Company profile

Ticker
LYFT
Exchange
Website
CEO
Logan Green
Employees
Incorporated in
Location
Fiscal year end
SEC CIK
IRS number
208809830

LYFT stock data

(
)

Calendar

4 Nov 19
27 Jan 20
31 Dec 20

News

Company financial data Financial data

Quarter (USD) Sep 19 Jun 19 Mar 19 Sep 18
Revenue 955.6M 867.27M 776.03M 584.95M
Net income -463.48M -644.24M -1.14B -249.16M
Diluted EPS -1.57 -2.23 -48.53 -11.58
Net profit margin -48.50% -74.28% -147% -42.60%
Operating income -490.86M -672.92M -1.16B -268.68M
Net change in cash 126.48M 87.88M -759.13M 160.21M
Cash on hand 543.87M 417.39M 329.52M 1.09B
Cost of revenue 580.71M 630.14M 462.86M 322.61M

Financial data from LYFT earnings reports

46.0% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 320 269 +19.0%
Opened positions 112 158 -29.1%
Closed positions 61 112 -45.5%
Increased positions 115 54 +113.0%
Reduced positions 31 34 -8.8%
13F shares
Current Prev Q Change
Total value 5.94B 6.57B -9.6%
Total shares 131.82M 101.18M +30.3%
Total puts 6.9M 7.18M -4.0%
Total calls 8.82M 8.09M +9.0%
Total put/call ratio 0.8 0.9 -11.9%
Largest owners
Shares Value Change
FMR 17.27M $705.34M -11.4%
Vanguard 16.77M $684.92M +403.7%
AH Equity Partners III 9M $367.6M 0.0%
Citadel Advisors 8.18M $333.98M +153.3%
BABA Alibaba Group Holding 7.23M $295.1M NEW
AH Equity Partners III, L.L.C. 6.04M $246.67M 0.0%
JPM JPMorgan Chase & Co. 5.96M $243.25M +32.1%
BLK BlackRock 4.85M $198.17M +175.9%
Baillie Gifford & Co 3.51M $143.48M +102.5%
Glade Brook Capital Partners 2.86M $116.64M -31.1%
Largest transactions
Shares Bought/sold Change
Vanguard 16.77M +13.44M +403.7%
Falcon Edge Capital 0 -7.74M EXIT
BABA Alibaba Group Holding 7.23M +7.23M NEW
Citadel Advisors 8.18M +4.95M +153.3%
BLK BlackRock 4.85M +3.09M +175.9%
Paulson & Co. 151.17K -2.33M -93.9%
FMR 17.27M -2.22M -11.4%
Baillie Gifford & Co 3.51M +1.78M +102.5%
D. E. Shaw & Co. 0 -1.71M EXIT
Public Sector Pension Investment Board 1.71M +1.71M NEW

