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Lyft (LYFT)

Social / Consumer · IPO 2019 · Historical SBC from SEC EDGAR

Financials (2025)
Revenue
$5.9B
Revenue Growth YoY
9.9%
EBITDA
negative
Net Income
$2.8B
Stock Price
—
Market Cap
—
Stock-Based Compensation (2025)
SBC Expense
$322M
SBC % of Revenue
5.5%
SBC % of EBITDA
neg EBITDA
SBC % of Market Cap
—
Buybacks
$500M
Unrecognized SBC
$140M
SBC % of Revenue — Historical
SBC vs Buybacks ($M) — Historical
SBC % Revenue vs SBC % Market Cap
Revenue-based SBC % is the P&L view. Market-cap-based % is the shareholder dilution view — how much of the company is given away each year.
Market Cap vs Cumulative SBC
Total SBC expense paid since earliest data year vs current market cap. Shows the cumulative cost of stock-based compensation relative to company size.
GAAP vs "Adjusted" Earnings
GAAP net income already includes SBC as a real expense. But many companies highlight "adjusted" earnings that add SBC back, flattering profitability. The orange gap shows how much non-GAAP metrics overstate real earnings each year.
Ownership Retained Over Time
100 = your original ownership at the earliest data year. Net share issuance drives this down.
Annual Gross Dilution vs Buyback Offset
Red = gross share issuance from SBC. Green = shares retired via buybacks. Both as % of prior-year shares.
Year-by-Year Detail
Year SBC ($) Revenue ($) EBITDA ($) SBC % Rev SBC % EBITDA Rev Growth Buybacks ($) Net Income ($) Shares (EOY) Price (EOY) Market Cap SBC % MCap Unrecognized SBC ($)
2025 $322M $5.9B $-53M 5.5% neg 9.9% $500M $2.8B 388,000,000 — — — $140M
2024 $331M $5.4B $30M 6.2% 1103.8% 30.4% $50M $23M 385,000,000 — — — $160M
2023 $485M $4.1B $-359M 11.8% neg 8.0% $0 $-340M 398,000,000 — — — $203M
2022 $751M $3.8B $-1.3B 19.7% neg 28.9% $0 $-1.6B 383,000,000 — — — $500M
2021 $725M $3.0B $-996M 24.5% neg 33.9% — $-1.1B 365,000,000 — — — $588M
2020 $566M $2.2B $-1.7B 25.6% neg -36.3% — $-1.8B 357,000,000 — — — $0
2019 $1.6B $3.5B $-2.6B 46.1% neg 64.6% — $-2.6B 0 — — — $4M
2018 $9M $2.1B $-959M 0.4% neg 98.7% — $-911M 22,438,472 — — — $10M
2017 IPO $10M $1.1B $-706M 0.9% neg — — $-688M — — — — —