Lyft Inc (Lyft) is a provider of transportation services. The company offers ridesharing, bikes and scooters’ rental, and transportation options through Lyft platform and mobile-based applications. It connects drivers with riders through its mobile application, offering various transportation modes, including ridesharing, shared bikes, and scooters. Lyft's primary activities include facilitating rides, providing drivers with work opportunities, and offering transportation solutions to organizations. The company serves the transportation and mobility industry. As of December 31 2025, the company had 29.2 million Active Riders.

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Lyft’s R&D arm focuses on improving platform quality and cost efficiency to address low switching costs and frequent multi-platform use by riders and drivers. The company strives to develop technologies and operational tools that increase driver earnings potential and maintain rider service levels amid competitors with larger user bases and greater resources. It aims to strengthen data, product, and engineering capabilities to support faster iteration and to respond to changes in pricing pressure, demand patterns, and marketplace health. Lyft plans to invest in research, development, and commercialization of new technologies, including autonomous vehicle technology and networks of shared bikes and scooters. The company focuses on evaluating and advancing technologies through internal development and through strategic collaborations, including with competitors, while managing potential conflicts of interest and misaligned objectives. It strives to adapt to emerging technologies and trends that could affect gross bookings, revenue, and profitability. In FY2025, the company spent US$451.4 million on R&D, which as a percentage of revenue, stood at 7.1%.