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Side-by-side financial comparison of Lyft, Inc. (LYFT) and Via Transportation, Inc. (VIA), based on the latest 10-Q / 10-K filings. Click either name above to swap in a different company.
Lyft, Inc. is the larger business by last-quarter revenue ($1.5B vs $109.7M, roughly 13.7× Via Transportation, Inc.). Lyft, Inc. runs the higher net margin — 183.9% vs -33.6%, a 217.6% gap on every dollar of revenue.
Lyft, Inc. is an American company offering ride-hailing services, motorized scooters, and bicycle-sharing systems in the United States and Canada, and, via its Free Now mobile app, Europe. Lyft is the second-largest ridesharing company in the United States after Uber. It has 25 million active riders and coordinates 9 million rides per day.
Via Transportation, Inc. is an American technology company that provides software as a service (SaaS) and operations to improve public transportation networks for cities, transit agencies, schools and universities, healthcare providers, and corporations around the world. Via offers fully managed transit services as well as transportation planning tools, consulting services, operational support, and navigation.
LYFT vs VIA — Head-to-Head
Income Statement — Q4 2025 vs Q3 2025
| Metric | | |
|---|---|---|
| Revenue | $1.5B | $109.7M |
| Net Profit | $2.8B | $-36.9M |
| Gross Margin | 35.1% | 39.3% |
| Operating Margin | -12.4% | -17.2% |
| Net Margin | 183.9% | -33.6% |
| Revenue YoY | 3.6% | — |
| Net Profit YoY | 4363.0% | — |
| EPS (diluted) | $6.59 | $-1.49 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align — see 8-quarter trend below.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history — bar widths are scaled to the larger of the two companies so you can eyeball the size gap and growth trajectory without doing math. Quarters aligned by calendar period (report date) so offset fiscal years line up.
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.5B | $109.7M | ||
| Q2 25 | $1.5B | — | ||
| Q1 25 | $1.4B | — | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $1.3B | — | ||
| Q1 24 | $1.2B | — |
| Q4 25 | $2.8B | — | ||
| Q3 25 | $46.1M | $-36.9M | ||
| Q2 25 | $40.3M | — | ||
| Q1 25 | $2.6M | — | ||
| Q4 24 | $61.7M | — | ||
| Q3 24 | $-12.4M | — | ||
| Q2 24 | $5.0M | — | ||
| Q1 24 | $-31.5M | — |
| Q4 25 | 35.1% | — | ||
| Q3 25 | 40.0% | 39.3% | ||
| Q2 25 | 36.7% | — | ||
| Q1 25 | 37.2% | — | ||
| Q4 24 | 39.5% | — | ||
| Q3 24 | 36.0% | — | ||
| Q2 24 | 38.0% | — | ||
| Q1 24 | 37.6% | — |
| Q4 25 | -12.4% | — | ||
| Q3 25 | 1.5% | -17.2% | ||
| Q2 25 | 0.2% | — | ||
| Q1 25 | -2.1% | — | ||
| Q4 24 | 1.9% | — | ||
| Q3 24 | -4.1% | — | ||
| Q2 24 | -2.1% | — | ||
| Q1 24 | -5.2% | — |
| Q4 25 | 183.9% | — | ||
| Q3 25 | 3.0% | -33.6% | ||
| Q2 25 | 2.7% | — | ||
| Q1 25 | 0.2% | — | ||
| Q4 24 | 4.3% | — | ||
| Q3 24 | -0.9% | — | ||
| Q2 24 | 0.4% | — | ||
| Q1 24 | -2.6% | — |
| Q4 25 | $6.59 | — | ||
| Q3 25 | $0.11 | $-1.49 | ||
| Q2 25 | $0.10 | — | ||
| Q1 25 | $0.01 | — | ||
| Q4 24 | $0.16 | — | ||
| Q3 24 | $-0.03 | — | ||
| Q2 24 | $0.01 | — | ||
| Q1 24 | $-0.08 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest filing — the kind of financial-strength check premium terminals charge for.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.8B | $378.2M |
| Total DebtLower is stronger | $1.1B | — |
| Stockholders' EquityBook value | $3.3B | $574.6M |
| Total Assets | $9.0B | $702.1M |
| Debt / EquityLower = less leverage | 0.32× | — |
8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.
| Q4 25 | $1.8B | — | ||
| Q3 25 | $2.0B | $378.2M | ||
| Q2 25 | $1.8B | — | ||
| Q1 25 | $2.2B | — | ||
| Q4 24 | $2.0B | — | ||
| Q3 24 | $1.9B | — | ||
| Q2 24 | $1.8B | — | ||
| Q1 24 | $1.7B | — |
| Q4 25 | $1.1B | — | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $573.2M | — | ||
| Q1 25 | $979.9M | — | ||
| Q4 24 | $995.0M | — | ||
| Q3 24 | $1.0B | — | ||
| Q2 24 | $1.0B | — | ||
| Q1 24 | $971.5M | — |
| Q4 25 | $3.3B | — | ||
| Q3 25 | $573.0M | $574.6M | ||
| Q2 25 | $732.7M | — | ||
| Q1 25 | $838.1M | — | ||
| Q4 24 | $767.0M | — | ||
| Q3 24 | $655.8M | — | ||
| Q2 24 | $577.6M | — | ||
| Q1 24 | $491.3M | — |
| Q4 25 | $9.0B | — | ||
| Q3 25 | $5.9B | $702.1M | ||
| Q2 25 | $5.4B | — | ||
| Q1 25 | $5.7B | — | ||
| Q4 24 | $5.4B | — | ||
| Q3 24 | $5.3B | — | ||
| Q2 24 | $5.0B | — | ||
| Q1 24 | $4.8B | — |
| Q4 25 | 0.32× | — | ||
| Q3 25 | 1.85× | — | ||
| Q2 25 | 0.78× | — | ||
| Q1 25 | 1.17× | — | ||
| Q4 24 | 1.30× | — | ||
| Q3 24 | 1.53× | — | ||
| Q2 24 | 1.74× | — | ||
| Q1 24 | 1.98× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Net income can be massaged; cash flow is harder to fake.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $246.2M | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue; lower = less reinvestment burden | — | — |
| Cash ConversionOCF / Net Profit; >1× = earnings back up with cash | 0.09× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.
| Q4 25 | $246.2M | — | ||
| Q3 25 | $291.3M | — | ||
| Q2 25 | $343.7M | — | ||
| Q1 25 | $287.2M | — | ||
| Q4 24 | $153.4M | — | ||
| Q3 24 | $264.0M | — | ||
| Q2 24 | $276.2M | — | ||
| Q1 24 | $156.2M | — |
| Q4 25 | 0.09× | — | ||
| Q3 25 | 6.32× | — | ||
| Q2 25 | 8.53× | — | ||
| Q1 25 | 111.89× | — | ||
| Q4 24 | 2.48× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 55.09× | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Sankey diagram of revenue → gross profit → operating profit → net profit for each company. Charts shown full-width and stacked so both segment hierarchies are readable side-by-side on desktop and mobile.
Revenue Breakdown by Segment
LYFT
Segment breakdown not available.
VIA
| Government Customer | $103.7M | 95% |
| Commercial Customer | $5.9M | 5% |