Uber 8-K
PositiveEarningsCEO/CFO changeNew guidance
Trip growth drove higher bookings; Balaji Krishnamurthy takes over as CFO.
Filed 2026-02-04 06:56 ET
- 2.02 Results of Operations
- 5.02 Officer/director change
- 9.01 Financial Statements and Exhibits
Summary
Q4 and FY2025 results with Q1 2026 guidance, alongside a CFO transition. Q4 revenue rose 20% Y/Y and Gross Bookings rose 22%, supported by 22% growth in trips. Uber expects Q1 Gross Bookings of $52.0B–$53.5B and non-GAAP EPS of $0.65–$0.72. Balaji Krishnamurthy becomes CFO on 2/16/2026; Prashanth Mahendra-Rajah will serve as a senior finance advisor through 7/1/2026.
Key Figures
| Metric | Q4 2025 | FY2025 |
|---|---|---|
| Revenue | $14.4B, +20% Y/Y | $52.0B, +18% Y/Y |
| Gross Bookings | $54.1B, +22% Y/Y | $193B, +19% Y/Y |
| GAAP income from operations | $1.77B, +130% Y/Y | $5.57B, +99% Y/Y |
| Non-GAAP operating income | $1.92B, +46% Y/Y | $6.45B, +50% Y/Y |
| Net income attributable to Uber Technologies, Inc. | $296M, vs $6.88B | $10.1B, +2% Y/Y |
| Non-GAAP net income | $1.50B, +25% Y/Y | $5.24B, +32% Y/Y |
| GAAP diluted EPS | $0.14, vs $3.21 | $4.73, +4% Y/Y |
| Non-GAAP EPS | $0.71, +27% Y/Y | $2.45, +35% Y/Y |
| Net cash provided by operating activities | $2.88B, +65% Y/Y | $10.1B, +42% Y/Y |
| Free cash flow | $2.81B, +65% Y/Y | $9.76B, +42% Y/Y |
- Quarterly trips grew 22% to 3.75B, as monthly active platform consumers rose 18% to 202M and trips per consumer rose 3%. Q4 GAAP net income included a $1.6B pre-tax headwind from equity-investment revaluations; Q4 2024 included a $6.4B tax valuation benefit and a $556M pre-tax investment-revaluation benefit.
- Q4 repurchases were $1.91B, vs $555M a year earlier; FY repurchases were $6.52B, vs $1.25B. Weighted-average diluted shares were 2.106B in Q4, vs 2.141B; unrestricted cash, cash equivalents and short-term investments were $7.6B at year-end. Long-term debt, net of current portion, was $10.5B.
- Incoming CFO Krishnamurthy’s compensation includes a $0.60M annual salary, eligibility for the executive bonus plan, $9.375M in time- and performance-based restricted stock units, a $3.125M stock option award subject to time-based vesting, and an additional $5.0M time-based restricted stock unit award. He is also eligible for the executive severance plan. Mahendra-Rajah’s separation qualifies for severance-plan benefits, subject to a general release.
Guidance
| Metric | Period | Guidance | Prior | Direction |
|---|---|---|---|---|
| Gross Bookings | Q1 2026 | $52.0B–$53.5B; 17%–21% Y/Y growth on a constant-currency basis | — | — |
| Non-GAAP EPS | Q1 2026 | $0.65–$0.72; 37% Y/Y growth at midpoint | — | — |
| Adjusted EBITDA, non-GAAP | Q1 2026 | $2.37B–$2.47B | — | — |
Gross Bookings guidance assumes a roughly 4 percentage-point currency tailwind to reported Y/Y growth. Management said Uber remains on track to deliver its three-year growth and profit outlook.
Investor Takeaways
- Q1 Gross Bookings and non-GAAP EPS against their guided ranges will show whether the strong operating momentum continued.
- Watch progress against the three-year growth and profit outlook as the CFO transition takes effect.
The summary is written by an AI model reading the filing.
Model 005 · prompt 8bef31e277 · 2026-10-14 17:03:08Z