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UBERUber

Industrials · Business Services · NYSE
Employees
34,000
Headquarters
San Francisco, CA
CEO
Dara Khosrowshahi
Next results
around Feb 3, 2027
Compare with peers → Embed
All key numbers (39, from the latest 10-K and 10-Q) From EDGAR
EPS (ttm)1.70Sales (ttm)56.5BNet income (ttm)3.5BSales growth+18.3%EPS growth+3.7%Sales Q/Q+9.6%
Free cash flow10.4BGross margin-Oper. margin12.4%Net margin6.1%FCF margin18.4%ROE12.5%
ROA4.9%R&D / sales6.5%Dividend0.00Debt/Eq0.57Curr. ratio1.23Cash9.6B
Op. cash flow (ttm)10.7BEBITDA6.3BEBITDA margin12.1%Net debt6.1BQuick ratio1.23Interest cover12.65
ROIC22.5%Payout ratio0.0%Tax rate-74.9%Stock pay / sales3.5%Shares out.2.0BShares Y/Y-1.4%
Book / share13.55Cash / share4.68Sales / share27.68Asset turnover0.80Days sales out.27Sales 3Y CAGR+17.7%
Sales 5Y CAGR+36.1%Employees34,000Sales / employee1.7M

Hover or tap a number to see the XBRL line item and filing it comes from; click it to open that filing at SEC. What each number means. Looks wrong? Tell us.

Changes in the numbers

FY2025 against FY2024
  • Free cash flow rose 42%$6.9B → $9.8B · Cash from operations − capital expenditure · 10-K ↗
  • Operating margin widened to 10.7%6.4% → 10.7% · Operating income / revenue · 10-K ↗
What management wrote about it → · Every company →

UBER against Industrials peers

Ten years, side by side → · All 83 →
GrowthProfitBalanceCleanInsiders
UBERPeer median

Each side 0 to 100, ranked against every company we cover: relative position on reported figures, not a buy score. How

Every dot is one of the 83 companies, the better end on the right. Hover a dot for the company.

Sales growth
+18.3%8th of 82 · median +4.8%
Net margin
6.1%68th of 82 · median 13.0%
Return on equity
12.5%65th of 77 · median 24.9%
Free cash flow margin
18.4%18th of 79 · median 13.0%
Debt / equity (less is better)
0.5728th of 72 · median 0.72
UBER and the 5 peers closest in revenue
CompanyRevenue (ttm)Sales growthGross marginNet marginROEFCF marginDebt / equity
UBER Uber$56.5B +18.3%-6.1%12.5%18.4%0.57
UAL United Airlines Holdings$65.6B +3.5%-5.5%20.1%1.7%1.49
GD General Dynamics$56.5B +10.1%-8.2%17.1%10.2%0.26
GE GE Aerospace$52.6B +18.5%-17.3%52.0%15.3%1.00
DE Deere & Company$48.0B -11.7%-10.2%17.4%12.5%0.61
GEV GE Vernova$44.0B +9.0%21.7%23.5%91.1%38.9%0.25

Profitability

0 of 3
  • !
    Net margin below the peer median6.1% vs 13.0%
  • !
    Return on equity below 15%12.5%
  • !
    A profit in 4 of 9 years
Net margin, FY2017 to FY2025: -50.8% → 19.3%

Balance sheet

4 of 4
  • ✓
    Interest covered more than 5 timesOperating income is 12.6× interest expense
  • ✓
    Debt smaller than equityDebt / equity 0.57 on the latest balance sheet (peer median 0.72)
  • ✓
    Current assets cover current liabilitiesCurrent ratio 1.23
  • ✓
    Net debt under 3 years of free cash flow$5.6B net debt, 0.5 years
Debt / equity at each year end, FY2017 to FY2025: 0.41 → 0.39
What the debt is made of ↓

Cash and shareholders

1 of 3
  • !
    Free cash flow positive in 4 of 9 years$9.8B last year
  • !
    Share count up over 5 years+20.9%
  • ✓
    Cash from operations above net income$10.1B vs $10.1B
Free cash flow, FY2017 to FY2025: -2.2B → 9.8B

Each tick is a fact with a fixed rule (on /methodology), not a score or advice. A check without the numbers it needs is left out.

What the debt is made of, and when it is due

balance sheet of Sep 30, 2026 · schedule of Dec 31, 2025
Debt: $15.7B Debt$15.7B Long-term debt: $15.7B · 100% Long-term debt$15.7B · 100% Year 3: $2.9B · 18% Year 3$2.9B · 18% Year 4: $1.5B · 10% Year 4$1.5B · 10% Year 5: $1.2B · 8% Year 5$1.2B · 8% After year 5: $5.0B · 32% After year 5$5.0B · 32%

