LYFT — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-05-08

• Financial and Operational Results for the Three Months Ended March 31, 2026 and 2025

• Adjusted EBITDA margin (calculated as a percentage of Gross Bookings)2.7 %2.6 %

• The increase in the number of Active Riders in the three months ended March 31, 2026 as compared to the three months ended March 31, 2025 was due primarily to our focus on rider engagement, improved retention and overall marketplace health and international expansion.

• We define Gross Bookings as the total dollar value of transactions including any applicable taxes, tolls and fees, for rides and other offerings provided by Lyft, excluding tips to drivers. Adjusted EBITDA margin (calculated as a percentage of Gross Bookings) is calculated by dividing Adjusted EBITD…

• We offer various incentive programs to drivers that are recorded as a reduction to revenue if we do not receive a distinct good or service in consideration or if we cannot reasonably estimate the fair value of goods or services received.

Text removed vs the prior filing · source: 10-Q · 2025-11-05

• On July 31, 2025, we completed the previously announced acquisition of Intelligent Apps GmbH (d/b/a Freenow), a European multimodal application with a taxi offering at its core. The acquisition marks Lyft's first expansion outside of North America, beyond bikes and scooters. Upon the close of the tr…

• On October 14, 2025, we completed the acquisition of TheBookingRoomGroup Limited (d/b/a TBR Global Chauffeuring), a global luxury chauffeuring company. Upon the close of the transaction, the Company paid approximately £83.0 million in cash. Additionally, up to £17.3 million of contingent considerati…

• Financial and Operational Results for the Three Months Ended September 30, 2025 and 2024

• Adjusted EBITDA margin (calculated as a percentage of Gross Bookings)2.9 %2.6 %

• In the first quarter of 2025, we updated the definition of Active Riders to simplify the definition and better align the metric with future scaling of our business. Additionally, unique riders were previously identified by phone number and are now identified through a unique internal identifier. The…

Text added vs the prior filing · source: 10-Q · 2026-05-08

• •uncertainty regarding the growth of ridesharing and other markets and the unpredictability of our results of operations;

• •our financial performance and any inability to maintain profitability in the future;

• •our Share Repurchase Programs, including our ability to realize anticipated long-term stockholder value;

• Since our ridesharing marketplace launched in 2012, we have primarily focused on ridesharing, particularly in North America. However, our ridesharing business and our broader business and strategy continue to evolve. We regularly expand our

• platform features, offerings and services and change our pricing methodologies, and we have recently engaged in more significant expansion of our operations to new geographies and new offerings. In July 2025, we expanded our operations beyond North America, entering nine new countries and more than …

Text removed vs the prior filing · source: 10-Q · 2025-11-05

• •our financial performance and any inability to achieve or maintain profitability in the future;

• •the unpredictability of our results of operations and uncertainty regarding the growth of the ridesharing and other markets;

• •compliance with additional laws and regulations as we expand our offerings;

• While we have primarily focused on ridesharing since our ridesharing marketplace launched in 2012, our business continues to evolve. We regularly expand our platform features, offerings and services and change our pricing methodologies. Through the acquisition of PBSC Urban Solutions Inc. ("PBSC") i…

• or if we do not address these risks successfully, our results of operations could differ materially from our expectations and our business, financial condition and results of operations could be adversely affected.

Text added vs the prior filing · source: 10-Q · 2026-05-08

• During our last fiscal quarter, the following officer, as defined in Rule 16a-1(f), adopted and terminated a “Rule 10b5-1 trading arrangement” as defined in Regulation S-K Item 408, as follows:

• On March 13, 2026, Erin Brewer, our Chief Financial Officer, as trustee of the Erin M. Brewer 2022 Trust, dated August 9, 2022, terminated a Rule 10b5-1 trading arrangement, which was previously adopted on December 9, 2025 and intended to satisfy the affirmative defense in Rule 10b5-1(c). The termin…

Text removed vs the prior filing · source: 10-Q · 2025-11-05

• On September 3, 2025, David Lawee, a member of our board of directors, adopted a Rule 10b5-1 trading arrangement providing for the sale from time to time of an aggregate of up to 6,578 shares of Class A common stock plus additional shares of Class A common stock issuable upon the vesting and settlem…

• On September 4, 2025, Jill Beggs, a member of our board of directors, adopted a Rule 10b5-1 trading arrangement providing for the sale from time to time of an aggregate of up to 8,371 shares of Class A common stock plus additional shares of Class A common stock issuable upon the vesting and settleme…

• On September 4, 2025, Stephen Hope, our Chief Accounting Officer, adopted a Rule 10b5-1 trading arrangement providing for the sale from time to time of an aggregate of up to 61,355 shares of Class A common stock plus additional shares of Class A issuable upon the vesting and settlement of RSUs grant…

• On September 4, 2025, Prashant Aggarwal, Chair of our board of directors, and Aggarwal Lee Family Trust (the “Aggarwal Trust”) adopted a Rule 10b5-1 trading arrangement providing for the sale from time to time of an aggregate of up to

• (i) 77,699 shares of Class A common stock held by Mr. Aggarwal and (ii) 96,900 shares of Class A common stock held by the Aggarwal Trust. The trading arrangement is intended to satisfy the affirmative defense in Rule 10b5-1(c). The duration of the trading arrangement is until September 15, 2026, or …