Every material Form 8-K Lyft has filed with the SEC since March 03, 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Lyft reported third-quarter 2026 revenue of $1.8 billion, up 8% year over year, and a net loss of $9.7 million, compared with net income of $46.1 million a year earlier. The company said the loss reflects $117.9 million in legal, tax and regulatory reserve changes and settlements, while Adjusted EBITDA rose 47% to $203.9 million and the company gave fourth-quarter 2026 Adjusted EBITDA guidance of $188 million to $213 million.
Q3 2026 revenue of $1.8 billion, up 8% year over year; $69.1 million of the $117.9 million reserve impact was recorded as a reduction to revenue
Net loss of $9.7 million, or $(0.03) per share, versus net income of $46.1 million in Q3 2025
Adjusted EBITDA of $203.9 million, up 47%; Q4 2026 outlook calls for Gross Bookings of $5.74 billion to $5.94 billion and Adjusted EBITDA of $188 million to $213 million
Lyft said Michael Brous, its Head of Lyft Urban Solutions and Safety & Customer Care since November 2025, will become Chief Financial Officer effective September 28, 2026, replacing Erin Brewer, who is retiring. Brewer will advise the company through December 15, 2026, and the filing says her departure is not the result of any dispute with the company. The same day, Lyft reaffirmed its third quarter 2026 guidance for Gross Bookings, Adjusted EBITDA and Adjusted EBITDA margin, which it first gave on August 6, 2026.
Michael Brous becomes CFO effective September 28, 2026; he has been at Lyft for nearly eight years, including since 2018 through the Motivate acquisition.
Brous's employment letter sets a $650,000 annual base salary and a target annual cash bonus of 50% of base salary, subject to Board approval.
Planned equity grants include RSUs with grant date values of about $775,000 and $2,000,000, plus PSUs with a grant date value of about $775,000.
Lyft reaffirmed Q3 2026 Gross Bookings, Adjusted EBITDA and Adjusted EBITDA margin guidance and expects to report Q3 2026 earnings in November 2026.
Lyft reported second-quarter 2026 results for the period ended June 30, 2026, with revenue of $1.8 billion, up 16% year over year, and net income of $50.3 million, up from $40.3 million. The company also gave third-quarter guidance of Gross Bookings of $5.50 billion to $5.67 billion and Adjusted EBITDA of $183 million to $203 million, which together indicate continued growth for shareholders to track.
Gross Bookings were $5.5 billion, up 23% year over year, and Active Riders reached a record 30.5 million, up 17%.
Adjusted EBITDA rose 37% to $177.2 million, and free cash flow was $319.6 million compared with $329.4 million a year earlier.
Q3 2026 outlook calls for Gross Bookings up approximately 15% to 19% year over year and Adjusted EBITDA of approximately $183 million to $203 million.
Lyft's board appointed Ben Minicucci, chief executive of Alaska Air Group and Alaska Airlines, as a director effective immediately, with a term expiring at the 2027 annual meeting. The filing says the board values his public-company CEO experience, transportation safety expertise and M&A integration background, and it discloses that Lyft and Alaska have a rewards partnership under which Lyft paid Alaska $3.2 million and received $0.16 million in 2025.
Ben Minicucci appointed to Lyft's board on July 23, 2026, as a Class II director
Term expires at Lyft's 2027 Annual Meeting of Stockholders
Lyft paid Alaska $3.2 million and received $0.16 million under the Partnership Agreement in 2025
Minicucci receives standard non-employee director compensation and will sign the standard indemnification agreement
Lyft reported first-quarter 2026 results on May 7, 2026, with revenue of $1.7 billion, up 14% year over year, and net income of $14.2 million, compared with $2.6 million a year earlier. The company also gave second-quarter 2026 guidance of $5.30 billion to $5.43 billion in Gross Bookings and $160 million to $180 million in Adjusted EBITDA.
Gross Bookings of $4.9 billion, up 19% year over year; revenue of $1.7 billion, up 14%.
Net income of $14.2 million versus $2.6 million in Q1 2025; Adjusted EBITDA of $132.8 million, up 25%.
Q2 2026 outlook: Gross Bookings of $5.30 billion to $5.43 billion and Adjusted EBITDA of $160 million to $180 million.