The debt note's own lines, 2025-12-31

Line, as the company names itKindRateFixed or floatingAmount
2028 Convertible Notes (Convertible Debt)Convertible0.88–1.10%not stated$1.7B
2029 Senior Notes (Senior Notes)Notes and bonds4.50–4.70%not stated$1.5B
2034 Senior Notes (Senior Notes)Notes and bonds4.80–4.90%not stated$1.5B
2030 Senior Notes (Senior Notes)Notes and bonds4.30–4.50%not stated$1.2B
2035 Senior Notes (Senior Notes)Notes and bonds4.80–5.00%not stated$1.2B
2054 Senior Notes (Senior Notes)Notes and bonds5.35–5.40%not stated$1.2B
2028 Exchangeable Senior Notes (Senior Notes)Notes and bonds–not stated$1.1B
2031 Senior Notes (Senior Notes)Notes and bonds4.15–4.30%not stated$1.0B

From the debt note in the 10-K's XBRL (0001543151-26-000015), as the company tags it: by issue, by year, by currency or by kind. Lines from two ways of cutting the same debt can overlap, so they are not added up. Fixed or floating is read from the line's own name only; "not stated" when it says neither.

Left: the debt lines on the balance sheet (XBRL). Right: the principal due each year, from the debt note's maturity schedule; it can differ a little from the balance sheet, which shows the debt net of discounts and fees. Leases are not counted. The full schedule →

Revenue and net income, FY2017 to FY2025

Revenue 52.0B Net income 10.1B
FY2017 revenue 7.9B · Revenues, 0001543151-20-000010 FY2017 net income -4.0B · NetIncomeLoss, 0001543151-20-000010 7.9B FY2017 FY2018 revenue 10.4B · Revenues, 0001543151-21-000014 FY2018 net income 997.0M · NetIncomeLoss, 0001543151-21-000014 10.4B FY2018 FY2019 revenue 13.0B · Revenues, 0001543151-22-000008 FY2019 net income -8.5B · NetIncomeLoss, 0001543151-22-000008 13.0B FY2019 FY2020 revenue 11.1B · Revenues, 0001543151-23-000010 FY2020 net income -6.8B · NetIncomeLoss, 0001543151-23-000010 11.1B FY2020 FY2021 revenue 17.5B · Revenues, 0001543151-24-000012 FY2021 net income -496.0M · NetIncomeLoss, 0001543151-24-000012 17.5B FY2021 FY2022 revenue 31.9B · Revenues, 0001543151-25-000008 FY2022 net income -9.1B · NetIncomeLoss, 0001543151-25-000008 31.9B FY2022 FY2023 revenue 37.3B · Revenues, 0001543151-26-000015 FY2023 net income 1.9B · NetIncomeLoss, 0001543151-26-000015 37.3B FY2023 FY2024 revenue 44.0B · Revenues, 0001543151-26-000015 FY2024 net income 9.9B · NetIncomeLoss, 0001543151-26-000015 44.0B FY2024 FY2025 revenue 52.0B · Revenues, 0001543151-26-000015 FY2025 net income 10.1B · NetIncomeLoss, 0001543151-26-000015 52.0B FY2025

From XBRL in each 10-K. Hover a bar for the line item and filing. Full financials →

Where the $52.0B of revenue came from

by segment, year to Dec 31, 2025
  • Mobility $29.7B · 57%
  • Delivery $17.2B · 33%
  • Freight $5.1B · 10%

From the segment tables in the 10-K XBRL. Revenue by segment, product and region →

UBER's income statement, balance sheet and cash flow as reported to the SEC in XBRL, one column per fiscal year. Hover a number to see the line item and filing it comes from. Where a company changed how it tags a line, the first tag it reported for that period is used. A number looks wrong? Tell us.

Revenue52.0B
FY2017: 7.9BFY2018: 10.4BFY2019: 13.0BFY2020: 11.1BFY2021: 17.5BFY2022: 31.9BFY2023: 37.3BFY2024: 44.0BFY2025: 52.0B FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Net income10.1B
FY2017: -4.0BFY2018: 997.0MFY2019: -8.5BFY2020: -6.8BFY2021: -496.0MFY2022: -9.1BFY2023: 1.9BFY2024: 9.9BFY2025: 10.1B FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Free cash flow9.8B
FY2017: -2.2BFY2018: -2.1BFY2019: -4.9BFY2020: -3.4BFY2021: -743.0MFY2022: 390.0MFY2023: 3.4BFY2024: 6.9BFY2025: 9.8B FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
EPS (diluted)4.73
FY2017: -9.46FY2018: 0.00FY2019: -6.81FY2020: -3.86FY2021: -0.29FY2022: -4.65FY2023: 0.87FY2024: 4.56FY2025: 4.73 FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Dividend per share0.00
FY2017: -FY2018: -FY2019: 0.00FY2020: 0.00FY2021: 0.00FY2022: 0.00FY2023: 0.00FY2024: 0.00FY2025: 0.00 FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Diluted shares2.1B
FY2017: 426.4MFY2018: 479.0MFY2019: 1.2BFY2020: 1.8BFY2021: 1.9BFY2022: 2.0BFY2023: 2.1BFY2024: 2.2BFY2025: 2.1B FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025

Revenue by business segment

year to Dec 31, 2025
RevenueSharevs year before
Mobility 29.7B57.0% +18.3%
Delivery 17.2B33.2% +25.4%
Freight 5.1B9.8% -0.8%

10-K 0001543151-26-000015, segment and revenue notes (XBRL).

