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LYFT Lyft Inc Cls A

Lyft was founded in 2012 and is one of the largest transportation networks in the United States and Canada. As the world shifts away from car ownership to transportation-as-a-service, Lyft is at the forefront of this massive societal change. Its transportation network brings together rideshare, bikes, scooters, car rentals and transit all in one app. The Company is singularly driven by its mission: to improve people's lives with the world's best transportation.

Company profile

Ticker
LYFT
Exchange
Website
CEO
Logan Green
Employees
Incorporated
Location
Fiscal year end
SEC CIK
Subsidiaries
Pacific Valley Insurance Company, Inc. ...
IRS number
208809830

LYFT stock data

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Calendar

5 Aug 21
16 Oct 21
31 Dec 21
Quarter (USD)
Jun 21 Mar 21 Dec 20 Sep 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 629.23M 629.23M 629.23M 629.23M 629.23M 629.23M
Cash burn (monthly) (positive/no burn) 35.4M 83.74M 132.97M 12.52M 44.77M
Cash used (since last report) n/a 126.16M 298.46M 473.92M 44.63M 159.57M
Cash remaining n/a 503.07M 330.77M 155.31M 584.59M 469.65M
Runway (months of cash) n/a 14.2 3.9 1.2 46.7 10.5

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
21 Sep 21 Sverchek Kristin Class A Common Stock Sell Dispose S No Yes 55.0018 9,000 495.02K 169,593
20 Sep 21 Sverchek Kristin Class A Common Stock Sell Dispose S No Yes 51.6444 1,998 103.19K 178,593
20 Sep 21 Sverchek Kristin Class A Common Stock Sell Dispose S No Yes 51.0365 4,002 204.25K 180,591
10 Sep 21 Blackwood-kapral Lisa Class A Common Stock Grant Acquire A No No 0 27,928 0 105,100
1 Sep 21 Green Logan Class A Common Stock Sell Dispose S No Yes 49.1414 9,461 464.93K 246,896
1 Sep 21 Green Logan Class A Common Stock Sell Dispose S No Yes 48.5391 26,539 1.29M 256,357
27 Aug 21 Sverchek Kristin Class A Common Stock Sell Dispose S No Yes 48.714 15,977 778.3K 188,743
25 Aug 21 Green Logan Class A Common Stock Gift Dispose G Yes No 0 200,000 0 0
25 Aug 21 Green Logan Class A Common Stock Conversion Acquire C Yes No 0 200,000 0 200,000
25 Aug 21 Green Logan Class B Common Stock Class A Common Stock Conversion Dispose C Yes No 0 200,000 0 1,037,544

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

96.3% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 529 513 +3.1%
Opened positions 103 109 -5.5%
Closed positions 87 59 +47.5%
Increased positions 227 165 +37.6%
Reduced positions 114 143 -20.3%
13F shares
Current Prev Q Change
Total value 18.6B 18.95B -1.9%
Total shares 314.37M 303.91M +3.4%
Total puts 23.02M 18.87M +22.0%
Total calls 18.26M 18.33M -0.4%
Total put/call ratio 1.3 1.0 +22.5%
Largest owners
Shares Value Change
FMR 47.96M $2.9B +0.9%
RKUNY Rakuten 31.41M $1.54B 0.0%
JPM JPMorgan Chase & Co. 27.1M $1.64B +32.5%
Vanguard 22.63M $1.37B +2.9%
BLK Blackrock 17.03M $1.03B +19.7%
Baillie Gifford & Co 10.08M $609.72M -10.1%
IVZ Invesco 8.06M $487.31M +13.3%
Jackson Square Partners 7.15M $432.32M +10.3%
STT State Street 6.69M $404.81M +70.5%
BK Bank Of New York Mellon 6.1M $369.19M +174.6%
Largest transactions
Shares Bought/sold Change
JPM JPMorgan Chase & Co. 27.1M +6.66M +32.5%
BK Bank Of New York Mellon 6.1M +3.88M +174.6%
Clearbridge Advisors 3.56M +3.54M +21157.6%
BLK Blackrock 17.03M +2.8M +19.7%
STT State Street 6.69M +2.77M +70.5%
AH Equity Partners III 0 -2.7M EXIT
AMP Ameriprise Financial 1.99M -2M -50.1%
1832 Asset Management 636.75K -1.88M -74.7%
AH Equity Partners III, L.L.C. 0 -1.81M EXIT
Lord, Abbett & Co. 1.06M -1.53M -59.0%