Lyft closed its acquisition of Gett's UK business during the week of the release.
Lyft reported fourth-quarter 2025 revenue of $1.6 billion, up 3% year over year, after a $168 million impact from legal, tax and regulatory reserve changes and settlements; without that item, revenue would have been $1.8 billion. Net income of $2.8 billion was driven largely by a $2.9 billion benefit from releasing a deferred tax valuation allowance, and the board authorized up to an additional $1 billion in share repurchases. For shareholders, operating metrics grew while the reported results were shaped by one-time items, and Lyft's Q1 2026 guidance calls for gross bookings of $4.86 billion to $5.00 billion and adjusted EBITDA of $120 million to $140 million.
Q4 2025 gross bookings of $5.1 billion, up 19% year over year; adjusted EBITDA of $154.1 million, up 37%
Q4 revenue of $1.6 billion included a $168 million reserve and settlement impact; full-year 2025 revenue was $6.3 billion, up 9%
New share repurchase program authorizes up to $1 billion of Class A common stock, in addition to the 2025 program
Q1 2026 outlook: gross bookings of approximately $4.86 billion to $5.00 billion; adjusted EBITDA of approximately $120 million to $140 million
Lyft's board appointed Deborah Hersman as a Class I director, effective immediately, with a term expiring at the 2026 Annual Meeting of Stockholders. She also joined the Nominating and Corporate Governance Committee. The board said she was chosen for her autonomous vehicle industry experience, safety and regulatory expertise, and public company board experience.
Appointed January 25, 2026, effective immediately; Class I director term expires at the 2026 Annual Meeting of Stockholders
Also appointed to the Nominating and Corporate Governance Committee
Previously chief safety officer and advisor at Waymo LLC from January 2019 to February 2021, and former chair of the National Transportation Safety Board
Will receive standard non-employee director compensation and the company's standard indemnification agreement
Lyft reported third-quarter 2025 revenue of $1.7 billion, up 11% year over year, and net income of $46.1 million, compared with a net loss of $12.4 million a year earlier. The company also issued fourth-quarter 2025 guidance calling for Gross Bookings of $5.01 billion to $5.13 billion and Adjusted EBITDA of $135 million to $155 million, which shareholders can compare with future results.
Revenue of $1.7 billion ($1,685.2 million), up 11% year over year; Gross Bookings of $4.8 billion, up 16%.
Net income of $46.1 million, or $0.11 per diluted share, versus a net loss of $12.4 million, or $(0.03) per share, in Q3 2024.
Adjusted EBITDA of $138.9 million, up 29% from $107.3 million; trailing twelve-month free cash flow of $1.03 billion.
Q4 2025 outlook: Gross Bookings of $5.01 billion to $5.13 billion and Adjusted EBITDA of $135 million to $155 million.
Lyft sold $450 million of 0% convertible senior notes due September 15, 2030, and the initial purchasers exercised their $50 million option in full on September 3, 2025. Net proceeds were approximately $487.7 million, with about $95.7 million used to repurchase about 5.7 million Class A shares. For shareholders, the notes add a senior unsecured obligation and could dilute existing shares on conversion, though capped call transactions are intended to reduce that dilution up to a $33.60 cap price.
Base offering of $450 million plus $50 million option exercised September 3, 2025; notes mature September 15, 2030 and carry no regular interest
Initial conversion price of about $23.52 per share, compared with a $16.80 last reported sale price on September 2, 2025
Net proceeds of about $487.7 million; about $95.7 million used for share repurchases and about $42.0 million for capped call transactions
Lyft may not redeem the notes before September 20, 2028
Co-founders Logan Green and John Zimmer resigned from Lyft's board effective August 14, 2025, and Sean Aggarwal was appointed Chair. All Class B shares convert into Class A shares on August 15, 2025, ending the dual-class voting structure, so each share will carry one vote. The filing states the conversion does not change shareholders' economic interests or the total number of outstanding shares.
Class B shares convert one-for-one into Class A shares at 5:00 p.m. Eastern Time on August 15, 2025; each Class B share previously carried 20 votes.
Logan Green and John Zimmer resigned from the board effective August 14, 2025; the board size falls from nine to seven.
