Uber Technologies, Inc.

UBER · NYSE · USD

Financials

Annual

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Valuation and market statistics · USD millions unless noted · ratios on the twelve months ending at each period

Line item	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Valuation
Market cap	$169,780	$127,016	$126,702	$49,322	$81,349	$98,946	$57,699	–	–	–
Enterprise value	$175,104	$132,300	$133,904	$57,462	$89,345	$103,194	$54,829	–	–	–
P/E (TTM) at period end	16.89×	12.89×	67.14×	–	–	–	–	–	–	–
P/S (TTM) at period end	3.26×	2.89×	3.40×	1.55×	4.66×	8.88×	4.44×	–	–	–
P/B at period end	6.28×	5.89×	11.26×	6.72×	5.63×	8.07×	4.07×	–	–	–
EV / EBITDA (TTM)	27.86×	37.69×	69.27×	–	–	–	–	–	–	–
EV / Sales (TTM)	3.37×	3.01×	3.59×	1.80×	5.12×	9.26×	4.22×	–	–	–
Returns
Return on equity	37.2%	45.7%	16.8%	(124.5%)	(3.4%)	(55.2%)	(59.9%)	–	(110.4%)	(5.5%)
Return on invested capital	16.9%	10.0%	5.3%	(11.5%)	(8.9%)	(26.7%)	(73.1%)	–	–	–
Dividend yield	–	–	–	–	–	–	–	–	–	–
Financial health
Current ratio	1.14×	1.07×	1.19×	1.04×	0.98×	1.44×	2.47×	2.03×	1.78×	2.89×
Debt / equity	0.39×	0.44×	0.84×	1.27×	0.64×	0.62×	0.40×	(0.93×)	1.31×	0.46×
Effective tax rate	(74.9%)	(139.6%)	9.2%	1.9%	48.0%	2.8%	(0.5%)	21.6%	11.8%	(0.9%)
Share count
Diluted shares outstanding	2,120	2,151	2,092	1,975	1,896	1,753	1,248	479	426	1,526

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Income statement · USD millions

Line item	TTM	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Revenue and gross profit
Revenue	$55,227	$52,017	$43,978	$37,281	$31,877	$17,455	$11,139	$13,000	$10,433	$7,932	$3,845
Cost of revenue	($31,863)	($31,338)	($26,651)	($22,457)	($19,659)	($9,351)	($5,154)	($6,061)	($4,786)	($4,160)	($2,228)
Gross profit	$23,364	$20,679	$17,327	$14,824	$12,218	$8,104	$5,985	$6,939	$5,647	$3,772	$1,617
Operating expenses
Research and development	($3,741)	($3,402)	($3,109)	($3,164)	($2,798)	($2,054)	($2,205)	($4,836)	($1,505)	($1,201)	($864)
Selling, general and administrative	($3,648)	($3,241)	($3,639)	($2,682)	($3,136)	($2,316)	($2,666)	($3,299)	($2,082)	($2,263)	($2,575)
Total operating expenses	($16,664)	($15,114)	($14,528)	($13,714)	($14,050)	($11,938)	($10,848)	($15,535)	($8,680)	($7,852)	($4,640)
Total costs and expenses	($48,527)	($46,452)	($41,179)	($36,171)	($33,709)	($21,289)	($16,002)	($21,596)	($13,466)	($12,012)	($6,868)
Operating income	$6,700	$5,565	$2,799	$1,110	($1,832)	($3,834)	($4,863)	($8,596)	($3,033)	($4,080)	($3,023)
Earnings
EBITDA	$7,445	$6,284	$3,510	$1,933	($885)	($2,932)	($4,288)	($8,124)	($2,607)	($3,570)	($2,676)
Interest income	$740	$743	$721	$484	$139	$37	$55	$234	$104	$71	$22
Interest expense	($462)	($440)	($523)	($633)	($565)	($483)	($458)	($559)	($648)	($479)	($334)
Pre-tax income	$6,684	$5,800	$4,125	$2,321	($9,426)	($1,025)	($6,946)	($8,433)	$1,312	($4,575)	($3,218)
Income tax expense	$3,052	$4,346	$5,758	($213)	$181	$492	$192	($45)	($283)	$542	($28)
Net income	$9,579	$10,053	$9,856	$1,887	($9,141)	($496)	($6,768)	($8,506)	$997	($4,033)	($370)
Per share
Diluted EPS (GAAP)	$4.55	$4.73	$4.56	$0.87	($4.65)	($0.29)	($3.86)	($6.81)	–	($9.46)	($0.24)
Basic EPS (GAAP)	$4.63	$4.82	$4.71	$0.93	($4.64)	($0.26)	($3.86)	($6.81)	–	($9.46)	($0.25)
Basic shares outstanding	2,062	2,085	2,095	2,036	1,972	1,893	1,753	1,248	443	426	1,459
Margins
Gross margin	42.3%	39.8%	39.4%	39.8%	38.3%	46.4%	53.7%	53.4%	54.1%	47.6%	42.1%
Operating margin	12.1%	10.7%	6.4%	3.0%	(5.7%)	(22.0%)	(43.7%)	(66.1%)	(29.1%)	(51.4%)	(78.6%)
Net margin	17.3%	19.3%	22.4%	5.1%	(28.7%)	(2.8%)	(60.8%)	(65.4%)	9.6%	(50.8%)	(9.6%)