Financial report summary

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Competition
Avis BudgetBookingBaiduGeneral MotorsUberNowtransit
Risks
  • The COVID-19 pandemic has disrupted and harmed, and is expected to continue to disrupt and harm, our business, financial condition and results of operations. We are unable to predict the extent to which the pandemic and related effects will continue to adversely impact our business, financial condition and results of operations and the achievement of our strategic objectives.
  • Our business could be adversely affected by natural disasters, public health crises, political crises, economic downturns or other unexpected events.
  • 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 have a history of net losses and we may not be able to achieve or maintain profitability in the future.
  • 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 development and if such markets do not continue to grow, grow more slowly than we expect or fail to grow as large or otherwise develop as we expect, our business, financial condition and results of operations could be adversely affected.
  • If we fail to cost-effectively attract and retain qualified drivers, or to increase utilization of our platform by existing drivers, our business, financial condition and results of operations could be harmed.
  • If we fail to cost-effectively attract new riders, or to increase utilization of our platform by 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 auto-related risks and on third-party insurance policies to insure and reinsure our operations-related risks. If our insurance or reinsurance 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.
  • 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 maintain and 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.
  • We rely on third-party background check providers to screen potential and existing drivers, and if such providers fail to provide accurate information, or if providers are unable to complete background checks because of court closures or other unforeseen government shutdown, or we do not maintain business relationships with them, our business, financial condition and results of operations could be adversely affected.
  • Changes to our pricing could adversely affect our ability to attract or retain qualified drivers and riders.
  • If we are unable to efficiently grow and further develop our network of shared bikes and scooters, which may not grow as we expect or become profitable over time, and manage the related risks, our business, financial condition and results of operations could be adversely affected.
  • If we are unable to efficiently develop, enable, or implement partnerships with other companies to offer autonomous vehicle technologies on our platforms in a timely manner, our business, financial condition and results of operations could be adversely affected.
  • The autonomous vehicle industry may not continue to develop, or autonomous vehicles may not be adopted by the market, which could adversely affect our prospects, business, financial condition and results of operations.
  • Claims from riders, drivers or third parties that are harmed, whether or not our platform is in use, could adversely affect our business, brand, financial condition and results of operations.
  • Our bikes and scooters have experienced quality problems from time to time, which has resulted or may result in product recalls and removal from service, injuries, litigation, enforcement actions and regulatory proceedings, and 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.
  • We primarily rely on Amazon Web Services to deliver our offerings to users on our platform, and any disruption of or interference with our use of Amazon Web Services could adversely affect our business, financial condition and results of operations.
  • We rely on third-party and affiliate vehicle rental partners for our Express Drive program as well as third-party vehicle supply, fleet management and finance partners to support our Express Drive Program and Lyft Rentals Program, and if we cannot manage our relationships with such 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.
  • Our Express Drive and Lyft Rentals programs expose us to certain risks, including with respect to decreases in the residual value related to the used car market values, or reductions in the utilization, of vehicles in the fleet.
  • We rely on third-party payment processors to process payments made by riders and payments made to drivers on our platform, and if we cannot manage our relationships with such third parties and other payment-related risks, 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 new delivery service platform may not be successful and may expose us to additional risks.
  • Our metrics and estimates, including the key metrics included in this report, are subject to inherent challenges in measurement, and real or perceived inaccuracies in those metrics may harm our reputation and negatively affect our business.
  • 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.
  • If we fail to effectively match riders on our Shared and Shared Saver 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.
  • 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.
  • 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.
  • 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.
  • 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 is subject to a wide range of laws and regulations, many of which are evolving, and failure to comply with such laws and regulations could harm our business, financial condition and results of operations.
  • Challenges to contractor classification of drivers that use our platform may have adverse business, financial, tax, legal and other consequences to our business.
  • The results of Proposition 22 in California have caused us to alter our operations and incur additional costs and we may face additional challenges as we implement these changes.
  • Claims by others that we infringed their proprietary technology or other intellectual property rights could harm our business.
  • Failure to protect or enforce our intellectual property rights could harm our 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.
  • We are regularly subject to claims, lawsuits, government investigations and other proceedings that may adversely affect our business, financial condition and results of operations.
  • 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 face the risk of litigation resulting from unauthorized text messages sent in violation of the Telephone Consumer Protection Act.
  • If we fail to maintain an effective system of disclosure controls and internal control over financial reporting, our ability to produce timely and accurate financial statements or comply with applicable regulations could be impaired.
  • 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 have also
  • implemented “sell-to-cover” for certain employees 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.
  • Operating as a public company requires us to incur substantial costs and requires substantial management attention. In addition, certain members of our management team have limited experience managing a public company.
  • We may require additional capital, which may not be available on terms acceptable to us or at all.
  • If we are unable to make acquisitions and investments, or successfully integrate them into our business, or if we enter into strategic transactions that do not achieve our objectives, our business, results of operations and financial condition could be adversely affected.
  • Our reported results of operations may be adversely affected by changes in GAAP.
  • 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.
  • We cannot predict the impact our dual class structure may have on our stock price.
  • 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 have or 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 and also provide that the federal district courts will be the exclusive forum for resolving any complaint asserting a cause of action arising under the Securities Act, each of 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.
Management Discussion
  • Revenue increased $425.7 million, or 125%, in the three months ended June 30, 2021, as compared to the three months ended June 30, 2020, driven primarily by the improvement in demand on our platform as pandemic conditions improved compared to earlier stages of the COVID-19 pandemic which had materially limited people’s mobility and severely reduced Active Riders. The number of Active Riders in the second quarter of 2021 was nearly double the number of Active Riders in the second quarter of 2020. Active Riders in the second quarter of 2020 represented our lowest Active Rider count since March 2020 when shelter-in-place orders and other travel restrictions were first implemented across North America in response to the COVID-19 pandemic. Revenue per Active Rider increased 14.3% in the three months ended June 30, 2021, as compared to the three months ended June 30, 2020. The increase in Revenue per Active Rider was primarily due to increased demand as vaccines were more widely distributed and more communities fully reopened, as well as elevated pricing as rider demand outpaced driver supply. Revenue per Active Rider also benefited from revenues from licensing and data access agreements, beginning in the second quarter of 2021.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. junior Avg
New words: bench, categorized, committee, COVID, double, half, ILRC, intensified, intensify, intervened, joined, lowest, marking, midst, milestone, neglect, official, opposition, permanently, ratably, recapture, recoverable, relaunch, static, strike, trended, unconstitutional, WAV
Removed: AI, Argo, Enstar, furlough, hand, migrated, pausing, sanitizer