Key insights
- Lyft appears undervalued based on DCF analysis, with strong Q1 2026 results: 14% YoY revenue growth, GAAP profitability, and robust cash flow. The acquisition of Gett's UK business signals European expansion. Positive sentiment may lead to moderate upward pressure on Lyft's stock and potentially other ride-sharing companies.
On a dcf basis seems undervalued. Everyone and their brother talks about Uber, and it's probably a decent buy... But Lyft seems better than decent, my favorite kind of buys..
Gemini shared the following:
Top-Line Growth: Revenue for Q1 2026 reached $1.65 billion, up 14% YoY. Gross Bookings hit $4.9 billion, a 19% increase.
Profitability: The company reported a GAAP net income of $14.3 million (its second consecutive quarter of GAAP profitability). Adjusted EBITDA rose 25% YoY to $132.8 million.
Cash Flow: Lyft is now a cash-flow powerhouse, generating $307.7 million in operating cash flow in Q1 alone. Trailing Twelve Month (TTM) Free Cash Flow hit an all-time high of $1.1 billion.
Expansion: The recent acquisition of Gett’s UK business (closed May 2026) marks a major push into the London taxi and ride-hail market, Europe's largest.
Anyone know the catch? Have you also looked into this?