Financial report summary

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Competition
Booking
Risks
  • Our limited operating history and our evolving business make it difficult to evaluate our future prospects and the risks and challenges we may encounter.
  • We face intense competition and could lose market share to our competitors, which could adversely affect our business, financial condition and results of operations.
  • Our results of operations vary and are unpredictable from period-to-period, which could cause the trading price of our Class A common stock to decline.
  • The ridesharing market and the market for our other offerings, such as our network of shared bikes and scooters, are still in relatively early stages of growth and if such markets do not continue to grow, grow more slowly than we expect or fail to grow as large as we expect, our business, financial condition and results of operations could be adversely affected.
  • If we fail to cost-effectively attract new riders, or to increase utlization of our platform by our existing riders, our business, financial condition and results of operations could be harmed.
  • We rely substantially on our wholly-owned subsidiary and deductibles to insure our auto-related risks and on third-party insurance policies to insure our operations-related risks. If our insurance coverage is insufficient for the needs of our business or our insurance providers are unable to meet their obligations, we may not be able to mitigate the risks facing our business, which could adversely affect our business, financial condition and results of operations.
  • Our actual losses may exceed our insurance reserves, which could adversely affect our financial condition and results of operations.
  • We rely on a limited number of third-party insurance service providers for our auto-related insurance claims, and if such providers fail to service insurance claims to our expectations or we do not maintain business relationships with them, our business, financial condition and results of operations could be adversely affected.
  • If we are unable to efficiently develop our own autonomous vehicle technologies or develop partnerships with other companies to offer autonomous vehicle technologies on our platform in a timely manner, our business, financial condition and results of operations could be adversely affected.
  • Our reputation, brand and the network effects among the drivers and riders on our platform are important to our success, and if we are not able to continue developing our reputation, brand and network effects, our business, financial condition and results of operations could be adversely affected.
  • Illegal, improper or otherwise inappropriate activity of users, whether or not occurring while utilizing our platform, could expose us to liability and harm our business, brand, financial condition and results of operations.
  • If the contractor classification of drivers that use our platform is challenged, there may be adverse business, financial, tax, legal and other consequences.
  • We rely on third-party background check providers to screen potential drivers, and if such providers fail to provide accurate information or we do not maintain business relationships with them, our business, financial condition and results of operations could be adversely affected.
  • We are regularly subject to claims, lawsuits, government investigations and other proceedings that may adversely affect our business, financial condition and results of operations.
  • Changes to our pricing could adversely affect our ability to attract or retain qualified drivers and riders.
  • We could be subject to claims from riders, drivers or third parties that are harmed whether or not our platform is in use, which could adversely affect our business, brand, financial condition and results of operations.
  • Our revenue growth rate and financial performance in recent periods may not be indicative of future performance and such revenue growth rate or growth in demand for our offerings may slow over time.
  • If we fail to effectively manage our growth, our business, financial condition and results of operations could be adversely affected.
  • Any actual or perceived security or privacy breach could interrupt our operations, harm our brand and adversely affect our reputation, brand, business, financial condition and results of operations.
  • Changes in laws or regulations relating to privacy, data protection or the protection or transfer of personal data, or any actual or perceived failure by us to comply with such laws and regulations or any other obligations relating to privacy, data protection or the protection or transfer of personal data, could adversely affect our business.
  • As we expand our platform offerings, we may become subject to additional laws and regulations, and any actual or perceived failure by us to comply with such laws and regulations or manage the increased costs associated with such laws and regulations could adversely affect our business, financial condition and results of operations.
  • We rely on third-party vehicle rental partners for our Express Drive program, and if we cannot manage our relationships with such third parties and other risks related to our Express Drive and Lyft Rentals program, our business, financial condition and results of operations could be adversely affected.
  • We rely on other third-party service providers and if such third parties do not perform adequately or terminate their relationships with us, our costs may increase and our business, financial condition and results of operations could be adversely affected.
  • If we are not able to successfully develop new offerings on our platform and enhance our existing offerings, our business, financial condition and results of operations could be adversely affected.
  • If we are unable to successfully manage the complexities associated with our expanding multimodal platform, our business, financial condition and results of operations could be adversely affected.
  • Our marketing efforts to help grow our business may not be effective.
  • Any failure to offer high-quality user support may harm our relationships with users and could adversely affect our reputation, brand, business, financial condition and results of operations.
  • Failure to deal effectively with fraud could harm our business.
  • We face the risk of litigation resulting from unauthorized text messages sent in violation of the Telephone Consumer Protection Act.
  • If we fail to effectively match riders on our Shared Rides offering and manage the related pricing methodologies, our business, financial condition and results of operations could be adversely affected.
  • If we fail to effectively manage our up-front pricing methodology, our business, financial condition and results of operations could be adversely affected.
  • Systems failures and resulting interruptions in the availability of our website, applications, platform or offerings could adversely affect our business, financial condition and results of operations.
  • We may require additional capital, which may not be available on terms acceptable to us or at all.
  • Our company culture has contributed to our success and if we cannot maintain this culture as we grow, our business could be harmed.
  • We depend on our key personnel and other highly skilled personnel, and if we fail to attract, retain, motivate or integrate our personnel, our business, financial condition and results of operations could be adversely affected.
  • If we are unable to make acquisitions and investments, or successfully integrate them into our business, our business, results of operations and financial condition could be adversely affected.
  • Our business could be adversely impacted by changes in the Internet and mobile device accessibility of users and unfavorable changes in or our failure to comply with existing or future laws governing the Internet and mobile devices.
  • We rely on mobile operating systems and application marketplaces to make our apps available to the drivers and riders on our platform, and if we do not effectively operate with or receive favorable placements within such application marketplaces and maintain high rider reviews, our usage or brand recognition could decline and our business, financial results and results of operations could be adversely affected.
  • We depend on the interoperability of our platform across third-party applications and services that we do not control.
  • Defects, errors or vulnerabilities in our applications, backend systems or other technology systems and those of third-party technology providers could harm our reputation and brand and adversely impact our business, financial condition and results of operations.
  • Failure to protect or enforce our intellectual property rights could harm our business, financial condition and results of operations.
  • Our platform contains third-party open source software components, and failure to comply with the terms of the underlying open source software licenses could restrict our ability to provide our offerings.
  • We have expended and intend to expend substantial funds in connection with the tax withholding liabilities that arise upon the settlement of RSUs, which may have an adverse effect on our financial condition and results of operations. We may also implement “sell-to-cover” in which shares of our Class A common stock are sold into the market on behalf of RSU holders upon vesting and settlement of RSUs to cover tax withholding liabilities and such sales will result in dilution to our stockholders.
  • Taxing authorities may successfully assert that we should have collected or in the future should collect sales and use, gross receipts, value added or similar taxes and may successfully impose additional obligations on us, and any such assessments or obligations could adversely affect our business, financial condition and results of operations.
  • Changes in U.S. tax laws could have a material adverse effect on our business, financial condition and results of operations.
  • Our reported results of operations may be adversely affected by changes in GAAP.
  • Our ability to use our net operating loss carryforwards and certain other tax attributes may be limited.
  • Our presence outside the United States and any future international expansion strategy will subject us to additional costs and risks and our plans may not be successful.
  • Our business could be adversely affected by natural disasters, public health crises, political crises, economic downturns or other unexpected events.
  • Operating as a public company requires us to incur substantial costs and requires substantial management attention. In addition, key members of our management team have limited experience managing a public company.
  • The dual class structure of our common stock has the effect of concentrating voting power with our Co-Founders, which will limit your ability to influence the outcome of important transactions, including a change in control.
  • The trading price of our Class A common stock may be volatile, and you could lose all or part of your investment.
  • Sales of substantial amounts of our Class A common stock, or the perception that such sales could occur, could depress the market price of our Class A common stock.
  • Delaware law and provisions in our amended and restated certificate of incorporation and amended and restated bylaws could make a merger, tender offer or proxy contest difficult, thereby depressing the market price of our Class A common stock.
  • Our amended and restated bylaws designate a state or federal court located within the State of Delaware as the exclusive forum for substantially all disputes between us and our stockholders, which could limit our stockholders’ ability to choose the judicial forum for disputes with us or our directors, officers or employees.
  • If securities or industry analysts do not publish research or publish inaccurate or unfavorable research about us, our business or our market, or if they change their recommendations regarding our Class A common stock adversely, the market price and trading volume of our Class A common stock could decline.
  • We do not intend to pay dividends for the foreseeable future.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. senior Good

