Quick Answer
Lyft, Inc. reported R&D Expense of $451.42 million for fiscal year 2025.
Lyft, Inc. R&D Expense — Annual History
| Fiscal Year | R&D Expense | YoY Change |
|---|---|---|
| 2025 | $451.42M | +13.7% |
| 2024 | $397.07M | -28.6% |
| 2023 | $555.92M | -35.1% |
| 2022 | $856.78M | -6.0% |
| 2021 | $911.95M | +0.3% |
| 2020 | $909.13M | -39.6% |
| 2019 | $1.51B | +400.5% |
| 2018 | $300.84M | +120.2% |
| 2017 | $136.65M | — |
Quarterly R&D Expense
| Quarter Ending | R&D Expense | YoY | QoQ |
|---|---|---|---|
| September 30, 2025 | $109.61M | +4.9% | +0.3% |
| June 30, 2025 | $109.33M | +10.6% | -2.8% |
| March 31, 2025 | $112.50M | +12.5% | +7.7% |
| September 30, 2024 | $104.45M | -4.4% | +5.7% |
| June 30, 2024 | $98.81M | -36.1% | -1.2% |
| March 31, 2024 | $100.02M | -49.2% | -8.4% |
| September 30, 2023 | $109.23M | -52.0% | -29.4% |
| June 30, 2023 | $154.61M | -23.4% | -21.5% |
- Lyft, Inc. showed an increase of +13.7% in R&D Expense compared to the prior fiscal year.
- Over the 2017–2025 period, Lyft, Inc.’s r&d expense has grown by 230.4% (from $136.65 million to $451.42 million).
- The most recent figure is from Lyft, Inc.’s fiscal year 2025 report (Form 10-K), filed with the SEC on February 11, 2026.
- All figures are sourced from SEC EDGAR XBRL filings, last verified June 17, 2026.
Last verified: