Lyft Returns to Profitability With $132.8 Million EBITDA in Q1 2026
Updated
Updated · Barry Ritholtz · Jul 10
Lyft Returns to Profitability With $132.8 Million EBITDA in Q1 2026
3 articles · Updated · Barry Ritholtz · Jul 10
Summary
$132.8 million in Q1 2026 EBITDA marked Lyft’s return to profitability, alongside $4.9 billion in gross bookings and $1.7 billion in revenue.
28.3 million active riders helped drive the rebound as Lyft stabilized operations under CEO David Risher after years of cash burn and lost ground to Uber.
Since Risher became CEO in 2023, Lyft shares have risen more than 75%, reflecting investor confidence in the turnaround.
Risher joined Lyft’s board in 2021 during a weaker period for the company and previously held senior roles at Microsoft and Amazon.