COMPANY FILINGS

Uber

UBER

In fiscal 2025, Uber Technologies, Inc. operated businesses connecting consumers with rides and restaurant deliveries, and connecting freight shippers with carriers.

Business description: FY2025CIK 0001543151Source: SEC EDGAR
Annual reports
5
Report coverage
2021–2025
Financial statement focus
Balance sheet
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Annual report insights

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AI-generated summaries of the cited 10-K filings. For informational purposes only; not personalized investment advice.

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Fiscal 2025

Year ended Filed

Read FY2025 annual report (opens in a new tab)
  • Revenue reached US$52.0 billion in 2025, up 18% from 2024. Management attributed the increase primarily to higher Gross Bookings, driven by more rides (Mobility) and delivery orders (Delivery). Gross Bookings measures the value of those rides and orders plus Freight revenue, including applicable taxes, tolls and fees. It excludes driver tips and makes no adjustment for customer discounts or refunds, driver or merchant earnings, or driver incentives. It measures platform activity and differs from Uber revenue.

    Source: 2025
  • Uber completed its acquisition of an 85% controlling stake in Trendyol GO on June 17, 2025, expanding its delivery business in Türkiye. From acquisition through year-end, the acquired business contributed revenue and loss before income tax that were not significant relative to Uber's overall results.

    Source: 2025
View full 10-K summary 2025Hide full 10-K summary 2025

Signals describe observations in the selected filing, not forecasts or investment ratings. Risk disclosures do not establish that a loss occurred.

Positive signals

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Negative signals

  • UK VAT dispute

    By December 31, 2025, Uber had received approximately US$1.8 billion (£1.4 billion) of disputed UK value-added tax (VAT) assessments covering March 2022 through September 2024. Uber paid them to pursue appeals, without accepting the assessments. Payments made during 2023–2025 were recorded as an amount it expected to recover (a receivable) following successful appeals; recovery was not an established outcome.

    Source: 2025
  • Driver status

    Uber warned that a requirement to classify drivers as employees, workers or quasi-employees, where those statuses exist, would bring significant additional compensation costs, including benefits, social security contributions, taxes and potential penalties. It also warned that drivers could leave the platform if an employment model reduced flexibility. These are conditional risks, not findings that all drivers were misclassified.

    Source: 2025

Business context

  • Tax benefit

    Uber's 2025 net income attributable to the company was US$10.1 billion, including a US$5.0 billion accounting tax benefit in the Netherlands. Deferred tax assets represent future tax benefits; a valuation allowance reduces the amount recognized when their use is doubtful. Management concluded that anticipated future earnings and other available evidence supported using benefits previously held back by that allowance. Reversing it increased reported profit; it was not cash received or revenue from rides or deliveries.

    Source: 2025

Business in fiscal 2025

In fiscal 2025, Uber Technologies, Inc. operated businesses connecting consumers with rides and restaurant deliveries, and connecting freight shippers with carriers.

Source: 2025

5-year changes

FY2021–FY2025

These changes use selected original filing passages and nearby context from the stated five fiscal years. They are not an exhaustive review of all five reports and exclude later-year filings.

  • Reported revenue

    Uber reported revenue of $17.5 billion in 2021, $31.9 billion in 2022 and $52.0 billion in 2025. The comparison includes changes beyond transaction volumes: management said the 2022 increase reflected the Transplace acquisition, UK business-model changes and amounts recorded for resolving older UK claims about drivers’ employment status. In certain Mobility markets, the 2022 arrangements also changed revenue presentation to include customer payments before deducting driver payments, with driver payments recorded as costs.

    Source: 2021, 2022, 2025
  • Borrowing capacity

    Uber's revolving credit facility—a borrowing line that can be drawn, repaid and reused—had approximately $2.5 billion of capacity following a July 2023 increase. A replacement agreement in September 2024 provided $5.0 billion of commitments with no specific collateral pledged, maturing in September 2029. Those commitments remained $5.0 billion in the 2025 report, with no loan balance outstanding at December 31, 2025. Letters of credit—bank commitments supporting obligations such as leases and insurance—used US$343 million of this facility’s available capacity at that date despite no loans being drawn. The US$5.0 billion limit is not cash already borrowed.

    Source: 2023, 2024, 2025
  • Autonomous vehicles

    Uber sold its ATG autonomous-vehicle development business to Aurora in January 2021. In 2025, Uber agreed that it or designated fleet operators would purchase at least 20,000 Lucid vehicles equipped with Nuro autonomous-driving systems over six years after production began, then targeted for 2026. This was a purchase agreement, not completed vehicle deployment: Uber said its cash requirement was undetermined at December 31, 2025, and completion remained uncertain.

    Source: 2021, 2025
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FINANCIAL STATEMENTS

Balance sheet

A snapshot of what Uber owns and owes at a point in time.

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Annual reports & SEC 10-K filings

SEC EDGAR

5 reports in this collection

Original SEC annual reports, with report period and filing date
Report periodFiled with SECFormSource
Dec 31, 20250001543151-26-000015Feb 13, 202610-KOpen 10-Ksec.govRead FY2025 summary
Dec 31, 20240001543151-25-000008Feb 14, 202510-KOpen 10-Ksec.gov
Dec 31, 20230001543151-24-000012Feb 15, 202410-KOpen 10-Ksec.gov
Dec 31, 20220001543151-23-000010Feb 21, 202310-KOpen 10-Ksec.gov
Dec 31, 20210001543151-22-000008Feb 24, 202210-KOpen 10-Ksec.gov

Dates describe the filing metadata. Figures and reporting periods should be checked against the original statement. SEC links open in a new tab.