OverviewSuggest Edit

Lyft is a rideshare company. It operates a transportation platform that connects passengers with drivers. The company designs, markets, and operates a mobile application that matches drivers with passengers who request rides, and also allows payment through the app. It also allows riders to schedule rides up to seven days in advance.

TypePublic
Founded2012
HQSan Francisco, US
Websitelyft.com
Employee Ratings3.6
Culture scoreB

Latest Updates

Employees (est.) (Apr 2020)4,413(-22%)
Job Openings123
Revenue (FY, 2019)$3.6 B(+68%)
Share Price (May 2020)$31.3 (+3%)

Key People/Management at Lyft

Ran Makavy

Ran Makavy

Executive Vice President and Chief Product Officer
Ben Horowitz

Ben Horowitz

Director
Brian Roberts

Brian Roberts

Chief Financial Officer
Anthony Foxx

Anthony Foxx

Chief Policy Officer
Kristin Sverchek

Kristin Sverchek

General Counsel and Secretary
Valerie Jarrett

Valerie Jarrett

Director
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Lyft Office Locations

Lyft has offices in San Francisco, Atlanta, Austin, Baltimore and in 25 other locations
San Francisco, US (HQ)
185 Berry St #5000
Atlanta, US
814 Bellemeade Ave NW
Austin, US
1021 E 7th St #102
Baltimore, US
1501 St Paul St
Chicago, US
Chicago, IL, USA
Dallas, US
Dallas, TX, USA
Show all (30)

Lyft Financials and Metrics

Lyft Revenue

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Lyft's revenue was reported to be $3.62 b in FY, 2019 which is a 67.7% increase from the previous period.
USD

Revenue (Q1, 2020)

955.7m

Gross profit (Q1, 2020)

413.3m

Gross profit margin (Q1, 2020), %

43.2%

Net income (Q1, 2020)

(398.1m)

EBIT (Q1, 2020)

(414.1m)

Market capitalization (22-May-2020)

9.6b

Closing stock price (22-May-2020)

31.3

Cash (31-Mar-2020)

597.9m

EV

9.4b
Lyft's current market capitalization is $9.6 b.
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Revenue

343.3m1.1b2.2b3.6b

Gross bookings

1.9b4.6b8.1b

Revenue growth, %

71%209%103%68%

Cost of goods sold

279.0m659.5m1.2b2.2b
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Revenue

172.8m238.9m303.5m397.2m504.9m585.0m776.0m867.3m955.6m955.7m

Cost of goods sold

118.6m143.9m189.0m260.6m293.2m322.6m462.9m630.1m580.7m542.4m

Gross profit

54.2m95.0m114.5m136.6m211.7m262.3m313.2m237.1m374.9m413.3m

Gross profit Margin, %

31%40%38%34%42%45%40%27%39%43%
Annual
USDFY, 2017FY, 2018FY, 2019

Cash

1.1b517.7m358.3m

Prepaid Expenses

173.0m282.6m397.2m

Current Assets

2.6b2.3b3.2b

PP&E

14.2m109.3m188.6m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020

Cash

329.5m417.4m543.9m597.9m

Prepaid Expenses

345.5m367.5m426.4m474.9m

Current Assets

1.4b3.7b3.5b3.1b

PP&E

120.5m138.1m160.0m360.5m
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Net Income

(682.8m)(688.3m)(911.3m)(2.6b)

Depreciation and Amortization

527.0k2.6m18.8m108.4m

Accounts Payable

24.9m21.4m(40.8m)5.1m

Cash From Operating Activities

(487.2m)(393.5m)(280.7m)(105.7m)
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020

Net Income

(1.1b)(1.8b)(2.2b)(398.1m)

Depreciation and Amortization

23.1m54.2m84.4m35.5m

Accounts Payable

1.2m(22.4m)(733.0k)500.0m

Cash From Operating Activities

(84.8m)(69.5m)(59.5m)(206.9m)
USDY, 2020

EV/EBIT

-22.8 x

EV/CFO

-45.5 x

Financial Leverage

2.1 x
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Lyft Acquisitions / Subsidiaries

Company NameDateDeal Size
Halo CarsFebruary 24, 2020
Flexdrive , LLCFebruary 11, 2020$20 m
Blue Vision LabsOctober 23, 2018
Citi BikeJuly 02, 2018
Motivate InternationalJune 01, 2018$250 m
KamcordNovember 17, 2017
DataScoreAugust 10, 2017
YesGraphAugust 10, 2017
FinitePaths Inc.March 20, 2017
LeoJune 26, 2015
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Lyft Online and Social Media Presence

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Lyft Company Culture

  • Overall Culture

    B

    72/100

  • CEO Rating

    A

    77/100

  • Compensation

    C

    63/100

  • Diversity

    B-

    70/100

Learn more on Comparably

Lyft News and Updates

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Lyft, Waymo Agree to Work on Self-Driving Car Technology

Lyft, Waymo Agree to Work on Self-Driving Car TechnologyIn the race to the self-driving future, Lyft has agreed to work with Waymo, the self-driving car company owned by Google's parent company, to bring autonomous vehicles to the masses, both companies told NBC News on Sunday night.