Analyst consensus

Buy63 analysts

Bearish · 0 · Hold · 11 · Bullish · 52

Earnings history

	EPS	Estimate
Q3 2024	$1.20	$0.41	Beat
Q4 2024	$3.21	$0.50	Beat
Q1 2025	$0.83	$0.51	Beat
Q2 2025	$0.63	$0.63	Match
Q3 2025	$3.11	$0.69	Beat
Q4 2025	$0.14	$0.79	Miss
Q1 2026	$0.72	$0.70	Beat
Q2 2026	$0.81	$0.81	Beat

Peers

Company overview

IPO dateMay 10, 2019

CEODara Khosrowshahi

Employees36,600

SectorTechnology

IndustrySoftware - Application

CountryUS

ExchangeNew York Stock Exchange

Websitewww.uber.com

Uber Technologies, Inc. is a leading technology corporation that conceptualizes and deploys its proprietary software applications across a broad global footprint, spanning North and South America, Europe, the Middle East, Africa, and the Asia-Pacific region. The company primarily serves as a digital nexus, linking consumers with independent transport providers for ride-hailing services. Furthermore, it connects individuals and other patrons with a variety of establishments—such as restaurants, grocery stores, and other retailers—to a network of delivery service providers for the preparation and transport of meals, groceries, and other goods. The organization structures its operations into three distinct divisions: Mobility, Delivery, and Freight. The Mobility division facilitates access for consumers to a wide array of transportation options offered by drivers, including traditional cars, auto rickshaws, motorbikes, minibuses, or taxis. This segment also incorporates financial collaborations, public transit integrations, and various vehicle-centric solutions. The Delivery division empowers users to easily locate and place orders from local eateries for either collection or delivery. Additionally, it encompasses the delivery of groceries, alcoholic beverages, convenience items, and a selection of other merchandise. The Freight division functions by pairing freight carriers with shippers through its platform, providing carriers with clear, pre-disclosed pricing and streamlined shipment booking capabilities, alongside broader transportation management and logistics services. Originally incorporated as Ubercab, Inc., the company officially adopted the name Uber Technologies, Inc. in February 2011. It was established in 2009 and maintains its principal offices in San Francisco, California.

Athenic provides research and information tools for educational purposes only and is not a registered investment adviser or broker-dealer. Nothing on this page is investment advice or a recommendation to buy or sell any security. Market data may be delayed. Past performance is not indicative of future results. Investing involves risk, including the possible loss of principal.