UBER (Uber Technologies, Inc.) Stock Financials & Earnings

Company Info & Key Metrics

Uber Technologies, Inc. develops and operates proprietary technology applications in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. It connects consum...

CEODara Khosrowshahi

Country🇺🇸 United States

ExchangeNYSE

IPOMay 10, 2019

www.uber.com

Revenue$14.4B

YoY Growth+20.1%

QoQ Growth+6.7%

Net Income$296M

EPS$0.14

Free Cash Flow$2.8B

Gross Margin39.6%

Op. Margin12.3%

Net Margin2.1%

FCF Margin19.5%

Rev Multiple (TTM)2.9x

P/E Ratio (TTM)15.0x

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$8.8B	$3.6B	-$262M
Q2 23	$9.2B	$3.7B	$326M
Q3 23	$9.3B	$3.7B	$394M
Q4 23	$9.9B	$3.9B	$652M
Q1 24	$10.1B	$4.0B	$172M
Q2 24	$10.7B	$4.2B	$796M
Q3 24	$11.2B	$4.4B	$1.1B
Q4 24	$12.0B	$4.7B	$770M
Q1 25	$11.5B	$4.6B	$1.2B
Q2 25	$12.7B	$5.0B	$1.4B
Q3 25	$13.5B	$5.4B	$1.1B
Q4 25	$14.4B	$5.7B	$1.8B

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q1 23	4.5x	—
Q2 23	4.3x	—
Q3 23	4.2x	143.5x
Q4 23	4.1x	80.1x
Q1 24	3.9x	108.7x
Q2 24	3.8x	75.1x
Q3 24	3.6x	34.3x
Q4 24	3.4x	15.3x
Q1 25	3.3x	12.3x
Q2 25	3.2x	12.0x
Q3 25	3.0x	9.1x
Q4 25	2.9x	15.0x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	$606M	$549M
Q2 23	$1.2B	$1.1B
Q3 23	$966M	$905M
Q4 23	$823M	$768M
Q1 24	$1.4B	$1.4B
Q2 24	$1.8B	$1.7B
Q3 24	$2.2B	$2.1B
Q4 24	$1.8B	$1.7B
Q1 25	$2.3B	$2.3B
Q2 25	$2.6B	$2.5B
Q3 25	$2.3B	$2.2B
Q4 25	$2.9B	$2.8B

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$57M
Q2 23	$50M
Q3 23	$61M
Q4 23	$55M
Q1 24	$57M
Q2 24	$99M
Q3 24	$42M
Q4 24	$44M
Q1 25	$74M
Q2 25	$89M
Q3 25	$98M
Q4 25	$75M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+28.7%	+23.8%
Q2 23	+14.3%	+1.3%
Q3 23	+11.4%	+0.7%
Q4 23	+15.4%	+6.1%
Q1 24	+14.8%	+9.6%
Q2 24	+15.9%	+11.2%
Q3 24	+20.4%	+13.8%
Q4 24	+20.4%	+20.5%
Q1 25	+13.8%	+3.5%
Q2 25	+18.2%	+13.1%
Q3 25	+20.4%	+22.0%
Q4 25	+20.1%	+12.5%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$470M	5.3%
Q2 23	$504M	5.5%
Q3 23	$492M	5.3%
Q4 23	$469M	4.7%
Q1 24	$484M	4.8%
Q2 24	$455M	4.3%
Q3 24	$438M	3.9%
Q4 24	$419M	3.5%
Q1 25	$435M	3.8%
Q2 25	$475M	3.8%
Q3 25	$465M	3.5%
Q4 25	$451M	3.1%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q1 23	$775M	$942M	$1.3B
Q2 23	$808M	$491M	$1.2B
Q3 23	$797M	$646M	$941M
Q4 23	$784M	$603M	$935M
Q1 24	$790M	$1.2B	$917M
Q2 24	$760M	$686M	$1.1B
Q3 24	$774M	$630M	$1.1B
Q4 24	$785M	$1.1B	$1.2B
Q1 25	$815M	$657M	$1.1B
Q2 25	$840M	$669M	$1.2B
Q3 25	$862M	$1.2B	$1.3B
Q4 25	$885M	$732M	$1.4B

