lyft’s revenue for the quarter was up 16.1% compared to the same quarter last year.

Here are the key takeaways from Lyft’s conference call:

• Lyft reported record Q2 performance, including more than 30 million active riders, 262 million rides, and $5.5 billion in gross bookings, up 23% year over year. Adjusted EBITDA increased 37%, while trailing-12-month free cash flow exceeded $1 billion for the fourth consecutive quarter.
• Management expects rides growth to accelerate in the second half of 2026 across North American rideshare, bikes, and FreeNow. Growth is being supported by faster pickup times, Lyft Teen and Lyft Silver, strong Canadian and European performance, and continued expansion in higher-value ride modes.
• Partnerships reached a new high, with approximately 30% of North American rides linked to a partner. Lyft said DoorDash, United Airlines, Chase, and other relationships remain early-stage opportunities, while its Waymo partnership in Nashville is on track for a purpose-built depot in October and supply sharing before year-end.
• Driver supply and engagement remain strong, according to management, with active drivers and driver hours near record levels, driver earnings up about 8% per ride year over year, and Lyft claiming a roughly 30-point preference advantage among multi-platform drivers.
• The gap between gross-bookings growth and rides growth reflects business mix, including seasonally stronger bikes activity and the lapping of FreeNow acquisition timing. Autonomous-vehicle operations in London and Nashville are currently expected to have minimal near-term P&L impact, although Lyft believes the long-term unit economics and market expansion opportunity are attractive.

Lyft Trading Up 7.1%

LYFT traded up $1.16 during trading on Friday, reaching $17.46. 23,940,024 shares of the stock traded hands, compared to its average volume of 11,629,653. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.33. The stock’s 50-day moving average is $14.95 and its 200 day moving average is $14.55. Lyft has a 12 month low of $12.46 and a 12 month high of $25.54. The stock has a market capitalization of $6.63 billion, a PE ratio of 2.54, a P/E/G ratio of 0.97 and a beta of 1.80.

Analysts Set New Price Targets

Several research firms have recently issued reports on LYFT. William Blair downgraded Lyft to a “market perform” rating in a research note on Wednesday, June 17th. Morgan Stanley lifted their target price on shares of Lyft from $17.00 to $18.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 30th. Oppenheimer started coverage on shares of Lyft in a report on Wednesday, June 17th. They set an “outperform” rating on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Lyft in a report on Monday. Finally, Sanford C. Bernstein assumed coverage on shares of Lyft in a research report on Wednesday, June 17th. They issued an “underperform” rating for the company. Thirteen analysts have rated the stock with a Buy rating, twenty-two have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $19.57.

Lyft News Summary

Here are the key news stories impacting Lyft this week:

• Positive Sentiment: Record demand and bookings: Second-quarter gross bookings rose 23% year over year to $5.5 billion, revenue increased 16% to $1.84 billion, and active riders and rides reached records of 30.5 million and 262 million, respectively. Growth was supported by higher-value rides, international expansion and partnerships. Reuters article
• Positive Sentiment: Improving profitability: Adjusted EBITDA climbed 37% to $177.2 million, while the adjusted EBITDA margin improved to 3.2% of bookings from 2.9% a year earlier. Lyft also had $850 million remaining under its 2026 share-repurchase authorization as of June 30, potentially supporting per-share value. Seeking Alpha article
• Positive Sentiment: Constructive near-term outlook: Lyft forecast third-quarter gross bookings of approximately $5.50 billion to $5.67 billion, slightly above expectations, suggesting demand remains resilient even as growth moderates. Several analysts raised targets, including RBC to $20, Piper Sandler to $21 and JPMorgan to $19. RBC price-target article

Insiders Place Their Bets

In related news, CAO Stephen W. Hope sold 5,460 shares of the company’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $13.76, for a total transaction of $75,129.60. Following the sale, the chief accounting officer owned 335,463 shares in the company, valued at $4,615,970.88. This represents a 1.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jill Beggs sold 2,093 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $13.76, for a total value of $28,799.68. Following the sale, the director directly owned 30,092 shares of the company’s stock, valued at $414,065.92. This represents a 6.50% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 81,749 shares of company stock valued at $1,221,950. Insiders own 0.92% of the company’s stock.

Institutional Trading of Lyft

Large investors have recently modified their holdings of the stock. University of Texas Texas AM Investment Management Co. acquired a new position in shares of Lyft during the 4th quarter valued at $26,000. Tower Research Capital LLC TRC increased its stake in Lyft by 410.6% in the second quarter. Tower Research Capital LLC TRC now owns 3,217 shares of the ride-sharing company’s stock valued at $51,000 after purchasing an additional 2,587 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Lyft by 763.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,073 shares of the ride-sharing company’s stock valued at $59,000 after purchasing an additional 2,717 shares during the period. Quarry LP raised its holdings in shares of Lyft by 62.8% during the third quarter. Quarry LP now owns 3,227 shares of the ride-sharing company’s stock valued at $71,000 after purchasing an additional 1,245 shares during the period. Finally, Danske Bank A S bought a new position in shares of Lyft during the 3rd quarter worth about $75,000. Institutional investors and hedge funds own 83.07% of the company’s stock.

Lyft Company Profile

Lyft, Inc (NASDAQ: LYFT) operates a peer-to-peer ridesharing platform that connects passengers with drivers through a mobile application. Since its founding in 2012, the company has expanded beyond traditional ride-hailing to include bike and electric scooter rentals, while also offering rental cars and public transit options in select markets. Lyft’s platform uses GPS mapping and dynamic pricing algorithms to optimize driver-passenger matches and route efficiency.

Headquartered in San Francisco, California, Lyft primarily serves urban and suburban markets across the United States and Canada.