Company / R&D Expense
Lyft, Inc. R&D Expense History
FY2017-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest R&D Expense
$451.4M
FY2025
5-year range
$397.1M / $911.9M
FY2021-FY2025
Trend
+13.7%
vs FY2024
Sector context
#24 of 174
Industrials
What the data says
Lyft, Inc.'s r&d expense of $451M is higher than 86% of companies in the Industrials sector (FY2025). R&D Expense returned to growth in FY2025 after 3 years of decline, reaching $451M.
Based on SEC 10-K filings.
$451M in FY2025 with a 5-year CAGR of +8.5%. Top quartile in the Industrials sector.
Declined from $556M to $451M over the past 2 years.
Industrials sector context is included.
R&D Expense over time
Growth rates
- 3-Year CAGR
- -20.8%
- 5-Year CAGR
- +8.5%
- 10-Year CAGR
- -
Sector benchmark
Top 14% in IndustrialsTop 14% of 174This company $451.4M Sector average $273.7M
▼
+64.9% above sector average
Key checks
Key Insights
- 5-year CAGR of +8.5%, indicating consistent growth.
- In FY2025, r&d expense increased 13.7% year-over-year.
- Ranks #24 out of 174 companies in the Industrials sector.
- Peak r&d expense was recorded in FY2019.
Company context
Key Data Points
- Altman Z-Score 0.05 (distress zone, below 1.8 threshold)
- Low earnings quality (accrual-heavy earnings)
- Strong return on equity: 26.3%
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | R&D ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $451.4M | +13.7% |
| FY2024 | $397.1M | -28.6% |
| FY2023 | $555.9M | -38.9% |
| FY2022 | $909.1M | -0.3% |
| FY2021 | $911.9M | +203.1% |
| FY2020 | $300.8M | -80.0% |
| FY2019 | $1.5B | +400.5% |
| FY2018 | $300.8M | +120.2% |
| FY2017 | $136.6M | - |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026