Revenue: As of FY2026 Q1, the actual value is USD 1.65 B, beating the estimate of USD 1.633 B.EPS: As of FY2026 Q1, the actual value is USD 0.04.EBIT: As of FY2026 Q1, the actual value is USD -42.76 M.Lyft, Inc. operates as a single segment, reporting key financial and operational metrics for the three months ended March 31, 2026, compared to March 31, 2025 .<h4>Revenue</h4>Revenue was $1,650,489 thousand in 2026, marking a 14% increase from $1,450,172 thousand in 2025 . This growth was primarily driven by an 8% increase in Rides and a 17% increase in Active Riders, alongside improvements in marketplace health and international expansion . Investments in driver supply, recorded as a reduction to revenue, decreased by $12.8 million for the quarter ended March 31, 2026 .<h4>Net Income</h4>Net Income increased by 455% to $14,250 thousand in 2026 from $2,567 thousand in 2025 . Net Income as a percentage of revenue was 0.9% in 2026, up from 0.2% in 2025 .<h4>Operating Costs and Expenses</h4>Cost of Revenue was $864,144 thousand in 2026, relatively flat compared to $862,874 thousand in 2025 . This included a decrease in insurance costs due to California’s SB 371, partially offset by increased payments to drivers and transaction fees . Operations and Support increased by 17% to $124,355 thousand in 2026 from $106,335 thousand in 2025, mainly due to increased bikes and scooters fleet operations support and personnel-related costs . Research and Development rose 10% to $124,152 thousand in 2026 from $112,495 thousand in 2025, primarily due to increased personnel-related costs from higher headcount . Sales and Marketing increased by 50% to $272,936 thousand in 2026 from $182,017 thousand in 2025, largely due to an $80.8 million increase in rider engagement incentive programs . General and Administrative expenses were $270,236 thousand in 2026, up 26% from $215,300 thousand in 2025, mainly due to a $37.0 million net increase in loss contingencies, increased personnel-related costs, and consulting costs, partially offset by decreased stock-based compensation . Total Costs and Expenses were $1,655,823 thousand in 2026, compared to $1,479,021 thousand in 2025 .<h4>Profitability</h4>Loss from Operations improved to -$5,334 thousand in 2026 from -$28,849 thousand in 2025 . Interest Expense decreased by -15% to -$5,225 thousand in 2026 from -$6,150 thousand in 2025 . Other Income, Net decreased by -26% to $30,328 thousand in 2026 from $40,917 thousand in 2025, primarily due to a decrease in interest income and foreign currency exchange . Income Before Income Taxes was $19,769 thousand in 2026, compared to $5,918 thousand in 2025 . Provision for Income Taxes increased by 65% to $5,519 thousand in 2026 from $3,351 thousand in 2025, mainly due to increased pre-tax earnings .<h4>Cash Flow</h4>Net Cash Provided by Operating Activities increased by 7% to $307,679 thousand in 2026 from $287,234 thousand in 2025 . Free Cash Flow rose 2% to $287.3 million in 2026 from $280.7 million in 2025 . Net Cash Provided by Investing Activities was $50,802 thousand in 2026, compared to $65,658 thousand in 2025 . Net Cash Used in Financing Activities was -$366,592 thousand in 2026, compared to -$51,689 thousand in 2025 .<h4>Operational Metrics</h4>Active Riders increased by 17% to 28.3 million in 2026 from 24.2 million in 2025 . Rides increased by 8% to 236.9 million in 2026 from 218.4 million in 2025 . Gross Bookings rose 19% to $4,946.0 million in 2026 from $4,162.4 million in 2025 . Adjusted EBITDA increased by 25% to $132.8 million in 2026 from $106.5 million in 2025 . Adjusted EBITDA Margin (as a percentage of Gross Bookings) was 2.7% in 2026, compared to 2.6% in 2025 .<h4>Future Outlook and Strategy</h4>Lyft, Inc. anticipates revenue fluctuations due to ride volume, driver supply, pricing, incentives, and seasonality, especially for its shared bikes and scooters network . The company expects near-term year-over-year increases in the cost of revenue due to higher insurance costs, though at a slower rate than historically due to California’s SB 371 . As of March 31, 2026, the 2025 Share Repurchase Program was completed, with $950.0 million remaining available under the 2026 Share Repurchase Program, and the company plans to continue actively managing its cash balances, liquidity, capital expenditures, working capital, and operating expenses .

LYFT | 10-Q: FY2026 Q1 Revenue Beats Estimate at USD 1.65 B