How Lyft (LYFT) Makes Money: A Visual Guide

Lyft (LYFT) generated $6.32B in revenue (TTM through Q4 2025), earning $2.84B in net profit (45% margin). Below is an interactive breakdown of how revenue flows through the income statement.

Lyft (LYFT) Income Statement Flow

Frequently asked questions

How much revenue does Lyft (LYFT) generate?

Lyft (LYFT) generated $6.32B in total revenue for TTM through Q4 2025 with a net profit margin of 45%.

What is Lyft (LYFT) gross profit margin?

Lyft (LYFT) reported a gross profit margin of 41.5% for TTM through Q4 2025, equivalent to $2.62B in gross profit. This means Lyft retains 41.5% of each revenue unit after direct costs of production.

What is Lyft (LYFT) operating profit margin?

Lyft (LYFT) reported an operating profit margin of -3% for TTM through Q4 2025, equivalent to −$188.37M in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.

What is Lyft (LYFT) net profit margin?

Lyft (LYFT) reported a net profit margin of 45% for TTM through Q4 2025, equivalent to $2.84B in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.

How much does Lyft (LYFT) invest in R&D?

Lyft (LYFT) invested $451.42M in research and development in TTM through Q4 2025 (7.1% of total revenue). R&D spending reflects investment in future products, services, and technologies.

How much does Lyft (LYFT) spend on capital expenditures?

Lyft (LYFT) spent $52.82M on capital expenditures in TTM through Q4 2025 (0.8% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.

What is Lyft (LYFT) free cash flow?

Lyft (LYFT) generated $1.15B in free cash flow for TTM through Q4 2025 (18.2% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.

Data & methodology

What is a Sankey diagram?

A Sankey diagram shows how money flows through a company from revenue to net profit. The width of each flow represents its proportion.

How is the data calculated?

We use the income statement from company filings. For TTM (Trailing Twelve Months), we use a pre-aggregated twelve-month view aligned with our latest four quarterly periods. Revenue flows to cost of revenue and gross profit, then to operating expenses (R&D, S&M, G&A) and operating profit.

When was this data last updated?

Based on company filings through TTM through Q4 2025.