LYFT — what changed in the latest 10-Q
A section-by-section comparison of LYFT's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-08-07 vs the prior 10-Q · 2026-05-08
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +28 | −18 | ~22 | 49 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~1 | 2 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 1 |
| Risk factors | Text added/removed | +20 | −19 | ~34 | 342 |
| Other information | Text added/removed | +1 | −1 | 0 | 2 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Legal proceedings
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-08-07
Cost of revenue primarily consists of costs directly related to generating revenue through our multimodal platform which primarily includes insurance costs, payment processing charges, payments to drivers or driver incentive costs in certain
markets where we control the transportation services provided, and other costs. Insurance costs consist of insurance generally required under transportation network company (“TNC”) and city regulations for ridesharing, and bike and scooter rentals and also includes occupational hazard insurance for …
Investments in driver supply, which are recorded as a reduction to revenue, increased for the quarter ended June 30, 2026 as compared to the same quarter in the prior year to maintain marketplace balance.
Revenue increased $455.7 million, or 15%, in the six months ended June 30, 2026, as compared to the six months ended June 30, 2025, due primarily to an increase of 10% in Rides and international expansion. Investments in driver supply, which are recorded as a reduction to revenue, decreased for the …
Cost of revenue remained relatively flat in the three months ended June 30, 2026 as compared to the three months ended June 30, 2025. Cost of revenue included a decrease in insurance costs stemming from a cost per mile decrease due to California’s rideshare insurance reform bill, SB 371, and favorab…
Text removed vs the prior filing · source: 10-Q · 2026-05-08
Cost of revenue primarily consists of costs directly related to generating revenue through our multimodal platform which primarily includes insurance costs, payment processing charges, payments to drivers or driver incentive costs in certain markets where we control the transportation services provi…
in marketplace health and international expansion. Investments in driver supply, which are recorded as a reduction to revenue, decreased by $12.8 million for the quarter ended March 31, 2026 as compared to the same quarter in the prior year as driver supply on the platform benefited from organic gro…
Cost of revenue was relatively flat in the three months ended March 31, 2026 as compared to the three months ended March 31, 2025. Cost of revenue included a decrease in insurance costs driven by a cost per mile decrease due to California’s rideshare insurance reform bill, SB 371. This decrease was …
Sales and marketing expenses increased $90.9 million, or 50%, in the three months ended March 31, 2026 as compared to the three months ended March 31, 2025. The increase was primarily due to an increase in costs related to our incentive programs due to investments in rider engagement, which increase…
General and administrative expenses increased $54.9 million, or 26% in the three months ended March 31, 2026 as compared to the three months ended March 31, 2025. The increase was primarily due to a $37.0 million net increase in certain loss contingencies related to legal and tax accruals and settle…
Risk factors
Text added vs the prior filing · source: 10-Q · 2026-08-07
In addition, macroeconomic factors such as tariffs and import restrictions may lead to an increase in new vehicle prices and/or availability. Flexdrive has previously experienced and may in the future experience production and delivery delays which can hinder its ability to meet demand and grow the …
Flexdrive has also begun providing autonomous vehicle fleet management services where we operate fleets of AV vehicles for AV manufacturer partners. These services may include commitments related to vehicle availability, maintenance, charging, cleaning, staging and depot operations. Failure of Flexd…
online payments or other payment card transactions. We have agreed to reimburse our payment processors for fines they are assessed by payment card networks if we or the users on our platform violate these rules. Any of the foregoing risks could adversely affect our business, financial condition and …
frequently experiment with and test different offerings and marketing strategies, and some features we have launched in the past include Women+ Connect, Price Lock, Lyft Teen and our Lyft fee cap. If our experiments and tests are unsuccessful, or if the offerings and strategies we introduce based on…
Our ability to attract and retain qualified drivers and riders is dependent in part on the ease and reliability of our offerings, including our ability to provide high-quality support, including both in-person and remote support. Users on our platform depend on our support organization to resolve an…
Text removed vs the prior filing · source: 10-Q · 2026-05-08
In addition, macroeconomic factors such as tariffs and import restrictions may lead to an increase in new vehicle prices and/or availability. Flexdrive has previously experienced and may in the future experience production and delivery delays
which can hinder its ability to meet demand and grow the fleet. New vehicle production delays also lead to holding onto existing vehicles longer which in turn leads to increased costs relating to those vehicles.
to attract new qualified drivers and new riders, retain existing qualified drivers and existing riders and maintain or increase utilization of our offerings may be adversely affected.
Our ability to attract and retain qualified drivers and riders is dependent in part on the ease and reliability of our offerings, including our ability to provide high-quality support, including both in-person and remote support. Users on our
platform depend on our support organization to resolve any issues relating to our offerings, such as being overcharged for a ride, leaving something in a driver’s vehicle or reporting a safety incident. Our ability to provide effective and timely support is largely dependent on our ability to attrac…
Other information
Text added vs the prior filing · source: 10-Q · 2026-08-07
On June 2, 2026, Lindsay Llewellyn, our Chief Legal Officer, as trustee of The Lindsay C. Llewellyn Living Trust dated July 7, 2023, adopted a Rule 10b5-1 trading arrangement providing for the sale from time to time of an aggregate of up to (i) 144,677 shares of Class A common stock issuable upon th…
Text removed vs the prior filing · source: 10-Q · 2026-05-08
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…
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice