Uber Technologies, IncUBER
Uber Technologies, Inc Financial Overview 2021–2025
Updated Jul 10, 2026Uber generated a staggering $10.05 billion in net income in FY2025, cementing a historic profitability turnaround for a platform once notorious for severe cash burn. While the bottom line was aided by a $5.0 billion tax allowance release, the core investment thesis is undeniable: the company has successfully scaled its dual mobility and delivery model to achieve immense operational leverage and sustainable cash generation.
This leverage is the direct result of relentless top-line expansion and network effects. System-wide Gross Bookings more than doubled from $90.4 billion in FY2021 to $193.45 billion in FY2025. Total revenue reached $52.0 billion in FY2025, representing an 18% year-over-year growth rate driven by increased trip volumes. Profitability metrics scaled even faster, with Adjusted EBITDA surging 35% to hit $8.73 billion as the network captured demand from its 202 million Monthly Active Platform Consumers.
The market recognized this transition from growth-at-all-costs to profitable execution at the close of FY2025, valuing the company at a $169.0 billion market cap. Shares ended that fiscal year priced at $81.71, trading at a 17.3x earnings multiple. Backed by $7.6 billion in unrestricted cash and equivalents at year-end, management has pivoted toward aggressive capital returns, authorizing a new $20 billion share repurchase program to reward investors as the business continues to mature.
Recent Developments (Q4 2025 and Q1 2026)
Uber's top-line momentum exiting Q4 2025 carried into Q1 2026, though equity investments dragged on recent bottom-line results. Total revenue climbed 14% year-over-year to $13.2 billion, supported by a 25% jump in Gross Bookings. However, net income plunged to $263 million following a $1.5 billion unrealized loss on investments like Grab and Didi. Operationally, the company expanded its footprint through the $600 million acquisition of SpotHero and a $335 million deal for Getir’s food delivery business. The period also featured Balaji Krishnamurthy taking over as Chief Financial Officer in February 2026.
Bulls point to robust operating performance and aggressive capital returns, highlighted by $3.0 billion in share repurchases executed during the quarter. Conversely, bears warn that large external equity stakes introduce severe earnings volatility. The stock traded at 16.7x earnings as of the Q1 2026 release, appearing reasonably valued given ongoing top-line expansion.
What to watch: integration of the Getir and SpotHero acquisitions; investor reception to new non-GAAP operating metrics replacing Adjusted EBITDA.
Rev
$52.02B
FY2025
NI
$10.05B
FY2025
EPS
$4.82
FY2025
OCF
$10.10B
FY2025
Year-over-year comparison from 10-K annual reports
Data from SEC Company Facts
Recent SEC Filings
Uber Technologies, Inc 8-K Report, Executive Changes (May 11, 2026)
Uber Technologies, Inc. (UBER) announced a significant leadership change via an 8-K filing on May 11, 2026. Nikki Krishnamurthy, Chief People Officer, has stepped down from her role and will serve as an advisor during a transition period. This departure marks the end of a key executive's tenure responsible for the company's culture and trajectory. In a related move, Jill Hazelbaker, currently Chief Marketing Officer and Senior Vice President, Communications & Public Policy, will assume an expanded role as President & Chief Corporate Affairs Officer. This new position consolidates her existing responsibilities with oversight of the Safety Operations function, effectively absorbing Ms. Krishnamurthy’s previous duties. The company's CEO, Dara Khosrowshahi, expressed gratitude for Ms. Krishnamurthy's contributions and confidence in Ms. Hazelbaker's ability to navigate the company through evolving technological landscapes like AI and autonomous vehicles.
Uber Technologies, Inc 8-K Report, Shareholder Vote Results (May 8, 2026)
Uber Technologies, Inc. (UBER) filed an 8-K on May 8, 2026, detailing the outcomes of its annual meeting of stockholders held on May 4, 2026. The meeting saw strong participation, with approximately 83% of the voting power of the outstanding common stock represented. Key resolutions passed by stockholders included the election of ten directors to serve until the 2027 annual meeting, a non-binding advisory vote approving the 2025 compensation of named executive officers, and the ratification of PricewaterhouseCoopers LLP as the independent registered public accounting firm for 2026. The company will continue to hold annual advisory votes on executive compensation, aligning with the Board's recommendation. Investors can interpret these results as a general endorsement of the company's current board leadership and executive compensation practices. The overwhelming support for director nominees and executive pay suggests shareholder confidence in management's direction. The ratification of PricewaterhouseCoopers LLP reinforces the established auditor relationship. The high attendance and affirmative votes on these critical governance matters indicate a stable and engaged shareholder base.
Uber Technologies, Inc 8-K Report, Financial Results (May 6, 2026)
Uber Technologies, Inc. (UBER) has filed an 8-K report on May 6, 2026, to announce its first-quarter financial results for the period ended March 31, 2026. The key information is contained within the furnished press release (Exhibit 99.1), which provides details on the company's operational and financial performance during the quarter. Investors should refer to this press release for specific figures related to revenue, profitability, and other key performance indicators. While the 8-K itself is procedural, it signifies Uber's routine public disclosure of quarterly financial outcomes. The furnished press release will likely detail the company's progress in its core segments (Mobility and Delivery), its outlook, and any significant operational developments. Investors will be keen to understand trends in gross bookings, Adjusted EBITDA, and user growth, as these metrics are crucial for assessing the company's ongoing growth trajectory and market position.
Uber Technologies, Inc 8-K Report, Regulation FD Disclosure (Feb 9, 2026)
Uber Technologies, Inc. (UBER) has announced a significant strategic move with the agreement to acquire Getir Perakende Lojistik A.Ş.'s (“Getir”) delivery portfolio in Türkiye. This acquisition, valued at $335 million for Getir's food delivery business on a cash and debt-free basis, marks a substantial expansion for Uber in the Turkish market. The acquired food delivery business demonstrated robust growth, generating over $1 billion in gross bookings in 2025, a more than 50% increase year-over-year on a constant currency basis. In addition to the outright purchase of the food delivery segment, Uber is investing $100 million for a 15% stake in Getir's remaining delivery operations, which include grocery, retail, and water delivery. The full acquisition of these additional segments is contingent on specific operating and financial performance milestones and is expected to be finalized over the next few years. The initial acquisition of the food delivery business is subject to regulatory approvals and other closing conditions, with an anticipated closing in the second half of 2026. This move signals Uber's commitment to consolidating its market position and capitalizing on growth opportunities in key international markets.
Uber Technologies, Inc 8-K Report, Financial Results (Feb 4, 2026)
Uber Technologies, Inc. (UBER) announced a CFO transition in an 8-K filing on February 4, 2026. Effective February 16, 2026, current CFO Prashanth Mahendra-Rajah will step down and transition to a Senior Finance Advisor role until July 1, 2026. Balaji Krishnamurthy, currently Vice President of Strategic Finance, will succeed Mr. Mahendra-Rajah as the new Chief Financial Officer. This leadership change occurs as Uber continues its growth trajectory. The company highlighted Mr. Mahendra-Rajah's contributions, including achieving investment-grade status and spearheading share repurchases and acquisitions. The appointment of Mr. Krishnamurthy, who has extensive experience within Uber and strong investor relations, signals a focus on continuity and strategic financial management. Investors will be keen to see how Mr. Krishnamurthy's tenure unfolds, particularly given his direct involvement in investor relations and strategic finance at the company.
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