Rule of 40

Quarter	Rev Growth %	EBITDA Margin %	Rule of 40
Q1 23	28.7%	2.7%	31.4
Q2 23	14.3%	8.7%	23.1
Q3 23	11.4%	5.9%	17.3
Q4 23	15.4%	22.0%	37.4
Q1 24	14.8%	-3.1%	11.7
Q2 24	15.9%	13.1%	29.0
Q3 24	20.4%	27.7%	48.1
Q4 24	20.4%	10.1%	30.4
Q1 25	13.8%	14.5%	28.3
Q2 25	18.2%	14.2%	32.4
Q3 25	20.4%	21.7%	42.1
Q4 25	20.1%	4.1%	24.2

Revenue Segments

Quarter	Delivery	Freight	Mobility
Q1 23	$3.1B	$1.4B	$4.3B
Q2 23	$3.1B	$1.3B	$4.9B
Q3 23	$2.9B	$1.3B	$5.1B
Q4 23	$3.1B	$1.3B	$5.5B
Q1 24	$3.2B	$1.3B	$5.6B
Q2 24	$3.3B	$1.3B	$6.1B
Q3 24	$3.5B	$1.3B	$6.4B
Q4 24	$3.8B	$1.3B	$6.9B
Q1 25	$3.8B	$1.3B	$6.5B
Q2 25	$4.1B	$1.3B	$7.3B
Q3 25	$4.5B	$1.3B	$7.7B
Q4 25	$4.9B	$1.3B	$8.2B

Revenue by Geography

Quarter	Asia Pacific	Emea	Latin America	United States And Canada
Q1 23	$1.0B	$2.1B	$565M	$5.1B
Q2 23	$1.1B	$2.4B	$627M	$5.1B
Q3 23	$1.1B	$2.6B	$642M	$4.9B
Q4 23	$1.2B	$2.8B	$678M	$5.2B
Q1 24	$1.2B	$2.8B	$710M	$5.5B
Q2 24	$1.2B	$3.0B	$679M	$5.8B
Q3 24	$1.3B	$3.2B	$679M	$6.0B
Q4 24	$1.3B	$3.6B	$727M	$6.3B
Q1 25	$1.3B	$3.3B	$717M	$6.2B
Q2 25	$1.4B	$3.9B	$789M	$6.6B
Q3 25	$1.6B	$4.4B	$829M	$6.7B

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$4.9B	$121M	$5.1B
Q2 23	$5.9B	$538M	$6.4B
Q3 23	$5.3B	$725M	$6.0B
Q4 23	$5.5B	$727M	$6.2B
Q1 24	$5.8B	$744M	$6.6B
Q2 24	$5.3B	$1.8B	$7.1B
Q3 24	$7.1B	$2.9B	$10.0B
Q4 24	$6.4B	$1.1B	$7.5B
Q1 25	$6.4B	$894M	$7.3B
Q2 25	$7.6B	$932M	$8.6B
Q3 25	$8.9B	$654M	$9.6B
Q4 25	$7.7B	$528M	$8.3B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	2.01B	-2.5%
Q2 23	2.08B	+3.5%
Q3 23	2.11B	+1.4%
Q4 23	2.12B	+0.6%
Q1 24	2.08B	-2.0%
Q2 24	2.15B	+3.4%
Q3 24	2.15B	+0.2%
Q4 24	2.14B	-0.6%
Q1 25	2.12B	-0.9%
Q2 25	2.12B	+0.1%
Q3 25	2.12B	+0.0%
Q4 25	2.11B	-0.9%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 16	—	—
FY 17	—	—
FY 18	—	—
FY 19	$483K	27K
FY 20	$489K	23K
FY 21	$596K	29K
FY 22	$972K	33K
FY 23	$1M	30K
FY 24	$1M	31K
FY 25	$2M	34K