A social impact expert for Lyft shares her advice for helping during a crisis: Giving cash might be the best option, even if it's not 'sexy' (LYFT)

Joan Hanawi has a cool tech job: She's a social impact manager at Lyft.  Hanawi helps Lyft decide how to give back to local communities. She helped create Lyft's Jobs Access program, which gives people access to transportation, with the intention of putting them on a path of upward mobility.  Now …

Some Uber, Lyft drivers fear companies will use unemployment benefits against them

Drivers for Uber and Lyft in California think applying for expanded unemployment benefits for the self-employed could undermine their fight to be labeled as employees instead of independent contractors.

Lyft partners with anti-sexual violence organization to offer free rides

Ride-hailing company Lyft and the Rape, Abuse and Incest National Network (RAINN), the nation’s largest anti-sexual violence organization, announced a new pilot program Tuesday aimed at providing victims of sexual violence with resources to flee from their abusers.

Lyft Announces First Quarter Results

First quarter revenue grew to $955.7 million, up 23% year-over-year Ended quarter with $2.7 billion of unrestricted cash, cash equivalents and short-term investments

Lyft partners with One Medical to offer drivers virtual care platform

The programme is already available to drivers in Chicago, Portland, San Diego and Seattle and is now expanding to include the San Francisco Bay Area, New York City, Los Angeles, Boston, Phoenix, and Washington D.C.
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Lyft Blogs

The Perfect Pairing: Dine Out Vancouver and Lyft

Dine Out Vancouver is happening from January 17 to February 2 and we’re thrilled to be the official rideshare partner of all the delicious festivities. So ... forget about driving, parking, or finding a designated driver — and ride with us.To make sampling the best of Vancouver even tastier, get $5 …

This New Year's Eve, Pop a Bottle, Get a Ride

Two ingredients necessary for the perfect New Year’s Eve celebration: a nice bottle of bubbly and a responsible ride home. This year, we’re making both a lot easier (and a lot more sparkly) for a few lucky individuals in New York City, Boston, Philadelphia, and Miami. We’re dropping bottles of our l…

Lyft Supports Local Nonprofits With More Than $160,000 in Transportation Grants

Local nonprofits work hard year-round to improve lives in their communities — often without the funding larger organizations have. To recognize the contributions of local nonprofits and ease transportation barriers they face, we award grants in the form of Lyft ride credit to a variety of local …

Lyft Now Conducts Nationwide Continuous Driving Record Screening

We want every Lyft ride to be safe for everyone in the car. That’s why we hold all members of our community to a high standard of conduct. Criminal background and DMV checks are a fundamental part of our approach to safety. We require all drivers to pass rigorous, professionally administered scr…

Introducing Lyft Rentals

We’re building the future of transportation into one app to minimize the need for personal car ownership. You shouldn’t have to own a car to get around (or to get out of) your city. But sometimes you need a car to go longer distances. That’s why we’ve launched Lyft Rentals in select cities.Last yea…

Making Our Roads Safer This Holiday Season

Every holiday season, hundreds of lives are lost due to impaired drivers on the roads¹. To help keep impaired partygoers out of the driver’s seat this holiday season, we’re partnering with the Governor’s Highway Safety Association (GHSA) for the second year in a row. Funded by Lyft and administe…
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Lyft Frequently Asked Questions

  • When was Lyft founded?

    Lyft was founded in 2012.

  • Who are Lyft key executives?

    Lyft's key executives are Ran Makavy, Ben Horowitz and Brian Roberts.

  • How many employees does Lyft have?

    Lyft has 4,413 employees.

  • What is Lyft revenue?

    Latest Lyft annual revenue is $3.6 b.

  • What is Lyft revenue per employee?

    Latest Lyft revenue per employee is $819.4 k.

  • Who are Lyft competitors?

    Competitors of Lyft include Didi Chuxing, Gett and Grab.

  • Where is Lyft headquarters?

    Lyft headquarters is located at 185 Berry St #5000, San Francisco.

  • Where are Lyft offices?

    Lyft has offices in San Francisco, Atlanta, Austin, Baltimore and in 25 other locations.

  • How many offices does Lyft have?

    Lyft has 30 offices.