01—Abstract
Summary
Summary of the 8-K filed January 12, 2026. Cited figures are marked; the original filing is the authoritative source.
Uber Technologies, Inc. (UBER) has filed an 8-K report announcing significant changes to its financial reporting practices, effective Q1 2026.
The company will transition from reporting Adjusted EBITDA to new non-GAAP measures: Non-GAAP Operating Income, Non-GAAP Net Income, and Non-GAAP Earnings Per Share (EPS). These new metrics are designed to be more closely aligned with GAAP by including certain expenses previously excluded, such as depreciation, amortization (excluding acquired intangibles), and stock-based compensation. Additionally, Uber is shifting its segment reporting from Segment Adjusted EBITDA to Segment Operating Income.
These changes are intended to provide investors with a clearer view of ongoing operational performance and comparability across periods. The report also provides historical selected financial data for seven consecutive quarters ending September 30, 2025, under both the old and new non-GAAP frameworks, as well as the reclassified interest income presentation.
Investors should note that these changes primarily affect the presentation and calculation of non-GAAP metrics and segment performance, and do not alter previously reported GAAP financial results. The company emphasizes that these non-GAAP measures are supplemental and should be considered alongside GAAP financials.
02—Key points
Key Highlights
- Effective Q1 2026, Uber will replace Adjusted EBITDA with Non-GAAP Operating Income, Non-GAAP Net Income, and Non-GAAP EPS.
- The new non-GAAP measures will incorporate depreciation, amortization (excluding acquired intangibles), and stock-based compensation, moving closer to GAAP alignment.
- Segment reporting will transition from Segment Adjusted EBITDA to Segment Operating Income.
- Interest income will be presented separately on the Consolidated Statements of Operations starting with the fiscal year ending December 31, 2025.
- The filing provides historical comparative data for seven quarters (ended Sep 30, 2025) under the new and old non-GAAP reporting frameworks.
- Management states these changes aim to enhance comparability and provide a clearer view of ongoing operating performance.
- The company reiterates that these are non-GAAP measures and should be used as supplemental information alongside GAAP figures.
03—Questions
Frequently Asked Questions
What are the main changes Uber is making to its financial reporting?
Uber is changing how it reports its financial performance by replacing Adjusted EBITDA with Non-GAAP Operating Income, Non-GAAP Net Income, and Non-GAAP EPS. It is also changing its segment performance measure from Segment Adjusted EBITDA to Segment Operating Income. Additionally, interest income will be presented separately in its financial statements.
Why is Uber changing its non-GAAP reporting measures?
Uber is making these changes to bring its non-GAAP measures closer to GAAP by including expenses like depreciation, amortization (excluding acquired intangibles), and stock-based compensation. Management believes these new measures will offer a clearer view of ongoing operating performance and improve comparability across reporting periods.
Will these reporting changes affect Uber's previously reported financial results?
No, the company states that these changes primarily affect the presentation and calculation of non-GAAP metrics and segment performance going forward. They do not represent a restatement of previously issued financial statements and do not impact previously reported GAAP net revenue, income from operations, net income (loss), or earnings per share.
How will Segment Operating Income differ from Segment Adjusted EBITDA?
Segment Operating Income is replacing Segment Adjusted EBITDA as the primary segment performance measure. While the exact exclusions will be detailed in future filings, the shift suggests a move towards a metric that Management believes is more indicative of ongoing operating performance and potentially closer to GAAP Operating Income at the segment level.
04—Continue