Revenue by region

year to Dec 31, 2025
RevenueSharevs year before
United States and Canada ("US&CAN") 26.5B50.9% +12.1%
United States 23.8B45.7% +10.9%
All other countries 17.6B33.9% +24.4%
Europe, Middle East and Africa ("EMEA") 16.4B31.5% +30.6%
United Kingdom 10.6B20.4% +26.7%
Asia Pacific ("APAC") 5.9B11.3% +16.3%
Latin America ("LatAm") 3.3B6.4% +19.0%

10-K 0001543151-26-000015, segment and revenue notes (XBRL).

Income statement

From EDGAR
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue7.9B10.4B13.0B11.1B17.5B31.9B37.3B44.0B52.0B
R&D1.2B1.5B4.8B2.2B2.1B2.8B3.2B3.1B3.4B
SG&A2.3B2.1B3.3B2.7B2.3B3.1B2.7B3.6B3.2B
Operating income-4.1B-3.0B-8.6B-4.9B-3.8B-1.8B1.1B2.8B5.6B
Interest expense479.0M648.0M559.0M458.0M483.0M565.0M633.0M523.0M440.0M
Pretax income-4.6B1.3B-8.4B-6.9B-1.0B-9.4B2.3B4.1B5.8B
Income tax-542.0M283.0M45.0M-192.0M-492.0M-181.0M213.0M-5.8B-4.3B
Net income-4.0B997.0M-8.5B-6.8B-496.0M-9.1B1.9B9.9B10.1B
EPS (diluted)-9.460.00-6.81-3.86-0.29-4.650.874.564.73
Diluted shares426.4M479.0M1.2B1.8B1.9B2.0B2.1B2.2B2.1B
Depreciation & amortization510.0M426.0M472.0M575.0M902.0M947.0M823.0M711.0M719.0M
EBITDA-3.6B-2.6B-8.1B-4.3B-2.9B-885.0M1.9B3.5B6.3B
Operating margin-51.4%-29.1%-66.1%-43.7%-22.0%-5.7%3.0%6.4%10.7%
Net margin-50.8%9.6%-65.4%-60.8%-2.8%-28.7%5.1%22.4%19.3%
Revenue growth-+31.5%+24.6%-14.3%+56.7%+82.6%+17.0%+18.0%+18.3%
EPS growth-------+424%+3.7%

Balance sheet

From EDGAR

Cash flow

From EDGAR
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow-1.4B-1.5B-4.3B-2.7B-445.0M642.0M3.6B7.1B10.1B
Capital spending821.0M558.0M588.0M616.0M298.0M252.0M223.0M242.0M336.0M
Free cash flow-2.2B-2.1B-4.9B-3.4B-743.0M390.0M3.4B6.9B9.8B
Stock-based pay (added back)124.0M170.0M4.6B827.0M1.2B1.8B1.9B1.8B1.8B
Buybacks-----001.3B6.5B
Acquisitions064.0M7.0M1.5B2.3B59.0M00815.0M
Debt raised03.5B1.2B2.6B1.8B02.8B4.0B3.4B
Debt repaid12.0M19.0M27.0M527.0M309.0M02.7B4.0B2.4B
Investing cash flow-487.0M-695.0M-790.0M-2.9B-1.2B-1.6B-3.2B-3.2B-3.6B
Financing cash flow1.0B4.6B8.9B1.4B1.8B15.0M-95.0M-2.1B-5.7B
Dividend per share--0.000.000.000.000.000.000.00

Stock-based pay and leases

From EDGAR
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Stock-based pay (expense)124.0M170.0M4.6B827.0M1.2B1.8B1.9B1.8B1.8B
Stock-based pay / revenue1.6%1.6%35.4%7.4%6.7%5.6%5.2%4.1%3.5%
Operating lease cost--321.0M482.0M299.0M304.0M321.0M294.0M288.0M
Operating lease cash paid--275.0M250.0M297.0M339.0M335.0M332.0M303.0M
Finance lease principal paid--138.0M224.0M226.0M184.0M171.0M172.0M157.0M
Right-of-use assets--1.6B1.3B1.4B1.4B1.2B1.2B1.1B
Operating lease liabilities--1.7B1.7B1.8B1.9B1.7B1.6B1.6B
Finance lease liabilities--308.0M297.0M234.0M399.0M478.0M310.0M222.0M

From SEC's XBRL company facts (data.sec.gov). EBITDA = operating income + depreciation and amortization; free cash flow = operating cash flow - capital spending; total debt = long-term debt (with its current part) + short-term borrowings. Stock-based pay and leases are shown as the company reports them; Tickdelta does not take them out of earnings or add leases to debt. Click a number to open the filing in SEC's Inline XBRL viewer, where you can click the same number to see how it is tagged. Values a company later revised show as revised; the Revised numbers tab lists the changes.

Work on UBER in a spreadsheet: Excel workbook (a sheet per section, ten years by column, charts, links to the filings) · CSV. For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/UBER/export.csv") into a cell.