Lyft (NASDAQ:LYFT) Posts Earnings Results, Misses Estimates By $0.01 EPS

Lyft (NASDAQ:LYFT) announced its quarterly earnings results on Thursday. The ride-sharing company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.01), FiscalAI reports. Lyft had a negative return on equity of 1.30% and a net margin of 42.32%.The firm had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same period in the prior year, the business earned $0.10 earnings per share. The company’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 Stock Up 7.1%

NASDAQ:LYFT opened at $17.46 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.58 and a current ratio of 0.58. The company has a market cap of $6.63 billion, a PE ratio of 2.54, a PEG ratio of 0.97 and a beta of 1.80. Lyft has a 52-week low of $12.46 and a 52-week high of $25.54. The stock has a 50-day simple moving average of $14.95 and a 200 day simple moving average of $14.55.

Insider Transactions at Lyft

In other news, insider Lindsay Catherine Llewellyn sold 36,214 shares of Lyft stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $16.14, for a total value of $584,493.96. Following the sale, the insider directly owned 817,517 shares in the company, valued at $13,194,724.38. This trade represents a 4.24% decrease in their ownership of the stock. The transaction 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 business’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $13.76, for a total transaction of $28,799.68. Following the completion of the sale, the director directly owned 30,092 shares in the company, valued at approximately $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. Insiders sold a total of 81,749 shares of company stock worth $1,221,950 in the last 90 days. 0.92% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Lyft

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Invesco Ltd. lifted its position in Lyft by 9.4% during the 4th quarter. Invesco Ltd. now owns 2,724,969 shares of the ride-sharing company’s stock worth $52,783,000 after buying an additional 233,179 shares in the last quarter. Corient Private Wealth LLC grew its stake in Lyft by 324.4% in the fourth quarter. Corient Private Wealth LLC now owns 121,857 shares of the ride-sharing company’s stock valued at $2,360,000 after purchasing an additional 93,146 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its stake in Lyft by 10.7% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 274,844 shares of the ride-sharing company’s stock valued at $5,324,000 after purchasing an additional 26,664 shares in the last quarter. Vident Advisory LLC acquired a new position in shares of Lyft during the 4th quarter worth approximately $217,000. Finally, Beacon Pointe Advisors LLC raised its stake in shares of Lyft by 25.3% during the 4th quarter. Beacon Pointe Advisors LLC now owns 263,115 shares of the ride-sharing company’s stock worth $5,097,000 after purchasing an additional 53,100 shares in the last quarter. 83.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently commented on LYFT shares. Cantor Fitzgerald raised their price objective on Lyft from $14.00 to $17.00 and gave the stock a “neutral” rating in a research note on Friday. Citigroup assumed coverage on Lyft in a report on Wednesday, June 17th. They issued a “buy” rating for the company. Canaccord Genuity Group dropped their price target on Lyft from $16.00 to $15.00 and set a “hold” rating on the stock in a research report on Friday, May 8th. JPMorgan Chase & Co. lifted their price objective on Lyft from $18.00 to $19.00 and gave the company a “neutral” rating in a report on Friday. Finally, Royal Bank Of Canada boosted their price objective on Lyft from $18.00 to $20.00 and gave the company an “outperform” rating in a research report on Friday. Thirteen research analysts have rated the stock with a Buy rating, twenty-two have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Lyft currently has a consensus rating of “Hold” and an average target price of $19.57.

Key Stories Impacting Lyft

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

About Lyft

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.