Sean Aggarwal, a director since 2016, succeeds Green as Chair; Green and Zimmer will collectively own approximately 9.69 million Class A shares.
Lyft reported second-quarter 2025 revenue of $1.6 billion, up 11% year over year, and net income of $40.3 million, compared with $5.0 million a year earlier. The company also gave third-quarter guidance for Gross Bookings of $4.65 billion to $4.80 billion and Adjusted EBITDA of $125 million to $145 million, and said its Freenow acquisition closed on July 31.
Q2 2025 Gross Bookings were $4.5 billion, up 12% year over year; Adjusted EBITDA was $129.4 million, up 26%.
Q2 2025 net income was $40.3 million, or $0.10 per diluted share, versus $5.0 million in Q2 2024.
Q3 2025 guidance: Gross Bookings of approximately $4.65 billion to $4.80 billion and Adjusted EBITDA of approximately $125 million to $145 million.
Lyft repurchased 12.8 million shares for $200 million in Q2 2025.
On July 24, 2025, Lyft's board approved a new Employee Incentive Compensation Plan that lets the plan administrator grant cash or equity awards tied to performance goals, with discretion over participants and bonus pools. The named executive officers, including CEO David Risher, are eligible to participate, but the filing gives no award amounts or targets, so the plan's cost to shareholders cannot be determined from this document.
Board approved the Employee Incentive Compensation Plan on July 24, 2025.
Named executive officers David Risher (CEO), Erin Brewer (CFO) and Lindsay Llewellyn (Chief Legal and Business Officer) are eligible to participate.
Awards are generally paid in cash in a lump sum, with discretion to settle in equity; the Compensation Committee administers the plan unless the board decides otherwise.
Lyft said Stephen Hope, former Senior Vice President and Chief Accounting Officer at Autodesk, will join as Chief Accounting Officer effective July 7, 2025, taking over as principal accounting officer from CFO Erin Brewer, who remains CFO. The filing also sets his pay package, including a $400,000 base salary and equity awards each valued at approximately $2,275,000, which matters to shareholders as it shows the terms of a senior finance hire.
Stephen Hope starts as Chief Accounting Officer on July 7, 2025, succeeding Erin Brewer as principal accounting officer
Annual base salary of $400,000 with a 50% target bonus opportunity
RSU and PSU grants each with a grant date value of approximately $2,275,000, subject to Board approval
Hope previously served at Autodesk, most recently as Senior Vice President and Chief Accounting Officer from September 2018 to June 2025
On May 22, 2025, Lyft director Ariel Cohen resigned from the board effective immediately, citing other professional responsibilities and not any disagreement with the company. The board also intends to reduce the number of authorized directors from ten to nine.
Ariel Cohen resigned from Lyft's board of directors effective immediately, notified May 22, 2025
Cohen said he is focusing his full attention on growing Navan; the filing states no disagreement with the company
The board intends to decrease authorized directors from ten to nine
Lyft reported first-quarter 2025 revenue of $1.5 billion, up 14% from a year earlier, and net income of $2.6 million, compared with a net loss of $31.5 million in the first quarter of 2024. Its board also raised the share repurchase authorization by $250 million to a total of $750 million, and the company guided to second-quarter Gross Bookings of $4.41 billion to $4.57 billion.
Revenue of $1.5 billion, up 14% year over year; Gross Bookings of $4.2 billion, up 13%
Net income of $2.6 million versus a net loss of $31.5 million in Q1 2024
Adjusted EBITDA of $106.5 million versus $59.4 million; free cash flow of $280.7 million versus $127.1 million
Repurchase authorization increased by $250 million to $750 million; the company intends to use $500 million within 12 months
Lyft said its Chief Accounting Officer, Lisa Blackwood-Kapral, will leave the company effective March 6, 2025. The filing states her departure is not the result of any dispute or disagreement with the company, its board, or management. CFO Erin Brewer will also serve as interim CAO and principal accounting officer while continuing as CFO.
Lisa Blackwood-Kapral, Chief Accounting Officer, departs effective March 6, 2025
Filing states departure is not due to any dispute or disagreement with the company, its board, or management
CFO Erin Brewer becomes interim CAO and principal accounting officer, and remains CFO
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