Proxies

No filings

Patents

GRANT
Utility
Systems and methods for detecting vehicle door closing events
21 Jan 20
The disclosed computer-implemented method may include receiving sensor data associated with a mobile device associated with a vehicle, wherein the sensor data includes at least one of an angular velocity vector, a linear acceleration vector, and a rotational acceleration vector recorded over a period of time, determining an event signature based on the sensor data, and detecting a door closing event associated with the vehicle based at least in part on the event signature.
APP
Utility
Calibrating a Radar Antenna
9 Jan 20
In one embodiment, a method includes causing a radar antenna to transmit a plurality of radar signals at a plurality of sweep angles and, for each of one or more the radar signals reflected back to the radar antenna, calculating a radial-velocity component.
APP
Utility
Systems and Methods for Dynamic Transfer-based Transportation
9 Jan 20
The disclosed computer-implemented method may include matching transportation requests (e.g., made to a dynamic transportation matching system) to one or more transportation providers via transfer points.
APP
Utility
Systems and Methods for Managing Dynamic Transportation Networks Using Simulated Future Scenarios
9 Jan 20
The disclosed computer-implemented method may include (i) receiving a first transport request and a second transport request, (ii) evaluating a fitness of matching the first and second transport requests to be fulfilled by a transport provider, based at least partly on a transportation overlap between the first and second transport requests, (iii) generating a simulated future transport request, (iv) evaluating a fitness of matching the first transport request with the simulated future transport request, based at least in part on a transportation overlap between the first transport request and the simulated future transport request, and (v) matching the first and second transport requests based at least in part on the fitness of matching the first and second transport requests and based at least in part on the fitness of matching the first transport request with the simulated future transport request.
APP
Utility
Systems and Methods for Transport Cancellation Using Data-driven Models
9 Jan 20
Disclosed is a method for identifying, in real time, a transportation arrangement between a requestor and a provider that could benefit from a re-matching of the requestor with another provider.