Lyft, Inc.

Repurchased 12.8 million shares for $200 million in Q2'25 via our share repurchase program.

SEC original ↗Lyft, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025

In November 2024, the FASB issued ASU 2024-04, Debt with Conversion and Other Options (Subtopic 470-20): Induced Conversions of Convertible Debt Instruments , which seeks to clarify the requirements for determining whether certain settlements of convertible debt instruments should be accounted for as induced conversions.

SEC original ↗Lyft, Inc. — 10-Q Quarterly report10-QAug 7, 2026

The Company s investments consist of available-for-sale debt securities.

SEC original ↗Lyft, Inc. — 10-Q Quarterly report10-QAug 7, 2026

The Company considers debt securities as available for use in current operations, including those with maturity dates beyond one year, and therefore classifies these securities as short-term investments on the condensed consolidated balance sheets.

SEC original ↗Lyft, Inc. — 10-Q Quarterly report10-QAug 7, 2026

The Company is not aware of any specific event or circumstance that would require the Company to change its quarterly assessment of credit losses for any marketable available-for-sale debt security as of June 30, 2026.

SEC original ↗Lyft, Inc. — 10-Q Quarterly report10-QAug 7, 2026

No credit losses were recognized as of June 30, 2026 for the Company s marketable and non-marketable debt securities.

SEC original ↗Lyft, Inc. — 10-Q Quarterly report10-QAug 7, 2026

With market expansion and our strategic partnerships, we re ready to accelerate growth and deliver on our long-term targets.

SEC original ↗Lyft, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025

In some cases, you can identify forward looking statements because they contain words such as may, will, should, expects, plans, anticipates, going to, could, intends, target, projects, contemplates, believes, estimates, predicts, potential or continue or the negative of these words or other similar terms or expressions that concern Lyft's expectations, strategy, priorities, plans or intentions.

SEC original ↗Lyft, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025

Lyft uses its non-GAAP financial measures in conjunction with GAAP measures as part of our overall assessment of our performance, including the preparation of our annual operating budget and quarterly forecasts, to evaluate the effectiveness of our business strategies, and to communicate with our board of directors concerning our financial performance.

SEC original ↗Lyft, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025

We believe free cash flow is a useful indicator of liquidity that provides our management with information about our ability to generate or use cash to enhance the strength of our balance sheet, further invest in our business and pursue potential strategic initiatives.

SEC original ↗Lyft, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025

In some cases, you can identify forward-looking statements because they contain words such as may, will, should, expect, plan, anticipate, could, intend, target, project, contemplate, believe, estimate, predict, potential or continue or the negative of these words or other similar terms or expressions that concern our expectations, strategy, plans or intentions.

SEC original ↗Lyft, Inc. — 10-Q Quarterly report10-QAug 7, 2026

We have not provided the forward-looking GAAP equivalent to our non-GAAP outlook or a GAAP reconciliation as a result of the uncertainty regarding, and the potential variability of, reconciling items such as stock-based compensation and income tax.

SEC original ↗Lyft, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025

Lyft s expectations and beliefs regarding these matters may not materialize, and actual results in future periods are subject to risks and uncertainties that could cause actual results to differ materially from those projected, including risks related to the macroeconomic environment and risks regarding our ability to forecast our performance due to our limited operating history and the macroeconomic environment and the risk that our partnerships may not materialize as expected.

SEC original ↗Lyft, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025

The forward-looking statements contained in this release are also subject to other risks and uncertainties, including those more fully described in Lyft's filings with the Securities and Exchange Commission ( SEC ), including in our Annual Report on Form 10-K for the year ended December 31, 2024 and subsequent Quarterly Reports on Form 10-Q filed with the SEC.

SEC original ↗Lyft, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025

Legal Proceedings 44 Item 1A.

SEC original ↗Lyft, Inc. — 10-Q Quarterly report10-QAug 7, 2026

Exhibits 84 Signatures 85 Table of Contents NOTE ABOUT FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q contains forward-looking statements within the meaning of the federal securities laws, which statements involve substantial risks and uncertainties.

SEC original ↗Lyft, Inc. — 10-Q Quarterly report10-QAug 7, 2026

The outcome of the events described in these forward-looking statements is subject to risks, uncertainties and other factors, including those described in the section titled Risk Factors and elsewhere in this Quarterly Report on Form 10-Q.

SEC original ↗Lyft, Inc. — 10-Q Quarterly report10-QAug 7, 2026