Fundamentals Hub
▼ FY 2025 Summary Analysis
Annual report ending Dec 31, 2025Overview and Growth
Uber Technologies, Inc generated $52.02B of revenue in fiscal 2025, with net income of $10.05B and an operating cash inflow of $10.10B. At $52.02B, the top line establishes the operating scale supporting the company’s profit and cash-flow profile. Revenue was 18.3% above fiscal 2024 revenue of $43.98B, marking a year-over-year increase. On a per-share basis, diluted EPS was $4.73, which connects the reported earnings outcome with the company’s diluted share count. Diluted EPS increased by 3.7% from $4.56 in fiscal 2024, showing how the earnings change reached shareholders on a per-share basis. The revenue-to-assets relationship was 0.84x, showing the sales generated relative to the resources carried on the balance sheet.Profitability
The first profit layer was $20.68B of gross profit, the amount available after reported direct revenue costs to absorb operating expenses. Gross margin was 39.8%, so that share of each revenue unit remained after the cost of revenue reported for the period. The reported operating result was $5.57B, capturing profitability after direct costs and the operating expenses reflected in the statements. The operating result equaled 10.7% of revenue, placing the absolute operating-income figure in the context of the company’s sales base. Net income came to $10.05B, completing the progression from revenue through gross and operating profitability to the final reported result. Net margin was 19.3%, meaning that this portion of revenue remained as net income after all recognized expenses. An income-tax benefit of $4.35B improved the final result relative to pretax income or loss. Net income equaled 36.0% of period-end equity, showing the earnings generated on shareholders’ book capital. The net-income-to-assets relationship measured 16.3%, showing earnings relative to the full balance sheet.Liquidity and Capital Structure
Total assets were $61.80B, supported by $33.72B of liabilities and $27.92B of shareholder equity. The near-term balance sheet paired $13.99B of current assets with $12.32B of current liabilities at the reporting date. Current assets covered current liabilities by 1.14x, leaving a positive buffer for near-term obligations. The company held $7.11B in cash and equivalents, a narrower liquidity measure than total current assets. Cash and equivalents represented 57.7% of current liabilities, showing the portion of near-term obligations matched by reported cash alone. Borrowings totaled $10.52B, adding a fixed financing obligation alongside the company’s equity capital. Debt equaled 0.38x of book equity, describing the relative scale of borrowing and shareholder capital. Debt represented 17.0% of total assets, placing borrowing in the context of the company’s full resource base. Relative to total assets, liabilities measured 54.6%, complementing the separate equity-based view of the company’s capital structure. The cash-to-assets relationship was 11.5%, comparing reported cash and equivalents with the full positive asset balance. Compared with $51.24B in fiscal 2024, the current asset base moved 20.6% and finished higher. Book equity was 24.7% higher than fiscal 2024 equity of $22.38B, showing how shareholder capital changed year over year.Cash Flow and Earnings Quality
Cash flow from operations was $10.10B, a reported cash inflow that can be compared directly with net income and capital spending. Against net income, operating cash flow measured 1.0x, showing the relationship between accrual earnings and operating cash. The cash-flow statement records $336.00M of capital expenditures, the investment amount considered after operating cash generation. Relative to operating cash flow, capital expenditures measured 3.3%, connecting investment intensity with the company’s cash-generation base. Free cash flow came to $9.76B, leaving a positive amount after capital expenditures. Free cash flow represented 18.8% of revenue, linking post-investment cash generation with the company’s operating scale. Measured against total assets, free cash flow represented 15.8%, showing the cash productivity of the company’s assets.
Based on the annual report for the fiscal year ending Dec 31, 2025.
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