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UBER

Uber Technologies, Inc.

UBER

Uber Technologies, Inc. • NYSE
$87.56 ▲ 2.21% (+1.90)
Market Cap $181.92 B
52w High $101.99
52w Low $59.33
Dividend Yield 0%
P/E 11.27
Volume 8.97M
Outstanding Shares 2.08B

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $13.467B ▲ $4.245B ▲ $6.626B ▲ 49.202% ▲ $3.18 ▲ $11.012B ▲
Q2-2025 $12.651B ▲ $3.59B ▲ $1.355B ▼ 10.711% ▼ $0.65 ▼ $1.793B ▲
Q1-2025 $11.533B ▼ $3.368B ▼ $1.776B ▼ 15.399% ▼ $0.85 ▼ $1.668B ▲
Q4-2024 $11.959B ▲ $3.955B ▲ $6.883B ▲ 57.555% ▲ $3.27 ▲ $1.202B ▼
Q3-2024 $11.188B $3.366B $2.612B 23.346% $1.24 $3.098B

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $9.563B ▲ $63.344B ▲ $34.189B ▲ $28.134B ▲
Q2-2025 $8.561B ▲ $55.982B ▲ $32.352B ▲ $22.598B ▲
Q1-2025 $7.279B ▼ $52.822B ▲ $29.917B ▲ $21.975B ▲
Q4-2024 $7.522B ▼ $51.244B ▲ $28.768B ▼ $21.558B ▲
Q3-2024 $9.996B $47.117B $30.578B $14.78B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $6.626B ▲ $2.328B ▼ $53M ▲ $-538M ▼ $1.816B ▲ $2.23B ▼
Q2-2025 $1.35B ▼ $2.564B ▲ $-1.461B ▼ $-195M ▲ $1.067B ▲ $2.475B ▲
Q1-2025 $1.774B ▼ $2.324B ▲ $-542M ▼ $-1.862B ▲ $-10M ▲ $2.25B ▲
Q4-2024 $6.901B ▲ $1.75B ▼ $1.433B ▲ $-3.397B ▼ $-393M ▼ $1.706B ▼
Q3-2024 $2.599B $2.151B $-2.692B $1.601B $1.122B $2.109B

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Delivery
Delivery
 $3.77Bn ▲$3.78Bn ▲$4.10Bn ▲$4.48Bn ▲
Freight
Freight
 $1.27Bn ▲$1.26Bn ▼$1.26Bn ▲$1.31Bn ▲
Mobility
Mobility
 $6.91Bn ▲$6.50Bn ▼$7.29Bn ▲$7.68Bn ▲

Five-Year Company Overview

Income Statement

Income Statement Uber’s income statement shows a company that has moved from heavy losses to meaningful profitability while still growing. Revenue has climbed steadily each year, and the business has shifted from operating losses to operating profits, suggesting the core operations are now working at scale. Net income has swung strongly into positive territory in the last two years, which is a major change from the earlier pattern of deep losses. Some of that bottom-line strength likely includes one-off gains and investment-related items, so the underlying, recurring profit level is probably closer to operating profit than to the headline net income. Overall, the trend is of a platform that has grown into its cost base and is now demonstrating operating leverage, but with earnings that can still be volatile.

Balance Sheet

Balance Sheet The balance sheet has strengthened noticeably. Total assets have grown, and the company’s equity base has expanded after years of being relatively thin, which gives Uber a larger financial cushion than before. Debt levels have stayed fairly steady rather than rising sharply, so leverage looks more manageable as equity increases. Cash on hand is solid, though not excessive, and the business no longer looks like it is surviving purely on external funding. That said, this is still a company with meaningful debt and a balance sheet that depends on continued healthy cash generation rather than a fortress-like cash pile.

Cash Flow

Cash Flow Cash flow has improved from a weak starting point to a clear positive story. A few years ago, Uber was burning cash in its day-to-day operations; now it is consistently generating cash from its core business. After modest spending on capital investments, there is a healthy level of free cash flow left over, showing that the business can largely fund itself and still have room for strategic investments or debt reduction. Capital spending needs are relatively light for a company of this scale, which supports free cash flow, but the quality of cash flow will still depend heavily on maintaining high trip volumes and stable economics with drivers, couriers, and merchants.

Competitive Edge

Competitive Edge Uber holds a strong competitive position built on scale, brand, and data. Its network of riders, drivers, restaurants, and retailers creates a powerful “flywheel”: more users attract more drivers and merchants, which improves service quality and convenience, which in turn attracts more users. The brand is widely recognized, often used as a generic term for ride-hailing, and the company operates across many countries and cities, giving it global reach that many rivals lack. Uber also benefits from deep data and sophisticated algorithms for pricing, matching, and routing, which are hard for smaller players to replicate. However, competition remains intense in both rides and delivery, with aggressive local and regional players, as well as other global platforms. Regulatory scrutiny and potential changes to driver classification remain key overhangs that could affect costs and flexibility across markets.

Innovation and R&D

Innovation and R&D Innovation is at the core of Uber’s strategy, but it increasingly follows an asset-light and partnership-focused model. The company continues to refine its core algorithms for pricing and matching using artificial intelligence and machine learning, aiming to squeeze out more efficiency from every trip. It has broadened from rides into food delivery, groceries, retail, and other local commerce, all tied together in a single app and loyalty program (Uber One), moving closer to a “super app” for on-demand services. In autonomous mobility, Uber has shifted from building everything in-house to partnering with specialized players in robotaxis and autonomous delivery, and it is experimenting with both self-driving vehicles and sidewalk robots. These efforts offer large long-term potential but are still exposed to regulatory risk, technological uncertainty, and the challenge of integrating new modes into a platform that must remain reliable and safe.

Summary

Taken together, Uber looks like a business that has transitioned from a cash-burning growth story to a more mature platform with improving economics. Revenue has grown strongly while profitability, cash flow, and the balance sheet have all moved in the right direction, suggesting the model is starting to scale effectively. The company’s competitive strengths come from its network effects, global reach, data, and brand, as well as its ability to extend the same app and logistics backbone into multiple use cases. At the same time, Uber operates in highly competitive, low-margin markets that are sensitive to regulation, labor dynamics, and macro conditions. Its innovation agenda—especially around autonomy and broader local commerce—offers significant upside potential but also introduces execution and regulatory risk. Overall, the financial and strategic trends are favorable, but the business remains exposed to industry-specific uncertainties and policy decisions that could materially affect its future economics.

NEWS

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